Why Trump Is Bailing Out Argentina’s Corrupt Leader Javier Milei with $40 Billion

LATIN AMERICA AND THE CARIBBEAN, 27 Oct 2025

Ben Norton | Geopolitical Economy - TRANSCEND Media Service

The Donald Trump administration is using $20 billion of US government money plus $20B more in private loans to bail out Argentina’s corrupt libertarian President Javier Milei, meddling in the South American nation’s election.

25 Oct 2025 – The Trump administration is talking about using $40 billion to bail out a foreign country: Argentina.

So why is Trump abandoning his so-called “America First” stance to help a foreign leader? And who exactly is Argentina’s president Javier Milei, whose nickname is the “madman”, who calls himself an “anarcho-capitalist”, and who was the inspiration for Elon Musk’s federal cuts — and chainsaw stunts.

This is a story that involves election meddling, brutal anti-worker austerity, economic crisis, corrupt corporate payouts, and, of course, crypto scams.

Trump has bet a lot on Milei. The right-wing Argentine president is one of Trump’s closest allies on Earth. They have a lot of similarities. Like Trump, Milei won the election by cynically portraying himself as a “populist”, even though he chose the rich banker Luis Caputo to serve as his powerful finance minister, after he made a fortune trading stocks for the Wall Street mega-bank JPMorgan.

https://www.youtube.com/watch?v=HSt6LWjw0YU

https://www.youtube.com/watch?v=HSt6LWjw0YU

Trump and Milei have also both carried out similar corrupt schemes. Like the US president with his shady Trump coin, Milei scandalously promoted a meme coin rug pull that caused his own supporters to lose billions of dollars, in what became the biggest ever crypto theft.

Milei is likewise very close to the world’s richest man, the centibillionaire Elon Musk. In fact, Milei inspired Musk to launch his failed Department of Government Efficiency, or DOGE. And when Trump signed an executive order vowing to dismantle the Department of Education, he was echoing Milei.

It’s important to note as well that Elon Musk has a vested economic interest in Argentina. The electric cars made by his company Tesla need lots of lithium for their batteries, and Argentina just so happens to have some of the largest lithium reserves on Earth.

So what exactly is happening in Argentina, and why does Milei need to be bailed out?

This crisis actually goes back to 2018, when the first Trump administration pressured the International Monetary Fund, the IMF, to give the biggest loan in its history, a staggering $57 billion, to the conservative president of Argentina at the time, Mauricio Macri, who was a wealthy former business partner and personal friend of Donald Trump.

The goal of this previous bailout was to stabilize Argentina’s economy and reduce inflation in the lead-up to the 2019 election, which Trump wanted Macri to win. But the IMF loan instead provided the dollars needed to fund capital flight. This meant that the wealthiest people in Argentina converted their pesos to dollars and stashed the money in offshore accounts, while the poor in Argentina got even poorer.

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