Javier Milei spoke about virtual money laundering and savers' fear of "leaving their fingers marked."

President Javier Milei spoke Tuesday afternoon at the Congress of the Argentine Institute of Finance Executives (IAEF), attended by governors, ministers, and other officials, as well as business leaders. There, the head of state spoke about the virtual money laundering the government is preparing to encourage savers to use their dollars. He said people can save in whatever currency "they want" and promised that the ARCA (Argentine Central Bank) will not pursue them.
"Let's not steal a minute of his time," joked Economy Minister Luis Caputo at the end of his speech, referring to the President, who was getting ready minutes before 7 p.m. for his speech at the 42nd IAEF Congress, succeeding the minister on stage.
Milei, agitated, took the stage and quickly praised his administration and his ministers, especially Caputo. "We are indeed having the best administration in history. The best was Menem's first administration, until we came to power. A year and a half into our term, we've kept all our promises," the President said.
"We were all in the electric chair when we arrived. But we achieved stabilization without expropriating or touching the dollar. This program has unprecedented characteristics," the libertarian asserted. He continued with his praise for his cabinet: "With the ministers I have, what do they want? For it not to be bullish?"
The presentation lasted almost an hour and a half, and covered a wealth of theoretical concepts. Finally, he addressed one of the hot economic issues: the virtual money laundering he's working on with Luis Caputo.
"My campaign promise was that you could make transactions in any currency you want. So why don't you do it?" the President asked, emphasizing that "the criminal exchange law is illegal." He then added: "You can save money however you want."
"The reality is that they're afraid of leaving their fingers marked and that ARCA will come after them. And I promised them that ARCA won't come after them, and we're working with that institution, as well as with the Ministry of Economy and the Central Bank, to ensure that no one comes after them," he added.
In line with other speeches, he reiterated: "Those who fled the money are heroes who managed to escape the sons of bitches politicians who wanted to 'break their backs' with the inflationary tax."
The President continued to question the media, as he has in recent weeks. He twice targeted Clarín.
The first mention was when he was talking about the "convertibility exit scam." "Clarín's friends, Duhalde, Alfonsín, and company, those who overthrew De la Rúa, basically ended up swindling Argentines out of $30 billion," he charged.
"Can you imagine that, after saying all these things, I'll end up eating the tapas I get from the great Argentine tabloid? But hey, someone had to come and put their balls on the table, and I'm telling them to their faces," Milei added.
Javier Milei at IAEF.
The President, who has been joking with his trolls about imprisoning journalists by decree, later singled out journalists for their coverage of the economy.
"I remember journalists and operators saying: 'No, the inflation rate is going to be between 5 and 7%.' The big Argentine rag encouraging the crisis. Of course, because after the last crisis in 2001-2002 they did very well, because they liquidated and screwed all the creditors, right?" the President affirmed.
"In exchange for caps and protecting Duhalde's government, they screwed up the lives of all Argentinians, but they got the cultural assets law passed so that the pledged shares wouldn't be executed. And since they didn't have enough, because when they went to bankruptcy, they didn't have enough, they later amended the bankruptcy and insolvency law so that they could take 51%, instead of two-thirds. And that left the creditors defenseless and screwed them all."
And he concluded: "These corrupt advertisers, who ruined Argentina and are extortionists. And what are they trying to do is squeeze governments with caps."
Clarin