Scott Bessin, the founder of the billionaire and founder of the hedge fund, threw himself in the midst of two political fiery storms – one in New York City, and thousands of other miles south in Argentina. Since Bessent helped the engineer of a $ 20 billion currency exchange line for Argentina, which is run by the head of the magnet such as Elon Musk, Javier Miley, the Establishment, explained that New York City cannot expect a similar treatment. Bessent returned to the title of the famous newspapers in the big newspapers when he said that Zahran Mamdani’s favorite in the municipality could “fall dead” if he turns the city to a financial crisis and expects a Miley -like treatment.
Of course, Mamdani is a member of the unknown two millennials, who turned into a favorite of the mayor who exceeded Andrew Como in the democratic introductory elections in June. Business leaders felt uniformly through his left left platform and belonging to the Social Democrats in America (DSA), a group associated with numbers including Senator Bernie Sanders (I-VT) and MP Alexandria Okasio Cortez (DN.Y.). Jimmy Damon, for example, is called Mamdani.More than Marxi more than socialism“Although Mamdani also participated with the CEO of JPMorgan in a friendly phone call.Not exactly the peak time”
The Mamdani’s progressive platform is unusually included in free care of children, city -owned groceries, hundreds of thousands of housing units at reasonable prices, and higher taxes on archaeological and large companies. Pesin said Fox’s work Mamdani will be alone if these plans are fun.
“I guarantee you – and there is not a lot of things in confirmed life – that New York City will come to the federal government to obtain a rescue plan if Mamdani’s plans are implemented,” Pesin said on Morning with MariaTalking to Maria Bartopiromo, a business broadcaster for a long time. call New York Daily News The main title when President Gerald Ford rejected the New York City rescue plan in 1975: “The same thing that Gerald Ford said: Drop Dead.” But BESSENT was organized a $ 20 billion exchange line for a foreign government at the same time.
The head of the Argentine series
Almost simultaneously, Bessent played a pivotal role in the mastermind of a $ 20 billion bartial deal for Argentina during the era of President Javier Miley. The notorious liberal expert because of his play in his campaign, often practicing a series of saw, and for the washing upbath, such as the four cloned dogs in his beloved employees, Conan, He was named after his favorite economists (Milton, after Friedman, then Murray after Rothbad, as well as Robert and Lucas after Robert Lucas Junior). He has also taken a fundamental measure to solve economic crises and crises for decades from Argentina, and to adopt the type of “shock therapy” that his economic hero called, with some promising early results before that yet Another currency crisis In September. To put it in the context, inflation in Argentina decreased from more than 200 % in 2024 to 33.6 % today, but analysts criticize the peaso because of its exaggeration.
The last market on the bizo, to be clear, has nothing to do with the treatment of Miley shock; Policy is still involved. A political scandal surrounding the familiarity with the Miley administration and the anger of the voters led to the spending discounts in a sudden defeat in the local elections, and Sales After that, the government left burning through reserves to keep its currency in dollars. (It is not certain that Argentina sticks to the peso, as Millie suggested.Dollar“The dollar is officially built as a legal tendency.”
While President Millie praised the deal as a vote on confidence in his approach to the treatment of shock, the critics accused the Passetin and the internationals of pushing a majestic administration synonymous with both economic experiences and authoritarian revolutions.
Partner and economic tremors
The double interventions of Bessent – which wasted New York’s cutting under a democratic socialist mayor and directing billions to the most attractive leader of Argentina for decades – has led to a severe debate about the role of private capital in shaping public destinies. The protest of it for “Drop Dead” has become a massive cry for critics who see the unification of financial power as an mainly non -democratic, even when conservative business leaders and politicians are beware of progressive economic aspirations.
Since New York prevails in the possible Mamdani administration and Argentina, the boundaries of the Economics of Miley in the Millie series, Bessin’s warnings, and financial deals behind the scenes, show that the balance of the supreme democratic ideals and market discipline-in terms of paradox may depend on both the city’s and country classifications increasingly dependent on rulers.
For this story, luck The artificial intelligence is used to help with a preliminary draft. Check an editor of the accuracy of the information before publishing.
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