Javier Milei is commiting bureaucracide (the killing of bureaucracies). From Bonner at bonnerresearchpartners.com:
Argentina’s government gets the chop, while the American Dream soars out of reach…
(Source: Getty Images)
Bill Bonner, reckoning today from Baltimore, Maryland…
The most exciting thing in the world of money and politics, right now, is the remarkable story of Javier Milei in Argentina. He brandished a chainsaw at campaign events, pledging to use it on the government.
Now, against all odds, he is El Presidente…and he’s cutting the deadwood. All over the world people are wondering: shouldn’t we try this at home?
We have two of our Bonner Private Research team on the scene to bring us the straight skinny – one in Buenos Aires and the other in Cafayate. Here’s the ‘Chainsaw Report” from Joel Bowman In the Paris of South America::
Within the first 48 hours in office, Sr. Milei has…
- Cut the number of “under secretaries” from 182 to 140
- Cut the number of secretaries [department chiefs] from 106 to 54
- Cut the number of ministries from 18 to 9…
He’s also cut all superfluous ministerial expenses (staff cell phones, drivers, travel accounts, etc.)
Currently, all people hired by the outgoing president (Alberto) across all divisions of the government are under review. The presidential spokesperson reiterated that “the national spending cuts have just begun.”
Also in the news, perhaps unrelated, a fire has broken out in the building next to the Ministry of Labor with reports there was an explosion. Some are speculating they’re “burning documents.”
Will he chainsaw the shekels pile or send it to Ukraine?
It’s been written that every man has a price and some just want to be near the printing press while others really are tricksters and unpredictable.
Only time will tell.