00:00We get a lot out of it. Argentina is a beacon in Latin America. President Malay has done the right
00:07thing. He is trying to break a hundred years of a bad cycle in Argentina. He is also a great ally
00:16for the U.S. He'll be coming to the Oval Office next Tuesday and he is committed to getting China
00:24out of Argentina. They're all over the place in Latin America. And when people say to me,
00:30how is this not America first? I'll tell you why it's not. Do you want to be shooting at more gun
00:34boats like in Venezuela? We do not want a failed state. So this isn't a bailout? Sorry, it's not a
00:40bailout at all. There's no money being transferred. The ESF has never lost money. It's not going to
00:47lose money here. I've been doing, I was in the investment business, mostly currencies for 40
00:52years. You're supposed to buy low, sell high. And the Argentine peso is undervalued. We're going to
01:00have an election in Argentina, the 26th of this month. We think President Malay will do quite well.
01:08And he is putting the Peronist path behind them. And people in the U.S., especially on the left,
01:15you know, they are willing to, you know, Senator Warren tried to put a bill in front of the Senate
01:21that the exchange stabilization fund could not bail out Argentina, which I think is rich because she's
01:28an American Peronist. You know, don't don't cry for me, Massachusetts. And when Joe Biden was in
01:35office, what was it? What was their idea of foreign aid? It was circumcisions in Malawi and drag shows in
01:40Central America.
