Here is One Way to Reject Central Bank Digital Currencies By Charles Taylor (Florida)
With the push by the globalists to eliminate cash, and set up Central Bank Digital Currencies (CBDC), activists are working on strategies to oppose this. The election of Javier Milei as president of Argentina, suggests one radical way. Milei is a libertarian economist, believing that the state should have its influence reduced to merely dealing with areas of market failure, the so-called “night watchman” view. Thus, collectivist entities such as central banks would be rejected by libertarians, and this is what Milei is proposing, to shut down Argentina’s central bank. No central bank, no Central Bank Digital Currency, it’s logical! And Milei is firm on this, saying that the matter is “non-negotiable.”
As detailed below, there are some issues in Milei getting together his razor gang to set to work cutting government departments down to size, but in principle it can be done. The free market, once allowed to be free will work seeming economic miracles, and Argentina, once the wealthiest country in South America, surely needs this.
“Argentina's President-elect Javier Milei has reaffirmed his commitment to shutting down the country's central bank, labelling it a "non-negotiable matter", as per a Reuters report. This statement from his office was posted on social media platform X (formerly Twitter) and was aimed at addressing what he termed as "false rumors".
With his December 10 inauguration looming, the outsider libertarian economist is in a rush to assemble his team. Indications suggest that Milei might opt for a more moderate Cabinet than initially anticipated, the report added.
Key Appointments Unveiled
The statement disclosed that economist Osvaldo Giordano, from the central Cordoba region, is set to head Argentina's social security administration ANSES. This move holds significance in light of Milei's commitment to reducing state spending and subsidies.
This announcement also marks a shift from Milei's earlier plan, which involved nominating a close ally to lead the administration. Furthermore, Horacio Marin, a private energy sector executive, was confirmed as the incoming chief of state oil company YPF.
Obstacles Ahead for Milei's Reforms
Implementing Milei's radical reform agenda faces significant challenges. Plans encompass dollarizing the economy, closing the central bank, and privatising state companies such as YPF. However, these reforms may encounter substantial time constraints or feasibility issues.
Milei's libertarian coalition holds a limited number of seats in Congress and lacks provincial governors' support, the report added. Additionally, he must navigate demands from the more mainstream conservative bloc, whose endorsement was pivotal in his victory during the run-off election last week.”
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