The president spoke with journalist Luis Majul on El Observador ahead of his meeting with Donald Trump
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President Javier Milei expressed marked optimism regarding Argentina's economic future ahead of his meeting with Donald Trump, where new announcements related to financial assistance that the White House will provide to the country are expected.
During an interview with journalist Luis Majul on El Observador, the head of state anticipated a "dollar avalanche" driven by the nation's natural and productive advantages: "Dollars are going to come out of our ears," he stated. According to his projections, this situation will generate an "extraordinary" increase in Argentinians' income.
Milei based his enthusiasm on the enormous potential of strategic sectors such as mining, agriculture, and energy. He mentioned key resources like copper, gold, lithium, rare earths, uranium, nuclear energy, oil, and gas, and highlighted the country's capacity to produce a true "dollar avalanche" with a direct effect on employment and wages.
In particular, the president indicated that this inflow of foreign currency will act as a powerful economic engine: "The services sector is labor-intensive, so wages in Argentina are going to skyrocket. If we move forward, a wonderful future awaits us."
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In the interview, Milei also assured that his economic program will not be modified by even a "jot," even in the event of a possible defeat in the upcoming October 26 elections. He also warned that his team is prepared "for the worst" if the public decides not to support the government's direction at the polls.
During the extensive conversation, Milei emphasized the importance of support from the United States to contain possible market instability. In that regard, he highlighted that Argentina has the necessary international backing and preventive mechanisms to face episodes of exchange rate volatility or speculative attacks.
The president reiterated that his administration is ready for any adverse scenario: "We are always prepared for the worst-case scenario. All those who bet against Argentina are doing very badly," he stated, alluding to those who mistakenly predicted a rapid devaluation of the peso or a macroeconomic collapse. He also mentioned the drop in the parallel dollar and the sustained decrease in country risk as signs of stability.
According to Milei, the strategic alliance with Donald Trump plays an essential role in defense against internal and external turbulence. "The United States has decided to lead the American continent and defines Argentina as its ally," he pointed out, highlighting that the U.S. administration provided decisive financial and political support when "the local franchise of 21st-century socialism," referring to Kirchnerism, tried to destroy the economic program.
Among the cooperation tools, the president mentioned lines of credit, currency swap agreements, and direct interventions in the markets if necessary.
Javier Milei, presidente de Argentina.
The Government's Future
President Javier Milei categorically ruled out any possibility of altering the country's economic course for electoral reasons or political pressure. "I'm not going to change the policy. The direction is correct," he stated firmly during the interview. He added: "Do you want us to abandon fiscal balance? No way," reaffirming his commitment to the spending reduction, deregulation, and international alignment policies promoted by his government.
The president also highlighted that there is broad consensus on the need for structural reforms in Argentina, and expressed his willingness to collaborate with all sectors of the political spectrum that share that objective, beyond party differences.
"All the experts who can help us improve management productivity, I'm going to do it," he stated, leaving open the possibility of additions and changes as long as they aim to optimize state efficiency and strengthen economic development.
Milei maintained that no electoral situation should divert the country from the path of transformation that has begun, and guaranteed the continuity of the economic program, backed by international support and a constantly strengthening cabinet.
With a forward-looking perspective, he explained that, if access to markets were eventually restricted, financial support from the United States will make it possible to ensure payments and avoid any liquidity crisis. "Argentina is not going to have liquidity problems. If the market doesn't support the opening, we will be able to count on financing from the United States to roll over the debt," he explained.
Finally, the head of state conveyed a message of calm and confidence regarding the upcoming electoral decisions. He reaffirmed that the chosen course is correct and asked society not to abandon the path of economic reforms. "We have made a huge effort, but we are halfway there. Let's make everything that has been done worthwhile, let people understand that we are all making an effort," he concluded.
