Argentina clinches deal with creditors to restructure $65 billion debt, bonds rise

[sandensea]

7. If the GOPee ever manage to ruin global trust in the dollar, that may indeed happen here

Bush almost did - but the world decided to stick with the dollar (thank goodness).

The sad thing in Argentina, is that Macri's debt bubble didn't for the most part go toward monetary emission - but instead to cover the dollarization of local assets by elites (and some foreign hedge funds looking for a quick 15% return), and their subsequent offshoring.

His own father used to complain that young Mauricio never appreciated proper money management - just get-rich-quick schemes.

Like someone else we know...