Poverty in Argentina hits 20-year high at 57.4%
Poverty in Argentina hits 20-year high at 57.4%. Now now, but two or three years later many Argentines may end up as illegal immigrants in New York or other American cities.
BUENOS AIRES (Reuters) February 19, 2024 – Poverty levels in Argentina hit 57.4% in January, the highest in at least 20 years, according to a report by the Catholic University of Argentina (UCA) cited by local media on Sunday.
According to the report, the devaluation of the peso currency carried out by President Javier Milei shortly after his inauguration in early December – and the price hikes caused by it – exacerbated poverty levels, which closed the year at 49.5%.
“The true inheritance of the caste model: Six out of every 10 Argentines are poor,” Milei, a libertarian, said in a social media post late on Saturday.
Milei took office promising to “dollarize” the economy, tame an annual inflation rate of more than 200%, eliminate the fiscal deficit and end benefits for Argentina’s political dynasties, which Milei calls “the caste.”
In December, his government rolled out sweeping economic reforms, primarily a 54% peso devaluation against the US dollar, causing Argentines’ incomes to collapse as prices shot up.
Other measures included slashing energy and transportation subsidies and rolling out tax hikes aimed at reaching fiscal balance.
On Friday, Argentina’s economy ministry reported a January budget surplus of 518.41 billion pesos ($620.85 million), the first time the number has been in the green since August 2012.
And here’s a PROPHECY
“And upon thy sword shalt thou depend, entering at every place: yet thou shalt be supple and credulous, and be in subjection to thy brother [Jacob]; but it will be that when his sons [the children of Israel] become evil, and fall from keeping the commandments of the law, thou shalt break his yoke of servitude from off thy neck….and then will I kill Jakob my brother,” Genesis 27:41-42 Jonathan
And to understand the encrypted message above, see the followings:
For more about the South, a prophecy of Esau or Edom, see Obadiah
For more on the enemy from the South, see A Sword from the South!
For more into another Captivity: see Ezekiel Timeline – 190/40 Years
Japheth
The Mystery of Esau and Ephraim 