Tag: argentina

File on Bizarre Argentine UFO Event Deemed Classified for National Security Reasons

In an eyebrow-raising story out of Argentina, a police report concerning a recent UFO incident involving mesmerized cattle has been deemed classified for national security reasons by government officials. According to a local media outlet, the bizarre event occurred on August 14th in the village of Candioti when police received word that multiple residents had observed a “white light with violet flashes” floating over the community. An officer dispatched to investigate the UFO sighting was soon alerted to a strange commotion unfolding among the animals at a ranch along the way. Arriving at the location, he likely could not believe his eyes at the wondrous scene before him.

To the astonishment of the officer and other witnesses, the ranch’s cows were eerily walking in a circle beneath the mysterious ball of light hovering overhead. Meanwhile, the property’s horses were thrashing around in a manner suggesting that they were deeply disturbed by what was unfolding around them. After a few minutes, the UFO suddenly vanished. Its disappearance seemingly broke the spell cast over the animals as the horses immediately calmed down, and the cows stopped their ritualistic circling. Silence fell over the field, with the witnesses understandably wondering what they had just seen.

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U.S. ranchers oppose Trump’s plan to import more Argentine beef, experts doubt it will lower prices

President Donald Trump’s plan to cut record beef prices by importing more meat from Argentina is running into heated opposition from U.S. ranchers who are enjoying some rare profitable years and skepticism from experts who say the president’s move probably wouldn’t lead to cheaper prices at grocery stores.

The National Cattlemen’s Beef Association along with the Ranchers-Cattlemen Action Legal Fund United Stockgrowers of America and other farming groups – who are normally some of the president’s biggest supporters – all criticized Trump’s idea because of what it could do to American ranchers and feedlot operators. And agricultural economists say Argentine beef accounts for such a small slice of beef imports – only about 2% – that even doubling that wouldn’t change prices much.

South Dakota rancher Brett Kenzy said he wants American consumers to determine whether beef is too expensive, not the government. And so far there is little sign that consumers are substituting chicken or other proteins for beef on their shopping lists even though the average price of a pound of ground beef hit its highest point ever at $6.32 in the latest report before the government shutdown began.

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Trump bet $40B on Milei, but what do Americans get out of it?

It has been a busy week for U.S. policy towards Argentina.

Treasury Secretary Scott Bessent announced Wednesday that the U.S. would be doubling the assistance it is marshaling for Argentina from $20 billion to $40 billion. The increase comes ahead of legislative elections on October 26 that will elect half the lower house and one-third of the upper house, and represents an increasingly strenuous effort in Washington to bolster Argentine President Javier Milei financially and politically.

Ironically, one reason for an even bigger bailout package might have been a comment by the White House itself. Heading into a meeting with President Donald Trump on Tuesday, an optimistic Milei is reported to have said “we will have dollars pouring out of our ears.” During the meeting, Trump burst that bubble, remarking that “if he loses, we’re not going to be generous with Argentina,” a remark that immediately hit markets.

A day later, Treasury Secretary Scott Bessent tried to remedy the situation, saying that beyond the original amount the U.S. had committed to lend Argentina, the Trump administration was coordinating the delivery of another $20 billion for the country from banks and sovereign wealth funds. Bessent invoked an “economic Monroe Doctrine” and said the outcome of upcoming elections in Chile and Colombia depended on the fate of Milei’s presidency. He thus grounded the need for assistance in the possibility that electorates in those countries might follow the cue from Argentine voters despite their very different circumstances (as detailed below).

Milei’s first term ends formally in 2027, but he is under severe pressure from domestic politicians and international investors. Argentina was a darling of the markets following Milei’s election in 2023 as he pushed through radical reductions in the size of government by decree, arguing that it was the only way to deliver the country from a long history of high inflation and serial defaults.

However, in early September, his party received a drubbing from voters tired of austerity in the province of Buenos Aires, home to roughly 40% of the population. This hit Argentine bonds and led to a sharp depreciation of the Argentine peso. Local and foreign investors fled, worried that the results in the provincial election were a harbinger of worse to come in the congressional polls.

By the end of September, the U.S. had stepped in, offering Milei’s government a level of support practically unprecedented in recent history (and yet apparently still not enough). The Treasury offered an arrangement where Argentina could borrow dollars against pesos, hinted that it might buy the country’s debt, and later even purchased the country’s currency in foreign exchange markets.

While Mexico did receive ample support from the U.S. in 1995, when that country suffered its own devaluation shock, the U.S. Treasury did not actually buy Mexican pesos on that occasion, unlike its actions during the current intervention in Argentine markets. And the U.S. rescue efforts for Mexico were for a country that was a member of the North American Free Trade Agreement, already the U.S.’s third-largest trading partner (it is now the biggest), and supported a new president about to enter a six-year term after an election.

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Eerie Animal Mutilations Mystify Argentine Ranchers

The owners of a ranch in Argentina are searching for answers after they lost both a cow and a horse to what appears to be the infamous cattle mutilation phenomenon. According to a local media report, the eerie case began last month in Villa de la Quebrada when a downed heifer was found with a cut jaw and its tongue, eye, and udder removed with what appeared to be remarkable precision. “What we found strange,” one of the ranch owners recalled, “is that it had a burn inside the mouth like it was made with a laser.” The situation became even more concerning last week when he noticed that one of their horses had gone missing, which led to another gruesome discovery.

To his astonishment, he soon stumbled upon the unfortunate mare, which had suffered a similar grisly fate, bearing “the same characteristics of the cow,” including precise cuts to its jaw and carefully removed body parts. The rancher noted that in both instances, the remains of the slain animals were of no interest to scavengers that would normally feast on such a free meal. Understandably baffled by the two incidents, he was skeptical that the killings were the work of human hands. “It does not make sense for one or more people to do all this and leave the animal lying,” he mused, arguing that a sinister miscreant would have at least taken the heifer’s remains.

With that scenario having been dismissed by the rancher, he offered an otherworldly explanation for what might be behind the two unsettling events. Citing “news and documentaries we have seen,” he pointed to two possible culprits: the chupacabras or aliens. That said, he conceded that the cases will likely remain a mystery as “the reality is that no one knows how to tell you exactly what may have happened to them or what would be the cause.” What do you think downed the rancher’s animals? Are the incidents a case of the cattle mutilation mystery going international, or did they perish under more prosaic circumstances?

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The United States promotes an alliance with Argentina in artificial intelligence, nuclear energy, and critical minerals to counter China’s influence in the region

Artificial intelligence is at the center of great-power competition. The United States is promoting “American AI” through initiatives such as the Partnership for Global Inclusivity on AI (PGIAI), launched with industry partners to expand AI access and training globally.

The White House’s AI Action Plan (2025) explicitly identifies diplomacy and standard-setting as tools to align partner nations with U.S. frameworks.

By embedding U.S.-based AI ecosystems in Hispanic America, Washington offers democratic governance standards and trusted digital infrastructure.

This strategy not only supports innovation but also reduces the risk of dependency on Chinese platforms, which carry surveillance and data security concerns.

While outcomes are not guaranteed, these initiatives increase the likelihood that regional AI standards will align with U.S. interests.

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Trump’s Argentina bailout pits two competing MAGA factions against one another

President Donald Trump’s attempt to give Argentina’s fledgling economy financial assistance is creating a headache for him back in the U.S. as part of his base — farmers — are upset about the possibility of bailing out a country that is competing for a major crop — soybean exports to China.

Trump and Treasury Secretary Scott Bessent promised a possible $20 billion aid package to Argentina’s leader Javier Milei. They argue the plan is needed to stabilize a major Trump and U.S. ally ahead of October elections that are important for Milei to retain power. At the same time, some of Milei’s policies are helping U.S. investors and negatively impacting American soybean producers.

Investors and hedge funds have bought into Milei’s stewardship of the bedraggled country. Fidelity Investments, T. Rowe Price Group and Pimco all own bonds in Argentina, according to Bloomberg. In September, traders began selling off investments there after Milei lost some crucial local elections over corruption scandals.

News of U.S. help boosted some of the assets, but Argentina’s currency is still performing poorly among the stable of international currencies.

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“Farmageddon” – Farmers Across the U.S. Sound the Alarm on the Disaster Unfolding from Trump’s Tariffs

As the U.S. now heads into the Fall harvest season, the impacts of Trump’s tariffs are being more clearly seen, where farmers all across the U.S. are sounding the alarm about the collapse of our agricultural system, with one out of every three farms going out of business in certain parts of the country.

What we are seeing this Fall in the U.S. are the effects of a mass loss of farm labor due to deportations, increased prices on farm equipment and other farm materials that are mostly imported (like parts for John Deere tractors), and of course the loss of the China market, the country where most U.S. farm products have been exported to in past years.

Ohio family farmers describe life under Trump tariffs: ‘We’re in a hell of a mess here.’

“We’re in a hell of a mess here,” said Ohio farmer Chris Gibbs as he worked on his combine at the start of harvest season.

“A severe cash flow mess,” he sighed. “A working capital mess.”

Gibbs, who farms more than 500 acres of corn, soybeans, wheat, and alfalfa hay in Shelby County, along with a 90-head cow-calf operation, described the five-alarm fire raging in the farming community from Trump’s blanket tariffs.

Some growers have called the fallout from his chaotic trade war, and the reciprocal tariffs it provoked, a “farmageddon” that could ruin what made rural America great.

It’s that bad.

The Trump tariffs are shrinking incomes and exploding expenses for farmers, who, thanks to a president they still overwhelmingly support, fear losing their farms.

Many don’t know how much longer they can hang on.

Trump’s punitive tariffs on foreign buyers made their crops less competitive in markets around the world (and drove down prices more) while other senseless tariffs on fertilizer, steel, aluminum, and lumber just sent the cost of doing business through the roof.

The double whammy of Trump tariffs is especially painful for family farms that make up about 87% of all farms in Ohio.

Individual farmers struggle to break even, buy supplies, sell their crops, and build a sustainable future with long-term customers.

But the current tariff dance with Trump keeps them up nights.

Everything a farmer buys “from phosphate and potash to agricultural chemicals, herbicides, machine parts, is up by 50% over the last decade, while our proceeds from the sale of crops is down by 40%,” said fifth-generation Ohio farmer Joe Logan.

The former president of the Ohio Farmers union — a group focused on family farmers — maintained “the industrial agricultural community is chugging right along, raking in billions of dollars” while family farmers are not making any money.

Instead, they’re battling irrational tariffs, rising costs, high interest rates, farm bankruptcies and abiding dread.

How will they move crops without buyers or the major trade deals Trump promised to fix what he broke? (Full article.)

The biggest crop losses to China are American soybeans. Last year China bought $12.6 billion of soybeans, and this year they have bought ZERO, since Trump levied tariffs against them earlier in the year.

Instead, China has turned to Brazil to import soybeans, and after the Trump Administration just gave Argentina a new $20 billion bailout package to “help their economy,” Argentina immediately removed their own tariff to China and sold them several shiploads of soybeans, betraying U.S. farmers.

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Leaked texts on Scott Bessent’s phone suggest the White House got played bailing out Argentina—and U.S. soybean farmers are the casualties

“Finally—just a heads up, I’m getting more intel, but this is highly unfortunate,” the text said. “We bailed out Argentina yesterday and in return, the Argentine’s [sic] are removing their export tariffs on grains, reducing their price, and sold a bunch of soybeans to China, at a time when we would normally be selling to China. Soy prices are dropping further because of it. This gives China more leverage on us.”

A second message said, “On a plane but Scott I can call you when I land.”

Last week, Bessent outlined on X a plan to financially support Argentina following extensive talks between longtime allies President Donald Trump and Argentine President Javier Milei, a libertarian economist with a populist, Trump-like appeal, known for wielding a chain saw and cloning his enormous mastiff dogs.

The Treasury has arranged a $20 billion swap line with Argentina’s central bank, part of an effort to infuse the South American country with capital. Stabilizing Argentina ahead of an October midterm would help Milei’s chances of staying in power. Milei has had more success taming Argentina’s hyperinflation than first expected, but has been dealing with a brewing currency crisis and several corruption scandals.

Amid Argentina’s talks with the U.S., China ordered at least 10 cargoes of soybeans from the South American country, Reuters reported, citing multiple traders.

The U.S. Department of Agriculture and Treasury Department did not respond to Fortune’s requests for comment.

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Trump Admin’s $20 Billion ‘Bail Out’ for Argentina’s Milei Raises Eyebrows

The Trump administration says it is working to provide tens of billions of dollars to Argentina’s President Javier Milei, in a financial bailout that many critics say clashes with President Donald Trump’s “America First” platform.

The U.S. State Department told Newsweek Thursday that the America First Foreign Assistance programs must align with administration policies and advance concrete U.S. national interests.

Why It Matters

On Wednesday, U.S. Treasury Secretary Scott Bessent confirmed the United States is in talks to provide $20 billion to Milei. The announcement comes months after the Trump administration dismantled the U.S. Agency for International Development (USAID) in an effort to instead support programs aligned with Trump’s “America First” agenda.

Argentina is one of the largest South American economies and has notable natural resources, including oil, gas, uranium, and lithium, which are often used in batteries.

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Milei Raises Government Spending While Pledging Zero Deficit

Argentine President Javier Milei has built his presidency around a single rule: zero deficit. Yet even as he vows to keep the budget balanced, his new 2026 plan raises pensions, health, and education spending. The shift comes just a month before midterm elections, testing whether his austerity brand can survive political reality. 

Since taking office in December 2023, Milei slashed billions in spending, froze public works, and cut federal funding to provinces, among other austerity measures. University and health budgets were hit especially hard, leading to layoffs and reduced services. Retirees saw their benefits shrink as inflation eroded payments, while tighter rules limited access to pensions. As a result, Argentina reached its first primary surplus in more than a decade and its first full-year surplus in 123 years. But the cost was steep: Consumption plunged and poverty spiked above 50 percent before easing in recent months.

The political backlash hit hardest in the province of Buenos Aires—home to nearly 40 percent of voters—where Milei’s coalition suffered a defeat earlier this month. In response, Milei rolled out a 2026 budget that expands spending in areas he once vowed to shrink.

The plan increases pensions and disability payments by 5 percent, boosts health spending by 17 percent, and lifts education spending by 8 percent—all above projected inflation. As Martín Rodríguez Yebra of La Nación put it, the package amounts to “a white flag in the three battles that eroded his popularity this election year.”

Milei insists fiscal balance remains “set in stone.” The numbers partly back him up: total revenues for FY 2026 are projected at 15.6 percent of gross domestic product, up 0.2 percentage points from 2025. On paper, the budget still balances.

The biggest challenge is political. Without a congressional majority, Milei has relied on vetoes to block deficit-boosting bills. By conceding targeted increases, he hopes to blunt those challenges while courting centrists who dislike Peronist populism but remain wary of his radical cures. The October 26 legislative elections will decide whether he grows his foothold in Congress or stays boxed in.

At the Conservative Political Action Conference (CPAC) earlier this year, Milei handed Elon Musk a chainsaw—a symbol of his vow to slash the state. Now, with midterms looming, he is testing whether that brand of austerity can withstand political reality. Voters will decide whether the chainsaw keeps buzzing or runs out of fuel.

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