The Argentinian Peso sucks so badly that it has made Huawei the world’s single largest beef importer. Huawei is immediately spending all pesos in its Argentinian accounts on beef to sell in China.
The Argentinian Peso sucks so badly that it has made Huawei the world’s single largest beef importer. Huawei is immediately spending all pesos in its Argentinian accounts on beef to sell in China.
Tracking Milei’s Wins:
Huawei does a lot of business in Argentina. As a result of the recent Argentinian currency instability crisis, it has become impossible for Argentina to pay China in RMB or USD, and Huawei really doesn’t want to be stuck holding the hot potato (Argentinian Pesos) in its accounts.
Imagine you have two cows:
Huawei has immediately been taking any payment it receives in pesos, and immediately flipping it by purchasing Argentinian beef, which it then ships to sell back in China. China is the largest importer of beef in the world, and Huawei is now China’s largest importer of beef, which makes it quite possible that Huawei is currently the world’s largest beef importer.
It’s been very difficult to find any English media talking about this, so here is a link to the article
Always a good sign when a perishable good with a week long shelf life is a more stable investment than your national currency.
Plus the price of beef in China has fallen for like two years straight and it’s still seen as a better investment than Argentinian currency
Good time to invest in South American freezer companies
And Chinese frozen ready meal stocks.
Even after a 12 000 mile transportation
It's got to mature somewhere. The longer the trip, the more you can sell it for lol
There are two cows inside you. Huawei owns both of them
Do they have touch screens?
the cow analogy was real after all this time
communism is when huawei takes both cows
fed the cows the libertarianism
Moolei will tell you that Argentina refuses to business with China while China keeps its entire beef industry afloat
Better than feeding them chicken dung.
Somewhere in Argentina a Milei voter is frothing at the mouth about China demasculating Argentina by depriving them of steak
you can use google/yandex to translate news articles pretty easily, just fyi
This is hilarious btw, thank you
You’re welcome. Huawei is your one stop shop for 5G or Steak!
Remember when an argentinian peso was worth like 200 chilean pesos and now the chilean peso is worth more than the argentinian peso
Chile Campeón
Resurrect Allende and we will have 200 argentinian pesos be equal to one chilean peso in half a year
Don't resurrect Allende and we will have the same thing but it'll take more time
Tulip mania but it's burgers
Schmeat speculation
burger bettin'
patty prospecting
beef beliefs??
New Huawei phones are gonna be shipped with a serving of medium rare steak.
But hey, good vibes. Right?
first phone ever made with a case made of jerky
Smoke(d jerky) signals.
This is what you get for bastardizing libertarianism, you are dependent on communism
this is so fucking funny actually, capitalism is absolute nonsense
read david graeber on crack once
I feel like if there's one thing that's gonna make Argentinians take to the streets in a mass uprising to depose Milei, it'll be when the domestic beef supply dries up because all of it is being exported.
I honestly think if Argentina had lost the World Cup, there would be riots.
Beeflation
Pretty good opportunity imo