179
submitted 5 months ago* (last edited 5 months ago) by CoolerOpposide@hexbear.net to c/news@hexbear.net

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

top 41 comments
sorted by: hot top controversial new old
[-] Adkml@hexbear.net 105 points 5 months ago

Always a good sign when a perishable good with a week long shelf life is a more stable investment than your national currency.

[-] CoolerOpposide@hexbear.net 73 points 5 months ago

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

[-] PolandIsAStateOfMind@lemmygrad.ml 44 points 5 months ago

with a week long shelf life

Loud laughing in supermarket language

[-] aaro@hexbear.net 22 points 5 months ago

I saw "supermarket" and tried to parse it like "superstructure" or "superprofits"

does this mean i'm not a lib?

[-] HelltakerHomosexual@hexbear.net 9 points 5 months ago

no you are posting and thus a lib

[-] HamManBad@hexbear.net 43 points 5 months ago

Good time to invest in South American freezer companies

[-] redtea@lemmygrad.ml 1 points 5 months ago

And Chinese frozen ready meal stocks.

[-] mayo_cider@hexbear.net 34 points 5 months ago

Even after a 12 000 mile transportation

[-] redtea@lemmygrad.ml 2 points 5 months ago

It's got to mature somewhere. The longer the trip, the more you can sell it for lol

[-] newmou@hexbear.net 71 points 5 months ago

There are two cows inside you. Huawei owns both of them

[-] CoolerOpposide@hexbear.net 39 points 5 months ago

Do they have touch screens?

[-] bennieandthez@lemmygrad.ml 31 points 5 months ago

the cow analogy was real after all this time

[-] bennieandthez@lemmygrad.ml 53 points 5 months ago

communism is when huawei takes both cows

[-] coeliacmccarthy@hexbear.net 50 points 5 months ago

fed the cows the libertarianism

[-] CoolerOpposide@hexbear.net 42 points 5 months ago

Moolei will tell you that Argentina refuses to business with China while China keeps its entire beef industry afloat

[-] Beetle_O_Rourke@hexbear.net 15 points 5 months ago

Better than feeding them chicken dung.

[-] buh@hexbear.net 48 points 5 months ago

Somewhere in Argentina a Milei voter is frothing at the mouth about China demasculating Argentina by depriving them of steak

[-] EllenKelly@hexbear.net 40 points 5 months ago

you can use google/yandex to translate news articles pretty easily, just fyi

This is hilarious btw, thank you

[-] CoolerOpposide@hexbear.net 34 points 5 months ago

You’re welcome. Huawei is your one stop shop for 5G or Steak!

[-] Cherufe@hexbear.net 38 points 5 months ago

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

[-] imikoy@hexbear.net 21 points 5 months ago

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

[-] Alaskaball@hexbear.net 38 points 5 months ago

Tulip mania but it's burgers

[-] CoolerOpposide@hexbear.net 28 points 5 months ago
[-] aaro@hexbear.net 14 points 5 months ago

burger bettin'

patty prospecting

beef beliefs??

[-] DivineChaos100@hexbear.net 32 points 5 months ago

New Huawei phones are gonna be shipped with a serving of medium rare steak.

[-] DragonBallZinn@hexbear.net 25 points 5 months ago

But hey, good vibes. Right?

[-] Coolkidbozzy@hexbear.net 25 points 5 months ago

Huawei is about to start paying its argentinian workers in beef

[-] LaughingLion@hexbear.net 10 points 5 months ago
[-] HelltakerHomosexual@hexbear.net 13 points 5 months ago

monkeys paw curls

you must now carry home a comically large stack of raw beef home every other thursday in traffic

[-] LaughingLion@hexbear.net 13 points 5 months ago

yeah thats thursday for me

[-] HelltakerHomosexual@hexbear.net 6 points 5 months ago

damn thats a difficult workday

[-] LaughingLion@hexbear.net 16 points 5 months ago

if you know an easier way to get colon cancer and heat stroke at the same time then enlightenment me otherwise i think my method is pretty efficient

[-] Des@hexbear.net 24 points 5 months ago

first phone ever made with a case made of jerky

[-] redtea@lemmygrad.ml 2 points 5 months ago

Smoke(d jerky) signals.

[-] HelltakerHomosexual@hexbear.net 24 points 5 months ago

this is so fucking funny actually, capitalism is absolute nonsense

[-] mayo_cider@hexbear.net 24 points 5 months ago

This is what you get for bastardizing libertarianism, you are dependent on communism

[-] Fishroot@hexbear.net 16 points 5 months ago* (last edited 5 months ago)

read david graeber on crack once

[-] GrouchyGrouse@hexbear.net 9 points 5 months ago
[-] ReadFanon@hexbear.net 9 points 5 months ago

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.

[-] anarchoilluminati@hexbear.net 9 points 5 months ago

I honestly think if Argentina had lost the World Cup, there would be riots.

[-] coolusername@lemmy.ml 3 points 5 months ago

Pretty good opportunity imo

this post was submitted on 12 Jun 2024
179 points (100.0% liked)

news

23574 readers
804 users here now

Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.

Rules:

-- PLEASE KEEP POST TITLES INFORMATIVE --

-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --

-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --

-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today . Twitter screenshots still need to be sourced or they will be removed --

-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--

-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--

-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --

-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --

founded 4 years ago
MODERATORS