March 1, 2025 (EIRNS)—Since Feb. 14, when a cryptocurrency scam—$LIBRA—blew up in his face and engulfed his government in an international scandal, Argentina President Javier Milei has shown increasing signs of mental instability while desperately trying to distract Argentines’ attention away from the magnitude of what he has done. On the evening of Feb. 14, he sent a message on social media promoting the $LIBRA crypto token, whose price quickly rose before crashing, causing losses of $250 million for investors while those who bailed out early raked in huge profits. Far from being an innocent bystander as he claimed, Milei was in on the scam early—dating back to mid-2024 if not earlier—as was his sister Karina, the Secretary General of the Presidency.
The role in this scam of a sordid group of crypto experts, both American and Argentine, has also come to light, revealed in a lengthy New York Times article published late on Feb. 28 which has rocked the country with its wealth of detail. Among other things, it revealed that Milei’s involvement in failed crypto projects dated back to 2022; that huge sums of money were involved in selling access to Milei in mid-2024, and that his sister Karina was confirmed accepting bribes from international investors to “sell” access to her brother. All this while Argentines suffer the ravages of Milei’s vicious austerity program which has dismantled the state, thrown 45,000 state workers out of jobs, gouged retirees’ pensions and increased the poverty rate to 53.9%.
