this post was submitted on 12 Jun 2024
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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 33 comments
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[–] Adkml@hexbear.net 93 points 1 year ago (3 children)

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 61 points 1 year 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

[–] HamManBad@hexbear.net 36 points 1 year ago

Good time to invest in South American freezer companies

[–] mayo_cider@hexbear.net 29 points 1 year ago

Even after a 12 000 mile transportation

[–] newmou@hexbear.net 61 points 1 year ago (1 children)

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

[–] CoolerOpposide@hexbear.net 36 points 1 year ago

Do they have touch screens?

[–] coeliacmccarthy@hexbear.net 50 points 1 year ago (2 children)

fed the cows the libertarianism

[–] CoolerOpposide@hexbear.net 42 points 1 year 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 1 year ago

Better than feeding them chicken dung.

[–] buh@hexbear.net 39 points 1 year ago

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

[–] EllenKelly@hexbear.net 36 points 1 year ago (1 children)

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

This is hilarious btw, thank you

[–] CoolerOpposide@hexbear.net 29 points 1 year ago

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

[–] Alaskaball@hexbear.net 35 points 1 year ago (1 children)

Tulip mania but it's burgers

[–] CoolerOpposide@hexbear.net 25 points 1 year ago (1 children)
[–] aaro@hexbear.net 12 points 1 year ago

burger bettin'

patty prospecting

beef beliefs??

[–] DivineChaos100@hexbear.net 32 points 1 year ago

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

[–] Cherufe@hexbear.net 32 points 1 year ago (1 children)

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 16 points 1 year 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

[–] DragonBallZinn@hexbear.net 22 points 1 year ago

But hey, good vibes. Right?

[–] Coolkidbozzy@hexbear.net 20 points 1 year ago (1 children)

Huawei is about to start paying its argentinian workers in beef

[–] LaughingLion@hexbear.net 9 points 1 year ago (1 children)
[–] HelltakerHomosexual@hexbear.net 11 points 1 year ago (1 children)

monkeys paw curls

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

[–] LaughingLion@hexbear.net 11 points 1 year ago (1 children)

yeah thats thursday for me

[–] HelltakerHomosexual@hexbear.net 6 points 1 year ago (1 children)

damn thats a difficult workday

[–] LaughingLion@hexbear.net 12 points 1 year 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

[–] mayo_cider@hexbear.net 20 points 1 year ago

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

[–] Des@hexbear.net 20 points 1 year ago

first phone ever made with a case made of jerky

[–] HelltakerHomosexual@hexbear.net 19 points 1 year ago

this is so fucking funny actually, capitalism is absolute nonsense

[–] Fishroot@hexbear.net 14 points 1 year ago* (last edited 1 year ago)

read david graeber on crack once

[–] anarchoilluminati@hexbear.net 8 points 1 year ago

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

[–] GrouchyGrouse@hexbear.net 7 points 1 year ago
[–] ReadFanon@hexbear.net 7 points 1 year 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.

[–] coolusername@lemmy.ml 3 points 1 year ago

Pretty good opportunity imo