The issue here is that this president, our President Trump, has decided to help out the president of Argentina out of his predicament. What is his predicament? The Argentinian peso is dropping. It's being devalued because no one believes that the Argentine government can actually pay their bills. and nobody wants to continue to take out debt to pay for those bills. So every time they float bonds in the open market, no one really is buying this Argentinian bonds. (00:52–01:04)
CLAIM
Asserts that the Argentinian peso is devaluing due to lack of confidence in the government's ability to pay debts.
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