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 41 comments
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[–] Adkml@hexbear.net 105 points 5 months ago (4 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 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 (1 children)

with a week long shelf life

Loud laughing in supermarket language

[–] aaro@hexbear.net 22 points 5 months ago (1 children)

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 (1 children)

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 (1 children)

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 (2 children)

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 (2 children)

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 (1 children)

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 (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 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 (1 children)

Tulip mania but it's burgers

[–] CoolerOpposide@hexbear.net 28 points 5 months ago (1 children)
[–] 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 (1 children)

Huawei is about to start paying its argentinian workers in beef

[–] LaughingLion@hexbear.net 10 points 5 months ago (1 children)
[–] HelltakerHomosexual@hexbear.net 13 points 5 months 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 13 points 5 months ago (1 children)

yeah thats thursday for me

[–] HelltakerHomosexual@hexbear.net 6 points 5 months ago (1 children)

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 (1 children)

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

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

[–] 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.

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

Pretty good opportunity imo