The Centrality of the Debt as a Weapon of Submission.

24 October, 2025 by Indymedia Workers from Spanish

Javier Milei's far-right government arrives at the legislative elections ceding the economic control of our country to the United States and to the great international financial capital. The centrality of the External Debt as a weapon of submission is evident, they said from the Self-Convocation for Suspension of the Payment and Investigation of Debt. We reject this submission and intend to get underway in the face of the challenges we face as a people, from the territories, as a country, starting on Monday 27th.

We share the declaration of the Call:

And now what? From the IMF to Uncle Sam, JP Morgan and BlackRock...

With most people wondering how to make ends meet, we reached the October 26 election with the government ceding control of economic management to the United States, JP Morgan and its agents. We reject this submission and propose to get underway in the face of the challenges we face as a people, from the territories, as a country, starting on Monday 27.

The government opened the door to capital flight as part of the IMF's "salvatage" in April. Over the months, street fights and popular victories piled up with government parliamentary defeats, including pediatric emergency laws, care for people with disabilities and universities. He began to melt his political capital and was taking the flight of capital. The questioning was raised about the possibility of covering the next dollar debt maturities, and the certainty of the failure of Milei's economic plan. This weakening of the government continued after allegations of corruption, drug trafficking, and the electoral defeat suffered in the province of Buenos Aires.

In recent weeks, Milei and his economic team have travelled to the United States to do whatever it takes for Donald Trump, the IMF or the World Bank, in the search for dollars or at least ads. They came back with a swap of currencies (unknown terms), selling U.S. Treasury dollars directly on the local market and other backups still to be confirmed. But a new situation emerges: It is the big international financial capital visibly appearing to take the reins directly.

The most recent step was the appointment as Chancellor of Pablo Quirno, another of the JP Morgan Boys, who has been accompanying Luis Messi of Finances for years. He does so in the midst of the ostentatious porteño meeting of the main plan of that financial octopus, which arrived in 12 private jets for the occasion (meeting with Milei included). It closes an iron circle on the country's main economic and diplomatic decisions, highlighting the status of "Cologne declared" rehearsed by the Milei-Caputo duo in New York in September, and unblowingly premiered, in Washington in October. We recall that one of JP Morgan's main shareholders is the international investment fund BlackRock, also holder of Argentine debt bonds and shares in local companies in all areas.

In the middle, we suffered the scandal of the delivery on a tray of USD 1.5 billion in uncollected retentions to grain megaexporters - mostly transnational companies controlled by international investment funds - the decline of retentions to exports to Techint and mining. And countless announcements, intended to generate a smokescreen on public opinion, mixing promises with lies, on cheap loans, an investment rain - to ensure the plundering of lithium, uranium, hydrocarbons, rare earths and various minerals, privatizations of AySA, Nucleoelectric, sale of land, water and energy for data centers, and the list goes on. They are attempts to saturate public opinion to excite the troops of their own and confuse todes. Meanwhile, the repressive policy on the rise continues. The commitment of military and security cooperation with the U.S. takes flight with joint exercises (authorized by DNU).

It's the Debt...

What is evident is the centrality of the Debt as a weapon of submission. The Debt that gets excited to promise that it will be paid if we adjust, privatize and strip us. The Debt that has been illegitimate and hateful, a real scam. Without any government, no Congress, or the judiciary, deigned to do what is really necessary and urgent: suspending its payment, investigating and punishing those responsible, demanding reparation for the crimes committed. It is the path we set out with the judgment in the People's Judgment to Debt and the IMF (2020) and that have traveled other countries in our Americas, Africa and Asia.

From the Autocall for Suspension of the Payment and Investigation of Debt, we repudiated this delivery and this new situation of direct submission to the United States and international finances, and call for redoubled popular efforts to denounce and resist the payment of our own enslavement.

We call for the new Congress to assume its constitutional mandate to manage the nation's credit, rejecting the new announced debts, recognizing the fraudulent nature of what they already demand of and annulling their payment.

Twenty years after the defeat of the then most ambitious project of U.S. imperialism, the Free Trade Agreement of the Americas (FTAA), and in the face of the current uprising of other brotherly peoples against these same policies, we call for joining forces in our country and throughout the region. We need it to shake up the financial, corporate, extractivist and military power that looms over nosotres and strengthen our capacity for struggle, hope and collective construction.

Call for Suspension of Payment and Debt Investigation

Argentina, October 24, 2025