The effects of the population’s suffering under the IMF’s monetarist diktats resulted in a surprise August 12 pre-election vote which gave Macri’s opponent Alberto Fernandez 47% of the votes (compared to a mere 33% for sitting President). Although this was only a pre-election vote, Fernandez demonstrated that he will likely become the President in the November elections. What is also notable is that Fernandez (a former Chief of Staff to Nestor Kirchner) is partnered on the Front for All ticket with his Vice-Presidential running mate Christina Fernandez de Kirchner herself. Fernandez and Kirchner promise to re-organize the unpayable IMF debts and end the age of austerity. Of course, speculators showed their disapproval of this return to a national power by collapsing the Argentina peso by 15% on August 13 and threatening more punishment if the “populist Peronists” are elected.