He is the founder and current president of minor right-wing populist political party True Montenegro.

Milačić completed elementary and secondary school in Podgorica, graduated and obtained a master's degree in journalism at the Faculty of Political Sciences of the University of Montenegro.

[1] Milačić worked for the Montenegrin national public service (RTCG) as a reporter and news presenter for several years.

[2] Through the years he maintained cooperation with a number of populist politicians and activists, such as Croatian Human Shield founders Ivan Pernar and Ivan Vilibor Sinčić, Bosnian conceptual artist Damir Nikšić and Serbian-Canadian film director and right-wing political activist Boris Malagurski.

He decided to enter political life in 2016 by joining the newly founded Mladen Bojanić's Resistance to Hopelessness (OB), an anti-establishment and anti-NATO political movement, and become member of Democratic Front (DF) electoral list for 2016 parliamentary election, but failed to enter the Parliament.