Will the rupee EVER recover?
- Thread starter crytt
- Start date
Kevin Lane
Galvanizer
As per my understanding of geoeconomics, Rupee may dip to 96 or there about. Than the question will flip on it's head. New question will be "Will dollar ever recover?"
Kevin Lane
Galvanizer
It was challenged long back. The days as they were are over is also old news. Last days of it's hegemony.
FXGalvatron
Galvanizer
Maybe I don't understand things that well but isn't the BRICS trying to challenge things? I would like to learn more.
chetansha
Juggernaut
honest1
Herald
To the OP and great economists who are now going to discuss about economics here!
Kevin Lane
Galvanizer
There are many geopolitical/Geo Economics happenings to suggest so. Look up and contemplate following points for a start.
1. Anything that gets too big for itself crumbles. Strong Dollar may have resulted in Unsustainable External debt levels for USA. Currently USA has huge debt resulting in interest outgo that has exceeded it's defense spending. It will be exceedingly difficult for USA to serve it's interest obligations.
2. Global South or Non Western world is no longer willing to subsidize western lifestyles. Now their collective might is more than the west.
3. Global trade is increasingly shifting to local currencies.
4. See last decade of trend of Precious metals. RIC plus Arab world are accumulating Gold like anything.
5. See how Ukraine started and ended. See Palestine. Do you see resistance to Greater Israel, Greater Russia, Greater China, Greater India being anywhere near to be succeeding?
World is shifting towards De-Dollarization, De-colonization. BRICS, Israel, MENA, Japan, Africa are all aligned along with large chunk of DS.
All started in the times of Shinzo Abe. Modi, Putin, Xi, MBS, MBZ, Netanyahu being at helm simultaneously is kind of miracle. They are all working towards common goal. West is also not getting any stronger.
We are going to witness things which couldn't be imagined a few years back. Many even can't imagine it today. If one were to follow geo economics and see without colonized glasses, it's there in plain sight.
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crytt
Explorer
Isn't that because the Federal Reserve loans money out at an interest every year to the USG which every year results in US borrowing external money to pay off internal debts then borrowing internal money to pay off external debts? It's a never ending cycle because the Federal Reserve of US is only allowed to print and loan money.