India’s rupee broke, plunging and I mean plunging Friday to a new record low and once again embarrassing the country’s central …
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🛑FAKE NEWS – U LOOK AT CRYPTO CURRENCY🛑
Are u an Economist ????
🛑🛑🛑🛑?????
Bro graduated economics from Mcdonalds
With trade with different countries in local currency, $ importance is falling every passing day. This aspect is often ignored by many.
https://youtu.be/kzDCiTjCzeI?si=GS9bM5IGFtYLSUb8
You can wipe with Ruppee and save on toilet paper.
india will suffer more than the US. when foods are gone (systimically) the value of indian gold is zero. ppl dont eat gold. they will worship WEF.
Morons, it helps export – indian manufacturers have to change the mindset of little work, not paying taxes, and large unaccounted profit. … jump into the world market – compete with china – this is the only way out in export
What!! Nothing happened !!
Can you ffs stop using Taj Mahal as background representation of the Indian nation, Bharat. Taj Mahal was built by an invader who killed literally millions of Indians.
India's basic problem is No data or Lies, when it comes to estimating and sharing economic data. Everything in the BJP govt is based on lies. The PM is a high school dropout and lies about his educational record – a liar ruling a country of liars.
Indians are planning to make digital gold as the new currency of their country, its a smart decision
Inr should be 120 to a $
What is this delusion. India's economy is at its all time best. We are just buying a lot of gold. Hence the depreciation in currency. Don't you worry about it.
I guess they can start throwing their currency at each other during festivals instead of…
…
…
…that other stuff 💩 💩 💩
This clown have no idea about India. Indian house holds and Indian woman own probably half of the world's gold. We do not need any lectures from western clowns. Domestic economy is doing fine. There are no price increases. A depreciating currency is good for Indian exports.
If more countries stop trading in dollars, it is good for their currency stability
All that "IZZAT" gotta 'em
Yeah a massive collapse of 3 ruppees .
India barely hanging by a thread thanks to Trump's 50% Tarrifs because of Indias war mongering leaders.
USA Pentagon CIA policies INVESTING in Jihad terrorism factory through funding supporting and WEAPONISING JIHADI ARMY'S organisation in Pakistan airbase and military.
𝙵𝚊𝚕𝚕𝚒𝚗𝚐 𝚛𝚞𝚙𝚎𝚎 𝚠𝚒𝚝𝚑 𝙸𝚗𝚍𝚒𝚊𝚗𝚜 𝚙𝚛𝚘𝚟𝚒𝚍𝚒𝚗𝚐 𝚟𝚊𝚕𝚞𝚎. 𝙰 𝚝𝚞𝚕𝚒𝚙 𝚛𝚎𝚟𝚘𝚕𝚞𝚝𝚒𝚘𝚗 𝚏𝚘𝚛 𝙰𝚖𝚎𝚛𝚒𝚌𝚊𝚗 𝚞𝚗𝚐𝚛𝚘𝚞𝚗𝚍𝚎𝚍 𝚢𝚊𝚙𝚙𝚎𝚛𝚜 𝚒𝚜 𝚌𝚘𝚖𝚒𝚗𝚐 𝚜𝚘𝚘𝚗. 𝙳𝚘𝚗'𝚝 𝚋𝚎 𝚜𝚞𝚛𝚙𝚛𝚒𝚜𝚎𝚍 𝚒𝚏 𝙴𝚞𝚛𝚘 𝚍𝚒𝚟𝚘𝚛𝚌𝚎𝚜 𝚒𝚝𝚜𝚎𝚕𝚏 𝚊𝚜 𝚊 𝚛𝚎𝚜𝚞𝚕𝚝.
𝙻𝚘𝚘𝚔 𝚠𝚑𝚘'𝚜 𝚝𝚊𝚕𝚔𝚒𝚗𝚐 𝚊𝚋𝚘𝚞𝚝 𝚏𝚞𝚗𝚍𝚊𝚖𝚎𝚗𝚝𝚊𝚕𝚜. 𝙰 𝚢𝚊𝚙𝚙𝚒𝚗𝚐 𝚢𝚊𝚗𝚔𝚎𝚎.
Bro you are a paid bster
He took money from anti india movements.
He is paid to say this shit. We need resources verification on youtube as well.
India’s currency weakness is due to its weak balance of payments. Its a net importer. If that changes, and with inflation below 1% i see that rupee will easily appreciate 5-10% per year
Modi 😂
Plunged or reset?! Reset as part of the tariff “deal” and oil sanction threat. i.e. expect a flood of “Made in India” goods to further undermine our American economy.
It's NEVER speculation, says the speculator.
😂 what a pity this guy is living in dululu 😂
Indian rupees isn't tied to US dollar anymore.Anyway US Dollar is on death bed, death is soon.
Moron. 70 percent of americans live pay check to pay check 😂😂😂
Gold is Silk road currency and one step away from complete crash to zero when synthetic gold gets created by AI.
One of the few sensible people on the internet left
Fuck around [with the petrodollar] find out
Everyone went down due to US federal reserve increased interest rate, to keep dollar strong, so other economies suffer.
So de dollarization is required
Indian currency becomes a confetti money.
Govt should reduce lrs limit for 250k$ that helps rich indians take money out hurting the middle class and poor lethaly
There is a lot of "holy sh*t" theatrics by this guy. Obviously, a typical clickbait ploy. India has problems, but this "scary" fluctuation against the USD is not really one of them. Simply put, it does not mean there are structural economic concerns. The Indian economy has been steadily growing for the last decade and continues to grow upwards of 6%. No other major economy has that kind of growth. The recent divergence between DXY and the USDINR is due to Trump tariffs and subsequent FII capital drain from India. Also, RBI has been short-dollar using forward contracts that are being slowly unwound. That means, RBI has to sell USD in the spot market to stabilize the Rupee, but has to buy the USD back as the short forward contracts expire. This gives the USDINR a boost.
It's a travesty, this global monetary system. The US is the largest debtor nation. At 37 trillion dollars of national debt and counting, and an annual fiscal deficit of $2 trillion and climbing, the USD should not be valued this high. This is not what the Trump Whitehouse wants. The US wants to devalue the USD to bring back at least some of the lost manufacturing base, make exports cheaper. Higher interest rates from here mean that the "interest expense" alone will cross $1 trillion annually. That's more than the annual defense budget. The current economic divide between the haves and the have-nots cannot be sustained if this story continues. It is the top 20% that sustains this consumer economy. This casino AI-hyped stock market has brought extraordinary windfalls for those invested in the stock market. But most ordinary Americans struggle. Recently, there was a scary statistic that claimed 7.5 million households are on the verge of eviction from their rental homes. I think close to 62% of the retirees have less than $2000 in savings. The Americans have gotten used to having a comfortable social safety net, welfare benefits, and Medicare/Medicaid, etc. But USD's reserve currency status, loss of manufacturing jobs, needless wars, moronic political leadership with every politician having his or her own pet project to splurge tax dollars, incredible financial profligacy… all these have led this mighty nation to an unfathomable cataclysmic abyss. Most Americans have no idea. They go on spending their last dollars in the hope that they will be bailed out by the government when sh*t hits the fan. And why not? If big banks and auto companies could be bailed out by tax dollars for their reckless risk-taking, people ask, why shouldn't we be bailed out? There is moral hazard in every inch of this so-called "capitalist" economy. This is actually a hybrid of socialism and crony capitalism at best.
The point I am making is that these Western YouTubers should stop getting so hyper-dramatic about India or China or their currencies. At the end of the day, it is their right to do what they want. But I hope they focus on waking up their own people in the Western world. Indians and Chinese have seen extreme poverty and government screwups for a long time. They have survived with very few expectations. But both countries have risen in recent times from that economic abyss due to various historical reasons, and their people are doing better despite the fact that a large population still faces poverty and hunger. Americans, on the other hand, have not experienced such problems. After the 1929 depression, America has grown steadily and rapidly, at times. People here experienced the "Age of Abundance" in the 90s, and neither the 9/11 terror attacks nor the tech bubble in the 2000s dented the expectations of an "American Dream" for ordinary Americans. Of course, the 2008 GFC was the first real challenge for Americans that shook this society. But then the Fed stepped in and provided a historic backstop and printed money in what became known as "Quantitative Easing (QE)." The federal government offered major bailout packages (TARP, etc.) that essentially bailed out investment banks, insurance companies, automotive companies, etc. It was called "privatization of profits and socialization of losses." Instead of the system undergoing a cathartic cleansing, the artificial money creation simply brushed all the 20 years of extraordinary and excessive risk-taking under the carpet. As the cliche goes: "kick the can down the road." They did that because the US felt it could. The reserve currency status and control over international trade and commerce, where the currency of transaction is the USD, give this currency the upper hand in the global hierarchy. The global debt market is dominated by the USD-denominated debt. It's the most liquid market. Also, the Euro-dollar market is huge, and most global companies around the world tap into this market to avail dollar-denominated loans. All these factors have helped the US to maintain financial hegemony. The US can weaponize the US debt, USD, and the monetary transaction systems like SWIFT. All these things give the US a false sense of superiority and dominance while it is ripping apart the social fabric. It is creating massive economic, social, and cultural shifts that are playing out beneath the surface. One only hopes for the sake of Americans and the stability of the global economy that the US finds a solution through an honest introspection.
In conclusion, I feel a country like Italy, with 135% debt-to-GDP, 0.7% economic growth, low fertility rates, and all kinds of social tensions with rising conflicts between the natives and the intransigent migrant population, still enjoys a low cost of capital. The 10-year yield is 3.4%! Most keen observers have opined that Europe is a colossal failure with huge challenges. I remember the geopolitical thinker Martin Jacques once said this about Europe: "Europe is sleepwalking into oblivion." It was obviously a reference to the bloated complacency of European leaders and their myopic worldview that ignores the global powershift to Asia. Europe rose in power and prestige on the back of a sustained colonial loot. While it oppressed non-European societies, it gave its freethinkers the luxury of engaging in serious knowledge production, which paved the way for the scientific revolution, new productive technologies, and bigger trade and commerce. Anyway, coming back to Italy and many other European countries, despite their dismal growth prospects and debt burdens, they still enjoy a powerful currency and low cost of capital. Compare this to India, a nation of 1.4 billion people: 82% debt-to-GDP, 6.5% growth, a massive young population, and yet a 10-year yield of 6.5%, a 300 basis points higher cost of capital than Italy. This is a farce, regardless of how one tries to rationalize this. The Indian government should be able to borrow at competitive rates compared to these growthless economies with not much prospect. This clearly shows that the global monetary system runs on past glories and not the present realities of the world. It's a joke that India is not even a member of the UNSC, whatever maybe the politics (I know China is the thorn here).