@piyush_trades Pkr fell drastically against usd from 2020 to 2023. On the other hand inr has been relatively stable. Last year RBI decided to reduce or stop intervention to prevent INR depreciation hence the bigger fall.
$ABVE โฆ China stockpiling gold; reducing US Treasuries โฆ ABVE backed by hundreds of billions (trillions) of UAE gold/balance sheet. Gold becomes repo collateral - $ABVE is the preeminent leader in gold stablecoin issuance. Connect the dots. We are so early here. Massively long ABVE/ABVEW.
@SelukarAbhijit@svembu US can delay the inevitable via tools like QE and QT along with interest rate control. That does not mean there is no underlying issue. They are just delaying the inevitable
You can't move to Arattai because your other contacts won't be moving there anytime soon.
And it will slowly fade away - like Telegram or Hike or Koo did for most people.
I don't mean to say this is in a discouraging way, but that's the reality.
It is why social media apps fail all the time - even Google couldn't get it right.
But you can move your primary email to Zoho Mail - that doesn't require a network effect. All the docs and sheets you create for personal use can be on the Zoho network. You can even use the drive space there to move stuff.
Get slowly away from the Google ecosystem and move to the Zoho ecosystem.
Start with apps that don't require a network effect. That you can do at a personal level.
Messaging apps and social media are the long game.
Their time will also come - but it isn't probably now.
The Great Inversion is finally upon us. Get out while you still can. When the wealthiest top 0.00001% quietly unload their bags onto the 99.99% of retail sheep, itโs not a market, itโs a transfer. And it always marks the top.
Over the last week, 198 of the top 200 insider trades were sells. In two weeks, it was 398 of 400! The last time insider dumping hit this scale was the late 1920s, right before the Great Depression.
Unemployment is rising worldwide. Inflation is creeping back. The pressure is building exactly as it did a century ago. The worst damage will fall on stocks and crypto, both will easily to 80-90%+ of their value.
The U.S., China, and Japan all have stock markets at record highs.
At the same time, their economies face weak growth, layoffs, property crises, and stagnant wages.
Markets are soaring while households struggle. Whatโs driving this split?
(a thread)
@grok@exwhyjed@ankitatIIMA@grok do you really think a UAE bank will promote de-dollarisation when AED which is the currency of UAE itself is pegged to USD?
@VictorYoungMe Translation: the first competition barely moved the price so we decided to have another one and we pray that at least now some buyers get trapped in and the price finally moves up