@connectgurmeet People like you should be ashamed of yourself as you kept supporting the current government wrong economic policies and now wondering what happened 🤔
'Advocate' Shri Arvind Kejriwal Leaves Delhi HC after exposing the Judicial Scam Happening in the Heart of the Capital of the Country. 🔥💯
This Historic Day will always be remembered in the History of Political and Judicial India. 🫡🔥
KUDOS 🔥💯🔥
Listen to 20 minutes of Former Finance Minister P Chidambaram speaking on Budget and unravelling and exposing it with unparalleled expertise and intellect.
All BJP MPs were clueless, not one of them can remotely speak like this.
Must watch
Indians are now so badly brainwashed by state propaganda that they have lost the ability to even measure reality and basic facts
The economy is dead, but they are convinced that India is growing like never before
All the cities have become complete shit hole, but they are convinced that cities are now better than any Europe
Every government scheme has failed, but they are convinced that government is delivering better than ever before
India’s diplomacy has hit rock bottom and stands completely isolated, but are convinced that India is now Vishwaguru …
And when you show them facts that cannot be denied, they will blame it on foreign propaganda and interference
Indians were always low IQ, but this extent of absurdity as a pandemic is new
🚨 CNN LIE EXPOSED: Abby Phillip claims illegal border entry is just a civil offense, NOT criminal.
WRONG! 8 U.S.C. § 1325 makes it a CRIMINAL misdemeanor (up to 6 months jail + fines).
Repeats? Felony!
Abby Phillip is dumb AF.
𝗣𝗮𝘁𝗶𝗲𝗻𝘁 𝗗𝗼𝗺𝗲𝘀𝘁𝗶𝗰 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 must be 𝗥𝗲𝘄𝗮𝗿𝗱𝗲𝗱, 𝗻𝗼𝘁 𝗣𝗲𝗻𝗮𝗹𝗶𝘀𝗲𝗱.
I explained in Parliament how Investment in India remains heavily taxed, and why it needs to change.
Why is INR falling?
1) Anything in the world falls because supply >> demand. While government controls the supply of INR, the demand is more free market.
2) There is more demand for US$ >> INR
3) Why is there more demand for US$? because it has more use cases
4) Consider stock investing for example. People invest in stocks to chase "growth". More growth investing options in the US.
In India, growth investing right now seems to be= collect SIP money, dump a % of it on crap IPOs, then do long-term, long-term. And, give FIIs exit.
5) People invest in the debt market for stability. US might look unstable to a noob. But, every time there is more risk in the world: people flock to Gold & stable FIAT currencies like US$ or Swiss Franc or SGD
6) People want to "trade": when you trade, the seller wants to be paid in a stable and useful currency. US$ tops the chart.
7) People want free movement of capital. A person in the US can move a 1Mn$ out easily. But, a person in India can't move 9Cr outs easily. First they have deal with incompetent banks. And, then pay crazy commissions to just move their capital
8) People want low volatility on Fx. Meaning if a Foreign Investor invests in India for 1 year, they would hope that the currency doesn't move in either direction by a lot. Else, they could simply buy BTC, if they were okay with volatility.
9) Finally, demand for a currency comes: if the source country has something useful to offer. Eg. there is demand for Chinese Renminbi b/c China is the best low cost producer for a series of useful goods: right from Diwali lights to Holi Pichkari to now EVs.
In India, the sub-set of such products is way too small.
10) In summary: if we are spending INR to push ladla-launda or Berozgaar Yuvati types schemes. We are burning INR. There is no macroeconomic gymnastics at play.
Garbage in (ladla launda, Berozgaar Yuvati, capital control, no mfg MOAT)= garbage out.
यह देखिए
तुर्की का राष्ट्रपति बेलारूस के राष्ट्रपति से मिल रहा था तब नरेंद्र मोदी टकटकी लगाकर उसकी ओर देखते रहे
जैसे ही तुर्की का राष्ट्रपति फ्री हुआ, मोदी लपककर उससे हाथ मिलाने पहुँच गए
इसी तुर्की ने ऑपरेशन सिंदूर के दौरान पाकिस्तान की मदद की थी, ड्रोन्स दिए थे
भक्तों?