On a personal note, I want to be a good sport. Congratulations to all who are fully engaged in Bitcoin $BTC and other coins and see them as the bottom layer of the world's future monetary systems. I believe there is a chance for this to occur, with Bitcoin becoming an important store of wealth. My generation, Biden's generation (he belongs to the older "Post WW1 War" generation), and Gen Xers have been at the helm for the Great U.S. Debt Disaster. We've are responsible for loading debt upon debt upon Gen M and Gen Z. There is something revolutionary going on with crypto that the old Gold bulls cannot fathom. But you younger investors understand it -- and hopefully crypto can bail out the system, or at least generate incredible wealth for you. So, my ode to you is here.
Laser to your heart's delight. You deserve it.
This is why India will NOT replace China as the world's manufacturing superpower 👇
India 🇮🇳 share of global manufacturing has remained unchanged for two decades, hovering around 3%.
China 🇨🇳 on the other hand went from 7% global share in 2000 to now 33% in 2023!
But there are three X factors on why China remains the top manufacturer...quality, efficiency, and logistics. Just take a look at Foxconn (producer of iPhones) and their recent experience building new iPhone factories in 🇮🇳
Foxconn has been investing heavily in its iPhone factory in Sunguvarchatram. But with the factory’s higher material costs and a greater percentage of defective phones, the company has struggled to replicate the cutthroat efficiency it is known for.
As a result, the iPhones produced by Foxconn in Sunguvarchatram have always been less profitable than those made in China.
Source: https://t.co/rX3sIZdBlB
China isn't the cheapest place to manufacture! Wages have increased 7 fold over the past two decades, but China has also grown from a country known for producing cheap products to a powerhouse who can produce high end products in the most efficient manner possible. This is the China advantage.
Full breakdown of Chinese and India manufacturing 👇
https://t.co/VDDMKNaoE5
#currencies : if CASH is king, the question is in what currency and at which interest rates ?
YTD the LKR Sri Lanka rupee is the BEST performing currency globally against the USA dollar as the country of sri Lanka is on the path of economic recovery. t…https://t.co/zJRMsWUxj9