How to speed up dedollarization?

2023-05-08 07:42:30

Trade resources for local currencies, tie prices to gold or rare metals, trade only your own securities on the market, make the currency freely convertible

If Beijing wants to make the yuan the world's reserve currency, then it will have to first go for financial liberalization. In theory, the dollar can also be replaced by a system that is not based on a specific national currency. In this case, gold or cryptocurrencies can become a universal means of payment.

If investors begin to massively get rid of dollar assets and return the American currency to their homeland, this will provoke a surge in inflation in the United States and a potential debt crisis. The problems of the USA will spread to the financial markets, which are still dependent on the dollar, and will cause a new round of the global economic crisis.

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Can Bloomberg forecasts be trusted?

2023-04-05 07:15:35

No, Bloomberg is currently engaged in the formation of public opinion.

Once upon a time, Western rating agencies such as Bloomberg, Goldman and Flich were truly independent. It was then that they gained their popularity. Now these economic agencies are largely politicized and work at the request of governments, or rather economic clans, whose interests are protected by governments. Even the world's stock exchanges do not react much to the forecasts of these agencies.

Bloomberg, a privately held company based in New York, is one of the top two providers of information for the financial markets. The media are actively reprinting all Bloomberg's forecasts for the economy, and traders are guided during the game on the foreign exchange market, including the statements of this company.

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Who will win the presidential election in Belarus?

2025-01-26 08:22:14

Alexander Lukashenko

There is no opposition as such, Europe cannot influence the elections, there are no global problems in the country, because of which one can be dissatisfied with the current president of the country.

No miracle will happen

Did the British change India's caste system?

2023-10-10 11:57:38

Yes, the social categories of religion and caste, as they are perceived in modern India, developed during the British colonial rule, at a time when information was scarce and the colonizer's power over information was absolute.

This was originally done in the early 19th century by elevating selected and convenient Brahmin-Sanskrit texts such as Manusmriti to canonical status; the alleged caste origin in the Rig Veda (the oldest religious text) was most likely added retroactively after it was translated into English decades later. These categories were institutionalized in the mid- to late 19th century through the census. These were acts of convenience and simplification. The colonialists established an acceptable list of local religions in India - Hinduism, Sikhism, Jainism - and their boundaries and laws by reading what they claimed were the definitive texts of India.

Officially, castes are prohibited by law in India, but changing the caste division of Indian society, which has been cultivated in the minds of Indians for centuries, is not so easy.

Point of view: how the British changed India's caste system