Comments by "LoC28C" (@LoC28C) on "Mint" channel.

  1. ⁠@vishnuprasadreddyeng Regardless of which currency is dominating. I think the world is moving towards a multi currency economy rather than only having the US Dollar dominating world trade. This will be a good thing for the world economy. Why would I say that ? 1. With a multi currency economy around the world the prices of commodities can be priced in different currencies and this will then stabilize the prices of commodities and finished goods. 2. Without the US Dollar Domination of the world, the whole world don’t have to be forced to import the inflation that is being caused by the falling US Dollar Value. 3. When the world moves away from pricing everything in US Dollars then pricing of goods and commodities around the world would be more stable and we will not face so much unforeseen inflation due to the excessive printing of the US Dollars. 4. When the US Dollar is no longer the Reserve currency of the world it will stop the USA from creating and fighting wars around the world by just printing US Dollars and we the people outside of the USA have to pay for these wars that they fight against us.
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  2. ⁠@ppen8359 I know that most Indians would like to think that India is a Dominant World Power especially economically but sad to break the truth to you, Indian Rupee is not that powerful at the moment to affect major shifts in the world economy.
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  3. ⁠@robotop907 It doesn’t matter what unstable currency is running the world economy, it will not be any worse than the US Dollar as the value of the US Dollar is depreciating by the minute and the workers of the world will have to pay for this diminishing value as long as we are not in the USA. If the world runs on multi-currencies then the workers around the world including that of the USA don’t have to pay the diminishing value of the US Dollar any more, we will then just transfer this problem back to the USA and let the USA solve the problem with the US Dollar.
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  4. I totally agree with you.
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  5. ⁠@ppen8359 the Russian Foreign Reserve was just confiscated by the USA and their allies to purchase weapons to be sent to Ukraine. Can you imagine you put all your money in the bank and because the bank manager doesn’t like you they just take all your money and give it to your enemy to fight you? It’s criminal ! ! !
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