Well yeah, it’s becoming an increasingly unstable and unreliable investment.
gumnamaadmi on
It should rather read India offloaded USD reserves to stabilize free falling INR rate against USD.
ThatsItImOverThis on
Sweden, India, I wonder which country will do it next?
RemarkableProduce571 on
This looks less like a sudden move and more like diversification. Central banks have been increasing gold reserves for a while now.
Gulliveig on
From an investor’s perspective, that’s quite worrying.
First there’s Denmark with just $100m, Sweden with about $8b, Norway with a so far undisclosed amount, and now India.
So I’m at a point now where I must question my US investments as well, because that brings the USD down quite rapidly when compared to my home currency CHF (Swiss franc): within *a week* it went down from 0.8036 CHF/USD to 0.7803, a minus of 2.9%. [https://www.investing.com/currencies/usd-chf](https://www.investing.com/currencies/usd-chf)
That’s in a clear trend, in October 2022 for instance we paid more than 1.00 CHF/USD. In spite of this, US investments performed quite well, but -2.9% in a week raises red flags, especially when clearly being attributable to a single person.
NewHope13 on
Canary in the coal mine?
manniesalado on
Things could happen quickly if a panic selling of Yank assets hits markets. The world might demand a Mussolini type resolution.
Avoidtolls on
If US banks and investment firms arn’t squirming, there’s a far more serious problem.
In-Appropriate-gloom on
Thats a great counter move, right in the face
India not afraid of Trumps policies
DSA300 on
Fucking great, so my usd will start to be worth less and less 😭
zzptichka on
friendship-ended-meme.gif
Appearance_Better on
problem is, the U.S media isn’t reporting this and, countries dumping us bonds should be concerning.
pessimistic_dilution on
Whonis buying?
Tiny_Dare_5300 on
Good job people. Now we need more countries to follow suit. If you can help drop the dollar and scare our economy before midterms this year, it will massively increase our chances of shutting this Orange monkey down. Our dumb ass maga needs to feel the pain of their actions a bit. If possible, I’d also request you get the global economy back on the gold standard like it used to be before our previous corrupt President “temporarily” took us all off it and forgot to ever put us back on. Thank you for your attention on this matter. -A Random US Citizen
flashen on
Smart move
One_Client4409 on
Two politicians have ruined my life… Trump and Modi. Whatever they touch, turns in to coal. I hope these two reincarnate as squabbling brothers.
para29 on
BRICS is having a grand moment right now.
Okanaganwinefan on
Wait until Japan starts.
TheMerchantofPhilly on
That’s why PAKISTAN, who (checks notes) harbored Osama Bin Ladin, is on the board of peace!
inverseinternet on
Please let this Letter serve to represent that the Board of Peace is withdrawing its invitation to you regarding India’s joining, what will be, the most prestigious Board of Leaders ever assembled, at any time,
GOGETTHEMINTS on
“Piles up gold” oh yeah we got another reliable Reddit article.
modbroccoli on
These about to be some painful dominos.
goobersmooch123 on
As an American, I support this.
We can protest here and try to make our voice heard, but it will just fall on deaf ears with the current administration.
It sucks that an economic shock or depression is what it will take, and I really do not want it, but there seems to be no other way out of this dive into fascism.
23 Comments
Well yeah, it’s becoming an increasingly unstable and unreliable investment.
It should rather read India offloaded USD reserves to stabilize free falling INR rate against USD.
Sweden, India, I wonder which country will do it next?
This looks less like a sudden move and more like diversification. Central banks have been increasing gold reserves for a while now.
From an investor’s perspective, that’s quite worrying.
First there’s Denmark with just $100m, Sweden with about $8b, Norway with a so far undisclosed amount, and now India.
So I’m at a point now where I must question my US investments as well, because that brings the USD down quite rapidly when compared to my home currency CHF (Swiss franc): within *a week* it went down from 0.8036 CHF/USD to 0.7803, a minus of 2.9%. [https://www.investing.com/currencies/usd-chf](https://www.investing.com/currencies/usd-chf)
That’s in a clear trend, in October 2022 for instance we paid more than 1.00 CHF/USD. In spite of this, US investments performed quite well, but -2.9% in a week raises red flags, especially when clearly being attributable to a single person.
Canary in the coal mine?
Things could happen quickly if a panic selling of Yank assets hits markets. The world might demand a Mussolini type resolution.
If US banks and investment firms arn’t squirming, there’s a far more serious problem.
Thats a great counter move, right in the face
India not afraid of Trumps policies
Fucking great, so my usd will start to be worth less and less 😭
friendship-ended-meme.gif
problem is, the U.S media isn’t reporting this and, countries dumping us bonds should be concerning.
Whonis buying?
Good job people. Now we need more countries to follow suit. If you can help drop the dollar and scare our economy before midterms this year, it will massively increase our chances of shutting this Orange monkey down. Our dumb ass maga needs to feel the pain of their actions a bit. If possible, I’d also request you get the global economy back on the gold standard like it used to be before our previous corrupt President “temporarily” took us all off it and forgot to ever put us back on. Thank you for your attention on this matter. -A Random US Citizen
Smart move
Two politicians have ruined my life… Trump and Modi. Whatever they touch, turns in to coal. I hope these two reincarnate as squabbling brothers.
BRICS is having a grand moment right now.
Wait until Japan starts.
That’s why PAKISTAN, who (checks notes) harbored Osama Bin Ladin, is on the board of peace!
Please let this Letter serve to represent that the Board of Peace is withdrawing its invitation to you regarding India’s joining, what will be, the most prestigious Board of Leaders ever assembled, at any time,
“Piles up gold” oh yeah we got another reliable Reddit article.
These about to be some painful dominos.
As an American, I support this.
We can protest here and try to make our voice heard, but it will just fall on deaf ears with the current administration.
It sucks that an economic shock or depression is what it will take, and I really do not want it, but there seems to be no other way out of this dive into fascism.