USD crisis imminent in the new Trump administration!!??

Definitely. Because such a person is now going to don the office who shouldn't be there in many peoples' views. So the decision that he takes are certainly going to be interesting. And the repercussions of these decisions will be a matter of observation. And yes, you too have a good time

@LindaOHio Welcome

@abhi_bangal Thank you very much.

@abhi_bangal It is difficult to say as sometimes International Geo Political and Economic conditions change so rapidly.

It's quite easy for key banks to mitigate a few things. And I'll not be surprised to see if I call that manipulation. Definitely they can carry out transactions and there might not be any changes in the USD. Comparatively easier for central banks. Sure a few things would get that uncompetitive simply because the USD rate. But it remains to be seen how much impact there will be as forecasted by Peter Schiff.

Oh you mean electing Trump? I'm not getting you. You are talking about Mr. Donald Trump not being elected in a fair manner?

Certainly. A few changes are expected. But to what impact, that's the question.

When you are talking about the energy prices being brought down, are you referring to the fuel prices as well? Because that is also one kind of energy. But what I am assuming here is the solar and wind energy. If the prices of the current energy sources where to come down it would be possible by having alternate sources. I have heard that Apple has gone 100% green and that's not today but a couple of years or more before. The dependency on traditional fuel sources will also come down, thereby bringing down the energy bills. Also it is the responsibility of every citizen, be him from any country, to contribute to the growth of their nation.

@abhi_bangal Yes. Gas for the car is also a very big part of this. As for alternate sources of energy, they simply are not efficient enough sources and cost more to make and operate than they save in terms of energy produced. If Apple is saying they are 100% green they are lying. Their computers and phones are made from plastic and plastic is made from oil. Unless oil is suddenly green. lol

If I am not wrong the Rupee currency has been accepted by a couple of countries and we have had trade in Rupees also. But I am not able to recall the name of those two countries with whom we have a deal. But one thing is certain that a few countries have started using their own currency for trading instead of depending on the US dollar. This is likely to impact the US economy, the US dollar rate, and also the overall global economy if these things do continue for some more time to come. I hope in hearing for quite a few months now that the unemployment rate in the US is increasing. At times I wonder the image that I had been seeing of The United States of America, it was kind of fairy tale picture for me when I was a child. But now the things that we are discussing, shows me that it's just like any other country. And they are also the way we are. What's the big deal?

@abhi_bangal India has tried Rupee transaction Models with Russia, Iran and a few more countries. However, results are still far from satisfactory and US Dollar still dominates. BRICS countries have planned an alternate system which could be a good competitor though.

Yes, doomsday, but in economy. And let's not take the meaning of doomsday too literally. No one thought something like corona/covid would come one day and bring the entire world to a standstill. When it comes to economy, always expect the unexpected. So, we keep ourselves prepared for the dangers, challenges, and crisis to come.