@balajis India don’t print to rip off other countries? Rupee is very weak, a sign of lots of printing. Also one of the highest preference countries for gold. Why is that?

@balajis You make it sound like U.S only prints money and doesn’t produce anything. While its true that production of physical goods has decreased over time, its also true that innovation and production of IT systems, primarily software services and the cloud, has increased considerably

@balajis Dollars are valuable bc India is a shithole govt that can not be trusted to not steal, respect property rights, be run by Brahmin... I mean dude have you BEEN to India?? :) As soon as the US ends KYC for BTC, India will not be able to support the Rupee.

@balajis For as much as I respect you, please tell me you don’t think we would have been better off with Kamala and the far left loonies

@balajis The “rip-off” argument fails on three key points: 1.Dollar value: The USD remains the world’s primary reserve currency - if it were worthless, countries wouldn’t actively accumulate it or peg their currencies to it. 2.Voluntary exchange: India chooses to accept dollars for

@balajis Balaji doesn't want to point out the massive ethnic nepotism networks. The Indian nepotism network is one of the big ones. There are definitely others: Jewish, Chinese, Japanese, Filipino, etc...

@balajis Not saying you're incorrect, but perhaps your explanation is incomplete. A question for you. Is the U.S., as an exporter of dollars and importer of goods, a satisfactory place for its citizens to live? Or just some of its citizens? Those of us working with our hands in the

@balajis What should we pay India in? Gold? Bitcoin? I think most aware and reasonably intelligent people can see the problems with the dollar but it’s still the best game in town for cross border deals.

@balajis @balajis would you be in this station in life without America?

@balajis Additionally, the extra dollars India receives is sent back to the US in exchange for T bills. India holds T-bills worth $227 Billion, nearly 5 times the Trade deficit. EM countries selling 10% T bills, will bring sense in the current US administration

@balajis Fake news. The U.S. does not export very much to India because of the tariffs and trade barriers. On the other hand, 10s of billions are exported from India to the U.S. It will now all be under reciprocal tariffs. Grok: The bilateral goods trade between the US and India totaled

@balajis in this relationship 🇮🇳 benefited way more than 🇺🇸 technology and skill transfer being obvious, but also a lot of remittances, h1b’s, education, etc so many Indians had the opportunity to come to the us and get rich

@balajis So there's some truth to this The part that’s not being asked is “what does India do with those $45b in printed dollars?” If they go buy US assets such as companies then who won? Wealth is assets not cash

@balajis I stopped reading somewhere near the top because the entire argument rests on the obvious fallacy that printed dollars are somehow worthless yet they can be used to buy American companies, land, gold, oil, etc. If they're used to buy trinkets and plastic junk that falls apart in

@balajis Lol. It is only a bad deal for India if those dollars couldn't buy things... things like chunks of America. My gut tells me they are not going under a mattress. It is not hard to understand Trump's plan. Manufacture vital defense related products in America. Other items are

@balajis Do you think there will come a point when countries recognize the need to rapidly reduce their USD reserves—similar to how individuals react to news of a bank collapse and rush to withdraw their funds before others do?

@balajis tweet to speech

@balajis It doesn't look like you are looking at the whole system. It is not just goods but includes USD Remittances and various second order effects of participating in a "rules based" economy vs trading with N-1 untrustworthy partners.

@balajis You are a proto-jew and don't understand why people would want to actually make things instead of just printing money.

@balajis >> telling allies to fend for themselves. Europe can fund their own battles. USA should withdraw from NATO which could have been disbanded three decades ago and is now neocon warmonger retirement facility. >> cutting off foreign aid and domestic universities. That waste

@balajis Thanks to President Trumps Tarrif tough talks, chest thumping & winning over the world. Now every educated Indian exploring more about US debt ratio against the rest of the world & learning more about it.

@balajis It’s sounds like you have problem with currency in general. Hmm, I wonder why

@balajis Great pov but I do think the dollar is stronger than you posit and will hold value for longer than you think (the printer notwithstanding).

@balajis Simple argument an American would make is

@balajis US isn't in denial. It's onboard with the global decision to de-$. Rest all is optics. Here's why? 1. There is no confusion/romanticism. US debt is unsustainable, and no country wants to waste another day of their future selling actual goods in exchange for paper. 2. If the US

@balajis @michaelxpettis would likely disagree that dollars for goods is the one sided no-brainer trade you claim it is.

@balajis Even the big brains rooting for end of American exceptionalism. When everyone is saying the same thing, highly unlikely it’s actually happening

@balajis true... I am currently in Singapore as an exchange student from Milan and would love to have a coffee chat with you in the near future. Would that be possible?

@balajis While I agree with this generally, dollars are superior to rupees, so the initial statement is false.

@balajis Honest question: is the real empire today the US military…or the Fed’s printer?

@balajis All of this is fact @balajis but Trump doesn’t deal with facts. He deals with his own narrative

@balajis so building on what your other threads have been today, what is to stop each country just generating their own crypto equivalent of $BTC or similar and the same issue occurring, but this time just with digital currency and not paper currency?

@balajis Dollars are powerful claims on American capital stock and influence. The US as a domestic market also allows companies to capture American demand and in turn grow. That's why countries are happy with the arrangement and actively pursue it.

@balajis you forgot to clue gpt into dollar-denominated debt throughout the world 💩 prompt in, 💩 response out

@balajis Great post, but you have to assume MAGA understands money printing advantages America has - and the fact that is not unlimited too. The truth is somewhere in the middle, where the goal is likely to continue to stay as a global superpower and empire without crumbling ( like

@balajis People say America is losing power. But controlling the printer might be the biggest power move in history.