@Abhishek_Singhania

New way of Reclouting the CLOUT😁

Going to shoutout 5 people who reclout this. Must be following me to be eligible!

@dharmann

Is there any Idea by what time we will be able to access the Bitclout on Phones?
@maebeam

🄽🄾 🄾🄵🄵🄴🄽🄲🄴

It's been a Month joined BITCLOUT, Investor still don't trust the New CREATOR.

People want to Invest in the Creator they know from Other platform(Twitter,IG,FB)

Guys I don't say to invest in me but still u can trust in Small Creator like us.

Continue 👇

𝘽𝙍𝙀𝘼𝙆𝙄𝙉𝙂:
Li Bo, deputy governor of the Central Bank of China, said that crypto assets such as BITCOIN should be used as INVESTMENT tools or alternative investments. This is the first time that the Chinese🇨🇳 government has recognized the asset value of CRYPTOCURRENCY.

This is what happens when you buy without knowing 😅

😅

@CloutStreetBets

So here's what they were going to do all of them at same time would start selling the US Dollars

PROVIDED IT REMAINS SECRET

DID IT WORK?
OH YES IT DID

The DOLLAR PLUMMETED by almost 40% in 2 years

𝙋𝙇𝘼𝙕𝘼 𝘼𝘾𝘾𝙊𝙍𝘿
(9/9)

Do like🖤 & RECLOUT💬 to reach more US INVESTORS

They had no choice but to agree with the US🇺🇲.

so yeah, the plan worked out.

Hence, on 22nd sept 1985, central bankers and finance ministers from major economies met at the plaza hotel to make plaza accord a reality.
(7/n)

But the AMERICAN firms were not pleased with this and started pressurizing the govt to protect them from FOREIGN BUSINESSES 🏗️.

Now what if the US imposed sanctions on these countries' exports to the US?

Well, this caused the countries to panic.
(6/n)

Fair enough.

But why would these major COUNTRIES agree to do so?

you see, large economies including GERMANY🇩🇪 and JAPAN🇯🇵 had relatively weaker currencies compared to the DOLLAR💲 & in turn, they were also exporting more to the US🇺🇲.
(5/n)

He would convince the leaders of the world's largest economies- FRANCE🇫🇷,UK🇬🇧, GERMANY🇩🇪 & JAPAN, to start selling dollars.

The idea was selling dollars would increase its supply in the market, pushing its value down further and making it weaker to other currencies.
(4/n)

Stronger dollar💲 started hurting US exports but DAVID at the US treasury, realised that an appreciating dollar would be threat to the ECONOMY.
so he made a plan.

𝘼 𝙎𝙀𝘾𝙍𝙀𝙏 𝙋𝙇𝘼𝙉

𝗗𝗮𝘃𝗶𝗱 𝗠𝘂𝗹𝗳𝗼𝗿𝗱, Asst secretary for international affairs,US🇺🇲 treasury
(3/n)

•From 1980-1985, the interest rates in US🇺🇲 were very high & as is the case usually, high interest rates encourage capital inflows into economy🏦.

•This increased the demand for dollar💲 & the result? dollar became stronger💪 by close to 50% against major currencies.
(2/n)

𝙏𝙃𝙀 𝙎𝙀𝘾𝙍𝙀𝙏 𝙋𝙇𝘼𝙉 𝙏𝙊 𝙈𝘼𝙆𝙀 𝙏𝙃𝙀 𝘿𝙊𝙇𝙇𝘼𝙍 𝙒𝙀𝘼𝙆𝙀𝙍

𝙏𝙝𝙧𝙚𝙖𝙙 𝙤𝙣 𝙐𝙎$

Most people think that depreciating currency is bad for economy.
But a currency wildly appreciates could be worse & this is exactly happened with the 💲Dollar in the 1980s.
(1/n)