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Comment same us currency
in 1760 uk or great britain became the first country in the world to adopt industrial revolution at scale as a result it witnessed a lot of economic progress in fact it also did a lot of loot mar all across the world including in india and became filthy rich but have you ever paused and thought about the fact that why do we consider the us dollar as the apex currency or the reserve currency in the world right now and not the british pound in fact the british pound over the last 40 years has fallen quite aggressively if you take a look at this chart you will quickly see that back in 1971 you could buy approximately 2.5 us dollar with one british pound and right now you can buy only 1.5 us dollar with one british pound so what has been the reason for this fall and why am i telling you this story in 2022 the reason is fairly simple that something similar is happening to us dollar right now a lot of political commentators and macroeconomists are saying that us dollar is going to get replaced by chinese currency which is remnant and china is going to take the control of the world's economic engine so is that really going to happen we are going to discuss three critical points in this video one what led to the rise of u.s dollar in the world number two is chinese currency going to overtake the u.s currency now third and most importantly what will be india's role and the impact on your portfolio in fact can you use this situation to make more money in the market so we are going to have this detailed analysis and discussion i had to study a lot to prepare for this video it is going to be a complex macroeconomics video but a very very important video so please make notes and also press the like button it will help these type of videos reach out to more people so let us first and foremost understand what led to the rise of the us dollar in the world because if we can understand that framework we can apply it to the current situation in 2022 and do a thorough analysis if chinese remnant is going to replace the us dollar as the apex currency while there are many factors that led to the growth of the u.s economy there are three critical factors so let me try to demonstrate this in an anecdotal format so before 1850 there were a lot of internal conflicts in the u.s and there was lot of internal unrest as a result what happened in the us was that it was not a very powerful economy there were other countries for example uk was there several other european nations were there that were much more powerful than the us but within the period 1850 and 1950 something dramatically changed in the us and...
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