Economies/Countries are crashing

2022TheEndGame said:
Since 2014, Indian rupee has crashed from $1 = Rs 46 to $1 = Rs 79 now. Food prices and petrol price are sky high in India. Last month 10 trains were set on fire in major riots in many Indian states because of military jobs rule change. India is on the brink of total collapse just like Sri Lanka

10,300 flights cancelled by British Airways. UK & England PM Boris Johnson removed from office by coup from his own ministers. Airports, railways stations, metro stations shut down in UK & England. Europe is crashing because of Russia and Ukraine war

Sri Lanka total collapse. Protesters stormed Presidential palace. Sri Lankan President & Prime ministers have resigned.

Russians lost all their money in stock markets. Ukraine is burning & getting bombed heavily.

United States is in panic mode under U.S President Joe Biden. Fuel prices are high. Nasdaq has crashed almost -35% for 2022.

In China, giant real estate companies with close to $1 Trillion in assets are defaulting.

What kind of economics is going on ??
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You sound like a lot of fun at parties.
 
There is a cyclical nature to economies and this has happened for over a century. All these things you mention are a byproduct of it and will recover with other industries
 
Euro has crashed below US dollar for the first time since 2002. Europeans will pay more everything they buy. Germany is in panic mode because of gas supply cut from Russia which could be permanent
 
2022TheEndGame said:
Euro has crashed below US dollar for the first time since 2002. Europeans will pay more everything they buy. Germany is in panic mode because of gas supply cut from Russia which could be permanent
More...
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Nigeria is the 11th largest producer of crude oil in the world. Last month ISIS gunmen attacked high security prison in Nigeria in which 600 prisoners escaped.

Every few months ISIS & ISIL gunmen kill dozens of people in Nigeria
 
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