Dr. Shah Profile picture
Jan 18, 2023 6 tweets 2 min read Read on X
💥Reason Why IT sector is doomed?

🔥The Fiat dollar 1971 & Petrodollar 1973 concepts gave birth to ploughing back of dollars into creation/birth of IT sector.

🔥Entire reserve currency bubble accumulated in "Dot-com" startups by late 1990s.

@svembu
🔥1st Jan, 1999, EURO currency was launched as 1st ever De-dollarization attempt.

24th March to June, 1999 US fooled NATO to bomb Yugoslavia to bring EURO valuation down.
🔥US panics as there is now an urgent need to cook up some ponzi scheme to infuse printed $ in the IT sector.

🔥12th Nov, 1999 Gramm-Leach-Bliley Act brought to repeal the Glass–Steagall Act requirements of keeping investment banking separate from commercial banking
🔥Mar, 2000 Dot com bubble peaks IT valuations

🔥EU reduces parking of excess/savings in US treasuries & play USD-UST cycles to keep the US dollar going.
🔥Dec, 2001 US brings China in WTO as a revenge

🔥Oct, 2002 Dot com crash with 78% fall from peak valuations for the IT sector.
🔥Cut to today, de-dollarization means USD-UST cycles will stop as dollar is ousted from bilateral trade. After which the IT sector collapses along with Realty sector in China.

These 2 places is where the past Reserve currency bubble has accumulated.

#Recession2023 #depression

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More from @ankitatIIMA

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💥THREAD of 15th February, 2025 Live talk

US Treasury Secretary Scott Bessent:

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Link - Image
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Feb 15
💥THREAD on 7th February, 2025 Live Talk

Even two factor Authentication can be compromised.
Please keep your systems secured by regularly changing passwords.
Use pen & paper if you wish to secure passwords.

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Read 4 tweets

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