Given the recent events in the US, providing stimulus cheques to everyone, printing more than 40% of USD in circulation in the last 1.5 yrs, FED pumping shitton of money in stocks (which is why stocks are rising even though the economy is getting fucked), Rising inflation, China getting rid of its dollar reserves slowly, etc. This leads me to believe that dollar will drop down significantly in value. I was wondering if it is possible to do so from Nepal like getting a loan in USD, converting it to NPR, paying installments in USD and patiently waiting.
More at: r/NepalStock by tophendra
4 comments
Good luck betting against the dollar, my man.
Since, you can not short, you go long on what you expect to rise if the dollar collapses – if that is what you believe in and want to express your views financially. There’s this concept – not going long on something that you expect to fall, indirectly means you are short on that. Obviously, it won’t be the way you are trying to profit from Inflation Induced Debt Destruction. Much simpler strategy than shorting and benefiting from Inflation Induced Debt Destruction.- you just go long on what you expect to go BOOM BOOM.
I am not 100% sure but you could use dollar card to open account in foreign broker to trade stocks, forex and so on. The only down side is, the limit is only $500 for the whole year.
https://youtu.be/1HmGLV46L60