Deep State’s Paradox: Profits vs. Destabilization in India; Can Transaction Tax Eradicate Wokeism?

The Impending Fall of the USD to 3 INR; CBDC Unveiled

Central Bank Digital Currency (CBDC) Unveiled: What It Means for the Future of Money

Ira Singh
Khabar Khabaron Ki,16 Mar’24

New Delhi. In a polarising move aimed at quelling the rise of woke ideology, discussions surrounding the implications of a transaction tax have surged to the forefront of global economic discourse. Simultaneously, whispers of a seismic shift in currency dynamics reverberate, with forecasts suggesting a dramatic depreciation of the US dollar against the Indian rupee, raising questions about the underlying factors driving this phenomenon.

The Rise of Wokeism and its Opposition
Wokeism, a term coined to describe a heightened awareness of social injustices and systemic biases, has gained significant traction in recent years. Advocates argue for widespread societal reform to address historical grievances and promote equality. However, detractors, including factions within the Deep State, perceive this movement as threatening established power structures and traditional values.

Transaction Tax: A Tool of Dissent
Sources, within the Deep State suggest that a transaction tax is being considered as a means to counter the influence of woke ideology. This tax, levied on financial transactions, aims to discourage investments and activities aligned with progressive causes. Proponents hope to stifle the momentum of woke movements by imposing additional costs on such endeavours.

Economic Implications
While the primary objective of the transaction tax may be ideological, its economic ramifications are equally significant. The proposed tax could disrupt global financial markets, leading to increased volatility and uncertainty. Investors may reconsider their portfolios, impacting asset prices and exchange rates.

 Forecast

In tandem with the transaction tax proposal, analysts predict a significant depreciation of the Indian rupee against the US dollar. Factors contributing to this forecast include India’s perceived alignment with woke principles and the potential withdrawal of foreign investments due to the transaction tax. If realized, the shift to a 1 USD to 3 INR exchange rate could have profound implications for India’s economy, affecting trade, inflation, and domestic purchasing power.

CBDC Unveiled: A Paradigm Shift in Monetary Policy
As central banks navigate the treacherous waters of digital finance, the unveiling of a Central Bank Digital Currency (CBDC) adds a new chapter to the saga. With implications spanning monetary policy, financial surveillance, and individual privacy, the emergence of CBDCs heralds a paradigm shift in the world of currency.

A milestone move by the European Central Bank toward launching a digital euro within a few years means the time has come for the newest incarnation of money to prove its worth. A total of 134 countries representing 98% of the global economy are now exploring digital versions of their currencies, with over half in advanced development, pilot or launch stages, according to recent reports. all G20 countries except Argentina are now in one of those far-along phases although, notably, the United States is falling increasingly behind.

Supporters say CBDCs will modernise payments with new functionality and provide an alternative to physical cash, which seems in terminal decline.But questions remain why CBDCs represent an advance, with uptake low in countries such as Nigeria that have adopted them, as well as protests against the ECB’s( European Central Bank) plans, showing public concern about having a good look at. Further, Commercial bankers fret about the costs and possible deposit bleeds as customers could move money into central bank accounts, while developing countries worry that an easily accessible digital dollar, euro or yuan could cause havoc in their systems.

As the Deep State grapples with the complexities of implementing the transaction tax, uncertainty looms over the global stage. The balance between ideological dissent and economic stability hangs in the balance, with stakeholders closely monitoring developments.