OH SH*T: A Global Currency Crisis Has Begun

Currency crises are erupting globally, with Brazil taking center stage as its central bank intervenes in foreign exchange markets. The Brazilian real faces sharp devaluation amidst concerns over excessive government spending and a misleading economic recovery narrative. Meanwhile, China and India's currencies struggle against the dollar, revealing a complex web of economic challenges. As these nations grapple with their fiscal realities, discussions around the dominance of euro dollars highlight the systemic issues threatening global financial stability.