Generations of private savings reveal a striking disconnect between India’s accumulated real wealth and what its monetary architecture officially recognises
A neutral international trade settlement system, where no single nation's domestic politics determines the monetary conditions of every other nation, has never been built—because the nation that benefits the most from the current arrangement has never faced sufficient pressure to accept an alternative
But one thing survived all of it. One thing that every central bank in the world is quietly accumulating — while publicly calling it irrelevant. That which cannot be manufactured.
