And all that interest payment is eating into its GDP. A
US$1 trillion a year is unimaginable for any other country on earth.
Just imagine how much they could do with that money to help
homelessness, renew failing infrastructures, erase escalating poverty
and subsidizing medical care.
But all these are not on the
agenda of the ruling elites. Their pre-occupation is throwing money into
a black hole in Ukraine, subsidizing companies to set up factories that
cannot ever compete globally, and creating wars that are sapping their
military spending.
The irony is that the USA depends on a war
economy, not a productive economy based on producing consumer products
in exchange for goods made by others, but just printing toilet papers in
exchange. How silly can the world be to fall for all this hubris is
insanity. But change is coming soon when BRICS gets its system in order
and working.
Anonymous
PS. The money is also to massacre the Palestinians. For the rest of the world, soon they would have nothing to buy from the Americans with the dollar, just like nothing to buy from India with rupees.
Not only is there nothing to buy from India with rupees, Indian government now may require more Chinese companies to reduce their stakes in joint ventures in the country, according to Indian media reports.
ReplyDeleteAfter giving the nod to India-China JVs such as JSW-MG Motor India, the government is now looking to require Chinese companies to dilute their stakes in Indian ventures.
A senior industry insider based in India said that for Chinese firms already established in India, grappling with operational constraints and pressures, this move may indicate that "they will be compelled to heed Indian demands by selling their equity at reduced prices, with Indian companies stepping in."
Cannot believe that there are so many stupid people that have been cheated and robbed by the Indians and still want to put good money into India. The only successful foreign investments in India are those that have already been taken over by India wholesale, but existing in name only as foreign investments. India is the de facto owner of all supposedly successful foreign investments, with their owners' money stuck in India and cannot withdraw, with Indians running these investments as Indian companies, and they can only smile and pretend all is well with their investments, for the long long term.
ReplyDeleteThey would never live to see their money and investments in their life time. No sympathy for stupidity.
India is the investors' GRAVEYARD.
DeleteWhither Temasek and GIC investments in India ?
ReplyDeleteWhen no one is complaining, they must be doing extremely well, being run by Indians from the top to the bottom. Practically every employee is an Indian. Very well managed and protected from fraud and mismanagement.
ReplyDeleteBut an Indian is already running the UK into the ground. That Indian is destroying the Conservative Party that Boris Johnson and Liz Truss failed to do.
ReplyDeleteWhen an Indian becomes PM in Red Dot, wonder what is going to happen? Oh, first thing first is changing Singapore to 'Indiapore'.
Or 'Modipore'? And Hinduism will become the state religion. And all of us must wear headdress. Even turbanless Gurmit Singh and Pritam Singh must now follow, LOL.
I think Piyush Gupta is being groomed to be the next PM or President. He is the smartest and best man in Singapore. A new citizen that would inherit everything in Singapore.
ReplyDeleteWhen Indians run a country from top to bottom, it means being like India. But do not criticize India like that. The Indians do not like it. How can we criticize a self-declared superpower in the making? Palki Sharma would not like that!
ReplyDelete