China to support India as a member of UN Security Council member?

 Prof Jeffrey Sachs recommended to the Indians that India and China should cooperate and work together for mutual benefits within the Global South. These two most populous nations together could change the world dramatically and bring a lot of good to both countries and to the Global South community. And China should make an effort to support India's entry as a permanent member of the UN Security Council.

Under the present international climate and India China relations, this is a big hurdle for China to support this recommendation. China and India are still locked in a bitter dispute over border territories that apparently looks very difficult to settle. And there are many other issues that have plagued the relationship and contributing to an endless cascade of hostilities. Without settlement of their differences, India would always regard China as enemy. China too would not have any motivation to want to support India's aspiration to be a permanent member of the Security Council. It would be a nightmare for China should India be in the Security Council and join hands with the West to take on China.

However, the cause is not totally loss. India can deescalate the tension with China and work out a compromised settlement with China on the border issues. The rest of the problems are much easier to settle when this stumbling block is removed and giving India lesser reasons to want to oppose China. In reality, India has a lot to gain from being friendly with China once the border issue is resolved.

The border issue could be the trade off for China to support India as a member of UN Security Council and as a genuine partner of the Global South, of BRICS against an increasing aggressive and bullying America and the West. The conditions are turning more favourable for India to really want to be with the Global South and stop dreaming of being a member of G7, a white men's club. India should by now have no delusion that it could be a real friend of the West and America. India should wake up, the decades or centuries of humiliation by the West, of being played and flipped around like roti prata by the Americans must still be vivid in the minds of the Indian elite. Indians are coloured like the rest of the Global South, not whites and would never be accepted as whites.

India should reflect seriously on its role in international affairs and where its strategic interests lie.When India has sorted out these issues, it should start to talk to China seriously, to iron out the border issues and get China's full support to the UN Security Council. As it stands, the border issue would forever be a thorn in India's relations with China and the earlier this issue is out of the way, the better it is for both India and China.

Latest, India is so envious of China. Trump is not sanctioning China for buying Russian oil, but sanctioned India instead. This really pisses off Modi who thought he was somebody, untouchable. Now he realises he and India are nobody to Trump.

Trump selling Rolls Royce to China with downgraded American engines

 Trump did not learn anything about the resourcesfulness and creativity of Chinese talents to rise against all odds, against all challenges and obstacles thrown at them. Everything, every industry and endeavour that the Americans attempted to block out China, to keep China down, had failed miserably.

Trump's ambitious but clueless effort to shut China out of the high end chip supply, to stop or to slow down China's growth, which to him is another so easy game, is collapsing right in his face. Trump banned the sale of Nvidia's top end chips to China. Nvidia countered by producing a lesser version of the H100 chips, in H20 chips which are as good as garbage. This downgraded version was also banned by Trump. But on appeals by Jensen Huang, who went to the White House to explain to Trump that this is diluted version of the H100, a poor substitute that is not worth the ban, that Trump finally agreed to lift the ban.

The H20 chip was a cheap version in both price and performance and Trump thought the Chinese were hungry and desperate enough to want to buy any scraps the American thrown at them. It is like selling a Rolls Royce with a poor quality American Ford engine inside, and believing the Chinese would still want it. Trump forgot that the Chinese already have BYD and many better EV cars and have no need to buy scraps or garbage from America.

The victim of this farce is Nvidia and all the American chip makers. China now has a total ban on all chips coming from America. Trump's silly ploy of extorting 15% sales revenue from Nvidia and AMD will also end up as nought, zilch. Trump is not going to pocket a single cent from the sales of American chips to China, not anymore, not now, not going forward. China has totally decoupled from the American chip makers, and from poor ASML as well.

This is the end result for arrogance and underestimating your enemy, China.  The corollary to this childish plan is the collapse of the whole American chip supply chain, resulting in loss of revenue, and loss of jobs and loss of becoming the market leader and monopoly of high end chips. It is the end of a golden era of earning billions and trillions from China with chips alone.

Nice try, Trumpass. oops, I mean dumbass. Try to sell the script to Hollywood to be made into a blockbuster, titled, Collapse of American Chip Industry... by dumbass Trump.

China is now targetting all of Trump's businesses in China, including his bank accounts.

Money in someone's pocket is not your money

 This perennial wisdom is forever relevant in the past and today. It is more important today as the money involved is no small change. Russia just lost US$300b to the rogue state called USA. Iran, Iraq, Afghanistan and Venezuela also lost billions to the rogue Americans. As they said, cheated once is bad but still excusable. Cheated twice or more is extreme stupidity. Any country after seeing what is happening to so many countries being robbed by the Americans and still putting their money and trust in rogue America deserved to lose their money, deserved to be cheated and deserved to be laughed at, no need to feel sorry for them.

America is now the most unreliable and untrustworthy country in the world. It did not just cheat on foes but also friends and allies. Canada, Mexico and the European states are also experiencing the same treachery from the Americans. Japan and South Korea are a different category. They are American colonies and have no option to say no. Philippines volunteered to be cheated, to be controlled and to be a colony of the Americans. They are happy to be cheated and robbed by the Americans.

What about Singapore? Did Singapore put a lot of money in American banks? One thing for sure, Singapore bought and parked several billions in the USA in terms of fighter aircraft, the F35s. Superficially, Singapore needs to park the aircraft there because of lack of space...and security, and safety of the aircraft in case they got stolen by petty thieves?

Like money, when it is in some other people's pocket it is not yours until it returns to your pocket. The aircraft in the US, legally belongs to Singapore. But can Singapore use them when in need? Can Singapore even fly them back to touch and feel it is another matter. There is no guarantee that the aircraft would one day be in Singapore. There is no guarantee that the aircraft would be here to save Singapore when needed. The Americans have a thousand reasons to say no.

This applies to Singapore's foreign investments, in the billions and trillions. The Americans and big countries have no issue with them as they have the muscle to take them back. Did Singapore have the military muscle to do so when they are confiscated or seized by other countries, like setting up a bank, putting in billions, but what control and guarantee are there to take it back, to claim it back when needed? What then if the countries are unreliable, infamous for cheating using fabricated laws, changing laws just to cheat, and run by scoundrels?

National leaders are given the responsibility to take care of a nation's wellbeing, including its wealth and assets. They need to manage the wealth with exceptional care and prudence, not taking unnecessary risk like tikam tikam and hope for the best. Putting our national assets in risky investments and relying on hopes, familiarities, relationships and emotions, or luck is an irresponsible approach in fund management. Big money invested must be carefully thought out, with enough guarantees to be able to recover the capital invested. This is a huge responsibility bearing on the people entrusted with our national reserves and wealth.

Placing our wealth, money and assets into somebody's else pockets without a set of guarantees and control procedures commensurate with their values is responsible, exposing to unnecessary risks, unacceptable risks. Don't play masak masak with public funds, like OPMs. Lose or loss never mind, no bonus only, or at worse ask to resign. Don't have to say sorry, no crimes, blame it on bad judgement or bad luck.

What do you think?

India baiting silly investors to be skinned dry when they over invested and cannot pull out

 Just like the USA behaving and being seen as totally untrustworthy today by foes and allies alike, India has done more harm to itself with its behavior towards its neighbors than what its neighbors have been doing to it. Trust once destroyed can never be easy to be regained.

Had the USA not punished India with its 50% tariff hike, India would never have learned its lesson. Call it a blessing in disguise for India's neighbors. The irony is that India thinks too highly of itself, assuming that it is one country that investors cannot avoid investing in, just like the USA. India gloated about its 'factory of the world ambition' and its next superpower status. Its growing population was going to reap all the 'dividends' that comes with it. It was a wrong assumption that India had to pay a heavy price for.

India's behavior of using retrospective tax and investment laws to punish investors that makes money in India is a lesson for would be investors to stay away, while those having already invested in India to have cold feet and second thoughts about further investments, like Apple and Foxconn.

Having said that, some countries still have great confidence in investing in India. You know who for example.

Anonymous

Evil American Empire attacking China non stop

Trump is talking now about shipping more rocket launchers to the Philippines to counter China. Is he joking? Two months ago, before the conflict between Israel and Iran, the USA had to ship out 20,000 defensive missiles from Ukraine to Israel. If the USA is really capable of making more missiles, why should they be doing that? Trump can fool his base all the time, others most of the time, but not everyone all the time.

For all of his gloating, the USA itself is highly dependent on China in its manufacturing of weapons for the Airforce, Navy and ground based weapons like rockets and defensive missiles. Fancy trying to force China to sell it more rare earth elements to make weapons to target China later on. Trump thinks the Chinese are stupid and can be easily conned just like the Hillbillies. China controls 60% of the rare earth elements, and 85% of the refining facilities, while the USA controls the gloating, boasting and propagandization of its capabilities.

Who has the upper hand is a no brainer. Without the rare earth elements, nothing is going to be manufactured for the USA defense industry. The irony is weapons cannot be made out of thin air, like printing banana notes.


Anonymous