India, the devil inside

The Currency Conundrum: India's Unexpected Move! 16 min clip on how India is sabotaging BRICS currency. India had sold itself to the Americans when Modi met Biden in Washington and is out to undermine BRICS and SCO. Both organisations must be prepared to kick out India for their own good. The moment may come in the August meeting in South Africa. Not to expel India will turn BRICS into a lame duck and kill dedollarisation. It will become meaningless for countries to want to join BRICS or SCO.

 It is already seen by many that India is being used more and more by the USA to be another pawn cultivated to contain China. China knows it, the world knows it, but only the Indians have yet to know it or pretending not to know it. India may be good in playing both sides, but eventually will regret just like those countries that had been used by the USA, and than discarded or destroyed when their usefulness is over.

Whatever alliances or treaties that the USA signs with any country is all for the interest of the USA, nothing more nothing less. Enemies just have to strengthen themselves militarily for whatever the USA is planning, while friends may yet end in more fatal ways, by letting their guards down and being blindly lead to the abatoir for slaughter later on.

Yes, the USA is not going to condemn the Modi Government's treatment of the Muslims in India the same way they accused China's treatment of the Uyghurs. Neither will it now condemn the ethnic/religious conflict now erupting in Manipur, between majority Meitei Hindus and the largely Christian Kukis, a group which had been suppressed and mistreated by the Hindu Government. In return the Modi Government had to tow the USA line, just like the Philippines and PNG, and the USA Government is now demanding a base in India for logistics to support their confrontation with China.

BRICS has to take a stand now with India in the process of hosting USA naval and logistical facilities. Most people commenting on this issue are of the opinion that India cannot be allowed to remain inside BRICS and a way must be found to remove the Trojan Horse that is already doing the damage.

Anonymous

Biden offers India a big role in PGII

 If India joins BRI, it will be a disaster in the making for the grouping. It is a blessing in disguise that India opted out itself, and should never be allowed in. It does not smell good for the BRI, knowing that India is playing for keeps, wanting the cake and eat it as well.

India had already been offered membership of the USA backed 'Partnership for Global Infrastructure and Investment' plan (PGII) with a US$600 billion budget (of which US$200 billion is to be contributed by the USA). Many have cast aspersion at the meagre US$600 billion plan for 'global' infrastructure, that is being compared to the US$4 trillion already invested in the BRI projects. Is the PGII a Lego project? In that case US$600 billion would be an out of this world investment.

Fact is, India has calculated what could US$600 billion do to global infrastructure, compared to US$4 trillion? It is just a drop in the ocean. India is still calculating. Moreover this idea was floated by the G7 member states and the main benficiaries will ultimately be the Anglo Saxon White countries. Bear in mind that the USA could not even fund its own failing infrastructure renewal at home, so why spend US$200 billion that has no benefit to itself. But, never mind, barely conscious Junkie Joe will leave office soon, so what is a promise after all. They say promises are always meant to be broken.

India could again be used to play the Trojan Horse by being coaxed to join the PGII first, then applying for membership of the BRI. India is not even in the G7, so why is India instrumental for the PGII? To counter China of course! What happens with India in the BRICS and the QUAD already sent a clear message to the other founding members of BRICS. Let not this happen again to the BRI, knowing the PGII's intention is to compete with the BRI.

Anonymous

Indian Rupee Avoided Like the Plague as It's Always Falling in Value

It’s time for Indians to get real about the Indian rupee’s global role. India’s botched effort to bypass the dollar to buy Russian oil shows the limits to internationalizing its currency.

A year ago, there was palpable excitement in New Delhi around buying Russian crude. The Reserve Bank of India allowed foreign banks to open special rupee accounts with local lenders to encourage trade settled in its home currency. Moscow-based Sberbank and VTB Bank were the first to come on board. The idea was that importers would credit these accounts, whose surplus could be invested in Indian government bonds.

For sellers of Russia’s flagship Urals crude in the spot market, avoiding dollar clearance meant bypassing the Western banking system and sanctions.

Yet, the plan hasn’t really worked. Russia’s banks are reluctant to accumulate balances with lenders in India in a non-convertible currency that has lost half its value against the dollar over the past 15 years. Throw into the calculation an expected annual rate of 3% to 4% currency depreciation, and earning a 7% yield on a 10-year rupee bond doesn't seem like such a big draw.

Why is the Indian rupee always falling in value? That's because India runs a chronically huge overall trade deficit every year. Hence in the foreign exchange market, there are always more Indian importers selling the rupee to buy foreign currencies than Indian exporters buying rupee against their trade receipts. As importer supply of rupee overwhelm exporter demand for rupee, the rupee naturally falls in value.

Anonymous

BRI - What if India decides to join

 India refused to join BRI using Pakistan as an excuse, not wanting the route traversing India to go through Pakistan. China's plan was to build roads and rails cutting through India from Myanmar, through Pakistan to Iran and onwards to the Middle East.

What if India turnaround and tell China it is willing to join the BRI? Who is going to build the roads and rails in India? Would China dare to build the roads and rails for high speed trains to pass through India? Given the experience of Japan's high speed train project in India, and the experience of Xiaomi and other Chinese companies in India, unless India intends to build its own road and rails, it is questionable if China would want to offer to build them. This is as good as China voluntarily offer to build high speed trains for India in India that it now sees as a treacherous place to do business.

For BRI, China is very tempted to build rails and roads in India. It was innocent enough to bid for the Indian high speed train, but with the grace of providence, ended in the hands of Japan, a dear friend of India. Now the cunning Japanese and sneaky Indians are fighting it out to get the best out of this bizarre high speed train project that would never see daylight in another 100 years. What had happened or is happening in this project is a good lesson for China. 

India's modus operandi is to hang a big carrot to lure an innocent party into India, with promises of great potential for growth. It is true that India looks like a great potential for development and to make profits from investment. The reality is a nightmare once an investor stepped into India and sank in the money. It would become a pool of quicksand, never able to pull out alive. The initial contract is only a beginning. It would become an unending contract of changes and amendments once the investors have put in enough money and pulling out of the deal would mean big losses. India would make all kinds of demands outside and above the contracts making it very unbearable and unacceptable for the investors. Japan is getting a big taste of the Indian medicine. The investor would now become the prey to be eaten alive by India. 

This is like the proverbial story of pretending to be a pig awaiting to eat the tiger. Some third world countries also think this is a good tactic to learn from India. After a major project is near completion, or the investors cannot pull out anymore, make all kinds of unreasonable demands to rip the investor apart. This kind of childish ploy can be used only once. As once used, the credibility of the party is gone forever. Xiaomi and several Chinese companies are good examples. They thought with goodwill and sincerity, they could invest in India on a win win formula. But a snake is a snake. Trusting a snake must be prepared to be bitten by the snake. They asked for it.

It may be a bit late. But after learning this bitter and painful lesson, all Chinese companies are packing up to leave India. No more business in India or with India, unless it is on COD basis. You can only cheat a person once. Caveat, there are willing suckers that would want to be cheated over and over again, but pretend that all is well, not cheated, never been cheated, and will make money in the long, long run, when everyone involved is dead and gone.

So, would China dare to build rails and roads in India for India should India come with a big smile and say it wants to join the BRI? Maybe, on COD terms, cash out front, like BYD.  Building such infrastructure without collecting money first, worse, lending money to India, is unimaginably stupid to do so. Not just to India, but to unreliable and unpredictable third world countries. The stupid would always part with their money and wealth very quickly, if they choose to be stupid not to learn from the painful lessons of others.

With the attitude and unreliable behaviour of India, India would never be invited to join the BRI again. It was sheer good luck that India chose not to be in. Nothing is lost without India's participation in BRI.

Evil Empire ignoring the forces of history

 Donald Trump said that the USA is a third world country, run by perverts. How true! But saying that in front of the Democrats and USA citizens, is unproductive, because the truth hurts and Trump will pay for it come 2024 if he is allowed to run. USA leaders and citizens, from top to bottom, cannot handle the truth about China's progress and keep trying to fool themselves that China is still backward, underdeveloped and mired in poverty.

On the other hand, Trump should know as he is as perverted as the Democrats during his four years in the White House. He claimed to want to drain the swamp, but instead reintroduced so many perverts of his kind, who are now out to destroy him come 2024. Mike Pence, John Bolton and William Barr to name a few, are all rats and turncoats, who will sell their grandmothers when the chips are down.

Whether they believe in Karma or Retribution, it is all clearly apparent that the USA is tearing itself apart internally and facing severe headwinds externally. There are so many examples of empires and dynasties biting the dust over many centuries, although they would never envisaged that this will ever happen to them. It will only happen to others and we are exceptional. The Roman Empire, the British Empire, all powerful and invincible in their heydays, both crumbled into anonymity. Chinese dynasties of all shapes and sizes too fell and disappeared into history over the centuries.

Never forget that 'Man proposes but God disposes'. Who has the final say? Not the USA with all its military might. Take climate change as an example. There is nothing that man can do against nature, and God has the final say in everything. What can seven thousand nuclear warheads, having the most aircraft carriers, warships and submarines, the most well trained troops, the best stealth fighters do against nature? Nothing, absolutely nothing! Floods, land subsidence, sinking cities, melting glaciers, receding ice caps, wildfires are beyond the capability of man to control.

And it looks like nature is going to reclaim what is theirs. Humans will face extinction all of its own doing. They are responsible for accelerating climate change, and might even self destruct with a nuclear catastrophe. And nature will take over for the next couple of thousand or million years until the next human existence cycle. 

Anonymous