Posted on 04/01/2023 7:58:32 PM PDT by RaceBannon
Trade between India and Malaysia is now able to be settled with Indian Rupees, the India Ministry of External Affairs (MEA) announced in a statement Saturday.
This move strikes a blow to the hegemony US dollar. “This initiative by the Reserve Bank of India (RBI) is aimed at facilitating the growth of global trade and to support the interests of the global trading community in Indian Rupees (INR),” the statement from the MEA reads.
(Excerpt) Read more at trendingpoliticsnews.com ...
https://www.republicworld.com/world-news/rest-of-the-world-news/india-announces-trade-settlement-in-rupees-with-malaysia-gives-blow-to-dollar-hegemony-articleshow.html
I’m sure it’s only a transitory settlement
One by one the dominoes fall...
I read a post on Free Republic saying it was impossible for countries to stop using the dollar.
Please confirm the report.
there are 3 links in my post
you can read them and use a search engine to confirm them yourself
“India Abandons US Dollar In Trade Deal With Malaysia”
These articles are now almost DAILY. Sure hope the Ukraine Cheerleaders are PROUD of their accomplishment, specifically their psychotic ‘sanctions’ on Russia, which has caused all of this.
Just wait until the US has to sell its debt for market-rate interest rates on its debt instead of getting a deal for being the reserve dollar.
We are losing our special status. Once you lose it, I don’t see how you ever get it back.
“I read a post on Free Republic saying it was impossible for countries to stop using the dollar.”
They were trying to Ukraine funding through Congress, so of course they had to make that claim.
It was a joke.
Build Back Better, means destroying first.
Oh, they didn’t tell you that part?
You can only get it back through complete repentance and returning to the foundation that created your special status.
Once you lose it, I don’t see how you ever get it back.
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When you lose it, people will worry about other more urgent things than getting it back.
You can only get it back through complete repentance and returning to the foundation that created your special status.
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and wait 100 years until people trust you again
Yes, of course.
” We are losing our special status. Once you lose it I don’t see how you get it back.”
Here’s an approach:
1) Restore the rule of law.
2) Live within your means. Spend less than tax revenue and aggressively pay down the debt. Significantly downsize the central government.
3). Tell the truth and restore trust.
4). Restore domestic manufacturing dominance. Make quality products people want to buy.
5). Stop interfering in the affairs of other nations. Bring the troops home from overseas and stay out of foreign wars.
6) Respect liberty and natural rights.
7). Return to worshiping God and obeying his commands. Take pride in living a virtuous life.
We did it to ourselves. Central Banks (the Fed), taking the dollar off the gold standard...
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