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India moves away from the dollar
The Pioneer ^ | Tuesday, April 18, 2023 | Ashwani Mahajan

Posted on 04/23/2023 2:42:23 AM PDT by Jyotishi

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To: USS Alaska; FlingWingFlyer; RoosterRedux; ronnie raygun
Now if we can get the Demented Pedophile from sending taxpayer dollars to them.

The US sends practically no govt to govt aid to India. India does however help out a lot of other countries.

So where’s India gonna go...to the Yuan?

India essentially hates the PRC. The yuan will be used only by private companies and only if the other party absolutely insists. The Indian Rupee is the usual choice, with some oil coming in UAE Dirhams.

Just tariff india for all indian labor both in the USA or provided via computer or phone if they switch currency.

Not so easy. Most large corporations have large centres in India now. Indian working in the US do have a kind of "tariff". They pay towards Social Security but if/when they return to India, this money is kept by the US.

Im sure India will love china overlords

India hates the Chinese. Along with Japan,the US, and Australia they are working to limit Chinese hegemony. Heard of the Quad?

The only reason why India is trying to back away from the dollar is because Soros has promised to overthrow the current Indian Govt and may try to sanction Indian use of the dollar, even confiscate them outright. This is a threat that came vividly to life when the $ was weaponised against Russia. It is only a safety thing, not ideological.

21 posted on 04/23/2023 10:34:31 PM PDT by IndianChief
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To: IndianChief

I was being facetious.


22 posted on 04/23/2023 10:39:59 PM PDT by RoosterRedux (Bonhoeffer: “Silence in the face of evil is evil. Not to speak is to speak. Not to act is to act.”)
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To: RoosterRedux; Jyotishi

India most definitely will not go to the yuan.

India see’s China as an existential threat and the USA as a friendly nation. India see’s Russia as a bulwark against China (though Modi’s government needs to see that is no longer the case) and as a source of very cheap gas for now.


23 posted on 04/24/2023 3:41:56 AM PDT by Cronos
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To: Cronos
As I said upthread, I was being facetious when I suggested the Yuan. Everyone down to the cats in my yard knows that China and Indian are sworn enemies.

Sheesh.

24 posted on 04/24/2023 3:45:33 AM PDT by RoosterRedux (Bonhoeffer: “Silence in the face of evil is evil. Not to speak is to speak. Not to act is to act.”)
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To: Organic Panic
OP In two short years we are on the verge of a third world status. Imagine what he will do with his second term.

While Brandon is a putz, let's not count the USA out quite yet

Have you even been to poor countries? The poorest of the poor in the USA (even the homeless in San Francisco) live far better than even lower middle class in say Bangladesh (which isn't the poorest of the poor countries)

25 posted on 04/24/2023 4:24:19 AM PDT by Cronos
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To: USS Alaska
I think the USA hasn't given India preferred treatment since 2020

Feb 12, 2020 "India no longer the United States’ preferred import partner; Trump takes away GSP benefits"

The office of the United States Trade Representative (USTR) on Monday removed India, along with several other countries, from the list of beneficiaries of trade subsidy preference under the US counter-vailing duty (CVD) laws. The subsidy preference is a World Trade Organisation rule that allows self-declared developing countries to get preferential trade treatment in developed countries in order to provide a boost to the weaker economies.

26 posted on 04/24/2023 4:28:24 AM PDT by Cronos
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To: Cronos

“The poorest of the poor in the USA (even the homeless in San Francisco) live far better than even lower middle class in say Bangladesh”

But the problem I have in this current state of affairs, is that our “betters” want us all in the same poorest of the poor class. Washington and his men would have been shooting by now.


27 posted on 04/24/2023 4:56:18 AM PDT by USAF1985 (Joe McCarthy is a hero...he was absolutely, 100% correct! (Let’s go Brandon!))
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To: USAF1985

yup,. you’re right


28 posted on 04/24/2023 6:11:54 AM PDT by Cronos
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