Posted on 09/01/2025 10:37:20 AM PDT by Kazan
The Shanghai Cooperation Organization summit in Tianjin presented the West with a striking image: Indian Prime Minister Narendra Modi, Russian President Vladimir Putin, and Chinese President Xi Jinping together, projecting a rare display of camaraderie among the three major world powers.
“Always a delight to meet President Putin!” Modi wrote in a social media post.
The move was welcomed by Russia and China, who are actively challenging the United States’ position atop the global order.
Xi proposed “a multipolar world” with a new SCO development bank, parallel to Western global institutions. This threatens to hurt the influence of the international order based on free-market principles.
Modi’s embrace of both Putin and Xi highlights his aversion to being dictated to. Modi was friendly to Trump during the first administration, but earlier this year, the Trump White House imposed tariffs after India bought discounted Russian oil. The move increased tensions, pushing India closer to our rivals.
The U.S. should instead drop the tariffs on India and seek trade. High tariffs on Indian goods over its energy choices go against the American ideal of liberty and freedom. Modi’s previous willingness to align with Trump is evidence that he is amenable to an offer from the “dealmaker” president. Modi isn’t seeking genuine friendship with Putin or Xi. He’s just looking for what’s best for his country.
Modi’s public warmth is helping Russia and China to develop a narrative that challenges American influence.
Conservatives who support free markets and limited government should acknowledge the importance of soft diplomacy and economic cooperation. If America embraces trade, fosters genuine alliances, and refrains from unnecessary coercion, it can maintain its status as a reliable partner in a constantly changing world.
(Excerpt) Read more at americanthinker.com ...
It's pushed Russia in an alliance with China. India into an alliance with both. And, given rise to BRICS.
It isn’t friendliness. It’s equivalent to two Mafia dons performing for the cameras to send a message to the FBI.
Stalin and Hitler, circa 1939.
I’d rather have nothing to do with China or India. They can stay in their open sewers they call countries.
What a mess the hostility to India and friendliness to Pakistan by DJT figures in this situation forget Biden and the Neocons.
That is obvious by the Truth Social post today dismissing India
https://truthsocial.com/@realDonaldTrump/posts/115129261076571259
Yeah, that’s what its done.
Too Old and Too out of touch
Perfect together. Im sure lots of Russians could use a good car warranty and a Slurpee.
Acting as the world’s bully has been disaster.
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Stealing Russia’s sovereign Wealth fund, Sanctions, exclusion from SWIFT, all senile Joe’s suicidal blunders….but President Trump’s heavy tariffs also a huge mistake ( reciprocal, equal tariffs are fair play in Commerce and Trade).
The biggest mistake Trump made was telling sovereign nations what they can and can not buy (which presumably can be reversed). President Trump must re-evaluate the “ advice” he is receiving, Neo-Cons no doubt.
…….that said, the USD is still dropping,( down 12 per since January) more are selling and fewer are buying US debt instruments….hint: Stablecoins isn’t going to fix our bond crisis, especially when it is based on a falling USD.
“that said, the USD is still dropping,( down 12 per since January) more are selling and fewer are buying US debt instruments…”
Just coming back to par. Up 325% versus Ruble over ten years.
“Stealing Russia’s sovereign Wealth fund”
The decline of liquid assets in Russia’s National Wealth ...
Russia’s National Wealth Fund (NWF) is not depleted, but its liquid assets have significantly shrunk due to increased war spending, sanctions, and falling oil revenues, decreasing by 68% since the February 2022 invasion to approximately $36.4 billion by mid-2025. While the fund faces potential depletion within a year or two under current trends, the Russian government is relying more on domestic borrowing and sales of non-dollar assets to cover its budget deficit rather than tapping the remaining fund
https://www.google.com/search?q=russia+sovereign+wealth+fund+depleted
The Ruble is backed by Gold and is not a Fiat Currency like ours, with is backed by nothing. Russia has very little Debt as opposed to the U.S. which is over $37 Trillion in Debt. Russia also has an estimated $70 Trillion in Natural Resources Assets.
Not even close, this about Economic New Order and the rise of BRICS, Asia and Eurasia. Trump’s chaotic and disastrous polices have only accelerated BRICS process and at the same time isolated the U.S..
Brics is an amalgamation of losers. There is no rising, only falling.
“they don’t have sufficient supplies of their own oil and they’re not going to give up a reliable supplier”
India exports 75% of their refinery production.
Best to stop measuring things by money. That ended with Bernanke’s Quantitative Ease, and that end is forever.
AI: In the past 20 years the Fed has intervened in currency markets 3 times. Over that time period central banks from Australia, Japan, Switzerland, Brazil, Mexico, Sweden, Thailand, Turkey and the ECB have also intervened in currency markets.
And so, they are not free. What they say about dollar value and ruble value and pound value tells you nothing. Those values are whatever intervention says they are. Bernanke redefined money when he acted to save the global financial system in 2009, and the entire financial world wants desperately to return to some other definition.
But . . . it’s done. He exposed the reality that money is created from nothingness by central banks, and they also control its relative comparisons.
“The Ruble is backed by Gold “
Nope. It is pegged to gold but NOT backed by gold.
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