Posted on 07/12/2022 7:18:33 AM PDT by Boomer
An RBI circular issued on Monday, said, “All exports and imports under this arrangement may be denominated and invoiced in rupee, the exchange rate between the currencies of the two trading partner countries may be market-determined, and the settlement of trade transactions under this arrangement shall take place in the rupee in accordance with the procedure laid down by the concerned authorities.”
(Excerpt) Read more at polymerupdate.com ...
Less demand for USD, and less ability for Biden to finance deficit by selling T-bonds abroad. In short, the more money Biden decides to print, the closer the Weimar scenario.
Weimar scenario?
Weimar Republic Germany pre Hitler post Treaty of Versailles levels of inflation.
Is that similar to what happened in Venezuela where they were the richest Hispanic nation one day then thanks to communism and the inflation it caused they were broke the next day with the citizens starving in the streets?
Just looking for clarification on what this means. Higher inflation? Nation killing inflation?
RBI sets up system to settle trade in rupees
Weimar scenario is when you are using money to heat your house, because a truckload of cash only buys a wheelbarrow of firewood.
Got it. Pretty much like the Venezuela situation and the Mexican situation before then.
Dollar crash impending?
I think I remember the peso got up to a crazy high number to equal one dollar so the government dropped a couple of zero’s from the peso to get it back in line.
The domino’s are falling one by one as planned by the evil Davos/WEF groups. The Nazis have resurfaced and are far stronger than they were under Hitler having planned this takeover methodically and with great patience.
This truly is a combination of Russia/Iran/China working with the new Nazi 2.0 Party in the Davos/WEF groups to reset the entire world economy, governments, and culture. None of it good for the USA.
Of course the most corrupt President in US history now wants to ban our one form of defense against this tyrannical takeover. Our firearms. I hope he all the others working with him or turning a blind eye face judgment for their obvious treason. I think we all know what the proper sentence would be.
Its the new empire under BRICS. Multinational.
https://consortiumnews.com/2022/04/15/pepe-escobar-on-the-dawn-of-a-new-global-financial-system/
Pepe Escobar has written extensively about this, esp at The Cradle.

to "F**K YOU, America" in just two years.
Or just "F**K You, Joe Biden!"
The effect is the same, sadly.
I don’t see it that way.
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