01/09/2025
What prompted Trump to say that India's economy, which is the 4th largest in the world, is a,'dead economy'?!
According to Niti Aayog, India can get 8% higher returns by transferring its $240 billion in U.S. treasury bonds to India's $1.3 trillion National Infrastructure Pipeline! But this isn't the only reason the U.S. is panicking vis-à-vis India!
A 100% tariffs threat on for de-dollarisation reveals U.S.A's fear of a rising multipolar world! The U.S. dollar, which is the basis for 88% of global trade via Society for Worldwide Interbank Financial Telecommunication(S.W.I.F.T.) is U.S.A's financial stranglehold! India's $10-billion rupee-ruble trade with Russia in 2024, up 20% from 2023, proves local currencies work! The U.S. is worried that India will convince the B.R.I.C.S. countries Brazil, Russia, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and The United Arab Emirates, with a combined Gross Domestic Product(G.D.P.) of $26 trillion, to adopt a trading currency backed by the B.R.I.C.S. Development Bank similar to what China is doing with Cross-Border Interbank Payment Syste6m(C.I.P.S.) which protects trade from U.S. sanctions!
The U.S. can't imagine a world where it isn't dominant and therein lies the crux of the matter!
