A report in the AP shows the BRICS (Brazil, Russia, India, China and South Africa) trade alliance seems to remain strong despite western sanctions. India admitted to purchasing 3 million barrels of Russian oil at a 20% discount rate this week.
There’s no mention of how the purchase will be transacted, what currency they would use; however, the top-line story of India refusing to follow western trade sanctions reflects the BRICS alliance is delivering economic results.
[Via AP] – […] NEW DELHI — The state-run Indian Oil Corp. bought 3 million barrels of crude oil from Russia earlier this week to secure its energy needs, resisting Western pressure to avoid such purchases, an Indian government official said Friday.
The official said India has not imposed sanctions against buying oil and will be looking to purchase more from Russia despite calls not to from the U.S. and other countries.
The United States, Britain and other western countries are urging India to avoid buying Russian oil and gas. Indian media reports said Russia was offering a discount on oil purchases of 20% below global benchmark prices.
Such prices have surged in recent weeks, posing a huge burden for countries like India, which imports 85% of the oil it consumes. Its demand is projected to jump 8.2% this year to 5.15 million barrels per day as the economy recovers from the devastation caused by the pandemic. (read more)
It’s time to rescind indian’s work visas.
There go all the call centers!
The call centers are in India.
So, the neocons in the bowels of the US government (i.e. Victoria Nuland & Co.) created the situation in Ukraine (see 2014 Minsk Agreement which Ukraine and the rest of the western world has violated) and it is now India’s fault that they buy oil from Russia after the US-led Russia sanctions? Get a grip.
Get a grip?
LOL!
Rules for radicals:
4. “Make the enemy live up to its own book of rules.”
India needs oil too. What’s your problem? You a greenie?
I’ve always held out hopes that India would become a strong ally of the West (US) against China. Their membership in BRICS diminishes that possibility.
India makes their own alliances with China, as do most other countries in the world. Remember that “the West” only accounts for about one-third of this planet’s population. And, other nations – being much wiser – did not cede their entire manufacturing capabilities to them and will never do so as a matter of national policy. Russia being one of them. They (gasp!) “put their own country first.”
It wasn’t Americans that voted for bite-me it was the dominion machines and mail in ballot fraud–PERIOD.
There were enough of them to keep it close enough to steal.
Nobody ever went broke betting on the stupidity of the American people. I work in Chicago. It is 95% of the population.
It is interesting since India and China hate each other and are in a covert war. Strange bedfellows. India views the US very weak right now.
Biden was not elected, and Trump did not concede.
100%, Fionnagh!
Obviously India has zero respect for Bidun. India must look after its’ own self interest.
Americans did not elect Joe Biden.
This does poke a hole in the myth of the “petro-dollar.” I’m very sure that this transaction did not involve USD at any point.
The days when the world’s energy supplies would bow down to the Dollar just because Henry Kissinger said they had to … are long gone now. As they should be. If Russia’s offering a sweet deal, you do business with them, directly in rubles. If Saudis are still following the “old-school rules,” they didn’t get the business.
The petrodollar is now on the downward slide. The BRICS were always going to get there. We’ve been bribing China with easy trade, but eventually they’ll flip, and that’s the end.
It will be painful for us, but necessary. We can’t reclaim our country while corrupt politicians protect themselves with borrowed cheap petrodollars, which they skim, while starting wars to put down competitive currencies and fend off dissenters.
So interest rates will rise, govt services will suffer, politicians will be thrown out, wars will cease, states will rise in lawful status, illegal aliens will be deported, local communities will go bankrupt, government jobs will be cut 1/3, lots is gonna happen.
But We the People will now have a chance to choose. We don’t now.
We can rebuild our country, without civil war. The petrodollar has to go first though.
Hard to unwind the petrodollar system, as our sovereign debt is covered by petrodollars in other nations’ treasuries. As those dollars increase, so does the deficit spending here in the US. You cannot simply switch the system off without clobbering (just for starters) social security, veterans support, and Medicare payments.
.
A national energy policy designed and run by people with brains, as opposed to the commie kids on The Squawd and their krew of TikTok “influencers”, plus a president and Congress committed to balanced federal budgets, is the only solution short of default. Newt Gingrich dragged William Jefferson Clinton to the table and got a balanced budget for a short while. It can be done again if the thugs and thugettes in the Democrat Party are removed.
Nicholas Lambert writing today’s opinion column for the WSJ makes essentially the same point, that the spendthrifts in the Dem Congress and Oval Office have run us out of credit during peacetime, and as such had nowhere left to turn, when a true emergency struck: https://www.wsj.com/articles/what-real-economic-warfare-looked-like-russia-ukraine-world-trade-great-britain-11647637729 (Hopefully this article will appear from behind the paywall)
The Uniparty is fully aligned on this. No sense fantasizing about your pet nemesis. They are all nemesis. Defeating them means ending the petrodollar. It is their drug, which they use to enslave us and enrich themselves.
You can choose liberty and responsibility or you can choose slavery and servitude.
The enemy will not allow a defeat at the ballot box, so nothing will change without a gamechanger. Remove their enabler and the game changes. They are smoked out of their well funded holes.
Serious question, I’ve seen this coming for years now but wasn’t complete on details.
If a leader of another country was introduced to us as our leader would we utterly reject or openly embrace said leader?
Someone who destroyed the corrupt savages of our government. Who placed the country in a stable place economically and morally. Who sealed the borders and called BS on all these ‘social justice’ movements.
One who said equity was earned not given and stuck to those criteria, even if by force all was accomplished.
And when asking this question I’m directing it towards patriotic Americans, conservative minded people.
At first thought, NO WAY!! But, when only the most corrupt get elected here, an ethical leader could be welcome.
Throughout the Bible Israel was overtaken time and time again but God was always with them, some of them.
I’m attempting to understand our situation and believe this may be the case. I know this, we will not continue on with this group of leaders. They will fall in some way, and God will not abandon believers. Also America is not in the Bible.
A wise leader would embrace the Godly in our country, it is what made our nation great. It would be an asset to any nation.
Pretty sure the globalists are counting on us screaming uncle at some point so they can swoop in and stabilize everything at the expense of selling our souls to the Devil.
Fortunately, or not, they have probably started WWIII, which will soon get out of control. In which case many of our problems, e.g. the border, too much leisure time, obesity, cucumber-infused IPA’s, will resolve very quickly for those of us that are left.
That’s their plan–they’ll build back better. And we will be happy.
Brandon’s brilliant international strategies are also alienating the Saudis, by ignoring geopolitical realities in today’s middle east. But The Squawd and Godfather Bernie are pleased, so. https://heartlanddailynews.com/2022/03/parker-a-morally-weak-biden-invites-putins-advances/
Obviously, the United States is no longer the big dog. As for India, it’s had a close association with Russia for decades. It won’t be long before Europe decides the US has become a toothless old mutt.
If I’m reading this correctly, India purchased less than a days worth of oil from Russia.
Has the GOP formally committed to more drilling in the US if they win the Mid-Terms? We just keep hearing that Biden is Bad and we will be better – but no actual plans for lowering gas prices.
Good cop bad cop, thing is both are cops. Same here bad crook worse crook, both are crooks.
The GOP never fails to disappoint.
I am amazed by these comments…. Have you noticed that all of these men are standing up against the global communism of the Great Reset and the New World Order? You need to put everything the media has told you and everything you think you know aside and start thinking for yourself. Do some research. Everything that was called a “conspiracy theory” for the past five years is now being proven true!
Biden is on board with everyone else who touts Klaus Schwab’s BUILD BACK BETTER Great Reset…. and NATO is the military for the New World Order as it has grown from 12 founding members to 30 today. That means that all the Western nations who are supposed to be our “allies” support global communism, global governance, massive depopulation reducing the world population from 7 billion to 500 million (they kill people with war and vaccines while they profit from both!).
Several of our NATO “allies” were involved with the Democrats in the color revolution here in America that installed Joe Biden in 2020… the same thing the globalists did in Ukraine in 2014. They have done it in countries all around the world. These are PUPPET governments, including ours!! Now the target is Russia.
We are already in WWIII… it is a 21st Century-style information/cyber war between global communism and national sovereignty/freedom… and you can’t have blinders on about which side the USA political establishment of BOTH parties and our European “allies” are on… It’s time to wake up!
“You will own nothing and you will be happy.” Transhumanism. And they want us to eat bugs and not beef.
Don’t believe me? Look it up!
Which side are you on? What do you want for your children and grandchildren?
I think you need to take a few deep breaths, not that anything you say is untrue. But from what I can tell, most of those here are awake, and what I’m seeing in the comments is hopefulness that the Great Reset crowd has (once again, just like with their vax cages) hit a good size snag. We may be overly optimistic, but the long-awaited law of unintended consequences might well have reared its (in this case) beautiful head, interfering with the Davosauros’s ability to use the dollar as a weapon to corral the whole world into their communist work camps.
It’s an odd thing to be rooting for Russia, let alone China, to upset their applecart, but it appears they may well have. For me, a Red Sox fan, it’s like playing the Yankees used to be. You can never relax until the final inning is over. And here, we’re still talking about serious chastisement that the morally decrepit, bloated, increasingly atheistic west must undergo. But this looks to be a good start.