The Federation of Indian Export Organizations (FIEO) announced today they are likely to have the financial mechanism for a Russia-India currency exchange and trade process in place within a week. Previously, India announced their decision to continue purchasing oil from Russia despite the western sanctions. Prime Minister Modi is a pragmatic, tactical and shrewd business-minded politician.
India is becoming a major player in the geopolitical world, as recognized by former President Trump during his Indo-Pacific trade partnership discussions. The population of India is over 1.4 billion people, and they are industrializing as a more democratic counterbalance to China. Prime Minister Modi has been a key political leader in generating economic alliances to the benefit of his nation, while maintaining a prudent stiff-arm toward the influence of major multinational corporations.
(Via CNBC) – India is expected to announce a payment arrangement that would allow trade with Russia to continue, the president of an Indian exporters’ association told CNBC’s “Street Signs” on Wednesday.
The so-called rupee-ruble trade mechanism could come as early as next week, according to A Sakthivel, president of the Federation of Indian Export Organisations (FIEO). The FIEO, a government-backed association representing over 200,000 exporters, oversees India’s export promotion councils.
India’s finance ministry and the Reserve Bank of India have not commented so far on the mechanism, which would let Indian exporters continue their business with Russia even after Western sanctions restricted international payment mechanisms. The arrangement would also allow India to buy Russian energy exports and other goods.
Sakthivel said the Indian government is working on a proposal to allow four to five nationalized Indian banks to be engaged in the trade, and there have been consultations between the central bank governor, the finance minister and banks. (more)
REMINDER – Stand back and look at the biggest of the big pictures.
A Build Back Better society, or “great reset”, is factually underway as triggered by the gateway of SARS-CoV-2 and the massive spending by western nations to subsidize the lockdowns, shut-downs, economic closures and forced unemployment.
Global inflation is being driven not only by the American spending spree, but also by the massive government spending programs of the EU, U.K, New Zealand, Australia, Canada and many western nations.
The bills for those subsidies and bailouts are due. The labor of the citizens is going to have to pay those bills, while simultaneously we deal with inflation and massive debt balances on all nations’ balance sheets.
Into this mix comes the very real possibility of a declining U.S. trade dollar, as a result of geopolitical conflict between the west and Russia, China, Iran and OPEC in the geography of Ukraine. The financial sanctions by NATO and western allies have factually created a rift in currency exchange valuations.
As the proverbial west hammers those sanctions even harder and more deliberately, what they are doing is creating a stronger and greater likelihood that the dollar will be removed as the global trade currency, and we will enter a phase where two sets of nations exist:
One set of nations will run their economy on oil, gas and fossil fuels. The other set of nations will be focused on running their economic engine on the premise of sustainability, or renewable energy.
The sanctions toward Russia actually help to drive this chasm even wider.
To me, this looks entirely purposeful – done by specific intent and design.
Two world groupings. One group, oil-based energy (traditional) – let’s label them the RED GROUP; and one group GREEN energy (the build back better plan). It is not accidental these two groups hold similar internal geopolitical views and perspectives.
♦ The important part to see is… there are going to be two sets of nations with two structurally different economies. A red group and a green group.
These two groups are going to end up in competition with each other. It is as inevitable as sunrise, if you can see this cleaving I am talking about.
Now, think about the economic system of trade that exists between the Red and Green groups. There has to be a way for them to exchange value if they are going to purchase from and sell to each other.
Additionally, and this is *key*, the Red group is going to have a strong strategic advantage in production costs. The Red group is going to be using oil, coal and gas (fossil fuels), which are abundant, cheap and the infrastructure is already in place.
The Green group is going to be at a strong disadvantage, at least for a generation or two, as the costs associated with the production of goods and systems is going to be much more expensive to operate, as the transition into Build Back Better sustainable or renewable energy takes place.
In the macro view, stuff from the Red group is going to be cheap. The exact same stuff from the Green group is going to be more expensive.
If you are still with me, hopefully, you can see how this is all coming together.
♦ The western debt incurred during COVID-19 is a problem. However, this debt diminishes with inflation. A $20 trillion debt is not as big a problem when bread costs $100/loaf and people are earning $50,000 a month. The Green group is entering into this position. In this position, the BlackRock approach of physical ownership of real estate and physical stuff is way more important than holding money or dollars which will immediately lose value. Physical ownership of stuff is important.
♦ It is likely, based on the economic alignment, the Green group will be forced to assemble under one currency (set of financial valuations), and the Red group will then assemble under their own currency (set of financial valuations). My hunch is the western group (green) will use a digital currency.
Once both sets of currencies are established, then trade between the Red group and Green group can be determined based on a central valuation done by, say, The World Bank. In the Red group, a 20″ tire is worth 100 red bucks. In the Green group, a 20″ tire is worth 150 digital green bucks. Two vaults and two exchanges.
In order for all of this to come together, the population needs to be shifted in their perspective of money and material value. That takes us back to where this conversation started: “owning nothing and being happy” is akin to “prizing experiences over possessions.”
The Western (green) financial mega-system operators are going to own the physical assets, and the people will live under that ownership – a modern structure of serfdom so-to-speak. In the largest nations within the Red group, that social system (essentially) already exists – India is a prime example.
If we can get President Trump back into office, and then rally massive support around him, he will dismantle this handbasket they are determined to put us into. However, I see no one else who is even remotely up to this challenge. We need Trump!
Well, the U.S. Supreme court has already shown they’re not interested in such mundane things as illegal election activities, so I guess the barn door is wide open for another Democrat election steal, because they don’t want to have to throw away all the work they’ve done and will do under Biden to four more years of Trump, who will definitely undo things quickly…I predict the 2020 election will look like a Sunday school event compared to whats coming from the Dem’s in 2024.
The Democrats saw in 2020 that they can rig the vote tabulation in big Democrat cities to steal key states to win a presidential election. Probably surprised it was so easy and that courts don’t want to get involved. They will do so again in 2024 and every election thereafter. In fact they will learn from mistakes they made to make it more effective the next time.
Exactly. There is zero incentive for the democrats to do anything else but repeat their winning strategy. They have nothing to fear from the DOJ or any law enforcement, especially in the deep blue “swing states.” For its part, SCOTUS has at least 3-members who are in lockstep, ideologic agreement with the globalist elites and it is led by a weak man, likely compromised by the 4th branch.
Good. We deserve it.
It doesn’t matter because they planned to crash the US economy and institute fed digital ID/currency along with a massively lowered standard of living. At least this way, maybe India and Russia can be free of the Western controlled NWO.
No one deserves to live as a serf.
We abused reserve currency status and printed money endlessly while other lived on subsistence wages making stuff for us to buy.
The deserve it was actually a commentary on the US trying to de-finance all of Russia – that very act guaranteed no one would trust us as a reserve currency even without the loss of the petrodollar (caused by our own sanctions).
Elections matter. At one time voting mattered. Maybe we do deserve it.
Good for them. US is not leading.
Check the exchange rates against the dollar in the last month – link below. You will see who is profiting from this war. It ain’t us and except for England it ain’t the Euro either.
The NWO agenda is complex, and that is on purpose. It’s very hard to make sense of motives, especially the green agenda. I’m going out on a limb out here and putting this out: The only thing that makes senses to me is that they are after reducing the population of the planet. Nothing else makes any sense.
Biden, as always, blurted it out. “…There will be food shortages….” If that happens here think about what will happen in the under developed rest of the world.
The link to X-Trade.com is below. It is clear who is benefiting from this Ukraine war. I always do my own research – don’t EVER listen to the media pundits. Think for yourself. It’s not easy but you get used to it and then you embrace and cherish the effort….
It’s called independence of thought….
https://www.x-rates.com/table/?from=USD&amount=1
Independence of thought you say? Well then off to the gulags to you JAS for even thinking of thinking independently./ Sarc off.
I do think our MIC will make out swimmingly as will most of the pols.
Time to activate the code that removes all of “THEM” from our world. And in THEM I mean those dirty bastards and bastardees
who killed thousands of older folks, stole the 2020 election, destroyed our country and want to live forever.
“This is War”- A. Breitbart.
Global de-population has been a goal of the lefty-greenie-types for my whole life – and I’m a senior citizen!
You really think Covid was accidental?
It’s time countries rise and fall on the value of their own currency and financial health. The US shouldn’t be getting a bump due to the dollar as reserve currency, especially when our leaders are failing so miserably at managing the nations financial affairs. The USA can compete in the world market with ANY country if we just do so honestly.
” guess we showed them ! ” ..Joe Biden
Tell m again how Russia is losing the war.
A lot to think about in this article. Very worrisome trends. It’s clearly very critical that this regime gets booted out come ’24. Otherwise, their malfeasance (I don’t think we can call it just idiocy anymore), will drive this country into a very steep diminishing of influence.
Anyone that reads sundance’s articles is not surprised. PM Modi is no dummy. He’s a wise India First politician that can easily navigate around dopes like Biden.
Dem/RINO America is in serious decline. I just hope the patriotic and intelligent portion of the U.S population will deport as many of these DEM/RINO’s as humanely possible in the coming elections, out of DC and replace them with smarter and more honest men and women.
Biden demonstrates his incompetence and buffoonery daily to the world so this was not a difficult decision for Modi.
I fully agree. The USA needs Trump. His 1st term gave him some invaluable experience and a 2nd opportunity is justified.
AMEN!!! WE NEED PRESIDENT TRUMP.
I’ll never forget the reception he got in India. The people loved and admired him there…..and the fake news would barely show a snippet of it.
Prime Minister Modi and President Trump seemed to genuinely like and respect each other.
Those were the good old days.
God I hate to say this but ultimately I hope their plans succeed. We are in trouble boys and girls. Western Civ is run by scum of the earth who want to enslave the globe. I used to think it was China but truth is they’re a cupcake compared to the real evil at the helm. One battle at a time and right now the enemy of my enemy is my friend.
Find the interview Jack Maxey did the other day. He tells a lot about all of this. He wants the “orchard” trimmed from the top and he says they-not sure who they is-are going to do it starting this week. Scorched earth on all that has been discovered with proof.
I am skeptical due to being burned too many times to count by these people who say they have the goods to stop it all and will, but hey, one of these times it might happen.
Anyway, it’s a great interview. I don’t have the link right now but I’m sure it’s easy to find.
When Saudi Arabia dropkicks the petrodollar for bitcoin, the administration is going to panic like never before.
They can not sustain their desire to kill the fossil fuel industry and defend the petrodollar in the same breath.
They had better know such a move by the Saudis would end the political printing of money as the demand for the dollar would evaporate overnight.
We will not have seen a Great Depression until that moment arrives.
We have many who wish to minimize US on the world stage. It is a natural process as countries and their citizens wish to become less dependent on another.
Furthering this is the irrational behavior of the US and it’s failure of promoting freedom/liberties/democracy throughout the world. And then there is the obvious corruption of leaders and their families selling access to governmental policies thru foreign intermediaries.
I often wonder if US could reign in their politicians and promote democracy around the world and focus more on domestic issues which strengthen US position around the world?
Because it seems our policies are to weaken US.
Thank you Joe Biden! What a waste of a human entity! FJB
So the Eurasian Century fast approaches under the weird shadow of this two-edged sword the West ostensibly wields against Eurasia while of course, its other ‘ulterior’edge, visits greater damage upon us. Why greater?
The Dollar World is relinquishing ubiquitousness, in effect, mounting a counter-intuitive retreat from Metcalfe’s Law. While Russia is being force-marched into an offsetting emanation-point for more than half of the world to congeal around, though on the much sounder footing of a resource-backed currency. Financialization as we know it won’t survive this east/west encounter.
After all, who relinquishes ‘exorbitant privilege’ voluntarily unless someone at a higher convergence point deems it too exorbitant to proceed any further?
“When change comes, it shouldn’t be to swap one currency hegemon for another. Any unipolar system is unsuited to a multi-polar world. We would do well to think through every opportunity, including those presented by new technologies, to create a more balanced and effective system.”
Mark Carney
[former] Governor of the Bank of England
Jackson Hole Symposium 2019
23 August 2019
At long last, the Triffin Paradox is being imploded.
What a cleverly oblique way to actuate the demise of the west, the fingerprints on the glass belonging of course to that ghoul, Putin. But who owns the glass? (I would suggest The Money Power which straddles and directs the East-West dialectic, what I’ve taken to calling in the past, International Capital.)
The entitlement expectations of aging energy-deprived Europeans could never be met anyway. Let the Russians appear to deliver the bad news wrapped in a diversionary package called The Ukraine War.
MEANWHILE THE REAR-GUARD ACTION IS THE REAL WAR: hyperinflation, devastated supply chains, food shortages, overrun borders.
The horrid excesses of the West will be paraded (ethno-targeting biochems, pedophilia, etc.) for all decent men and women to see. The world will heave a sigh of relief. The New World Order proceeds apace with Russia’s inestimable resource riches under its belt and the Chinese social credit score system serving as de facto crowd control mechanism.
Trouble in Paradise? Soros has been squawking about Putin and Xi a lot lately. Nathan Rothschild is alleged to have sent a letter to Parliament decrying the criticality of holding Ukraine or else risk imperilling ‘our’ entire system. Could Eurasia’s two key leaders have a plan to leave the bankers behind?
If there was to be a hiccup I’d say the bankers want ephemeral CBDCs backed solely by power, control and surveillance (Carney’s ‘technologies’).
Whereas Russia and China want their ‘strong suits’ i.e. territorially-derived ‘real stuff’: a market basket of gold, nitrogen, rare earth minerals, etc.
Otherwise this war makes no damn sense as it increasingly poses an existential threat to those who have been identifued as waging it (that would be you and me, folks).
Pfizer wanted to sell it’s vax in India.
India said you first have to test it for safety and efficacy on our population and under our oversight.
Pfizer declined. Wonder why folks?
Actually, Sundance, it’s even worse. The Red group has a huge trade surplus over the Green group.
The dollar’s value, as you say, will go down tremendously. The inflation of the 70s and 1980-81 will be nothing compared to this one.
FJB.
India loved PTrump. Now they are running to Russia and China to some extent. This is terrible in so many ways.
We need First: God; then President Trump. And an army of Patriots to raze DC. and salt the earth.