#India is shifting its assistance to #rupees, which would relieve the #Maldives from its persistent struggle with #dollar reserves and further #India’s de-dollarisation quest: Harsh V. Pant & @gs_aditya
De-dollarisation is the single biggest threat to the US economy. It is the primary reason that that China has been earmarked as public enemy number 1 (if you thought it was because of Taiwan then you don't understand economics or politics).#India is shifting its assistance to #rupees, which would relieve the #Maldives from its persistent struggle with #dollar reserves and further #India’s de-dollarisation quest: Harsh V. Pant & @gs_aditya
I agree with this.De-dollarisation is the single biggest threat to the US economy. It is the primary reason that that China has been earmarked as public enemy number 1 (if you thought it was because of Taiwan then you don't understand economics or politics).
So, what would be the proper course of economic policy in your opinion? All I hear is its Trumps fault.Trump's policies are going to cost the US very, very, dearly for years, if not decades, to come.
They very well might, but doing nothing and just borrowing more money is a sure path to trouble.De-dollarisation is the single biggest threat to the US economy. It is the primary reason that that China has been earmarked as public enemy number 1 (if you thought it was because of Taiwan then you don't understand economics or politics).
Trump's policies are going to cost the US very, very, dearly for years, if not decades, to come.
Under normal circumstances (geopolitically speaking) a country like the US would be a natural partner for India in their attempts to counterbalance China's influence. However, your view fails to take into account the fact that the credibility of the USA as an ally, or even as a trade partner, has been reduced to near-zero. This is universally recognized the world over: there's nobody in Washington with whom any sort of reliable deal can be struck.The problem is that India is being the fool. They are gravitating toward China because the US has upset them. Yet China doesn't like India. So India is moving toward an enemy simply because the US made them mad.
Wish it weren't paywalled...This is an excellent article and accurately portrays the situation as perceived by India. Please give this a read to understand what's going on.
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The Nobel Prize and a Testy Phone Call: How the Trump-Modi Relationship Unraveled
President Trump’s repeated claims about having “solved” the India-Pakistan war infuriated Prime Minister Narendra Modi of India. And that was only the beginning.www.nytimes.com
Here you go:Wish it weren't paywalled...
Yea! Down with the USA! Guess we're gonna see how the socialist utopia works out when the world is run by a cabal of authoritarian rulers!Under normal circumstances (geopolitically speaking) a country like the US would be a natural partner for India in their attempts to counterbalance China's influence. However, your view fails to take into account the fact that the credibility of the USA as an ally, or even as a trade partner, has been reduced to near-zero. This is universally recognized the world over: there's nobody in Washington with whom any sort of reliable deal can be struck.
Given the above, Modi is acting in a rational manner: he's getting out of China's way as the latter prepares for land grabs in Southeast Asia. Sure, at some point in the future India and China are destined to become rivals, but this is very much a "15 years from now" problem for both Beijing and New Delhi.
You can gripe all you want, but the predictable consequences of your choices are upon you. What we're observing is the collapse of the world order caused by the shattering of its load-bearing pillar (specifically, the USA). A global war is now inevitable.
TIANJIN, China — Chinese leader Xi Jinping has welcomed a large group of foreign dignitaries to China for meetings that he hopes will unite regional powers in their shared grievances with the U.S.-led global order and the policies of President Donald Trump.
President Vladimir Putin of Russia, Alexander Lukashenko of Belarus and India’s Narendra Modi are among 20 foreign leaders attending the two-day Shanghai Cooperation Organization summit, which began Sunday in this port city 90 miles southeast of Beijing.
Promoting rather than restricting international trade would be a very good start.I agree with this.
So, what would be the proper course of economic policy in your opinion? All I hear is its Trumps fault.
