As predicted, the extraordinary sanctions against Russia will in the long term hurt the West and damage or destroy the value of the US dollar.
In lieu of SWIFT – a Western financial system now blocking Russia – Russians will soon use a new system that allows direct rupee-ruble payments between Russia and India.
That is according to the president of the Federation of Indian Export Organizations (FIEO), A Sakthivel, speaking with CNBC on Wednesday.
The arrangement would allow India and Russia to carry out financial operations bypassing the US dollar. Russia is effectively blocked from using US currency due to Western sanctions over the conflict in Ukraine.
The US will become poor overnight as this becomes a pattern thanks to Biden and The Great Reset. Don’t think for a minute that the people behind Biden didn’t know they would destroy the US dollar with these sanctions. They are pushing The Great Reset, a feudalistic global system of governance.
According to the official, the Indian government is working on a proposal to allow up to five nationalized Indian banks to be engaged in the rupee-ruble trade mechanism, and discussions between the central bank governor, the finance minister, and the banks on the matter have already been held. The arrangement would let Indian exporters continue doing business with Russia despite sanctions banning, among other things, international payment mechanisms in the country, such as SWIFT. It would also let India continue buying Russian energy exports and other goods.
According to Sakthivel, the Indian economy could profit from sanctions Russia is facing, as they give Indian exporters an opportunity to expand on the Russian market.
“Export to Russia is not much, only in agriculture and pharmacy products. Now that the whole of the West is banning Russia, there will be a lot of opportunities for Indian firms to enter Russia,” he stated.
RUSSIA IS NOT ISOLATED
India refused to sanction Russia. Between India and China, Russia doesn’t need the West, and the US in particular, any longer.
That is what Soros, Obama, Biden, and the entire team running the US government want. Of course, our government knew we wouldn’t isolate Russia and we would damage the US dollar. Remember, Obama wants us to be a mere cog in the wheel.
India’s finance ministry and the Reserve Bank of India have not yet commented on the new trade arrangement. India exported $3.3 billion worth of goods to Russia in 2021, mostly pharmaceutical products, tea, and coffee. In terms of imports, India bought $6.9 billion worth of Russian products, including arms and defense goods, mineral resources, fertilizers, metals, diamonds, and other precious stones. India also imports Russian oil, with recent media reports stating that the country’s major refiner, Indian Oil Corp, has stepped up purchases of Russian crude over the past month. India is also reportedly considering buying raw materials from Russia and Belarus for fertilizer production amid skyrocketing commodities prices.
If the Saudis drop the petrodollar in retaliation for funding their enemies, that’s when the real fun begins.
IMO, those GDP numbers and what people want others to think they portray, are not reality. California at 3,13 and India at 2,66. I don’t believe a free, independent nation of California being up to or above the same level as a free, independent nation of India. Neither militarily (needed to remain free and independent) or industrially.
Yes!
India Owns Microsoft and I.T. No ones going to cross them or they will cut off the Information Technology support. Also the support for other companies. Blind eyes.
Except that it’s true. The world does not need the U.S. for anything. The U.S. no longer even makes anything. Only a fool would believe that.
President Trump had won over India, a large manufacturing economy like China. Traitor Joe destroyed that in under a year. What Americans don’t understand is America’s Economy is built of a House of Cards. Like Europe, we have mostly a Money Manipulation Economy and not a Manufacturing Economy. We are also destroying our Agricultural Economy and have already destroyed our Energy Economy. The foundation of a Sound Economy is built on Energy, Agriculture, and Manufacturing, not Banks and Government printing worthless money.
Stolen elections have consequences
The dollar is well on its way to becoming worthless. Hyper inflation as we’ve seen happen in many third world countries is a distinct possibility.
Reality Check: (1) CA GDP = $3,13 trillion, (2) India GDP = $2.66 trillion *, (3) TX GDP = $1.88 trillion, (4) NY GDP = $1.73 trillion, (5) Russia GDP = $1.48 trillion *, (6) FL GDP = $1.1 trillion. In the long run India is biting its nose to spite its face and Russia will be successfully isolated to the point of becoming another North Korea with nothing to offer the world other than natural resources all of which are found elsewhere. If America moves its manufacturing back to its borders (or Latin America) then China and India will be in deep doo doo
Trouble is China is taking over Latin America along with their infestation of African nations.
Reality Check:
CA GDP = $3,13 trillion
India GDP = $2.66 trillion *
TX GDP = $1.88 trillion
NY GDP = $1.73 trillion
Russia GDP = $1.48 trillion *
FL GDP = $1.1 trillion
In the long run India is biting its nose to spite its face and Russia will be successfully isolated to the point of becoming another North Korea with nothing to offer the world other than natural resources all of which are found elsewhere. If America moves its manufacturing back to its borders (or Latin America) then China and India will be in deep doo doo
This story is obviously pure Russian propaganda.
Look how fast the US slides downward. The US has lost it superiority, including moral, ethical and logical. India, a poor and primitive nation, solved its viral problem with cheap, effective therapies, including HCQ and ivermectin, which it is the largest producer of. The China – Russia – India axis will dominate the world. The eventual collapse of the dollar will bring catastrophe to the USA. It will ensure the permanent downfall of the USA. The election coup was the key act. To have allowed it was suicide.
One thing it shows is that India has no confidence in pedo Joe.
Loud celebrating by the champagne fountain from Barry and Val Jar.
The fundamental destruction will keep on going, until it doesn’t anymore and then the precious indispensable equality in the misery of mediocre socialism.
Is a soft weak divided and distracted populace ready for the Zimbabwe lifestyle?
It begins……
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