Bharat Rakshak

@Chellaney:

Here's the paradox: At a time when India confronts China's border aggression, including its threat of a full-scale war, Biden won't open his mouth on that aggression. Yet an insensitive Biden calls "shaky" India's response to a distant war he helped provoke with a forward policy.

For nearly two years, some 200,000 Indian troops have faced off against the PLA in the Himalayas, as India remains at the highest level of military readiness. Yet no Western leader has urged China to pull back the forces it has massed against India in breach of bilateral accords.

Biden seems content that China and India, by locking horns, remain preoccupied with their border standoff. The confrontation also allows American weapons manufacturers to make merry by selling more arms to India in government-to-government contracts with no competitive bidding.

https://twitter.com/Chellaney/status/15 ... XmHNQ&s=19
_______________________

Let's condemn Russia, let's stop buying Iranian oil, Russian S-400. Let's be poodle-puppet of US.

Ohhhhhhh we are wellwishers and suggest let's obey Biden and democrats for next decades be entwined with US economically. See that's why we support clintons and bidens. Don't worry about biden sabotaging ISRO since 90s. clintons underctting us and supporting china pak. It's okay democrats are paragons of compassion.

Let US be our guiding light!

@BasedKashyap07:

AAP has a very strong foreign links which interestingly connects with Victoria Didi and other CIA extended NGOs who were involved in
Euromaidan revolution. Many people don't know that AAP is Regime change NGO turned into Political Party. We can have thread on this, I'll write.

https://twitter.com/BasedKashyap07/stat ... 98r9Q&s=19
______________
Mega Thread:

https://twitter.com/BasedKashyap07/stat ... uIvhg&s=19

MEGA THREAD on AAP and it's CIA links. You must know this thing. As AAP portray itself as some sort of Social Justice poor's party, well actually it's not. And have simisteπ links. So let's begin 1/

Kejriwal use in India by CIA is for pure Subversion reasons of the innocent masses of India, who will fall for his freebies narrative and anti hindu, anti India narratives. Don't forget Kejriwal was among that leaders who Questioned Balakot Strikes by IAF 2/

Starting his career from Anna Hazare's protest against Congress rule in the topic of rampant corruption and scams under Congress regime. Well Anna also belongs to same breed of pups who do full time protests and do nothing except protesting. Have you heard Anna doing otr thgs? 3/

The process of Subversion and use of Kejri and his associates by powers and countries inimical to our motherland. Sadly there are vested interests at the highest political levels in India, who are part of the design. 4/

So let's look at various documents which proves every point that i and various other makes when they claim that this is regime change NGO turned Political Party. 5/

The flowchart below gives out the link of foreign funding and subversion of Kejriwal and his associates. 6/ https://t.co/i6yeLCeA1g

We all know Kejru and his buddy Ravish got Magsaysay award for social justice sh*t and all of that, you know one fact who funds Magsaysay award ceremony? It's the Rockefeller Foundation and Ford Foundation. Here is CIA declassified report admitting the relation btw CIA and NGO 7/ https://t.co/9mtH85px7T

The link between CIA and Ford Foundation and Magsaysay Award is yet again reinforced by a secret (declassified) document given below. They use this NGOs to fund their pups's kids to Study in US for pure Subversion reasons. 8/ https://t.co/qEIIW3EgEN

All those so called intellectuals (तथाकथित बुद्धिजीवी) , professors and students of target countries are funded by these NGOs to study in US for Subversion.. 9/

Kejriwal while in service started an NGO called Parivartan along with Manish Sisodia in 2001.The main objective quoted was to change the Indian system, for which the ford foundation had donated $ 80,000. But being a government servant,Kejriwal was not entitled to receive the
10/

So he immediately declared that the organisation was registered under Societies Registration Act 1860 and got exemption from Income Tax in section 80G of 12 A, this was a clear fraud on India. 11/

In the year 2005, Kejriwal got huge funds from World Bank under the campaign Jan Sunvai which was also not registered and thus was declared a criminal act by the government. Later in 2006 Kejriwal resigned from service (He wasn’t relieved yet) and got Magsaysay award that year..

His name was nominated immediately after he got funding from World Bank, 2005 (World Bank list pg 29-33). Kejriwal had decided to resign from his job after he started receiving heavy amount from US based organization. 12/

Kejriwal had decided to resign from his job after he started receiving heavy amount from US based organization. The first installment of $80,000 was equivalent to 15 years of his salary. Immediately after this, he had submitted his resignation. 13/

Kejriwal branched off from old NGO and started a new NGO in the year 2005 called Kabir which was again illegal as he was still in service. The report says that Kabir started functioning on 15th August 2005, the same day he received Rs 43,48,036/- from Ford Foundation...

But the actual money given by Ford was 87 Lakhs. Documents showed that the ford foundation had infact given huge money even before the NGO was started. 14/ https://t.co/UQ4jxGxAO1

But according to submission made by Kejriwal to FCRA (Foreign Contribution Regulation Act), he claims to have received a total sum of Rs 75,54,006 from 2005 to 2011. This was completely a bogus data and fake documents were produced. Huge irregularities were found. 15/

He also got help from Dutch embassy well we know relationship between Netherlands and US. Vassal state. CIA helped helped Kejru with their Dutch asset called Shimrit Lee who earlier funded Teesta Seetalvad during 2002 riots. 16/

This NGO is called PANOS which funds South Asian media to publish against India. That's why all South Asian correspondant are so rabid racist and anti India, anti hindu. 17/

So who is this beautiful lady called Shimrit Lee. She is architect of Tahrir square style protests that we've seen in Euromaidan revolution in Ukraine. She is also linked to नूलंड didi. She advised mohalla clinic system to Kejru. She was also member of Kabir Foundation. 18/

She is also mastermind behind Arab Spring street style color Revolution, She specialises in Middle East stuff 20/ https://t.co/qBWbGYTOIY

The Dutch and Ms Shimrit Lee mainly worked on destabilizing the North-East part of India, encourage Naxal domination and weaken the Indian democracy. The organizations also worked to stop India from Nuclear Development. 21/

The former N Admiral also was a part of this organization and had critically opposed India’s Nuclear development. He was again a recipient of Magsaysay Award, he got his daughter married to a Pakistani. He was close aide of Kejriwal and had also accompanied him in nomination. 22/

Is it all coincidence guys? Clearly not. All active measuπes used by KGB has been implemented by CIA post USSR. Guys beaware tough times are ahead. This happens when you have too much democracy and freedom. You loose control and it works against you. 23/
@ruchirsharma_1

Looking at these one can understand it is not just one or two person, but the entire system has been formed to DEMOLISH the Indian Structure. Exactly why Kejriwal is no politician but a threat to nation who was introduced into Indian Politics to break India and increase American domce.

This is serious stuff. Reason why I'm still anonymous. Hindus and Silent Majority will continue to know everything what's happening behind them because of us. Hindu state is only answer with strong governance to repulse their all attempts. May gods help us creating one.

All documents are declassified and you can find them on public domain only if you know where to look.

I can't remember where I got this link from, possibly BRF.

https://www.youtube.com/watch?v=2g95ndif134

have a look at this you don't have to watch the entire video, the important bit is from 12.23 a speech by Senator Adam Schiff to the US Senate in January 2020
Do these people not pause for a second or two to contemplate their insanity ??

How could Russia possibly invade America, under what circumstances will Americans be fighting Russians in America ??!!

It's insanity

Kejriwal was called a CIA spy by the head of his Legal cell 8 years ago. Nothing happened to him and these allegations have been swirling for a long time with no resolution.

vimal wrote:Kejriwal was called a CIA spy by the head of his Legal cell 8 years ago. Nothing happened to him and these allegations have been swirling for a long time with no resolution.

Dont you see the global backing the guy gets, it will be brushed under the carpet.

https://twitter.com/VatsRishap/status/1 ... 1476887558

Rishap Vats @VatsRishap
"Donald Lu and senior US diplomat Victoria Nuland...have over the past two days met Jaishankar and Foreign Secretary Harsh Vardhan Shringla with offers to replace practically everything that India sources from Russia."

Ankur Tiwari @Ankur_tiwari2

@ruchirsharma_1
Plus India would pay for equipment it already has and must replace to satisfy US, plus there is no saying when support could be shut down...
Ukrainian are already suffering US war with Russia, India should best avoid getting into such a situation.

Well if they can give us everything for free of cost why not and some engine tech and a few aircraft carriers. I don't see an issue but of course all free stuff is for their munna only.
I'm still not clear, what exactly for US want from India? What can India do that can help Ukraine in any way possible. China will buy oil from Russia and that would be end of it.

The US wants India to be it's Munna.

I think India should take a step back and evaluate it's relationship with the US.

In the last 20 years US has failed in every one of its strategic objectives. Iraq, Afghanistan, Libya, Sirya, Georgia and it's on the way towards failing in Ukraine.

When faced with a nation that cannot shoot straight. We need to be very careful about association with them.

Seems like all these ladies at some point have this short curly hairstyle to indicate they are all part of the same lefty gang
On a different note it is a shame for our laws and police that such idiots can so easily organise chaos in our land. These are minor academics who will throw away their pens when they see a sword. If you spare the danda the child either mucks up your house or the neighbourhood… we clearly need to use the danda , no wonder Vlad decided he had enough and tried to change the rules of engagement which might well be a trap unfortunately.
However our system doesn’t allow for transparency in political funding and it will be taken advantage of every now and then

If India starts buying Oil from Russia in roubles and from ME in local currencies, that will make Russia, China, ME and India wean away from USD and will effectively kill the petro dollar hegemony of US. What was unthinkable few months ago has now become a distinct possibility, which will lead to hyper inflation and sink the US economy - thats what is scaring the US.

Right now, they will sell their mother to prevent a run on the dollar. The impregnable fortress of System 2.0's cracks are suddenly visible, and its America's own doing.

Cyrano wrote:If India starts buying Oil from Russia in roubles and from ME in local currencies, that will make Russia, China, ME and India wean away from USD and will effectively kill the petro dollar hegemony of US. What was unthinkable few months ago has now become a distinct possibility, which will lead to hyper inflation and sink the US economy - thats what is scaring the US.

Right now, they will sell their mother to prevent a run on the dollar. The impregnable fortress of System 2.0's cracks are suddenly visible, and its America's own doing.

India's foreign exchange reserves are mainly composed of US dollar in the forms of US government bonds and institutional bonds.

India's total foreign exchange (Forex) reserves stand at around US$634.287 Billion on 31st january 2022, with the Foreign Exchange Assets (FCA) component at around US$569.582 Billion, Gold Reserves at around US$40.337 Billion, SDRs (Special Drawing Rights with the IMF) of around US$19.152 Billion and around US$5.216 Billion Reserve Position in the IMF, as per Reserve Bank of India's (RBI) weekly statistical supplement published on 28 january 2022

what happens to all that if the US freezes our reserves

just saying onlee

chetak
We have far more in dollar denominated debt/ portfolio investments besides direct investments than what we own by way of dollar denominated deposits. While a freeze would be a messy affair, I doubt we would end up taking a loss. Let's say, US Government imposes a freeze on deposits with Federal Reserve, India can retaliate by setting off redemption of corporate dollar debt by say Reliance against it and appropriate the rupee payment made by the company.

what happens to all that if the US freezes our reserves

This is exactly the question many govts could be asking, shaking the fundamental trust in the current USD based, US controlled global financial system. Without thinking through the consequences US & Europe have gone berserk with sanctions and sovereign funds freeze, exposing their thinking of bringing Russia today and any country tomorrow to its knees if they don't do their bidding.

That may work with middling countries, but with large nuclear armed nations like Russia, China and India their bluff can be called, and if they act together with ME oil nations, the System 2.0 will collapse like a pack of cards.

Good point nandakumar ji, could you point to some data that can help appreciate what the differential is between India's overall $ assets and $ liabilities?

Like Russia, India could do well to convert a good part of its reserves into gold or commodity backed investments in non-west markets and not keep more $ that it absolutely needs.

vijayk wrote:https://twitter.com/VatsRishap/status/1 ... 1476887558

Rishap Vats @VatsRishap
"Donald Lu and senior US diplomat Victoria Nuland...have over the past two days met Jaishankar and Foreign Secretary Harsh Vardhan Shringla with offers to replace practically everything that India sources from Russia."

Are they really that naive to think we'll drop everything we have to do with the Russians and completely switch over to be their captive customer? Normally, I would think not, but these days Americans seem to have gone bonkers... too much woke flavoured koolaid gets to the head eventually.

S_Madhukar wrote:Seems like all these ladies at some point have this short curly hairstyle to indicate they are all part of the same lefty gang

They are the equivalent of our big-bindi-brigade

S_Madhukar wrote:On a different note it is a shame for our laws and police that such idiots can so easily organise chaos in our land. These are minor academics who will throw away their pens when they see a sword. If you spare the danda the child either mucks up your house or the neighbourhood… we clearly need to use the danda , no wonder Vlad decided he had enough and tried to change the rules of engagement which might well be a trap unfortunately.
However our system doesn’t allow for transparency in political funding and it will be taken advantage of every now and then

Our justice system is completely messed up and almost broken. How can any govt wield a danda when the follow through never happens, or happens so slowly that it ceases to be a deterrent. Most of our issues can be laid at the door of the third pillar of our system - a law is only so good as the ability to enforce it and deter violations.

Cyrano wrote:If India starts buying Oil from Russia in roubles and from ME in local currencies, that will make Russia, China, ME and India wean away from USD and will effectively kill the petro dollar hegemony of US.

The currency of transaction is not a big deal - except in this case because Russia wants to use its unique situation to prop up the rouble rather than just earn forex.

What really matters is how countries, companies and individuals store their wealth. If they park their excess savings in US government bonds or dollar denominated fixed income assets it forms a large buffer whose value the US Fed can dilute over time by printing money.

The fact that US$ is accepted everywhere and the most preferred currency for contracts is what makes it doubly attractive as a denomination of storage. Also important is the fact that US runs a trade deficit with just about every country, so everybody has a way to "generate" dollars. Same cannot be said about the Chinese Yuan and why it will never be a major player unless the Chinese follow the American game plan.

In short, moving away from the US$ is going to be an uphill battle; however the US is itself precipitating such a move by devaluing the dollar.

The fact that US$ is accepted everywhere and the most preferred currency for contracts is what makes it doubly attractive as a denomination of storage.

One major reason its preferred is because ultimately everyone who buys energy ie Oil is obliged to do it in USD thus creating a perpetual global need for $

Also important is the fact that US runs a trade deficit with just about every country, so everybody has a way to "generate" dollars. Same cannot be said about the Chinese Yuan and why it will never be a major player unless the Chinese follow the American game plan.

Not sure I follow this, please explain saar... thank you

US runs a perpetual trade deficit with other countries. Which means the US notionally "owes" other countries dollars (perpetually). This gives the US mint a rationale to print dollars ("so we can pay our debts to other countries"). This in turn enables the vast machinery of deficit financing on which the USA's domestic economy sustains itself (which depends on the ability to print more dollars at will, regardless of any actual increment in the value of goods & services produced).

Or that's how I understand it anyway.

The trade deficit is caused by the demand for foreign goods and services by US companies and consumers. Much of this induced by US companies, like AAPL, purchasing goods and services to boost their profit margins. The USD is also used to buy oil and gas by the US and most all countries around the world. The US trade deficit is around $915 billion/year. Nearly 40% of this annual deficit is with China.

Countries that have these USD buy US debt in the form of US Treasuries as they are considered a safe and risk free investment; however, foreign countries hold less than 40% of the $28 trillion US debt. At present the top 3 are Japan ($1.4T), China ($1T) and UK ($560 billion). India, ranked 13 or 14, holds around $200 billion in US debt. Given that US debt is considered a good investment and is used for energy trade, the US Federal Reserve Bank can print more Dollars for stimulating the US economy or fund large deficit domestic and military spending - as has been done for many years by all US political parties.

After the "cancellation" of Russia, the risk free part of US debt is no longer the case, and countries will buy less US treasuries and switch to diversified currencies for the purchase of oil and gas. To make US debt more attractive, the US Federal Reserve Bank will have to raise interest rates, which in turn hurts US consumers that get very cheap financing for home loans and consumer debt. Additionally, the interest on the debt will then eat up annual US budget expenditure.

In the short run, the USD remains king. USD to INR is now between $1 USD = Rs. 76-77. In the long run of 3-5 years, if India can buy oil and gas in Rupees and trade in other currencies, the INR will strengthen relative to the USD.

In short, moving away from the US$ is going to be an uphill battle; however the US is itself precipitating such a move by devaluing the dollar.

The USD will be king for some time as the US government is going to pressure the NATO countries to buy US debt. A type of mafia protection money to be paid. That said, if there are more USD floating in the market place and US deficit spending continues unabated as it has for the last 10 years or so, then the value of the USD will decline making it less attractive.

Is there place for good in a country’s reserves? Or is there it better to keep a basket of currencies?

Reserves if they accrue from trade surplus are to be differentiated from reserves due to foreign investments and ongoing transactions.

If it were left to me, I'd invest trade surplus part of reserves in
- Gold,
- commodities like metals, rare earths, oil that we don't have in the form of physical stocks and also as investments in friendly countries
- companies that help in food security like fertilizers, chemicals; health security like Pharma APIs, speciality chemicals
- plough all the rest into domestic R&D and education for military and then civilian purposes.

Now that I've written this, it looks darned close to what China has been doing for the past 3 decades...

Cyrano wrote:

what happens to all that if the US freezes our reserves

This is exactly the question many govts could be asking, shaking the fundamental trust in the current USD based, US controlled global financial system. Without thinking through the consequences US & Europe have gone berserk with sanctions and sovereign funds freeze, exposing their thinking of bringing Russia today and any country tomorrow to its knees if they don't do their bidding.

That may work with middling countries, but with large nuclear armed nations like Russia, China and India their bluff can be called, and if they act together with ME oil nations, the System 2.0 will collapse like a pack of cards.


Like Russia, India could do well to convert a good part of its reserves into gold or commodity backed investments in non-west markets and not keep more $ that it absolutely needs.

Cyrano
This link below provides some data. Our international assets including RBI currency reserves are only 75% of what we owe to foreigners.

https://www.rbi.org.in/scripts/BS_Press ... prid=53018

Cyrano wrote:

Also important is the fact that US runs a trade deficit with just about every country, so everybody has a way to "generate" dollars. Same cannot be said about the Chinese Yuan and why it will never be a major player unless the Chinese follow the American game plan.

Not sure I follow this, please explain saar... thank you

Rudradev wrote:US runs a perpetual trade deficit with other countries. Which means the US notionally "owes" other countries dollars (perpetually). This gives the US mint a rationale to print dollars ("so we can pay our debts to other countries"). This in turn enables the vast machinery of deficit financing on which the USA's domestic economy sustains itself (which depends on the ability to print more dollars at will, regardless of any actual increment in the value of goods & services produced).
Or that's how I understand it anyway.

Right.

Let's start with the Chinese yuan. Suppose the world decides to use the Yuan as a reserve currency... how will that work? All countries will need to store (some) surplus in Yuan, and settle some trades in Yuan - and all trades with China in Yuan. But the problem is that China prints limited Yuan, and almost everyone has a trade deficit with China. So whatever Yuan you have in reserve, you give to China to pay for imports from them, and then eventually you run out of Yuan - neither can you save nor import more. You can no longer trade in Yuan and so it is no longer a reserve currency for trade or as value store.

Now look at the dollar. Just about any country which has something worthwhile to contribute to the world can readily export their stuff to the biggest consumer, the USA, and receive dollars in return; and most of the time they bring back more dollars than they spend on imports. (Why? because the US keeps printing and consuming) They can "invest" these surplus dollars, or pay them to exchange for other necessities such as oil.

So the US running a perpetual trade deficit which is so critical to entrench the dollar as reserve currency - and this can go on ad infinitum as long as (i) they don't go overboard with printing and (ii) the US continues to be the preeminent economy at the forefront of technology, medicine, education and military prowess.

Cyrano wrote: Now that I've written this, it looks darned close to what China has been doing for the past 3 decades...

Exactly. For a country of our size and stage of development, the best investment of our reserves is in ourselves and in our future. To make long-term investments which will grow our economy - in education, health, infra, environmental remediation, R&D and security.

In some ways this is achieved by keeping a "healthy" reserve in liquid bonds/SDRs etc, while borrowing from multilateral agencies to fund the above. Core competence of RBI & Finance ministry.

For a country's currency to acquire the status of a 'reserve currency', it is not necessary that it should be current account (trade in merchandise, services and invisibles) surplus. In fact I don't know far long back US posted a surplus. Probably in the immediate aftermath of the second world war. But dollar acquired its status as a reserve currency more from the acceptance by private entities (individuals and corporates) as a place where you can park your surplus wealth than from various central banks' actions. Private wealth parked in the US is many multiples of central bank deposits as part of their management of their external economy. This lack of trust on the part of private individuals is what militates against Chinese currency ever becoming international reserve currency. There is no sanctity of private wealth in China.

For a country's currency to acquire the status of a 'reserve currency', it is not necessary that it should be current account (trade in merchandise, services and invisibles) surplus. In fact I don't know far long back US posted a surplus.

Actually, it is the exact opposite- to be a reserve currency the country has to run a deficit, which is how other countries can get their hands on it.

But that is only a supporting factor, not the main one. The main one- and also why the USD will likely remain the global reserve currency for a long long time to come- is that the country must be by far the largest consuming economy. And basically if any other country wants to tap into that market the putative supplier has to willy nilly accept as payment that currency

The other supporting factors then are (a) rule of law and guarantee of private property from government expropriation in that consuming market, and (b) a consistent current account deficit

But these are at best supporting... neither necessary nor sufficient by themselves. Only the first above above is both necessary and sufficient, as evidenced in history by spanish and britshit currencies being global standards in their respective empire heydays

The US till now maintained the fiction of (a) and is very well qualifies on (b).

Don't see China qualifying on these above three anytime soon

^ A mere spokesperson of State Department can't balance nasty statement by President. Not damage control but crumbs thrown to americaphiles so they can take it to town and claim everything is fine to protect pax americana!

Manish_Sharma wrote:^ A mere spokesperson of State Department can't balance nasty statement by President. Not damage control but crumbs thrown to americaphiles so they can take it to town and claim everything is fine to protect pax americana!

looks like the amerikis have a definite end game as their objective and are slowly building towards it

Are they protecting themselves by offering up India as the bali ki bakhra

pax americana disintegrated in afghanistan and the amerikis did not draw down from a position of strength

ukraine and the aftermath of the shambles of the ameriki "oil" sanctions against russia has irreversibly damaged their case beyond any repair

no more "coalition of the just" with the amerikis leading the charge to "save democracy". france and germany will not allow this anymore and nato has been defanged.

Many european countries are in the process of rapidly rearming and ramping up their forces and and intentionally leaving no role to play for the amerikis. germany was first off the bat, having, in the yesteryears poked the russki bear and faced the horrendous consequences of the response

The amerikis, during WWII, entered the battle of midway as an uncertain, not so confident, and unassertive power but emerged from this battle as the undisputed expeditionary superpower, far eclipsing and overtaking even the once empire-building britshits, having destroyed the might of the japanese navy.

The amerikis have once again become that middling power, pax americana and ameriki exceptionalism have shrunk and the inexorable rise of the cheenis have rattled them

This rapid dismantling of the pax americana, under a senile biden and incompetent mylapore maami seems deliberate.

Is there some external force driving these unheard of changes... even as the geopolitics of oil is slowly starting to shift focus away from the waning "gelf" states

Adrija wrote: The US till now maintained the fiction of (a) and is very well qualifies on (b).

Don't see China qualifying on these above three anytime soon

I would then propose the "Chidambaram-Modi model"...sell printing machines to other countries so they won't run out of INR, and demonetize occasionally to keep people honest.

KL Dubey wrote:
I would then propose the "Chidambaram-Modi (???) model"...sell printing machines to other countries so they won't run out of INR, and demonetize occasionally to keep people honest.

Why add Modi's name to chidambaram? Has Modi sold printing machine to porkis?

A question from a friend:
"I want to understand why desi Democrats take any comment on US personally .. and defend US even on Iraq Libya etc!"
Adding more vehmently than native born Americans.

KL Dubey wrote:

Adrija wrote: The US till now maintained the fiction of (a) and is very well qualifies on (b).

Don't see China qualifying on these above three anytime soon

I would then propose the "Chidambaram-Modi model"...sell printing machines to other countries so they won't run out of INR, and demonetize occasionally to keep people honest.

Why add Modi name here gratuitously?

Please edit.

ramana wrote:A question from a friend:
"I want to understand why desi Democrats take any comment on US personally .. and defend US even on Iraq Libya etc!"
Adding more vehmently than native born Americans.

It’s not their fault. Most became successful through their hard work, but rather credit US institutions for their success. The argument is that they would never have been as successful in India, but ironically left India in their most productive stage of life. Most all of them have not studied US history sufficiently or been in the US long enough to see history. Any criticism of the the Democratic Party or US institutions are seen as personal attacks due to their sentimental and emotional investment into US institutions.

Personally- I’ve only cared about two candidates who have tried to fundamentally change America for the better. Those two were Robert F. Kennedy and Donald J. Trump.

Donald J Trump was the first US President who understood the world at large and clearly knew the two threats facing the world - China and Radical Islam. The Radical Islam faction (ISIS) mollycoddled by the Dumbocrats was dispatched to smithereens by Trump. He also declared Jerusalem in favor of Israel. As far as China, he took them head on and given a 2nd term would have completely defanged them. However it was not to be. He sidelined Nato and asked nations to pony up the expenses. Now Germany has realized that they need to shore up their military. How ironic. Trump and Modi had a favorable understanding and Trump wanted to change things and make India stronger. He was a real president and he fit the part to the T!

ramana wrote:

KL Dubey wrote:
I would then propose the "Chidambaram-Modi model"...sell printing machines to other countries so they won't run out of INR, and demonetize occasionally to keep people honest.

Why add Modi name here gratuitously?

Please edit.

Folks - it was a joke as indicated by the emoticon. Clearly the "Chidambaram" part was to sell printing machines, the"Modi" part was the demonetization. I didn't say Modi sold currency printers to Paa'stan.

I am not able to to edit the post any longer.

Adrija wrote:

For a country's currency to acquire the status of a 'reserve currency', it is not necessary that it should be current account (trade in merchandise, services and invisibles) surplus. In fact I don't know far long back US posted a surplus.

Adrija
I refer to this part of your post.
Quote:
"Actually, it is the exact opposite- to be a reserve currency the country has to run a deficit, which is how other countries can get their hands on it. " Unquote. My response:
Theoretically this is not a necessary condition. During the 60 the US ran a current account surplus. Even in the 70s there was one year (1975) the surplus was as high as 1.5% of the GDP. Again 1991 there was a marginal surplus year. But the Dollar had been the international reserve currency well before the 60s. The best you can say is that while a period of surplus leading upto its recognition as a 'reserve currency ' is a prerequisite, a currency's trade flows deficit/surplus thereafter, doesn't matter. The bigger question is whether a country, a safe haven for private capital flows? US scores over other countries in this aspect by a long margin. But the recent events has cast a shadow.
Corrected for change of potter's name.

The idea of india receiving time sensitive ISR on furtive dragon moves in tibet aksai from west is dead. Murica has burned its asia pivot in favour of being Daimyo of europe and reaping fuel/arms deals for next few decades… and will appease cheen to any extent. Atlanticists won.

At best we can expect indifference, at worst a P2 thekedari deal to “you rule europe I rule asia” . Codding india is part of neither token presence in any strategic sector is like candle in a storm soon snuffed out - 36 rafale here, 10 herons there…

Dancing and dodging like monkey on a hot roof to conserve resources from attrition means inevitable conceding space and initiative.
We need a wholesale cleanup of rotten system by presidential decree not mudiji incrementalism

Either we clean our own mess or dragon will create such a mess as our political overlords will find hard to finesse away.

https://twitter.com/daeroplate_v2/statu ... uMJlw&s=19

nandakumar wrote:[
Adrian
I refer to this part of your post.
Quote:
"Actually, it is the exact opposite- to be a reserve currency the country has to run a deficit, which is how other countries can get their hands on it. " Unquote. My response:
Theoretically this is not a necessary condition. During the 60 the US ran a current account surplus. Even in the 70s there was one year (1975) the surplus was as high as 1.5% of the GDP. Again 1991 there was a marginal surplus year. But the Dollar had been the international reserve currency well before the 60s. ......

What is required is the availability of the currency in sufficiently large amounts outside it's country of ownership/origin which is done conventionally via running a trade deficit.While the US had a trade surplus in the 1950s and the first half of the 1960s, prior to that time the dollar was made available in large quantities outside the US with the funding done for rebuilding Europe under the Marshall Plan after WW2 and dollar deposits made from those dollars outside the US were known as Eurodollars. The Marshall Plan amount at current prices would be about $ 150 billion. But even the dollar needed a backstop to be accepted as the reserve currency and that was provided via the convertibility option that central bank holders of dollars could exercise @ $ 35 to be converted into 1 ounce of gold. This option was available until 1971 as you are aware.

ramana wrote:A question from a friend:
"I want to understand why desi Democrats take any comment on US personally .. and defend US even on Iraq Libya etc!"
Adding more vehmently than native born Americans.

Simple explanation is that domestic political divisions and anti government stances do not extend to foreign policy. Whether professing Democrat or Republican affiliation, Americans tend to back the government when it comes to bombing foreign countries. This is a general phenomenon, discounting desi or non-desi, Republican or Democrat. Aside from this, first generation desi Americans in private employment do not take contrarian positions for fear of adverse consequences on their documents.