As of now, i.e.
Later can change the stance as per situation... 'why we shouldn't exercise our options ?'
The Trumps & Elon tweets thread (Had to make this since it's never ending)
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Later can change the stance as per situation... 'why we shouldn't exercise our options ?'
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Pilgrim
We have exercised our options. We have chosen to stick with the $ and that's pretty much the end of the story as far as India goes.
If he says the $ increases international economic stability then I don't see a scenario where that won't be the case in the future either.
For now.
It's going to be a multi-polar world, a move which will be accelerated with the kind of volatile antics by dtrump.
India Navigates BRICS De-dollarization Efforts Amid Trump Tariff Threats
Discover how BRICS nations including India are exploring dollar alternatives amid Trump's tariff threats and Indonesia's recent entry into the economic bloc.
morrow.report
International politics is like a slow moving molasses train.
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Pilgrim
Nah, indefinitely
It already does. Economically speaking, for some time now. eg. Euros & yen
Until these brics countries allow their currencies to be traded in the open market nothing will change.
And in the 80s we bought oil from the Russians by paying in rupees.
Emperor
Juggernaut
Good Move
Jaishankar Speaks On De- Dollarisation, BRICS Currency, and Internationalisation Of Rupees At Chatham House
Donald Trump, since taking office, had warned BRICS nations of sweeping tariffs if they launched a new currency. Trump said that the US requires a commitment from the BRICS nations that they will "neither create a new currency nor back any other currency to replace the mighty US dollar.", India...www.timesnownews.com
No BRICS currency for India
roadrash99
Galvanizer
Nothing etched permanently in international politics. Empires come and go, will be more agile than earlier in modern age due to advancement in technology.
dtrump's antics increased the usage of word 'multipolar' in recent months.
And lawyer as a profession is most in demand in their land recent days.
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Pilgrim
There is nothing on the horizon near term or medium term that will replace the $.
Long term isn't very useful here.
In the last two years how much progress has been made by BRICS on this topic? Nothing much that I can see. But there is endless talk
That is all we can see in the horizon now, we don't know what is hidden behind.
USA is importing gold in tons, allocating funds to crypto currencies, wants to devalue US$, all hints to preparation towards unexpected situations.
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Pilgrim
Devaluing helps exports.
Allocating funds to crypto is for what purpose?
Importing gold as well for what
What is the US preparing for?
Won't this jeopardize their imports ?
Other countries keep US$ as primary currency because of their exports to USA. Without higher US$, USA's own importance goes down.
Would've been better if they kept it somewhat stable, which they cannot because of excessive money printing.
If I knew, I would be rich
psyph3r
Juggernaut
zibalingz
Forerunner
Presidents often showcase American products at the White House and at their homes, on vacations when touring etc.
This whole thing about Tesla is an odd criticism since Biden invited every other automaker to the White house other than tesla considering his admin was all about EV's.
This whole thing about Tesla is an odd criticism since Biden invited every other automaker to the White house other than tesla considering his admin was all about EV's.
Lot of similar antics earlier, didn't he endorse some fast food earlier.The leader of the free world is now a car salesman
He have own web store ?
Trump has made millions hawking merchandise. Now he could face conflicts of interest
Donald Trump is seeking to cash in on his election win by selling new merchandise like Trump Boots and Trump Coins, but experts say there could be conflicts of interest.
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Pilgrim
What did you mean by preparing for unexpected situations?If I knew, I would be rich
How does buying gold, crypto & devaluing help to prepare? Who says its about preparing for anything. Why can't they be three unrelated actions. Each taken to address whatever issue in their specific area.
How well prepared were they for covid? Not very good
Ukraine and its aftermath? Completely misread Russia's abilities and resolve
psyph3r
Juggernaut
Showcasing is different, the CEOs of those companies didn't hang around cabinet meetings in the white house.
Imagine NaMo standing next to Gautam Adani saying how he'll only buy Fortune branded oil because the Congress supporters in the country boycotted him for his political leanings and beliefs.
Meanwhile Gautam Adani hangs around the parliament building every week trying to cull government corruption, that's how ridiculous this looks.
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Don't want to comment on this part, will hugely take the discussion out of line.
Only meant dtrump did it when he was president earlier, have his own webstore, etc., other past-presidents did it too, part of USA's capitalist way of political life may be.
Countries buy into such assets when they need stability, be prepared for unexpected future situations. Otherwise, why USA didn't do it earlier.
Now more than 600 tons or almost 20 million ounces of gold has been transported into vaults in New York City since December last year, according to data provided by the World Gold Council. There are news about supply chains been disrupted because of this huge action ahead of the potential tariff actions.
Learned their lessons may be ?
Russia is a huge gun store inside a vast wheat field. Conflict is going as expected, will end up comparatively badly for Russia in the end and conflict will be kept alive longer than expected. It's generally result of one country vs an alliance of powerful countries who want to exploit everyone weaker.
But how USA handled it under dtrump very recently is definitely out of character, there may be implications out of that, which may effect the world slowly.
roadrash99
Galvanizer
Biden was looking to create union jobs, Tesla is not unionized so there's no point of them being there. Moreover Musk openly criticised Biden's EV policy because he didn't want his competitors to be given any subsidies/green credits now that his position in the EV market was established. Not inviting one company for these reasons is totally different from what Trump is doing.