Trump to Punish India & Others Who Want 'De-Dollarisation'? | Vantage with Palki Sharma

Trump to Punish India & Others Who Want "De-Dollarisation"? | Vantage with Palki Sharma

Former US President Donald Trump is facing a slew of court cases, but he seems confident about winning them and the next presidential election. His advisors are already making plans about what to do when they are back in office. Some of Trump's economic advisors are reportedly working on a plan to punish certain countries. Over the last few years, countries have been moving towards de-dollarisation. They want to reduce their dependence on the US dollar, and engage in trade with their own currencies. Trump is against de-dollarisation, and he plans to use various pressure tactics such as export-controls and tariffs to force countries to keep using the dollar.

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Donald Trump | US Dollar | De-Dollarisation | India | JP Morgan | American Dollar | Dollar | West Asia | Firstpost | World News | Vantage | Palki Sharma

#donaldtrump #dedollarization #india #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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[subham.biswas]

If they don't want de dollarization, then they should stop printing dollar like crazy

[umarjongi]

This means we need to De-dollarize FASTER

[Richardcarlett]

When the dollar gets weak, it could mean tough times ahead economically. I'm thinking about how to protect my money from inflation. Lately, I've heard a lot about Bitcoin. With its halving finished and ETFs approved, many folks expect its value to shoot past $100k. I've got $300k saved up, and I'm tempted to invest now. But I'm worried: Is it too late to make the most profit?

[chaitanyakada]

So their logic is : we print our money as we like, you buy our junk money, if not we will punish you.

[cosmiccoder]

You cannot force anyone to depend on you, you have to let them make their own way; if not, you aren't an ally, you're just a big Bully. Totally agree, love you Palki, stay well and blessed.

[maheshnaidu]

Former US grand strategist Zbignew Brzezinski said: "It is IMPERATIVE that no Eurasian challenger emerges capable of dominating Eurasia and thus of also challenging America".

Because the US has just 4% of the world's population, and it's isolated from the Eurasia continent which has 70% of the world's population, or 87% with Africa included. Defensively, it's an advantage to the US, but economically, it's a handicap. That's why economically, Eurasia is a competitor to the US and the Euro is a threat to the dollar.

How does the US with an isolated and just 4% of world's population maintain its position as the world's biggest economy?

The dollar must stay as the world's reserve currency. This allows the size of the US economy to be highly scaled up, instead of being sized according to the fundamentals.
To be the world's reserve currency, the dollar must be circulated in the world. The US created a huge consumption-based economy and shifted manufacturing outside, so that dollars flow out of the US to product suppliers like China or Japan. To make products, China and Japan need energy. The US created the Petrol-dollar scheme, so that dollar is circulated to Saudi. With the US stock and financial market much more lucrative than other countries, the dollars from Saudi are attracted back to the US. Money printed in the US to exchange for goods from outside eventually ends up with the Wall Streets, where the rich gets richer. And that completes the cycle of circulation of the dollars.

The American Dream attracted top talents around the world to strengthen the US' science and technology sectors, and a technological gap is maintained between the US and other major economy like China, so that the US benefits from highly lucrative high-tech product/patent exports, while low profit manufacturing sector is outsourced to China and Vietnam. This is why world leader in 5G, Huawei, are banned in 2019.

If China or Japan bring back all the dollars and exchange to their local currencies, it inflates the local currencies, making their exports expensive. So, China and Japan use some of the dollars to buy US debts (treasury bonds). That's why the US, a rich country, is in-debt to China which has just 1/5th of the US' GDP per capita.

And by holding US treasury bills, China and Japan have to support the US dollar, for if the US dollar collapses, their hard earn money would become worthless. After Obama's "Pivot to Asia" in 2011, which aimed to contain China, China introduced the Belt and Road Initiatives (BRI) in 2013 and diverted some of the dollars into it to reduce the risk of putting all eggs in one basket, and hoping that after these countries are developed, China would have a wider trade market.

With a huge population, if Asia and Africa develop rapidly, the share of the US' economy shrinks, then the Euro could replace it as the world's reserve currency. When that happens, the US would no longer be able to print money out of nothing without a hyper inflation like Venezuela. Then the size of the US economy has to fall back to the fundamentals, which today is quite a lot smaller than the inflated economy. That's why no country in Eurasia is allowed to catch up with the US' economy. When Japan was catching up fast on the US in the 1980s, they were knocked down to a three decade stagnancy by appreciating the Japanese Yen. And in the last 30 years, the US created conflicts, wars and color revolutions in the Middle East, Central Asia and Africa to destabilise the Eurasia-Africa supercontinent.

When the US prints a lot of money, other countries' foreign reserves in dollars shrink in value. Furthermore, to prevent exports to the US becoming expensive, these countries have to print money too, which devalues the savings of the people, and causing inflations in these countries. It's estimated that our savings devalue by 6-9% per year after the abolishment of the gold-backed Bretton Woods system, after which the US prints money based on just the creditability of the dollar.

North America is relatively easy to defend, yet the US has a military budget more than the total of the next 9 countries in the top 10, to protect the dollar with its 800 military bases worldwide.
For the record, the US had no mercy on threats to the dollar:
In 2000 Saddam Hussein said he would start selling oil in Euros not Dollars. 
> Saddam was hanged by the US.
In 2009 Gaddafi made Libya export oil in Gold Dinars, not in dollar or Euro. 
> Gaddafi was killed by US-backed NTC.
Syria had an independent Central Bank NOT under Federal Reserve controlled Bank of International Settlements. 
>> Obama attempted to overthrow Bashar al-Assad.
Iran has been trading oil in currencies other than US dollars since 2011. 
> Iran was being sanctioned by the US.
After being sanctioned in 2014, Putin started to trade in non-dollar. In 2019, Putin completely ditched dollars in oil trades, sold almost all the US treasury bonds, is now the forerunner in de-dollarization. 
> The US tried to topple Putin by supporting Alexei Navalny.

And now the Ukraine war to weaken Russia China
(1) introduced the BRI in 2013 which helps many countries to develop and speed up the integration of Eurasia,
(2) used non-dollar in oil trades with Iran and Russia,
(3) introduced the CIPS, an alternative to the West's SWIFT system which has been weaponized by America,
(4) China's economy and high technology are catching up fast. >> China has become the US' #1 target.
If a country supports the dollar, it's being looted; if a country doesn't support the dollar, the government is changed by the US. This is financial slavery.
The Fed has printed 80% of all US dollars in existence since Jan 2020. There was $4.02 trillion dollars in circulation at the beginning of 2020. The number reached $20.08 trillion by Oct 2021. This amounted to an astronomical 34 trillions debt. Coupled with a global rising urge to diversify into non-dollar reserves caused by the US' sanctions to 39 countries, the dollar is in a creditability crisis. This is the major development which shapes geopolitics in the world today.

The US cannot have direct wars with Russia and China because they are nuclear armed. Proxy wars put the battlefields outside of the US, and the US would looked like an outsider. Remember in the 1980s, the US supported the Afghan Mujaheddin in a proxy war against the USSR. Russia and China have clearly defined their redlines. Us would use its collaborators Zelensky and Tsai to push across the redlines to trigger the wars, and it would sell weapons to its allies in NATO and AUKUS, and get them to support the wars.

After the dissolution of the USSR in 1991, US President Bill Clinton had two choices:
to integrate Russia into Europe and abolish NATO, OR,
to slowly alienate Russia to keep Russia and Europe divided.
Clinton chose the latter, because if there's no more Russia "threat", there would be no more NATO to control Europe. As the first NATO Secretarv General. Lionel Ismav described the military role of NATO: "To keep America IN, to keep Russia OUT, to keep Germany (Europe) DOWN".
NATO also allows the US to place missiles in Europe, so if a war break out in Europe, missiles would be flying between Moscow the East and Lisbon in the West, while the US remains safe across the Atlantic. And politically, the EU is an American creation, as much as a European one. It's much easier for Washington to control ruling elites at Brussels than having to control all politicians in Europe. The EU is used an ally or a sacrificial depending on the geopolitical needs of Washington.
The proxy war in Ukraine:
1.Divided Europe from Russia and divided Eurasia.
2. Killed Nord Stream Il gas pipeline and German firm Energie Baden-Wuerttemberg has signed up for gas from America Venture Global LNG for 20 years. The US gained control over energy supply to Europe.
3. Created continuity for the Military Industrial Complex after pulling out of Afghanistan.
4. Most importantly, the war strengthened the dollar. Dollar against Euro is now the highest since NATO's bombing of Yugoslavia in Mar 1999 (happened two months after the official launch of Euro as the currency of the EU, which threatened the dollar). A strong dollar together with the Fed's interest rise in 2022 cause capitals from all over the world to flow into the US' economy, while collapsing other economies, like Sri Lanka. Else where, two months after ignoring a warning from Washington against his visit to Moscow, highly popular Imran Khan was ousted from the PM post of Pakistan on 9 Apr 2022. A month after ignoring Biden's demand to increase oil production, secretary-general of OPEC, Mohammad Barkindo died unexpectedly on July 6 2022. The US isn't relinquishing its privilege to loot.

Remember after WW II, Europe and Asia were devastated, but the US emerged as the world leader and the dollar became the world's reserve currency.

[ibrahimkhalil]

For the security of the World, Dollar must be stopped at any cost.

[knoxtan]

True face of a coloniser is surfacing …free trade, freedom & democracy, human rights all down the drain😢

[icode]

The US gov't killed Gaddafi and destabilized Libiya for the same reason.

[zaramatthan]

Bullies are cowards who HATE to loose! That is why they pick on and abuse little/defenseless folks 😡

[hubreydavid]

The world has woken up against injustice.

[adr]

I mean if we get punished it’ll only speed up the process.

[diadon]

After USA froze reserves of dollar of russia many countries found it scary.

[zeegydoo]

That is why countries want de-dollarisation in the first place

[Alejandracamacho]

Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[pandurangaraouppu]

India is not Libiya, what he thinks of himself and US., gone are the days Mr. Tr..

[chriswalter]

To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?

[longyao]

Your videos were great!! I'm one of your viewers and have been watching your videos lately. I would like to invest, but I still can't find the right investment to commit to. I will appreciate any help here.

[catinbootsnow]

The owner of a restaurant in your neighborhood is threatening you, if you don't eat in his restaurant.
What will you do? 😅

[bharatdesikan]

He wants to punish us? I’d like to see him try. Get your own house In order before lecturing us.