Miscellaneous News

Crang said:

Oh boy the reactions from butthurt Jai Hinds over this announcement... one heck of a salt mountain man. "but muh Modi was best buddies, hand holding hand, with Russia!"

India now has to use yuan or dirham for certain payments. Imagine if Putin said: India must use Pakistan rupee to settle payments with Russia.

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Abominable said:

Serves them right for trying to play both sides. Modi should have gone 100% with the Americans or with the Russians. Now when they get crushed by China they'll have nobody to cry to.

It could have been worse, at least Russia didn't insist on only accepting yuan from India....

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Just comment on the choice of Dirham and not insisting on Yuan.

The UAE is India's second-largest export destination after the United States and third-largest trading partner after US and China. Since dollar is out of the picture, Dirham is one of top choices that India has after Yuan. Saudi Arabia is the 4th trading partner of India, so Riyal may soon be demanded.

This is the reason that I rejected the idea of SCO currency proposed by Iran. Regardless who proposed it, I don't want RMB to share reputation of currency like Indian Rupee. It is a currency without raw commodity's backing like Ruble, nor RMB and Euro backed by strong manufacturing base, nor dollar backed by both oil and gun.

Another Day, another shooting

Russian sanctions spillover.

FriedButter said:

Interesting that the UAE (Dirhams) to USD has essentially been flat for the last 20 years and meanwhile the Rupee went down 50-55% in the last 30 years lol.

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Well that's because the Dirham is pegged to the Dollar, so the exchange rate has been consistent ever since.

getready said:

Good move but I won't bother with Germans at this time, they are way too cucked by the US. Leaving out UK is also good.

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Even if China were to invite the UK, they wouldn't even know who to invite!

IMO China should definitely invite the UK. Whoever the Tories prop up as the next PM would just as likely to decline the invitation, and make them look even more like the pouty children they already are.

No real loss for China either way.

ficker22 said:

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Another Day, another shooting

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At this point in time, the don’t seem to value their lives, there that need more shootings, hopefully the casualties will go into the hundred or even thousands or maybe into the millions because only then maybe that senile fool will focus on what is important but then again, his brain is rapidly shrink… so I don’t really know

taxiya said:

Just comment on the choice of Dirham and not insisting on Yuan.

The UAE is India's second-largest export destination after the United States and third-largest trading partner after US and China. Since dollar is out of the picture, Dirham is one of top choices that India has after Yuan. Saudi Arabia is the 4th trading partner of India, so Riyal may soon be demanded.

This is the reason that I rejected the idea of SCO currency proposed by Iran. Regardless who proposed it, I don't want RMB to share reputation of currency like Indian Rupee. It is a currency without raw commodity's backing like Ruble, nor RMB and Euro backed by strong manufacturing base, nor dollar backed by both oil and gun.

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[adition]

The deciding reason of "Russia not insisting on Yuan" is likely because China and India does not have "currency swap" agreement. It means that the two trade in Dollar or Euro, therefor India has no RMB reserve to pay Russia. The recent "India buying Russian coal with RMB" must have been a complicated and painful operation for India. However, Russia has to use Dirham or any other currency that India pays to buy manufactured goods. Any country accepting Dirham is locked to buy oil and gas from UAE and no body and nothing else.

xypher said:

It is easy to spot Indian spies - just say "Jai" and they will yell "Hind", outing themselves.

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Also, when you say "Akand", they will shout back "Bharat", outing themselves.

"Cow."


"Dung!"

Crang said:

Also, when you say "Akand", they will shout back "Bharat", outing themselves.

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KYli said:

Russian sanctions spillover.

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China officially no longer holds more then $1 trillion of US debt and now Japan holds like 20-30% more than China lol.

China's hoard of U.S. government debt dropped as well to $980.8 billion in May, still the lowest since May 2010 when its holdings were at $843.7 billion, data showed. In April, China had $1.003 trillion in Treasuries.

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Asking Saudi Arab's help for 5G? The U.S. is really desperate.

Will the Saudis help the U.S. beat Huawei?​

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The answer is of course no. It's all talk, no action, just like the half dozen or so of various alliances the U.S. has formed recently. In the meantime, China is striving to build a 6G commercial network around 2030.

China envisions launching 6G commercial network around 2030

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Keep dreaming.