Jai Hind...
Monday, January 22, 2024
Sunday, January 21, 2024
Is the American dream over...
The end of the American Dream...
With more than 34 trillion dollar national debt - I think this is the end game of the American dream...
Whatever goes up... has to come down...
This is the wheel of time - the kaalchakra...
The De-dollarization process is on the fast track...
My nation, Bharat is playing an active role in it.
The introduction of the BRICS pay has the potential to replace #SWIFT in international payment systems across the nations.
Watch...
The recent development vis-a-vis Rupee deal with other nations is surely playing an important role. It's just a matter of time.
The India and UAE rupee deal is a recent development in bilateral trade between the two countries, aiming to increase the use of their respective currencies (Indian rupee and UAE dirham) for cross-border transactions. This initiative holds potential benefits for both economies.
- India imports a significant amount of crude oil from the UAE, often using US dollars for payment.
- Reliance on the dollar exposes both countries to currency fluctuations and transaction costs.
- To reduce dependence on the dollar and promote their currencies, India and the UAE signed a Memorandum of Understanding (MoU) in July 2022.
Not only the UAE but other countries like Russia are engaged with Bharat for a Rupee deal.
India and Russia explored the possibility of settling bilateral trade in rupees in the wake of Western sanctions imposed on Russia following its invasion of Ukraine in February 2022.
Can't believe?
See this...
And this...
Bharat is now unstoppable. Every sign is saying this.
Here is a gist of project Nexus which aims to connect Bharat's UPI with the other ASEAN countries.
Read...
O My Bharawasi... read...
Project Nexus is a collaborative initiative led by the Bank for International Settlements (BIS) Innovation Hub, aiming to interconnect domestic instant payment systems (IPS) across countries to facilitate seamless, real-time cross-border retail payments.(Bank for International Settlements)
🌐 Participating Countries
The founding members of Project Nexus include:(Reuters)
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India
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Singapore
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Malaysia
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Thailand
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Philippines(Swarajyamag, ASEAN Briefing, Reuters)
Additionally, Indonesia is participating as a special observer. (Reuters)
🔗 Objective
Project Nexus aims to:(The Hindu Business Line)
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Connect each country's instant digital payment systems (e.g., India's UPI and Singapore's PayNow)
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Enable instant, low-cost cross-border payments
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Reduce reliance on traditional payment networks(Reuters)
This initiative is expected to benefit a combined market of 1.7 billion people by allowing them to make instant payments across borders easily and cheaply. (Reuters)
🏢 Nexus Global Payments (NGP)
To operationalize Project Nexus, the participating central banks have established Nexus Global Payments (NGP), a not-for-profit entity incorporated in Singapore. NGP will manage the multilateral instant cross-border payments scheme and oversee the technical implementation. (Bot)
📅 Timeline
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June 30, 2024: Agreement signed by BIS and the central banks of the founding countries in Basel, Switzerland.
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By 2026: The platform is expected to go live, enabling real-time cross-border retail payments among the participating countries. (The Hindu, The Hindu Business Line)
🇮🇳 India's Role
India's participation through the Reserve Bank of India (RBI) and its Unified Payments Interface (UPI) is pivotal, given UPI's widespread adoption domestically. The RBI has been actively working to link UPI with other countries' payment systems, and Project Nexus represents a significant step towards multilateral connectivity. (ASEAN Briefing)
🇸🇬 Singapore's Role
Singapore's Monetary Authority of Singapore (MAS) is a key participant, with its PayNow system already integrated with India's UPI. This existing linkage facilitates instant person-to-person and person-to-merchant transactions between the two countries, laying the groundwork for broader multilateral integration under Project Nexus. (Wikipedia)
🔮 Future Prospects
Project Nexus is designed to be scalable, with the potential to include more countries over time. The BIS will continue to play an advisory role as the project progresses towards live implementation. (The Times of India, Bank for International Settlements)
Read ON...
Watch...
The recent Chabahar port deal and Bharat's involvement in International North-South Transport Corridor (INSTC) is significant for several reasons.
If a group of the central Asia's landlocked nations create a Rupees deal with Bharat - which is more likely to happen in the coming months - this will be the end game of US Dollar.
Here's the #Nemo of the society just trying to educate the Humans of Bharat about the New World Order...
Humans of Bharat...wake up.
Reclaiming #WhoWeAre...
The latest news is that Saudi Arabia is not renewing the petro dollar agreement.
On June 9th, 2024, Saudi Arabia chose not to renew its long-standing agreement with the US concerning the petrodollar.
This agreement, in place since 1974, required Saudi Arabia to sell oil exclusively in US dollars. This created a constant demand for dollars worldwide, solidifying its status as the world's reserve currency.
By letting the deal expire, Saudi Arabia gains the flexibility to trade oil in other currencies like the Euro, Yuan, or even potentially digital currencies. This could lead to a major shift away from the petrodollar system and the US dollar's dominance in international trade.
It's a story worth following to see how it affects the global economy.
Wake up... humans of Bharat... sense what is going around...
Last but not the least...
With the invasion of illegal immigrants - I am not sure how well the infrastructure will be able to cater to the American citizens...
For the sake of History - this is how the Roman empire was destroyed.
The following text is taken from Google Gemini...
The Western Roman Empire eventually collapsed in 476 AD, partly due to the pressure of barbarian invasions, including those of the Goths.
With the possible chance of the military age barbarian community flooding the USA through southern border getting opportunities in the USA army, this looks exactly like the fall of Roman empire by Goths...
Deja vu for the Humans of USA... to some extent...
This is reality in the USA...
Watch,,,
Is the American dream over - Only time will answer...
And the latest news of Bharat - we have urged our FTA nations to deal in local currencies.
India has Free Trade Agreements (FTAs) with many nations.
India is also negotiating FTAs with countries like the UK, EU, Canada, and Israel, but these are not yet concluded.
Now with the probable linkages between EU TIPS and UPI, the new Bharat is emerging - the real Bharat - the VishwaGuru Bharat...
With the emergence of this New World Order - it will be interesting to see how America performs - or as the title says - Is the American dream over?
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