by Avarachan
President Putin visited India on December 11th for the 15th annual Indo-Russian Bilateral Summit. Some interesting agreements were signed, and there are very interesting agreements in the works. According to The Hindu,
The highlight of the meeting — part of an annual summit between the two countries — was the unveiling of a vision statement on atomic energy cooperation, where Russian nuclear agency ROSATOM and the Department of Atomic Energy and NPCIL have agreed to build at least 12 new reactors supplied by Russia over the next 20 years
Both sides agreed to “scout and explore” for hydrocarbons in the “arctic shelf,” which could raise eyebrows from other countries in the region as well as environmentalists ….
Russian Deputy Prime Minister Dmitry Rogozin confirmed that Russia plans to assemble about 400 Kamov Ka-226 T twin-engined Russian helicopters in India. “I am pleased that Russia has offered to fully manufacture in India one of its most advanced helicopters. It includes the possibility of exports from India. It can be used for both military and civilian use,” Mr. Modi said.
As background, I recommend reading this detailed interview with India’s ambassador to Russia, P.S. Raghavan. Excerpt:
QUESTION 13: BRICS partners plan to establish a system of multilateral swaps that will allow to transfer resources to one or another country. Experts believe that if the current trend continues, soon the dollar will be abandoned by most of the economies-members of BRICS. Can you share your opinion regarding this trend?
Answer:That is a very large question. I would like to focus on our bilateral situation. As I mentioned, India and Russia have been discussing trade in national currencies as an initiative to significantly increase the volume of bilateral exchanges of goods. Our Central Banks have recently set up a Joint Working Group to work out modalities. There have also been talks between the Export-Import Bank of India (EXIM Bank) and the Vnesheconombank for a guarantees cooperation arrangement, by which they would facilitate loans in local currencies for Indian and Russian companies seeking to invest in each others’ countries. This arrangement could boost mutual investment.
Regarding further study, a trustworthy site on Indo-Russian relations is the “Russia and India Report” (RIR) (www.indrus.in). (RIR is part of “Russia Beyond the Headlines,” which is published by Rossiyskaya Gazeta.) Currently, most of the corporate media in India leans towards the U.S., sometimes to an unprofessional extent.
The central banks are working on the bilateral trade agreements using local currencies according to the Indian ambassador. OK!
The international monetary system will be saved, but the USD will not survive. The central bank system is putting in place a world monetary system which will use local currencies in order to keep world trade from collapsing.
This means the currencies will clean float. A dirty float with capital controls and currency support screws somebody. The USD is abandoned as the unit of account, unit of transaction, and soon as the reserve asset. Notice Russia, Europe, India, and China all use gold as part of their central bank asset reserve. Gold will revalue to take the place of the 60% USD central bank reserve asset. The renminbi, rupee, rouble, and euro will be free floating backed by a reserve asset(gold) not subject to midnight manipulation.
There are people who advise Russia take over the central bank and isolate their economy, but these fanatics would burn the barn to kill the rat. Deng Xiaoping said, “Who cares if the cat is black or white as long as it catches rats.” The rat is the USD in its function as the reserve asset. The SCO has the political will to force the monetary system to catch the rat if the system of international trade is to survive.
USA has already given warning to India.
“No trade with Russia”.
The Master of Chaos works non stop.
Once Nazi, today Natoist
@Anonymous 14:25 Drc. 12, 2014:
You state:
“USA has already given warning to India: No trade with Russia”, etc….
Yes and I believe India’s response was was to award Russia a 12 nuclear reactor contract with options to build and additional 12; that’s a $50-$75Billion deal. In addition India has signed deals to buy $75Billion of Russian oil over the next 10 years. So the tally is over $150Billion in deals over the next 10 years; there are other deals too. Also India transferred another $5Billion, this year, towards their total commitment of $15Billion towards the joint Indo-Rus PAK-FA/FGFA 5th Gen fighter aircraft project. So much for the fear mongering, that India will jump whenever the US calls. India is not a vassal state state of the US like the EU, Pakistan or Ukraine: the US needs India more than India needs the US at this point. This is why the US does not behave in a hostile way to India (currently), rather they continue to woo India given their current strategy of encircling and trying to contain China. The only country that has the manpower and long term military potential to check China is India. Fortunately neither the Indian nor Chinese leadership are into macho games of brinksmanship, neither are they stupid enough to play into someone else’s divide and destroy strategy. India had also ignored sanctions on Iran (that even Russia and China respected) with ZERO pushback from Washington; India continued to buy Iranian oil using a mix of gold and Indian Rupees instead of the USD (since the sanctions disallowed banking transactions of this nature with Iran).
It is in India’s longterm security and economic interests to have a strong, sovereign and powerful Russia because such a scenario buttresses Indian sovereignty, economic options and security.
That visiti was kind of a flop.
First, the number of nuclear reactors negotiated was much lower than what had been floated before Putin’s visit.
Second, everybody (let’s be honest) expected some kind of deal to sell a bunch of Sukhois to India and stick it to the French. Didn’t happen.
So the deal between France and India is probably on and again this highlights the lack of solidarity among the BRICS nations.
Seems like a lot of work got done in under 24 hours however the visit seemed a bit low key if the TV coverage was an indication. A online news website close to the ruling party valued the deals done by VVP at 100 Bn $. Russia in general has a huge amount of goodwill among the Indian people and the diplomatic and military establishment. As Russia tried to integerate with the West under the Yeltsin reformists ties with India drifted and the US and Israel tried to fill the space. India of course will have yo seen decide whether we seek to become an Independent pole in a multi-polar structure or like Japan or Australia be satisfied remaining a semi vassal state .
Btw goog to see a fellow keralite blogging on Sakers excellent blog.
http://www.zerohedge.com/news/2014-12-11/why-russia’s-unfazed-falling-oil-prices
Great! Great! Great!
We absolutelly need India. Because of her enormous population, because India is Asian country like Russia and China, because it is “the largest democracy in the world”, because India is nuclear power, and because India is the most spiritual country in contemporary world.
Who wins India wins the whole thing!
The Wend.
So much for talks of ‘isolation’
@Anonymous 14:27
Deals for Brazil, Libya and Switzerland to buy the Rafale have all fallen through, often at the last minute.
This is said on India Today about the trade, I kind of suspect that they are preparing their citizens for the trade about Rafale planes to fail as well.
Additional info,
Hi Saker
The strategic partnership btwn Russia and China was low key, I think, so as to prevent inflaming the Chinese. There is quite a bit of anti-India sentiment in China due to disputed waters. I do not know the thinkings of the higher officials, but it is possible that 5th column might use this in China to mitigate support for Rus in China-_-
Slightly dated topic, but I found this analogy very helpful in demystifying the EU Third Energy Package, which was designed specifically to sabotage Gazprom’s South Stream project after the agreements were signed.
A Russia Insider excerpt from Michael Hudson’s 11 December Backfired! U.S. New Cold War policy has backfired – and created its worst nightmare:
EU South Stream Conditions Were Setting up a Shake Down Gazprom could never accept
Russia Insider
11 December
The U.S. neoliberal plan has been to insist on non-Russian control of the pipelines that would carry Russian gas and oil to Europe.
The idea is to use these pipelines as a toll-booth to siphon off the revenue that Russia had hoped to receive from Europe.
Here’s the best way to understand what has occurred. Imagine that the United States had a law that owners of buildings could not also own the elevators in them.
This would mean that the owners of the Empire State Building, for instance, could not own their elevators. Some other investors could buy the elevators, and then tell the building’s renters…
Although it is good news but i am still keeping my fingers crossed. How defiant is the Indian establishment to Empire is yet to be seen. India is just doing the balancing act. But when the shove comes to push, how the establish will swing is anybody’s guess. I am taking this development with a pinch of salt. Sorry Saker, but I am a bit of pessimistic about Indian establishment.
Regards
Are you kidding me biswajit? Do you actually believe that the Indian establishment will waver when it comes to Russia? For Modi to go ahead with these commercial and military deals on such a huge scale right when the West is waging both a bloody proxy war with Russia and trying destroy their finances, IS A HUGE statement of Indian sovereignty and support for VVP and Russia. It’s an in-your-face statement that Modi will ruthlessly pursue what is in India’s best national interest: A strong Russia is in India’s interest both for strategic and economic reasons (as a market, as a counterweight or moderator on China and the US, and as a reliable partner that allows India greater geopolitical options than a unipolar world would).
There was no need for India to go thru with these deals if their establishment was concerned about US pressure, they could have stalled, pushed the stuff off to commitees etc (the usual diplomatic games of bureaucratic subterfuge and denial). These deals are a public affirmation of the strategic importance Russia holds for India. I won’t get into how deep the good will the average Indian has towards Russia (the first thing Modi stated to Putin when they met in Brazil), it’s too long a subject. Indians are Asian, as such we have long memories, and Indians remember very well how Russia stood by India in its darkest moments.
On defence, the two sides will seek to move ahead with long-delayed projects to develop a joint fifth-generation fighter jet and a multi-role transport aircraft, in addition to the chopper deal.
http://in.reuters.com/article/2014/12/11/india-russia-idINKBN0JO2CA20141211
BTW I am still upset about that MMRCA contract.
Russia is isolated, India’s not even a real country, only the EU an Nato country’s count on the world stage, didn’t you get the memo, lol just kidding, I always get a kick out the Washington’s dog an pony show..
Ah turning the map upside down again.
How is the fog to disperse at Foggy Bottom?
Not to mention anguished of Alabama.
We have some soup most days, and usually it is very tasty.
We American vassals
And I might cite an article yesterday from Stars and Stripes, which is the official newspaper of the American armed forces, they talked about a recently concluded war game in Germany, the scenario for which was: a nation invades Estonia and it resulted, amongst other things, in missile strikes and cyber warfare. And I’ll leave it to your listeners’ imagination which country is intended as the aggressor in that scenario.
But this is a suicidal scenario for the US! Russia is not Libya, Russia is not Iraq. We are a nuclear power.
Rick Rozoff: I’m fully aware of the fact that Russia is a nuclear power. But I also know that the US has perfected the method of game theory, if you will. This is very cynical and, ultimately, it may be a catastrophic and even an apocalyptic gambit on the part of the US, but the intent is to test the Russian resolve, see how they respond to various events. If they appear to be willing to concede, then keep pushing and escalating the pressure to see how far they can get away with it.
Look, the US in the post-Cold War period, but particularly in the last 15 years, they engineered a 78-day air war against the European country for the first time, incidentally. You know, the act of aggression against the European country, since Hitler and Mussolini’s wars of the late 1930s and early 1940s. It put onto display for the entire world the impedance of the world community to intervene to stop that war.
We American vassals
@ Bob Kay – I agree. I saw, in a comment here I think, that the EU’s Euro framework itself could split into a system of national currencies running in tandem with a transnational Euro, allowing for different national parities.
I too am not a fan of radical action regarding the Russian central bank. I think it’s great that Glazyev and Khazin talk the way they do – it spurs discussion and builds political control over the CB.
But the days of taking on private central banks, fractional-reserve banking, compound interest, and debt-based currency creation are somewhere in the future I believe, and not today. First get the world calmed down into the next system, the Next World Order.
I like this trend of nations strengthening their own economies and currencies, and choosing new avenues to parity between currencies. It’s a multipolar world, this is what it looks like.
The USD is losing its reliabilty as a measure of parity between nations. Let it revert to being a national currency and let the US work to strengthen its own economy and currency. Oh, and let this all happen without rivers of blood please ;)
I didn’t write a detailed analysis because I was certain that someone else would. That turned out to be true: Saurav Jha has written a fine piece.
http://thediplomat.com/2014/12/vladimir-putins-productive-india-visit/
By the way, Jha is one of India’s best young strategic analysts. He tweets at https://twitter.com/SJha1618
I’ve noticed that many in the Saker community read M.K. Bhadrakumar … He is respected, but most young Indians feel that he is out of touch with today’s India. For instance, he dislikes Prime Minister Modi, but Modi is greatly admired by India’s youth.
‘If US sends weapons to Ukraine, Russia should send troops’ – lawmaker
http://rt.com/politics/213807-american-weaponry-russia-troops-ukraine/
Just an example of what’s out there everywhere for propaganda, threats & agitprop.
reading it, u’d think this guy is one of the fifth columnists in russia advising putin! LOL.
EVERY time i hear that phrase “the teeeeam”, it reminds me instantly of that classic scene from the movie The Untouchables 1987, where deNiro (al capone) holds an emergency board meeting of his capos because his business is being interfered with, then proceeds to give the team some batting lesson!
The United States government isn’t playing that game anymore; it’s boring. Our government has moved past the power jockeying that categorized our respective foreign policies of the era after the Second World War. We are focusing now on more high-minded goals – or at least we’re trying. Our efforts would be furthered greatly if you would join us. In the new game we’re playing, we could win if only we could get on the same team. Our government today has little interest in playing a game already won by their predecessors.
http://www.safehaven.com/article/36096/a-proposal-for-putin
http://www.theguardian.com/world/2014/dec/12/former-nato-commander-arms-ukraine
A former commander of Nato in Europe has called for the alliance to send arms and military advisers to Ukraine to help it fight Moscow-backed separatists.
James Stavridis said during a visit to London: “I think we should provide significant military assistance to the Ukrainian military.
I am not sure if this is really great… I was really expecting more close financial and military cooperation. Didn’t happen…. Our leader are yet to realize the importance of Russia seems ! and equally the danger of working with US !
So quickly we forgot, US pressured russia not to sell cryogenic engines to India and scuttled the space progress by a decade. Now they are turning back and pressuring India not to deal with Russia. and we hopelessly still listen to US ! Such a shame for a so called independent foreign policy country.
Basics: India’s strategic military alliance is with Russia.
Modi knows the engine of change is driven by China and Russia and it will sweep South Asia (Pakistan, Bangladesh, Sri Lanka and the Indian Ocean, and Iran and Afghanistan).
There is no way India would opt out. It’s elites would never allow colonization by the Brits or U.S., and the form of alliance by the US is Empire to vassals.
So, whatever some numb nuts says, Modi is in bed with Russia and must have China investment.
He has played Japan and the U.S. for whatever he can, but he must develop and rise and the West does not want India fully developed. It will soon be the most populace nation, passing China, and it has the same basic problems the worst underdeveloped nation anywhere has.
China and Russia change everything and India understands this.
Here’s his tweet:
Narendra Modi ✔ @narendramodi
Follow
Wonderful day with President Putin. Our meeting was comprehensive. India’s partnership with Russia is incomparable.
5:34 AM – 11 Dec 2014
Larchmonter I usually agree with you, but on this post you got one fundamental thing wrong: it is not India that wants Chinese investment, it is China that needs to invest in safe instruments that will yield high rates of IRR. Since the Chinese market has been saturated, the only other major location to achieve this goal is India. China can no longer expose themselves to US government bonds for obvious reasons so they need an alternative, their own internal market is in overcapacity too and Africa is not a large or stable enough market. The problem is, that previous attempts by China to directly invest in India has been rejected by India due to security concerns, that’s right, India has thrown Chinese investment out in recent times.
This is where the BRICS development bank (NDB) provides both countries the means overcome these hurdles, the NDB provides China a means to invest in Indian megaprojects and earn high IRR without rankling Indian security concerns.
China has to diversify its investments, especially in light of the instability of the Western fiat system and the impending implosion in the Chinese real estate sector which is in over capacity by 30-40%. That coupled with Chinese growth rates having peaked and their internal investment is now in stagnant surplus.
The need to decouple from the dollar is basic. For the US to have dollar as reserve currency means to run its military practically for free! Therefore the US is so sensitive in this issue that by itself has already lead to a couple of “freedom wars” like in Iraq and Libya. Russia (and China) are right trying to decouple from the dollar if they really want to survive as sovereign nations.
@ Anon 12 December, 2014 14:25 USA warning to India
“No trade with Russia”.
The Master of Chaos works non stop.
Obama front-funned and Checkmated, Again!
Americans have short memory. Indians will not forget NY Prosecutors/NYPD treatment/arrest of their NY Embassy Official.
Bet on it. Obama visits India in early January so Mr. Putin’s visits with agreements is all the better.
The Empire of Chaos is going down for all to see. The recent CIA report on torture puts in more disrespect for the once “Exceptional Great.”
~ ~ ~ ~ ~ ~
@ Aunnaki
why Russia is unfazed by falling oil prices. Why should they be stressed. Unlike all the rest, oil at $70/bbl. Behind the gulf producers Russia stands at No.3 in profitability.
Only 2-3 years ago, oil went from $147/bbl to $35. Did Russia collapse then? So why the focus now? Only to demonize.
See here: The Mexico peso and Canadian dollar collapse.
The oil price casualtiesjust hit Wall Street. Oh those derivatives not yet in play. Just wait.
= = = = = =
The bank run for the only genuine money continues. Austria joins the queue. Why are central banks asking for return of their gold?
Interesting reading on http://www.globalresearch.ca
1. The Rise of German Imperialism…,
2. Frack the European Union…
What’s in the bag ?
what Russia means to India and how much Russia has done for India .
On December 10, 1971 at the peak of the India-Pakistan war, Russian intelligence tracked several British warships, led by the aircraft carrier Eagle, moving towards India’s west coast. The advance of the British fleet was aimed at applying pressure on India and lifting Pakistani morale.
In response, Moscow despatched the 10th Operative Battle Group of its Pacific Fleet under the command of Admiral Vladimir Kruglyakov. Seeing the Russian ships the coward British retreated but the threat to India did not go away as the United States sent its mighty Seventh Fleet to show its support to Pakistan.
To bolster its flotilla in the Bay of Bengal, the Pacific Fleet in Vladivostok sent cruisers, destroyers and nuclear submarines, which encircled the US Seventh Fleet. The Americans backed off and India was able to finish the job of liberating Bangladesh and end the genocide of Bengalis by the Pakistan Army. The US Carrier, ENTERPRISE, and ALL its escort boats with Marines fled and ‘disappeared’ when Soviet submarines surfaced, pointing their missiles at it. Check ‘1971 war: How Russia sank Nixon’s gunboat diplomacy’ on Google. Even the usually coward British carrier off Karachi in the Arabian sea fled to Madagascar.
http://www.counterpunch.org/2014/12/12/is-kaliningrad-natos-real-target/
but India has more of 5th columnist than russia could ever hope to have.those traitors are britisha nd american agents and are not ashamed of this fact. in fact ex-the unelected pm mmsingh was one of those traitors who sold India to anglos interests.
Indian anglophile class -especially indian english language media -is a race of Coolies and traitors.
The same class of Indians who are doing propaganda against china today are the same people who forced Rajiv Gandhi in December 1987 to make friendship with china(and recognise Tibet as part of china) why-? because the usa had ben friend with china since 1984 and wanted India to be friend too as opposed to russia.-therefore the Indian parasite class made the Indian foreign policy viz china not to suit India but to suit American interests-it is doing the same but in revere direction this time because their Anglo-American masters want them to do so. the same Indian elite class (for example the president of Ranbaxy ,a sikh, chairman of FICCi some mr. singh at the time in 80s was vehemently opposing any defence increase of buying of defence equipment while asking for friendship with china BECAUSE IT WAS desired by usa in MID-80s). the same FICCi is making propaganda against DRDo and(with 6% of defence budget) and Indian scientists saying it has not kept the development of innovations and kept the 50 yrs. old mig 21 not in shape!.)
Modi has to purge the Indian government and bureaucracy in order to develop reasonable and friendly relations with China (and other nearby nations). So, it won’t happen overnight.
In the picture of the meeting between Putine and Modi in The Hindu, for which a link is provided, the Indian Prime Minister seems to be wearing a “Scarf of Saint George”!
In diplomacy, small signs can sometimes convey crucial meaning… LOL!
Merkel stridently “demands” Russia not to call in their eurobonds’ accelerated repayment iron clad bullet proof clause to Ukraine which will cause Ukraine to default.
If Russia calls the accelerated repayment of their eurobond, then other eurobonds may also be called. This ends with cascade defaults throwing the EU economy into a vicious downward spiral. Ukraine defaults and the entire EU-USA-IMF Ukraine scheme goes up in flames together with the European economies.
This is as serious as a freight train coming at you at 150 mph. Who will blink first? Mighty judoka Putin has the aces in this poker game :lol:
No wonder Hollande and Merkel are in panic mode.
This seems like a reasonable explanation why Putin didn’t annex the Donbass as Ukraine could invoke a force majeure for defaulting on eurobonds for being at war with Russia.
Dear Saker and friends,
Things are running fast and History is accelerating (really, how idiotic must Fukuyama feel right now?)
– The oil price bloodbath is continuing apace.
– Many experts believe that under current price levels 80% of US shale oil production is unprofitable. I think it’s 100%. Let alone Canadian tar sands.
– All currencies are depreciating against the US$. This will whack US multinationals’ profitability. It also lessens any potential benefits for oil importers like Europe, Japan and S. Korea.
– Western oil companies’ stock prices have fallen even more than the ruble has.
– HY debt markets are reeling and oil derivatives are now on the hook.
– The US Congress has approved a plan so that US banks can be bailed out again. I wonder why that is.
– On the military front, NATO is moving advanced weaponry in the Baltics. Abrahm tanks, and fighter jets. Are they planning a second front there?
As for the India-Russian summit I can’t really offer an informed opinion. It seems that concrete and important steps have been taken, but something more maybe was expected. I will leave that to people more well informed than me on Russian-Indian relations.
But ultimately, I really don’t think that India will sell out to the West. The Indians are not Ukies, or Poles or Estonians, ready to crawl on all fours so that permission will be granted for them to clean western toilets. India knows that it is a grand country that has to be independent (kind of like China and Russia) if they will ever make some serious progress in the world.
p.s. This is a clip from an American financial analyst who sees that an endgame is brewing on a global scale. He has some interesting things to say about China and their fledgling relations with the Saudis, the oil price collapse, the US$, Russia, gold, the narco trade etc… The only thing that I think he gets completely wrong is the ease with which he seems to believe that the EU could unravel. I urge you to listen carefully to what he has to say about BNP Paribas, UBS and Credit Swiss, their relation to Arab gold, BRICS disinvestment from the US$ etc…
The president of “Ukraine” agreed upon the introduction of martial law in the breakaway Dobass and Lugansk regions if the negotiations,which should be short and efficient and involve the international community,are fruitless. 10 days of negotiation will be enough for the introduction of the martial law in Crimea also,the territory Ukraine lost to Russia at the beginning of the conflict. Tyagnibok also added that Poroshenko “does not want the repeat of the Russian scenario, when Russia led “aggression” against Abkhazia and South Ossetia turned them into “frozen conflict territories”.
Opinion: How can a president of a foreign country impose martial law on the territories he does not control? With Crimea being one of the biggest military bases there is,the proposition sounds even more ludicrous.
http://u-f.ru/News/u342/2014/12/12/697447
Global Markets Lose $1 Trln This Week on Cheaper Oil.
http://sputniknews.com/business/20141212/1015791401.html
I recently posted this comment on another thread,here.
“No sovereign nation needs a ‘central bank’ a Treasury suffices.
The Treasury issues currency,debt free! and controls the quantity, then.. voila! liquidity enters the market place of real things!.
The problem for Russia and V.V.P is that Russia is not financially sovereign since the Gorbachev years,endorsed by Yeltsin.
The ‘Gordian Knot’ solution is only possible once all other parts of the puzzle are in place!”.
Two points: some on this blog do not understand the subject of ‘money’ in Russia.
The Central Bank of Russia is really a central bank of Washington,through the IMF system.
A mechanism starving countries of local capital,’opening up’ nations to asset stripping,by indebting them to foreign capital.
This institution is not like other central banks,it is anti-russian, people like Nikolay Starikov and Evgeny Fedorev understand,Russia is NOT financially Sovereign.
Central Banks are designed to take wealth from the producers and send it the parasitic ‘Sovereign Bond Holders’….Greece?,Cyprus?…
Both the UK and US introduced income tax in 1914,claiming the war made it necessary,this was false,but accepted,the US created the IRS at the same time as the FED.
Tax receipts pay the interest on Gilts…Treasuries,it is just a wealth transfer sysytem.
Bill Still(BillStill.com)is a film maker and can explain much more than this comment can.
As can G.Edward Griffin,a.k.a.
‘The Creature from Jekyll Island’.
cheers.
I hope Putin is finaly getting the message?Being weak and that is what you got from the West:
Moscow Slams New US Law on Lethal Aid to Ukraine as ‘Confrontational’.
http://sputniknews.com/politics/20141212/1015789787.html
Russie/sanctions: l’Ukraine salue le vote des USA.
http://www.lefigaro.fr/flash-actu/2014/12/12/97001-20141212FILWWW00415-russiesanction-l-ukraine-salue-le-vote-americain.php
Russie : l’Ukraine appelle l’UE à sanctionner
http://www.lefigaro.fr/flash-actu/2014/12/12/97001-20141212FILWWW00398-russie-l-ukraine-appelle-l-ue-a-sanctionner.php
Bankrupt Ukraine now forces the UE to take more sanctions(to give them billions,weapons)…when this ‘joke’ is going to end?
Porocho wants to declare ‘martial law’ in the Donbass..and please don’t laugh,also in Crimea.
If you want to know which way the Indian elite will fold when American pressure is brought to bear, try counting how many of them educate their children (roman style hostages), own hotels, and other real estates in the United States. If a few russian oligarchs owning property in Florida and Cyprus can obstruct progress in Russia, just think what those elites in India will do when their investments and sacred nest eggs in every U.S state gets threatened. All this is predictable if you care to look past the minutiae and focus on where the assets are. Who’s interests are really aligned with who’s, because none of them give two bits about patriotism when it comes to assessing costs. When it’s comes to 5th columns and copradore elites, India is an American vassal through and through.
@ Sankara Faso 20:48 Dec.12, 2014
You know nothing about weak most of the Indian oligarchy is. Only the Ambanis the Tatas and the Mittles (not the EU based steel magnate) are the only 3 houses that wield any power. They are are ardent nationalists who are still subordinate and vulnerable to the state.
@SankaraFaso
I just read the rest of your posts and am genuinely surprised at ignorance of facts exhibited therein. Your assumptions and suppositions regarding India, it’s diaspora and the relative strength and influence of it’s so-called oligarchy are as far away from the facts as you can get.
This is a country where most of it’s oligarchy is politically weak, subordinate to the state and laughably uninfluential (with the exception of the Ambanis, the Mitals, and the Tatas). In addition, most of the diaspora (roughly 80%) are supporters of the more rightwing and nationalistic/Sovereignist side of the BJP. It also is made up of a diaspora that unlike other diasporas regularly move money and investment TO India, many return to India during retirement because their money has 5 times more buying power in India than in the West. In addition, after having lived so many years in the West many are not impressed by baubles they saw in 1970s, they can get the same and better baubles in India (because their dollars go a long way in India). The cultural and family draw back to India is stronger than you seem to understand.
You also seem to be ignorant of property and land values in India, the value of land in Indian urban centers are on par with Expensive Western cities, however the land ownership laws ensure that you lose title to your land if you give up your Indian status. So the Indian elites have more to lose by divesting from India than investing in the West. Thirdly there are significant barriers to re-entry into the Indian market for Indians that lose their Indian citizenship or status (for instance purchasing land) therefore the Indian ‘elite’ (as you put it) maintain as much presence in India as abroad. In others words the scenario you drew is inconsistent with these facts.
Your assertion minus supporting facts that India is an American vassal is laughable and seems to be a shoot from the hip projection rather than conclusion drawn from facts. Which of the true American vassals in the EU, Japan and the Anglosaxon countries just recently signed hundreds of billions of dollars of new deals with Russia and Iran despite severe sanctions demanded by the US of it’s vassals? —> None of them. Yet India has done precisely that, therefore it cannot be a vassal. Things are more complex than that..
On a slightly different subject: http://www.salon.com/2014/12/11/these_are_lies_the_new_york_times_wants_you_to_believe_about_russia/
No comment needed.
http://news.yahoo.com/ukraine-cheers-us-vote-military-aid-russia-outraged-205849643.html
Now it starts again….. Four nations hunt an unknown sub in British waters.
Hunt for Red October… off the coast of Scotland: Britain calls in Nato patrol planes to search for rogue submarine after periscope is spotted
http://www.dailymail.co.uk/news/article-2867929/Navy-ask-French-help-hunt-Russian-submarine-thanks-defence-cuts.html
South Africa and Russia are also strengthening trade ties in response to the sanctions against Russia.
Russia and South Africa to agree agriculture deal following food import ban
Sanctions-hit Russia resumes South Africa seafood imports
Then there’s this story about a nuclear power deal between South Africa and Russia, with hints that it may specifically be designed to exclude other countries.
Nuclear Deal With Russia Brings Political Storm Clouds in South Africa
This is the clip that I promised in the post above but failed to provide. Some very interesting points made. Most of the claims made in this clip seem to fit well with other information/speculation concerning global geopolitics and economics:
http://media.tfmetalsreport.com/audio/TurkeyJackass.mp3
@SankaraFaso
The USA are nowhere near powerful enough to put pressure on every major region of the planet. They are now giving their all in order to undermine Russia and hence have to extremely careful with everybody else. Trying to be as hostile with India as they are with Russia will seriously undermine their global standing, making the urge and tendency of creating a pan-Eurasian anti-US block even more powerful.
Anonymous said…
what Russia means to India and how much Russia has done for India .
===================================================
Russia has done a lot not only for India but for many countries in the world and has been stabbed in the chest by many of them.
Russia has done a lot for Germany after everything what Nazi have done to Russia.
Russia has done a lot for France, Bulgaria, the Baltic states, Ukraine etc…
Russia has written off plenty debt to many countries..
Russia had done a lot for Monte Negro and now even this small country is stabbing Russia into the chest…
Once Nazi, today Natoist
.
@Anon 00:16, Dec. 16,2014.
India is not Germany, India is Eurasian/Asian, Saker understands exactly what that means culturally and emotionally.
Joat said, “No sovereign nation needs a ‘central bank’ a Treasury suffices.
The Treasury issues currency,debt free! and controls the quantity, then.. voila! liquidity enters the market place of real things!.”
Yes….the USSR had a big government easy money system like the one you and Bill Still(MMT) love to promote. How did the easy ruble system work out for the USSR? Of for that matter…how do you think easy balance sheet money printing by the Federal Reserve Bank on behalf of its partner the US Treasury is going to end?
Anonymous said…12 December, 2014 14:27
“That visiti was kind of a flop.
First, the number of nuclear reactors negotiated was much lower than what had been floated before Putin’s visit.
Second, everybody (let’s be honest) expected some kind of deal to sell a bunch of Sukhois to India and stick it to the French. Didn’t happen.
So the deal between France and India is probably on and again this highlights the lack of solidarity among the BRICS nations.”
Nice try. :D
Don’t look at this video, it might complicate your job further. ;)
https://www.youtube.com/watch?v=J38eKcQWimk
Sukhoi is doing fine in India. As for France, I can see Israel’s boitoi Hollande being ordered down the line to withhold French built fighters from India if India continues dealing with Russia. And he’s the sort of zio-quisling that would do it, too. Look at his record. :D BTW, the French aerocrap is (or was… :D ) only to serve as interim hardware until the Sukhoi/HAL FGFA planes are ready. These aircraft will put India in the front row with an all round better front line multi-purpose aircraft than anything Europe of the USA will be fielding.
A lot of people have been worried that Modi was western/zionist owned and would move India away from Russia. I think these agreements are a positive indication that Modi is not going to do a Yeltsin. Russia can also help normalise relations between India and China, something long overdue and needs to be done for the benefit of the people of both (and Central Asia in general). The ZPC/NWO wants to fuel Indian-Chinese tensions. The ziofascists have their work cut out for them trying to convince Indians to give up their dream of real independence and return to the status of an enslaved colony. No doubt they and their minions are working 24/7 on every means conceivable to try and bring about such a dependent outcome for Indians.
вот так
OT – but very Russian.
Big break: Russians search for cat who sneaked $1,000 feast at seafood shop
http://rt.com/news/213931-seafood-russian-cat-missing/
“…Some have been worried about the cat’s health – as he’s eaten a lot of dried, salty fish – but experts say the animal should be fine, and could have helped himself to some water, Dvtur reported.
Both local and social media have been choosing names for the seafood lover, with some suggesting he be called Hooligarch or Inflatio. The cat was pronounced a hero and promised party membership on St.Petersburg’s Onion-like “communist” website.
“This cat is Robin Hood or Che Guevara,” the site quoted its fake party head as saying, adding that the feline simply brought revenge upon “bourgeois and foreigners” who could afford buying goods at the seafood store, unlike “workfolk.”
The now famous ginger thief was also promised permanent employment by Russia’s well-known cat tamer, Yury Kuklachyov. The founder of Moscow’s Cat Theater was not joking when he said he was eager to pay for the damage the hungry feline cost the shop, and feature him in one of the theater’s performances.
Cat lovers on Facebook have gone even further, suggesting that a monument be erected in honor of the feline at Vladivostok airport, which would become a symbol of “optimism and appetites” for Russians.”
вот так
Breaking:
Two days of meetings were
brought to a screeching halt
when Gordon Duff spoke at
the Damascus conference.
Seated on his right, and
speaking next, was Colonel
James Hanke, US Army Special
Forces (ret). On his left, the
Syrian Minister of Justice Najm
al Ahmad and Mike Harris.
Handling the camera on this
short video is Jim W. Dean.
This may well have been the
first time in history an American
intelligence team of “non-activists”
gave a military briefing to an
audience of this type, including
key military leaders of diverse
tribal forces throughout Lebanon,
Syria and Iraq, a Russian delegation
and others from around the world.
You could hear a pin drop.
Video Total: (around 7 and a half mins)
Keynote Speach, Damascus Terror Conference
http://www.ForbiddenKnowledgeTV.com/page/26886.html
P.S. Please share ForbiddenKnowledgeTV emails
and videos with your friends and colleagues.
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anonym said “everybody (let’s be honest) expected some kind of deal to sell a bunch of Sukhois to India and stick it to the French. Didn’t happen.So the deal between France and India is probably on “
completely wrong. already Indian defense minster had said four weeks ago that French plane had been selected and all formalities must be finished before end of 2014 for final signature for deal to be singed on 15th or march 2015.
so there never was a question of ditching French plane for that.
so Russia did not lose anything.
the Indians know that Russia is the only true friend of India.
Saker….I noticed your question and answer interview with Mikhail Khazin linked at Jesse’s Cafe Americain today. Thank you for facilitating a worldwide conversation on the nexus of monetary affairs with politics, history, religion, and empire.
I want to link to PRESIDENT VLADIMIR PUTIN’S “STATE OF THE UNION” SPEECH TO THE RUSSIAN STATE DUMA on Russia’s ‘softpower’. It was mentioned by Daphne on another thread. It hints Vladimir Putin may be more than a hard power realist(Dugin’s idea) solely motivated by state sovereignty. Thanks Daphne!
Thank you for your comments, bob kay and Grieved. Much appreciated.
The Globalization of Central Banks by JC Collins gives more background on the unfolding crisis in world monetary affairs at the end of the timeline for the USD Empire. Russia is not included in the negotiations between the $IMFS(imperial system) and the BIS(Central Bank) system.
“The astute reader will notice that Russia is not included in the list, which likely has a lot to do with the recent demonization of Russia in the western media and the attempts by Russia to be included into the broader multilateral reforms. We could potentially see a situation down the road where China turns its back on Russia and the BRICS alliance is fragmented, but at that point the multilateral financial system will be in play, which in such a case would suggest that China manipulated the BRICS development to its own advantage.”
I do not agree with JC Collins causal acceptance of SDR’s as the new world reserve asset. Such an alternative is merely a way to maintain the status quo empire system without the USD. The SDR limits sovereignty of states necessary for a multi-polar world. The essay hints that China may be a ‘comprador’ for the Anglo-Zionist Empire. I don’t know how to analyze or predict how the new world system will emerge, but we are in for some big changes in politics and economics. The major fault line is between the one world empire and the multi-polar impulse animating Russia today. I think this is not only a international struggle, but an internal struggle within nations. I do not think a monetary reset can be accomplished with SDR, as the world savers will lose 100 trillion USD. The SDR is still a ‘basket of promises to pay”. Who will trust someone’s promise to pay after the looming losses in USD promises to pay? Gold is the natural reserve asset, as it is no one or groups currency emitter’s promise to pay. Anyway, it is fascinating to observe these events real time and to have access to many points of view.
saker ,you seem to miss the point of coward anglos strategy. they do not want to win over russia-they want rusia destroyed or made impotant and weak that will serve their purpose.
if they can ruin russia by bombingoir sanctiosn that will do.
russia should have interfered with earlier.
atleast russia Tums not allow england to take through money protection racket all the money from bahrain and qatar while russia is made to starve on low oil price.
russia must not let anglos prosper.
Napoleaon’s attack on Russia plotted by england(to which the Great Napoleaon himself admitted).
Considering the extent of the disaster( at battle of Auterlitzs and of Ulm before that in 1805 -instigated by england with money stolen from India), The Austrian Emperor said
“THE ENGLISH ARE DEALERS OF HUMAN FLESH, THEY PAY OTHERS TO FIGHT AT THEIR PLACE”.
And English are too coward to fight on their own-they have never won a single war on their own since Boar war in 1899 and that too with all resources of loot from empire.
The English plotted to have Germany fight agasint Russia in first world war and thus destroying both powers in Europe.
Second world war was also plotted and started by evil English race.
The england and its stooge US (and its allies) both support and fight ISIS, ISIL, IS at the same time, in Syria, Iraq and wherever else they brew it. End result? Chaos but chaos which serves a purpose: out of chaos comes a divide and conquer type of new world dominance, hegemony kind a chaos. Brilliant hey?
We are living in a topsy turvy world, where might is right, evil is good.
@StavrosH
When you put it in such abstract terms as USA vs India/the world, yes, you’re right, it’s too big a risk to be seriously contemplated. But the reality is that the USA did strong arm the majority of nations in the UN General assembly to tow the line on Ukraine against Russia. The few nations that voted their sovereign interests could be counted on one hand. They’ve been operating this way a lot lately, and have yet to encounter serious opposition as you suggest would occur. The fact is politics on this level is more local than it appears. And when those wholly owned subsidiaries we refer to as the elites of the various countries come under pressure, they make a very logical choice between self interest and the nation’s interests, a distinction that is hard to appreciate when speaking in abstract terms the way you phrase it. The USA doesn’t have to confront India, just the compromised elites of India. Now perhaps I’m a bit more naive than you are, but in a nation of nearly 1.2billion people, in which the gulf between the elites and the poor is as wide as India’s, you don’t get rich enough to own a hotel in NYC, unless you can be counted on to put your own interests above the common good at the drop of a hat. Choosing India’s interests, effectively means closing shop overseas and returning home as just another Indian in India, where you can be held to account for your disproportionate share of the nation’s wealth, it’ll take a saint to make the righteous choice under those conditions . It’s really that simple. This was the principle upon which the Britannic Raj operated in the days of the Maharajahs. It worked then as it works now, and there’s precious little evidence that the system has changed for the better today
@ Avarachan – thank you for this summary, and for your links. I don’t know who you are but I’m glad you’re here – and thank YOU Saker once again for producing commentators out of the (relative) blue for us to read.
Thanks for the link and credentials to the Russia and India Report (RIR) (www.indrus.in)
Thanks also for the word on Bhadrakumar in your comment at 12 December, 2014 17:57 – many of us had seen his work and had also wondered how credible he is.
Saurav Jha is one of those young people, it seems from his Twitter feed, who never sleep and are interested in everything – thanks, Avarachan, for the link to his commentary on the Putin-Modi summit.
So it appears that India and Russia had some arrears to make up for, some ground to back-fill, in order to come to the present, and this has now been achieved. These are fundamentals and not in themselves flashy items, but without them there is no going forward. And now both countries are reaffirmed in their loyalties to each other. Splendid.
I must say that it was here in this blog that I learned from Saker of the long standing friendship between Russia and India, a relationship specifically energized from the early seventies.
Thanks to the Anonymous comment here in this thread somewhere, I did check 1971 war: How Russia sank Nixon’s gunboat diplomacy – on RIR of course. Now I see a lot more about Russia and India, and more from older times about the true character of the West.
These are exciting times. So glad to see India aligning so strongly with Russia and China – the three countries will each be of enormous spiritual and material benefit to the other two.
Thanks again Saker!
The event was low key affair – and it is not a bad thing. For starters, most of big Indian media is owned by conglomerates who have inclination towards US/UK. Secondly, most big work happens in silence – ask any big tycoon or scientist. In less than 24 hours total deals signed were upwards of USD20 billion (and running to many years). Let me see if Mr. Obama can match even half of that. Indian babus understand, Russia is willing to walk forward if asked to. With American arrogance, that is unlikely.
(1)India and Russia strategic partnership is a fact. (2) Indian Russia political and cultural relation is not as varied as with the USA/UK(One sided may be). None of this is going to change soon. Considering these facts, the effort can be how to push it stronger in one direction or in many directions.
It sounds they have worked hard to get it going at a different level. Investing in India gives a whole different perspective. India is also a big market for established players.
(1) Thus – without knowing too many details – the helicopter project is a good start for Russia. This could be expanded to aviation sector or manufacturing in general.
(2) A business team from Crimea was in India, and there has been initiative between business communities. This is the right thing to do.
(3) The Nuclear plants – this has been a pricey and messy affair with environmental, legal and other risk. It is an ambitious start.
(4) The diamond/jewelry industry is happy from India side – both sides gain.
Overall excellent achievements and way to go.