Communism.., how it was supported by India. The Soviet Union had nothing actually.
They have gas and crude oil, but then they
depended on India for a lot of things like
fruits and most of it was tea and tobacco,
is what they imported.
But then we had the Rupee - Ruble trade.
But the Rupee- Ruble trade was tagged against
India.
For example, for one time when you could buy
the exchange rate was wrecked like instead
of getting 32 Rupees to the ruble, they would
get 38.
So there was a three-way play here, between
US dollar Ruble and rupee and the mafias on
both sides in India and in the Soviet Union. They actually played this game.
never scams, where they would create these
companies, fake companies on paper just to
play with the currency.
The other thing that India did was to give
arbitrarily high prices for the defense equipment.
So it's a Cash for Clunkers scheme.
It's no wonder that it's no surprise that
the Soviet Union collapsed right after the
Indian economic crisis.
Then once the Soviet Union collapsed, we had
the WTO and the globalization regime.
Now globalization is exactly the same as draining
wealth and getting labor.
So it continues the mercantilist policies
of the 19th century.
The only difference of course slavery is replaced
by voluntary servitude.
You provide the labor, you provide the raw
material, but the ownership is of course by
the Western corporations which make the profits
and the IMF loan for India to require higher
interest rates and devalued currency.
So when assume you devalue the currency because
as soon as the foreign company comes in, their
purchasing power in the near future is its increase, they get more resources for the money they invest.
One of the things Manmohan Singh did as part
of the globalization of 1990s was to give
16 percent guaranteed profit to power companies
like Enron.
It's only the foreign companies, not Indian
companies.
The pattern regime was tailored to help the
West keep control.
If you look at the WTO agreement, you will
see that subsidies are banned.
But then the western companies continue to
get subsidies because they have a loophole there.
They have a loophole which says for research
purpose you can give money, you can go grants,
but that is nothing but an indirect subsidy,
you give it the university and the corporation
works with the university and they come out
they develop a drug and then they even get
there, they get a patent, even though it's
taxpayer-funded money.
But if India subsidizes a pharmaceutical industry,
it's going to face WTO sanctions.
Now, one of the reasons that the Western economic
models keep collapsing they are all Ponzi schemes.
So what happens is, what the American System,
it requires a future generation to bail out
the current generation. It's completely dead driven.
For example, their social security requires
an expanding population to fund the retired people.
Otherwise, it's going to fail the population.
The Next Generation has to have a higher number
of people than the previous generation.
Now, this is why, there more immigration of
Mexicans.
Otherwise, the banks will collapse, social
Security will collapse.
This is not out of love for humanity that
they encourage immigration now.
It is purely to support the banks.
And since the 1970s, you will see that the US has been on life support every ten years or so, they had a bailout.
They had an airline industry bailout in the
1970s and the 1980s there was what was called
the Savings and Loan crisis where the small
investment firms were going under, they had
to be bailed out, and then in 1990s long-term
Capital Management a hedge fund failed.
It threatened to take down the entire banking
system and so there was bail out then, and
of course again in 2008-09, we saw the bailout
with the mortgage crisis.
Now that bailout scheme is what they have
perfected.
What they want to do is to create, to make
India pay with the next bailout.
And this is the other reason that every economic
theory is a theory of looting India and the
way they are doing it will come to that.
