To think of a possible and simple explanation for the question, you have to first quickly read this article of the famous American economist, Paul Krugman: https://finance.yahoo.com/news/remember-u-doesn-t-pay-204354371.htmlhttps://finance.yahoo.com/news/remember-u-doesn-t-pay-204354371.html ….. “Most historical examples of debt crises took place in countries that borrowed in another country’s currency”… says Paul Krugman. What a diabolically ingenious way indeed to defendContinue reading “Why India transferred its Gold reserves kept in UK Central Bank vaults since 1991 back to its domestic vaults?”
Tag Archives: Geo-Political
“The People Vs Democracy”: In the court of the Hon’ble Sir Winston Churchill
The latest Pew Research Survey, summarised in columns of The Hindu today dt. 4 March 2024, reports that more than a third of the world in terms of number of nations — and much more than half in terms of population size— has already lost faith in Democracy as a system of governance. Zoom inContinue reading ““The People Vs Democracy”: In the court of the Hon’ble Sir Winston Churchill”
A Theatre of the Absurd in the world of Western Diplomacy
Two years into the War that has set Ukraine aflame and is nearly destroying the country, America and the EU — so-called NATO allies — now seem to be dancing around each other in a macabre embrace of death. Last week President Macron embarrassed President Biden by dropping a diplomatic grenade at a EU summitContinue reading “A Theatre of the Absurd in the world of Western Diplomacy”
A symptom of America’s creeping crisis of confidence
This colour coded map of America above that appears in the latest UK Economist magazine is so intriguing. The trend of home-ownership Vs home renting it tracks is truly mind-boggling. Such a sea-change in the complexion of the housing-industry in America in a matter of just 3 short years ?!! What happened? What are theContinue reading “A symptom of America’s creeping crisis of confidence”
WHY INDIA’s MIDDLE-EAST FOREIGN POLICY SEEMS TO BE BADLY PICKLED TODAY?
The answer to the question, in my humble layman view is … Because India’s relations with Palestine are emotional and towards Israel, they are transactional. Palestine reminds INDIA so much of the pain and the horrors of her own 1947 Partition when millions of people were displaced and rendered homeless and destitute. So India cannotContinue reading “WHY INDIA’s MIDDLE-EAST FOREIGN POLICY SEEMS TO BE BADLY PICKLED TODAY?”
The looming propaganda offensive against Euro-Arab History
Watch this 5-minute video-clip below to get a quick summary of one version of the history of the Palestine-Israel conflict … post the horrific October 7, 2023 attack on Israel by Hamas in Palestine. It is the Israeli sanitised version. For someone who has no depth of knowledge of History, this video-clip truly serves itsContinue reading “The looming propaganda offensive against Euro-Arab History”
“Chaos Theory” underlies American foreign policy right across the Arab World
I spent 25+ years working as an expatriate corporate manager in the Arabian Gulf countries from 1993 through 2020. In my line of work I travelled to many countries across the Middle East — UAE through Saudi Arabia, Kuwait, Egypt, Turkiye, Morocco … And I worked with many colleagues there who were Saudis, Bahrainis, KuwaitisContinue reading ““Chaos Theory” underlies American foreign policy right across the Arab World”
BRICS+6 Identity Crisis: An alliance of fair-weather friends or frenemies?
https://www.bloomberg.com/news/videos/2023-08-25/brics-identity-crisis The identity crisis of BRICS+6 in my opinion will emerge sooner or later caused mainly by the following 6 reasons: 1. China and India are going to be competitors in world trade in the next 2 decades. 2. India’s membership of QUAD which is a formation to contain China will very soon be conflictedContinue reading “BRICS+6 Identity Crisis: An alliance of fair-weather friends or frenemies?”
“Friendly friends”, “unfriendly friends” and “friendly unfriendlies”.
There are only 4 nations now in the world that have demonstrated capability to orbit and land space-vehicles on the moon — USA 🇺🇸 China 🇨🇳 , Russia 🇷🇺 and now the latest entrant into the exclusive club, India 🇮🇳. President Putin of Russia was the very first one to immediately send his country’s congratulatoryContinue reading ““Friendly friends”, “unfriendly friends” and “friendly unfriendlies”.”
The “Biden-Modi Agreement”: Over-ambitious equestrian acrobatics?
Prime Minister Modi is in the USA today ! And over the next few days INDIA and USA are expected to sign landmark long-term agreements which will commit the latter to unprecedented defence and trade ties favouring the former. India is said to be on the cusp of a so-called “heralding of a totally newContinue reading “The “Biden-Modi Agreement”: Over-ambitious equestrian acrobatics?”