Thread by @MumbaichaDon

Thread :

Genius Biden’s latest (non-military) attack on Russia under guise of ”Sanctions" Against Military Offensive is...Banning VISA & MasterCard operations in Russia.

Now you might be wondering how does this matter? How much will it Cripple Russia?

Ready to know?

1/18

Well, plastic money otherwise known as Debit or Credit Cards & a host of other “online” transactions between owner of the Debit/Credit card & Recipient of money are facilitated by platforms like VISA & MasterCard (America), JCBPay (Japan), UnionPay (China) & RuPay (Bharat).

2/18

Nearly 99.9% of such transactions outside Bharat & China happen via VISA/MasterCard.

Shutting them down can cripple a country’s online financial transaction system. Seems like a hard hit on Russia.

BUT...if Russia replaces VISA & MasterCard with system of other 3 nations?

3/18

But what harm this will do to VISA & MasterCard is..more & more countries using them as their ONLY service will be wary of being at mercy of America who can use any Corporate entity as a War Ammunition. This is nothing but a Mad Man move & it's coming from "God Sent" Biden’!
4/18

Example....just yesterday Facebook announced restarting its services in Russia after Biden Govt ordering it to shut shop in Russia….leaving 1000s of small businesses who use FB, Insta & WhatsApp for Business in a lurch.

A small revolt points to something Big in future.

5/18

FB was a tight slap on Joe’s face. But Sleepy Joe did not wake up and went ahead banning Visa & Master Card in Russia.

So how does it affect US more than Others?

1st let's recollect which countries have alternative systems to Visa/MasterCard?

6/18

One can now understand why China was smart never to let VISA, MasterCard, Facebook, Google & Twitter to ever set foot in China and created its own parallel systems… be it financial or social media or communications.

7/18

This means China will survive ANY onslaught of US sanctions should it ever do something to piss the Americans off including possible Attack on Taiwan anytime after April.

8/18

Where Bharat stands?

"Intellect Liberals" are used to criticising PM Modi for everything...
you can NOW understand why HE created alternatives like RuPay & UPI.

In fact UPI is currently most efficient & robust Payments System in World. A marvel of Financial Engineering!

9/18

Today RuPay Card is freely & easily accepted in Bharat, Singapore, Bhutan, Maldives Saudi Arabia, UAE , Bahrain, Myanmar, Australia & South Korea.

Does that sound small? Okay. Read on.

10/18

Presently, RuPay Global Card variants - Classic, Platinum & Select are accepted at over 42.4 million POS locations, over 1.90 million ATMs in 180+ countries & territories via tie ups with VISA & MasterCard or DIRECTLY with particular country’s Reserve Bank.

11/18

Thanks to PM Modi being foresighted & pro-active, Bharat is secure upto a great deal from any US attack through Sanctions. Something it keeps threatening as we buy Arms & Ammo from Russia.
Also....Bharat is rising super power & US is known to have issues with such Nations.

12/18

If we look back, USSR collapsed because it was a threat to US’s position as the Big Boss of the World..

Smart is Japan. Why?..

Japan has always played 2nd fiddle to US in spite of being 2nd largest economy for a while, in spite of having most potent submarine force.

13/18

But that made Japan's Growth stagnant..Unlike China & Bharat.

Monopoly of US over plastic money through Visa & MasterCard is NO MORE a Monopoly.

Bharat,Russia,China & (if it wishes) Japan can create a strong alternate economic system to US & Europe.

Who loses, Mr Biden?

14/18

Infact, it has started already.

Russian banks have started switching to Chinese Card system "UnionPay"...2nd largest & fastest-growing global Credit Card network.

Chinese UnionPay acceptance network has recently expanded to 180 countries, including US, Canada & EU region.
15/18

Is Bharat missing the bus? You think so?

Russia has shown interest in accepting RuPay and MIR Cards within National Payment Infrastructures, as well as on integration of Unified Payments Interface (UPI) and the Faster Payments System of the Bank of Russia (FPS).

16/18

Russian Side has invited Bharat's Credit Institutions to connect to the financial messaging system of the Bank of Russia to facilitate faultless interbank transactions.

What? When did it happen? On 6th December 21 when President Putin visited Bharat in a whirlwind tour.

17/18

Present day wars are not faught Only Militarily....but on Economic Fronts Too.

US was Master with all Fruits in it's basket.

But Now..Bharat, China & Russia have Started GROWING their own Fruits & don't need US "Basket" as be4.

And lastly...Hats off to PM Modi's Vision.

18/18

@MandarSawant184 @alok_bhatt @rohanduaT02 @MeSavarkar @pallavict @curlykrazy07 @BesuraTaansane @thakkar_sameet @NAN_DINI_ @VandanaJayrajan