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S.L. Kanthan

@Kanthan2030

Dec 2, 2024 • 10 tweets • 4 min read • Read on X

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🧵 Can Save Trump Save the Dollar with Threats Against BRICS?

I cannot remember Trump ever talking about BRICS, but the first time he did was to threaten the multilateral organization with 100% tariffs, if it creates a BRICS currency.

Why?

America’s prosperity depends on the “exorbitant privilege” of USD

This allows US to run massive budget and trade deficits every year.

Trump knows it.

"If we lose the global reserve currency status of the dollar, we will become a third-world country! "

In the past, US deep state & military would stage coups, assassinate leaders or invade countries if anyone decided to walk away from the dollar – Iraq and Libya, for example.

So much for freedom, choice, sovereignty, free trade, rules-based order, and free-market capitalism.

Trump does not talk about WHY so many countries want to join BRICS.

Two main reasons:

1. Weaponization of US dollar thru sanctions -- e.g., US stole $400 billion of Russia/s FOREX

2. Globalists use the dollar to create a military empire that causes perpetual wars & chaos.

Ask Americans why the USD is the #1 choice for trade and FOREX, they will tell you it’s because the dollar is strong, enjoys vast liquidity, and US economy is free, open and the best.

That’s propaganda.

The dollar’s hegemony is based on tyranny. And it’s coming to an end.

Ask the British, Portuguese, Spanish, French etc. about the history of their currencies.

Nothing lasts forever, especially the global reserve currency status -- see chart below.

#Trump #BRICS

US dollar’s market share in global reserves was 0 before the end of WW1. That’s right -- zero, nada, zilch.

British Pound, German Mark and French Franc accounted for 80% of the global reserves.

WW1 weakened Europe & gave the dollar a chance, although the share started to dwindle during the Great Depression.

In 1944 -- midst of WW2 -- US brought world leaders to Bretton Woods, New Hampshire, and forced USD upon them.

The gold-backed dollar lasted for ~25 years.

USD almost died in the 1970s, when it was revived by a deal with Saudi Arabia – this was the birth of the Petrodollar.

Having one currency dominate the world is imperialism.

The multipolar train has left the station. Everyone is seeking alternatives to dollar.

This includes trading in local currencies and also trying to create a BRICS currency -- democratic and free from sanctions.

It's going to take some time for the US dollar to lose its "King" status.

Look how long it took for the British Pound to lose its status after WW2.

So, the dollar probably has another 10-15 years.

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More from @Kanthan2030

S.L. Kanthan

@Kanthan2030

Mar 25

https://twitter.com/sputnik_india/status/1904442769982005418

My thread on the futility of Trump’s well-intentioned but misguided economic policies of trade wars and tariffs to revive American manufacturing:

https://twitter.com/sputnik_india/status/1904442769982005418

https://twitter.com/sputnik_india/status/1904442775099060527

Trump, Biden, Obama, Bush, Clinton, Reagan… it’s an American political tradition to impose tariffs, even though they have never helped create jobs or protect manufacturing! 😆

https://twitter.com/sputnik_india/status/1904442775099060527

https://twitter.com/sputnik_india/status/1904442780149326231

When the American Civil War ended in 1865, half of all Americans were farmers.

For them, working in factories was a big upgrade in wages and lifestyle.

https://twitter.com/sputnik_india/status/1904442780149326231

Read 4 tweets

S.L. Kanthan

@Kanthan2030

Mar 19

🧵A new era for India-China relations?

Two ancient Asian civilizations – India & China – account for 34% of world’s population & 50% of world’s economic growth.

They also have a 2000-year-old shared history.

Let’s explore the past and the future.

During his recent interview with Lex Friedman, Indian PM Modi pointed out that India and China had been friends for 2000 years.

He also played down the border tensions by saying that there's no real history of conflicts.

He focused on learning from and understanding one another.

Even 2000 years ago, scholars and monks from China and India were visited one another and shared culture, spirituality and science.

💠The most profound phenomenon was the spread of Buddhism from India to China. Now, half of all the Buddhists in the world are in China.

Yes, communist China has religious freedom, although the malicious US propaganda would say otherwise!

Read 11 tweets

S.L. Kanthan

@Kanthan2030

Feb 10

In 2024, US produced 82 million tons of steel… which was the same as it was in 1944!

But in the 1940s, America’s global market share of steel production was whopping 50%.

The deindustrialization cannot be reversed by Tariffs man Trump, who’s like Don Quixote.

Now, China is the world’s leader in steel and aluminium production, accounting for more than HALF of the global market share.

In steel:

China 🇨🇳 = 12x USA 🇺🇸

In aluminium:

China 🇨🇳 = 50x USA

The world’s top steel-producing nations

Read 5 tweets

S.L. Kanthan

@Kanthan2030

Feb 8

Two maps that reveal incredible racism in the US.

Look at the electoral maps of 1960 and 1968.

For decades, Deep South was very "blue" -- solid Democrat base due to progressive help for workers.

1960 -- JFK versus Nixon.

Arkansas, Texas, Alabama etc.... all blue states! Shocking, eh?

Then, in 1964, US passed the "Civil Rights Act," which gave blacks the right to vote.

And racist whites in the South could not handle it.

So, they gave up on economic interests & switched to far-right George Wallace, who famously said:

Segregation now, Segregation forever!

Since then, Republicans have always relied on the racist votes, although they were more subtle than today.

Here's Reagan campaigning in Mississippi, in the county where KKK members murdered black civil rights workers in 1964.

Reagan used "States' Rights" as a dog whistle.

The message was: "if you want to be racist and discriminate against non-whites in your state, the federal government will not interfere!"

Read 4 tweets

S.L. Kanthan

@Kanthan2030

Jan 25

Short but fascinating history of the founder of DeepSeek, the AI model that has taken the world by storm in the last few days. 🧵

It was founded by a rather eccentric hedge fund billionaire, Liang Wenfeng!

In 2008, Wenfeng understood the potential of AI.

For many years, he tried to find the perfect niche market to use AI.

After failing multiple times, he settled on finance — trading stocks.

He used AI (deep learning) to detect patterns.

Wenfeng decided to start a hedge fund. He named it “High-Flyer.”

Founded in 2015, it soon became one of the largest “quant funds” in China.

And he became a billionaire!

But… he was soon enamored with Generative AI, which is “smarter” than just detecting patterns. It was about creativity — the Holy Grail of AI.

Read 9 tweets

S.L. Kanthan

@Kanthan2030

Dec 29, 2024

Unbelievable racism in America.

Listen to this guy talking about Indians.

I don’t understand where so much hatred and misunderstanding come from in 2024.