India

[macdon02]

I have warned continually that the Sovereign Debt Crisis will unfold not so much by people selling government debt, but by the lack of people buying new debt. The greatest peril is when there is NO BID for the new issues because all governments are operating a PONZI scheme. The sell new debt to pay off maturing debt. Currently, holders of Indian government debt have been dumping 4.7 billion rupees ($73 million) of government bonds on average every day this year, according to data from the Clearing Corp. of India. Last year, their net daily sales totaled 368 million rupees.
The Sovereign Debt Crisis emerges when the government is unable to raise enough cash to pay off the maturing debt. India has crossed that threshold so as we have warned, the Sovereign Debt Crisis will begin from outside the USA and spread to the core. This is how all Empires, nations, and city-states collapse.

Looks like Modi has his hands full trying to peddle off debt to pay interest. Not sure we want to be selling them grain anyhow maybe the tarrifs are a good thing?

[makar]

Happy i stocked up on ammo.

[furrowtickler]

Not to worry our leader is there to encourage them that the budget will balance itself ... 👎👎

[ajl]

The pulse tariff is more about the Indian government going bankrupt than anything else. They need cash now. India today, China tomorrow and then the fat lady sings.

[biglentil]

Venezuala just issued its own national oil backed crypto currency and was so successful they are issuing a second gold backed crypto. A roadmap for other nations to follow? The US sanctions are backfiring badly imo.

[AlbertaFarmer5]

But will other sovereign nations allow (force) the first domino to fall, knowing that they are all interconnected. I suspect this party will go on longer than any of us expect or hope it will. The next iteration of QE is inevitable to buy the maturing debt to postpone the inevitable collapse.

[the big wheel]

If all other countries take trump up on his idea he wanys no trade no nothing with other countries it will make the Roman Empire collapse loom like a minor event. And that is bad for all of us. We love speaking Russian Chinese as our official language.