newYou can now listen to Fox News articles!
For the United States, it has never been more important to pay attention to Xi Jinping and his vicious ambitions for the Chinese Communist Party in the global economy. The Chinese Communist Party (CCP) is trying to make the Indian rupee the currency of his BRIC countries (Brazil, Russia, India, China and South Africa) in the latest ploy. If that happens, the U.S. economy will be devastated, India will be devastated, and China will gain power.
The Chinese Communist Party has been waging the Wei Jiu War for years. Wei Jiu warfare or “siege” warfare involves setting long-term strategic plans to gain power over an enemy rather than engaging in open conflict. However, this war could be deadly “by other means” as well.
The Chinese Communist Party has been working hard on this game all over the world. In March, Brazil and China signed a trade deal, abandoning the US dollar, and the BRIC countries announced the formation of a new currency, effectively kicking the US dollar out of trade with them. Even our allies and economic partners are turning their backs on the US economy as a better alternative to the rapidly devaluing US dollar. While France has traded oil with China in the yuan, Malaysian Prime Minister Anwar Ibrahim said there was no reason to continue relying on the US dollar.
How did that happen? We have become our own worst enemies. And we have no one to blame but ourselves. Our very own US Treasury. The Biden administration’s decisions have significantly devalued our dollar. We can’t keep spending the money we don’t have, we’ll just throw in more cash without considering the economic impact. The more money this regime prints, the more supply and less demand there will be for the US dollar. From a trade perspective, we import about 75% of our daily necessities. When the value of our dollar plummets, the countries that sell us goods demand more money.
China uses technology to ‘suppress its own people’, warns lawmakers of trying to limit AI exports
So you, the consumer, are paying skyrocketing prices. This puts the US in a dire position for communist China to exploit. This is how Xi Jinping and the Chinese Communist Party undermine America. A drop in demand for the U.S. dollar could make the Chinese Communist Party act like a weed in the garden. In addition to China’s malicious actions weakening its global standing, the declining demand for the dollar, combined with the decline, will continue to shift more countries to the renminbi and other currencies.
With the United States out of the picture, China can take the lead in the global economy. That is why forcing India to make the rupee her BRIC currency is in China’s interest, not India’s. If the rupee becomes a BRIC currency, its value will rise significantly. When this happens, the cost of buying imported goods will decrease and the cost of buying domestically will increase dramatically.
Click here to get the opinion newsletter
This is the exact opposite of what is happening in our economy today. The Chinese Communist Party is trying to saturate the Indian economy while the value of our dollar plummets. No economy wants to stay at one end or the other. That’s why it’s so important to strike a balance. A devaluation of the dollar means that consumers will pay more for imported goods, and when the Indian economy becomes saturated, it means that consumers will pay more for Indian-made goods. In both cases, China wins.
Chinese President Xi Jinping (Getty Images | istock)
Over 30% of India’s population is considered extremely poor, living on less than $1.25 a day. A further increase in the value of the rupee would make her third of the total population of 1.4 billion even poorer. A large portion of India’s underclass is already struggling to afford the basic necessities of life, and prices for Indian-made goods will skyrocket. As a result, the Indian government will be forced to import cheaper Chinese goods, strengthening the Chinese economy and shrinking the Indian economy. As in Latin America, India will lose jobs if foreign goods become cheaper to buy. It means political turmoil, it means riots, it means India in chaos. On the other hand, this would empower Xi Jinping, which is exactly what he wants.
CLICK HERE TO GET THE FOX NEWS APP
The global economy is ripe for exploitation. The United States and India must lead the way. I sincerely hope that India will not fall for Xi Jinping’s ruse. This ploy could throw India into chaos and destabilize the international order. We must do everything in our power to prevent China from gaining such control. If we have any hope of winning, we have to play our game, or at least understand Beijing’s game.
Click here to read more from our representatives.Mark Green
