|| SHANIWAR SAMWAD || 12-11-2022

 The world over the news is that inflation is making headlines and all issues are getting compounding. There is no visible solution in the near term. The issue of job cuts is increasing and it will increase going forward.

The US and Europe are facing similar problems with high inflation and looming recession. The war between Ukraine and Russia is still not ended which will increase all other issues the world over.

The high commodity prices are not softening either crude or eatables like wheat and rice. The poor countries are facing a double whammy due to their small foreign exchange reserve. The hunger problem is increasing due to this.

The pandemic is still there with frequent lockdowns in China which are adding problems in the market with supply chain disruption.

The market is still facing demand issues in the major parts of the world which are getting aggravated due to supply disruptions and war.

The reason for high inflation in  Europe with major dependence on Russia for gas, Germany, and Britain are major customers of Russian gas.

The problem is getting added by the sale of diesel from the US which is sourcing it from Russia.

The cost of living in major economies is increasing with salaries moving northward as the supply of labor is decreasing after the pandemic. 

The pink slip is being issued to the number of employees in the US and Europe which is adding problems. Whichever way it will go the chances of recession are increasing and how long it will stay is not clear.

The war and the western dominant financial system is bullying factor for the world, especially when Britain punishes any country with financial tools as it controls the system with its international financial center.

Right now, the international financial system works on SWIFT  gateways which are controlled by Britain, the major transaction is done on them.

The European Union central bank and other financial authorities are trying to get access to our financial system, last week they have derecognized our six entities which are controlled either by RBI or Stock exchanges, which is not comfortable for us.

Even, Japan also wants access to our system. But we demand the same which is denied to us. It is well known that our system is very transparent and secure compared to any equivalent system in the world. The system which we use has more data than any other country as we are moving towards digital systems very fast.

The dominant position of the western system is now challenged by us along with Russia and China to make more alternate systems is making them uncomfortable and they will lose their dominance in world politics.

The legacy issues of the west is making them uncompetitive viz a viz their Asian counterpart particularly China and India, both are not only the biggest market for all with the best-untapped talent. Till now, South Korea and Japan were part of the supply chain and engineering backbone for the west as they are dependent on western countries for the majority of their own requirements along with security.

Right now, our path of being truly independent and self-dependent will pave to make things fall as per our needs. The time is very opportune for us to make things work for us.