By leveraging high tariffs and other sweeping measures against India, the United States is driving down the rupee and draining its foreign-exchange reserves—laying the groundwork for a subsequent financial offensive aimed at an all-out financial harvest of India.
You need a constant flow of American dollars for that. Even China with it's $19 trillion economy has been trying for a decade and has not achieved that
No such thing. India was the only country to announce it will not replace the dollar as soon as Donald Trump was sworn in.
What is this? How can you consume anything irrespective of cost? Who will give freebies for consumption? There is always a limit of how much forex one has. In case of USA, there is a limit on how much others are willing to invest (buy USD bonds) in USA
Remember that USA needs foreign currencies as its debt is piling up and very few are now willing to get more dollar bonds. This is why USA is going berserk. So, the long line of western customers won't do much here. It needs countries outside of western sphere who will buy its goods. Western countries are anyways puppets who will just hand over money at one or other pretexts like sanctions, LNG etc
No major country, whether China, Russia or India wants to replace dollars as it is not favourable to them in long term. Instead it is better to use dollar's openness and make the most out of it by undervaluing one's currency
Who told you that Russia and China don't want to replace the dollar especially when China has been encouraging and increasing its lending of yuan all over the world?
