Indian Govt. does not have sovereign freedom to decide how much currency is available for circulation in India ( M3) ,
whether by way of bank loans
by govt. deficit financing ,
or by the central govt issuing new currency
M3 quantum is managed by Reserve Bank Of India RBI ,
under control of IMF ,BIS ,etc.
in which India has no vote !
This summarises the Imperial Process after 1945 .
and thus India is a vassal of USA .
Another true axiom. what puzzles me is what prompts the central banks to prostrate b4 Fed reserve when all they have been asked is to bend. is it 'motivation', ignorance,fear or a combination of all these ?
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