Summary of ट्रंप ने डुबा दिया दुनिया के बाज़ार को, भारत में पेट्रोल, डीज़ल, गैस के दाम क्यों बढ़े
In the video titled "ट्रंप ने डुबा दिया दुनिया के बाज़ार को, भारत में पेट्रोल, डीज़ल, गैस के दाम क्यों बढ़े," presenter Ravish Kumar discusses the significant economic turmoil triggered by U.S. President Donald Trump's tariff policies, comparing them to the demonetization in India. He argues that while Trump claims to be attacking the wealthy, the reality is that the financial burden is disproportionately affecting the lower and middle classes globally.
Kumar highlights that a substantial portion of the stock market is controlled by a small percentage of wealthy Americans, suggesting that Trump's actions may not lead to the redistribution of wealth as he claims. Instead, he draws parallels to India's demonetization, which ultimately harmed the poor while allowing the rich to accumulate more wealth.
The video reports on the dramatic declines in global stock markets following the announcement of tariffs, with significant losses in markets across Japan, Europe, and India. Kumar notes that the Indian stock market experienced a historic drop, wiping out trillions in value and affecting millions of small investors, not just the wealthy elite.
He critiques Indian Prime Minister Narendra Modi for remaining silent on the global economic crisis, contrasting Modi's inaction with the proactive stance taken by leaders from other nations, such as Singapore. Kumar expresses concern over the long-term implications of Trump's trade policies, which he argues could lead to a greater economic downturn reminiscent of the Great Depression.
Additionally, he discusses the rising prices of petrol and diesel in India despite falling global crude oil prices, attributing this to the government's increased excise duties rather than market conditions. Kumar emphasizes that the economic distress caused by Trump's tariffs will not only impact the rich but will also have far-reaching consequences for the general populace, including small investors and everyday consumers.
Overall, the video presents a critical analysis of the current economic climate, the implications of Trump's tariff policies, and the lack of response from Indian leadership, suggesting a need for vigilance and preparation for the potential fallout.
Presenters/Contributors:
Notable Quotes
— 00:05 — « The trade war over tariffs has started in such a way that even though bombs and guns are not being used, the pockets of people around the world have started exploding. »
— 07:09 — « The world last saw this in 1930 when the Second World War broke out due to a trade war. »
— 10:24 — « Trump is hitting sixes after sixes like Jayasuriya and the Prime Minister of India is getting himself photographed with the world champion cricket team of 29 years ago. »
— 12:10 — « The dream of Hindu Rashtra is being realised with the help of these young fanatics and the pearl of the nation is being lost. »
— 24:18 — « Do not be under the illusion that only the rich will die in this attack of Trump, if everyone dies then to say that Trump will destroy the gang of rich people born in the era of neo-liberalism is not worth believing. »
Category
News and Commentary