Falling Short: What’s Next for Modi & Who Will Determine his Future?

All right, hello everybody and welcome to Geopolitical Trends, where truth matters. Once again, excited to be with you. I know we just did a live stream at about, what, 12:00 hours earlier. So once again, but this is— this time is different because I have none other than Jayant Bhandari. You guys been asking about him. Well, he's right here. I'm going to bring him in and we're just going to dive into the conversation. So Hi, Jayant.

Uh, hello, David. Uh, thanks for having me again.

Of course, of course. You are now a friend of the show. Anytime I mention you, everybody's like, please bring him back in. And I always promise the community that I am gonna be bringing you. And usually you travel around the world a lot, and I always tell them, hey, that depends on his schedule. When he's available, he lets me know, and usually we do it. So Anyway, very, very excited to have you here because I like to get your feedback, inputs, uh, insights, analysis, whatever term you want to use, about the recent outcome elections in India. Now, those elections, in my opinion, have shaken the trajectory now for the country which is the most populous nation on Earth here, uh, except now we're going to be seeing something different. And the question I would like to start with is, who's going to be controlling Modi right now since his party doesn't have majority?

Well, firstly, David, I don't think the trajectory of India has changed because of this election. Um, India was falling apart. India was going into a crisis mode continuously, and it— that has been going on for since the time the British left the country. So India has been on a path to degradation for the last 76 years. So these are small hiccups about the outcome of elections. But the fact remains that India is falling apart. It's getting worse by the day. And it does not matter who controls the country. Modi is— I don't like him at all, but he's just a symptom of the underpinning cultural problem to do with the country. Uh, now, uh, people usually ask me, uh, how does, uh, he not being in majority matter to the country? You really have to understand one cultural underpinning of Indian society, and the cultural underpinning is that India has no concept of honor. There's no concept of contracts. There's no concept of friendship. There's no concept of individuality and respect for what you agree with. So your friends and families are your actually biggest enemies. That is why people hide their gold in, in the ground without telling their own family members. And they erect huge high walls around their houses because if you don't, then the neighbor will shift the fence overnight. Now remember this, that even if you have a majority in the country, the people within your party are your biggest enemy. It is not the people outside your party which are the biggest enemy. It is the people inside your party who are the biggest enemies. And that is why I guarantee you that Modi hasn't slept well for the last two decades. He has never slept well ever in his life because he cannot trust the people around him. I absolutely guarantee you that the bodyguards he has don't have bullets in the guns that they carry. And if, and if at all those are guns, they are very likely fake guns. So you have to understand that this is a country without honor. This is a country where you can trust absolutely no one, and the people closest to you are your biggest enemies— your friends and family. People within his party have been plotting against him for all these years. Now, the only reason they stick with him is because of inertia and because he has the power, and because those people have failed to collude together against Modi. Otherwise, each individual within that party is dreaming for something to happen to Modi so that he could get into a position higher than he is currently. Now, now, that does not mean it changes— that, that does, that does not mean that the not having majority is not a problem for Modi, because now it creates another layer of problem with Modi. But I absolutely guarantee you that trucks filled with cash are moving around the country, trying to do horse trading, trying to buy other party members for the BJP so that he could stay in majority. So that game is going on right now. But that has always happened. Modi has always been in an electioneering mode. Uh, from day one, he has been— he has only one public policy, that, and that is to win election either through fanaticism or through offering freebies.

Yeah. What about the people? What about the Indian people? I mean, I know some people in India that, you know, they are educated, but they have no, no sort of opportunities for employment because the government is not creating this. The government is not sort of taking care of infrastructure and so forth. So what happened to the people? Isn't the government supposed there to sort of— Modi in this case, he's been in power, what, over two decades, almost two decades now, 14 years to be exact. What has he achieved economically speaking that we can talk of?

Well, he cannot achieve anything, David Oualaaloualou. I usually like to say that in an organization of two people in India, there is one person too many. People can't organize in that country, people can't trust each other in that country, and people are completely unskilled. If I need a plumber in San Francisco, I call someone in to do my repair job. If I need a plumber in India, I might need to pay him only a couple of dollars to do my job, but he will create 3 more problems or maybe 5 more new problems for me before he leaves. So I'm better off doing my plumbing job myself in India, and that is what I actually do. So the problem is that Indians are responsible for this status quo, and that is why I always say that Modi is just a symptom of the problem. Modi is not the problem of the country, neither is Modi the solution of the, of the country's problem. And you know, David, you only have to look at any video to do with Modi Look at the background. The background is chaotic. There are wires hanging loose in his office. There's something— a lot of things are wrong about his background. And the reason is that nothing in that country goes well. People cannot be trusted. People are completely unskilled. And that is the core problem of the country. The core problem is India. Indians are irrational and they don't have the moral fabric. They don't have the honor system. And that is why India will continue to degrade irrespective of which party is in power in that country.

And yet Western analysts are saying, well, the economy of India is going to sort of be— as a matter of fact, I heard some Western think tanks saying that, that the economy now of India, it would be considered like the third in the world. And I was like, hold on a second, Where are you guys coming up with these statements from? And even one of our viewers, uh, uh, in, in the channel here, uh, wrote— his name is Connie Lee 9678— he wrote, and I quote here, Dr. David, the Indian government has been claiming for each of the last few years that its GDP growth is higher than— in— that is higher than that of every other country. What would be a way of verifying the calculations of their figure, which sound a bit dubious? End of quote.

What do you guys—

what do you think, John?

Well, it doesn't matter, uh, David, uh, even if you consider Indian GDP growth to be 10%, and let's assume that for mathematical purpose to be 10%, it is erroneous to compare GDP growth of a country with GDP per capita of $2,500 with a country whose GDP per capita might be $60,000. So if the United States with $60,000 per capita GDP grows at 1%, it adds $600 per year to its per capita GDP. Whereas if India adds 10% to its per capita GDP, it only adds $250 to its per capita GDP, which means that India would still be growing at half as much pace as the US would be growing with its much relatively insignificant percentage-wise GDP growth. The issue is, David Oualaalou, and we learned this in the middle school, that you cannot compare percentage with percentages unless the baseline is similar. You can't compare the growth rate of a mouse with a growth rate of an elephant. And that is what the error these big economists do. A lot of them are actually empty suits and they really are naive and illiterate on cultural basis. They don't really understand that there's a difference between people around the world. The religions are different, cultures are different. They just look at graphs and think that every country would eventually follow the way China or South Korea did.

Yeah, well, that's why I always was wondering when Western think— saying, I mean, I read some in Bloomberg arguing that, well, the economy of India is like now the third. What to me was like, okay, how come we don't see that sort of trickling down to the average citizen in India? That's to me common sense. It's because—

well, yeah, because they are again because they're comparing GDP with GDP, you again have to compare GDP per capita. Uh, GDP does not make any sense in comparison because populations are so different. India is the most populated country on the planet, and after India, comparable to India, is China. And then the populations of the world countries fall very rapidly. So of course Indian GDP might be number 3 or number 4 in the world, But then you are comparing Indian GDP with that of, uh, either France or Germany or the United Kingdom, uh, but then the Indian population is about 15 to 20 times as much as that of those countries. So you really should be comparing GDP on per capita basis, not GDP.

Yeah, and they are not disclosing this, Jayant, what you just explained right now. This is exactly what they are not disclosing. And I think it's by design to mislead the masses into reading when India is going to— I mean, I even read somewhere where it says that it's going to overtake— the Indian economy is going to overtake that of China. I was like, what? Well, it's ridiculous.

So, so 24 hours back, I was in China, David. I spent a lot of time in China. We invest in China, uh, through the Hong Kong Stock Exchange. I love China. China and India are not comparable at all. If you wanted me to move to China and live there, I would very, very happily do so. I, I get freedom in China. I get conveniences, comfort, and facilities in China. If you wanted me to move to live in India, I will shoot myself. That is how different the two countries are. The— you should not even be comparing India with China. China is a sane country. China is a rational country. You can have a decent existence in China. You cannot have a decent existence in India. I like to say, David, without any exaggeration, that Indians live lives of cockroaches. They live and die like cockroaches. And that's what you see The moment you land in India, things are chaotic. People don't really have a sane, dignified existence in that country. Yeah.

So why, why— this is just like, to me, from look— from looking out, looking in from outside in, why is India is not working with China, for example, to— let's say, we all know China is good in infrastructure. Why is India not working with China? Why did India refuse, for example, 5G when the US pressured India? Why, why the government is not doing what's gonna benefit the masses?

Well, again, the concept of benefiting the people does not exist in the minds of Indian politicians. They actually want Indians to stay poor and wretched and in constant trouble. Because that keeps them under sanity, that keeps them— and that ensures that the politicians can continue to control the people of the country. Now, Chinese government, despite whatever it is, whether you like the concept of how the government there works, the fact is that they are singularly focused on improving the lives of Chinese. You might not agree with their method, and I might not agree with some of their methods, but they singularly focused on improving the lives of their people. Now, uh, David, my dad ran the only printing press in central India, and, uh, we did— my dad did most of his work for what is now the BJP. So I know these— I have known these people very closely. I have— I was friends with what are some of the ministers in the government. The problem is that these People have absolutely no moral values. They have no ethics. They have no interest in the common people. They actually want Indians to stay poor and wretched. So, but at the end of the day, the problem, David, comes back to the same thing, that you can't blame anything on politicians because these psychopaths rise into positions of power because Indians do not have a rational and moral fabric and they have no concept of honor. They are very tribalistic, and that is how they vote, whether they vote in India or when— or whether they vote as immigrants in other countries. And as a result, they end up precipitating psychopaths into positions of power. Modi can do nothing about it. Indians, if you talk about them, about their educational achievements or about prosperity, you realize that they don't really They don't understand the concept of education. They don't understand the concept of skills development. They think that getting a certificate is all that matters.

Yeah.

The only things in terms of getting power and getting into a position of power, whether they are skilled or competent in what they do is completely immaterial to them. It does not even come to their minds. And that is what this cargo cult mentality concept is about. People should search for cargo cult mentality on YouTube and they will understand what it means. But this pretty much means that these people have no concept of education, no concept of skills.

I'm going to share a screen here with the community here about something you wrote on X, on Twitter. And, uh, you guys take a look here and, and I'll have your, uh, comment on it, uh, uh, John. Okay, there we go, full screen, and I am gonna rewind this starting from the beginning right here. So what are we looking at here, John?

Oh, a bridge fell apart. And this is my tweet from a couple of months back, I think. But then you can actually go back today to my Twitter account and there's another bridge that fell apart. Uh, Indian bridges fall apart all the time. Indian roads get washed away all the time very quickly. After a single rain, virtually all roads fall fall apart. The accident rate kills close to 200,000 people every year in that country. About half a million people get crippled in those accidents. So close to a million people suffer major accidents every year, assuming that the data is correct, because most of the people never even go to the police to report their issues. Infrastructure cannot be built in that country. Again, because people don't have the concept of organization, they don't have the concept of honor, and they don't have the concept of skills. These civil engineers are not competent. But also remember, David, that which— close to 50% of the revenue that construction companies take get from the government to construct infrastructure ends up as bribes for bureaucrats and politicians. Um, some people tell me that it can be as much as 80%. When I used to physically work in India— I still do several things in India— but when I used to physically work in India, the proportion of bribe was about 15%, 1-5%. Now it is close to 50-80%. People have no skills. And as you correctly mentioned earlier, India should be the back office of China. That is the only hope for India. But then Indian politicians don't want India to improve because Chinese would actually help India become a better place. But then no one wants that, and they have created a huge amount of animosity about China within the minds of Indians.

So, so is this by design basically from the inside the institution?

No, this is not by design. Indians cannot design anything. There's no deep conspiracy of politicians. The, the fact remains that every single Indian is atomized. He thinks for himself, even within his organization or his party. He thinks for himself. He's, he's just trying to acquire as much of resources for himself as possible. Without any moral or rational constraints. And as a result of that, entropy is the only thing left over in that country. It, it ensures that everything corrodes away, everything falls apart. But at the same time, they are also sadistic. When you give position of power to people who are completely incompetent and brain dead— and David, I don't— I'm not exaggerating any of the things here. When you meet an Indian politician or bureaucrat, you have to— you start thinking if you're talking to some kind of a chimpanzee. They are totally brain dead. And so they are also very sadistic because you have raised people who are completely incompetent into positions of power. And as a reason, they are sadistic. They really want— they enjoy watching other people suffer. That's very surprising. That's one thing that I don't really fully understand, but that's— they are extraordinarily sadistic. And again, I'm talking this because I have watched these things from close distance. My dad, as I earlier said, ran the only printing press in central India, and I've known these people at close quarters.

Wow, wow, wow, wow. That's, that's so sad. That is so sad. So, uh, let me go back to talking about the economic aspects here. And the reason I want to mention this one here, uh, uh, giant, is because they are again— and, and usually I read from different sources, uh, to sort of see what the trend is. And then of course I make up my own mind. But what I was, uh, observing is that the narrative is going towards now the greatness of India and so forth, when the reality there is nothing to back it up. Like for example, uh, one of the articles mentioned that India will be now bogged down by internal politics and economic issues that will limit— and here is where I have a hard time comprehending— have a, uh, will limit its ability to project geopolitical influence. Now, which geopolitical influence are they referring to here? And does India have any geopolitical influence?

No, India has no geopolitical influence at all. As I said, India has no honor culture. No one trusts India. There's no— no one really relies on India for anything. Even Russia and the United States knows that when time comes, India will backstab them. So Russia and the United States, who at different points of time on different occasions are the closest friends of India, are only there for convenience. They, they fully understand that they will get backstabbed when the time comes. Now, you know, people always have rationalizations for why India failed, and India continues to fail. It will continue to fail. And in fact, my suggestion would be that having a minority government is actually a good thing for India because it, it creates a situation where politicians are more fearful and it enables the fact that tyranny does not rise completely. It does not— they completely— they can't completely go against good people of that country who stand up against, bad policies of the government. So a minority government historically has always been good for the country. Uh, that said, it does not matter whether you are in majority or a minority. Indian economy, David, for the last 5 to 10 years has been stagnating. You really have to look at the realities of India to understand that India has been stagnating for many years now. Now David, you know, I also see these figures of 8.4% growth rate in India. But then you also realize that a lot of that growth rate is coming from massive infrastructure work being done, work which has no value, which will actually have negative value for the future, a massive environmental crisis, because these roads don't really provide roads to people, they fall apart after a single rain. Bridges fall apart all the time. And that will lead a legacy of environmental crisis in the country and a huge financial liability because this is debt-ridden infrastructure development. The second problem is that in— growth rate has been exaggerated. It has not been discounted properly for inflation that's been happening. If you do that, the growth rate is much lower. Also, you can, you can look at the details. One major thing is that India has benefited hugely from buying Russian oil and supplying that to Europe at an international price. Now that differential adds to the Indian GDP, but that's not really a productive GDP growth. That's just an outcome of a lottery ticket that India got because Europe has decided to ignore that Russian oil is coming via India. So, you know, just because you're benefiting from a lottery ticket, it does not mean that your GDP has actually improved. It hasn't. In fact, David, deindustrialization is happening in the country, which is very funny.

Wow.

People for the first time are moving back to villages from urban areas. Because factories cannot employ people, they cannot provide enough salaries for people to live in urban areas. So as many as 60 to 70 million or more people have moved permanently from urban areas to rural areas. So deindustrialization is happening. Now there's another thing that is happening. The people, the companies that are connected with the government people who are not necessarily— who are actually not value creators. They are just politically connected people who are making a lot of money. That is just a transfer of money from the pockets of poor people to pockets of rich people. And that might be showing off as GDP growth, but that is not in real terms GDP growth. And it is certainly not a symptom of improvement of wealth, of the welfare of people. I have not seen the kind of poverty and begging that I have seen over the last few years since the 1980s. So, uh, poverty among people has increased drastically in the country. Desperation has increased, and as a result, crime is increasing in the country. And of course, David Oualaalou, one ever-present thing, as is water around the fish, is the fact that corruption is just so common in the country. Everyone asks for bribes and shamelessly asks for bribes.

Wow. Well, you are spot on on the idea of the inflation because I looked at some, uh, I went back about, uh, give or take 3 years or 4 years or so, looked at some stats because I usually keep an eye on these kind of things. And guys, I'm gonna provide you the link in the description later on. For now, I just want to share the screen with you as far as the inflation based on also, uh, that coincide with what Janet has mentioned. So take a look, here's the screen. And again, uh, please, Janet, correct me if I'm wrong, because the way I read these stats here, this is from the 2011 to 2020— to 2020, we're talking about 3 and a half years now or so— and the inflation was only going up here.

Yeah, well, David, I don't— you know, if you ask an Indian about the inflation in the country, an Indian will completely dispute the idea of 7% inflation rate, which is what your graph shows. Inflation rate in India is much higher than that. It's, uh, you know, people talk about double-digit inflation rate in that country. And that by itself will tell you that the GDP is not being adjusted properly for inflation.

Yeah, well, this one is by the IMF, even though this is where I, I get very sort of, uh, uh, wary about what they're writing because they're saying that the GDP at that time was between 7 and 8% when Moody took office. So And it drops.

Well, at the end of the day, IMF uses the baseline data, the raw data provided by the Indian government, and virtually all data is cooked up anyway. Uh, you know, you, uh, and I know people who do, uh, you know, economic surveys in the country, and they, they tell me that you just make up data to, uh, to satisfy the, the, the politicians and bureaucracies. And so you really can't depend on data. And I'm fully aware, David, that people talk about how bad data from China is, and maybe it is. I, I don't see it with my eyes. I'm extraordinarily impressed with the progress China has made, but Indian data is totally fake. And I'll tell you one thing very interesting. I was talking with a chartered accountant friend of mine. He's a— he's in a very senior position And he was telling me that you can pretty much fake absolutely everything in the country except for the old, the past historical bank transactions. Apart from that, you can do anything in that country. You make up all data. You really can't trust anything to do with that country's data. Wow. Wow.

Wow. Wow. Let's move on to talk about what do you see moving forward with BRICS, given now that it's become evident and clear, especially after the G7 meeting, which was a, which was a farce and fiasco anyway, uh, the, the, the GDP percentage for the G7 in comparison to that of BRICS. And the reason I'm mentioning this, because India is is part of BRICS. Well, I want to tell— I want to have your insights about the growth of BRICS. Where do you see it going with now a handful of countries are now expressing interest to joining BRICS? Where this is going to go?

Well, I, I continue to think that the only thing that— only two countries that matter in BRICS is the, the— is China and Russia. I also understand that countries are going to start leaving the American influence and start moving towards Russia and China influence, uh, because America is increasingly becoming a chaotic place. Its politics is not reflecting what used to be the Western philosophical values. So as time passes by, the West is continuing to become a weak society culturally. And as a result, the power will continue to move towards Russia and China. And as a result, those people who are sitting on the fence— fences like Saudi Arabia or UAE— they will move increasingly towards the Chinese and Russian influence. Um, so that is where the center of BRICS to me is. If you think that Brazil or India or Pakistan will have ever any influence on BRICS, you would be in error, because again, no one trusts these people. They don't trust each other, uh, and they don't, uh, honor their part of the contract. So no one will trust India and Pakistan. And again, when I say Indians, I also mean Pakistanis and Bangladeshis, which are pretty much the same people. It's not about their religions or politics or nationality, it's about the culture of these people. And as a result, these people, whether they are a part of BRICS or not, they are non-entities. They are nobody countries. No one cares about them. They tag along just to look important and for politicians to show off to their people and people to think that the country is doing something while half of Indians poop in the open. Wow.

The other thing, uh, giant, that I— and I have to ask your, your opinion on this since you are in the financial world, so you're under— you have a better understanding and you're in a better position, uh, to sort of share with all of us your insights about this. With the changes that's going now, as far as the speed by which countries are de-dollarizing, and with the rise of now the another system that can counter the SWIFT system, where this is going to lead now vis-à-vis the global economy moving forward?

Well, we are looking for a very chaotic future, not just financially but also politically and socially, because the spine of the world, the— has been Pax Americana. America has been on the driving seat for the close to 100 years, 70 to 80 years now. And before that was still Pax Britannica. The, the British were ruling the world and making sure things were organized enough. I think the world is headed towards a major crisis because the West is increasingly becoming weak. America will, uh, is within, within two decades will have an ethnically non-European majority, and this will result into a politics of America increasingly reflecting third world values, which will increasingly be a product of the demographic demographics of America. So America will continue to become weak very rapidly over the next few years. The Western society, which is dependent on America, will continue to become weak. So clearly I see the power shifting towards China. I'm not sure, David, if China is capable or ready to take over its control as Pax Sinica, the control of China over the world, firstly because Chinese are not interested in running lives of other people. So the world will become increasingly chaotic, but if I have to rely on something, a pillar, a straw, or a, you know, a floating log to survive myself, I am looking at East Asia because East Asian countries will continue to be more stable in the medium term because they have not done what the Western countries have done by making themselves weak. And as, and, and also the third world countries, as I have repeatedly said, are not emerging markets. They are actually de-emerging markets. They are regressing towards their pre-colonial status. So the world is in a very chaotic situation financially, politically, and socially. So, but the pillar that will survive in the medium term will be East Asia— China, Korea, and Japan. The problem is they are not ready or capable of taking over the world at surface. So the large parts of world will be very chaotic with time.

Yeah, well, you're right about, uh, specifically about China not wanting to take control of the world. I mean, I've been, uh, following this for, for quite a while, and I'm convinced, uh, they have never been interested in this. And that was— I always made the argument, uh, Giant, and please correct me if I'm wrong here, that I always argued that the next, uh, global order, the setting of the global order, which will be a multipolar, which we are in it right now anyway, we're moving from a unipolar to a multipolar. I've always argued that this one's going to be based on economic blocks, not ideology. And this is where I'm like wondering, what will a country like India do? Because India has both feet on both sides of the fence. Well, how long can you stand like that? Uh, Philippines having the same, Australia is doing the same, Japan, South Korea, even now in Europe. I'm sure you're aware of the demonstrations that's going on in France right now because they want to— people wanted to leave the EU altogether.

So Well, as far as India is concerned, David, I have made it very clear India will not even exist in a few years' time. India will fall apart. India is completely hollowed out already. There are no institutions in the country. Let's, let's talk about one very brief example, David, if you, if you allow me a minute.

Sure.

I was talking with a friend about something that never occurred to me in my mind until recently. I told him that, hey, I had never given a driving test in the country, uh, in India. And he was surprised, and I never thought about it because I took my driving license when I was 12 or 13, um, never went to a driving test office, never had a driving test. And then this conversation continued, and I, and I realized that I don't know anyone in India who has ever given a driving test in the country.. And then I called around a few friends of mine to check if they know what a driving test means in India. No one really even knows what a driving test means. So everything is based on bribes. If you go to the driving license office in Bhopal, which is where I grew up, the capital city of central India, the outside the offices are tens and tens, maybe 50 or 100 benches of agents who collect bribes for the people inside the small office. And this is right opposite the BJP's headquarters in the city. Now the chief minister knows about it, the justices knows about it, the, the commissioner of police of Bhopal, the DGP of Madhya Pradesh, they all know about what is happening. It's right in your face. But so common is corruption, and so it's like termite has eaten away the innards of that country. There's no institutions left. So India will not exist in a few years' time because these are people who don't care about the country. They care about collecting as much resources for themselves as possible. Uh, so, and, and remember, India does not just have two, uh, one leg on one boat and one leg on another boat. It has actually also two hands, one hand on another boat and the On the other hand, on the fourth boat, there's no nothing. As I said, there's no honor culture, there's no rational fabric, there's no moral fabric. They have no friends, they don't trust each other. Um, and as a result, uh, the end— the end product is that, uh, India has no affiliations. So what the future will look like, will they go towards China or the US? Everything is a matter of short-term expediency and conveniences, and everyone knows about it. Now, what will happen to other countries, like countries in Saudi Arabia or UAE or Oman or Bahrain? I think they will choose China eventually because they will see China as a stronger pillar than the United States. Um, I'm not sure about Australia, but I think Australia will choose the same thing eventually. At the end of the day, their business is dependent on China. They supply a massive amount of resources to China.

Yeah, well, very interesting you mentioned this. By the way, guys, uh, just prepare a question or two. I'm gonna— we'll ask Janet later on after we cover this last part of this conversation. I'm glad you mentioned Australia, Janet, because the Premier, uh, Lee Chang, visited, uh, recently Australia. What do you make out of that? Is Australia realizing maybe we've made a mistake? Is China going to forgive Australia? How do you read that? How do you read that visit?

I, you know, I don't know what will happen in the short term. The issue is that Western countries are very reliant on the United States as the spine of the Western society. So it is very difficult for them to dehinge themselves from the United States. Now, uh, I, you know, I am a lover of Western civilization. I live in the West, West, and I love the Western philosophy. I love the Western way of thinking and living. But unfortunately, the thing is that Western society has decided to commit harakiri, to commit suicide. And as a result, increasingly these people, the fringes, the Australia, the New Zealand, uh, the Singapore, the Hong Kong, the, the even Taiwan will eventually shift towards, uh, accepting, uh, China as the, the, as the, as the anchor point. So, uh, I think it will happen slowly. And the thing with Chinese is if you interact with Chinese enough, if you think, understand their mentality, They are very patient. They, they will wait a few decades for things to shift in, into their favor. I, I also disagree completely that China wanted to take over Hong Kong or intends to take over Taiwan. China will patiently wait for those countries to come, would have waited for them to come to China, uh, slowly. Uh, the problem that is, that you see currently is because American Washington people, the Washington bureaucrats, thought that they wanted to agitate Hong Kong people and Taiwanese people. And that is what resulted into this international news. Otherwise, China would have just sat quietly on it, would have allowed Hong Kong to revert back to China in 50 years' time, which is 2047 or something. Taiwan to eventually revert to itself, to under the fold of China. But American bureaucrats are creating a situation where this thing will happen earlier than— earlier rather than later.

Yeah, very, very— you're absolutely correct. It's the idea of— for us here in the West, that's— but I speak for my country, I can't speak for others— for us to go and foment more tensions. Like for example, right now we have, uh, uh, what's her name, Pelosi, is in India. What is she doing in India for? So it's kind of just pushing for more, uh, for more, uh— I want to share with you, Giant, one comment that, uh, one of my viewers who happens to be an Indian from India, his name is Nish Bata Shara. So he wrote, and I quote, those who are saying in the comments that Giant Bahandari Lives in Canada and has done nothing for India. Do you think he could even if he wanted to? Have you seen what happened to Ravish Kumar? I am an Indian and yes, I am afraid for my future. Then again, if I migrate, uh, and the amount of anger I see for Indians in the comment section is making me get a cold foot, end of quote. So you got the point. That's you, you're absolutely correct as far as what you're saying. That the system is rotten from within. It's the same thing here in the US. Our system, we corrupted to the core. And it's sad to be saying this, but it's the truth. Uh, I'm, I am thinking about considering other locations in the world as we speak, and maybe I might end up in Asia teaching over there. Uh, that's something I have in, in the back of my mind. So All right guys, final word. Giant, I'll give you the final word before I'll open it for questions. Where do you see things moving forward for India?

Well, I mean, um, the, the, the commenter said the right thing. Uh, there's not much you can do in India. Um, I, I cannot help people in India. There's no concept of gratitude. If you don't have a concept of gratitude, you don't really, uh, accept virtues from other people. So you can't really help people. There's no critical mass in the country. And if they are good people, and you know, Ravi Shankar being one of them, Arundhati Roy being another one of them, they are all at the fringes. And Indians don't really like people with moral and rational values. So good people are always at the fringes, never in leadership position in that country. So yes, I completely agree with that.

Wow, wow. All right, we'll take the first question here. Uh, by the way, Jayant, uh, where can my people find you?

Uh, I have a website, jayantpandhari.com, and everything I do goes on that website.

Okay, well, you know what, I have the website right here in front of me. I'm going to put it for you guys in the chat box. It's right here. That's for Jayant, everything. You can also follow Giant on, on X. I follow him. We, we both— I, I follow his stuff on, on X, and I'm gonna put the link on once again for the, uh, his, uh, X account or Twitter account in the chat box. But I will have it in the description along with the full bio, because you need to read about Giant bio. You'll have a better understanding where he's coming from as far as the financial aspects of it. So let's take the first question here from Casual Walk. Uh, question: Intel company built factories and finally started to make profit in India. Indian government will then come up with excuse to fine or confiscate their asset. Does Indian government not care about credibility?

Well, firstly, uh, there's no evidence that companies can actually make a profit in India. I have been advising companies on investing in India. I have seen tens and tens of financial accounts of international companies operating in India. They simply cannot make a profit. When they do make a profit, by throwing through capital gains, and which is, you know, Vodafone had acquired the— I, I can't remember the exact details now, but there was a capital gains transaction, through Hong Kong, uh, company, uh, an Indian government retrospectively changed the tax law to tax Vodafone on that transaction. So India cannot be relied on anything. As I consistently say, David, unless you understand the cultural underpinning of the country, which is that there is no concept of honor, there is no moral fabric, there is no rational fabric, you cannot really understand their decision-making. Every decision is, uh, is based on the current circumstances and what is expedient to the people involved. So yes, you cannot honor them, honor anything, and they will take your money away when the time— if you ever make a profit. But the, the core problem is companies will not make profits in India. A rare one does.

Wow. Oh, uh, here is question from Freddie Mercury. Can you ask Jyot his opinion on Jassen Kaur? He's the foreign minister, right?

I believe. Well, I would call him, uh, lipstick on the pig, um, and, you know, lipstick on the pig for people who have a high opinion of him, uh, but remember, Jaishankar's son lives in the United States. He's He's an American citizen. In fact, virtually every politician I know of has some foreign document. So these are not nationalistic people. And he's just rationalizing. Jaishankar rationalizes all the crooked things to do with Modi. But also, you know, I don't even find him very intelligent. I listen to him and I know other people get very impressed with Jaishankar, but I listen to him and I think, Wow, this guy is, uh, really doesn't know what he's talking about.

Wow. Well, another question from AF Goden Carleon. Oh, I need to share this on the screen so you guys see here. What will the dem— what will be the demise of India in few years, as you said, and how will it go down in your opinion?

Well, so India is dead already. There are there's no institution left in the country. You, uh, you go to the High Court justices, you go to the Chief Minister, you go to any bureaucrat, senior or lower, everyone is interested in only one thing, and that is bribe. So India is institutionally dead already. But remember, a wooden structure eaten away by, by termite does not just fall apart by itself. There's nothing left in that structure, but it just falls apart suddenly. India will continue to fall apart slowly because again there's no honor culture, so there will not be major violence in the country. There will not be a revolution in the country. India has never had a revolution. So, but it will continue to decay very slowly, very, very surely over a period of time. Eventually, David Oualaalou, my guess is that all these countries, Pakistan and India, will end up with Afghanistan kind of system, which is a Taliban kind of local, uh, justice system. And it will shock you, David, but it will be an improvement on India, because currently if you get raped and if you go to the police station, you are very likely to get raped again. Under a Taliban system, at least you will not get raped again., or you will have less probability of getting raped again. So, uh, in my view, uh, India will decay into a Taliban kind of system. Uh, it will fall apart as a country. Smaller units, uh, running themselves as Taliban will emerge eventually to provide justice to people. Uh, now it will not be justice the way you and I look at justice. But it will still be an improvement on the current system because the current system is predatory. It, it rapes the raped woman again. So at least it will be an improvement on what current system is there in India.

Wow, wow. Uh, I'll share with you, Jayant, these two last statements here before I let you go. Here's the first one. Uh, Robert Leon, he wrote, thanks for bringing in Jayant So, and the JVP888, it's a giant. Tell it like it is. Indeed. And the truth matters. That's why I always say so. Giant, I can't thank you enough, brother. I truly, truly appreciate you carving out time for us here. It's always a treat. It's always a pleasure and very insightful, uh, sort of, uh, uh, insights you are sharing with us all. Here to learn about what's going on when it comes down to India. So I'm— on behalf of the entire community, I'll say thank you to you, and I look forward to seeing you again.

Thank you very much for the opportunity, David.

My pleasure, my pleasure. So, all right guys, I hope you find, uh, this informative. Like always, it is always a treat to have Giant here because we learn a lot from him. And, uh, I, I look forward to seeing you. Remember tomorrow to join me on the other channel And I look forward to seeing you either Friday, some, some, sometime this week. So I'll work on something for you. And, uh, as always, remember, geopolitics impact your daily life in more ways than one. Till next time, guys.

Bye-bye.