Editorial
By Dhiren Shah
Hello Readers,
Trump landed in New York on Monday afternoon before his Tuesday indictment proceedings. It is a high-profile case. The first president, former or current who has ever been indicted. There are partitions across the whole country. Thankfully, there were no incidents despite the many Trump supporters and anti-Trump protesters who showed up.
Despite the President’s history of making questionable comments, no gag order was issued, so he is free to speak on his behalf. However, the judge did warn against anyone on either side making inflammatory comments. This all goes back to a porn star who did not follow a non-disclosure agreement she signed. She is free with the support of some powerful people.
April 4th, 2023 will be remembered always, as a former President was under arrest and fingerprinted. Many politicians, including Republicans and Democrats, have already stated that the case brought by DA Bragg does not stand well. After the arraignment, all eyes went to Mar-a-Lago and Trump’s speech hitting against the allegations.
Trump is not a simple guy. He may have done a lot of wrong things. However, this case is not solid, and it is not a regular federal case. By eliminating election fund raising information, it may not be a state case either. Let’s see what happens. The timing of the case and the proceedings of the case in December 2023 or January 2024 seems to be strictly political. That does not mean that Trump is above the law. A president or ordinary person should follow the same law. Being a former president, they did not handcuff him or do a mugshot, which is a wise decision.
According to CNN, $130,000 was given before Election Day of 2016 by Trump’s former Attorney Michael Cohen. He made a deal with president at the White House in 2017 for Donald Trump to pay Michael Cohen $35,000 per month for 12 months, which is $420,000. The question arises, why did Cohen wait for almost one year to collect the money! With the other account, still $60,000 was more than his account. According to Alvin Bragg, $60,000 was a bonus. When someone gives a bonus, it is usually the right way. So, there are many questions that arise from this. It will be interesting, so we all must wait for the case.
Vostro account system, controlled by Reserve Bank of India, is going worldwide. About 35 countries has shown interest in Indian Rupee transactions for international trade. So far, 18 countries have already signed the agreement, including 60 banks in those countries which include the UK, Germany, Russia, UAE, OPEC (for Asian countries), and another 17 countries have shown interest to sign an agreement to make transactions in a Rupee exchange.
Now, China is trying its currency for international trade. China has already made a deal with Brazil for their official currency, the Renminbi (RMB). We all think of the Yuan as China’s currency. But that’s not the whole truth. China’s official currency is the Renminbi (RMB) which means “people’s currency” in Mandarin. A yuan is a unit of the currency. A popular analogy draws from the British pound sterling vs. the pound: renminbi is the name of China’s currency, just as sterling is the currency of Great Britain. So, the U.S. has to be careful about our economy.
Have a wonderful week. I’ll talk to you next week.
