Weekend Economists Celebrates Psychedelia - March 14 - 15

[MattSh]

3. India forgets France's $22 billion Rafale fighter jet deal and pivots to Russian 5G fighter.

With each passing day, France’s blockbuster $22 billion Rafale fighter jet deal with India dies another death.

Western main stream media says very little about the blowback from Hollande’s disastrous Mistral pullback with Russia.

Their silence may have to do with the fact that Hollande’s decision to break off, the paid in full, Mistral ship deal with Russia has not only lead to India’s hesitation to do business with France’s Military Industrial Complex, but the country that will now be handling India’s massive fighter jet order is non other than Russia. Karma!

How big of a loss is this for Hollande, and how big of a win is this for Putin…let’s put it into perspective.

• By not delivering the Mistral ships, France will have to return the $1.45 billion (already paid for) back to Russia.
• France’s reputation as a trusted military arms provider has been irreparably damaged. Hollande cowered to pressure from Washington and failed to honor a contractual business agreement.
• India, seeing that France cannot be trusted to conduct business in good faith and with sovereignty, is now pulling back from a massive $22 billion Rafale fighter jet deal with France.
• The money allocated to the French industrial complex will now go to Russia’s military industrial complex.
• Russia may have lost two Mistral Helicopter ships, but it will get it’s $1.45 billion back from France, plus another cool $25 billion deal with India.

Who is isolated again?

Complete story at - http://redpilltimes.com/mistral-blowback-india-forgets-frances-22-billion-rafale-fighter-jet-deal-and-pivots-to-russian-5th-generation-fighter-jet-25-billion-deal