In more recent times if you replace Britain for USA, and India for the rest of the world (since the introduction of the US-petro dollar in 1972) it's exactly the same thing. Instead of stealing the US prints it's own currency and buy commodities. Meanwhile the world buys in USD and pays interest on USD.
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- How Britain stole $45 trillion from India
How Britain stole $45 trillion from India, page-4
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