Rupee is SINKING!

I do not believe any single person or party can change the current situation. First of all they need to understand basics of why rupee is sinking. Secondly they have to promote investment in developing manufacturing and other large scale exports (IT is good, but it is limited and does not generate direct employment to the millions of lower educated youth) and try and reduce petroleum imports/and or subsidies by promoting alternative energy, reducing traffic gridlock etc. Finally they have to execute these ideas properly - not like current UPA - flip/flop, acquire land then yield to farmer agitations or split states into two for votes instead of looking at economic impact etc. All this will take at-least 1 term of Govt., if not 2. I do not see this crisis is going to be sorted out any time soon. I hope I am proven wrong but I am getting used to the idea of 1US$ = Rs. 65 plus
Cheers,
Sid
 
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Hi Friends,

I found this Article on Facebook and thought of sharing,

Real story of American Dollar v/s Indian Rupee....................

An Advice to all who are worrying about fall of Indian Rupee

Throughout the country please ...stop using cars except for emergency for only seven days (Just 7 days)
Definitely Dollar rate will come down. This is true. The value to dollar is given by petrol only.This is called Derivative Trading. America has stopped valuing its Dollar with Gold 70 years ago.

Real story of American Dollar v/s Indian Rupee

Americans understood that Petrol is equally valuable as Gold so they made Agreement with all the Middle East countries to sell petrol in Dollars only. That is why Americans print their Dollar as legal tender for debts. This mean if you don't like their American Dollar and go to their Governor and ask for repayment in form of Gold,as in India they won't give you Gold.

You observe Indian Rupee, " I promise to pay the bearer..." is clearly printed along with the signature of Reserve Bank Governor. This mean, if you don't like Indian Rupee and ask for repayment,Reserve Bank of India will pay you back an equal value of gold.(Actually there may be minor differences in the Transaction dealing rules, but for easy comprehension I am explaining this)

Let us see an example. Indian petroleum minister goes to Middle East country to purchase petrol, the Middle East petrol bunk people will say that liter petrol is one Dollar.
But Indians won't have dollars. They have Indian Rupees. So what to do now? So That Indian Minister will ask America to give Dollars. American Federal Reserve will take a white paper , print Dollars on it and give it to the Indian Minister. Like this we get dollars , pay it to petrol bunks and buy petrol.

But there is a fraud here. If you change your mind and want to give back the Dollars to America we can't demand them to pay Gold in return for the Dollars. They will say " Have we promised to return something back to you? Haven't you checked the Dollar ? We clearly printed on the Dollar that it is Debt"
So, Americans don't need any Gold with them to print Dollars. They will print Dollars on white papers as they like.

But what will Americans give to the Middle East countries for selling petrol in Dollars only?

Middle East kings pay rent to America for protecting their kings and heirs. Similarly they are still paying back the Debt to America for constructing Roads and Buildings in their countries. This is the value of American Dollar. That is why Many say some day the Dollar will be destroyed.

At present the problem of India is the result of buying those American Dollars. American white papers are equal to Indian Gold. So if we reduce the consumption of petrol and cars, Dollar will come down

The Above Details are translated originally from Telugu Language to English by Radhika Gr.
Kindly share this and make everyone aware of the facts of American Dollar V/s Indian Rupee.

And here is a small thing other than petrol , what we can do to our Indian Rupee

YOU CAN MAKE A HUGE DIFFERENCE TO THE INDIAN ECONOMY BY FOLLOWING FEW SIMPLE STEPS:-

Please spare a couple of minutes here for the sake of India.
Here's a small example:-

Before 12 months 1 US $ = INR Rs 39
After 12 months, now 1 $ = INR Rs 62

Do you think US Economy is booming? No, but Indian Economy is Going Down.

Our economy is in your hands.INDIAN economy is in a crisis. Our country like many other ASIAN countries, is undergoing a severe economic crunch. Many INDIAN industries are closing down. The INDIAN economy is in a crisis and if we do not take proper steps to control those, we will be in a critical situation. More than 30,000 crore rupees of foreign exchange are being siphoned out of our country on products such as cosmetics, snacks, tea, beverages, etc. which are grown, produced and consumed here.

A cold drink that costs only 70 / 80 paise to produce, is sold for Rs.9 and a major chunk of profits from these are sent abroad. This is a serious drain on INDIAN economy. We have nothing against Multinational companies, but to protect our own interest we request everybody to use INDIAN products only at least for the next two years. With the rise in petrol prices, if we do not do this, the Rupee will devalue further and we will end up paying much more for the same products in the near future.

What you can do about it?
Buy only products manufactured by WHOLLY INDIAN COMPANIES.Each individual should become a leader for this awareness. This is the only way to save our country from severe economic crisis. You don't need to give-up your lifestyle. You just need to choose an alternate product.

Daily products which are COLD DRINKS,BATHING SOAP ,TOOTH PASTE,TOOTH BRUSH ,SHAVING CREAM,BLADE, TALCUM POWDER ,MILK POWDER ,SHAMPOO , Food Items etc. all you need to do is buy Indian Goods and Make sure Indian rupee is not crossing outside India.

Every INDIAN product you buy makes a big difference. It saves INDIA. Let us take a firm decision today.

we are not anti-multinational. we are trying to save our nation. every day is a struggle for a real freedom. we achieved our independence after losing many lives.
they died painfully to ensure that we live peacefully. the current trend is very threatening.

multinationals call it globalization of indian economy. for indians like you and me, it is re-colonization of india. the colonist's left india then. but this time, they will make sure they don't make any mistakes.

Russia, s.korea, mexico - the list is very long!! let us learn from their experience and from our history. let us do the duty of every true Indian. finally, it's obvious that you can't give up all of the items mentioned above. so give up at least one item for the sake of our country!with pride
 
Germans and Japs have built their economies on the same foundation and come up from down under to compete with the USA itself. China is another story

If only we elect good leaders instead of getting drawn into swadeshi/
videshi vish vash as taught to us by our leaders from colonial times, drastically reduce corruption and improve accountability, will we go some where.

Instead of vision, we only have reactions, so the state of affairs from
shoddy roads to ministries themselves.

Despite such a long period of being free, people r illiterate and poverty
stricken. small sparks will require a very long time to ignite.

If only we can have a model development in a small state, it can set the chain reaction. So looking forward towards AAP.
 
Guys I am not so sure that buying only Indian is going to solve all issues. We all belong to the world community called World Trade Organization. They all have rules (of-course set by the stronger western nations, but any organization is like that - look at BCCI), and if a member country does not abide by the rules then their products will be made to suffer higher tarrifs and will be uncompetitive in the global marketplace. BTW how many of us know that the reason the stock market and general economy of Indian grew and peaked was due to FDI and our participation in WTO and our IT exports - if the world boycotts Indian IT industry what will happen to the $80 billion we export. So instead of blaming multinationals etc., blame the Babus and Politicians who deal with WTO and other trade bodies, and then create policies that will help their friends and families.
Cheers,
Sid
 
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With the food bill, our economy is going to be further screwed.

Waiting for the election to throw this government out.
 
In my opinion, dosen't matter which Govt comes in. They are all the same "Opportunists"

"Tarbooz caku pe gire ya caku tarbooz per gire katna hai tarbooz ko hi".
 
With the food bill, our economy is going to be further screwed.
Nothing against poor and they have more right to food and resources than us. But in current situation you are right. Free Laptops, food security etc. at one go will force any government who comes in power to increases taxes. Free education, food security, right to work should have been planned and implemented in phases much earlier.
Regards
 
Nothing against poor and they have more right to food and resources than us. But in current situation you are right. Free Laptops, food security etc. at one go will force any government who comes in power to increases taxes. Free education, food security, right to work should have been planned and implemented in phases much earlier.
Regards

Exactly it should have been in phased manner. Similar implementation which was done in USSR many decades back was a big failure and had enough economic repercussions to play a part in the fall of the country.

Instead of converting poor into 'beggars' the same amount could have gone into developing industries and infrastructure and the 'poor' could then have earned their own food.

Another long term option could have been improving education and very good implementation of population control.

However, as of today, with the present government, I am scared to imagine where the country is headed to.
 
Scary, touched 67.23 and closed at 66.12 today. I remember in 2005 whenever Chinese RMB reduced against the dollar, the country rejoiced, because they are a net exporter and here we are:sad:
Cheers (btw at this rate it will be very expensive to use this greeting, so I am considering changing it to something silly like best regards!:ohyeah:),
Sid
 
The day there is no caste system and we all are just Indians, progress will be ours. The day when everyone could say that hamara future hum dekhlenge and the day we could ensure the safety of our women and children, progress will be ours.

Poverty stricken lok will vote to the one who provides them 'do rupia mein do kilo chaval'. Backward caste lok would vote for the one who will keep on providing the said privileges.

Even to this day govt: certificates or applications uses the word OBC (other backward caste) which is unfortunate. In this new era, what they mean by 'backward'? Hum sab forward chalenge in equality.

Reservations must be based on poverty and not caste. It seems like someone wants the poor to stay poor and backward not to progress. We have to let go of our dark past.

Change, should begin from each one of us in our homes. sab teek ho jayega. That day isn't far away when rest of the world will watch and learn from us like they did few centuries ago.

Germans and Japs have built their economies on the same foundation and come up from down under to compete with the USA itself. China is another story

If only we elect good leaders instead of getting drawn into swadeshi/
videshi vish vash as taught to us by our leaders from colonial times, drastically reduce corruption and improve accountability, will we go some where.

Instead of vision, we only have reactions, so the state of affairs from
shoddy roads to ministries themselves.

Despite such a long period of being free, people r illiterate and poverty
stricken. small sparks will require a very long time to ignite.

If only we can have a model development in a small state, it can set the chain reaction. So looking forward towards AAP.
 
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I told you... this stupid UPA government needs a change.... :mad:

Do you watched our PM... He is EXPRESSIONLESS !!! I don't even realize when he is giving an ANGRY speech & when he is giving a Normal Speech !:lol:
 
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