Our Indian elephant is crushing the Yankee and taking the shit out of him. With joy, I am back after a long gap. The gap was to rejuvenate myself. Been on long travel...And, I am here with the death of the Yankee.
Today there is a good new for all of us... Indian Rupee has reached its all-time high in the past so many years. The Indian Rupee is now 39.68 per US Dollar. I had already predicted that the Indian Rupee will strike forward and also reach this level in two months. You can read this in my previous blog last month.
Lot of people don't understand the devastating effect of rupee depreciation on common man.In mathematics they call it boundary condition analysis. Similar approach can be used to find the appropriate value of Rupee.For a theoretical case :Lets Assume 1$ = Rs. 1000. Now practically all your goods would be exported to outside world. Export would be so profitable, common won't get any products (whether it is grains or gadgets). 1 Liter petrol would be Rs. 100, 1 gram gold would be Rs. 16,000 and Oil would be so expensive, that even oil reserve we get in India would get exported.
What effectively happened is, we are giving all our minerals and work force of every Indian man to the betterment of people in USA. What do we get for that?? USA will print their own currency and give it to you.In bottom line, It is plain old Slavery. In boundary condition analysis. Lets look at the other side.Lets assume $1 = Rs. 1. Now every thing in world 'll get imported. 1 Liter petrol will be less than Rs. 1 and 1 gram gold would be Rs. 20. You can buy a good computer for Rs. 150.You can have a round trip for USA for less than Rs.1000. You can buy a nice private jet for Rs. 50 lakhs. You can't export any thing now. *Unless* the product you export is really really needed by the importing country. USA is importing like mad. They run huge deficit. Why do they do that??
Importing improves people's lives.Now exporters need to improve their efficiency to stay alive. Inefficient exporters don't want to improve their efficiency. Currency depreciation is easy money for them.What is the bottom line ? The country shouldn't rely just on exporting simple products like textile sand minerals from your country. Software is a good example of quality export. It can with stand further rupee appreciation. Because importes don't have cheaper, quality alternatives.
Now, the government of India is holding more than 230 billion dollars as foreign exchange. Many other countries possess three or four times of what we have. But, when we look back at the 1990s, when we didn`t have even a thousand dollars as foreign exchange... I don`t know whether the future generation in India will ever believe that our economy was a troubled lot and that we didn`t have even 1000 dollars (Forty Thousand Indian Rupees at today's rates)...
I am proud we have come a long way in a very short span. We should not go after more and more foreign exchange...we should invest this money in international business and the development of basic needs in India. Much things has to be done in the medical, education, poverty, sanitation sectors. Let only quality exports survive and not the low profile ones such as bed sheets and dress materials. Let us export high technology or specialised softwares. We should not export our agricultural/food products to USA and thus create high price raise in India. If we stop such export abuses we can sell all food products at half the price of what we sell now.
We are exporting all essential items and create artificial demand India, and thus results in price-hike.
I am not against exporting...We should export...we have to create a list of what and why should we export. We export rice and sugar to USA and then for our own use we import the same from Thailand, which results in prick-hike. What's this bullshit. We cannot allow poor Indians to suffer, and such IMPEX policy only makes a few Exporters rich and fat.
China and India gonna be the Superpowers within 2030 AD..in every sense... But before that we should work active to remove poverty in India. One fellow is making millions sitting in a posh air conditioned room and he says he is a software engineer. Another fellow toils hard under the sun all the day and earns nothing. Such blunders in society promotes poverty. I am not against good pay for software engineers or any other guys. What I demand is we should study such things from the western countries....there...all jobs are equal...very little difference in pay scale...
But, in India...people who fool around(Example: ANAND) lives like a king and those who toil hard gets nothing....Such damn things should stop first. Our government should support the farmer and not the fucking exporter who exports Napkins and Underwear...
Imagine we change the exchange rate as One Rupee= One Dollar... U know what it will mean to all of us??? Then a litre of petrol can be sold for less than 1 Rupee. That single example can tell you what huge change that can bring in your life... In a single night our poverty will be no more.
We are poor just because our wealth is concentrated in a few hands and those few want to make more and more money by exporting. So, these fuckers wish that the exchange rate of rupee is always depreciated... And, those people who work in foreign countries...they are also against appreciation of Rupee. Because, the money they earn will get few Indian rupees as the Rupee get higher in value.
We cannot allow millions of Indians suffering from poverty to die... just to feed those fellow who export and those fellows working in Foreign countries. To tell you the truth...I myself is a hapless victim of the appreciation of rupee. I am keeping a Dollar account with my bank and I lost so much money...yet, I don't care for my own loss and still support the appreciation of rupee in the interests of my country.
China & India...rocking the whole world... who wants the dollar bills printed by the Yankee...I will use them in the toilet...
Today there is a good new for all of us... Indian Rupee has reached its all-time high in the past so many years. The Indian Rupee is now 39.68 per US Dollar. I had already predicted that the Indian Rupee will strike forward and also reach this level in two months. You can read this in my previous blog last month.
Lot of people don't understand the devastating effect of rupee depreciation on common man.In mathematics they call it boundary condition analysis. Similar approach can be used to find the appropriate value of Rupee.For a theoretical case :Lets Assume 1$ = Rs. 1000. Now practically all your goods would be exported to outside world. Export would be so profitable, common won't get any products (whether it is grains or gadgets). 1 Liter petrol would be Rs. 100, 1 gram gold would be Rs. 16,000 and Oil would be so expensive, that even oil reserve we get in India would get exported.
What effectively happened is, we are giving all our minerals and work force of every Indian man to the betterment of people in USA. What do we get for that?? USA will print their own currency and give it to you.In bottom line, It is plain old Slavery. In boundary condition analysis. Lets look at the other side.Lets assume $1 = Rs. 1. Now every thing in world 'll get imported. 1 Liter petrol will be less than Rs. 1 and 1 gram gold would be Rs. 20. You can buy a good computer for Rs. 150.You can have a round trip for USA for less than Rs.1000. You can buy a nice private jet for Rs. 50 lakhs. You can't export any thing now. *Unless* the product you export is really really needed by the importing country. USA is importing like mad. They run huge deficit. Why do they do that??
Importing improves people's lives.Now exporters need to improve their efficiency to stay alive. Inefficient exporters don't want to improve their efficiency. Currency depreciation is easy money for them.What is the bottom line ? The country shouldn't rely just on exporting simple products like textile sand minerals from your country. Software is a good example of quality export. It can with stand further rupee appreciation. Because importes don't have cheaper, quality alternatives.
Now, the government of India is holding more than 230 billion dollars as foreign exchange. Many other countries possess three or four times of what we have. But, when we look back at the 1990s, when we didn`t have even a thousand dollars as foreign exchange... I don`t know whether the future generation in India will ever believe that our economy was a troubled lot and that we didn`t have even 1000 dollars (Forty Thousand Indian Rupees at today's rates)...
I am proud we have come a long way in a very short span. We should not go after more and more foreign exchange...we should invest this money in international business and the development of basic needs in India. Much things has to be done in the medical, education, poverty, sanitation sectors. Let only quality exports survive and not the low profile ones such as bed sheets and dress materials. Let us export high technology or specialised softwares. We should not export our agricultural/food products to USA and thus create high price raise in India. If we stop such export abuses we can sell all food products at half the price of what we sell now.
We are exporting all essential items and create artificial demand India, and thus results in price-hike.
I am not against exporting...We should export...we have to create a list of what and why should we export. We export rice and sugar to USA and then for our own use we import the same from Thailand, which results in prick-hike. What's this bullshit. We cannot allow poor Indians to suffer, and such IMPEX policy only makes a few Exporters rich and fat.
China and India gonna be the Superpowers within 2030 AD..in every sense... But before that we should work active to remove poverty in India. One fellow is making millions sitting in a posh air conditioned room and he says he is a software engineer. Another fellow toils hard under the sun all the day and earns nothing. Such blunders in society promotes poverty. I am not against good pay for software engineers or any other guys. What I demand is we should study such things from the western countries....there...all jobs are equal...very little difference in pay scale...
But, in India...people who fool around(Example: ANAND) lives like a king and those who toil hard gets nothing....Such damn things should stop first. Our government should support the farmer and not the fucking exporter who exports Napkins and Underwear...
Imagine we change the exchange rate as One Rupee= One Dollar... U know what it will mean to all of us??? Then a litre of petrol can be sold for less than 1 Rupee. That single example can tell you what huge change that can bring in your life... In a single night our poverty will be no more.
We are poor just because our wealth is concentrated in a few hands and those few want to make more and more money by exporting. So, these fuckers wish that the exchange rate of rupee is always depreciated... And, those people who work in foreign countries...they are also against appreciation of Rupee. Because, the money they earn will get few Indian rupees as the Rupee get higher in value.
We cannot allow millions of Indians suffering from poverty to die... just to feed those fellow who export and those fellows working in Foreign countries. To tell you the truth...I myself is a hapless victim of the appreciation of rupee. I am keeping a Dollar account with my bank and I lost so much money...yet, I don't care for my own loss and still support the appreciation of rupee in the interests of my country.
China & India...rocking the whole world... who wants the dollar bills printed by the Yankee...I will use them in the toilet...
1 comment:
"It can with stand further rupee appreciation.Because importers don't have cheaper,quality alternatives" - Really? Have you considered that a cheaper dollar will also make United States Commodities/goods/software cheaper and hence increase competition for our software makers? What about the very generous salary rises that SW professionals get every year? Can these companies afford it anymore without squeeing their margins?
Have you considered that at one Rupee = One US dollar, Money supply also has to decline and then we wont be receiving our salalries in lakhs. They will
probably be @ the level of 75,000 INR just as in the US which would leave us no better than we are
today. In fact in a country where 500 million survive on less than 2 USD this will be disaster.
And finally, if exports stop where will jobs come from? Who will create jobs? The governement? Who will hire the thousands of engineers & MBA's graduating from our colleges? Man, Dont oppose the US for the sake of opposition. HAve the mentality of live and let live. Will the world be a better place if china and India become superpowers? Whats your point?
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