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Dollar & Rupees..........Please spare a couple of minutes for the sake of India

Discussion in 'Traders Coffee Shop' started by chequesuraj, Aug 22, 2013.

  1. chequesuraj

    chequesuraj Member

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    Must read & Share..... !

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


    Throughout the country please stop using cars except for emer...agency 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.


    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.


    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


    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 55

    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 paisa 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!:grouphug:

    Thanks
    Suraj Naik
     
    masihpatel likes this.
  2. shabbir

    shabbir Administrator Staff Member

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    Suraj,

    What you are saying is an impractical solution to practical problem. Can we actually quit our assets for such a time period and what happens when we get back to using it.

    So the real problem is Indian Govt taking steps to stop the inflow of dollars and I being in Indian Outsourcing Industries for almost 8 years now can help you on some of the steps that Govt took since dollar was around 44.

    There was an STPI act which means any small company or Individual whose income was primarily was in USD was exempted from paying income tax and this made Indian outsourcing Industry to flourish like anything. USD was always trending towards 40 and even below that levels at times.

    Suddenly the STPI act that was suppose to be renewed was not and next year it was done such that only 90% of the USD income will be tax free but tax will be levied on 10% of your total income.

    So as expected, we assumed that slowly STPI will be lowered by making it 80% and then may be 70 and so on and so forth.

    Then US president Barrack Obama Visited India and created so much job opportunities for US people but then suddenly STPI was all gone and this is the time when USD rate from 40. May be just a co-relation.

    So now Indian IT industries is still booming but only big players and there are no small players coming up and I have shared the same here - http://imtips.co/tech-indian-startups.html

    So if I see the situation of all the USD / INR, I think it is all hand crafted.

    Now coming back to your question of Gold Vs Rupee Note but then the keeping gold as reserve for printing currency was taken away decades ago and Indian Govt also does not reserve any gold for currency being printed.

    Yes when you buy things from foreign country companies or even Indian companies, it makes not much difference and that kind of things are being passed on in Facebook without any background.

    All foreign companies have a subsidy company in India and it is Google India P Ltd or Nestle India P Ltd and so they have operations worldwide but then those companies have Indian registered company and so buying Indian goods from foreign country is not a solution at all.

    The problem is decision and policy making and that cannot be solved with steps as you have mentioned.

    What if every Indian contribute just 1 Re towards something and don't you think it will be huge chunk to get anything done? No I don't mean to say that everyone should but then we pay taxes and if you see the net individual tax being paid is lot more than contribution of 1Re by every Indian and where is that spent? Do we have any idea?

    So now just laugh on jokes like

    Aur Maaro Sardaro par Jokes.

    Gin-Gin ke Badla le raha hai.

    Petrol - 80.35 Rs.
    Diesel - 62.41 Rs.
    Gas Cylinder - 950 Rs.
    Sugar - 52 Rs.
    Onion- 70Rs.

    Baja di na akele ek Sardar ne sabki :eek:perator: :party:
     
    masihpatel likes this.
  3. chequesuraj

    chequesuraj Member

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    Shabbir,

    thanks for putting your view...

    but now what should be the solution to it or Govt. wants rupee to be @ 70...to get BLACK money to flow in to cover up the coming election expenses...

    OR we cant control the rupee rate as its pure effect of Dollar getting stronger...

    - suraj
     
  4. shabbir

    shabbir Administrator Staff Member

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    The question is not what could be the solution but the question is - Is Govt looking for a solution or just want the rupee to get to 70 and allow big export companies to make handsome profits and then ask money from them for election. I think the later
     
    saptarshi_sachin likes this.
  5. saptarshi_sachin

    saptarshi_sachin Responder

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    I also second Shabbir's opinion.
    If rupee goes down vs dollar, usi mein hi Govt ko faida hain .....
    So Govt working to create favorable conditions for speculators in currency market or rather doing little to curb rupee fall.
     
    shabbir likes this.
  6. shabbir

    shabbir Administrator Staff Member

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    Worth Reading -

    Another Asian financial crisis to hit in next 12-18 months, there's no way FM can stop it now

    http://economictimes.indiatimes.com...y-fm-can-stop-it-now/articleshow/22128202.cms

    The best thing I liked is