Dont take the military out of the equation. China's third class army has gained a reputation simply because it is so secretive. The OPEN secret is that China is riddled with corruption. Corruption flourishes behind closed doors. And where better to find closed doors than in the Chinese military? I say we keep our chin up, cooperate with the US and Europe and Canada and Australia; now thats a club I would feel safe in. Worst comes to worst, I am sure that US and Indian armies, with military bases in both Korea and Japan available to them, with naval support from Australia and financial backing of Europe, could easily take China down. So no need to despair. If the Chinese crooks explode a financial nuke, we can always take them down with a real one.
RE:Gultis wreck the US economy
by An Indian on Dec 30, 2007 08:14 AM Permalink
Mr Iyer:
Why do you think that US economy is wrecked by Andhra guys. Have ever heard of Iraq/Afgan war, Mr. Green Span, Mr Bush, Subprime crisis. None of them are from Andhra or happened due to Gulties, if you are mistaken. Or else you may be delirious.
Have you ever heard of a database called OLIVE used by USCIS? They have details of all the graduates from AP, Karnataka and TN universities. So if any one turns with fake certificates their visa is rejected, but still the no. of people going to US are more from AP thus you know that people from andhra are nat what you think like. I think you feel jealous about them. Make sure you know how a H1B is processed before making allegations. This is not like going to gulf on visiting visa my friend
RE:Gultis wreck the US economy
by chigurupati venkateswarlu on Dec 30, 2007 08:44 AM Permalink
you don't have balls to do so, that is why we, in your terms GOLITIes are doing so. Let us know if you need some help in your b'd room also, we 'GOLITI'es can manage to help you
First India need to make enough electricity make atleast one freeway(with no cows) speed atleast 100kph.Then we can compare with USA. Compare the GDP with USA and India.Look at the list anyother country close to USA in numbers.Indian econamy booming only b'use of outsourcing job from around the world.When Rupee vale go up they go to other country.R&D done in USA then they send to China or India for manufacturing,with proper instruction anyone can make. While, the trillion dollar club is headed by the United States (GDP at $12.46 trillion), other members of the exclusive club based on absolute numbers are: Japan (4.51), Germany (2.78), China (2.23), UK (2.19), France (2.11), Italy (1.72), Spain (1.12), Canada (1.11). Interestingly, on this day, stretching the definition of exchange traded Indian companies a little bit, stock market capitalisation of the country, also touched the $1 trillion mark
RE:RE:Compare GDP
by rajesh bhaskar on Dec 30, 2007 11:23 AM Permalink
to compare USA. we need people mindset to be changed , just not infrastructure. we are cheap man. it is in our birth....that is how once richest place on earth become pig set for religious conversions. there is no corruption in low level. even when sep9/11 happened there is no muslims killed. you can talk to police officer straight in his face. if you are police officer you can even arrest the president's family. in india you can even touch a third rate politicians distant neighbour or party man.
we are not growing man, we are just taking their uneethical culture and our men and women are started cariying it as freedom. celebrate indian gays, IT and modelling prosti tution culture
As before India gave large sum of donations to Bangladesh .. like wise India should give some donations..to pakistan.. i mean dollara dollara..they are very poor
This kind of outright manipulation worked fine until the buyers of these SIVs noticed that these could not be sold to anyone as no one knew what there exact value was. Now we are getting some idea of their intrinsic worth and the news is bad. These SIVs, fetch only 5 to 25 cents for every dollar-most of them at the lower end. And the scary stuff is that this is just the tip of the iceberg.
The world is in an unchartered territory. US has taken undue advantage of the trust that world had by printing God knows how many trillions of dollars and put them into the circulation. This is toxic waste- no one knows intrinsic value of these dollars or for that matter any dollar.
What can India do? Keep the subprime dollars away from entering the Indian stock or real estate market. For example, refuse to accept dollars as a collateral, or if they must, just give 5-10 cents worth of equivalent rupees till the mess clears up.
However, I beg to differ with his assessment. SWF ( sovereign wealth fund) are unlikely to buy and dump the US stocks. If they are smart, they would buy US companies outright. For example, Walmart, the biggest US retail company has a market capital of less than 200 billion dollars. China alone has 1.4 trillion dollar reserve out of which only 200 billion dollars have been allocated to SWF. Singapore and UAE have recently acquired a minority stake in big quitessential US companies like Merill Lynch and City Bank. Will this open the flood gates? Every US company is a potential takeover target especially the ones with established brand name. No comapany is big enough to keep the financial vultures at bay.
How did US reach such a sorry state? First, by running huge account deficit with exporting nations. Second by diverting American wealth from productive industries into housing. And to top it all we have a full blown mammoth financial crisis barely being kept under the surface from exploding. Till 2001 total US housing market was 4 trillion dollars and since then it has grown to 9 trillion dollars. Most of these additional 5 trillion dollars have been funded by financial shenanigans like SIV, CDOs and many such still unknown financial instruments. These were being palmed off to unsuspecting foreign banks with triple AAA rating. (The same rating agencies which have rated India's debt rating BBB . please correct me if I am wrong) This kind of outright manipulation worked f
RE:Gratitude to the author for raising the level of debate
by jacob parampett on Dec 30, 2007 06:47 AM Permalink
First India need to make enough electricity make atleast one freeway(with no cows) speed atleast 100kph.Then we can compare with USA. Compare the GDP with USA and India.Look at the list anyother country close to USA in numbers.Indian econamy booming only b'use of outsourcing job from around the world.When Rupee vale go up they go to other country.R&D done in USA then they send to China or India for manufacturing,with proper instruction anyone can make. While, the trillion dollar club is headed by the United States (GDP at $12.46 trillion), other members of the exclusive club based on absolute numbers are: Japan (4.51), Germany (2.78), China (2.23), UK (2.19), France (2.11), Italy (1.72), Spain (1.12), Canada (1.11). Interestingly, on this day, stretching the definition of exchange traded Indian companies a little bit, stock market capitalisation of the country, also touched the $1 trillion mark
RE:Gratitude to the author for raising the level of debate
by Sameer on Dec 23, 2007 03:38 AM Permalink
This kind of outright manipulation worked fine until the buyers of these SIVs noticed that these could not be sold to anyone as no one knew what there exact value was. Now we are getting some idea of their intrinsic worth and the news is bad. These SIVs, fetch only 5 to 25 cents for every dollar-most of them at the lower end. And the scary stuff is that this is just the tip of the iceberg.
The world is in an unchartered territory. US has taken undue advantage of the trust that world had by printing God knows how many trillions of dollars and put them into the circulation. This is toxic waste- no one knows intrinsic value of these dollars or for that matter any dollar.
What can India do? Keep the subprime dollars away from entering the Indian stock or real estate market. For example, refuse to accept dollars as a collateral, or if they must, just give 5-10 cents worth of equivalent rupees till the mess clears up.
RE:Gratitude to the author for raising the level of debate
by huzefa hakimi on Dec 23, 2007 10:45 AM Permalink
Pretty nice analysis and points made ... I learnt a lot from ur posts atleast abt SIVs and why City recently also had announcement related to SIV.
To ur point, US dollar ha already entered into real state and stock market. And I too agree it a flash point for our Indian economy as it will directly link the volatility in USD to Indian economy.
RE:Gratitude to the author for raising the level of debate
by imran on Dec 25, 2007 10:54 PM Permalink
as long as oil is traded in USD india needs $ to pay its hughe import bill. most of the middle east country govenments needs US support and arms to remain in power so they will continue to trade in $. US have now got oil from Iraq and Afganistan too. It has enough military muscles to keep the $ as trading currency.Just by selling arms they can make billions from India alone, if they wish so.
RE:Gratitude to the author for raising the level of debate
by Yerra Burra on Dec 30, 2007 06:23 AM Permalink
Afghanistan has oil? Hmm.. that's a revelation..
