Everyone thinks that now they have little bit uptick in thier market they can take down USA. Let us look at this analytically. First Venezula, Iran, et al. So if they are that smart they sould have already switched to EURO why they did not. Because they very well no that Europe does not want to pay for gas in EURO as it is not beneficial for them. So they would look somewhere else where they can pay in $$. Saudi and OPEC can switch over to EURO right now and if they do next day US will walk out of the protection being given to these countries and stop the spare parts and services to the 100% US weapons in these countries and they know who will come there (Iran, Al-Queda etc). Now look at the case of China, China may keep touting that they are indegineous weapons developed and in the last 50 years it has not been battle tested. So this notion of china can take down US is B.S. In reality the world countries are now more interwined then ever before and everyone knows the risks of pulling out. Today India may have lots of Forex, but if they even think of doing something stupid they may have to go back to the economy of 1950s and we all know it is like.
Some people already started using the word nuclear for this option of suddenly dumping USD. Like the real nuclear threat, mere deterrence of this virtual nuclear threat can have a lot of impact. It need not happen some time in the distant future, it can happen today, if China wills. This explains why US wants to use us to contain China. As the world learns about this vulnerability of US, it will start losing confidence. We all know that the US enjoyed this TINA (There Is No Alternative) factor as an investment destination and as the world's reserve currency. That may fade. Be ready to see a new world order, bro.
RE:Gulf and Russians
by Bhola on Dec 19, 2007 12:39 PM Permalink
world's most competitive economies 2007 top 25, where the F is india or china ?
1 Switzerland 2 Finland 3 Sweden 4 Denmark 5 Singapore 6 United States 7 Japan 8 Germany 9 Netherlands 10 United Kingdom 11 Hong Kong SAR 12 Norway 13 Taiwan 14 Iceland 15 Israel 16 Canada 17 Austria 18 France 19 Australia 20 Belgium 21 Ireland 22 Luxembourg 23 New Zealand 24 Republic of Korea 25 Estonia
RE:RE:Gulf and Russians
by cynic on Dec 19, 2007 12:46 PM Permalink
arabs are already 20% of Israel lol and they are growing fast inspite of lots of immigration from Russian jews into Israel, very soon arabs will outnumbers jews in Israel itself lol
RE:RE:RE:Gulf and Russians
by Shiv Dholakia on Dec 30, 2007 12:19 AM Permalink
dude, you really do live upto your name. cynical. i think you should think before you say anything.
RE:RE:Gulf and Russians
by cynic on Dec 19, 2007 12:47 PM Permalink
Hong Kong belongs to China, New Zealand is rich but has nothing to offer to anybody, small country small population no industries nothing.
RE:Gulf and Russians
by cynic on Dec 19, 2007 12:45 PM Permalink
sweden is just 8 million, one nuclear strike by China will finish it off lol in the event of any war happening.
a country like usa can print fiat currency and no one can question them about it,with no gold or precious metal backing backing it, subprime lending down,so no country would want ti invest in us markets ,making the value of us dollar go down and with unscrupolous countries selling offf their forex reserves ,countries holding on to the dollar will be the ones lost ,so if india holds on to the dollar which is falling in value , will nothing but paper in our hands ,we must thru govt entiries and govt bked fierms invest in the african nations by helping them in stabilising their economy and political turmoil, or india should buy gold as the future is to be predicted ,gold will be the great equaliser
RE:india save yourself
by sanjay bhardwaj on Dec 19, 2007 01:47 PM Permalink
clifton officially speaking usa has the biggest gold reserve ... they print currency against precious metal holding that is the reason all trust dollar ..... even if the euro becomes strong people might not trust it since even poor countries in europe like poland, romania, kososvo, etc can print euro ... uro can be used as bench mark for pricing but people will prefer dollars when it comes to expecting payment ...
RE:india save yourself
by cynic on Dec 19, 2007 11:47 AM Permalink
that is only as long as world expects dollar as the default currency, if gulf countries, china switch to euro then dollar will become worthless. But you are right India needs to use its foreign exchange reserves as a weapon of war and buy up some strategic pies in US companies like how the Gulf guys are doing.
RE:india save yourself
by Bhola on Dec 19, 2007 11:57 AM Permalink
They wont switch to Euro, hasnt happened, EUROPE DONT HAVE THE MILITARY MIGHT AS YET OF AMERICA.
OIL is traded in DOLLARS. Dollar is accepted worldwide NOT EURO.
EUROPE itself is dependent on USA for security and nuclear umbrella, as of now they cant do on their own. RUSSIA bullies european countries even today and gets very high prices for its gas. European Union has to develop military muscle to defend itself against RUSSIA who are increasingly assertive. UNTIL THEN DOLLAR will rule.
USA invests billions in new weapons and systems, When rest of the world is making missiles, USA is investing hugely in laser weapons which no missile can match. Laser travels at speed of light.
China is all big nothing inventive or innovative. just a big mass. CRAP aircraft or weapons.
RE:india save yourself
by cynic on Dec 19, 2007 12:17 PM Permalink
such simplistic notions about military might. Let me tell you one thing, at the time of last crusades it was the muslim world more advanced, better weaponry etc, but westerners won, situation is now reversed. And btw US cannot stop China from developing its weapons etc, coz the US depends on China for cheap imports and if China does not export cheap stuff to US, US will collapse.
RE:india save yourself
by Firelite on Dec 23, 2007 02:27 AM Permalink
And china will also collapse. Today America is the No. 1 Importer of chinese goods. Once they stop how do u think they will feed the workers who worked on the factories.
RE:RE:india save yourself
by Bhola on Dec 19, 2007 12:23 PM Permalink
US AUTOMOBILE PRODUCTION AS OF 2007 -8 million units. and yes even Toyotas hondas and merceds are produced right in the USA.
RE:RE:india save yourself
by cynic on Dec 19, 2007 12:42 PM Permalink
western giants like Google were forced to agree to Chinese diktats if they were to be allowed to do business, so much for economic clout of europeans and US.
RE:india save yourself
by cynic on Dec 19, 2007 12:40 PM Permalink
really, there were riots this year too, European union is a soft target for muslim extremists. They belive in pacifism, they are going to suffer for it. Very soon France will have 50% muslims,
RE:india save yourself
by Bhola on Dec 19, 2007 12:33 PM Permalink
European Union has a nominal gross domestic product of (US$16.6 trillion) amounting to 31% of the world's total economic output. It is also the largest exporter and the biggest trading partner to many countries including very large markets such as India and is one of the top trade partners for many others such as China. 163 of the top 500 largest corporations (measured by revenue, the Fortune Global 500) are headquartered in the EU.
EUROPEON UNION is going to have a president in 2009.
RE:india save yourself
by cynic on Dec 19, 2007 12:30 PM Permalink
china will take another 20 years to come up to western standards, Warren Buffett certainly thinks so. As I said only US remains strong among western countries, other western countries are just so much hype. Very soon in most of the states muslims will outnumber whites lol, it is already happening in France 23% are muslims and yet the whites dont want to have any children.
RE:RE:india save yourself
by Bhola on Dec 19, 2007 12:44 PM Permalink
GOOD FOR CHINESE, they dont get to enjoy 35 hour work weeks seen in France. I surely dont want to be born as a Chinese.
RE:RE:india save yourself
by Bhola on Dec 19, 2007 12:34 PM Permalink
you missed an important point.. SUCH BARBARIANS MUSLIMS WERE THRASHED by French Police, and remarkably not even a single one was killed. such is their efficiency.
RE:RE:india save yourself
by sanjay bhardwaj on Dec 19, 2007 01:47 PM Permalink
clifton officially speaking usa has the biggest gold reserve ... they print currency against precious metal holding that is the reason all trust dollar ..... even if the euro becomes strong people might not trust it since even poor countries in europe like poland, romania, kososvo, etc can print euro ... uro can be used as bench mark for pricing but people will prefer dollars when it comes to expecting payment ...
RE:RE:india save yourself
by rashmin pawar on Dec 30, 2007 01:42 AM Permalink
Indian companies are global only in the eyes of Indians. Elsewhere in Europe/US their products are looked upon as inferior in quality. There is little or no brand building in India nor quality consciousness. Indian companies only cater to CIS, Asia and Africa and are not marketable in US and Europe due to quality reasons. I have never seen an Indian product been sold in any of the stores in the US (except for some American branded sweatshirts which are made in India/Pakistan/Bangladesh) unlike chinese products which flood the markets here. Even Indian s/w professionals are only considered as unprofessional laborers but are hired as they are cheaply available. However, India is growing, FX is flowing in. dunno whether thats hot money (very likely due to active international hedge funds)or whether really its long term capital?
RE:india save yourself
by Yasawant on Dec 19, 2007 03:57 PM Permalink
Why Gold? Why not synthetic crude (some are looking at $200 a barrel)? Why not Swiss Franc or Euro or Yen? Why not a basket of currencies? Why not Remninbi or Loonie or Aussie? Is US already a dead economy?
RE:india save yourself
by Sathya Ramanan on Dec 23, 2007 12:50 PM Permalink
Everyone will agree that Western people changed the world in the last 100 years starting with Machineries, Automobiles, Electricals, Electronics, Computers, Internet, Mobiles etc. But there is always some saturation for any invention. We have invented a lot of things and now the invention will become slow in the future and mass production industry will be growing more and taking these inventions to all the people around the world (For eg. TATA is planning for a 100K INR for a car). This means western countries growth will be slowed down and countries like China, India will have more growth in the near future. I don't think of anything big invention will happen other than alternative fuel. This doesn't means the quality of life of an Indian or Chinese improve. We all be more rich in terms of numbers (any currency) thats all. You can see in papers and tell that you earn equal to a guy in London or New York and live in a house worth 300K USD or 100k BP. But still we need to struggle for good water, good food etc in our daily life.
RE:BREAKING NEWS
by Bhola on Dec 19, 2007 08:44 AM Permalink
All your analyses and thought are childish.
China and India both are ZERO INVENTION AND INNOVATION countries. ZERO innovation, ZERO invention THAT'S IT.
Just tell me a KILLER INVENTION coming out of either in the last 10 years when they started to boom . Internet ? Mobile phone ? ANYTHING ?
It is always western countries that bring in ENTIRE new killer inventions and revolutionise the entire industry, and then get it cheaply produced in China / India.
What innovation or a new killer application has come out of the Indian IT Giants sitting on the fat cash of $10 billion. NOTHING at all. In Indian so called R&D centeres they are doing the donkey-coolie work for white companies. Core R&D stays in US and Europe along with Japan.
Japan hasnt shifted its Research and development to China.
Regarding US, Why dont a simple thing dont go in your head. United States simply can print DOLLARS and pay off its debit. India cant.
IT DONT NEED TO EARN IT. It may be quadrillions in debit but its currency is MOST ACCEPTED IN THE WORLD. Doomsdayers had been saying in 60s that Germany will overtake, in 70s japanese will overtake, in 90s china will, and now India. NOTHING EVER HAPPENS. So stop the crap.
USA has the economy to support its unusual debit and deficit, NO other country has this advantage.
RE:RE:BREAKING NEWS
by cynic on Dec 19, 2007 11:45 AM Permalink
western race is dead and dying, they are breeding themselves out of existence. In US more than 1/3 rd officially are minorities hispanics,blacks, asians etc. Only in US does innovation happen all other so called western countries are just hanging on to the coattails of US. Dont lump together all western countries as originators of great innovative products. US took a lot of time to achieve prosperity and it went through so many upheavels like civil war, great depression, cold war(when the world was at the brink of mutually assured destruction). COmpare that to China which has achieved much more in 60 years of freedom. Compare to what US achieved in just 60 years of freedom. Rise of China and India is inevitable and this is as per the prediction of westerners themselves and all so called innovation etc will happen once we reach a certain level of prosperity and development.
RE:BREAKING NEWS
by Bhola on Dec 19, 2007 11:52 AM Permalink
Westerners are FOOLING YOU, Top 20 polluted cities are in China and India only.
They are USING YOU AS A COOLIES.
NOBEL won by USA 270 - 99% of them are whites.
NOBEL won by UK 100 -- 100% white.
Nobel won by China ---- 6 Nobel won by India ---- 7
EUROPE AND AMERICA HAVE CHANGE WORLD MORE IN THE LAST 200 YEARS THAN REST OF THE ENIRE PERIOD OF HUMANITY BEFORE THAT. YES THAT'S TRUE, IF WE WERE ONLY CHINA AND INDIA, WE WOULD STILL BE RIDING BULLOCK CARTS AND NOT RAILWAYS.
EVEN TODAY, MOST CUTTING EDGE LATEST AND NEXT GENERATION AIRCRAFT, AUTO TECHNOLOGY, BIOTECHNOLOGICAL INOVATIONS, TRAINS, AND COMPUTER AND SPACE TECHNOLOGY COMES FROM WESTERN COUNTRIES.
CHINA AND INDIA = BIG LANDMASS AND EVEN BIGGER POPULATIONS, USED AS CHEAP LABOUR.
NOT EVEN A SINGLE INVENTION COMING FROM INDIA OR CHINA IN THE LAST 10 YEARS. ALL THEY CAN DO BEST IS COPY A WESTERN INVENTION LIKE VIAGRA AND COME UP WITH CHEAP CLONES.
WHAT HAS THE $50 BILLION INDIAN IT INDUSTRY OR THE $10 BILLION BIOTECHNOLOGY CREATED IN THE LAST 10 YEARS ???
ZERO. I DONT SEE ANYTING CHANGING IN FUTURE EITHER.
RE:BREAKING NEWS
by Bhola on Dec 19, 2007 12:06 PM Permalink
White countries are far from finished.
GERMANY - world best machine tools that is the backbone of manufacturing. worlds best automobile industry, world leader in pharmaceuticals too, bayer and inventors of aspirin, world leader in aircraft, airbus
FRANCE - AIRBUS manufacturing, military aircrafts.
SWITZERLAND - worlds best watches that sell at 100 times the cost of a chinese brand.
UK 100 nobel prizes , birthplace of internet protocol.
Russia Worlds top arms seller, literally best arms at par with USA and Europe.
Europe produces twice more scientific output than USA ! It is only stupid indian media who is US centric and fails to report news from other countries.
And i need not tell you white countries have 20 to 40 times HIGHER per capita income in PPP terms.
RE:RE:BREAKING NEWS
by cynic on Dec 19, 2007 12:13 PM Permalink
dude nobody cares about swiss, germany etc, if somebody bombs it, nothing will happen to the world, spain was bombed and so many people die but what happened to markets nothing.But if somebody bombs US,India,China markets will collapse, we can live without watches, benz cars etc, anyhow they are breeding themselves out of existence. only US remains as a strong innovator in western countries
RE:RE:BREAKING NEWS
by cynic on Dec 19, 2007 12:22 PM Permalink
european union is a finished state, Germany's population is going to reduce by half by 2040, nobody wants to have a kid in Germany, they only want to enjoy life.
RE:RE:BREAKING NEWS
by cynic on Dec 19, 2007 12:20 PM Permalink
the world didnt give a thought when london was bombed either, so much for self-importance. If I remember markets actually went up everywhere in world.
RE:RE:BREAKING NEWS
by cynic on Dec 19, 2007 12:11 PM Permalink
you are comparing apples with oranges Bhola. US has been independent for 300 years and they have been isolated by a big pond so they escaped the devastating consequences of world war II in europe. They were just lucky that at the time of their development Europe was totally devastated. Cutting edge , latest edge etc is all because of the base they have built up. But dont worry rest of the world especially Asia will catch up soon, anyhow US is against lot of biotechnology etc because of creationist crap. Nobel laureates etc is good but you should start comparing from last 5 years onwards. Anyhow dudes like Warren Buffett are dumping US stocks and buying up Asian stocks and dumping dollars and buying up remnibi etc, cause he knows better than you and me and I would rather follow him. Nothing comes from west except US of course nowadays, all white westerners are lazy coz they have lot of money and dont want to work hard(with some exceptions of course).
RE:BREAKING NEWS
by Bhola on Dec 19, 2007 12:14 PM Permalink
OUT OF TOP 500 FORTUNE COUNTRIES, 153 ARE FROM EUROPE. EUROPEAN UNION IS 16 TRILLION BEHMOTH, AHEAD OF USA 15 TRILLION.
EUROPEAN UNION IS LARGEST EXPORTER. EUROPEAN PRODUCTS COMMAND TOP PRICES AND SELL IN HIGHEST END OF THE MARKET, SEE MERCEDES, ROLEX WATCHES, AUDI CARS, ETC.
EUROPE IS LEADING ECONOMIC FORCE.
ASIA IS BIG SURELY , BUT THATS ABOUT IT.
STUPID INDIAN MEDIA IS US CENTRIC
RUSSIA IS RISING AND ASSERTIVE TOO, CRAPPY CHINA COULDNT BUILT A DECENT FIGHTER ON THEIR OWN, AND BUY RUSSIAN STUFF, AND THAT TOO THEIR REJECTS.
RE:RE:BREAKING NEWS
by cynic on Dec 19, 2007 12:25 PM Permalink
Russia is rising because of oil wealth, they are just lucky thats all like the arabs and venezuelans
RE:RE:RE:BREAKING NEWS
by Bhola on Dec 19, 2007 12:30 PM Permalink
Russians win the programming contests and are leading weapon designers, INDIANS DONT WIN those contests. They are not stupid arabs.
if you go to moscow , you will see more mercedes and bmws than anywhere else in the world. Foreign exchangs of $450 billion for such a less population.
RE:BREAKING NEWS
by cynic on Dec 19, 2007 12:34 PM Permalink
if you have OIL wealth you can have any number of cars. Look at Saudi Arabia, Qatar, Venezuela basically crap countries but rich because of oil wealth, so also Russia. top 1% of the population is always very good and so they win lots of programming contests whats the big deal, India's top 1% will also win lots of contest.
RE:BREAKING NEWS
by cynic on Dec 19, 2007 12:50 PM Permalink
this proves you are a racist, go and lick your white master. Top 1% of any country is good it is simple probability. White guys forced that scientist to retire, but you can talk nonsense here because you are a nobody lol
RE:BREAKING NEWS
by Bhola on Dec 19, 2007 12:36 PM Permalink
no they are IITians who are top 0.1% who participate in programming contests as it is only they beat competitors from India itself.
RE:BREAKING NEWS
by Bhola on Dec 19, 2007 12:28 PM Permalink
HA HA FOOLISH PERSON, EUROPE CHANGED THE WORLD MORE THAN REST OF THE WORLD TAKEN TOGETHER.
CHINA CHINA CHINA ... BULLLSHIT ..... GDP MEANS NOTHING, WHAT IS THE PER CAPITA INCOME OF CHINA ?
REDUCTION OF POPULATION MEANS RUSSIA WILL HAVE A PER CAPITA INCOME OF $75,000 VERSUS $25,000 for Indians in 2050. Russians will still be richer, and europeans even more,
DO you think HUGE POPULATINO LIVING IN FILTH AN ADVANTAGE ?
RE:RE:BREAKING NEWS
by cynic on Dec 19, 2007 12:37 PM Permalink
whatever you argue, Europeans dont wanna have any children and are breeding themselves out of existence and it is only the export of talented Indians/Chinese that is keeping US afloat. Bill Gates, Google founders certainly think so. You seem to believe in a simplistic notion of white superiority. All that europe achieved was in the past. Even Dinosaurs ruled the planets for 125 million years so does anybody talk about it that dinoasaurs are very succcesfull, they are considered a failed group.
RE:BREAKING NEWS
by on Dec 23, 2007 05:09 PM Permalink
Evere since the existence of planet,some millions of years ago till 1950,the world population was 2.43 billion.year 2007 it is 7 billion.2050 it will reach atleast 11 billion.There will be more deseases,poverty and crime than ever before.once rome ruled the world,brits once us now china will. I think nuke will come handy one day for the distruction of mass and for the well being of the left over population
RE:RE:BREAKING NEWS
by cynic on Dec 19, 2007 12:24 PM Permalink
china will be bigger than all of Europe presently. Its GDP is around 4 trillion dollars and will catch up with in another 4-5 years. India will catch up later coz it started reforms later. Nobody cares about Europeans, if all Europeans die, still nobody will bother.
Sovereign Wealth Funds will cause problems. However the solution to this financial mess as well as to jihad is to find a substitute for oil. American hagemony has been established due to cheap oil and innovation. The next century will belong to the nation or group of nations that finds an oil substitute and continues innovation in every section of society. I dont believe that nation has risen yet. Interestingly Nostradamus has predicted a China-Middle East axis versus US-Russia wars around 2010. Now these could very well be 'financial' wars rather than conventional wars.
civilizations do not progress in cycles. they evolve to peak and death. it is on US to create and maintain monolothic world order. after destruction of islamic resistance, we will ahve a monolithic world order. after that, the world will descend into anarchy and chaos. US has the mantle on their heads, but now they are leading by power and brute force, rather than the typical american creativity. it happenned to rome, to hindus, to islam and all dead civilizations. survival of the world depends on the USA.
This is not the first time we are hearing doom-gloom scenarios. ALthough India and China will propspor nicely, they have huge problemn in front of them. How these countries are feeding 1/3 of the world population with 1/20th of the world resources. Although argument can be made that US will suffer same consequences as 19th century Europe, the reality is quite different. US and Russia are sitting on top of half the woorlds unexplored resources including Oil. Which means these countries can churn for quite long and countries like India and China suffer due to water, environment and Resource crunches. Ups and downs of the dollar is not new. Actually dollar was much weeeker early 70's and early 90's. It is all part of economic cycles. Ultimately the country which will have open economic policies will do much better than country with socialistic business model.
