zen_india
03-01-2006, 04:25 AM
Hi Indian,
It is really the most nonsense part of the current Indian Government to trade with the US government in financial exchanges. Singing up of Nuclear agreements adds to it.
The US economy is about to burst and that may happen any time. Consider the fact that US economy is dependent only on the following 3 factors:
1. Oil is traded in US dollars. Since Euro has emerged in big way and has been a success after a slight shortfall, it may not be wonder to anybody that oil is started to be traded in Euro. Once its done, it will be a major setback to US economy as the liquidity of US dollar around the world will collapse and in turn will loose is control over world economics.
2. China has huge monitory reserves in US - Since China has emerged a major exported to US, there are huge monitory reserves in US dollars. By any change if China pulls up its arm in export to US, it will be difficult for US to resist its stand.
3. Saudi Arab has its bonds in US dollars - This may not change as the Saudi Arab is under total control by US. Which may soon come reality for India and Pakistan and ofcourse not for China.
Taking first 2 going against US, which may be anytime in coming few years, where does India gain from making strategic partnership with America.
The concern is very serious and unfortunately the government is not giving it a mind.
Even the news media companies are away from these facts. Its not that no one know about these, there is lack of responsibility towards the nation which we can see was during the time of independence and pre-independence.
My wishes to India.
Regds,
Zen
Also view http://o3.indiatimes.com/corruptnewscahnnels
It is really the most nonsense part of the current Indian Government to trade with the US government in financial exchanges. Singing up of Nuclear agreements adds to it.
The US economy is about to burst and that may happen any time. Consider the fact that US economy is dependent only on the following 3 factors:
1. Oil is traded in US dollars. Since Euro has emerged in big way and has been a success after a slight shortfall, it may not be wonder to anybody that oil is started to be traded in Euro. Once its done, it will be a major setback to US economy as the liquidity of US dollar around the world will collapse and in turn will loose is control over world economics.
2. China has huge monitory reserves in US - Since China has emerged a major exported to US, there are huge monitory reserves in US dollars. By any change if China pulls up its arm in export to US, it will be difficult for US to resist its stand.
3. Saudi Arab has its bonds in US dollars - This may not change as the Saudi Arab is under total control by US. Which may soon come reality for India and Pakistan and ofcourse not for China.
Taking first 2 going against US, which may be anytime in coming few years, where does India gain from making strategic partnership with America.
The concern is very serious and unfortunately the government is not giving it a mind.
Even the news media companies are away from these facts. Its not that no one know about these, there is lack of responsibility towards the nation which we can see was during the time of independence and pre-independence.
My wishes to India.
Regds,
Zen
Also view http://o3.indiatimes.com/corruptnewscahnnels