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India Joins Russia, China in Questioning U.S. Dollar Dominance
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X-trasolar 
Sitting beside throne of God
User ID: 717046
7/5/2009 6:46 AM
Report abusive post | India Joins Russia, China in Questioning U.S. Dollar Dominance
| Quote |
Now India feeling the pain of the dollar and want some emergency plan.
July 4 (Bloomberg) -- Suresh Tendulkar, an economic adviser to Indian Prime Minister Manmohan Singh, said he is urging the government to diversify its $264.6 billion foreign-exchange reserves and hold fewer dollars.
“The major part of Indian reserves is in dollars -- that is something that’s a problem for us,” Tendulkar, chairman of the Prime Minister’s Economic Advisory Council, said in an interview yesterday in Aix-en-Provence, France, where he was attending an economic conference.
Read More [link to thenexteconomy.blogspot.com]
It's not Economics 101 it is Economics for dummies, you cannot print money based on nothing:- Gerald Celente |
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Anonymous Coward
User ID: 718507
7/5/2009 6:53 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
Now India feeling the pain of the dollar and want some emergency plan.
July 4 (Bloomberg) -- Suresh Tendulkar, an economic adviser to Indian Prime Minister Manmohan Singh, said he is urging the government to diversify its $264.6 billion foreign-exchange reserves and hold fewer dollars.
“The major part of Indian reserves is in dollars -- that is something that’s a problem for us,” Tendulkar, chairman of the Prime Minister’s Economic Advisory Council, said in an interview yesterday in Aix-en-Provence, France, where he was attending an economic conference.
Read More [ link to thenexteconomy.blogspot.com]
heh; let them fall together instead of apart. |
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Avian
Got Gold?
User ID: 265661
7/5/2009 6:57 AM
 | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
Jim Sinclair gives it about 125 more days before the collapse of the dolllar is obvious to all
fight my brute now you chicken shits
[link to avianphlu.mybrute.com]
-Benito Mussolini
"Fascism should more properly be called corporatism because it is the merger of state and corporate power."
–Joseph Goebbels
"The lie can be maintained only for such time as the State can shield the people from the political, economic and or military consequences of the lie...It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State." |
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Anonymous Coward
User ID: 718532
7/5/2009 6:58 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
Punishment of the dollar.
Install discipline.
GET THEM!
WAR-WERE-ORESSS!!!! |
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{ARCHER}
User ID: 599924
7/5/2009 7:03 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
China owns too many U.S. dollars. Hundreds of billions, maybe even trillions.
To sink the dollar would be shooting themselves in the foot.
Don't believe anything you hear about a collapsing dollar.
IMO. |
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Jenn++
User ID: 659616
7/5/2009 7:28 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
China owns too many U.S. dollars. Hundreds of billions, maybe even trillions.
To sink the dollar would be shooting themselves in the foot.
Don't believe anything you hear about a collapsing dollar.
IMO. Quoting: {ARCHER}
China is slowly diversifying their dollar foreign reserves into various commodities like oil, gold, base metals. China is also keeping all of the gold they produce. It's the slow boil of the frog story. |
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{ARCHER}
User ID: 599924
7/5/2009 8:06 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
China owns too many U.S. dollars. Hundreds of billions, maybe even trillions.
To sink the dollar would be shooting themselves in the foot.
Don't believe anything you hear about a collapsing dollar.
IMO.
China is slowly diversifying their dollar foreign reserves into various commodities like oil, gold, base metals. China is also keeping all of the gold they produce. It's the slow boil of the frog story. Quoting: Jenn++ 659616
Well, I've got a dollar that say's it's not going anywhere. |
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coolhandluke74
Voice Chat Mod
User ID: 718583
7/5/2009 8:37 AM
 | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
The plot thickens ....
He drew a circle that shut me out,
Daunted, rebel -- a thing to flout,
But love and I had the wit to win,
We drew a circle that shut him in.
[link to coolhandluke1974.mybrute.com]
Fight my brute!!! |
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NIMSTER
User ID: 718587
7/5/2009 8:47 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
it wont be the action that leads to the downfall of the dollar but the marketperception of its strength.
The most likely scenario is all these countries are preparing openly to jump the ship once the dollar starts to obviously collapse...
The value of the dollar is nothing more than the trust its holders have in the US economy, thats why they cook the books all the time. Keeping the illusion alive aslong as they can.
What people should read into these stories is a warning of the highest level: change or destruction is imminent. Better heed that warning or suffer the consequence: they will all say we warned you.
Ofcourse there is also the idle hope their assest wont turn to dust, so thats why the rethoric reaches this level. In any case you can bet your life on it they have their finger on the button now.. any sign of worsening of the dollar will mean massive coordinated selloffs. Then there is no stopping the spiral as it is all an automated scenario from then on. |
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Anonymous Coward
User ID: 718587
7/5/2009 8:50 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
China owns too many U.S. dollars. Hundreds of billions, maybe even trillions.
To sink the dollar would be shooting themselves in the foot.
Don't believe anything you hear about a collapsing dollar.
IMO. Quoting: {ARCHER}
The ability of China to take a hit is bigger than your small brain could fathom. Their willingness to take a hit is even bigger. if the option is one year of no export to the usa or 15 years decline the chinese will dig in and let the pain begin. |
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Anonymous Coward
User ID: 718591
7/5/2009 8:53 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
Well, I've got a dollar that say's it's not going anywhere. Quoting: {ARCHER}
Thank you for your soon-to-be 2 cents on the issue. |
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Anonymous Coward
User ID: 681616
7/5/2009 9:00 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
if american's living standards drop drastically , expect to see a duly elected bat shit crasy administration that will act like north korea. IE pay us or we start launching nukes ) |
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Anonymous Coward
User ID: 718207
7/5/2009 9:21 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
Yeah, keep your money in Russian rubles. They are so "stable".
Dumb fucks. |
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Anonymous Coward
User ID: 697806
7/5/2009 10:12 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
russia certainly knows how to stiff a population. |
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Anonymous Coward
User ID: 669235
7/5/2009 10:13 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
China owns too many U.S. dollars. Hundreds of billions, maybe even trillions.
To sink the dollar would be shooting themselves in the foot.
Don't believe anything you hear about a collapsing dollar.
IMO.
China is slowly diversifying their dollar foreign reserves into various commodities like oil, gold, base metals. China is also keeping all of the gold they produce. It's the slow boil of the frog story. Quoting: Jenn++ 659616
No offense but China doesn't even have double the amount of gold in stock as the Netherlands have (and less then countries such as Italy or Germany). |
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lookingaround
Zombie watcher
User ID: 679375
7/5/2009 10:15 AM
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Anonymous Coward
User ID: 705825
7/5/2009 10:19 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
China owns too many U.S. dollars. Hundreds of billions, maybe even trillions.
To sink the dollar would be shooting themselves in the foot.
Don't believe anything you hear about a collapsing dollar.
IMO.
China is slowly diversifying their dollar foreign reserves into various commodities like oil, gold, base metals. China is also keeping all of the gold they produce. It's the slow boil of the frog story. Quoting: Jenn++ 659616
India and China BOTH host a myriad of companies and their asociated employees thanks to the US of A. If they don't keep their mouths shut watch for a law to be passed barring commerce with China and India and see who hurts the most. We'll just start building our crap here. Might take a while but the BRAINS behind the products they build and tech suport they provide are US engineers and businessmen. They are just talking out of their asses.
Indians still eat goat's heads. Gimmie a fucking break. |
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lookingaround
Zombie watcher
User ID: 679375
7/5/2009 10:19 AM
| | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
China owns too many U.S. dollars. Hundreds of billions, maybe even trillions.
To sink the dollar would be shooting themselves in the foot.
Don't believe anything you hear about a collapsing dollar.
IMO.
The ability of China to take a hit is bigger than your small brain could fathom. Their willingness to take a hit is even bigger. if the option is one year of no export to the usa or 15 years decline the chinese will dig in and let the pain begin. Quoting: Anonymous Coward 718587
+1
LookingAround at everything...... |
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Anonymous Coward
User ID: 714112
7/5/2009 10:27 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
Hmmmm. Maybe India might sing a different tune if America pulled all the business we've sent to them, via things like call centers and so called customer service depts. (which is a joke). Have you ever called some place like your cell phone company or computer company to get a technical question answered and you can't understand a damn word their saying? |
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Anonymous Coward
User ID: 637458
7/5/2009 10:37 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
China owns too many U.S. dollars. Hundreds of billions, maybe even trillions.
To sink the dollar would be shooting themselves in the foot.
Don't believe anything you hear about a collapsing dollar.
IMO. Quoting: {ARCHER}
janpan comes in second. |
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Anonymous Coward
User ID: 637458
7/5/2009 10:40 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
Hmmmm. Maybe India might sing a different tune if America pulled all the business we've sent to them, via things like call centers and so called customer service depts. (which is a joke). Have you ever called some place like your cell phone company or computer company to get a technical question answered and you can't understand a damn word their saying? Quoting: Anonymous Coward 714112
Thee are so many states in India. Each one has a different accent. It hard to get used to all the different accents. |
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Anonymous Coward
User ID: 705825
7/5/2009 11:00 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
China owns too many U.S. dollars. Hundreds of billions, maybe even trillions.
To sink the dollar would be shooting themselves in the foot.
Don't believe anything you hear about a collapsing dollar.
IMO.
The ability of China to take a hit is bigger than your small brain could fathom. Their willingness to take a hit is even bigger. if the option is one year of no export to the usa or 15 years decline the chinese will dig in and let the pain begin.
+1 Quoting: lookingaround
Is that before or after 1 Billion stomachs start growling?? |
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Anonymous Coward
User ID: 697806
7/5/2009 11:08 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
china has a major advantage over the US, the CPC is able to dictate chinese purchasing behavior. The US are in decline, whatever russia is its permanent. |
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Anonymous Coward
User ID: 718683
7/5/2009 11:19 AM | |
Anonymous Coward
User ID: 718507
7/5/2009 11:22 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
The plot thickens .... Quoting: coolhandluke74
they can do anything at all. nothing will stop this country, mainly becouse nobody around here gives a shit. |
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NIMSTER
User ID: 718688
7/5/2009 11:24 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
China owns too many U.S. dollars. Hundreds of billions, maybe even trillions.
To sink the dollar would be shooting themselves in the foot.
Don't believe anything you hear about a collapsing dollar.
IMO.
The ability of China to take a hit is bigger than your small brain could fathom. Their willingness to take a hit is even bigger. if the option is one year of no export to the usa or 15 years decline the chinese will dig in and let the pain begin.
+1
Is that before or after 1 Billion stomachs start growling?? Quoting: Anonymous Coward 705825
China's domestic market is now strong enough to ride out any recession without major impact on its overall performance.
It is just wishfull thinking the rest of the world collapses if the USA does. Get real please.. Obviously those who follow your line of thought are still the majority of ignorant people in the USA.
Think of this... IF what you say is true, then why the hell would india and china be discussion letting the dollar go as major reserve currency??? The answer is obvious: you have been weighted and found wanting. Now deal with it. |
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Anonymous Coward
User ID: 718688
7/5/2009 11:26 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
The plot thickens ....
they can do anything at all. nothing will stop this country, mainly becouse nobody around here gives a shit. Quoting: Anonymous Coward 718507
And that my friend is the #1 cause of your downfall. |
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Anonymous Coward
User ID: 674804
7/5/2009 11:31 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
India and China BOTH host a myriad of companies and their asociated employees thanks to the US of A. If they don't keep their mouths shut watch for a law to be passed barring commerce with China and India and see who hurts the most. We'll just start building our crap here. Might take a while but the BRAINS behind the products they build and tech suport they provide are US engineers and businessmen. They are just talking out of their asses.
Indians still eat goat's heads. Gimmie a fucking break. Quoting: Anonymous Coward 705825
Spoken like a true ignoramus. |
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Anonymous Coward
User ID: 674804
7/5/2009 11:33 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
Hmmmm. Maybe India might sing a different tune if America pulled all the business we've sent to them, via things like call centers and so called customer service depts. (which is a joke). Have you ever called some place like your cell phone company or computer company to get a technical question answered and you can't understand a damn word their saying? Quoting: Anonymous Coward 714112
Would not make a dent overall since India is still pretty Socialist. The urban centers may see a slight decline but the rural scenario would remain as it is. |
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Anonymous Coward
User ID: 368888
7/5/2009 11:41 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
When other countries stop buying our treasuries, maybe our gov't will stop spending. |
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Anonymous Coward
User ID: 718696
7/5/2009 11:41 AM | | Re: India Joins Russia, China in Questioning U.S. Dollar Dominance | Quote |
China owns too many U.S. dollars. Hundreds of billions, maybe even trillions.
To sink the dollar would be shooting themselves in the foot.
Don't believe anything you hear about a collapsing dollar.
IMO.
The ability of China to take a hit is bigger than your small brain could fathom. Their willingness to take a hit is even bigger. if the option is one year of no export to the usa or 15 years decline the chinese will dig in and let the pain begin.
+1
Is that before or after 1 Billion stomachs start growling??
China's domestic market is now strong enough to ride out any recession without major impact on its overall performance.
It is just wishfull thinking the rest of the world collapses if the USA does. Get real please.. Obviously those who follow your line of thought are still the majority of ignorant people in the USA.
Think of this... IF what you say is true, then why the hell would india and china be discussion letting the dollar go as major reserve currency??? The answer is obvious: you have been weighted and found wanting. Now deal with it. Quoting: NIMSTER 718688
Well IF the do let the U.S. dollar go where are they gonna buy food??....im not from the U.S. but yet i know U.S. is one of the country who SELLS FOOD TO OTHER COUNTRIES THE MOST, not knowing that makes u even more ignorant.. |
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