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Rupee and Dolloar - India vs US

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I am giving below a forwarded mail that I received recently. Though a bit longish, it makes for interesting reading. Perhaps, our Forum members can share their views on this.

Regards




Few tips to save Indian Rupee consciously………………….


Real story of American Dollar v/s Indian Rupee


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

Throughout the country please stop using cars except for emergency 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.
But what will Americans give to the Middle East countries for selling petrol in Dollars only?
Middle East kings pay rent to America for protecting their kings and heirs. Similarly they are still paying back the Debt to America for constructing Roads and Buildings in their countries. This is the value of American Dollar. That is why Many say some day the Dollar will be destroyed.
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
The Above Details are translated originally from Telugu Language to English by Radhika Gr.
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:-
At 2008 August month 1 US $ = INR Rs 39.40
At 2013 August now 1 $ = INR Rs 68
Do you think US Economy is booming? No, but Indian Economy is Going Down.
Dollar is not getting stronger but rupee is getting weaker & nobody else is responsible except us!

How can we change it?
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 paise 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.
We have lots of option, need to apply
1. A Cold Drink produced for 70-80 paisa sold at Rs. 9-10!
Stop drinking them, go to soda shops & drink lemon juice, lassi etc. instead of coke, pepsi, limca
2. Soaps
Use Soaps of cinthol,santoor,medimix, neem instead of lux,lifebuoy,rexona,liril,dove,pears,hamam,lesancy,camay,palmotive!
3. Toothpaste-
Use Neem, babool, vicco, dabur, promise instead of colgate,close up,pepsodent,cibaca
4. Toothbrush
Use prudent,ajanta,promise instead of colgate, close up, oral-b,pepsodent,forhans
5. Shaving cream-
Use godrej ,emami, vjohn
Instead of palmotive,old spice,gillete.
6. Blade-
Use supermax,topaz,laser,ashoka
Instead of seven-o-clock,365,gillete
7. Talcum powder-
Use santoor,gokul,cinthol,boroplus Instead of ponds,old spice,johnson,shower
to shower.
8. Milk powder
Use indiana,amul,amulya' verka
Instead of anikspray,milkana, everyday milk, milkmaid

9. Shampoo-
Use Nirma, Velvette
Instead of halo, all clear,nyle sunsilk,head and shoulders, pantene
10. Mobile connections-
Use bsnl,airtel,reliance
Insteaf of vodafone, docomo
11. Food-
Eat at jay bhavani, TGB, local restaurants
Instead of macdonld, subway, pizza hut, kfc
12. Mobile
Use micromax, karbonn,virgin
Instead of samsung,apple, htc, sony, nokia
13. Bikes-
Use hero, royal enfield
Instead of honda, yamaha
14. Footwear-
Use bata, chavda
Instead of nike, reebok,adidas,converse

15. Jeans and shirts
Use spykar, k-lounge
Instead of lee,levi's,U.s. Polo, pepe, benetton

16. Watch
Use titan, sonata ,fasttrack
Instead of tommy, Citizen,zodiac,tissot

Don't use items from Hindustan Liver or Uniliver. It is a foreign company.
And we blame politicians
Now go and check the things you use and ask yourself how much do you contribute to the decreased value of RUPEE
None of the indian products are subordinate in quality, they might look a bit less fancy!!
Why is china so ahead, because the whole world uses made in china items.
We indians could atleast use made in india items!
Change comes from within! Start the change by simply changing your mobile network and spread the change by broadcasting this msg to everyone on your contact list!
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!
We would be sending useless forwards to our friends daily. Instead, please forward this to all your friends to create awareness.
I did my part,
You do yours and let's see
by the end of this year
Does 1$ become Rs. 70
or it becomes Rs. 40.
.
.
Be indian ...proud indian !!!!
 
Sorry, sir, this statement in the forwarded email is absolutely bunk:

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.

Just like the USD, the INR is not attached to the gold standard as well. That allows the RBI to wantonly print money and cause hyper-inflation as has been the case for the last 50 years. If anybody can get the equivalent amount of gold by depositing Rs. 100 in the Reserve Bank, I have a bridge I would like to sell you.
 
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Isolationist may have worked, but don't cut your nose to spite your face. The industry you boycott today might employ your child tomorrow.
We are all connected, we all depend on each other, giving up life's luxuries is a pipe dream in today's world.
 
Iam giving below a forwarded mail that I received recently. Though a bit longish,it makes for interesting reading. Perhaps, our Forum members can share theirviews on this.
Regards

……
Buy only products manufactured by WHOLLY INDIAN COMPANIES.Each individualshould become a leader for this awareness. This is the only way to save ourcountry from severe economic crisis. You don't need to give-up your lifestyle.You just need to choose an alternate product.
……………………….
Every INDIAN product you buy makes a big difference. It saves INDIA. Let ustake a firm decision today.
………………….……

Funny, even in the booming American eonomy, the Americans are talking along similar lines- buy American!
ABC News anchor woman Diane Sawyer is spearheading a movement in USA to tell Americans to take the “ 'Made in America' Pledge: What is American-Made in Your Home?”

Check it out here
 
ABC News has the top rating among the 3 American National news network. A recent (July 30, 2013 ) NYTimes article declared :
ABCNews Dethrones NBC in Crucial Ratings Race ABC’s 6:30 p.m. newscast, “World News With Diane Sawyer,” bested “NBC Nightly News With Brian Williams” among 25-to-54-year-old viewers. If any of the anchorman from the several Indian news network were to make asimilar declaration, he will be immediately branded….
 
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Writer of article # 1 has simply forwarded a message received by him - without clarifying whether he accepts the statements given in the message. In a global economy, it is absolutely not possible to follow whatever mentioned in the frowarded message. The person who has forwarded himself may not be observing most of the things stated in the mail.

Bulk of GDP of India comes from the services sector and a good part of the revenue comes from abroad. We should try to produce products with same amount of quality and try to compete with foreign brands and MNCs rather than raising the slogan of "Swadeshi" after 66 years of independence.

Venkat K
 
Whatever Dr. Swamy had said is the truth, the naked truth.
I can understand if you find him persuasive about the sins of Sonia and Gandhi family, but do you really buy his Hindutva bull? When he speaks of Hindu identity he sounds very much like the English Defense League or other Neo-Nazi groups.

regards ...
 
..... We should try to produce products with same amount of quality and try to compete with foreign brands and MNCs rather than raising the slogan of "Swadeshi" after 66 years of independence.
This is a splendid thought, who could be against producing high quality products and be able to compete with MNCs?

But these MNCs make obscene amounts of profit by seeking out places where they can access cheapest possible labor and with lax environmental standards, both of which they can exploit as much as possible. Examples of such exploitation abound. This is why the oxymoronically called Free Trade Agreements the MNCs love limit labor mobility but facilitate easy and unfettered movement of capital around the globe. If these leeches are really serious about freedom why can't we have free movement of labor part of GATT? Why can't we have uniform environmental standards all across the globe as part of the treaty?

So, the spirit behind the OP is understandable, even commendable.

Cheers!
 
Interesting read, i can a see a bit of patriotism and non-competition, if that makes sense!!
 
I can understand if you find him persuasive about the sins of Sonia and Gandhi family, but do you really buy his Hindutva bull? When he speaks of Hindu identity he sounds very much like the English Defense League or other Neo-Nazi groups.

regards ...

My comments, in response to Shri tks' post, were only regarding the Indian Rupee.

Hindutva, I feel, is a very nebulous concept, as the Nagpur ITAT had ruled. I don't genuinely feel that BJP/RSS can mobilise votes even in semi-urban areas with the slogans of hindutva, temples in Ayodhya, Mathura & Kaashi, etc. Since Indian population is young, as admitted by swamy himself, BJP should be able to fathom the requirements/dreams of the gennext and formulate its strategy accordingly, I feel. The challenge of the future lies in which party does this more attractively.
 
Venkat Sir, I was a bit reluctant to either accept it in whole or dispose it of as a whine; my policy is simple. Where you find better quality Indian items that matches foreign imports, we should go for the Indian products. If one finds an import superior to whatever you find in the country, then there is no harm going in for the phoren product. Be it Indian for foreign, we should get our hard-earned moneys worth.
 


My comments, in response to Shri tks' post, were only regarding the Indian Rupee.

Hindutva, I feel, is a very nebulous concept, as the Nagpur ITAT had ruled. I don't genuinely feel that BJP/RSS can mobilise votes even in semi-urban areas with the slogans of hindutva, temples in Ayodhya, Mathura & Kaashi, etc. Since Indian population is young, as admitted by swamy himself, BJP should be able to fathom the requirements/dreams of the gennext and formulate its strategy accordingly, I feel. The challenge of the future lies in which party does this more attractively.

I do not follow nuances and details of Indian politics.
I only heard Dr Swamy assert need for national unity of all Indians including those who are not Hindu anymore (but their ancestors are from Indian subcontinent following whatever is the way of life then).

I heard logical unfoldment of his views and did not hear any militant statements. Defending oneself is not active violence and in this sense he made a few points using Hindu contexts and epics about his view of Dharma.

Young people should be able to resonate well to his call for unity.

Usually someone who is militant and fundamentalist in their core views tend to label others. One can be a fundamentalist in their belief system even in say communism or atheism or any other ism and and such an affliction is not limited to hard core religious types only.

Labeling someone is a simple way to stop thinking in my view. Inability to listen with open mind is another consequence of labeling.

I thought Dr Swamy was logical in his descriptions and was not trying to be militant in this presentation.
 
Swamy has created fear among the high and mighty that their actions will be scrutinized...This speaks about his credentials
 
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