Military History
|
How To Make War
|
Wars Around the World
Rules of Use
How to Behave on an Internet Forum
India
Discussion Board
Return to Topic Page
Subject:
Indian banking system gets downgraded
Le Zookeeper
11/23/2009 4:43:19 PM
Increase in non performing loans to 20% plus. Co-ordinated global collapse more likely.
Quote
Reply
Show Only Poster Name and Title
Newest to Oldest
Le Zookeeper
Indian PM endorses US dollar and economy( a booboo I think)
11/23/2009 4:53:39 PM
WASHINGTON: In an extraordinary endorsement of the United States? economic resilience, India?s Prime Minister Manmohan Singh has said questions
http://timesofindia.indiatimes.com/india/America-has-the-capacity-to-bounce-back-assures-PM-Manmohan/articleshow/5261188.cms&title=America
has the capacity to bounce back, assures PM Manmohan - India - The Times of India" target="_blank" pg="Twitter">Twitter
Facebook
Share
Email
Print
Save
Comment
about the American economic model and the setbacks it is suffering are temporary, and the country has the capacity to bounce back.
Singh also gave a thumbs up to the beleaguered US dollar, saying ''as far as I can see right now, there is no substitute for the dollar.'' His own feeling, he said, ''is that we have not entered an era of irreversible shift in economic strength of the United States.''
The Indian prime minister?s comments came in an interview with Fareed Zakaria on the CNN program GPS, hours ahead of his first official engagement in Washington DC on Monday afternoon, an address to US and Indian business leaders, where is now certain to get a rousing welcome. The remarks also came amid deep despair and a crisis of confidence in the US over the state (and future) of the economy and the dollar, particul
Quote
Reply
Le Zookeeper
I must take back my statement
11/25/2009 12:15:17 AM
Indian shrewdness (or double dealing or doublespeak) excels and beats the US/UK banking cabal. As the Prime Minister Manmohan Singh praised US "economic resilience" and said that the US dollar is the reserve currency, and had a state dinner with the Obama's (a grande affair, I should try to get invited next time) its central bankers were busy dumping the dollar as fast as they could (India's actions do not support its words, dumping dollars so fast implies no faith in US economic resilience or dollars).
The first tranch of 200 tons of IMF gold was bought by INdia (ridding itself of the soon to be worthless US dollar), and it is'busy negotiating buying the rest of the gold for sale, effectively ridding itself of a truck load of dollars. This action raises the possibility of a run on the US dollars as other countries will soon follow India's action in dumping the dollar. Well the cat is out the bag. I feel sorry for China, they will get stuck with the check.
>
>
India plans to buy more gold from IMF
By
Mandakini Raina
Nov 24 2009
, New Delhi
Tags:
IMF
,
Plan
India is open to buying more gold from the International Monetary Fund (IMF). It
RELATED ARTICLES
Indian appointed to key IMF post
IMF head eyes global currency change
India hopes to complete EU trade talks in 2010: PM
India buys 200 tonnes of IMF gold
Asia recovering rapidly; but challenges ahead: IMF
bought 200 tonnes for $6.7 billion on November 3. The Reserve Bank of India (RBI) may well buy IMF?s remaining hoard of 201.3 tonnes on acceptable terms, which are now under negotiation.
A government official said that the additional purchase would depend on the ?successful pitching by RBI?. ?RBI is an independent body, and the government does not interfere in its affairs. It will get the gold if its bid is successful and at the price it has offered,? said the official.
RBI did not respond to Financial Chronicle questions if it was bidding for the remaining IMF gold. The purchase of the first lot of 200 tonnes, RBI had said at the time, was a part of its foreign exchange reserves management operations.
Responding to query from FC, an IMF spokesperson said the gold sale process was still under way and ?there is no fixed timetable for completing the sale?.
Quote
Reply
Latest
News
Most
Read
Most
Commented
Hot
Topics
AIR DEFENSE: Never Enough Air Defense Missiles
SUBMARINES: US Colombia SSBNs Behind Schedule
PROCUREMENT: Neutral Switzerland Upgrades Its Military
PROCUREMENT: Neutral Switzerland Upgrades Its Military
CHINA: China April 2024 Update
SUBMARINES: New Submarines for Norway
WEAPONS: Russia Running Out of Antique Weapons
SOMALIA: Somalia April 2024
ARTILLERY: New Iranian Weapons
INTELLIGENCE: NATO Suspects a Threat
ATTRITION: Russia fires on Ukrainian Fakes
NAVAL AIR: Tritons Assemble
WEAPONS: South Korean Arms Exports to the Middle East
LIBYA: Libya April Update
ARTILLERY: Russia Bombards Ukraine With North Korean Missiles
WARPLANES: South Korea’s Troubled KF-21 Jet Fighter Project
AIR WEAPONS: Drones Dominate Ukrainian Battlefield
SUBMARINES: Ukraine Obtains Anti-Submarine Weapons
MURPHY'S LAW: Nationwide Impact of Ukraine War in Russia
STRATEGIC WEAPONS: American ARRW Missile Tested
SURFACE FORCES : Vasily Bykov class Corvettes
SPECIAL OPERATIONS: Tatar Rebels in Crimea
PROCUREMENT: China Supercharges Military Spending
ARMOR: M1A2SEP3 Tank Paradox
AIR DEFENSE: Russia Seeks Answers
ARTILLERY: HIMARS Prevails Against Russians
ARTILLERY: Chinese-Truck Mounted Artillery
SURFACE FORCES : Zumwalt Class Destroyers Find a Purpose
ARTILLERY: NATO Artillery Shell Shortage
SUBMARINES: Lada Class Submarine Abandoned
Subscribe to Our RSS Feed
Air Defense: Never Enough Air Defense Missiles
Submarines: US Colombia SSBNs Behind Schedule
WARS China: China April 2024 Update
Weapons: Russia Running Out of Antique Weapons
Procurement: Neutral Switzerland Upgrades Its Military
Procurement: Neutral Switzerland Upgrades Its Military
Submarines: New Submarines for Norway
Artillery: New Iranian Weapons
On PointIsrael's Airspace Defense Victory: Credit Reagan's SDI
WARS Somalia: Somalia April 2024
Intelligence: NATO Suspects a Threat
Attrition: Russia fires on Ukrainian Fakes
Naval Air: Tritons Assemble
Weapons: South Korean Arms Exports to the Middle East
Air Weapons: Drones Dominate Ukrainian Battlefield
Artillery: Russia Bombards Ukraine With North Korean Missiles
WEAPONS: Russia Running Out of Antique Weapons
CHINA: China April 2024 Update
AIR DEFENSE: Where the Patriot Missile Batteries Are
WEAPONS: South Korean Arms Exports to the Middle East
NAVAL AIR: Tritons Assemble
ATTRITION: Russia fires on Ukrainian Fakes
INTELLIGENCE: NATO Suspects a Threat
ARTILLERY: New Iranian Weapons
SOMALIA: Somalia April 2024
SUBMARINES: New Submarines for Norway
SPECIAL OPERATIONS: Ukrainian Improvised Air-Defense Network
SPECIAL OPERATIONS: Ukrainian Improvised Air-Defense Network
PROCUREMENT: Neutral Switzerland Upgrades Its Military
PROCUREMENT: Neutral Switzerland Upgrades Its Military
SUBMARINES: US Colombia SSBNs Behind Schedule
Air Defense: Where the Patriot Missile Batteries Are
News
How To Make War
Wars Around The World
Austin Bay's On Point
StrategyTalk
Dirty Little Secrets
Features
Al Nofi's CIC
Videos
Photos
Jokes
Community
Military Discussion Boards
Military Jokes
Military Photos
Military Book Reviews
StrategyPage
Account Manager
Login
Feedback
About Us
Search
Advertise With Us
Search