No replacement for US dollar...says Dr.Manmohan Singh.
When IMF decide to sell off 400 Tons of Gold, with the demand supply principle the gold prices should have fallen. Instead it sky rocketed. And knowing that the demand supply principle didn't work, the economic viz kid went ahead and purchased 200 Tons of Gold in a high price. If Dr. Prime Minister had so much trust in US currency, why purchased gold, that too when the prices are on record high???
It is simple currency terrorism, some nation simply enjoy becuase they trade and retain us dollars and usa citizen buy so cheap product that is made in third world low currency exchange, india is in trap of usa , it is only country which welcome whole chaeap product to its middleclass and earn taxes and export expensive weaponaries.
Usa need more chines than india because chinese are so cheap and easy to start their business at lower cost and manipulate exchange rate rediculously,,,india is very far away,,,,it is not devlopment it is another sort of casino gambling,, rob pope and donate to mike to usa.
Manmohan might have brokered in providing India with H1B visas (H1N1 virus also)and back office jobs is their mantra...both these had its setbacks.....creating a youth pool without creativity.The ash posh lifestyles are taught in these back offices by offering them late night pub parties,language,culture training...etc....most of the back office works are causing underutilisation of well educated youth possssing MBAs and other degrees....A culture of laziness and consumerism has been imported indian way of life and thinking...which stunted innovation and self sustenance
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