My blogger friend Rajkumar Negi, a well read person, sent to me some valuable information by way of a writeup by SM Basha quite elaborately covering the much talked about Indian Rupee/ USDollar scenario in the recent past and equally currently. The information so provided by the author is meaningfully important and worth going through. I quite find it worth sharing with my readers and from that point of view the very text of Rajkumar Negi’s message to me containing Basha’s writeup is reproduced in full below for their knowledge and sharing:
“Sir,
one of our blog reader bass has forwarded the following story of
Dollar, I forward the same for your consideration,and please give your
comments, or put this on your blog. thanks.
Rajkumarnegi
*Real story of American Dollar v/s Indian Rupee*
*(Very Interesting Article MUST SHARE from an excellent website)
*
*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
Englishby Radhika Gr.
Kindly share this and make everyone aware of the facts of American
DollarV/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 64
Do you think US Economy is booming? No, but Indian Economy is Going Down.
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
crisisand 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.
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.*
smbasha”
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