No one cares rats ass for Indian Rupee outside India, US dollar is accepted worldwide as a legal tender and reserve currency with 67% worldwide foreign exchange reserves held by major exporter countries.
US dont have to keep foreign exchange reserves since their own currency is the reserve currency of the world , a feat unmatched by any other country.
Lots of buggers will say Euro, but Europe lacks military might of USA and no one will risk a weaker power's currency to keep their reserves.
And to make payments, US simply prints dollar notes ! Its as easy for them.
Americans dont have to work like dogs into odd hours in an outsourcing industry for 14 hours to bring in foreign exchanges.
Re: Indian and Nobel
by raj on Sep 24, 2008 08:35 PM Permalink
It means Americans only call other countries call center dogs to solve their problems. They don't have enough dogs in their country so they are dependent on other countries dogs.
Re: Re: Indian and Nobel
by Jaichand on Sep 24, 2008 08:41 PM Permalink
Very right, such as a dawg like you who makes it a prestige issue to work in an Western company after graduating from a top indian institute to serve your American bulldogs.
Re: Re: Re: Indian and Nobel
by raj on Sep 24, 2008 08:50 PM Permalink
For call center job minimum qualification is knowledge Good English only. Anyone can work in in Western company even 5th fail also.
Re: Re: Indian and Nobel
by Dipak Bose on Sep 25, 2008 08:15 AM Permalink
Amartya Sen has Indian passport. He does not live in Britain, but in USA. Among the three mentioned above Partha DasGupta has Indian passport, but not the others( Dixit and Bhagwati are American, not Indian).
Re: Re: Re: Indian and Nobel
by sumit kumar nayak on Sep 25, 2008 05:26 PM Permalink
I don't understand you all! Why it matters if a person of Indian/Pakistan/USA/UK gets a nobel. Only their work should be appreciated or critised. Also how it matters what USA thinks of us. By the comments posted by you all, it appears that you are not confident that an INDIAN may get this award. Why american, you are all degenerating INDIA and INDIANS. LONG LIVE THE WORLD and peace may prevail.
Re: Re: Indian and Nobel
by numb nut on Sep 24, 2008 08:52 PM Permalink
US prints money and it ends up in Chinese pockets wow, and the US are left with assets that nobody wants to buy. Yeah US is all - powerful, that is why they are struggling to catch a rat called Osama lol
Since we Indians do not suggest or support any nominations it is rahter difficult to see how any Indian is likely to win the Nobel for anything. Don't forget Amartya Sen is British passport holder, lives in England which is how he won the Nobel.
Re: Indian and Nobel
by Dipak Bose on Sep 25, 2008 08:12 AM Permalink
Amartya Sen has Indian passport always, even today. He does not live in England anymore, now he lives in USA( in Harvard again)
Re: Indian and Nobel
by Inflation on Sep 26, 2008 01:25 AM Permalink
AK Sen got that Economic Prise in memory of A Nobel due to BJP-NDA govt, who was investing lots of money on defence. The western world wanted to stop that by pushing AK Sen an economic award and divert Indias defence investment to other areas.
Re: Indian ofcourse
by Jaichand on Sep 24, 2008 07:28 PM Permalink
Are you a fool ? Behaving as if American economy has collapsed ? US is a $14 trillion economy and their currency Dollar is the default most accepted currency in the entire world, they can literally print dollars and pay their debtors as they already do.
get your basics right. And only US can afford to bail out its failed banks by giving a mammoth $900 billion package for this purpose .
Do you know how much is the national budget of India ? It is in tune of $140 billion versus $2000 billion for USA national budget.
USA exports $1700 billion India exports $160 billion
USA economy leads the world, US sneezes , world catches cold as you can see BSE crashing. Wake up and dont talk nonsense based on half knowledge and false ego.
And I dont have to tell you that it is India that has half of the world's poor and hungry people not USA.
Re: Indian ofcourse
by raj on Sep 24, 2008 08:06 PM Permalink
And I don't have to tell you that after Subprime mortgage crisis half of the US population is under big debt.
Re: Indian ofcourse
by Jaichand on Sep 24, 2008 08:13 PM Permalink
Debt is the US style of life for 200 odd years of their history, they use CREDIT CARDS just like Indians use cash, and it has worked for them for two centuries and made US the consuming giant it is with even plumber class people affording TOYOTA CAMRY which only an MBA can afford in India.
What is wrong with you ? I say 100% of US population is in debt , so what ? USA has world's most accepted currency to print and pay off supported by a mammoth $14 trillion economy.
Re: Indian ofcourse
by raj on Sep 24, 2008 08:30 PM Permalink
So it means you can buy a US$500000 house in US by using CREDIT CARDS only. Very strange.
Re: Indian ofcourse
by nickel biswas on Sep 24, 2008 11:07 PM Permalink
Hey Raj - Jaichand is absolutely 100% right. What is wrong with CREDIT CARD money? How is PAPER money any better than credit card money? The US is the largest trade partner, and investor in India. If they pulled out, then the PAPER money you have could only be used to wipe your nose.
Re: Indian ofcourse
by Jaichand on Sep 24, 2008 08:34 PM Permalink
Even biggies like warran buffet bill gates and clintons are in debt since they always use debt paymetns thru credit cards, they are americans pioneers risk takers not bookish always frowning Indians .
That's they way that country was built and this system worked for them.
A $14 trillion economy for just 30 crore people ensures such system works.
Re: Indian ofcourse
by balachandran on Sep 25, 2008 05:19 AM Permalink
DearJaichand, Very funny - issue credit cards to every family in Inda, let them get everthing necessary, if they can't pay back (which is certain), let them declare bankruptcy. At least everone will have a house and necessities like fridge,car, house etc, being bankrupt after that is fine!!!! Dear Jaichand, you either are very ignorant of the way economy works or you have recently read some article andnot understood it The payoff which is being discussed now so vehemently in US with a 700 dollar pay-off could spell dissaster to USA if Govt cannot payback the debt (which it actually has to borrow to pay for the debt) It cannot just print 700 billion dollars and pay I USA Federal Govt goes bankrupt, it could mean a big recession
We are seeing the collapse of unregulated free market system. JB is not the right guy, unless you want to give it to the most eligible Columbia Univ prof.
Very true ! Our economy is robust & unaffected from the world economic turmoil !! Indian brilliant performance in economic front proves the point.Every year we are producing billionaire !enough for begging a nobel ?
why this craze for western awards ....we always find recognition for their awards be it oscars or nobel or others .....what is their worth ....the best of consultants lehman bros tells firms how to survive and prosper ....why didnt they do it themselves ...think out of the horizon ..the whole western system is flawed ..devise something new .....
Re: why this craze for western awards
by ashok leyland on Sep 24, 2008 08:16 PM Permalink
True, but on the other hand many Nobel prize scientists (not economics or peace)have discovered / invented things that are worth mentioning. Oscar winners do nothing for the world, worse still, our actors give themselves prizes in cerimonies costing crores of rupees abroad. Why not spend this IN India instead og giveing it away to places that are already rich?
Re: Are the gentlemen Indian
by black on Sep 24, 2008 05:36 PM Permalink
Why do we have a "PHIRANG" leading Indian politics? Does that answer your question??
