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Thursday, 22 August 2013

Stop Using Cars For 7 Days Except For Emergency, Dollar Rate Will Be Down

22:18 Posted by vijay pasham No comments
Yes, it is 100% true. In next 15 minutes you will be having a brief idea on the things which you might not be aware of. The value of dollar is somehow given by petrol only which comes from the fact of Derivative Trading.

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.

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 give us dollars by taking Indian Rupees ( according to exchange rate ) , 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 something wrong 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. 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. At present the problem of India is the result of buying those American Dollars. So if we reduce the consumption of petrol and cars, Dollar will come down.

As an ordinary citizen, I think one step we all can take is to curb imports, which will reduce the current account deficit(i.e. the deficit of exports to imports); remember as "charity starts at home", even the rise and fall of the Rupee starts at home. A few ways this can be done by:

  • Say no to gold and precious stones - after oil, these form our main imports, hence, curbing them can be a benefit to the economy. Use Indian-made costume jewellery instead, come on no one in a marriage will test how pure the gold is or how much it weighs.
  • Be eco-friendly - well, walking for short distances, wide use of public transport, usage of Indian-made cycles and other Indian-made eco-friendly vehicles will help in reducing our largest import - oil, also, will strengthen your health, therefore, health and wealth can come together at times.
  • Swadeshi - try to use as much as Indian goods as possible; look for products manufactured by home grown companies. I am not telling you to compromise your life style, but you can choose an alternate product alteast in one area, this can significantly decrease our imports.
  • Encouraging entrepreneurship - would result in more Jobs, Indian-made goods and services, which would result in import-substitution and slowly, increasing exports.

I am an Indian and i am equally worried about my country. Lets do this for our country. Please share this article to as many you can so that they know what our country is lagging.

Jai Hind!!


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