India following facist model according to Indian author 1723

On Mon, 27 Aug 2006, Kamal R. Prasad

We are talking about the power structure...go up and read the first paragraph.

Its very important. It provides something and it makes money. Most land in the world is owned by a very small fraction of the people.

Why do you think it is called "the world's oldest profession"?

If it is the world's oldest -then it

How do you know?

All depends on your point of view, doesn't it?

With the british having left and islam being sidelined -you ^^^^^ Think? Thank? Another invention from the USA: scrimshaw. Unique to North America.

Now you flip-flopped.

Show me.

How do you think we got where we are, then? Magic? Like the Great Indian Hope Trick?

Conversely, show me how you can afford to keep importing and

I showed you this (you never acknowledged it): ---------------------------

The Economist (I hope you know that periodical) publishes in the back pages of every issue lots of financial data. In the April 29, 2006 issue on page 101, is a bar graph showing (breastle of bar graph) "Trade in commercial services" with an asterisk which says "Transport, travel, commmunications, financial and other services" and under the breastle it says "Top exporters, 2005, $bn" and guess who is at the top? The USA, exported $350 billion in services. The next highest exporter is Britain with $180 bil. There were 13 more countries listed (Germany, France, Japan, Italy, Spain, China with $80 bil, Netherlands, India with $65 bil in services, and the rest with Canada ending at $50 bil). The source was given as the WTO.

Just in the Tuesday, May 16, issue of the WSJ, front page, is another bar graph on world wide farm exports. Guess what, US is at the top with $79.6 bil in exports. The whole EU exports $78.4 bil. Others in order down the list are Canada (40.1), Brazil (30.9), China (24.1), Oz (22.1), Argentina (17.1), and down through Russia (13.8), and Malaysia (13.1), and India not even on the list. -------------------------

Not complete. FRB makes money. If you deposit money, YOU can say you have that money, but the next day, most of that money is loaned out and the recipient can say he has that money. Almost 2X as much money comes out with 1X money deposited. Its in Griffin's book. Its in all the banking books I've seen. You just don't understand it.

Financial collapse? Can't happen these days. Even in the stock market. They close the door for a few days.

Nah, they think they have a god-given right to own that deal.

If there are more high

Show me where it happens. I will laugh when US corporations fire Steve Jobs and hire Kamal Prasad at one tenth the pay.

CEO wages, like anybody else's wages are

Nah, not true. Its a special land of plenty in the USA, we have a special "fountain of wealth" here for CEOs. Their pay is up 10-50 times anywhere else in the world. Its a fact.

Is something holding back

Yeah. Too many underlings, too few CEO posts.

Two kinds of investors: those who buy (give money for stock) in IPO (and the company uses that) and those who trade (buy and sell) on "antique" stock.

nInvestors put

I don't have to be invited to buy stock. I can just go down to any local stockbroker and plink down my wad of money and buy anything I want. IPOs may be limited.

Do you remember that I have a company, and its private?

I raised all of my company's capital from net profits.

-investors will be sidelined.

I have net earnings and don't need all that.

Why don't you blame them, too? They supported a cold war with the USA. And, all kinds of other countries got favored treatment. The SU had their client states, got foreign aid. The US had their client states, got foreign aid, too.

regardless of how it ruins

All taking advantage of exchange rates.

The greater the poverty overseas and the greater

There are too many people in the world, especially yours.

Do you call China a "ruined state"?

for there to be a surplus of cheap

Nah, not at all. Just manipulate the currency to favor exports. Just like China. Its a fact. India targets its exchange rate, too.

Same thing as I said.

And, how did Japan go from nothing in 1940s to #2 in the world today?

If all Indians who are as productive as americans -start

But they are splurging. Indians now have 100 mil cell phones. All up by a factor of 10 in the last three years. Cars, electronics, all of your new middle clbutt. Debt, credit cards, everything.

with exchange rates intact -they will also

Nah, only when work to be done from USA becomes limiting. Then, you will have more people without jobs in India and all of the work we supply will be done. Then, you will have to find desk jobs from some other country to steal.

The strong dollar policy

And, the weak Rupee and Yuan facilitates exports from China and India.

This word....

...contradicts this phrase.

Wealth is trade-able

Tradeable for what?

So, money is, by your definition, fungible. Do you know what that means?

All depends on who has the control of the price.

It will instead cause

Science fiction. The only time gold goes up is when there is a crisis in the middle east. When the crisis goes down, the gold goes down. No change in money supppy.

If increasing money supply by

You can buy just about anything in the world and all you need is money. The best kind of money is USD.

Oh? Did you know that trade went on before there was money?

LOL. You can buy cars, houses, factories, food, anything for sale.

See far above.

I've had more money pbutt through my life without using "specie." Do you know what that means?

OK, when are you going to tell me what wealth creation is that has nothing to do with money? Tell me what wealth can buy (and how) that money can't buy. You have not done it yet.

But you are constantly complaining about the US printing money as if it is.

So, its OK for your think tanks to work and help bring in business to India, but our think tanks do nothing, right?

Then, how does our formal defense industry bring in money to the USA?

That is how our USD finances it.

Name a place or country that will not take USD for goods-services.

The real

See, here's your mistake. You said in that sentence "aka wealth" and said USD in the same sentence. YOUR own sentence. Wealth = (aka) money.

If they

And, if anyone sells non-USD reserves, THAT currency will tank and be worth nothing.

So, to ensure their reserves are worth something -they

And, that "real" wealth ends up being what makes common sense: i) US securities, ii) US real estate, iii) everything else that you can buy with most money.

When you buy goods-services from other countries by giving them

From

I actually, really, own all of my buttets. That means, I have what is called "clear breastle" (I have no debts, none).

You also need to understand--and from all you have written, you don't--that US enbreasties hold a very large amount of buttets in both Canada and Europe. All that FDI goes both ways. I've told you this before, and many times and it does not sink into your head.

Yeah, they do.

And, whose fault is that? And, who does it benefit?

Becauser of liquidity what?

Ref the example of gold above. Every govt has

Which basically says what I said. Your inflation is very close to ours. Same thing as printing money. Money from the outside comes into India, feeds new jobs, and then you have jobs competing for employees and the employees say "OK, pay me more to come-stay" and that is really happening.

Its like engine oil -which you need to keep

Explains nothing.

We have not had a president worth thanking for anything for decades.

USD there, too. US corporations were there, too.

They have real wealth

What hi-tech exports from Russia? I haven't seen anything "made in Russia" here except vodka and caviar.

which they can trade for the

So, you still have not told me what your idea of "real wealth" is and how it is different from money.

Nah, you can take a $billion and buy a position in the financial markets and get more money back (or lose money) without hiring one person.

And, you conveniently edited out all of my other questions and situations for which you have no answers, either.