You are correct.
Behind the machinery of the world’s financial systems, USD Dollars are the medium of exchange the world transacts in. So every time the Federal Reserve creates (prints) a new dollar, the rest of the dollars in the world get devalued—whether they are in the United...
I feel so sorry to tell you that US dollar as the Global Reserve Currency, We USA can print unlimited money to pay debt and buy anything at low prices! HAHA SORRY!
With the U.S. Dollar as the Reserve Currency of the Planet, oil and all commodities are all priced in US Dollars. This causes oil and the by product of gasoline to be incredibly cheap to you as an American.
Just compare how much other members of the richest nations whose currencies are not the...
No way, US dollar is the World's Reserve Currency.
So far, the U.S. has been able to get away with massive debts and unsustainable deficits for one simple reason. The U.S. dollar is still the world’s reserve currency, as it has been effectively since World War II and literally since the...
Sorry, you are wrong, You don't know what does "US dollar is the World's Reserve Currency" mean
US inflation is below 2% while we print unlimited money
US dollar is the World's Reserve Currency
The present system of reserve currencies favors the United States government and American consumers. It is a subsidy to exports to the USA by way of holding down interest rates for U.S. government debt. Central banks inflate. US can print unlimited...
I just tell the truth, We US can print money, QE1, QE2, QE3...and go on, because USA dollar is the World's Reserve Currency (Our secret Weapon). India has neither.
Ajit Dayal is right, there is no "quick fix" solution to Indias Infrastructure problems. The planning is in place but the execution is downright poor. The execution with an efficiency of 99.9% is going to be the order of the day. 98% efficiency is not acceptable.
India's power infrastructure? Or other areas of infrastructure such as roads for example? We are very doubtful. While financing projects is all very fine, the matter does not end there. Execution remains the key.
And on this front, history has laid bare, the government's inefficiency. As Ajit...
Joke!
India has the 4th worst current account deficit of any EM nation. The country as a whole needs to borrow from the world just to survive. The govt needs to borrow just to survive too. It doesn't matter if the Indian govt (2nd highest EM govt debt level)borrows domestically or from overseas...
February 1, 2012
Mumbai: India's budget deficit reached 92.3 per cent of the fiscal-year target in the nine months through December, imperilling the government's aim of reining in the gap.
The shortfall was 44.9 per cent of the annual objective in the same period a year earlier.
Finance...
Feb 1, 2012
The euro fell to its weakest level in almost a week versus the dollar as investors speculated European policy makers won’t be able to reach an agreement regarding Greece’s debt obligations. :fie:
Euro Falls to Lowest in 5 Days Versus Dollar - Bloomberg