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First time in the USA History...
India Forum: Comments, Opinion - Information Resource
News Summary: U.S. credit rating downgraded for first time in history. The United States lost its top-notch AAA credit rating from Standard & Poors on Friday, in a dramatic reversal of fortune for the worlds largest economy.I am yawning! Why So Late? This should have happened 10 years back while US has been printing unlimited amount of money for last 30 years. In my view, the world, in general, is always very late…at least by 10 years!The truth is the Emperor has no cloths. Nothing much has changed with this .....read more in: First time in the USA History...

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These comments are about: First time in the USA History...


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6 M Joshi on Aug-09 :

To 030201kishankb on Monday:

Not a problem..Thanks.
5 S.Ghosh on Aug-08 :

China wants to destroy all countries so that only the Han Chinese can rule the world.

USA"s manufacturing industries are nearly destroyed because of Chinese exports to USA.


4 030201kishankb on Aug-08 :

M Joshi at 19:27 Today :

Joshi sahib ji I said it in jest. I didn"t mean a thing by it. Forget about it.

I have known you for several years now. I appreciate your wish to be helpful or goodwill as you called it. Keep up the good work.
3 M Joshi on Aug-08 :

TO 030201kishankb at 10:21

You wrote - "RU a stock or bullion broker? You came across like one."

I wish I was one. I would have made lot of money on my calls for last several years. I told people to buy Gold when it was $700 and Silver when it was $8. People those who did are sitting on profit of at least 100% to 400%. I still haven"t earned $1 out of my calls (nor that is my objective.)

Unfortunately you appear to be living in a world where even goodwill has a money tag. Fortunately, I don"t live in your world. Go read under my blogs that starts with "Why do I write all this?"

Also go read and watch how London is burning today. You may be a one who will help people in such situations, I am the one who is trying to make people (ONLY those who are willing to understand) to avoid being caught in these situations in the first place.

Poor you who sees money even behind a goodwill.

Thanks
M Joshi
2 030201kishankb on Aug-08 :

Correction to post 030201kishankb at 10:21 Today :

Please read: The number of Americans without full and part time jobs for last 3-4 years has steadily increased, not declined.

One crucial measure is the ratio of employment to population. In June 2007 about 63% adults were employed; in June 2009 is was down to 59.4 and as of 2011 the number is 58.2.

It is not a rocket science to understand that less employment means lower revenues collected to run teh government and the lower incomes also reduce consumer demands.
1 030201kishankb on Aug-08 :

RU a stock or bullion broker? You came across like one.

Sure, the markets crashed on last Friday and it is the same story today. This is what happens whenever a political system reaches a stalemate and is incapable of responding to challenges faced by a nation.

Reality is if America can continue depending on Chinese imports to meet American consumer demands. Unemployment rate is 9+%. The number of American without full and part time jobs for last 3-4 years has steadily declined. If it continues, America"s ability to consume Chinese imports is also going to decline.

Let"s face it America is destined to economically decline and face challenges from terrorism, extremism and jihadism if it is unable to stabilize the Af-Pak region.

A key to American economic problems is to extricate itself from potential wars. Another key is to provide manufacturing jobs to skilled but not technology-wise elite levels.

In last 30+ years America experienced two bubbles followed by busts. It also experienced financial bubbles. The dot.com bubble was not as serious as the present mortgage crisis is. American financial institutions created it and they will pay a serious price to absolve itself from the crisis they precipitated. Amen.




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Comments (till the day of this story)
S.Ghosh on Aug-08 : First time in the USA History... [6 comments]

China wants to destroy all countries so that only the Han Chinese can rule the world.

USA"s manufacturing industries are nearly destroyed because of Chinese exports to USA.


030201kishankb on Jul-22 : Transcendence Fueled Positive Thinking [5 comments]

In rSrno # 4, please read tongue for tonug. My bad spelling.
hindu on Jul-16 : The draconian - "Communal Violence Bill" [8 comments]

only secularism made them prominent
it seems xtians and muslims have access to good education whilst the hindus are relegated to the bottom.
hindu lawyers and law makers are gutless
S.Ghosh on Jun-22 : Challenges before Mamata Banerjee [5 comments]

Even Gandhi-Nehru were anti-Bengali, although West Bengal had Congress Government Since 1947 to 1966, it could not escape discriminations against the Bengalees:
1) The whole of the Mymansingh district was given away to Pakistan, although only 50 percent of the population were Muslims. There was a referendum, Gandhi asked the Hindus not to parti....
Sriram on Jun-03 : Binayak Sen: Connecting Secular Dots [31 comments]

Mr Gosh, I disagree with your clean report on naxal helpers. It takes the grave threat in India lightly. Severe punishment is needed or we will have destabilizing terror agents pulling off
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S.Ghosh on Jun-22 : Communal bill reduces Hindus to Jews in... [24 comments]

Western media is anti-Indian, anti0Hindu, but it is a fact that USA, France, former Soviet Union and East European countries before 1990, Japan are all Secular and they are developed.

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