Indian Economy Might Crater Sooner Than Most Think, or Are Prepared For

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Subject:	Indian Economy Might Crater Sooner Than Most Think, or Are Prepared For
Date:	Mon, 12 Dec 2011 09:24:58 -0800
From:	Jas Jain

Indian Economy Might Crater Sooner Than Most Think, or Are Prepared For

That Global economy is decelerating is not in question; the only question is: Which countries would enter recession when, one after another, and when the global recession would be acknowledged by pundits and politicians?

Timing the once in centuries event—End of the Western European Hegemony and the Rise of East Asia as the Dominant Political Power—is not always easy but we are very close to that. By 2030 it would be history. One of the Asian economies to enter recession lot sooner than people think, or are prepared for, is India. It is likely that INR would cross the 100 mark before the end of 2013 (when I was a young boy it was 4.5). In that event the price of gold in dollars would go down but go up in rupee.

Most Indians are ignorant of the basic nature of the Western capitalistic system—booms and depressions, driven by debt and stock markets, which are substitute debt markets. It is better to be prepared early than late.

Jas

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