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USD vs INR

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NITIN SHETTY

The document compares the US dollar and Indian rupee. It notes that the dollar is backed by oil since the 1970s through agreements for oil to be sold in dollars only. This allows the US to print dollars without gold reserves. In contrast, the rupee still states that it can be exchanged for gold upon request to the Reserve Bank of India. However, dollars printed without gold backing are equivalent to taking Indian gold without compensation if dollars are returned, since the US does not promise to return anything for the dollars. Relying on dollars for oil imports through this system burdens India.

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INDIAN RUPEE VS US DOLLAR
DO YOU KNOW..??? ï‚— The value to dollar is given by petrol ï‚— This is called Derivative Trading. ï‚— America has stopped valuing its Dollar with Gold 70 years ago.
AMERICAN UNDERSTOOD..!! ï‚— That Petrol is equally valuable as Gold ï‚— So they made Agreement with all the Middle East countries to sell petrol in Dollars only ï‚— That is why Americans print their Dollar as legal tender for debts ï‚— 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.
INDIAN RUPEE  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
COMPARISION BETWEEN USD AND INR
FOR EXAMPLE:  Indian petroleum minister goes to Middle East country to purchase petrol, the Middle East petrol bunk people will say that litre 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 take a white paper , print Dollars on it and give it to the Indian Minister.  Like this we get dollars , pay it to petrol bunks and buy petrol…….
…Continue……………………………..  But there is a fraud here.  If in case we change our 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. They will print Dollars on white papers as they like.
Conclusion: ï‚— At present the problem of India is the result of buying those American Dollars. ï‚— The American white papers are equal to Indian Gold. ï‚— So if we reduce the consumption of petrol and cars, Dollar will come down

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USD vs INR

  • 1. INDIAN RUPEE VS US DOLLAR
  • 2. DO YOU KNOW..??? ï‚— The value to dollar is given by petrol ï‚— This is called Derivative Trading. ï‚— America has stopped valuing its Dollar with Gold 70 years ago.
  • 3. AMERICAN UNDERSTOOD..!! ï‚— That Petrol is equally valuable as Gold ï‚— So they made Agreement with all the Middle East countries to sell petrol in Dollars only ï‚— That is why Americans print their Dollar as legal tender for debts ï‚— 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.
  • 4. INDIAN RUPEE ï‚— You observe Indian Rupee, “I promise to pay the bearer..." is clearly printed along with the signature of Reserve Bank Governor. ï‚— 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
  • 6. FOR EXAMPLE: ï‚— Indian petroleum minister goes to Middle East country to purchase petrol, the Middle East petrol bunk people will say that litre petrol is one Dollar. ï‚— But Indians won't have dollars. ï‚— They have Indian Rupees. So what to do now? ï‚— So That Indian Minister will ask America to give Dollars. ï‚— American Federal Reserve will take a white paper , print Dollars on it and give it to the Indian Minister. ï‚— Like this we get dollars , pay it to petrol bunks and buy petrol…….
  • 7. …Continue…………………………….. ï‚— But there is a fraud here. ï‚— If in case we change our mind and want to give back the Dollars to America we can't demand them to pay Gold in return for the Dollars. ï‚— 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" ï‚— So, Americans don't need any Gold with them to print Dollars. They will print Dollars on white papers as they like.
  • 8. Conclusion: ï‚— At present the problem of India is the result of buying those American Dollars. ï‚— The American white papers are equal to Indian Gold. ï‚— So if we reduce the consumption of petrol and cars, Dollar will come down