India Inc will never catch up with China

[huaxia rox]

I am sure you are of astronomically high IQ, thats why you didn't bother to read the complete article. That would be a real insult to your 1023 KB size intelligence.

so with iq as high as u my indian friend....can u pls enlighten me how u gonna explain this.....

"The Swiss National Bank gives a figure for the value of securities (mainly bonds and shares) held in custody accounts. At the end of June 2009 the total value was 3,985 billion Swiss francs. This figure is for all clients -- Swiss and foreign institutional, commercial and private clients," Nason said.

and this

"We take all our statistics from Swiss National Bank and statistics about 'black money' simply do not exist," he added.

and this

"The figures were rapidly picked up in the Indian media and in Indian opposition circles, and circulated as gospel truth. However, this story was a complete fabrication. The Swiss Bankers Association never published such a report," Nason noted.

No 'black money' statistics exist: Swiss banks - Times Of India

by the way....u havt connmented on the swiss embassys statements......he or u guys 1 has to be liar......

There is a reason why it is called BLACK!

no one including swiss bankers knows it then how come u know???

 

[huaxia rox]

India is already ahead of China. India's swiss deposits are estimated to be 7 trillion Dollars. China
is nowhere close to this in their dollar holdings.

The myth of $1.5 trillion Indian money in Swiss banks - Sanjeev Sabhlok's revolutionary blog

Video they clearly say 7 Trillion Indian money is lying outside India!

according to CIA World Factbook https://www.cia.gov/library/publications/the-world-factbook/index.html

the 2011 gdp of prc is 7.29 trillion $ while india is 1.67 trillion......even your make believe '7 Trillion Indian money is lying outside India' crap is indeed there it will only take us 2 years to fill the gap........

 

[badguy2000]

india is being asskicked by inland CHina and southeast Asia in the competition to win the labour-intensive industries shifted from coastal CHina.

 

[Ray]

india is being asskicked by inland CHina and southeast Asia in the competition to win the labour-intensive industries shifted from coastal CHina.

Sadly the way the Chinese are wailing whenever they see a US fishing vessel, shows who is getting asskicked!

 

[Ray]

The same "highly recognised international economist" who relied on video links to how India stashed 7 trillion dollars in Swiss banks when the bank it-self claimed there were no such statistics?

With "economists" like that, no wonder US is facing the greateste recession since The Great Depression.

Those economists are just busy spreading sensational news on DFI. :cool2:

Please no fairy tales and fables from the Great Historian who wrote your fictional Chinese history!

 

[ice berg]

I am not the one claiming 7 trillion dollars in Swiss bank or that the guy who made that claim is :
"a highly recognised international economist". But hey what ever rocks your boat, Ray.

 

[LETHALFORCE]

It is first time I heard some americans claim US securities are worthless. Kudos. Too bad no economists have the same insight that you have.

I suggest you leave economy related issues to the adults.

No US or European Financial instiutions are buying them so we dump it on the Chinese.
Any more personal remarks will be a infarction.


http://www.gurufocus.com/news/99916/marc-faber-us-bonds-worthless-

http://www.thestreet.com/story/11259117/1/precious-metals-vs-us-treasuries.html

Gold, Silver vs. 'Worthless' U.S. Treasuries

http://seekingalpha.com/article/315952-why-investments-in-china-will-eventually-be-worthless

Why Investments In China Will Eventually Be Worthless

 

[nimo_cn]

Foreign holders account for approximately one-third of all holders.[118] The following is a list of the top foreign holders (over $100 billion) of U.S. Treasury securities as listed by the U.S. Treasury (revised by May 2012 survey):[119]

Mainland China 1,169.6
Japan 1,105.2

United States public debt - Wikipedia, the free encyclopedia

Apparently China isn't the only one buying U.S. Treasury securities.

US treasury securities are still one of the most secure form of investment as long as Americans wish to be the only super power.

 

[LETHALFORCE]

Anymore US debt -China discussions continue on this thread


http://defenceforumindia.com/forum/...eatens-default-wipeout-debt-owed-china-5.html

 

[nimo_cn]

By investing in U.S. Treasury securities, China is establishing a bond between China and US, which is based on a discreet calculation that in a foreseeable future US will still be the most powerful country in the world. Investing in a super power can't be a bad business.

The bond will not only benefit Chinese economy, but also will deter US from taking any adventurism against China if anything goes wrong.

 

[LETHALFORCE]

By investing in U.S. Treasury securities, China is establishing a bond between China and US, which is based on a discreet calculation that in a foreseeable future US will still be the most powerful country in the world. Investing in a super power can't be a bad business.

The bond will not only benefit Chinese economy, but also will deter US from taking any adventurism against China if anything goes wrong.

It all sounds good but US has no intentions of paying China back currently US treasury is .1%
and China has no means to collect from US. As long as China feels good about buying the debt
we will keep selling bonds and printing money.

 

[nimo_cn]

Anymore US debt -China discussions continue on this thread


http://defenceforumindia.com/forum/...eatens-default-wipeout-debt-owed-china-5.html

You can always threaten to do something, but that doesn't mean you will do it.

I can't deny that US is having a upper hand, but being the largest onwer of US debt gives China more leverage than being none.

It it like US has the ability to destroy China, while China has the ability to hurt US so badly it may lost the super power status, do you expect US to take that risk just to wipe out China?

That is all the deterrent China needs.

 

[LETHALFORCE]

You can always threaten to do something, but that doesn't mean you will do it.

I can't deny that US is having a upper hand, but being the largest onwer of US debt gives China more leverage than being none.

It it like US has the ability to destroy China, while China has the ability to hurt US so badly it may lost the super power status, do you expect US to take that risk just to wipe out China?

That is all the deterrent China needs.

what is the deterrence if US does not honor the debt? It is a big positive for
US and a big loss for China.

http://www.reuters.com/article/2011/06/08/us-usa-debt-bondholders-idUSTRE75718320110608

China warns U.S. debt-default idea is "playing with fire"

 

[nimo_cn]

It all sounds good but US has no intentions of paying China back currently US treasury is .1%
and China has no means to collect from US. As long as China feels good about buying the debt
we will keep selling bonds and printing money.

Someone claims you to be the internationally recognized economist, I say that is the best joke ever told at DFI.

How do you single out China and decide not to pay back? When a Chinese comes to you and offer you US currency, are you going to tell me it is worthless because it is in the hands of Chinese?

How do you mange to print money without impacting other debt holders or the credibility of US $?

The credibility of US $ is the most powerful weapon on this earth, it is the source of strength. Americans want to destroy that, be my guest.

The day US currency becomes worthless paper is the day US collapses.

 

[nimo_cn]

what is the deterrence if US does not honor the debt? It is a big positive for
US and a big loss for China.

China warns U.S. debt-default idea is playing with fire | Reuters

China warns U.S. debt-default idea is "playing with fire"

If it is big positive of US and big loss for China, what are you waiting for?

 

[nimo_cn]

I say you are a fool by still honoring your debt to China if you believe it is a big positive for US and a big loss for China.

Explain to me what deters you from taking that move.

 

[LETHALFORCE]

If it is big positive of US and big loss for China, what are you waiting for?

Govt has raised the debt ceiling and default was planned last summer. To
get the biggest bang for the buck if China is buying more; why not let China be
fully loaded before defaulting ,especially with US in recession and alternative
manufacturing countries are being chosen.

 

[s002wjh]

Govt has raised the debt ceiling and default was planned last summer. To
get the biggest bang for the buck if China is buying more; why not let China be
fully loaded before defaulting ,especially with US in recession and alternative
manufacturing countries are being chosen.

default is not gonna happen. look at how bad greek economy, yet they never default. also there is no options of selective default, if you want default then its default on all debt. 1.the T-bond exchange globally, so its hard to identify which t-bond is own by china, and china can simply sell to 3rd party. 2. selective default is Act of War. 3 the crediability of US is ruinned, other investor will panic and sell its own T-bond, dollar won't be the global currency anymore, plunge our economy into depression. there is a reason people buy US debt is because its stable/trustworthy, thus make our dollar as the #1 currency in the world. 4 china hold about 6% of debt, majority of US debt are own by US citizen, social security etc etc.

also china is actually slowly selling US t-bond since 2008

 

[no smoking]

Govt has raised the debt ceiling and default was planned last summer. To
get the biggest bang for the buck if China is buying more; why not let China be
fully loaded before defaulting ,especially with US in recession and alternative
manufacturing countries are being chosen.

Looks like our friend has overlooked one thing:
The biggiest owner of T-bond is: the public of USA. If americans tried to defaut the bonds owned by China, the panic of market could hit everyone in your country.
You can say goodbye to your pension fund.

 

[nimo_cn]

Govt has raised the debt ceiling and default was planned last summer. To
get the biggest bang for the buck if China is buying more; why not let China be
fully loaded before defaulting ,especially with US in recession and alternative
manufacturing countries are being chosen.

How do you single out China and default? Selective default simply isn't feasible..

How do you control the damage caused by a default? Don't forget China is just the largest foreign owner of US debt, but China doesn't own the most debt of US.

No doubt China will be severely damaged by a default, but US is gonna be devastated by a default and may lost its crown forever.

There is a Chinese proverb '饮鸩止渴', translating into English, 'to drink poison to quench thirst', we know the consequences.