#asktheFM SIR my question has 4 parts.
1) DO you think the currency has the risk of dropping to 70 to create more panic or is it that we are also depreciating it to pump exports .And with ur CAD improvement talk thru exports is indias way of entering currency war lik japan is doing.OUR ECB IS HUGE ..the dollor is going up due to 2 reasons
a)JAPAN tensions
b) sovreign risks in europe and UK
#INStead find a way for capital flow to come to INDIA
WE HAVE THE RIGHT TO BE THE FINANCIAL CAPITAL OF THE WORLD .DONT YOU THINK IT IS JUST TIME FOR THAT.
2) why cant we raise rates housing is what people invest and when it goes down people will look to invest in growth than housing .DOnt u think u can do a lot to stop this land bidding scam gone on for 2 decades .WE HAVE A PROBLEM of not investing in resources.DOnt u think u can do a lot .IT WILL HURT OUR BANKS BUT THAT IS SHORT TERM .LONG TERM investments will come in power and water and agriculture .HAVE COMMODITY BANKS where goods can be exchanged between states .
3) GOLD is not a solution coz it is not going up coz of inflation .Even the RBI says it is coz of inflation .DOnt u think it is a sovreign defualts which reflects gold demand.why tax gold and increase the panic level of the public.IF U show them investing in water and food and power no one will invest in gold and real estate.FOR ONCE u can stop this housing bubble and put faith in investing .,
4) WHY is the govt hell bent on pushing up market .IT IS A WRONG policy which the US is looking at instead give positive rates to citizens .HAVE VARIABLE RATES age wise .Young guys can take less rates old people can take lesser rates and invest for next 30 years..
I WISH I COULD SHOW THE GOVT the attack coming on USDINR
55.5 56 is going to create panic till 65 73 .austerity at that time will be devastating .KINDLY change policy before rupee crosses 56
YOUR good citizen
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wrote on :MARCH 4 2013