#RBI is the real culprit of the debased Indian Rupee, and high prices of India. This cannot be repeated enough number of times. The system of central banking, fractional reserve banking and fiat currency has ruled the world for the last 100 years. This has allowed for governments to debase their respective currencies, thereby making everyone worse off. The central banks are also master manipulators of markets, specifically money markets. The hoarders, black marketeers and speculators are heroes, as they are trying to defend the market process against the tyranny of govt control of money and banking. #RBI and #Modi govt will follow the same policies as the #Fed and #ECB in order to maintain status quo, and blame the market.
Posted on: Wed, 02 Jul 2014 07:43:06 +0000
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