Is USA done?

[krishnaaa]

29 minutes ago, AreyOSamba said:

Nothing big if you look at percentage changed in US. But a lot bigger if you look at numbers. 
Nenu 1st US ki vachinappudu GDP is 14.5 Trillion, ippudu 25.66 Trillion. 
At the same time India's GDP is 1.21 Trillion, but today 3.17 Trillion. Great progress for a country like India during this time. 

I think the real comparison should be between India and China. 

US Debt increased at much higher rate kadha ... during the same time.

$31.5 Trillion now.

US still has lot of opportunities to come out of this mess. But their political system won't let it.

 

[Telugodura456]

8 minutes ago, krishnaaa said:

US Debt increased at much higher rate kadha ... during the same time.

$31.5 Trillion now.

US still has lot of opportunities to come out of this mess. But their political system won't let it.

 

maree india debt ? us debt is completely in its own local currency. india has foregin debt currency also.

[krishnaaa]

12 minutes ago, Telugodura456 said:

maree india debt ? us debt is completely in its own local currency. india has foregin debt currency also.

There is a difference.....India can repay its debt as it has working age population and lot of growth rate ahead.  IT offshoring is increasing at a rapid pace after covid.

US cannot pay it off....its deficits will keep on increasing.  It is already facing lot of labor shortage. With Robotics, US might still come out ahead....have to wait and see.

[ramudu]

29 minutes ago, Telugodura456 said:

maree india debt ? us debt is completely in its own local currency. india has foregin debt currency also.

Anna , ardam kaleee , koncham detail gaa chepavaa?

[Telugodura456]

2 minutes ago, ramudu said:

Anna , ardam kaleee , koncham detail gaa chepavaa?

Us gives its debt only in usd. india gives  some of its debt in usd , yen gatra and some of it in rupees.

when it is time to pay - us can always print more usd. india cannot print usd/yen it must respect the exchange rate and earn that money.

[ramudu]

4 minutes ago, Telugodura456 said:

Us gives its debt only in usd. india gives  some of its debt in usd , yen gatra and some of it in rupees.

when it is time to pay - us can always print more usd. india cannot print usd/yen it must respect the exchange rate and earn that money.

Lol , no country respect us dollar exchange rate , countries print money based on their gold reserves, USA break these rules in 1970s and printing money which may lead to their economy failure in future. Unlike USA , India is increasing gold reserves, eventually help India.

 

Any country can stop accepting USA dollar as reserved Currency anytime as dollar is not backed by anything, yes nothing at this time. China is funding majority of USA debt and can collapse USA economy anytime. There is nothing to do with USA dollar exchange rate. 

[ramudu]

All countries still trading in USA dollar  just because world economy built so much around dollar after world accepted Dollar as reserved Currency, but countries slowly start doing trade in their local currency or digital currency as dollar not looks promising without any gold backup and too much dollars are created by USA govt out of air,  USA is shrinking ship but not immediately 

[AreyOSamba]

1 hour ago, krishnaaa said:

Agree.....but again you are talking about current situation.

Past performance isn't always a good indicator of future results.

Startups in India are also becoming unicorns.

Tata acquired Jaguar

 

wow. Jaguar revenue telusa anna. Atleast do you know if Jaguar Landover group delivered a path breaking product?

Looks like this suits best for Jaguar group after Tata acquired: Past performance isn't always a good indicator of future results.

[AreyOSamba]

1 hour ago, krishnaaa said:

US Debt increased at much higher rate kadha ... during the same time.

$31.5 Trillion now.

US still has lot of opportunities to come out of this mess. But their political system won't let it.

 

Are you saying Indian politically system is better than the one currently US has?
If you really want to speak the numbers.. US debt to GDP ratio until 2022 is 65% vs India is 83%.

Nee comparison ye wrong anna..You are comparing an economic super power to a pilla bachaa. Lets be rational then only be patriotic 

[Telugodura456]

17 minutes ago, ramudu said:

Lol , no country respect us dollar exchange rate , countries print money based on their gold reserves, USA break these rules in 1970s and printing money which may lead to their economy failure in future. Unlike USA , India is increasing gold reserves, eventually help India.

 

Any country can stop accepting USA dollar as reserved Currency anytime as dollar is not backed by anything, yes nothing at this time. China is funding majority of USA debt and can collapse USA economy anytime. There is nothing to do with USA dollar exchange rate. 

Thikka - you borrow USD and Yen from america and japan. And when it comes to pay them back - are you sayin you will LOL at them ?

[ramudu]

2 minutes ago, Telugodura456 said:

Thikka - you borrow USD and Yen from america and japan. And when it comes to pay them back - are you sayin you will LOL at them ?

Ushoo , antee ippudu Japan yen print chesi India ki isthadaa?, thanks Anna please  continue

[Telugodura456]

4 minutes ago, ramudu said:

Ushoo , antee ippudu Japan yen print chesi India ki isthadaa?, thanks Anna please  continue

rey - i dont think you have no idea what you are taking about. Japan has the sovereign right to print yen - ofcoutrse it will print yen when and if it needs it.

[ramudu]

11 minutes ago, Telugodura456 said:

rey - i dont think you have no idea what you are taking about. Japan has the sovereign right to print yen - ofcoutrse it will print yen when and if it needs it.

Lol , neeku naa question ardam ayidhaa ,

[krishnaaa]

11 hours ago, AreyOSamba said:

wow. Jaguar revenue telusa anna. Atleast do you know if Jaguar Landover group delivered a path breaking product?

Looks like this suits best for Jaguar group after Tata acquired: Past performance isn't always a good indicator of future results.

 

Not saying that its a path breaking product.

Just saying that India isn't like before...we are making progress.

[krishnaaa]

11 hours ago, AreyOSamba said:

Are you saying Indian politically system is better than the one currently US has?
If you really want to speak the numbers.. US debt to GDP ratio until 2022 is 65% vs India is 83%.

Nee comparison ye wrong anna..You are comparing an economic super power to a pilla bachaa. Lets be rational then only be patriotic 

Indian political system is much better than US. Congress stopped working for te past decade. Presidents are relying on executive actions.

The first paper Obama signed is to close Guantanamo Bay....its very close to his heart. And its still open. Look at the immigration issue. Its common sense. 

 

US Debt to GDP rato is 128% with much older population(Average age 38 years) and lower growth rate (2%) when compared to India with Debt to GDP ratio of 83% with younger population(Average age 28 years) and higher growth rate (6.8%).

 

India isn't pilla bachha anymore. India is 5th largest economy.

Its going to become 3rd largest economy by 2030.

We Indians don't know the power of componding....India Growth is compounding at a much higher rate when compared to US