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Several Wall Street investment banking icons are clamouring to get into India amid anticipation that the Reserve Bank of India (RBI) will soon define the guidelines for overseas institutions to set shop in the country. Goldman Sachs, Morgan Stanley, JP Morgan and Rabo are among those that have applied for banking licences with the RBI ahead of the guidelines expected to be unveiled soon, government sources who did not wish to be identified, told Hindustan Times.
Originally posted by ziggy1706
This made news a few days ago, not directly involving the bankers, but i did hint in a post, its a dead giveaway whats going on. it seems obama wants to stop dealing with china, and go to asia to outsource business. could it be he is muslim? i mean thiers a method and meaning to everything ya know..being their mostly muslim or sharia thier..wonder about obama. its called favortism. and his visit thier last week...obviously meant something. those big bankers are the biggest crooks and thieves on earth, and everyone knoes it at heart.
the real reason why our government wants to go to INdia is beyond me. we will all see in time of course when its too late to stop or bedate much of anything. i ponder at money laundering big time. i mean INdia, is known as sweatshop land, no pun intended. you know, Levis jeans, NIKE shoes, all sweatshop torture work, where the people and kids make like a dime a day and are unfairly treated, and where things like sewage runs free through the streets. its about saving money...but exaclyt what thier up too...i dunno
Originally posted by vinay86
reply to post by asperetty
I agree with you on that, what are your views on where they are taking the global economy.
Originally posted by Stewie
reply to post by vinay86
If the Indian government cared about its people, they would never let them in. This is what you can expect.
They will put their minions in jobs at respectable financial publications like our Wall Street Journal or Forbes. They will soon be writing editorials and have "Jim Cramer" types (Indians of course) making "bold" predictions or rating your companies. Once they have some respect, then they will begin either building up selected companies or destroying them. Or building them, and THEN destroying them...all for a nice profit of course.
They will create a network, which means they will infiltrate the government agencies that are charged with overseeing the finance sector. This is critical, so you can expect that to happen sooner rather than later.
They need "vehicles" to carry out their crimes. They need to be able to mortgage the future of any and all public business for a nice profit today, so watch for "leveraged buyouts" as an example of how this is done.
You will begin to read about ridiculously large salaries for CEO's, (to buy them off) and about new laws that squeeze out the shareholders from any meaningful input or oversight.
When everyone in the network understands his/her job, you should expect them to execute it flawlessly.
edit on 23-11-2010 by Stewie because: clarification
Of the many economies that gorged on debt in the boom years, Dubai stood out. In the space of a few years the emirate’s investment arm, Dubai World, racked up $59 billion in debt, borrowing to build lavish developments like a giant island shaped like a palm tree to entice celebrities like Brad Pitt, and to invest in glittery properties like the MGM Grand Casino in Las Vegas.
Its pretty easy to understand. India is a democratic nation with a large and fast rising middle class. this is good news for US corp. labor is college educated and cheaper meaning higher quality.
"There is a really remarkable, rapid shift of power and influence from the United States to China," Mr. Soros said, likening the U.S.'s decline to that of the U.K. after the Second World War.
Because global economic power is shifting, Mr. Soros said China needs to change its focus. "China has risen very rapidly by looking out for its own interests," he said. "They have now got to accept responsibility for world order and the interests of other people as well."
"Today China has not only a more vigorous economy, but actually a better functioning government than the United States,"