Did the Guardian editors care to check any of Mr. Bajaj's background and credentials? There is no Rahul Bajaj on the Board of Directors of the New York Stock Exchange. As far as replacing the US Dollar by the German Mark goes - the German Mark no longer exists!!! In what decade was this interview done?

OMG! Is this a photo from a horror movie? This is one scary looking dude. And he's an expert in finance and not scaring little kids and old people? Come on now Guardian, please be more responsible. Kids read the papers too you know.

That is not Rahul Bajaj.

1. That is not a picture of Rahul Bajaj.
2. He is not on the Board of Harvard School of Business.
3. Hi not on the board of The New York Stock Exchange.
4. Germany uses the Euro.
5. The list goes on and on.

This is some con man who will take Compton Bourne and The Caribbean Development bank for millions.

Very careless reporting given that a simple Google search was enough to ascertain the erroneous nature of this article.

TOTAL HOGWASH

This statement is very very stupied.
They attempted to do this before and failed miserably.
The US dollar is still the strongest dollar of global trade.

With regards the US Economic system and its debt, the US remains the world's largest economy at $14 trillion per annum well beyond second place Japan . Our real growth is projected at aprox 2.4% to 4.5% per annum over the next 3 years with inflation remaining at record lows. Our current debt load is approx 65.5% of GDP, the same as all Western Nations and lower when compared to the country in the years immediately following the Civil War and southern Reconstruction and WWII and the Marshall Plan to rebuild Europe . In both cases total debt was equal to 100% of GDP; during both events the US economy emerged stronger and more competitive in the years following Reconstruction in the 1870's and the 1950's.

Historical precedent has shown that the dynamic nature of the US economy has allowed it to not only literally spend its way out of a recession but also recover faster and resume its impressive growth rates especially as the mindset has always been reinvestment in its economy to ensure it stays a world leader.

In many ways what is occurring now reflects what occurred during the Great Depression of the 1930's where Federal deficit spending almost tripled under FDR while losses became socialized as loans held by weakened banks were bought by the Federal Government to ensure the strength of the nation's financial system while investments were made to ensure its manufacturing sector followed a total assembly line model.

During the early to mid 1930's the US economy rebounded, especially with public works projects enacted by the government to ensure unemployment
t levels were brought down, such as the building of the Hoover Dam. By the end of the 1930's the US was in full recovery and WWII ensured that it accelerated as the US converted to a wartime economy. A good example of US economic adaptability was Jeep production where by the end of WWII a Jeep rolled off the assembly line every 8 minutes.

More importantly though is that by the early 1940's US GDP rose and its debt fell and those formally toxic assets became valuable pieces of real estate while its financial system was even stronger than it was a few years before. Following the Marshall Plan in the late 40's debt grew again; it was then followed by the building of the Turnpike and Interstate systems here in the US in the early 50's, as part of the Government's reinvestment in its transportation system to ensure speed of delivery of goods and services.

Out of this came record growth and prosperity till the late 1970's with the Stagflation of the US economy due to the increase in Oil prices. Reagan era deficit spending and projects such as SDI, focused primarily on the manufacturing sector in order to convert it to a less labor intensive and more technology based model, lead to impressive growth rates till the Savings and Loan's crisis of the late 1980's which carried over to an early 1990's recession followed again by tremendous growth with Technology centered investments by the government.
During this phase things such as the military-based Intranet was made public and called the Internet, along with over 1,000 other formally military and or NASA technologies were put in the public domain, from Mylar balloons to night vision goggles.
Either way as you can see what occurred in the past, each time the US spent its way out of deficits, shored up its financial and manufacturing sectors, always used large government building and spending projects to prevent high unemployment as well as make huge investments in its economy.
So what is occurring now, we have socialized losses and in so doing shored up our banks and manufacturing sector buy buying toxic assets or letting companies, such as GM file for bankruptcy so that they were reorganize, streamline and remake themselves into a more competitive company. Our banking and insurance sectors are now back to profitability, such as Goldman Sach's second quarter billion dollar profit.

All of this ensures that our economy bottomed out in June and we now expect this quarter to be our first positive quarter(1.5% projected growth) compared to the past 4 negative quarters. Infrastructure investments have begun for bridges across the US . Unemployed are now being retrained and the government has begun making massive investments in Green Technologies, which it views as our future economic growth engine and also insulate the US from wild International Oil Fluctuations.

Current projections are that within 5 to 10 years we will finally end the importation of foreign oil as battery technology increases further. The government involvement in the big 3 automakers is ensuring this as we are now expecting greater fuel economy for all new models and the Chevrolet Volt and its impressive battery technology that gives it over 200 miles per gallon comes out in 2010. Oil imports in 2010 is also projected to remain at previous year's levels for the first time in US history.

Either way based on all of this, we expect impressive growth rates to resume during the 2010's, real estate prices we expect to begin to increase back to mid 2000"s levels within the next 5 to 7 years. Consumer spending and growth we expect to slowly begin to increase over the next 2 quarters, while war spending is expected to decrease as troop levels continue to fall on the Iraq drawdown.

Government spending will remain high as they continue to shore up the economy under the Economic Recovery Act.

This interview's headline is very misleading, similar to the one, where Mr. Manning said TNT is doing better than the US.

OMG It's like comparing apples to rotten onions....

This is a classic example of someone that has no pride in his profession or journalistic integrity; please do proper research on an article before putting it to print. HELLO!!! where is the Editor
, do your job.

Dareb one point you forgot to mention is that the US dollar has lost over 90% of its value since the 19th century due to those same economic principles of spending to find its way out of recession.

Another thing check your figures on M2 money supply expansion. Largest increase in history, including the Great Depression. When the velocity of money increases due to lax bank lending, which will return as the American greed engine gets turning again, the US dollar will see hyper inflation. If the policy of printing money were a solid one Argentina and Zimbabwe would own the world.

Unfortunately they are no right decisions for the US Fed to make, the time for right decisions was ten years ago. What has to be ensured is that monetary policy stays one step ahead of inflation.

Another point that needs to be noted the US current deficit is not going to be reduced by the introduction of green energy, batteries and other key parts will be manufactured somewhere else in the world. At some point they have to pay the piper. I also wonder about this green energy push, why are the US consistently increasing their Strategic Petroleum Reserve if they are going green.

TAKE REPORTS WITH A PINCH OF SALT -

Especially reports about UNC.

Another example for unprofessional journalism TYPICAL for ALL Trinidadian newspapers.

Since Manning is the chairman of CHOGM, he could take the opportunity to promote T&T as the financial capital of the world, apart from the world capital of opera houses and beautiful women. He's already got Hart to build the building, now it's time for him to drum up the business and get it tenanted. And as he is at it, he could suggest that the$TT replace the US$ as the international currency.

When John Humphrey was minister of Planning in 1986, he wanted to rename the $tt as the Trinity. Why not rename it as the Manning and put his portrait on all demoninations of the national currency?

Since Manning is the chairman of CHOGM, he could take the opportunity to promote T&T as the financial capital of the world, apart from the world capital of opera houses and beautiful women. He's already got Hart to build the building, now it's time for him to drum up the business and get it tenanted. And as he is at it, he could suggest that the$TT replace the US$ as the international currency.

When John Humphrey was minister of Planning in 1986, he wanted to rename the $tt as the Trinity. Why not rename it as the Manning and put his portrait on all demoninations of the national currency?

Mike Samuel, wha' all yuh wanna fire Peter for?
Headline only missing a question mark. Its a rhetorical headline.
Before I sound like if I is Peter girlfriend, let me thank dareb for his lesson in US economic history. So, guardian internet manager, who dat man is?

Where is the Trinidad Guardian's official response to this nonsensical reporting? Or is it like other things going to be ignored and brushed under the carpet?