From Buckingham Palace t0 10, Downing Street to ExCeL Centre, the metropolis of London is abuzz with the frenzied arrangements for the top 20 world leaders. The world is watching: Can London pull the world out of this fast developing depression? Can the 'G-2' (USA and China) emerge as the joint leaders of new age? What is developing at the ExCeL Centre today is a game of Monopoly and the big question is 'WHO PLAYS THE BANKER?'
All of us in the sane world have reached a common conclusion, this recession is the worst 'Made in USA' product. But there's the catch, its exported by demand, the choice always lies with the importer. The huge US budget deficit has done everyone in. Sarkozy put it bluntly, its made in America and its burning our homes and cities, atleast correct on his part. Asking for stricter regulation of Banks is no sin, specially to avoid any such crisis in future. So why is US & UK opposing it? Quite simple, these two always believed in splurging more to get out of the less - deficit. The French and German stand is crystal clear, the mess is created by US, it cannot run away from the responsibility to clean it up. Calls for collective deterrence will be heeded only if it involves major contribution from the US and its allies (Japan and Saudi Arabia), rather than asking from EU or China. Although China will most probably take this opportunity to stamp its financial clout on the world. Still keeping with its pride, the CNN called the meeting between Hu Jintao and Barrack Obama as the G-2. The answer is clear, the US wants China to bail out the world, which China will most probably do, strings attached. Although, the Chinese ambitions to replace US Dollars as de facto reserve currency of IMF won't do any good for the Trillions in its own vaults.
Another thorn in American collective ambitions is the issue of Tax Havens. The financial crisis made the governments realise that they can no longer turn blind eyes on the 'letter-box' companies in Liechtenstein and to the super-secretive banking system in Switzerland. But this issue might not be resolved as easily as it seems like. The problem- Many of the politicians are the major beneficiaries of the banking system of the Alpine nation. For a country like India, the return of money sitting in the ultra modern vaults of Swiss Banks will easily take it past all the major European economies, if not China. That will create a huge political turmoil in countries with high-red tapism or if unclaimed, will dramatically increase the per capita income. Thats not a bad idea to eradicate poverty in India. The same applies for the English and American hot shots who have all there black unamounted money sun-bathing in the Cayman Islands and Bahamas. These money, if not belonging to the Politicians, belongs to the major donors of the political parties in both US and UK.
The demand of developing nation, represented by Brazil, India and South Africa will be more funds for the emerging economies. Although the trio will perhaps see the period through, but remains fearful of the fact that many won't, without help from the West. The poor of the world shouldn't be made to pay for the mis-deeds of the filthy rich, this will be the motto of all three.
Africa, represented by Commission of the African Union, is clearly disappointed by the lack of resolve by the developed nations to help the continent. Instead of asking for a help, getting an assurance and given nothing, the African Union is asking for IMF's vast gold reserves to be diluted in part to help the fledgling ecomony of most African nations. Although seems highly unlikely, the resourceful continent is surely set to get a deal, exclusively for itself.
The summit, unlike other highest level meetings, is sure to deliver. And for a change, this time not for themselves, its for the world. The winner?? Only one as it stands, China is coming and world better watch out; RESPECT: it commands.
G-20: Who plays the Banker?
From Buckingham Palace t0 10, Downing Street to ExCeL Centre, the metropolis of London is abuzz with the frenzied arrangements for the top 20 world leaders. The world is watching: Can London pull the world out of this fast developing depression? Can the 'G-2' (USA and China) emerge as the joint leaders of new age? What is developing at the ExCeL Centre today is a game of Monopoly and the big question is 'WHO PLAYS THE BANKER?'
All of us in the sane world have reached a common conclusion, this recession is the worst 'Made in USA' product. But there's the catch, its exported by demand, the choice always lies with the importer. The huge US budget deficit has done everyone in. Sarkozy put it bluntly, its made in America and its burning our homes and cities, atleast correct on his part. Asking for stricter regulation of Banks is no sin, specially to avoid any such crisis in future. So why is US & UK opposing it? Quite simple, these two always believed in splurging more to get out of the less - deficit. The French and German stand is crystal clear, the mess is created by US, it cannot run away from the responsibility to clean it up. Calls for collective deterrence will be heeded only if it involves major contribution from the US and its allies (Japan and Saudi Arabia), rather than asking from EU or China. Although China will most probably take this opportunity to stamp its financial clout on the world. Still keeping with its pride, the CNN called the meeting between Hu Jintao and Barrack Obama as the G-2. The answer is clear, the US wants China to bail out the world, which China will most probably do, strings attached. Although, the Chinese ambitions to replace US Dollars as de facto reserve currency of IMF won't do any good for the Trillions in its own vaults.
Another thorn in American collective ambitions is the issue of Tax Havens. The financial crisis made the governments realise that they can no longer turn blind eyes on the 'letter-box' companies in Liechtenstein and to the super-secretive banking system in Switzerland. But this issue might not be resolved as easily as it seems like. The problem- Many of the politicians are the major beneficiaries of the banking system of the Alpine nation. For a country like India, the return of money sitting in the ultra modern vaults of Swiss Banks will easily take it past all the major European economies, if not China. That will create a huge political turmoil in countries with high-red tapism or if unclaimed, will dramatically increase the per capita income. Thats not a bad idea to eradicate poverty in India. The same applies for the English and American hot shots who have all there black unamounted money sun-bathing in the Cayman Islands and Bahamas. These money, if not belonging to the Politicians, belongs to the major donors of the political parties in both US and UK.
The demand of developing nation, represented by Brazil, India and South Africa will be more funds for the emerging economies. Although the trio will perhaps see the period through, but remains fearful of the fact that many won't, without help from the West. The poor of the world shouldn't be made to pay for the mis-deeds of the filthy rich, this will be the motto of all three.
Africa, represented by Commission of the African Union, is clearly disappointed by the lack of resolve by the developed nations to help the continent. Instead of asking for a help, getting an assurance and given nothing, the African Union is asking for IMF's vast gold reserves to be diluted in part to help the fledgling ecomony of most African nations. Although seems highly unlikely, the resourceful continent is surely set to get a deal, exclusively for itself.
The summit, unlike other highest level meetings, is sure to deliver. And for a change, this time not for themselves, its for the world. The winner?? Only one as it stands, China is coming and world better watch out; RESPECT: it commands.
All of us in the sane world have reached a common conclusion, this recession is the worst 'Made in USA' product. But there's the catch, its exported by demand, the choice always lies with the importer. The huge US budget deficit has done everyone in. Sarkozy put it bluntly, its made in America and its burning our homes and cities, atleast correct on his part. Asking for stricter regulation of Banks is no sin, specially to avoid any such crisis in future. So why is US & UK opposing it? Quite simple, these two always believed in splurging more to get out of the less - deficit. The French and German stand is crystal clear, the mess is created by US, it cannot run away from the responsibility to clean it up. Calls for collective deterrence will be heeded only if it involves major contribution from the US and its allies (Japan and Saudi Arabia), rather than asking from EU or China. Although China will most probably take this opportunity to stamp its financial clout on the world. Still keeping with its pride, the CNN called the meeting between Hu Jintao and Barrack Obama as the G-2. The answer is clear, the US wants China to bail out the world, which China will most probably do, strings attached. Although, the Chinese ambitions to replace US Dollars as de facto reserve currency of IMF won't do any good for the Trillions in its own vaults.
Another thorn in American collective ambitions is the issue of Tax Havens. The financial crisis made the governments realise that they can no longer turn blind eyes on the 'letter-box' companies in Liechtenstein and to the super-secretive banking system in Switzerland. But this issue might not be resolved as easily as it seems like. The problem- Many of the politicians are the major beneficiaries of the banking system of the Alpine nation. For a country like India, the return of money sitting in the ultra modern vaults of Swiss Banks will easily take it past all the major European economies, if not China. That will create a huge political turmoil in countries with high-red tapism or if unclaimed, will dramatically increase the per capita income. Thats not a bad idea to eradicate poverty in India. The same applies for the English and American hot shots who have all there black unamounted money sun-bathing in the Cayman Islands and Bahamas. These money, if not belonging to the Politicians, belongs to the major donors of the political parties in both US and UK.
The demand of developing nation, represented by Brazil, India and South Africa will be more funds for the emerging economies. Although the trio will perhaps see the period through, but remains fearful of the fact that many won't, without help from the West. The poor of the world shouldn't be made to pay for the mis-deeds of the filthy rich, this will be the motto of all three.
Africa, represented by Commission of the African Union, is clearly disappointed by the lack of resolve by the developed nations to help the continent. Instead of asking for a help, getting an assurance and given nothing, the African Union is asking for IMF's vast gold reserves to be diluted in part to help the fledgling ecomony of most African nations. Although seems highly unlikely, the resourceful continent is surely set to get a deal, exclusively for itself.
The summit, unlike other highest level meetings, is sure to deliver. And for a change, this time not for themselves, its for the world. The winner?? Only one as it stands, China is coming and world better watch out; RESPECT: it commands.
Rescession - The Real Estate Co-relation
The whole world seems to be fighting with an invisible enemy these days. One, which refuses to die down and retaliates as an essential example of Newton's Third Law of Motion. The governments world over are trying to figure out strategies to combat this enemy, yet to no rather negative effect. This enemy ain't murdering innocents. Yet there is pain, suffering, fear and uncertainty. Thats what the RECESSION has resulted and make no mistake, its getting worst.
Most of us point our finger to the US sub-prime mortgages, much in demand because of the Real Estate bubble. Here's what i think about the co-relation between Real Estate and Global Economic downturn.
Lets assume 3 inhabitants - A, B and C on a remote island. A and B have 1 coin each and C owns a piece of land.
The Price of land when exceeded more than 1 Coin, resulted in introduction of credit, more than 2- increased credit, more than 5- shortage of physical money. All of it gets worse from here, till a point of realisation that no more money exists which will than led to panic selling, resulting in the reduction of price of land. The land will ultimately fall down to its base price, 1 coin, but the credit will still exist. Implications will be bitter fighting for the realisation of borrowings, ultimately leading to war like situations. The disaster could have been avoided if each of them had realised how much money the others had, which would have laid to rest the uncalculated lendings and borrowings.
Its the banks who are at fault, because they got to assert how much money can the borrower pay back. Whatever may be, we are heading for the 3rd World War.
Most of us point our finger to the US sub-prime mortgages, much in demand because of the Real Estate bubble. Here's what i think about the co-relation between Real Estate and Global Economic downturn.
Lets assume 3 inhabitants - A, B and C on a remote island. A and B have 1 coin each and C owns a piece of land.
- Human wants are more than needs. A buys the land from C for 1 coin, all fine, just an exchange.
Situation: A- Land, B-1 Coin and C-1 Coin; Price of land- 1 Coin - Tempted by the uniqueness of land (2 Coins but land only 1), B buys the land from A for 2 coins, borrowing another coin from C, introduction of credit.
Situation: A-2 Coins, B- Land and a debt of 1 coin from C, C- 1 coin lended to B; Price of Land: 2 Coins - Lured by the trading of land by fellow co-inhabitants, C decides to re-buy the land from B for asked price of 3 Coins. Already lended 1 Coin to B, C borrows 2 coins from A to pay-pff the rest. Still fine, no shortage of phsical money.
Situations: A- Lended 2 Coins to C, B- 2 Coins, C- Land and debt of 2 Coins from A; Price of land: 3 Coins - A decides to realise its loan by exchanging land with C. C asks for 4 coins as the price of land. A borrows 2 Coins from B and acquires the land from C. Still better, rotation of money.
Situation: A- Land and debt of 2 coins from B, B- 2 coins lended to A, C- 2 Coins; Price of land- 4 coins. - Fearful of his loan going bad B re-buys the land from A for a price of 5 Coins- 2 borrowed from C + 2 against loan and 1 DUE. Physical money shortage.
Situation: A-2 Coins and 1 due from B, B- Land, 2 Coins borrowed from C and 1 coin due to A, C- 2 Coins lended to B; Price of land- 5 Coins
The Price of land when exceeded more than 1 Coin, resulted in introduction of credit, more than 2- increased credit, more than 5- shortage of physical money. All of it gets worse from here, till a point of realisation that no more money exists which will than led to panic selling, resulting in the reduction of price of land. The land will ultimately fall down to its base price, 1 coin, but the credit will still exist. Implications will be bitter fighting for the realisation of borrowings, ultimately leading to war like situations. The disaster could have been avoided if each of them had realised how much money the others had, which would have laid to rest the uncalculated lendings and borrowings.
Its the banks who are at fault, because they got to assert how much money can the borrower pay back. Whatever may be, we are heading for the 3rd World War.
Rescession - The Real Estate Co-relation
The whole world seems to be fighting with an invisible enemy these days. One, which refuses to die down and retaliates as an essential example of Newton's Third Law of Motion. The governments world over are trying to figure out strategies to combat this enemy, yet to no rather negative effect. This enemy ain't murdering innocents. Yet there is pain, suffering, fear and uncertainty. Thats what the RECESSION has resulted and make no mistake, its getting worst.
Most of us point our finger to the US sub-prime mortgages, much in demand because of the Real Estate bubble. Here's what i think about the co-relation between Real Estate and Global Economic downturn.
Lets assume 3 inhabitants - A, B and C on a remote island. A and B have 1 coin each and C owns a piece of land.
The Price of land when exceeded more than 1 Coin, resulted in introduction of credit, more than 2- increased credit, more than 5- shortage of physical money. All of it gets worse from here, till a point of realisation that no more money exists which will than led to panic selling, resulting in the reduction of price of land. The land will ultimately fall down to its base price, 1 coin, but the credit will still exist. Implications will be bitter fighting for the realisation of borrowings, ultimately leading to war like situations. The disaster could have been avoided if each of them had realised how much money the others had, which would have laid to rest the uncalculated lendings and borrowings.
Its the banks who are at fault, because they got to assert how much money can the borrower pay back. Whatever may be, we are heading for the 3rd World War.
Most of us point our finger to the US sub-prime mortgages, much in demand because of the Real Estate bubble. Here's what i think about the co-relation between Real Estate and Global Economic downturn.
Lets assume 3 inhabitants - A, B and C on a remote island. A and B have 1 coin each and C owns a piece of land.
- Human wants are more than needs. A buys the land from C for 1 coin, all fine, just an exchange.
Situation: A- Land, B-1 Coin and C-1 Coin; Price of land- 1 Coin - Tempted by the uniqueness of land (2 Coins but land only 1), B buys the land from A for 2 coins, borrowing another coin from C, introduction of credit.
Situation: A-2 Coins, B- Land and a debt of 1 coin from C, C- 1 coin lended to B; Price of Land: 2 Coins - Lured by the trading of land by fellow co-inhabitants, C decides to re-buy the land from B for asked price of 3 Coins. Already lended 1 Coin to B, C borrows 2 coins from A to pay-pff the rest. Still fine, no shortage of phsical money.
Situations: A- Lended 2 Coins to C, B- 2 Coins, C- Land and debt of 2 Coins from A; Price of land: 3 Coins - A decides to realise its loan by exchanging land with C. C asks for 4 coins as the price of land. A borrows 2 Coins from B and acquires the land from C. Still better, rotation of money.
Situation: A- Land and debt of 2 coins from B, B- 2 coins lended to A, C- 2 Coins; Price of land- 4 coins. - Fearful of his loan going bad B re-buys the land from A for a price of 5 Coins- 2 borrowed from C + 2 against loan and 1 DUE. Physical money shortage.
Situation: A-2 Coins and 1 due from B, B- Land, 2 Coins borrowed from C and 1 coin due to A, C- 2 Coins lended to B; Price of land- 5 Coins
The Price of land when exceeded more than 1 Coin, resulted in introduction of credit, more than 2- increased credit, more than 5- shortage of physical money. All of it gets worse from here, till a point of realisation that no more money exists which will than led to panic selling, resulting in the reduction of price of land. The land will ultimately fall down to its base price, 1 coin, but the credit will still exist. Implications will be bitter fighting for the realisation of borrowings, ultimately leading to war like situations. The disaster could have been avoided if each of them had realised how much money the others had, which would have laid to rest the uncalculated lendings and borrowings.
Its the banks who are at fault, because they got to assert how much money can the borrower pay back. Whatever may be, we are heading for the 3rd World War.
The Mirror Never Lies
As i faced my reflection last night, I saw it all- rage, helplessness, anger, frustration, hatred, sympathy. All that in my own eyes. I kept staring, trying to look as deep as possible, for the search of that answer, that solution which would have put an end to my pain, but alas, does God or more importantly 'Good' really exist?
A stunning revelation forced me to re-think the worth of life. Not that its unknown or uncommon, but the perils of evil kept away from me, till last night. In a moment the harsh reality of world made a permanent 'Chateau' in my heart, in my mind, in my soul, in my veins. I was never unrealistic but never unethical as well. I never felt this pain in my life ever before which i did last night. As i lay on the bed, deprived of sleep, reasoning with myself, my entire moderate upbringing flashed in my sub-conscious mind, in grey frames. How lucky was I? Did I ever had to worry about tomorrow? NEVER. And yet i always complained for that Timex watch which my brother was having, that fancy cap which i knew i will never use again, that Mechanical pencil which my friend got from the States, that New Port Jean, that Hero bike et ce tra.
These privileges are not even worth dreaming about for the most of world and yet how insensible and ignorant people are? Those cocktail cheering socialites, money minting celebrities, armani clad corporates have no right to voice concern about the suffering of the needy. Why can't you help eradicate the poverty when you have earning worth a fortune every single second of your life? Instead you will use that to build a giant-sized mansion or to buy a business jet or a luxury yacht.
We live in a ignorant, insensible world, where people like inflicting pain and suffering on fellow human beings rather than being compassionate. If that was the world the creator dreamt of, then the creator is the biggest sinner of humanity and the world its biggest sin. And if its a dream turned nightmare, then its time for the end, the re-evolution. This world doesn't deserve to exist. The human race doesn't deserve to survive. Why is it that one human being is estimated at US$ 135 Million and the other in Zimbabwean Dollars? Why do we have Amnesty's and HRW's when the human rights themselves vary from person to person?
Some provokers fired a rage of provokes towards an occupier and the occupier massacred hundreds of innocent civilians. The master, thousands of miles away, refuses to order its slave to halt the barbarism. 1,000 lives for 3? Is that what you call defense? Pardon me for disagreeing with the dictionaries, its time to review some meanings. Though that's just a part of ignorance we face in these times, its a very recent example.
The tag-line of a TV commercial keeps flashing in front of my eyes ever since i saw that - Does our conscience choose our actions? Those who answered yes will probably be as extinct as the Yeti's of Himalayas.
Its official, i hate this world, i refuse to be sympathetic, pitiful, compassionate or tolerant to my fellow beings. They don't deserve it., this world don't deserve it. Those who do, doesn't deserve to be living in this rotten hell.
Mahatma Gandhi, "Be the change you want to see in the world."
I wonder how would he have rephrased his comment if he was to suffer in these times ???
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