Sunday, August 23, 2015
PRIMACY OF DOLLAR AND GLOBAL INEQUALITY Niraj Kumar
file:///C:/Users/owner/Documents/PERSPECTIVES%20ON%20PAN-ASIANISM.html
my response to grumbling about onion price increase in my IIM C forum ...
comments welcome , participation also welcome .
[8/23, 3:20 PM]
Garg Ravi:
prices ,
do not go up .
axiom no 5.
only
the purchasing power of currency goes down .
Currency ,- eg rupee / Dollar ..as a measure of price ,
is like ruler made of compressible rubber .
if I measure height of my house using today s ruler ,
the height maybe is 10 feet ( ten lakhs )
after an year , the people group G , who profit in financial sector due speculation in asset price increases ,
these G people steal away purchasing power from rest of society without any real contribution ,
Also more loan money starts floating around on the economy due legal greed based activities of group G .
Thus the purchasing power of each rupees drops , same as saying the rubber ruler becomes shorter ,
to novices , it serms that house has become 12 feet high ,
when actually the new ruler is now equal to old say ten inches only .
Imp .
In current system , buying power is being stolen away every year at rate between ten to thirty percent , thus the prices seem higher in currency terms .
So what to do ?
yes it is cause for concern .
if I need rs 20 k for my groceries this month ,
in 2025 ,I ll need rs 80 k per mo.
in 2035, I'll need rs 320k per month for same bag of groceries .
Solution...
1... let us join the group G who legally steals purchasing power , with nominal work or risk , from other sections of society .
2....ha ha there is no other plan B ha ha .
................( become a Govt. employee with inflation based pension ... eg eco faculty in IiM s here there - just make sure that you do not teach real economics !)
[8/23, 3:36 PM]
Garg Ravi:
Dear Anup , Jayaram ,et al ,
Pl schedule Skype talks with me , with permission to record them ,all to be shown to you first , and then to be loaded onto YouTube TV etc after your express permission .
In these Skype sessions of length 2 to say 10 to 30 mins . you may ask me to back up and explain , whatever .
In trying to explain and justify eco concepts to you , we shall be able to demonstrate the future problems of inflation in India due , increase in Exports or due increased FDI . Also , a few ideas for a different path for the world , and for you and me to create income rapidly , ( other than through YouTube lectures ).
ravigarg1@yahoo
Friday, August 14, 2015
Some trivial topics that I could review with you . Take your pick .
1. US Dollar hegemony , how it works .
2... " It seems no nation state is even trying to break these shackles ( of US Dollar unfair privilege )".
3.... " USA does not spend (- well almost-) any money when it fights wars overseas "
4.... " It does not cost USA any money (-well almost- ) , when it imports any goods or services from overseas ".
5...." Indian ineffective judicial system is the main impediment to competing with power of the West ."
6... Similarities between , " Wall Street exploiting China ,India and Japan to work at slave labor rates " , and Indian Financial institutions enabling exploitation of Indian farmers at slave labor rates .
7... By breaking free of self imagined chains , how Indian Finance can produce more goods and services than China ,Taiwan , etc. within a few years .
8.... Gentle comparison between the tens of thousands of economists (financial policy makers in India , university teachers , foreign trained or not , ) and snake oil salesmen.
9...Some elementary well documented methods used through finance to win wars and rule the " other " countries .
10... Possible similarities between drug peddlers and RBI .
11...Proof that MMSingh-MMS/ MSAhluwalia-MSA are preventing implementation of a free market economy , speculative reasons why so .
12...Issues about winning a war or a game against a Jew .
13... Can I enable West Bengal to achieve full employment , - without any funds from Delhi ? , and other proven practical ideas that MMS/MSA may be shy of debating .
14...Simple and powerful arguments why India must not need not borrow even a Dollar more from WallStreet et al for projects in India , and why India must/ India can finance and earn interest by competing with WB World Bank , Citibank etc.
worldwide .
15... The implications of opening our market to Walmart , instead of creating a competitor to them worldwide .
16... How would a Jewish Banker / a German Banker / a London Banker destroy Say Pakistan or Say China or Say India without firing a bullet ?
17... If MMS/MSA s life depended on rolling back inflation , what could they do , and what would be the negatives of such effort .
18...The perils of inflation-immune pensions for senior bureaucrats .
19...How to control world price of any commodity , including gold .
20... How to finance India s production of high tech products like next generation drones , satelites , radars .
rg
private draft not for public , trivial eco , private venting to be reviewed
1... Left side ...The ideas with which the USA brainwashed economists
enable the rackets of Finance Executives “FE” as 21st century rentiers .
vs. Right side ....ideas about the way the world should be run to
achieve a worldwide balance between employment and income ... Austrian , heterodox economics .
2... USA govt has been bribed by FE s uniquely allowing its major Banks to brazenly create Dollars against fictitiously assets , fictitiously priced .
now - more so since 1971 , ie when I or all of us? , were taught bad quality economics at IIMC by Ranjit Sau/Chandra et al .
Permit me to label the above mentioned “ Toilet Paper Money “ TPM ,
that the whole world including USA people wrongly consider money , or as money , or as having some value for their daily life and as wealth for the future use.
3. The quantity of such TPM s in circulation is currently in hundreds of trillions of Dollars ,
and SIGNIFICANTLY the negative impact of tpds is ignored by Keynesians , including many of my esteemed eco colleagues of pgp8 .
4...Mr Modi and his eco advisers are going around the world seeking these TPM s , when a better educated and bolder Indian PM could create equivalent TPM s in Delhi to any extent .
5...And a yet bolder and yet better educated PM would encourage rebirth of private institutions to finance India (and the rest of the world ) based on Commodity Money CM with nil or very low interest .
6....Within the four walls of the pgp8 group , I am aghast that we pgp8 guys that i know , especially those who are connected with Economics teaching , are still not shouting from the rooftops that ,
by seeking TPM s from USA, Japan ,
we are espousing debt slavery for our countrymen for eternity .
Most of us have slogged hard over last 50 years and shall continue to do so maybe over another 20 years ,
(( except the few who may have gained from asset appreciation wealth -unearned income !, -that is a corollary of Sau/Chandra/ Keynes way of economics )) .
7...Let us debate this in these four walls of pgp8 or in public .
In case , my theses withstand such a debate ,
then we , have an important leadership role to play .
8....my dear friends , 45 % of our future gnp /gdp is going to be sucked away by foreign "investors "of TPM s ... as interest !!.
Yes we in India can create our own Banks to lend Capital of TPM s or toilet-paper-rupees if you will .
Doing BPO projects a la Infosys etc , or becoming a mfg. hub a la China , or inventing brands like McDonald or creating the future Driverless autos , all these are low grade business that is contracted out to MODERN MBA SLAVE MANAGERS LIKE YOU AND ME by the FE s,
really .
9...The game that the sharpest , the brightest in the world play
has to do with , earning interest/dividends/capital appreciation ( all examples of unearned rentier type income ) ,by bribing governments+bureaucrats to get "licences" to create toilet-paper-loans-against-fictitious-assets.
The licence concept enables oligarchic control over tpd s creation , even while IIMC types are taught the virtues of free markets .
This is the business model for GSachs , JPM , Barclays ,HSBC , City , etc .
Correct me if I am even slightly wrong in this .
Ravi Garg nov 2014
Some trivial topics that I could review with you . Take your pick .
1. US Dollar hegemony , how it works .
2... " It seems no nation state is even trying to break these shackles ( of US Dollar unfair privilege )".
3.... " USA does not spend (- well almost-) any money when it fights wars overseas "
4.... " It does not cost USA any money (-well almost- ) , when it imports any goods or services from overseas ".
5...." Indian ineffective judicial system is the main impediment to competing with power of the West ."
6... Similarities between , " Wall Street exploiting China ,India and Japan to work at slave labor rates " , and Indian Financial institutions enabling exploitation of Indian farmers at slave labor rates .
7... By breaking free of self imagined chains , how Indian Finance can produce more goods and services than China ,Taiwan , etc. within a few years .
8.... Gentle comparison between the tens of thousands of economists (financial policy makers in India , university teachers , foreign trained or not , ) and snake oil salesmen.
9...Some elementary well documented methods used through finance to win wars and rule the " other " countries .
10... Possible similarities between drug peddlers and RBI .
11...Proof that MMSingh-MMS/ MSAhluwalia-MSA are preventing implementation of a free market economy , speculative reasons why so .
12...Issues about winning a war or a game against a Jew .
13... Can I enable West Bengal to achieve full employment , - without any funds from Delhi ? , and other proven practical ideas that MMS/MSA may be shy of debating .
14...Simple and powerful arguments why India must not need not borrow even a Dollar more from WallStreet et al for projects in India , and why India must/ India can finance and earn interest by competing with WB World Bank , Citibank etc.
worldwide .
15... The implications of opening our market to Walmart , instead of creating a competitor to them worldwide .
16... How would a Jewish Banker / a German Banker / a London Banker destroy Say Pakistan or Say China or Say India without firing a bullet ?
17... If MMS/MSA s life depended on rolling back inflation , what could they do , and what would be the negatives of such effort .
18...The perils of inflation-immune pensions for senior bureaucrats .
19...How to control world price of any commodity , including gold .
20... How to finance India s production of high tech products like next generation drones , satelites , radars .
rg
private draft not for public , trivial eco , private venting to be reviewed
1... Left side ...The ideas with which the USA brainwashed economists
enable the rackets of Finance Executives “FE” as 21st century rentiers .
enable the rackets of Finance Executives “FE” as 21st century rentiers .
vs. Right side ....ideas about the way the world should be run to
achieve a worldwide balance between employment and income ... Austrian , heterodox economics .
2... USA govt has been bribed by FE s uniquely allowing its major Banks to brazenly create Dollars against fictitiously assets , fictitiously priced .
now - more so since 1971 , ie when I or all of us? , were taught bad quality economics at IIMC by Ranjit Sau/Chandra et al .
Permit me to label the above mentioned “ Toilet Paper Money “ TPM ,
Permit me to label the above mentioned “ Toilet Paper Money “ TPM ,
that the whole world including USA people wrongly consider money , or as money , or as having some value for their daily life and as wealth for the future use.
3. The quantity of such TPM s in circulation is currently in hundreds of trillions of Dollars ,
and SIGNIFICANTLY the negative impact of tpds is ignored by Keynesians , including many of my esteemed eco colleagues of pgp8 .
3. The quantity of such TPM s in circulation is currently in hundreds of trillions of Dollars ,
and SIGNIFICANTLY the negative impact of tpds is ignored by Keynesians , including many of my esteemed eco colleagues of pgp8 .
4...Mr Modi and his eco advisers are going around the world seeking these TPM s , when a better educated and bolder Indian PM could create equivalent TPM s in Delhi to any extent .
5...And a yet bolder and yet better educated PM would encourage rebirth of private institutions to finance India (and the rest of the world ) based on Commodity Money CM with nil or very low interest .
6....Within the four walls of the pgp8 group , I am aghast that we pgp8 guys that i know , especially those who are connected with Economics teaching , are still not shouting from the rooftops that ,
by seeking TPM s from USA, Japan ,
we are espousing debt slavery for our countrymen for eternity .
Most of us have slogged hard over last 50 years and shall continue to do so maybe over another 20 years ,
(( except the few who may have gained from asset appreciation wealth -unearned income !, -that is a corollary of Sau/Chandra/ Keynes way of economics )) .
7...Let us debate this in these four walls of pgp8 or in public .
In case , my theses withstand such a debate ,
then we , have an important leadership role to play .
8....my dear friends , 45 % of our future gnp /gdp is going to be sucked away by foreign "investors "of TPM s ... as interest !!.
Yes we in India can create our own Banks to lend Capital of TPM s or toilet-paper-rupees if you will .
Doing BPO projects a la Infosys etc , or becoming a mfg. hub a la China , or inventing brands like McDonald or creating the future Driverless autos , all these are low grade business that is contracted out to MODERN MBA SLAVE MANAGERS LIKE YOU AND ME by the FE s,
really .
9...The game that the sharpest , the brightest in the world play
has to do with , earning interest/dividends/capital appreciation ( all examples of unearned rentier type income ) ,by bribing governments+bureaucrats to get "licences" to create toilet-paper-loans-against-fictitious-assets.
The licence concept enables oligarchic control over tpd s creation , even while IIMC types are taught the virtues of free markets .
This is the business model for GSachs , JPM , Barclays ,HSBC , City , etc .
Correct me if I am even slightly wrong in this .
This is the business model for GSachs , JPM , Barclays ,HSBC , City , etc .
Correct me if I am even slightly wrong in this .
Ravi Garg nov 2014
Your question s may be settled if you watch this you tube video ..
https://www.youtube.com/watch?v=p5Ac7ap_MAY
“Princes of the Yen: Central Banks and the Transformation of the Economy” reveals how Japanese society was transformed to suit the agenda and desire of powerful interest groups, and how citizens were kept entirely in the dark about this.
Based on a book by Professor Richard Werner, a visiting researcher at the Bank of Japan during the 90s crash, during which the stock market dropped by 80% and house prices by up to 84%. The film uncovers the real cause of this extraordinary period in recent Japanese history.
Making extensive use of archival footage and TV appearances of Richard Werner from the time, the viewer is guided to a new understanding of what makes the world tick. And discovers that what happened in Japan almost 25 years ago is again repeating itself in Europe. To understand how, why and by whom, watch this film.
“Princes of the Yen” is an unprecedented challenge to today’s dominant ideological belief system, and the control levers that underpin it. Piece by piece, reality is deconstructed to reveal the world as it is, not as those in power would like us to believe that it is.
“Because only power that is hidden is power that endures.”
A film by Michael Oswald
You can follow Richard Werner (Author of the Book) on Twitter at @ProfessorWerner
『円の支配者』
I think that I did not communicate properly. The mails that you sent me today are superb as usual. You now have the BIS exposed.I was surprised at its absence in earlier pdf article.
Let me summarize - the thugs FRS and BIS control the capital flow.BIS is independent of any government control. Fed Reserve is nominall under USA government and is atleast governed by one principle as working for interest of USA.
Today, the Government control in USA appears to be zero.It looks that it is the reverse- the fed Reserve controls the Government and runs across the democratic and republican politicians. The start was under a republican and continued with agression under Clinton, Used by reagan and Bush and now Obama. It appears that the President has very little say. The foreign policy is being dictated by the fed reserve.
My questions are
- How did FRS take over government or is it the Government that is using FRS to further its global ambitions?
- If FRS is independent of Govt control (FRS has made horrendous decisions which are against US national interests) who are its prime movers /
- If 2, what is that motivates these thugs to act the way they are doing? Many actions are resulting in anarchy and anhilations. In a war there are no victors.their action lacks logic
If u have any material that throws light on these questions,I would be delighted and the missing links will neatly fit.I would be delighted to talk on the subject too.
The rest – how the capital markets are exploited is rather clear (start with your axioms).
I am only focussing on why and its logic now
mj
ravi garg s reply
1. FRS s bd. of directors voting rights in a complex manner enable 4 or so pvt banks , citi , boa , chase ,etc to appoint the chairman and to control the decisions . This is no longer debated .
2. above
3. the families that control above banks financed both sides of both world wars . They win every time .
As you said on aug 13 th , a new drama is unfolding , I hope , coz Russia n China may be better chwess players .
Subscribe to:
Posts (Atom)