Para 1

Some people feel , that ,
sovereign debt loan achieved by mr modi in Dubai  comes from oil wealth savings ,
and that most countries including India ,(-that have budgetary deficits or and negative balance of payments -)  cannot create their  own " sovereign money " !
Sovereign money generally ........................
does not constitute savings of a Govt. , it refers to money borrowed by a Govt. from its Central Bank , the central bank creates electronic money loan to the Govt. against a promissory note / bond issued by the Govt . ,
So, India can create as much Sovereign money of itr own as it needs or wants (-subject to negative pressure to do so , by IMF via IMF henchmen in Reserve Bank of India ).


Para 2

The same applies to Abu Dhabi Govt , they also borrow from their central bank
and that money shall then be loaned to India at somewhat higher interest ..
so what is limiting Indian Govt to borrow more from Indian Central Bank CB for short , ha ha .. Mr Rajan gets salary from IMF to say no to Modi s Govt ,

Para 3
And
The most important insight ...

why should a sovereign Govt. need to borrow new electronically created money against its pro note given to its CB
Is RBI on Parliament Street in Delhi a deptt. under our sovereign elected Govt . or not ? or is RBI chairman a conduit to arrange Indians to pay interest to foreign insttns . ?

what is to stop our pm or fin min ,from creating equal amount of money by making an entry in the Consolidated fund of India , and after some time , equal to the loan period granted by say abudhabi , fin min could simply erase same amount from its Consolidated account .

no trips to Abu Dhabi and our country shall save huge  interest payable in foreign exchange .

Even advanced country s sovereign funds are ' manufactured ', ad per IMF whims on the press of electronic buttons !

surely , this had better be discussed in person !

http://www.financialexpress.com/article/economy/india-among-top-5-sovereign-em-debt-issuers-moodys/129536/

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.Para  4

 M Jayaram M, bangalore: This method of govt operation is common to the point of absurdity. U.S. Govt could have written cheques or printed money- but they borrow from FRS !!!
Oil money is the form of TPM (toilet paper money ).it has as much intrinsic value as the useless dollar.
Why can't we promote manufacture in India and improve infrastructure which is relevant to India unlike aping the west and building bullet trains.
Yes, we have a lot to talk about. Next week, maybe Tuesday lets get on Skype

. M Jayaram M, bangalore:

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Para  5

https://www.youtube.com/watch?v=4OVAROe3gW4
"An antidote to Ravi Garg"

The Skype message from Rajiv Bhushan


[9/3/2015, 10:11 PM] i. M Jayaram M, bangalore: http://itsthepeoplesmoney.blogspot.com/2015/06/you-know-you-understand-modern-money.html
A primer on modern money - sent by Rajiv

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 Para  6

my comments

1...The way the nation s monetary system is managed is SIGNIFICANTLY different in different countries/nations/currency areas ,
eg , USA ,...UK ,.... EEC ,...
 Germany ,
 India , Russia , China ,
 Japan ,etc ,..

2.... India (1947-1950), Russia (around 1991) , China , Japan , were forced to sign treaties , that are approved by their Contitutions ,
that gave away credit creation independence to their imperial masters ,
-respectively,- to UK then USA after bretton woods 1945 updated via  Jamaica 1972 . ...

3... the currency s issued by each of India , Russia , China , Japan are currency s of OCCUPIED COUNTRIES ,( -same as USA now manages the currency in Libya after occupying Libya in 2014-, or the way England managed the Rupee and banking ,eg , gold reserves , foreign exchange rates , bill discounting via London etc. in India say 1850-1950 ),

 and

each currency/credit  is issued/managed under full (selfish ) control of USA-IMF fully as USA-IMF is  the OCCUPIER ( IMPERIAL ) master of such counties .

 UK is a special case ...

EEC/EURO is also an OCCUPIED "country " in terms of the amount of credit that EEC CB central bank can issue

,-including decisions as whether the credit money will be used for
 a-sustainable employment or  b-asset appreciation bubbles  or c-or for loaning to IMF-suggested loan takers like India who in turn  end up becoming debt slaves to electronic money  .  ................

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Para  6.1

 your impression that ,
that sovereign debt loan achieved by Mr. Modi in Dubai  comes from oil wealth savings , and that no country including India can create its own sovereign money
if you read as per flwg link

http://www.financialexpress.com/article/economy/india-among-top-5-sovereign-em-debt-issuers-moodys/129536/

it will show that so called term sovereign debt 'it' does not constitute savings of a Govt. ,
 it refers to money borrowed by a Govt. from its Central Bank ,
the central bank creates electronic money loan to the Govt. against a promissory note / bond issued by the Govt . ,

same applies to Abu Dhabi Govt , they also borrow from their central bank

and that money shall then be loaned to India at somewhat higher interest ..

so what is limiting Indian Govt to borrow more from Indian Central Bank CB for short , ha ha .. Mr Rajan gets salary from IMF to say no to Modi s Govt ,
========================================================
Para  6.2
And
The most important insight ...

why should a sovereign Govt. need to borrow new electronically created money against its pro note given to its CB
is RBI on parliament St a deptt. under our sovereign elected Govt . or not ? or is RBI chairman a conduit to arrange Indians to pay interest to foreign insttns . ?

what is to stop our pm or fin min ,from creating equal amount of money by making an entry in the Consolidated fund of India , and after some time , equal to the loan period granted by say abudhabi , fin min could simply erase same amount from its Consolidated account .

no trips to Abu Dhabi and our country shall save huge  interest payable in foreign exchange .

sir ,
Even advanced country s sovereign funds are ' manufactured ', ad per IMF whims on the press of electronic buttons !


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Para  7

[9/4/2015, 7:43 AM] i. M Jayaram M, bangalore: Nooni
Rajiv is a research scientist and in our terminology a leftist with a conscience. His theories will start with American ways and then reach what we think after a series of connected and unconnected theories.
I forwarded his message to U jus to tell U that there is one more of our classmates who dates to think differently
Rajiv ' contacts
rajiv.bhushan@gmail.com


 And I do not necessarily agree with all his views. I however appreciate his different approach.
In monetary economics my beliefs are obvious to you.

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Para  8

: It seems to me , repeat seems to me ,
that there is a small specific group A of ' countries '  ..( USA UK Japan EEC- with high weightage to France, Germany ) .. that have consciously created / stumbled on to monetary theory . the interest of these countries and their ideas of managing only their economies , is in conflict with rest of the world countries group B . Group A manages to live off the hard work , low wages , poverty , of group B countries .as a small corollary , maybe within group A also their middle class is getting marginalised slowly .  within group B , there is a miniscule  group mostly the corrupt that is able to extract wealth into tax havens controlled by group A ... the tax havens wealth is estimated at Dlrs trillion 20 to 30 .
the international elite I E  meaning the rich in groups A and B , have succeeded in creating a grip over USA army and the FRS system including IMF  , and thru it the IE already controls almost all group B , barring some potential of fight back by China ,Russia mainly .

the economics principals as implemented in group A are different than in group B .
[9/4/2015, 10:36 AM] +91 99714 07788: in Russian literature , IE is different from grp A , and grp B is yet separate entity to be exploited by the IE using the military and FRS IMF ,and via  country wise treaties signed with grp B  countries with IMF.
these treaties are not advertised by IMF though these are taught to new country heads recruits into IMF and are available here and there on the web .

Almost 99% of the videos and blogs on the web , try to make sense of the policies of the FRS from the interest point of view of the middle class in grp A ,
while not seeing the hidden hand of the IE within the FRS system , this IE hand that rocks the IMF FRS from within is even disinterested in the middle class of its own countries eg USA UK Japan Germany France- EEC !!!

so the blogs in USA lime Peter Schiff , Hudson , Alastair MacLeod , varifoukis , celente , Rickards , and many many others are confused why the FRS system has not broken down since 2008 Aug till now ...

the middle class of grp A is being thrown to the dustbin alongside dustbin of grpB let me label this as grp DB aka dustbin group .

Read or see video by Joan Veon , where she explains the UN s World Govt. program ,
imp. read about UN s agenda 21 since 1945 that inter alia every year publishes progress reports on its success in reducing world population in another 80 or so years to only 1 billion total or less , thru induced infertility amongst other methods !
our Rajan has also written praises for one world Govt program of UN , that includes pop. reduction without asking Russia India etc , !

the IE serves itself and in future a  severely reduced number in grp A , thus the nomenclature International Elite .
hoax economics is keeping grp DB confused thru blogs discussing gold prices , inflation deflation etc.

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 M Jayaram M, bangalore: Excellent summary. I agree wholeheartedly

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