25 .11 .2017
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 a significant conscious? 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 Japan ,China ,Taiwan , Europe , G7, 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...Mr Jaitley/ MMSingh-MMS/ MSAhluwalia-MSA are/ were preventing implementation of a free market economy , under HUGE pressure from IMF/ (and Related Insttns.-CIA, BIS, WSR-Wall Street Regime/others).
12...Understanding how Huge power has been achieved by some-Jews and some-Muslims , and why modern hindu s need to shift their focus away from the prevalent hinduism .
13... Can I enable West Bengal to achieve full employment , - without any funds from Delhi ? , and other proven practical ideas .
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... Some non intuitive insights about eliminating inflation , ie the dysfunctional effects of interest on bank-created-money .
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 discuss this in these four walls of pgp8 or in public .
In case , my theses withstand such a discussion ,
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
