Thursday, September 11, 2008

A good talk on economy

These are good points which I had been reading for the past 10 years plus. You all might have heard of S Gurumurthy - he is the head of the Swadeshi Jagran Manch ( Suthesi vizhipunarvu Iyakkam). I came to know of him through his writings in Thuglak 10 yrs back. He had been suggesting this demise of the Dollar for the past 10years, I didn't get it when I was there but I could see the whole scheme while I came here.

His article "Engae Pogirom?" was an eye opener for me. It was discussing India's Economy since 500 years. How we were doing our day to day business from Education to daily life and how it was screwed by the English invasion. If you guys get a chance get it and read it. Thats why I always felt theres got to be a middleway between Communism and Capitalism and the mid-way is having a strong local economy and there is no doubt. Thats why as he lays out India is in a very good position in terms of the local consumption. The consumption increases the number of transactions, in every transaction atleast three people get benefited (buyer, seller and the agent). Though I don't agree with few of stuff on what he said, I agree with him to the most part. Two issues that I don't agree with him are

1. His take on Thailand PM Thakshin Sinawatra. It is indeed true that he said lets stimulate the local consumption but he was booted out of power because he is a business man and he screwed the government upto 200$ million on taxes to be paid in a recent stock purchase swap of various family held business. So the Army with the blessing of the King stepped in.

2. US having to land first in the moon.... Any country should work towards its advancement and someone or ther other has to do this. The EU is doing this with its own R&D. India is doing its own. Its good that US is leading the charge by pumping money to do this.

The concept is if you kill one person, you goto Jail, but if you kill hundreds (read veerappan) you can get "Pothu Manippu" thats the equivalent of others supporting the $$$$!

and you don't have a choice. Because the only folks who talk in these terms in India is the BJP and people won't put them in power stamping them as communal. So don't worry India like every other country will help protect the $$! So if you have the $, you are safe and if you go down, you are not alone - everybody will be with you in the underground. You can start holding accounts in various currencies to hedge your bet.

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