tag:blogger.com,1999:blog-7295684.post3168702018574719761..comments2024-03-27T21:41:14.402+05:30Comments on Magnifying Glass: Recession- Is the World Falling Apart - Part 2 !!Nitin Jainhttp://www.blogger.com/profile/05417880671772425142noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7295684.post-89795384729207278512011-08-18T19:24:08.174+05:302011-08-18T19:24:08.174+05:30Do you realize that in this world today everything...Do you realize that in this world today everything is INDEED bhagwan bharose.<br /><br />1. Currency. All currencies in this world as FIAT currencies. That means there is no underlying security or reserve to back the currency. <br /><br />The One Indian rupee is arbitrarily defined by the RBI, and the RBI keep changing the monetary policy to make this one rupee more or less accessible based on its own belief.<br /><br />RBI regularly prints new currency which is much higher than the value of goods/services earned by India overall. <br /><br />The best part is that ALL reserve banks across the globe do the same - what do you think this leads to over a long period of time?<br /><br />2. All the business are built upon mountains of ever increasing debt. The same is with govt expenditures too.<br />Debt for a business activity. In the hope that tomorrow the returns from the business will pay off the debt.<br /><br />But then we don't stop there. We earn profits, re invest these profits, increase the debt, and this goes on ad infinitum.<br /><br />Ppl giving debt are greedy, ppl taking the debt are greedy. Greed feeds greedy cycle is broken only when someone becomes sane and says I want it back!<br /><br />Then we have ppl running helter skelter, because no on actually has money to pay back all the debt.<br /><br />On top of that - the money that you hold is worthless, because it is govt fiat. And they believed that they are doing public a good by financing projects from worthless paper money that loses its value each and every day (vis-a-vis actual goods and services). <br /><br />So who gets shafted at the end?<br />Public in both cases. Public which invests it hard earned meager money.alpha1https://www.blogger.com/profile/06665392004355033210noreply@blogger.comtag:blogger.com,1999:blog-7295684.post-69027508078632085402011-08-15T19:32:16.200+05:302011-08-15T19:32:16.200+05:30Thanks SubThanks SubNitin Jainhttps://www.blogger.com/profile/05417880671772425142noreply@blogger.comtag:blogger.com,1999:blog-7295684.post-31875718680969298242011-08-15T16:20:37.411+05:302011-08-15T16:20:37.411+05:30that's interesting and informative article..that's interesting and informative article..Subhrashis Adhikarihttps://www.blogger.com/profile/10925822796440985088noreply@blogger.com