Why the Globalists DEMAND Divestment of PSUs,Privatization And removal Of Subsides?

    The Globalist demand:-
1.Divestment out of PSUs
2.Privatization
3.Removal of subsides
4.Market pricing of petroleum fuels,cooking fuels,water,electricity,food etc 
5.Liberalization or opening up the 'economy" for the MNCs
       Divestment makes the PSUs lose their 'freedom' making them liable to answer questions from the shareholders.
       Privatization hands over the Business to private players,whom the MNCs can join via JVs 
       Removal of subsidies,and market pricing,maximizes the profit.
       Liberalization allows the MNCs to start Businesses,in previously closed,economies,with CHEAP Labour,Land,Power,Water,minerals[raw materials].
Result:-
1.Maximum profits for the Globalists,even from the poor and Middle classes of all nations,with cheap resources available,where the standard of living,per capita income and actual income are lower compared to International Standards.
THAT IS,WITH LESS COST OF PRODUCTION,SAME GLOBAL PRICES. THE POOR HELP PRODUCING CHEAPER PRODUCTS AND PAY HIGHER PRICES,FOR THE SAME!
2.Oligarchy replaces other forms of regimes,making the Businessmen,the RULERS of the World.
To be continued........

       

India Sold To The USA And GOI Infiltrated.....

  On 24/4/2012,a day after Pranab Mukherjee,  returned from the USA,after meeting with the IMF,G-20,US MNCs  etc,the UPA Government announced its decision to "deregulate" Diesel price,obviously,under pressure from the USA.This shows that India is being ruled by the USA now.
  The following shows that the Government of India, is also infiltrated,by outside forces.
1.M M Singh became the PM of India in 2004.
2.Shell India,a Rothschilds Co[in collaboration with Total of France], started its 100% FDI,LNG marketing from Hazira,in 2004!Shell India's CEO was Advisor to the Ministry Of Petroleum and NG,Government Of India,for 4 years.Shell India is a Rothschilds Co.GOI infiltrated?
3.The Indian OMCs start reporting LOSSES based on "under-recoveries" from 2004!
  These three significant events have occurred in the same year,2004.In addition M M Singh is,very strongly, suspected to be a puppet of the Rothschilds,who are Advisors to the GOI on Divestment of PSUs....
If the Indira Congress party continues the future of India is very bleak.
To be continued....

Deficit Financing is Bad Economics.

Deficit financing in India from the economic times.:-

".The impact of deficit financing on prices

ET Bureau Jan 14, 2011, 06.07am IST

Tags:

• RBI|
• foreign exchange reserves

India resorted to deficit financing, then largely financed through Reserve Bank's books either by printing more money or use of its foreign exchange reserves, right from the early years of planned economic development. However, our planners did not factor in the impact of deficit financing on inflation. But with large foreign exchange reserves, they were confident of the government's ability to manage the supply-side of the economy.

For much of the 1950s, the Bank was part of this consensus. Although the impact of deficit financing on prices had aroused concern already in 1951-52 , price stability did not return as a major cause of worry at the Bank until the mid-50 s. Besides, the Bank recognised the need for any plan to go beyond what available resources dictated, even if some part of the additional investment had to be financed through additions to money supply.

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Ironically, despite the first plan document, highlighting the important role of the central bank, the Reserve Bank also took a rather modest and self-effacing view about its own part in the planning process during these years, insisting that while it was entitled to be consulted by the government regarding the dimensions of the plan effort, the final decisions rested with the latter.

One of the volumes of RBI's history notes that the central bank was not given sufficient time to consider the first Five-Year Plan, the plan document arriving in Bombay only towards the close of October 1952. Any contribution the Bank made to the first plan document appears to have been cosmetic , rather than substantial, with the Governor B Rama Rau, for instance, choosing merely to object to the plan document's suggestion that 'real democracy' implied the 'equality of incomes' .

But in the mid-50 s, the central bank started warning the government about the impact of deficit financing on inflation. In the last 15 years, with India adopting a more market-driven approach to development, and even the concept of deficit now not including monetisation, the central bank still continues to warn the government over the dangers of high fiscal deficit on the conduct of monetary policy."

COMMENT:-

       Deficit Financing is merely an accounting trick and uses the future savings for present lavish spending!MM Singh is misusing this,for Divestment out of India's PSUs,even the profit-making ones,like the recent[yesterday] stake sales in ONGC.This is equivalent to selling the Family Silver,at good times,and inviting bankruptcy,as there will be no reserves to fall back upon during financial crises. Divestment may also cause corruption,as funds may be diverted.

      The remedy is "Surplus Financing".the Budgeted Expenditure should be below the expected revenue and the Government should NOT borrow from the RBI.

To be continued.....