World Economic Forum Is unhappy With India's Subsidies!

 The WEF has come out with a report,in partnership with,Accenture, recently making unreasonable and selfish demands on India.
1.It claims that "costly and inefficient subsidies are damaging the economy".It demands that the energy market be made "more transparent" and "efficient" ,for encouraging foreign private Investments,in its report:
The New Energy Architecture:India".
COUNTER:-
             QEs and printing of notes are also SUBSIDIES.These export Inflation from the hosr nations around the World.These also have to be stopped.Stimuli with tax-exemptions are subsidies. 
            Subsidy should be ;provided where the standard of living is low.India is one such nation,where ths majority in rurla areas,use the one space for defecation.Even in cities near slums this is very common.
            The perks and pays in  India are also far less than in many Nations.       
            A country is NOT for the Businessmen alone.As per Indian culture,Businessmen are only a part of the Society,which constitutes others who may be rich,middle-class or poor.Charity is one of the basis of Indian culture.Subsidy for the poor cannot be removed for the sake of the profit of a few Western and Foreign businessmen.
                    As regards the energy markets being made "more transparent",it is the Western Businessmen who should be transparent.For example they are,reportedly, making huge amounts in Philippines citing the so-called "under-recoveries", in petroleum products marketing.Enron is an example of deregulation,which the Western Businessmen demand.The unregulated Derivatives are damaging the whole Global Economy.Yet the Wall Street bankers are reported to be misusing them in many ways,bankrupting Municipalities, manipulating the prices of Commodities resulting in high Inflation Globally,thus making the life of the POOR, Middle Class and the Fixed-income Groups hell,as these three are unable to make both ends meet,resulting starvation deaths due to high food prices....The Wall Street bankers are also reported to be against REGULATING the derivatives..What sort of transparent system us this?
2.Demands separation of Government from PSUs.
COUNTER:-
  THIS IS PRIVATIZATION,which means LOSS of Sovereignty.Hence is NOT acceptable.
    During the 2008 Global Financial crisis, the Indian PSU banks were the ones, which saved the nation while,many private Cos lost more than 25 Lakh Crores in Derivatives....
3.The report cites India's inability to meet its energy demands.
COUNTER:-
     Wheres' THE WATER?The power industries guzzle water!India will face Water shortage if she caves in to the UNREASONABLE and SELFISH demand of the WEC for "more energy".Why the USA has de-industrialized?Transferring pollution and Carbon Emission to India and the MNCs,raking in profits,using India's resources like Water,Power,raw-materials and Cheap labour...?
4. Honest upfront information is needed.
COUNTER:-
       This can be incorporated in agreements and is expected of both parties.
  Again Foreign MNCs have been untrustworthy as regards the so-called, "UNDER-RECOVERIES"...
Now demands on the WEF:-
1.Fractional Reserve Banking is not acceptable as the bankers become the masters by creating Money out of thin air
2.Unregulated Derivatives are not acceptable.These are a very great threat to the whole world on many counts.
3.DEREGULATION is not acceptable as it will make the MNCs above National and International laws...
4.QEs and STIMULI,which are SUBSIDIES, are not acceptable.
To be continued

      

Globalization and Investment Banking for Looting the Wealth of the People and Nations.

Globalization and Investment Banking,are misused  for Looting the Wealth of the People and Nations. The recent agreements of UPA with the USA,insist on certain things like "encouraging" Stock,Commodity and Currency markets in India.One of the reasons is that the USA is de-industrializing at a rapid pace from the 60s of the last century,mainly concentrating on the:-
1. Military Industrial Complex,with Weapons Sales and unending War,recommended by PNAC[Project For The New American Century] as a means for profit.
THERE IS ANOTHER SCHOOL OF THOUGHT WHICH POINTS TO ENDLESS WARS,GLOBALIZATION ETC AS A COVER UP OF FOR SOME MASSIVE FINANCIAL FRAUDS[THEFT OF NATIONAL WEALTH.This is to be confirmed]
The case of Leo Wanta is very baffling.


2.Finance and Banking with speculation[DERIVATIVES] as tool for looting,nations and bankrupting them.This has been successful for the Investment Bankers with Municipalities,in the USA,Italy and France to name only a few.In many cases the Investment Bankers have been sued,as in Italy,for lack of clarity as regards the Derivatives. The case of Greece is,also, a very good example.
  An excerpt from the link above[DERIVATIVES]:-
"The five biggest banks hold 95 percent of derivatives: Nearly the entire market in derivatives — the credit instruments that helped blow up some of the nation’s biggest banks as well as mega-insurer AIG — is dominated by just five firms: JP Morgan Chase, Goldman Sachs, Bank of America, Citibank, and Wells Fargo."
All the five are US banks!      
3.Pharma
4.Civil Aviation
5.GMO [To usurp IPRs in India's indigenous  Food grains,plants,vegetables etc,which have been grown for millennia.In India  Brinjal is the target,initially.]
6."Education" for making money in countries like India. Student Loan scam can make Crores of Students Debtors for life to the Banks, whose Business will also spiral.
7.Manufacture of Civilian Airliners.
8. Retail.
Why are the Investment Bankers so successful in not only making minimum 100% profits but in bankrupting nations too?The answer is:-
1.INSIDE INFORMATION. Another LINK.
2.The DISHONESTY of the Leaders of most Nations.

3.Their weapon,the Derivatives,are not regulated by any rules,and hence BEYOND Law!This is why the Western Nations and their MNCs, want deregulation and "market Economy",so that they are not bound by International law/s.
4.Their enormous wealth with Fractional Reserve Banking,as a blessing for high leverages:-
   Fractional Reserve Banking,makes the value of the Currency many-fold,in the hands of a Banker, than the SAME AMOUNT in the hands of ordinary non-Bankers.
  This is why the Investment bankers are against Gold Standard,preferring Fiat Currency,and BANNING Of DERIVATIVES. 
  Due to their contacts,with the Governments,the Investment Bankers,have inside information regarding Policy and Globalization has enabled them to enter other nations,where this WEAPON,Derivatives coupled with inside information and Fractional Reserve Banking, is deadly in their hands.
To be continued..........

Why Is Fractional Reserve Banking Bad?

Because a small amount of Money is misused to Loan a bigger amount,by CREATING MONEY OUT OF THIN AIR..This may destabilize banking,without proper regulation.Fractional Reserve Banking started with Fraction Gold Reserve,by Goldsmiths.
  There are a lot of articles on the net,regarding this.This link is a good one.

Will be updated..........

Banking And Financial Systems.........