Discussion Board

'We now know how to avoid a Great Depression'


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da dude
Printing money is fraud
by da dude on Jan 25, 2011 10:24 PM

Printing money is fraud as they destroy savers money. Money that does not exist, but can be created out of thin air is act of cheating. US fed reserve is doing this since last 2 years and guess what, the cheap money is dumped in India thru stok markets. The ffect is you are seeing the price of essential commodities getting sky high . This is called shifting wealth. A ploy by USA.

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Shabuddin Kamal
The other theory
by Shabuddin Kamal on Jan 25, 2011 10:03 PM

The other theory is that india did notget sucked because it had a prallel economy of black money. The other theory is also that China had an inkling of this happening and also did sacrificed some money by buying the bad mortagages to bring down US economy to bring US to its knees. I think they are very well on their script. They are now tageting the american banks. Tehy soon going to get the US by their B%@ls.

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VINASHAK THAKERAY
We don't need bookish economists
by VINASHAK THAKERAY on Jan 25, 2011 06:01 PM

Do we ever recall that our present PM taught economics at one time? I’m not an economist but people say he is a leading economist of the modern era. But see, what happens in reality! Under a leading economist, for a majority of Indians, fetching two square meals a day seems almost unaffordable. Food prices continue to soar with no respite in sight. People also say our present PM is honest. But see, he leads a bunch of thieves and dacoits. Scams go on unabated. In fact, it is not the bookish knowledge that is required. Such a knowledge only has academic value. People are more concerned about what happens in practice. To me, our greatest economist was late Lal Bahadur Shastri. He never read economics. Yet, he was able to make India self-sufficient in foodgrains for the first time. That too, when our post-war economy was in shambles. He was himself honest to the core. And, more importantly, he never protected the wrong-doers. What else we Indians want than to be ruled by a PM like Shastriji?

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venky
indian black money is worth 140 lakh crore..can withstand
by venky on Jan 25, 2011 05:47 PM

indian black money is worth 140 lakh crore..can withstand any depression

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vijayshree bhatkulkar
BLACK MONEY
by vijayshree bhatkulkar on Jan 25, 2011 05:34 PM

CALL INDIA GOVERNMENT HAS COURAGE DISCLOSE THE NAMES INVOLVED IN THE SWISS ACCOUNT, THIS IS PEOPLES MONEY


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Dulal Das
Lesson 1
by Dulal Das on Jan 25, 2011 05:30 PM

Privatization of Profit and Nationalization of Loss.

So long profit is coming through the nexus of state machinery and business tycoons it is the efficiency of the private entrepreneur. When loss occurs, like an earthquake it gets the responsibility of the state machinery to make them free from losses. It is free economy my dear!
India was saved due to existence of public sectors else we would have witnessed riots...
One need not to be economist to observe.... Just see how the paid news have flourished.... to paint a rosy picture like Mr. Kapil Sibal's statement on 2 G Scam. Had not the Hon'ble SC intervened so called literate but not adequately educated people of India would have thought like Sibal...

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anand kulkarni
We still don;t know how to avoid hyperinflation.
by anand kulkarni on Jan 25, 2011 05:18 PM

Which is on the way. Mind you every time there is a economic recession we are diluting money and printing
it sufficiently and supplying it to banks at zero interest rate ( ZIR ) ...US is gone m*a*d and the world walks along with it ...Bretton Woods agreement III will collapse soon....

All central banks can do is manipulate credit in the system... central banking is not a panacea and there is no panacea atleast in economics...

M3 money supply publishing was stopped by us in 2006
Guess what they might be hiding :-)

-
Anand

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rajeev tiwari
if the banks collapse
by rajeev tiwari on Jan 25, 2011 05:07 PM

banks are like reservoir where money is either
in liquid or frozen form when money is utilized or flowing it would remain fresh while if there is lack of confidence in banking system it starts getting diluted

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