EASY MONEY

EASY MONEY

Hello Everyone,

Okay lots have being written and little has being done about Recession ………….
First do you agree that this recession is burdened on us by Financial Institutions…… Yes or No ……… If yes then continue reading further ….. if no then … go 4 a walk…………….

Now how do we cope the same…….. no I am not a genius nor one of the great economist who didn’t see this coming(ouch tht hurts) …… same geniuses were harping on Derivates and transferring of risk……………. lesson learnt RISK CANNOT BE TRANSFERRED (when the world is flat and globalised) it can only be delayed.

So you will say Okay ….fundas one more funda…….what new are you bringing forth. I am simple man will try to look in simple way ….. what are we doing now ……. To the same institutions which got us into this mess we are giving more money ……Someone will say Uncle Sam to is instiution whats your problem ...my problem is they are raising tier money by selling their shitty T Bills which the whole world deals in ………… Banking is the biggest deceitful business ever being created….

Back home in India when a farmer takes loan for land, animal stock, fertilizers ……. And is unable to repay ……..banks go with these NPS'a to the government......government writes it off..... (Kisano ko rahat last time INR 65000 crore.... USD 13 billion dollars) as they are Nationalized banks i.e. Indian taxpayers at large pays for the misfortune or wrong doings of these famers

However the farmer gets to keep the land , animal stock, fertilizers he purchased from this loan and banks don’t repossess it……………………… what big brother Sam doing ………… giving out cash to this institutions .....what happens to all those sub prime borrowers ……. they r still on the roads ……. What happens to all those bankers …….. they again get to play the musical chairs with other peoples money………..

The same bank when you are standing outside your office , sitting in coffee shop or visiting a mall comes to you with a leaflet reading EASY MONEY……….