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Thursday, February 19, 2009

Bank Demons Of India!

Even 2 months after the Reserve Bank of India (RBI) reduced the Cash Reserve Ratio (CRR), the banks are maintaining the high interest rates they have been charging for around 2 years now! It is pathetic to know that the authorities and the government have turned a blind eye towards this, one should say, criminal act! All these banks -including the nationalised banks- had hugely increased the interest rates on the Already Loan Taken Customers, citing a million reasons, a couple of years back! All those poor guys, who took the loans at around 7% woke up one fine morning learning that they are paying around 11% or more on the loans taken at the FIXED INTEREST RATE of around 7%!

As they -most of them- had taken loans for the time durations of 15-20+ years and they had no options at their disposal to clear off the debt just at the same moment - as they were not Bill Gates, Ambanis, Soroses & Buffetts - they knew the LARGE SCALE CHEATING with the support of the POWERS THAT BE, they have been forced to pay whatever percent of interest the banks have been FORCEFULLY SQUEEZING OUT OF THEIR EXISTANCE! They were shown some charts and writings in HYROGLIPHICS & CUNIFORM to prove that there is a situation that forces the banks to SQUEEZE THEIR EXISTANCE HARD! A lot of persons defaulted and banks collected their BOOTY and swelled their bottom lines! The prices of the bank shares sky rocketed and there were wars waged on Dalal Street to corner a chunk of the Heavenly Priced Bank Shares, as they plundered the poor, hapless customers!

Then, there was a lending spree...! Great offers were showered on unsuspecting persons that they jump from the top of a precipice, believing in the false promises & offers of the Banks Turned Demons and found themselves scattered in at the least 25 cents of land area! Great Offers were promised most of the time in the upper brackets of 18% and more! They MARKETED BULLSHIT in beautifully decorated covers, for princely sums! There were more than enough FINANCIAL INSTRUMENTS in the market to CATER TO THE BRILLIANT CUSTOMERS - That was what the poor, unsuspecting, easily gullible customers were called in those days! Everybody, even those without having any need of BORROWED MONEY, took hundreds of thousands paying 18, 19, 20 and more percent of interest! Borrowing money for insensibly stupendous rate of interest became a fashion statement; it would be better, if we say, such foolish things were promoted as FADS by the banks & the media! And, the SUPREME BEING GOVERNMENT never uttered a word about the LOOTTING/FLEECING of the customers!

Then, there were GREAT PROMOTIONS RUN to develop the sense of spending using CREDIT CARDS! This CONVENIENT INSTRUMENT was promoted as the BE ALL & END ALL OF ALL THE GREAT THINGS in the financial industry! People were offered credit for JUST AS LITTLE AS 2.5 to 3 percent of interest, on credit cards! People, who didn’t have money to buy anything paying cash, resorted to THIS QUALITY BORROWING METHOD with ONLY 2.5 to 3 percent of interest! Very soon after the borrowing they understood, it would have been better to be an ABHIMANYU IN THE CHAKRAVYUHA than a borrower using credit card, as, even if there were chances of ESCAPE FROM THE CHAKRAVYUHA no one ever escaped from the credit card induced borrowing, which made millions heavily incapacitated & mortally damaged! What the POOR BRILLIANT CUSTOMERS seldom knew when they borrowed on the credit card, PAYING ONLY 2.5 or 3 PERCENT INTEREST was they pay THIS PALTRY PERCENT of INTEREST for a month and not a year, as the usual practice of interest calculation is! Hence, most of them paid 36% to 46% of interest annually for the amount they borrowed using credit card! And, here too, the SUPREME BEING GOVERNMENT never uttered a word about the LOOTTING/FLEECING of the unsuspecting & defenceless customers!

Then came THE CRUNCH! As people say, "All these things started in the U.S!" People were told THE CRUNCH won’t come to India, as it is not at all interested in coming to India as it is FULLY AMERICAN! But, as usual, against the GREAT PREDICTIONS of the FINANCIAL VISIONARIES of INDIA it found its way to India! People started feeling the pinch; they lost jobs; they reduced spending; they reduced borrowing etc. Money almost disappeared from the market as RBI tightened its grip on the money circulation to curtail a rising inflation rate; it increased the CRR of the banks. Citing THIS REASON banks increased the interest rates again! People almost stopped borrowing at exorbitant rates, thrust upon the poor, defenceless customer! With the inflation under control and spending on the downward spiral, RBI reduced the CRR substantially! The very next moment BANK DEMONS reduced the interest rates of all the deposits they have taken, saying they have huge surpluses due to the CRR REDUCTION! But those, who borrowed from the banks, were forced to PAY INTEREST THROUGH THEIR NOSES, continuously! They never got any reduction in the rates in which they pay their interest! They could not understand why the BANK DEMONS are not willing to reduce the rate of interest for their old customers, as they have been paying hugely excessive rates of interest for the money taken on a totally different & substantially lower rate of interest, years back! They even failed to understand the logic which states 'when there is a rise in CRR there is a huge rise in the interest rates and when there is a downward spiral in CRR there is NO REDUCTION IN THE INTEREST RATES!' Whoever said "Sarvam Maya..Jagath Mithya!" must be right here too, as these POOR BORROWERS understand at their own peril! It is time to re write John Keats as we see the Modern Day Knight Being Told "La Demon Bank Sans Merci...Hath Thee In Thrall!"

Friday, February 6, 2009

The Cultural Revolution in India!

All of a sudden there is a surge in the number of Cultural Upholders & Moral Police in the Secular Indian Republic! Now a day, in India it is stated that "It rains Moralists & Culturalists!" They are having a field day, all over India! And, the Anti Social Elements like lovers, pub-goers, socialites, born-free-men & the likes are running for covers as this Moral Brigade marches ahead against all that is Lawful, Low-Abiding & Orderly! All the Moral Police is Hooting is about the Indian Culture & the invasion of other cultures! And, these people also claim that they have the support of a large chunk of the Indian Society, which is so concerned about its culture getting eroded!

If these people are really bent on CLEANSING the ALIEN CULTURES, they should start with the cleansing of whatever is left of the Aryan Culture, which literally destroyed the Ancient Culture of India (Which is One of the Oldest in the World!), Dravidian Culture, which was existing in the Indus Valley, long before the Aryans Arrived from central Asia and destroyed it! And, if these Culturalists really want to start the Cleansing, it is better they start a war against Pakistan, as most of the areas where Indus Valley Civilisation thrived is now in the possession of the nation, Pakistan! It is always better they start at the roots; and, one can be sure that these Moral Preachers will catch the next bus to Pakistan to Really start Their Divine Job of Cleansing the Indian Culture! It is also heard that these Moral Police is spending billions (Sorry, we should use Lakhs & Crores instead of Billions, as it is against the Indian Culture!) to invent a Time Machine (Sorry again, as it should be "Samay Ka Gaadi! Or it should be something else, as Hindi too is from an alien culture-Aryan!) that they can go to past & CORRECT THINGS to their choice & wisdom!

We should altogether STOP (Or else they will make us stop!) using machines like bicycles, computers, vehicles, television, refrigerator, air planes, telephone, microphones, loudspeakers, digital calculator, mobile phone, Pepsi, Coco Cola, Vicks, Anti Cancer Drugs, Drugs of the Foren (Instead of Foreign!) Drug Companies and we should stop playing Cricket (Developed & Promoted by the British!) and most of all other games, as all of them are of alien cultures and should STOP learning physics, chemistry, psychology, electronics, zoology, genetics, economics etc. as they all are from alien cultures! People SHOULD STOP drinking Soda Water as it is against Indian Culture! We should NEVER USE photography, print media, steel, plastic, internet etc., as all these things belong to Foren (Instead of Foreign!) Cultures! We Should CALL BACK all the Indians who have gone outside the country to find a job or whatever and force them to settle in India (Let them live here as jobless but cultured!) or else we should label them as OUT CASTS and terminate their Indian citizenship, as they are NOT AT ALL SUPPOSED TO CROSS THE OCEANS OF INDIAN CULTURE!

We should START PROMOTING Bullock Cart Racing and start promoting Bullock Cart Fast Travel! We should ONLY write things in 'Olaas' (Leaves) instead of paper and we should ONLY USE PIGEONS as our 'Letter (Sorry, 'Olaa' or Letters written on Leaves!) Carriers'; we SHOULD NEVER TREAT ANY DEADLY MALADY but have to go in search of the sorcerer or black magician who cures all these things! On should never wear anything created by power looms and one should always wear (If possible!) ONLY LOIN CLOTH, as it perfectly fits with our moral policy of cultural promotion and of course, loin cloth is 100% Indian (Make sure it is NOT MADE on Power looms to avoid the wrath of the Moral Police!) We should never learn things other than those same things learned by those people who lived three or four thousand years back! We should be as backward as those people thousands of years back were; or else (Even if we are a wee bit advanced than those people) it will heavily infuriate the Moral Police! And, we can not hold the Moral Police responsible for whatever they do in the RAGE TO INSTALL/REINSTALL our EXACT CULTURE, which existed four or five or six thousand years back! Don’t doubt their Moral Integrity!

As is our Indian Culture (According to the Very Right -Pun Not Intended- Moral Police!) we should promote the OLDEST PROFESSION as we had that institution running in hordes in our culture, long back! We should start giving SEXUAL LESSONS (Even Practical!) to the girls aged 8 or 9, if they are FAT ENOUGH, based on our VERY CULTURAL KAMA SUTRA! We should, in effect & by force, restart, in a large scale, the Devadasi System and we should promote Child and if possible Kid Marriages, as they all strictly belong to Our Culture! We should Forcefully Restart the BEAUTIFUL CULTURAL ITEM 'SATI' (In which the living wife (Widow) throws herself to the pyre of her deceased husband!) and develop our Indian Culture (Let the British be Dammed - as they belonged to another culture! - who along with Raja Ram Mohan Roy somewhat finished off this BEAUTIFUL CULTURAL JEWEL OF INDIA - 'SATI!') We should start schools where our girls are made to LEARN THE TECHNIQS of SEDUCTION (Where the GANIGAS/Professionals for the flesh trade were made!), as was the case with The GOOD OLDEN DAYS! We should always do whatever is done in Those Good Old Days and say great things about our women folk and keep them always subservient!

We should say we think & respect women/girls as Goddesses, as it is in our CULTURE, and at the same time behave towards them as Instruments of Pleasure & Thankless Service! Hence, when a group of women is molested in front of their family, in Our Financial Capital on the new years' eve and the photographs of that heinous act are spread the width & breadth of our country, when in a Mangalore Pub girls are beaten into pulp by the hooligans, in full media glare, when a girl of barely fifteen is raped & killed in Goa, WE SHOULD TRUST the MORAL POLICE'S saying and report that “ALL THOSE CULTURELESS PEOPLE WERE TAUGHT A LESSON BY THE MORALITY UP KEEPERS!”

Friday, January 30, 2009

FAR BETTER OPTIONS FOR INDIA OTHER THAN WASTING TIME ON PAKISTAN

My mom finished matriculation and went for Malayalam (The Language Used by the Keralites) Vidhuan (Scholarly Studies)! However, she didn't complete it. She got married to my dad, who was working in Bombay at that time! Then, I was born, in Vile Parle, Bombay! We were a middle class family. As years went on, my father got a fantastic job in one of the gulf countries, and we were sent packing to the state, where my parents were born. When we settled down in Kerala, somehow my mom picked up fights with one of our new neighbours! We had, from our other neighbours, vilified stories about this particular neighbour, who according to them, even worshiped the evil spirit (Kutti Chathan or Chota Chathan!)



They told she even was an enchantress who seduced males by the help of the evil spirits she worshiped! She had a magical powder with her that would be used in the food stuff she offered to others including the neighbours, that she could control them and make them do whatever she wished, we were told in whispers! And, we had our ears full of stories in which she defeated males in fist fights & guerrilla fighting methods, where she attacked unsuspecting males from behind with sticks and knives, in nights, when these poor fellows were returning home after their daily work! Hence, it so happened that whenever a problem surfaced anywhere near & far my mom blamed it on this Evil Worshiper! She was blamed day & night for the evil deeds she continuously did! Other neighbours, who too were the "Poor Victims" of her evil works, supported my mom, in the furtherance of the pieces of information about this evil worshipper, who did anything to satisfy her evil mind! Iran-Iraq war, Saddam's Invasion of Kuwait, Global Warming, The Price Rise in the Commodity Market, The Failure of the Indian Hockey Team in the Olympics & a lot of other things were blamed on her & her evil works! My mom and company even painstakingly traced the Hiroshima Bombing to the evil wishes & evil doings of my evil neighbour!



I laughed for hours, almost every day, because of these kind of inventions made by my mom & co, on a daily basis! It was so funny to watch all my neighbours in the leadership of my mom excavate the Indus Valley Civilisation Sites to find out whether the evil neighbour of ours had any hand in the destruction of the Indus Valley Civilisation, thousands of years back! All the years I laughed, they continued their work dutifully and perseveringly to find out something more, something better, something longstanding to prove their points to the coming generations or should we say posterity?! I laughed all my way to adulthood and continued laughing to this day thinking about all those Truth Finders & Archaeologists, led my dear mom, who spent most of their time and even life to give the coming generations with a clear idea of the Evil Neighbour that they live peacefully, ever after!



It is quite funny thinking of all those simple & good old days! All of our neighbours, including the evil one, were simple people who lived a day to day life, with no pretentions to the highest & powerful places. They were ordinary citizens of a very ordinary India. They didn't spent hours discussing All Those Larger Than Life Things & Happenings! They just simply lived their life, that’s all! But, when The Powers That Be & Media trumpet the name of an Impoverished, Backward & Inefficient Country Pakistan in every nook & corner of India, every second of the day & night for all the problems India faces, I find myself in a dilemma, not knowing whether to laugh or cry?! I often ask the question "What is there in Pakistan?" which makes it a destination to look at. I think, "Why should we look at Pakistan, always?!" Is it a country worth watching this much curiously, consuming time and closely?! I don’t understand why in each and everything we compete, think about, compare, discuss, accuse, take stand against, write volumes about, prepare counter methods, blast rhetoric against and do whatever we can do against this extremely impoverished, backward & pathetically underdeveloped country!



Agreed that Pakistan has unlawfully grabbed Indian land in J&K; and they have been waging a ghost/phantom war against India, for decades, buying weapons from all the possible sources! If this is the reason for our grouse, then, China has not grabbed less land from our country, unlawfully & shamelessly! It too has grabbed thousands of acres of land from our mother country. And, if this is not sufficient cause, it is in the best interest of all the Indians to know that it is this same good old "Bai Bai China" which is supplying Poor Pakistan with innumerable weapons -even nuclear things- that they Survive Somehow & fight their Phantom Battles! I don’t understand why should India look always backward (to Pakistan) when it can look forward with very little effort?! There are other neighbouring nations like Nepal, Bangladesh, Sri Lanka, Bhutan etc. that we can talk of and print in the fourth estate than packaging the fourth estate & media with the insignificant and stupid news-like-things of an utterly poor, fundamentalist-infested, pathetically backward country Pakistan!



Here, 'what we Indians can do for India other than what Pakistan did for India!' comes into the forefront. If we qualitatively think & do whatever is to be done and only think of the solid and positive aspects that is to done (Implementation of these good & positive things is also to be made a pre requisite) we will see an everlasting qualitative change in the Indian outlook. We should also learn a few and simple things like "Prevention is better than cure", "Don’t trust your enemies", "Learn from your (past) mistakes", "A stitch in time saves nine", "Strong words must be followed by strong deeds", "It’s only a fool will fall in the same trap a million times" etc. If &When we stop the rhetoric and start converting quality thoughts into action, and start to implement WHAT IS NEEDED, I think, there won’t be enough room in the media, press, political circles and most importantly in the minds of Indians to place the insignificant & unwanted (From a Quality Perspective) truck loads of the news-like-things about a backward, extremely impoverished & pathetically underdeveloped country Pakistan!

Friday, January 23, 2009

An Oscar for India?!

"Oscar has its own place...we do not disrespect it.... If they wish to give us an Oscar they can do it...if not, it would be even better," Amitabh Bachchan said.

We Should Trust Him as He Lost Much of What He Had, Running the Glamorous Miss World Show,Another Piece of Marketing Gimmik/Trick,Years Back, Under the ABCL Umbrella!

The huge market that the country/India of more than 1050000000 people is, it wont takethe wizadry of a genius to think that this time around an Oscar will find itself in one of the contesting Indians' pocket! As this is recession time, it is not that difficultto understand that an Oscar will make Indians close to the Hollywood & the likes and it will make the money come out of the poor Indian's pockets!

Everything is a game played to make profits....! And, those people are considered great, who even in tumultuous times succeed to make money in billions! Sometimes, from these markets...sometimes from those markets...sometimes even from nowhere! People who run these types of shows pretty well know how to make Mexican Waves of Human Minds and attract money towards them and the events they run! And, now, these people who run the marketing show Oscars pretty well know it is in Old Poor India the money is!

Sathyajith Ray with all his might failed to get an Oscar for any of his works,in his days (He got an Oscar for his life time contributions in the field of cinemais another matter as it is of an honorary nature!); the Sixth Sense, Elizabeth and a lot of other good works fell by the way side, due to their Indian connections! Great Indian actors like Raj Kapoor and co never got anything from the Oscar coterie! Great Indian Musicians like S D Burman, Salil Chowdhary and co drew a blank for their great works, from the all powerful Oscar Givers! And, a lot of other great fieldsof Indian cinema also got sheer neglect from these Quality Cinema Analysts!

These were all before the Floods! Now is the time for appreciating the greatness of Indian Cinema! All of a sudden a huge interest is shown in the films made in India!All of a sudden a large number of nominations are made for the Indians, who perform in the World Standards! All of a sudden a large group of world class great performers appear from nowhere in India and they all get their due respect and at the same time nominations for the Oscars! And, remember,all these great Indian performers appear in the Recession Hit 2008-2009, out of clear blue sky!It must be some sort of a coincidence, after all! We should not doubt the good intentions & perspectives!

Who told Oscars are market driven? Who told due to recession the focus is shifted to the Billion+ Market India, as part of a survival or bail out package?! Who told the Oscars have been trying to learn the survival technique?Let us, Indians, rejoice in the world reckoning that we have "Oscarworthy" personalities in the film industryand let us rejoice in the sudden emergence of World Standard Oscarworthy Industry Titans, who will tilt the scales in favour of the till date neglected (Due to lack of world standards!) Indian Film Industry!

Saturday, December 20, 2008

BPO INDUSTRY DYING A NATURAL DEATH!

At last the death is coming for the BPO Industry.......! Riding the waves all these yearsthe point of acid test is here! And surviving it and be the thing what it was/had been before the test came is almost impossible! Its well stated that we can not avoid the Unavoidable!All these years the BPO industry has been taking things for granted. Almost all the people working in the industry took it for granted. Everyone thought of the industry as some sort of a bush, thistle, shrub, grass or an unknown plant which is there and will be there forever even though nothing is done to grow it! They confidently believed that its not even importantto think that its there!


The so called authorities who have been commenting on the industry in positive tones for eons - what are these authorities for other than commenting continuously on something?! - continue trumpeting over the greatness on the things in the industry! They keep saying about somethingthat they think are the most important things about the industry! Everyone conveniently forgetswhat this industry basically is and why it came to India in such a BIG WAY! Even those who are there in the BPO industry and those who think they lead the society and nation think aboutthis "Panacea" for the root decaying deadly decease called 'Joblessness or Unemployment' as another 'Somehow Grown' shrub or plant which if seen is ok or else dont mind.


People who even dont know this plant which is a panacea, fish very powerful microscopesout of their deep pockets as a juggler does and point out to the public the microscopic organismsliving on the surface of its leaves as something 'Very Dangerous' and declare that these microorganisms were the 'Real Reason' for the extinction of the 'Good Old Flesh Eating Dinosours!'Media spread this news of 'very dangerous organisms existing on the surface of its leaves' all over the nation and people develop a new phobia named by the experts who found out these'Deadly Organisms' as 'BPO Phobia'. The much respected and knowledgeble teachers of all the colleges and universities stand together to spread this 'piece of information' about 'the organisms'and they with other thought leaders and social strategists with the help of media declare this plant an evil!


Hundreds of thousands of people earn their livelihood from this industry; but they all forgot that it is efficiency, quality and the like things which are the most important things which should be maintained at any cost!They completly forgot the basic rule "Give Quality(work) & Take Quality(remunaration)! The personnel who were in the responsible positions of recruiting quality people did underhand dealings to recruitsub-standard people into the positions of responsibility & quality.They compromised everything the BPO Industry stood for!The HR People of a lot of BPO Companies thrived due to this illicit relationship with the outside recruitment peopleand hundreds of poor quality, inefficiant and qualityless people were recruited to man the positionswhich should have been manned by those who 'Knew Things' or at the least knew '1+1=2!!!'


In the years of BPO Sunrise, when no other country was able to give what India did for it's customers,it was well assumed that anything would sink in unnoticed and without questions being asked! But, seeing this huge opportunity, other countries started preparations and they started to train their peopleto give the quality the foreign companies expect and need from Quality BPO Services! As years went by, those countries, armed with the quality built over the years, started to take away small chunks in the begining and later large pieces from the cake India for a long time tasted alone - all these years our Indian HRs getting perks for recruiting the wrong & poor quality people, who performed pathetically, into the industry!


Now, the things have come to a full circle; what India once stood for - quality, competive prices, efficiency etc. - other countries are offering, as the Indian BPO Industry wade through the quagmire of inefficiency,poor pricing and extreme lack of quality it has created for itself, taking all these years! Hundreds of jobs are lost; existing processes vanish into thin air; new processes come only by tricles! Yet, 'the people in the know' continue their stupor and 'the Quality HR People' in the companies do their best to continuetheir stupid practises to Upgrade Inefficiency & Incompetence! Let us all stand by the dying industry & hope the malady - which is a very large part of the present day BPO Industry itself! - disappear, somehow!!!

Monday, December 1, 2008

We Got To Stand Together!

When the terrorists struck Bombay he was not aware of that; he was thinking about the Hartal which was going to be celebrated
in his God's Own Country! He was thinking about the chances of another couple of Hartals, the National Festival of the Keralites!
But, when he got the newspaper next morning, he new some terrorists had holed up in some hotels in Bombay and they had killed
more than 100 people and injured more than 300 people.

He eagerly devoured what was written about the terrorists and sighed heavily reading there were no Malayalee Casualties,
which was specified by the local daily. He read about the boat which came from the Porbunder Harbour, Hotel Taj, Oberoi,
CRT, Nariman House(with no mention about why Nariman House got attacked, as somebody wanted to cover the reason
behind the attack on it) and some other places. He re read to confirm that there were no Malayalee casualties; he had been
doing this 'Confirmation' ever since Iraq invaded Quwait, when the local dailies faught with one another to 'Inform' people that
there were no Malayalee casualties! In those days, he even thought how accurately Iraquees make the Malayalees move away
from the places they were going to bomb, and how concerned the Iraquees were about the Malayalees; at the least it seemed so,
by the reportage of the Malayalam Dailies, which regularly competed to Inform that there were No Malayalee Casualties, day in and day out!

The next day he read the newspaper to find out that there were Malayalee casualties. Someone died in Taj hotel in the massacre
was a Malayalee, from another district. He thought, "There are no casualties from Our District"; and read on the gruesome methods
adapted by the terrorists, in the killing of the hapless and innocent victims. When he read The NewYork Times he understood that
the persons (If they can be called persons at all) who did this heinous act were an "Audacious Group of Gunmen" and they were just "Militants fighting for the disputed land of Kashmir". He failed to understand why, when the terror strikes America it is Terrorism and when the same happens in India it becomes Militancy and the cold blooded terrorists become "A Group of Audacious Gunmen"!

The very next day the newspaper informed him that one of the Malayalees died in the Bombay Terror Attack was from his own district; he read about the unlucky fellow's life history and about his family; he thought no one from His Own Village was there......A thought of relief passed through his mind......He continued to read that India had been listed in the top 20 dangerous places to visit by 'One of the Most Intelligent and Sane U.K news papers'; he failed to recollect wheather this same Sane Newspaper listed America,when it had its own 9/11 and U.K, when the Irish Terror reigned Briton in the seventies and eighties, among the top twenty dangerous places to visit.

When the next day arrived, the newspaper informed that there was another Malayalee in the casualty list and he was from His Own Village;he was almost shocked to read the familiar name of the man from his village; he remembered some of those incidents of past where the martyred man was involved and a couple of occasions when he met him, in person; but he had a relieving thought that none of His Own Family Memebers had become a casualty and No Relative has been lost in the act of terror....

What he and all the people who read newspapers and gathered pieces of information, from each and every nook and corner of India,
who sighed with relief as they learned no one of their close relatives or family members were casualties of the Bombay terror attack,forget is each and every innocent person killed by those heartless terrorists are "Somebody Else' Close Relative or Someone Else' Family Member" and more than 150 precious and very much loved lives had been extinguished in a reckless act of terror.It is time each and every Indian stand, in every sense, very close to the bereaved families, who had lost what each of those families had considered the dearest in their lives. It is time, we all Indians think and act in the best interest of the Nation and become the boundless oceans of empathy towards those who had lost what they had cherished and loved best in thier lives! Let us all keep the memories of all those precious lives lost in the heinous act of terrorism, in our hearts, and stand above all the cast and creed and politics and be the brothers and sisters to those families who are deep in the oceans of grief.......Let Us Be The True Indians......Once & For All...!

Thursday, November 13, 2008

A Stitch In Time..........!

When the Fed said it could not bail out Lehman Brothers, the Collaspe had not started in USA! The Fed made Lehman Brothers fail by NOT bailing them out by giving the required financial aid/package! Then started the Saga of Master Failures! Fed had no choice but to back the failing
ones with billions of dollars of financial aid! If the Fed had acted in time to back up and bail out Lehman Brothers the FALL could have been averted or it would have been mild and bearable! Instead the Fed maintained foolish silence and let Lehman Brothers fail and lose the credibility
of the American Financial system, which fell like a pack of cards after the failure of one of the American Financial System's poster boys-Lehman Brothers!

Its said that people learn or should learn from their mistakes! But, it seems the Fed has not learnt what they should have learnt by now - "A stitch in time saves nine!" After all this turmoil in the financial markets and the worst ever situation after the Great Drepression, the Fed is adament on NOT giving any backing to the sinking auto industry, with the poster boy of American Auto Industry, GM, crying aloud for financial aid! The Fed is sitting tight proclaiming the liqidity crunch and quating the so called prophetic projections of the so called financial experts! What the Fed deliberately forgets is it is these same so called visionaries caused the turbulant times of the present and these same sort of miscalculated /strongley biased projections and statistics proved to be the cause of the financial debacle of the present day American Financial System!

It is said that the president elect is strongly in for the financial backing of the auto industry and the White House is not in a mood to buy his idea of backing the failing auto industry. If the financial aid is withheld or not given in time, it is going to be another disaster coming to swallow the American Financial System, with whatever credibility the system has now, getting eroded by the minute! The collapse of the auto industry will defenitly go in a very big way to help the already recessioned economy sink deeper into the financial quagmire, with the light at the end of a very long tunnel getting dimmer and dimmer by the day! It is always better to save the parts first than saving the whole thing in such a situation where nobody knows where and what are the escape routes and when the rescue brings the real relief!