Analysis of Indian news dated 22-Jul-2012
July 22, 2012
Some workers riot at Maruti risking life and safety of others. Who is responsible? Of course, the Indian government.
India does not have flexible labor policies. Once a worker is made permanent, it is very difficult to fire him, even if he riots. Workers unionize and make management even more difficult.
The solution is to have flexible labor laws. Companies should be able to fire anyone, anytime. But, politicians want votes of workers, not progress of nation. Hence, reforms are postponed.
USA threatens to take unilateral military action against Syria, even though UN vote on the same issue failed. Russia warns USA against this step.
USA is looking for a reason to displace rulers of Syria and Iran by hook or crook. Expect a “false flag” operation soon.
Colonel Honey Bakshi was handpicked to head the Technical Support Division (TSD), a new secretive unit created by General V K Singh after he took over as Army chief in March 2010. On Wednesday, the officer was admitted to the psychiatric ward of the Army Hospital. The officer has told doctors that he was being mentally harassed by some of his senior officers.
Col Bakshi was closely identified with the former Army chief (Gen Singh) throughout his tenure. With Gen Singh retiring on May 31, the new Army regime is accused of harassing officers who had once been close to Gen Singh, including Col Bakshi. Sources close to Col Bakshi’s family said he had been facing intense harassment over the past several weeks, and finally checked himself into the hospital on Wednesday.
The army men are not noble men serving the country. They are (like us) people who are doing the best job they could find; trying to maximize their personal gains. This incident just shows the weakness of Defence Minister. Being named No. 2 does not make a person powerful; he needs to show that he is still in control.
Dr. K C Chakrabarty, Deputy Governor of RBI, wants cubs on use of gold. How dare he try to tell us what we should do with our money?
Why do Indians invest in gold? The government has a huge trade deficit, huge current account deficit, falling rupee and interest rates below real inflation rate. So people are left with no choice but to invest in precious metals. Instead of reducing trade deficit, reducing current account deficit, strengthening rupee and raising interest rates; Deputy Governor of RBI wants to prohibit usage of gold. Corruption seems to be in very bones of every public servant.
Maharashtra is the first state in India to create real-estate regulator. The bill is yet to be approved by President. The more the laws,more corrupt is the government.
In Maharashtra, it takes 2 years to get permissions to build flats for low-income people. Instead of reducing regulations, Maharashtra is increasing regulations, under the guise of helping home buyers.
If Maharashtra was really interested in giving a boost to real-estate and helping home buyers, then it would have launched a single-window clearance for all real-estate projects.
Lindsay Willims had predicted nearly 20 months ago that Muslim Brotherhood will take over the middle-east countries. Muslim Brotherhood has already taken control of Egypt, after so-called elections. In Libya, Muslim Brotherhood is one of the major parties and may form the government. Now, Muslim Brotherhood is looking to seize control of Syria from Assad.
Muslim Brotherhood is supported by USA. It has nearly unlimited finance and muscle power. So it will be a winner or at least a major party, as elections are held in middle east nations.
People of Middle-east should not expect any significant change in economic policies, as Muslim Brotherhood will continue to follow policies in favor of USA.
Cristobal Montoro, the Spain’s finance minister has made a liquidity destroying proposal to tax short-term financial transactions at an astonishing 56% tax rate. Expect Spain economy to worsen in coming weeks.
Expect oil prices to decline in coming weeks. USA colluding with big banks and oil-producing countries is doing this on purpose, to cause more financial turmoil in Iran.
In India, oil prices are not falling because rupee is falling.
Central bank have increased gold-buying by 500%. This is physical metal. The economic crash is coming. Buy anything that Central banks cannot print and government cannot seize / tax.
Buy physical gold and silver to protect yourself. If you cannot touch it, you don’t own it. Exit all paper investments including ETFs, stocks, PF, PPF, NSC, etc.
goldsilvereconomy 