Analysis of Indian news dated 24-Jul-2012
July 24, 2012
First Spain imposed a tax on short-term financial transactions at an astonishing 56%. Now, Spain bans short selling in stock market, derivatives, OTC instruments.
Also, Italy has banned short selling in financial stocks.
Europe is not near recovery. It is near break-up. Europe has following options:
- Hyper inflate the debt away by printing trillions of Euros. This is the worst option.
- Impose severe austerity measures. This is a bad option because Europeans will become debt-slaves for generations.
- Default on the debt. Impose austerity to hence-forth live within means. This is the best option, but bankers (who give huge donations to politicians) will lose. So European government seems hesitant to use this option. Citizens should fight for this option.
Freedom is not free; the price of Freedom has to be paid with the blood of Martyrs and Exploiters. If even a small percentage of Europeans are willing to die and KILL for their country, the bankers and corrupt governments will lose. If most people are cowards in Europe, then they deserve to suffer.
Some CMs (Chief Ministers) are asking for a rollback in petrol price rise.
Petrol has been decontrolled. Its price will change when international prices change or rupee exchange rate fluctuates. These CMs don’t understand the meaning of decontrol or petrol has not really been decontrolled?
Taxes on fuel should be reduced to reduce the final price of consumer.
IT industry is saying that labor laws should not be applicable to it. They are right partially. Labor laws are not needed in ANY industry.
It is in the interest of companies to treat employees fairly. Companies that mis-treat employees lose valuable employees. Employment is an agreement between company and employee; the government has no role to play here.
Either labor laws should be applicable to everyone or no one; no exemptions. All industries have similar interest in employee well-being.
USA uses depleted Uranium against its enemies, but says Syria should not use chemical arms in case of war.
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.
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