1.Timothy Geithner, in about 2009/2010,during his visit to India asked Shri Pranab Mukherjee,the then Finance minister of India, to "STRENGTHEN",the stock,Currency and Commodities markets.
2.Of late there are talks of "strengthening" the Indian Bond markets too.
3.These are for:-
i.Transfer of wealth from the Middle Class to the rich
ii.Misusing the Derivatives for items i and iii
iii.Merger And Acquisitions of Cos,thus usurping power in a nation by cornering its wealth
iv.To Divest out of the PSUs for item iii above
v.To PREVENT,investment in tangibles,like the precious metals[Gold,Silver,Platinum,Palladium etc], to keep the FIAT US Dollar strong.
4.The rich can make money, without much effort, via the Capital Markets while the Middle Class and the poor toil and lose their wealth due to Inflation,and hence EROSION,which helps Asset Bubbles and hence the rich, who hold and Trade in Asset Classes.
And Westerners are quite rich!They misuse Globalization for access to all the nations of the World.
5.Even a part of the money in the Derivatives,in the virtual Economy,if diverted to the Real Economy,like doing Business in Tangibles,producing etc,the Global economy will flourish.
Derivatives are the Elephant in the room,ignored,deliberately by those concerned.
The Global Financial Architecture and Trade Rules have to be modified,for the World to have a semblance of recovery.
Will be updated.............
2.Of late there are talks of "strengthening" the Indian Bond markets too.
3.These are for:-
i.Transfer of wealth from the Middle Class to the rich
ii.Misusing the Derivatives for items i and iii
iii.Merger And Acquisitions of Cos,thus usurping power in a nation by cornering its wealth
iv.To Divest out of the PSUs for item iii above
v.To PREVENT,investment in tangibles,like the precious metals[Gold,Silver,Platinum,Palladium etc], to keep the FIAT US Dollar strong.
4.The rich can make money, without much effort, via the Capital Markets while the Middle Class and the poor toil and lose their wealth due to Inflation,and hence EROSION,which helps Asset Bubbles and hence the rich, who hold and Trade in Asset Classes.
And Westerners are quite rich!They misuse Globalization for access to all the nations of the World.
5.Even a part of the money in the Derivatives,in the virtual Economy,if diverted to the Real Economy,like doing Business in Tangibles,producing etc,the Global economy will flourish.
Derivatives are the Elephant in the room,ignored,deliberately by those concerned.
The Global Financial Architecture and Trade Rules have to be modified,for the World to have a semblance of recovery.
Will be updated.............
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