INDIA - like China - Maharajas lose Billions
printINDIA - like China - Maharajas lose Billions
What's about India? - Maharajas lose billions
With China all seems very clear: All media talk of future big influence a strong China, in level of USA, Europe or even higher. Can't they see the HOUSE of CARDS, the bubble there is, in China, 1300 million folks with shaky financial structures, an ecologic situation that cannot be cured with millions, fantasia land with exports, constructions, cheapness - and rotten air in Mega-Towns and undrinkable water from their rivers and lakes.
There is a funny thing with editors: They have a horizon of intellect of one year at the highest - and they are even proud of it. They never see very important matters coming - and when the disasters are here, like with WALL STREET CRASH, they just administrate the surroundings and still get nothing of the fundamentals.
Okay - it's the same with Obama and his Greenspan trained Ministers, in fact with all governments and parliaments in this world, but somehow I was convinced that folks who learn NEWS Business, would be somehow above most narrow-minded politicians, who have never time to think in depth about their world craze. And when coming to the big heads of Dynamite Prize holders, wanting after Friedman sing the destructive songs of Keynes, I finally know without a shadow of a doubt that not India alone gets lost now.
How to know - all the more India seems to be a Land with 7 Seals?
Somehow this INDIA, with over one billion folks, seems to get away with the world-wide Clash of economy, being bound to last for some other 5 to 10 years, because all politicians and experts in economy, all CEO and bankers, have not yet understood that in a huge MOOR AREA, no new banks, skyscrapers or industries can be built, not even if credits would again be available - since they would be drowning in a bath of trillions in zero value papers, still in Balance Sheets of ten thousands of banks, companies and funds.
My prediction is completely different to mainstream - as INDIA is concerned. I guess India is comparable to China in most respects:
1. In the year 2008, the rich tycoons (Maharajas of Modern Times) of India have lost between 50 and 95 percent of their fortunes: Construction DLF Kushal Pal Singh loses about 25 billion Dollar, communication Anil Ambani 32 billion Dollar, his brother oil Mukesh Ambani 23 billion Dollar, iron Lakshmi Mittal 26 billion Dollar, Tata Nano car RatanTata does not even know how much he lost, since all is dependent on the sale of his little car Nano, meant to be blocking the rest of Mega-Towns.
2. Indian experts in economics say that India just goes through a little dent, a short period of recession, not yet depression. But that it will be coming, the great time of India with huge rates of Growth. But exactly Greed and Growth is the stuff behind the downfall of Wall Street, USA, China and world problems in economy, ecology, culture and missing sight of media. Why should a land like India that could not even survive with 500 million folks, taking profit from future growth rates? All experts in this money world have become crazy and stupid - and still don't guess it.
3. In an article about India I have read, experts out of the West think that the immense power of "silent or grey commerce" in India will finally save this country. Funny enough: I hear about millions of peasants in India getting in despair and drinking poison, workers losing in masses their jobs, millions try to stay at life with smallest commercial units, IT industry losing in masses the world demand, Cities getting out of gas, for having too much gas in the air and making a business by selling water to the poorest, lacking any sorts of energy stuff - and all the more, India is still the Nation of the Future, together with China? Some brains have stopped to reflect.
4. The gap between the rich and the poor becomes greater in all lands, but particularly high in India. No problem? If you are rich, guy or elegant chicken, you should start to think---- Although the rich Junk living on cost of the masses, evading all tax charges with help of accounting firms and lawyers, lose now billions of their over-valued fortune, but still the gap gets greater, because Middle Class brakes away and the masses of the Poor explode. And this state of affairs will continue in all future and not be reversed - unless the richest idiots become poor themselves. And they will----
Summarizing a nice situation of economics
India was living on the precious soil, wide lands and clean rivers, they had once. However, they spoiled it by Laws of Masses. And in addition, in the past, Indians took profit from crazy-gone demand for IT services, phone centres, cheap workers for industry, intelligent engineers and other industrial masters out of Indian and U.S. Universities.
It was foreseeable that such kind of modern richness would come to an end.
Compare to Russia: Contrary of China, India, Europe, USA etc. this Russia still has lots of land with unexplored material, oil, gas and huge landscapes for very little number in folks. They have rivers not yet poisoned, large seas, huge area far away from Moscow where the air is not the best due to worldwide diffusing trillions of tons of poison in the small cushion of the geo-sphere, but still better than in any area of the Globe, except Switzerland above 2000 metres.
And why nobody bets on Russia? Because editors, journalists, Dynamite Prize holders, politicians, literature big shots and other experts have a intellectual sight and horizon of one year and not reaching Mount Everest, but the next hill in front of their eyes. As long as the world's explosion of population is not seen as the biggest problem for our future humanity - but blaming instead the helpless governments and banks for an incurable situation instead, this brainless humanity cannot be stopped on the way down the drain to Hell.
India lost
India lost? Absolutely sure - perhaps, a little bit less than China and some other lands with overpopulation, ecological disasters in constant increase, or living in financial houses of cards, possessing no clear sight on a feasible future.
But still - India should hide its face in shame. Blindness and incapability demands his price. And learn: Who wants to see the future of humanity in most areas in the world, just gets a short glance on realities in India, today.
One can well be positive - but there must be limits in stupidity when thinking about real facts - and still wanting to live in a world of Hollywood Fairy-Tales.
Friedman and Keynes - just as illusive as Indian politics
'Friedman or Keynes Theorems', both systems are full of errors as written in my article "Friedman and Keynes - 2009 Craziness in Freedom of Markets" when applied in situations of Chaos, in masses and without seeing the limits of feasibility, when governed by blind mice in industrial Capitalism.
In this sense, economic Theories of Friedman and Keynes are equally destructive if the Masters of the Universe, our political and economic Heroes, understand nothing of complex systems.
It's like with Formula One in Monaco: All could know that such stupid RACES are crazy, still in the year 2009 - but all brainless folks clap hands and find stupidity of the highest a real great Hype. Only some persons with highest intellect - and future masses of folks - will see why Hypes on worldwide scale, the whole matter of human economics since 1900, were a human craze from the start.
High intellect is not all in this world - but without high intellect, all is nothing.
Rene Delavy, Berlin and Bournemouth
Author of "Friedman and Keynes - Both Systems lead to Disaster" / "Out of China - present and future prospects" / "USA a hegemonic Rogue State" / "Soon, all Banks will be Pleite (2007)" / "Explaining the political, economic, ecologic situation in our Future" / "End of Humanity - Loss and End of Reality" etc.