Economists , bankers ,stock brokers ,online traders , credit card suppliers ,real estate brokers a horde of others use highly technical jargon to confuse simple souls like us. Recession,economic melt down,liquidity ratio,book profits,immovable assets ,portfolio management , and participatory notes. Ignore the technical jargon. Leave these terms to those who seek a PhD., in economics.
Indian earners are daily wage earners,weekly earners,monthly earners ,blue collar earners ,white collar earners and those who need no collar to earn. I call them black collar earners.
Every time an item is purchased /sold unofficially without written proof the money called black money goes to black collar earners doing business in black markets
Large quantities of hard earned honestly acquired money is received by Realtors ,bullion merchants,whole sale rs, politicians , film personalities ,drug mafia,illegal arms dealers and the like . This money is not invested. It is stored in personal and bank lockers. Such money can not buy anything legally.
Honest citizens feel acute and critical shortage of liquid money when they need it most. Their own money spent for those who deceive them using scientific jargon can not buy for them anything. It is not even state owned. If it is privately owned none can touch it
CURRENCY AND GOLD ARE THUS IMMOVABLE PROPERTIES
CAN WE DO SOMETHING ABOUT IT ?
Tuesday, August 25, 2009
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