There is a story that I was told as a kid.
In a village once appeared a Sadhu who said that he could double the Gold coins in one night (if anyone gave them to him) by his powers. Many a gullible villagers trusted the holy man and gave all their savings to him. The Sadhu closed the doors of his hut and started the meditation during the night. The next morning the eager villagers collected before the hut to discover that neither the Sadhu was there nor their money. While some wise men counseled those who had lost money, others rebuked them for their foolishness to believe that money would double like that.
My belief that there is no formula to multiply money other than the hard work continued till I joined my Finance classes. I then discovered that if one does a short, a put, a future, a swap, a forward, a monkey, a few trenches, some formulas and a few excel sheets- THE MONEY GROWS! No hard work, no sweating in the Sun and still the money grows sitting in front of a box. So the Sadhu was back again.
Actually speaking I was never convinced that money could grow just by going through a few formulas. If that were true, the Buas, the mausis and the phoophis in our villages who learn so many Banna, banni, bhajan songs despite being illiterate would have all memorized those formulas and multiplied money. So beyond that I fell asleep in the lecture.
I believed there was always some loophole and Sadhu could not be back. The loophole or the possibility of multiplying money is that, somewhere in the cycle, someone has to generate wealth for others or the money wouldn’t grow.
In pre-independence India, in Bengal there were instances of upto 40 tiers of Zamindars- each subletting his Zamindari to the next for a premium for himself. The wealth there was created by the tiller who produced the grain (converting earth into grain), which could be consumed or sold for profit that everyone else would distribute amongst themselves.
In the present era, the hierarchies were not that long. The interest rates offered were like 2%, 8%, 15%. 25% and 35% while the short, the put, the future, the swap, the trench, the forward, the backward and the monkey and the excel sheet helped each investor to believe that his money would grow. The banker, the venture capitalist, the investment banker and the Private Equity player made their margins through their jugglery and there was massive consumption at all the levels. People rolled in luxury.
So where was the wealth coming from- from the tiller again? Not much different. As shelter would be the second most basic necessity after food for human beings, it is as exploitable one.
The lack of infrastructure and the need of security in haphazardly grown metros force the newcomers to pay massive premium for the housing. That earns ugly profit for the financial wizards for the Bull *&*&, they may sell in whatever name if they are able to sell a few houses.
And wherever this is happening, it is a clear indicator of non performance of the Governments in place in providing even the most fundamental services to its citizens. (I personally believe that safe and secure housing is as fundamental a civil right as the non measurable ones like freedom and equalities)
So no wonder if a calamity has struck somewhere, it is in the rule of the wisest prince that ever ruled that land. While one spends quality time in playing Beat One! Beat All! I Win! Yoyo! Housing, Banking and Economy take a beating. One would wonder if this could have happened in the times of J’s, K’s and L’s.
In one of my postings I had come across a sick PSU which had once received a massive revival grant. Any one having seen such instances would vouch that it is easiest to pilfer when the controls are loosening. So whatever was invested evaporated in thin air.
History repeats itself. People who reaped the harvest of massive pilferage through a power company were from across the countries. Those old and retired investors who lost their pension funds were mostly from within a country. This happened as a proud father made the famous, ‘You are almost like my son’, speech in front of camera.
Like the father, like the son! Sunny wants to handover a fortune to people, who sit on the Roofstreet for causing the rot. Again in a global era, the beneficiaries should be from across the borders. And as the elections are fought on money, even the would be successor and the would be- could not succeed- are also supporting the package.
But for an ailing economy, this could be the last drain of wealth, which could take it to a stage of ‘no return to recovery’. But somewhere some wisdom is left and that is the reason, despite fighting unnecessary wars for the purpose of creating wealth for the multinational oil companies and their well wishers, a country goes on.
There is another story I was told as a young kid which I want to tell, please endure! An old father was very worried about the fate of his four lazy sons when he would die. When his last time came he gave them a mantra, he had hidden a lot of gold somewhere in their fields. When the father died the lazy sons reached the field cursing their late father that why could he not tell where the gold was actually buried.
They searched, they searched and they searched on, till they realized that they had dug all their fields and there was no trace of gold. Grumbling the sons decided that since the fields had already been dug, they should atleast sow some seeds. They threw a few seeds here and a few seeds there and got back to their home blaming their dead father. Then they forgot about the gold thing. In a few months time someone told them their fields had had a bumper crop which was ripe and golden, ready to be harvested. The sons got filthy rich again.
I have one advice to the non existent reader- unless you wish to steal the money, don’t ask for revival packages. You have huge lands and I have buried a lot of gold at seven spots. Now it is up to you to identify them and get rich. Take all the Ceilingstreet fellows with you, to dig the ground along with you, and you will be rich again in four months.
In a village once appeared a Sadhu who said that he could double the Gold coins in one night (if anyone gave them to him) by his powers. Many a gullible villagers trusted the holy man and gave all their savings to him. The Sadhu closed the doors of his hut and started the meditation during the night. The next morning the eager villagers collected before the hut to discover that neither the Sadhu was there nor their money. While some wise men counseled those who had lost money, others rebuked them for their foolishness to believe that money would double like that.
My belief that there is no formula to multiply money other than the hard work continued till I joined my Finance classes. I then discovered that if one does a short, a put, a future, a swap, a forward, a monkey, a few trenches, some formulas and a few excel sheets- THE MONEY GROWS! No hard work, no sweating in the Sun and still the money grows sitting in front of a box. So the Sadhu was back again.
Actually speaking I was never convinced that money could grow just by going through a few formulas. If that were true, the Buas, the mausis and the phoophis in our villages who learn so many Banna, banni, bhajan songs despite being illiterate would have all memorized those formulas and multiplied money. So beyond that I fell asleep in the lecture.
I believed there was always some loophole and Sadhu could not be back. The loophole or the possibility of multiplying money is that, somewhere in the cycle, someone has to generate wealth for others or the money wouldn’t grow.
In pre-independence India, in Bengal there were instances of upto 40 tiers of Zamindars- each subletting his Zamindari to the next for a premium for himself. The wealth there was created by the tiller who produced the grain (converting earth into grain), which could be consumed or sold for profit that everyone else would distribute amongst themselves.
In the present era, the hierarchies were not that long. The interest rates offered were like 2%, 8%, 15%. 25% and 35% while the short, the put, the future, the swap, the trench, the forward, the backward and the monkey and the excel sheet helped each investor to believe that his money would grow. The banker, the venture capitalist, the investment banker and the Private Equity player made their margins through their jugglery and there was massive consumption at all the levels. People rolled in luxury.
So where was the wealth coming from- from the tiller again? Not much different. As shelter would be the second most basic necessity after food for human beings, it is as exploitable one.
The lack of infrastructure and the need of security in haphazardly grown metros force the newcomers to pay massive premium for the housing. That earns ugly profit for the financial wizards for the Bull *&*&, they may sell in whatever name if they are able to sell a few houses.
And wherever this is happening, it is a clear indicator of non performance of the Governments in place in providing even the most fundamental services to its citizens. (I personally believe that safe and secure housing is as fundamental a civil right as the non measurable ones like freedom and equalities)
So no wonder if a calamity has struck somewhere, it is in the rule of the wisest prince that ever ruled that land. While one spends quality time in playing Beat One! Beat All! I Win! Yoyo! Housing, Banking and Economy take a beating. One would wonder if this could have happened in the times of J’s, K’s and L’s.
In one of my postings I had come across a sick PSU which had once received a massive revival grant. Any one having seen such instances would vouch that it is easiest to pilfer when the controls are loosening. So whatever was invested evaporated in thin air.
History repeats itself. People who reaped the harvest of massive pilferage through a power company were from across the countries. Those old and retired investors who lost their pension funds were mostly from within a country. This happened as a proud father made the famous, ‘You are almost like my son’, speech in front of camera.
Like the father, like the son! Sunny wants to handover a fortune to people, who sit on the Roofstreet for causing the rot. Again in a global era, the beneficiaries should be from across the borders. And as the elections are fought on money, even the would be successor and the would be- could not succeed- are also supporting the package.
But for an ailing economy, this could be the last drain of wealth, which could take it to a stage of ‘no return to recovery’. But somewhere some wisdom is left and that is the reason, despite fighting unnecessary wars for the purpose of creating wealth for the multinational oil companies and their well wishers, a country goes on.
There is another story I was told as a young kid which I want to tell, please endure! An old father was very worried about the fate of his four lazy sons when he would die. When his last time came he gave them a mantra, he had hidden a lot of gold somewhere in their fields. When the father died the lazy sons reached the field cursing their late father that why could he not tell where the gold was actually buried.
They searched, they searched and they searched on, till they realized that they had dug all their fields and there was no trace of gold. Grumbling the sons decided that since the fields had already been dug, they should atleast sow some seeds. They threw a few seeds here and a few seeds there and got back to their home blaming their dead father. Then they forgot about the gold thing. In a few months time someone told them their fields had had a bumper crop which was ripe and golden, ready to be harvested. The sons got filthy rich again.
I have one advice to the non existent reader- unless you wish to steal the money, don’t ask for revival packages. You have huge lands and I have buried a lot of gold at seven spots. Now it is up to you to identify them and get rich. Take all the Ceilingstreet fellows with you, to dig the ground along with you, and you will be rich again in four months.
