Now some indiscernible character sitting up there ( nobody knows where exactly) decides that its time to play bulls and bears. He says, "Let the prices of gold be as unstable as the Pakistani Government. Let the markets all over the globe crash and may Dubya be blessed to think of another 'invasion' to assure unaffordable oil prices. " The moment the motion is passed in those legislative halls which are tough to locate, some insurance firm decides to call it a day and the CEO runs away with the entire booty and the news spreads like wild fire that the company is now bankrupt. One bankruptcy leads to another and half of the financial concerns are on the verge of plunging into the deep chasms of oblivion and cries of 'MAY DAY! MAY DAY!' rent the skies as we face a 'sudden financial crisis'. The firms have their web spread all over the world and their bankruptcy results in unemployment in almost all the nations. Millions of people leave their office cubicles with their family photos, packets of chips and anything and everything they had stored in their desks. Countries like India -where a placement in a company whose name is as western sounding as possible is considered to be God's gift- face a surprise situation because most of the recently graduated people lose their jobs. Job portals earn money like a Vada Pav stall in front of a railway station. Lesser known countries like Papua New Guinea and Zambia benefit from this collapse in global markets because they are ready to welcome a batch of Indian migrants hunting for odd jobs like rubber-tapping and tea-plantation managing. Mugabe has a loud laugh because now he can proudly say that his is not the only country which is going to be bankrupt in the near future and then he resumes planning a 100 billion currency note. BPOs and Call Centres across India agree to sign contracts with Lijjat Papad and Nirma Washing Powder because their employers in the USA cannot afford to pumps millions of dollars for substandard teleservice. Reserve Banks and Central Banks and Government Treasuries then add a couple of billion dollars in their reserves (why don't they do that regularly....would prevent the periodic much ado about nothing). Dimitri Medvedev realises that it's time for a small family vacation in Russkiland and closes stock markets for a week as thousands of Russians head towards Verkhoyansk for a midsummer party. BBC World enjoys a lot because they have always derived pleasure out of showing malnourished children in the Third World countries and now they can even show people scampering for loaves of bread in flood-hit areas where people can't spell RECESSION. So the moral of the story is that if one person sneezes in Uncle Sam's homeland, the world catches a cold. Interdependence of economies and the price of dollar...blah blah
If it's we who have invented currency, why can't we control the economy? Who causes this instability? There are reasons. I agree. But shouldn't we decide that we have had enough of inflation and recession and related nouns. I request the global financial controller in his chamber in the unknown legislative house to declare that the position is stable. He must also declare that every nation has now got 1000 Wood 1000 Food 1000 Gold and 1000 Stone to start with and may the lumberjacks cry 'TIMBER......'. I think I must limit my Age of Empires playing time. What say?
Saturday 20 September 2008
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6 comments:
as always a good post dude...
the current turmoil in us financial system is a portent of future shift of power..Uncle Sam's days are over..the world is returning to normal state..the remote control will very soon be in the hands of asian countries...(i hope its India)
yeah man....the projection that the world economies will be lined up in a new order is terrifying them...it's going to be
1.china
2.India
3.USA
I say within a couple of years , there is going to be a tremendous financial boom.
As far as the ripples of the US crashdown go, i dont think its possible for any state to insulate themselves from the US markets.
Your order of the countries is true and if India truly utilizes its "population potential" then we can soon be no.1!
(shocked again eh?!)
shocked to see ur serious side.....iem cha khup abhyas kela aahes!
congratulations hardik.........
thanks Prasad!
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