May 21, 2015
https://www.facebook.com/mehtarahulc/posts/10152785604271922
Gold monetization scheme == gold gambling scheme --- how NaMo and RSS-workers are converting temples and SBI into gambling houses. This the "dharam" that RSS-workers learn at their shakha.
.
When you Rs 1000 in SBI at say 10% interest , SBI and you are NOT gambling. You know that SBI will loan to someone , and your interest on deposit will come from interest SBI gets on loans. And both interests --- the interest on deposit as well as interest on loans are more or less known and fixed within a range. And what if borrower goes bust? Then YOU KNOW that RBI will print money to repay the deposit and interest and in that case inflation will make the interest gains zero and there be loss in real terms in principal as well.
.
But gold backed deposit is gambling. Let me explain how.
.
NaMo and RSS-workers are asking SBI to ask temples to deposit about 10000 tonne of gold , YES --- 10000 tonne of gold , equal to Rs 300,000 crore at rate of Rs 3000 for gram (*) , and promising to return back about 10600 tonnes at the end of 5 years.
.
Now say gold is right now Rs 3000 per gram. And what will be price after 5 years? THIS IS GAMBLING !!! IOW, no one in universe , not even God almighty, knows price of gold after 5 years. If price is Rs 3000 , then temples gained mere 6% in 5 years, which is almost nothing. But if price of gold become Rs 6000 per gram , then temples make over 100% returns in 5 years ---- which is more than any normal business would give.
Good for the temple , but the question is --- how will SBI get such return ?
.
IOW, when SBI is offering 9% on rupee deposit, SBI is NOT gambling. It is basing on ability of RBI to manufacture rupees and general market condition. But when SBI promises 1% pa return on gold, SBI is opening a gambling house !!! And temple is gambling on gold.
.
And RSS-apex-leaders Mohan Bhagwat has openly supported the proposal that Hindu temples should deposit gold in SBI for 1% pa interest !! And RSS-workers are all running from post to pillars supporting this gold gambling scheme.
.
On this issue, RSS-workers and NaMo-supporters have stooped LOWER than MMS-supporters and Congress-workers. When MMS proposed gold monetization scheme aka gold gambling scheme in aug-2013, NOT even one MMS supporter came in public to support it. Whereas EVERY RSS-worker and EVERY NaMo-supporter is OPENLY supporting this gold monetization aka gold gambling scheme , that too, where temples are asked to gamble the gold !!!
.
Solution?
.
Solution I propose is that activists should ask voters to order MP via SMS to stop this gold monetization scheme aka gold gambling scheme, and instead focus on REAL law-drafts that can reduce inefficiencies in economy --- namely JurySys , RTR-judges, Wealth tax etc
.
https://www.facebook.com/mehtarahulc/posts/10152785604271922
Gold monetization scheme == gold gambling scheme --- how NaMo and RSS-workers are converting temples and SBI into gambling houses. This the "dharam" that RSS-workers learn at their shakha.
.
When you Rs 1000 in SBI at say 10% interest , SBI and you are NOT gambling. You know that SBI will loan to someone , and your interest on deposit will come from interest SBI gets on loans. And both interests --- the interest on deposit as well as interest on loans are more or less known and fixed within a range. And what if borrower goes bust? Then YOU KNOW that RBI will print money to repay the deposit and interest and in that case inflation will make the interest gains zero and there be loss in real terms in principal as well.
.
But gold backed deposit is gambling. Let me explain how.
.
NaMo and RSS-workers are asking SBI to ask temples to deposit about 10000 tonne of gold , YES --- 10000 tonne of gold , equal to Rs 300,000 crore at rate of Rs 3000 for gram (*) , and promising to return back about 10600 tonnes at the end of 5 years.
.
Now say gold is right now Rs 3000 per gram. And what will be price after 5 years? THIS IS GAMBLING !!! IOW, no one in universe , not even God almighty, knows price of gold after 5 years. If price is Rs 3000 , then temples gained mere 6% in 5 years, which is almost nothing. But if price of gold become Rs 6000 per gram , then temples make over 100% returns in 5 years ---- which is more than any normal business would give.
Good for the temple , but the question is --- how will SBI get such return ?
.
IOW, when SBI is offering 9% on rupee deposit, SBI is NOT gambling. It is basing on ability of RBI to manufacture rupees and general market condition. But when SBI promises 1% pa return on gold, SBI is opening a gambling house !!! And temple is gambling on gold.
.
And RSS-apex-leaders Mohan Bhagwat has openly supported the proposal that Hindu temples should deposit gold in SBI for 1% pa interest !! And RSS-workers are all running from post to pillars supporting this gold gambling scheme.
.
On this issue, RSS-workers and NaMo-supporters have stooped LOWER than MMS-supporters and Congress-workers. When MMS proposed gold monetization scheme aka gold gambling scheme in aug-2013, NOT even one MMS supporter came in public to support it. Whereas EVERY RSS-worker and EVERY NaMo-supporter is OPENLY supporting this gold monetization aka gold gambling scheme , that too, where temples are asked to gamble the gold !!!
.
Solution?
.
Solution I propose is that activists should ask voters to order MP via SMS to stop this gold monetization scheme aka gold gambling scheme, and instead focus on REAL law-drafts that can reduce inefficiencies in economy --- namely JurySys , RTR-judges, Wealth tax etc
.
No comments:
Post a Comment