Shri Manmohan Singh Did What?!!!
By Gobind Singh. New Delhi.
It seems our Prime Minister Shri Manmohan Singh and our Secretary in the Department of Economic Affairs Shri R Gopalan have done the unthinkable. Under bright lights of luxurious and opulent convention halls, and after many rounds of champagne, they have given (pledged) away to IMF USD 10 billion ( Rs. 57,000 Crores) of Indians’ hard earned money for so called Bailout Fund for European Union.
To assuage any ruffled feelings of starving Indians our Prime Minister has a palliative. “The amount we contribute is entirely liquid, in the sense that the International Monetary Fund (IMF) assures contributors that it will be available whenever needed. It will, therefore, continue to form part of our reserves,” Prime Minister Manmohan Singh said in a statement (Indian Express, 20 June, 2012). Only a moron can fall for such a big fraud. If money remains available why do they need it from us? And Shri Manmohan Singh is no moron, neither is Shri R Gopalan. If they are not morons, are they traitors? I do not believe it. So what is other possible explanation? Pressure from high-command to send more money to Italy/EU? Again an unthinkable idea! But still they have done it!
“The officials explained that the situation has not reached a point where the funds committed by Singh at the G-20 Summit yesterday would have to be transferred to the IMF” (Indian Express, 20 June, 2012) . But the point is that situation is much beyond that. Whom are they trying to fool? According to Shri R Gopalan, Secretary in the Department of Economic Affairs, “the country may not be called upon to give the money if the world situation gets better.” How can he say that? Not even EU officials know what is going to happen. If anything, indicators are that Euro, and also the entire global monetary system of the world, is on a brink. In such times you keep your reserves uncommitted, and in gold, and at home. All other actions have serious counter party risks.
Everyone now knows that what is going on in EU is a mother of all Ponzi schemes. Banks are wilfully lending to EU nation states such amounts of money that they cannot repay. When the EU nations fail to pay their instalments of debt and interest, war cries go up in the air, “Bailout, Bailout, Bailout”. Everyone is supposed to bailout that country, when in effect the bailout is not for that nation, it is for private banks that are waiting in the wings for their interest with bated breath. So after “bailout” the nation is indebted to IMF, World Bank, European Central Bank, for a still higher amount. Its government is pressurised to raise taxes, cut spending on its citizens, and common people have to work like slaves to pay it all. Juicier still, democracy in such countries is sabotaged and the country is taken over by the bankers. This has happened recently in both Greece and Italy. This coup was not reported in any newspaper or television. Why? Your guess is as good as mine.
“The Declaration indicates that Multilateral Development Banks should be strengthened for this purpose. We would work with G-20 countries to transform their commitment to specific action,” Singh added. Why is that? Shri Manmohan Singh needs to strengthen India and not big foreign banks. Is he working for India or for foreign (so called multi-lateral) banks? If he is working for the latter, he should first honestly resign from the post of Prime Minister of India. Other G20 heads may be bank nominees, he is not. We supposedly elected him. Oh, they almost forgot, the summit also discussed a number of other issues including the progress in regulatory reform (more juice for foreigners), issue of food security and agricultural productivity, anti-corruption measures and issues related to green growth, Singh said.
Coming back to our home, whose money is that which they have given away? Is that a (forced) loan to Government of India from private holders of those reserves? Is Government of India taking loan on its sovereign credit to lend it back to drunkards? Is that tax money? Lawfully you cannot tax Indians to pay to Europeans , directly or through any (fraudulent) mechanism whatsoever. Where is the appropriation bill for this? Was this in budget? Was it discussed in Parliament? The whole action is prima-facie unlawful, howsoever fancifully it maybe couched.
Then what about Rs.10,000 Crores needed for building defence roads on our border with China? No money for that? And Rs. 57,000 Crores for big fat European banks?
I smell treason. Keep the hangman’s noose ready.