Comrades,
ARE THE INSTRUMENTS AND PROCESSES USED BY BANKS TO INCREASE THE AVAILABILITY OF CHEAP FINANCE FOR SUPPOSED GROWTH REALLY MEANT TO SAFEGUARD THE RICH AMASSING MORE MONEY AND WEALTH BRINGING IN THE MALADY OF CONCENTRATION OF WEALTH IN THE HANDS OF FEW .The malady of concentration of wealth in the hands of few as is seen in capitalist countries and everywhere in the world are the result of Government assisted faulty prolices and laws . In the name of providing loans at cheap interest rates to multinational and commercial purposes using the Concept of slashing interest rates on deposit's accepted by banks from public is rather condemnable…Fixed deposits belong generally to financially not well off people who in the middle ages or evening of their life is faced with the problem of no work or not able to work resulting in lack of money for day to day expenses .This problem these people try to overcome by accumulating fixed deposits in banks or other financial concerns using their hard earned money while working .
When interest are slashed without any warning or permission from the fixed depositors naturally it is stealing the money from the hands of these people whose income is reduced with the reduced capacity for buying and living comfortably.. Just for providing cheap finance to business concerns who actually earns profits on the scores of hundred and thousand percent annually is rather disturbing and detrimental for the welfare of the common people .This causes erosion of money in the hands of common people and consequently purchases will decline and the economy will suffer .These type of faulty tactics will only ensure that money is there only with the rich and business class who gets loans and finance on cheap interests on the pretext of business and industry. Money will be there only to support the affluent living of the rich and super rich When cheap finance is available fraudsters come or rush in to make a quick buck they bring in tens of millions and take out hundreds of millions of the country's resources…..Growth cannot go on and on in one product as is obvious from the Law of diminishing marginal unity .Any product if produced in more that much required will lose market and cause loss….. Resulting the companies set up with peoples money stolen by slashing the interest from reasonable levels on their deposits .collapsing .The utility which is got from growth will be nil if growth is uncontrolled and goes on as is explicit from the Law of Diminishing marginal utility theory…….The utility which one gets from eating the first orange is great ..then the utility that one gets from the second orange diminishes and will go on diminishing with every subsequent orange….. going on to a level when one gets no utility from eating another orange. This operates in growth also , When growth goes on it reaches a stage where there is no utility with growth resulting in tapering off and slump. Everyone knows that any producers or manufactures will earn at least twenty percent profit that is on selling. If the product is sold out in a day the profit is twenty percent daily or if its is sold out in a month its monthly profit ..daily profit of twenty percent work out to two hundred and forty percent annually. When such profit is there what is the difficulty in giving a reasonable interest say twelve percent to fourteen percent to banks . No genuine entrepreneurs will default or recant .
Thus there is the need to reconsider and streamline the interest of the general public while giving cheap capital to the business word. The polices should not be detrimental to the interest of people or their income. With the decrease in interest rates to very low levels of course it's an attraction to the fraudster speculator to make a quick buck by bringing in unviable industries and on the pretext of making a big investment take huge finance and syphon off the same to their places causing drainage of resources meant for peoples welfare .Billions are lost through fraud companies and concerns who using the cheap finance ,concessions' and other assistance provided by Government set up namesake concerns to make a quick buck through fraud .
Now days cars and motor vehicles are full on the road…its difficult to even move on properly on the road due to congestion and traffic jam. All most all people having some money has cars and many are kept at home and sparingly used. Car companies are innumerable and are flooding the market with innumerable models…When people have enough cars in good condition and is using them sparingly people will not buy much cars except snobs and filthy rich who want to show off their wealth and affluence. When this happens there will naturally be a glut and reduced sale of cars…Saying that the car companies are on the loss so the government has to support them by making the people buy cars even though there is no need for them . Forcing people to scrap their old cars and forcing them by law to buy new cars is rather inhuman. This is also snatching hard earned money from the general people and giving it to the rich entrepreneur's .In these cases where is the freedoms granted and conferred on the people by the constitution etc. Isnt this day light robbery with government aid. Except when a new car say an all-electric car comes in there is no scope of further growth and growth always in the car sector.
The Government who is duty bound to protect the peoples welfare and rights is made to deprive the people of their hard earned money and wealth by cunning,crafty business men who are concerned only with the increase in their wealth.
No wonder the rich in United States of America and all over the globe goes on becoming rich and the wealth is concentrated in the hands of few. By defective polices contrived by the machinations and the deceitful means of the crafty rich to earn more wealth if not detected by the government will bring in concentration of wealth in the hands of the few and consequent exploitation of general public .Sustained optimum development or growth is the necessity of the hour. Development should not be coming into being five hotels when one two will serve the needs ..all with government cheap finance and later three collapsing ….Ho five new hotels has come its great development so much money is invested and its sheer growth…ha ha ah its all peoples money in the hands of the supposed business man exploiting the cheap interest rates and later the supposed growth capsizing and all money and development gone. . There is no meaning in this type of development detrimental to the interest of the people and the nations. There are only two things on which The economics law of The law of diminishing marginal utility wont operate that is 1. Money and 2 Power. Hope the concerned people will look into these aspects of development and bring in necessary corrections for a sustained growth or development so that peoples welfare and rights will be well protected. Striving for economic fairness is a fundamental duty of the Government of India and its the duty fo the Governments of Nations in the world to see that their people has enough to lead a comfortable happy life and gets fair returns from wealth ,effort and money .. It seems that the instruments intended to control the money markets or markets are heavily loaded in favor of the rich and contrived to secure the welfare and super luxury living the huge entrepreneurs many of whom squander and the banks write of lakhs of crores of their fraud lost money . A percentage of this will be sufficient to cater to the needs of the at least old people.No reluctance in writing off huge sums for favoring the rich but no money to give some relief to the poor.
ARE THE INSTRUMENTS AND PROCESSES USED BY BANKS TO INCREASE THE AVAILABILITY OF CHEAP FINANCE FOR SUPPOSED GROWTH REALLY MEANT TO SAFEGUARD THE RICH AMASSING MORE MONEY AND WEALTH BRINGING IN THE MALADY OF CONCENTRATION OF WEALTH IN THE HANDS OF FEW .The malady of concentration of wealth in the hands of few as is seen in capitalist countries and everywhere in the world are the result of Government assisted faulty prolices and laws . In the name of providing loans at cheap interest rates to multinational and commercial purposes using the Concept of slashing interest rates on deposit's accepted by banks from public is rather condemnable…Fixed deposits belong generally to financially not well off people who in the middle ages or evening of their life is faced with the problem of no work or not able to work resulting in lack of money for day to day expenses .This problem these people try to overcome by accumulating fixed deposits in banks or other financial concerns using their hard earned money while working .
When interest are slashed without any warning or permission from the fixed depositors naturally it is stealing the money from the hands of these people whose income is reduced with the reduced capacity for buying and living comfortably.. Just for providing cheap finance to business concerns who actually earns profits on the scores of hundred and thousand percent annually is rather disturbing and detrimental for the welfare of the common people .This causes erosion of money in the hands of common people and consequently purchases will decline and the economy will suffer .These type of faulty tactics will only ensure that money is there only with the rich and business class who gets loans and finance on cheap interests on the pretext of business and industry. Money will be there only to support the affluent living of the rich and super rich When cheap finance is available fraudsters come or rush in to make a quick buck they bring in tens of millions and take out hundreds of millions of the country's resources…..Growth cannot go on and on in one product as is obvious from the Law of diminishing marginal unity .Any product if produced in more that much required will lose market and cause loss….. Resulting the companies set up with peoples money stolen by slashing the interest from reasonable levels on their deposits .collapsing .The utility which is got from growth will be nil if growth is uncontrolled and goes on as is explicit from the Law of Diminishing marginal utility theory…….The utility which one gets from eating the first orange is great ..then the utility that one gets from the second orange diminishes and will go on diminishing with every subsequent orange….. going on to a level when one gets no utility from eating another orange. This operates in growth also , When growth goes on it reaches a stage where there is no utility with growth resulting in tapering off and slump. Everyone knows that any producers or manufactures will earn at least twenty percent profit that is on selling. If the product is sold out in a day the profit is twenty percent daily or if its is sold out in a month its monthly profit ..daily profit of twenty percent work out to two hundred and forty percent annually. When such profit is there what is the difficulty in giving a reasonable interest say twelve percent to fourteen percent to banks . No genuine entrepreneurs will default or recant .
Thus there is the need to reconsider and streamline the interest of the general public while giving cheap capital to the business word. The polices should not be detrimental to the interest of people or their income. With the decrease in interest rates to very low levels of course it's an attraction to the fraudster speculator to make a quick buck by bringing in unviable industries and on the pretext of making a big investment take huge finance and syphon off the same to their places causing drainage of resources meant for peoples welfare .Billions are lost through fraud companies and concerns who using the cheap finance ,concessions' and other assistance provided by Government set up namesake concerns to make a quick buck through fraud .
Now days cars and motor vehicles are full on the road…its difficult to even move on properly on the road due to congestion and traffic jam. All most all people having some money has cars and many are kept at home and sparingly used. Car companies are innumerable and are flooding the market with innumerable models…When people have enough cars in good condition and is using them sparingly people will not buy much cars except snobs and filthy rich who want to show off their wealth and affluence. When this happens there will naturally be a glut and reduced sale of cars…Saying that the car companies are on the loss so the government has to support them by making the people buy cars even though there is no need for them . Forcing people to scrap their old cars and forcing them by law to buy new cars is rather inhuman. This is also snatching hard earned money from the general people and giving it to the rich entrepreneur's .In these cases where is the freedoms granted and conferred on the people by the constitution etc. Isnt this day light robbery with government aid. Except when a new car say an all-electric car comes in there is no scope of further growth and growth always in the car sector.
The Government who is duty bound to protect the peoples welfare and rights is made to deprive the people of their hard earned money and wealth by cunning,crafty business men who are concerned only with the increase in their wealth.
No wonder the rich in United States of America and all over the globe goes on becoming rich and the wealth is concentrated in the hands of few. By defective polices contrived by the machinations and the deceitful means of the crafty rich to earn more wealth if not detected by the government will bring in concentration of wealth in the hands of the few and consequent exploitation of general public .Sustained optimum development or growth is the necessity of the hour. Development should not be coming into being five hotels when one two will serve the needs ..all with government cheap finance and later three collapsing ….Ho five new hotels has come its great development so much money is invested and its sheer growth…ha ha ah its all peoples money in the hands of the supposed business man exploiting the cheap interest rates and later the supposed growth capsizing and all money and development gone. . There is no meaning in this type of development detrimental to the interest of the people and the nations. There are only two things on which The economics law of The law of diminishing marginal utility wont operate that is 1. Money and 2 Power. Hope the concerned people will look into these aspects of development and bring in necessary corrections for a sustained growth or development so that peoples welfare and rights will be well protected. Striving for economic fairness is a fundamental duty of the Government of India and its the duty fo the Governments of Nations in the world to see that their people has enough to lead a comfortable happy life and gets fair returns from wealth ,effort and money .. It seems that the instruments intended to control the money markets or markets are heavily loaded in favor of the rich and contrived to secure the welfare and super luxury living the huge entrepreneurs many of whom squander and the banks write of lakhs of crores of their fraud lost money . A percentage of this will be sufficient to cater to the needs of the at least old people.No reluctance in writing off huge sums for favoring the rich but no money to give some relief to the poor.
Gadhadharan Punathil
3/604 Punathil house
Manipuram lane
Nadakav
Calicut-673011
Kerala State
India
GADHADHARAN.P.
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Posted by: GADHADHARAN Punathil <gadhadharanclt@gmail.com>
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