Wednesday, 11 August 2010

The Economics of Skullduggery

One of my favourite topics of all time has been money, and its chief function..to differentiate the rich from the poor. Now, and this might sound simplistic, my all important question is Why are some people rich…and others poor? The answer..is again simple enough, because the rich have more money. Now, don’t tell me to fuck off…because I’m going somewhere interesting with this. See, what made the rich rich and the poor poor was where they started out, and what they started out as. See, in India, after 1947, we started out as a rather poor socialist economy. Implies that, everyone poor. The US, started out as in 1776 a rather rich socialist economy, being the beneficiary of a solicitous treaty signed by the British, and having won, rather indefatigably, a really pointless war . Implies that, everyone rich. What happened after that was anyone’s guess, but mine is that the US adopted a capitalist economy in order to make everyone rich. Whereas in India, there were completely different reasons.

See, people who make the policies in India, were sick and tired of the general poverty in this country. They disliked the Hindu rate of growth, and the fact that the rich people were old money…the landlords, anglo-indians, merchants, British-ass kissers. They decided to remove all of that…and create a new rich, coupled with the new poor. The only reason why the rich are rich…is because the poor are poor. Now, India cannot be a rich country. Simply because the resources are limited, and the weather is shit(ergo, shit agriculture). So, the idea was…Lets make the rich richer…and the poor fucking people wont know the difference. Whereas, the idea in the US was, let’s make the rich richer, and the poor would cheer for us…because it would be their dream someday…to be just as rich. See, it worked in India, a lot better than it has worked in the US, because stupidity is much easier to manipulate than idealism.

And why the rich are…well..rich, is because they have money…but not the sort of money that you would expect. The rich now, are not about who has the most gold coins, or the most silverware, or the biggest diamond chandelier. It could have been the case, but it is just not so. The rich, have money…and what is money? Its just worthless paper, with a really shiny strip and some fancy lettering. What gives your money any value, is the number of notes in circulation. A 500 rupee note is 50 times more valuable than a 10 rupee note, because you would need to print 50 ten rupee notes just to get there. And notes are not like coins. It would be great if they were, because coins are valuable. A ten rupee coin..yes, the new one…is made of metal worth ten rupees, and since metal has some intrinsic value, judged by how much of it is found on the planet..you can say that the government may as well turn out gold, silver and platinum coins. Why doesn’t it? It sure as hell ain’t because the government is parsimonious. Nope, the government just doesn’t want the gold and silver miners of the world to become millionaires overnight. You see, what it wants, is plain and simple control…over the money supply, which gives them control over your soul, and you family’s collective souls. Yes…there is just one God. And its called money.

The rich, can therefore, only be rich, if someone else has less money than them viz. if someone else is poor. Because, the number of notes printed and in circulation is constant. Equal to the amount of wealth generated by the country as a whole. The per capita wealth can only be skewed in anyone’s favour, if it leaves someone else in short shrift. Take Anil Ambani, or Sunil Mittal, for instance…they are really rich, only because there are a billion poor people willing to recharge their phones and pay an exorbitant 14% as service charge for that privilege. Inflation, only happens because there’s way too much money in circulation, which is great news for anyone who has lots of money…but really bad for someone who needs to sell his goods for the same price every single day. So, he would raise his prices, as is only logical, as there’s so much more money to be had. But, then, everyone does the same. The wholesaler, supplier, importer. And very soon…we have a prices surge. Now I will write about that in my next blog…but here’s the thing. If someone on the street were to ask a really, mind numbingly candid rupee billionaire, “Sire, why on earth are you so stupidly rich you don’t know what to do with all your money?” And if he were honest…he would say:
“It’s because you’re so fucking poor.”

1 comment:

  1. i like money ... i like the sound of it . i think even as a kid i did not buy that entire , u might not be happy if ur rich philosoph - the only reason id be unhappy was if sumone poor wld suddenly try to make me feel less rich

    i like :)) keep writing

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