2ndlook

Wonder what’s bothering Washington (Post)?

Posted in Current Affairs, Desert Bloc, Propaganda by Anuraag Sanghi on May 18, 2012

Indians are the biggest savers in the world. Can buying a few grams of gold be termed as lust? Sin, covetousness?

From India struggles to balance its books as citizens lust for gold - The Washington Post   |  2012-05-18 19-55-55  |

From India struggles to balance its books as citizens lust for gold – The Washington Post | 2012-05-18 19-55-55 |

International crisis

Are purchases of gold by Indian consumers an international problem?

Washington (Post) teams thinks so.

Washington (Post) thinks it is in the same league as the Greek economy; elections in Egypt or the breakdown of the State in Pakistan’s frontier areas. (See graphic above).

Let’s understand this ‘issue’ better!

In India, the world’s biggest annual bullion importer, gold jewelry plays a central role in weddings and festivals. India imported 933 metric tons of gold for private consumers last year, a 35 percent rise over five years and just under a quarter of global demand, according to the World Gold Council.

Indian households’ disposable incomes grew by 13 percent during the 2010-11 financial year, but the amount in their bank accounts rose by only 3 percent, according to official data.

High inflation often renders the idea of financial savings unappealing, and many people in rural areas lack access to banks.

India is struggling to balance its books partly because its citizens keep buying gold. The country’s current account, the difference between the value of its imports and exports of goods, services and financial-transfer payments, is running at a deficit of about 4 percent, largely because of high import bills for oil and gold — India bought 969 metric tons of bullion last year at an overall cost of $48 billion.

The lack of money in Indian bank accounts forces the government and private companies to borrow abroad, pushing the country further into the red.

“You’re not looking at something sustainable. The balance of payments becomes very skewed,”

The International Monetary Fund predicts that India’s economy will grow by 6.9 percent this year, a significant drop from the double-digit rates touched in recent years.

India’s government has been trying to exert some control this spring. (via India struggles to balance its books as citizens lust for gold – The Washington Post).

How India’s gold buying affects the world

Has crime rate in India gone up in India to fund gold consumption.

Not true.

India has low crime rates; lowest imprisonment ratios, a small police force – despite a huge number of unlicensed firearms, with really poor people.

Is the Indian Government likely to renege on its debt obligation? India has not in its history defaulted on sovereign debt.

Have Indian consumers borrowed large amounts and likely to default on their obligations to international lenders? Indians consumer debt is contracted locally – and hence Washington (Post) has no cause for worry.

Are Indians causing international flare-ups to fulfill their ‘lust for gold’?

Have Indians annihilating people?

Like the British did with Australian aborigines? Or the Spanish and European migrants did to Native Americans in North and South America? Or committed gross human rights violations like the Belgian king in Congo? Have Indians enslaved millions or invaded other countries – like Europe did in the Scramble for Africa?

Answer – None of the above.

James Gillray, a leading caricaturist in 1797, in his print Midas, published after Bank Restriction Act came into force. Prime Minister William Pitt the Younger (28 May 1759 – 23 January 1806) is using the Bank of England as a commode. From both his rear end and his mouth Pitt is showering the English people with new currency notes that also are in his paper crown.  |  Image source - rc.umd.edu.  |  Click for a larger scan.

James Gillray, a leading caricaturist in 1797, in his print Midas, published after Bank Restriction Act came into force. Prime Minister William Pitt the Younger (28 May 1759 – 23 January 1806) is using the Bank of England as a commode. From both his rear end and his mouth Pitt is showering the English people with new currency notes that also are in his paper crown. | Image source – rc.umd.edu. | Click for a larger scan.

Call this lust …

Lust – meaning.

Usually the words associated with lust are

deadly sin, mortal sin, craving, appetite, or great desire, desire, longing, passion, appetite, craving, greed, thirst, cupidity, covetousness, crave, yearn for, covet

After paying international prices, can there be covetousness, cupidity, deadly sin, mortal sin? The Japanese save money in pension funds; Americans buy gilt-bonds and shares, British savers buy shares and put money in insurance and mutual funds.

Indians buy gold.

How can retail buying of gold by small people be described as lust. Most families in India have less than 100 gm of gold. Is that craving, longing, passion, greed, cupidity?

Would you call Indians lustful, if they do not wish to undergo the fate of the British people?

War by other means

This portrayal of the Indian consumer as sinner smacks of aggressive intent.

First demonize and then annihilate. It is not as though the Indian Government is cornering the gold market – and trying to destabilize the world currency system – ramshackle as it is.

So why this attempt to demonize the Indian consumer?

If this is causing a trade imbalance, does Washington (Post) demonize American consumers – for their oil consumption, for their garbage generation? For creating a housing bubble and credit balloon which burst – causing global misery. For running a a 100-year old trade imbalance, that has only been reversed, when the US used war materiel production to enhance economic activity.

So, if crime is not the issue, default is unlikely, why are these dem fine White folks so worried about us Injuns?

On a clear day

Ahh! I get it.

It must be the Washington (Post) acting in Christian spirit of being their Injun Brother’s keeper. They are trying to save us Injun’s from ourselves.

We stoo-pid, silly Injuns.

Why can’t we take advice from Washington (Post)?

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15 Responses

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  1. admin said, on May 18, 2012 at 8:30 pm

  2. Daneshwar Sharma said, on May 19, 2012 at 3:46 am

    Only yesterday one of my colleagues, who is always for American parenting method, was given Rs 50,000 to purchase a Bullet bike. When I told him that an American father, usually, don’t give money to his children to even buy a bicycle, he couldn’t look into my eyes.

    And the world is jealous of our tradition, culture and family system.
    Buying gold is a completely commercial safe-play but our tradition has related it with religion and made this practice sacred. Also this is a method of women empowerment.

  3. Hudson said, on May 19, 2012 at 4:12 am

    Money spend on cosmetics surgeries in US and Europe is more than 100 gms gold held with Indians;;;
    Washington Post has their on agendas,US spoiled mother earth with maximum pollutants and now they say developing countries to control their Co2 emission to control..

  4. KUMAR IYER said, on May 19, 2012 at 4:44 am

    Indians “love” gold as has been the custom throughout the history of bharat varsha. Only the desert bloc “lusts” for gold as the history proves it unambiguously..

  5. S said, on May 19, 2012 at 6:44 am

    Totally agree with this article as well as this comment “When I told him that an American father, …….
    And the world is jealous of our tradition, culture and family system.

    Read the article how they plan to wreak havoc on our family system -“http://centreright.in/2012/05/the-marriage-noose/”

  6. Anon1 Anon said, on May 19, 2012 at 3:18 pm

    http://www.rediff.com/news/slide-show/slide-show-1-its-a-misnomer-to-call-temple-assets-a-treasure/20110713.htm

    “The Antiquities and Art Treasure Act of 1972 says that if you or any institution has artefacts or materials with cultural or historical value, the state has no problem in you possessing it. Nevertheless, you cannot misuse, melt or export them. That is why the Supreme Court has ordered for the preparation of an inventory of the temple assets.”

    “We cannot destroy the assets by melting or selling them to ‘solve’ the present deficiencies and difficulties. It will not be much different from a thief stealing them for his/her own rational convictions!”

  7. Aravind said, on May 19, 2012 at 11:07 pm

    India has the highest remittance in the world of $55billion(2010 estimate) which is $7billion more than the value of Gold imported
    source: wikipedia

    Besides India is not really an Export driven economy as exports account just about 15% of GDP.
    remaining 85% is internal Consumption!!

    It is this 85% what the Americans & Europeans want to tap in for which they require to Diminish the WEALTH of people through Gold Embargo & FIAT money printing(Read QE,Bailouts etc..)

  8. miley said, on May 22, 2012 at 2:23 am

    You have demonstrated by your purchase of gold or a gold-related investment that you do not trust the monetary policies of your nation’s central bank.
    If you are an American, this means you do not trust the monetary policies of the Federal Reserve System.
    You have taken a step that confirms your lack of trust in the government and its central bank.

    1933 Roosevelt issued Order 6102,seizing privately held gold.
    Ford in 1974 lifted ban on gold ownership.

    Whatever happened to Libya’s’ gold reserves,144 tons?
    It is rumored that Sarkozy has the answer.

    France is completely bankrupt.

    18 Oct 2011 – Moody’s put France on credit watch for a downgrade.
    20 October 2011, Qaddafi was captured alive after his convoy was attacked by NATO warplanes as Sirte fell.
    He was then beaten,buggered with a dagger and murdered.

    The Empire lives.

    Has India ever opposed Britain since “Independence”?
    No. And it never will within the current paradigm.

    The leash was lengthened but Anglophiles were appointed to Governments from Pakistan to Burma.
    India and Pakistan’s rulers competed to be appointed London’s Chief Coolie.
    No Saddam, Qaddafi or Nasser arose to lead the Sub Continent.

    Jawaharlal Nehru and his meteoric rise in the years following the Non-Cooperation movement has never been properly looked at.
    His three way relationship with the Mountbatten’s membership of the Fabian Society and Freemasonry connections(Legal Profession) stinks.

    Ireland,We had the same,Michael Collins (It seems that he had sex with most of London’s Lords and Ladies)…a prize Irish bull.

    De Valera ….should have been executed,but was the only leader of The 1916 Rebellion spared,No record of his trial,His witnesses denied ever being there.Many miraculous events surrounding his meteoric rise.

    South Africa,Britain wanted a war to finalise their land grab of Rhodesia and Zambia.
    The Jameson Raid was a false flag by Rhodes and Milner.
    Kiruger was bad enough,but later Smuts took control.

    He served as a Boer General during the Boer War, a British General during the First World War and was appointed Field Marshal during the Second World War.The Boers never stood a chance nor did the Irish.

    India?
    Some improvements but far behind Thailand,Malaysia,Indonesia,Taiwan,Korea,Vietnam and even China?
    I would argue that London is still hanging from India,Pakistan,Afghanistan’s necks sucking them dry..
    Their tactic has always been to cause chaos and war to keep control of the economic and political direction of an area.
    Financing and controlling all factions.

    No personal offense intended by my musings.

    • Anuraag Sanghi said, on May 22, 2012 at 3:07 pm

      Has India ever opposed Britain since “Independence”?
      No. And it never will within the current paradigm.

      The leash was lengthened but Anglophiles were appointed to Governments from Pakistan to Burma.
      India and Pakistan’s rulers competed to be appointed London’s Chief Coolie.
      No Saddam, Qaddafi or Nasser arose to lead the Sub Continent.

      Interesting point you make – and something that India’s Right believes in very strongly.

      But look at the obverse!

      After the amount of space that Saddam, Gaddafi and Nasser wrested, extracted and occupied – what happened?

      Today these three leaders of the Arab world are seen as idiosyncratic despots – who were replaced by the West, to nudge the Middle East towards democracy, progress and freedom. These three have become despots instead of giants against colonialism that they started off as.

      Egypt, Iraq, Libya are worse off then they ever were. Instead of an overt Pax Britannica, we now have a covert Pax Americana.

      A particularly Indian concept makes sense in this situation. Maya! The modern equivalent of this would a mix of illusion, propaganda and narrative.

      Extracting ourselves from the coils of Maya may not be as easy as it appears. The hooks that have sunk deep into our unconscious will probably require more delicacy than brute force.

      • miley said, on May 29, 2012 at 11:36 pm

        Thank you for introducing me to Maya!,that will keep me occupied.LOL.

        Saddam, Gaddafi and Nasser ….they were better than their replacements.
        They tried to resist the City of London and to raise the living standard of their people.

        Gaddafi helped the whole continent.Nasser and Saddam tried to show that their was an alternative to Islamic hocus pocus.

        More importantly,they freed women.

        Now,Iraq,Libya and Eygypt are reverting to the Dark Ages.
        Saudi Arabia,Kuwait,Bahrain,Quatar…..British aligned hell holes!

        Without researching,I can say with confidence that India is controlled through The Reserve Bank of India.

        If you analyse the appointees you will find that the majority despite being seasoned and accomplished individuals are owned body and soul by outside interests.
        They will be former employees or agents of JP Morgan etc.

        As a former colony they will be members of CFR (Milners Kindergarten),Indian Fabian Society,and up to their neck with dubious USA educational bodies.
        I will leave that to you who are familiar with them.

        http://www.rbi.org.in/scripts/AboutusDisplay.aspx

        It would make a good book.

        GRMA.

  9. admin said, on May 22, 2012 at 2:10 pm

  10. masculineffortmasculineffort said, on May 29, 2012 at 5:53 am

    We’re going to need guns to protect our Gold. Kudos to our materially (not otherwise) poor brothers who keep unlicensed firearms. What is your opinion of private Firearm ownership, friend? An article addressing this is much appreciated.

  11. SharmaLondon said, on July 4, 2012 at 4:42 pm

    EVERY SINGLE media firm in America, is also on the AMERICAN FOREIGN RELATIONS COUNCIL.


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