Thursday, October 16, 2008

China to Bail Out West?

Will it be upto China to give the West a bailout? The Chinese ascension seems unstoppable.

4 comments:

witan said...

When the "government" of India announced a loan-waiver of Rs72,000 crores for farmers, there were a few who asked where the money would come from, and who would benefit. In any case, it appears that the real sufferers among the farmers did not get any relief through the waiver, one reason being they had not borrowed from banks, but from "money-lenders".
I am not an economist, but I think India's economic woes started with that waiver, and has now been aggravated by the global "melt-down". The situation, in retrospect, was very similar to the sub-prime mortgage disaster in the USA. More and more symptoms are showing up, for example the lay-off of workers in the aviation business. These are all the blessings bestowed on us by the half-baked economists, Manmohan Singh and his stooge, P. Chidamb Aram. The two quacks have now set out with their remedies to ruin our banking system which, till now, has been sturdier than USA's.

I think P. Chidamb "Aram Haram Hai".

Tranquil said...

witan:
" I am not an economist"

Good. Highly qualified get consolidated at their levels of incompetence.....you must be aware of it.

montek ahluwalias to peecheedambars have always been cluelessly floundering around.Like Oliver Goldsmith's Village Schoolmaster the gullibles have been awestruck.

Itsdifferent said...

Thats the Mistake MGR started off with. When he made a Doctor as Health Minister, Teacher as Education minister, a Lawyer, accountant etc in similar roles. I remember having heard huge applauses that he is ready to embrace the educated, and bring them to politics etc.
Alas, history has proven that concept very wrong. Because, they are supposed to have been expert in that area, they never listened to their department heads and other experts, became arrogant, and on top of it, learnt the dirty Kazhagam politics also. Guess what they are the most crooked ones the history ever have had.
Lots of Corporates in the US are now realising, that the department heads need not be SMEs, but rather good Leaders who will build the team, consensus, encourage teamwork, collaboration and innovation.
We are reaping the benefits of having the so called experts, ManMoron Singh, Peechy (PC..)as head of their own specialized fields.
The need of the hour is good leaders. More and more I read about Modi, I am pretty confident he embraces himself with such experts, gives them enough power and motivation. We need him right now. And more. Its time we identify such good leaders and start portraying them in limelight.

Tranquil said...

>>Portray<< ? ELECT & EMpower.

Also not a single leftist should we allow to sit anywhere.The congenitally treacherous treasonous left should not be permitted to even contest.

Time & Tide wait for no man.

Hindus do not tolerate or hesitate at all.Do not look up to any falinarimans or singhvis for counsel.Likho Apna Apna Script.All of them are our worstest enemies not Dawood Ibrahim.

Dawood is far more honourable. Never called himself president/pm/neta/thalaivar/thinktank.....

Appeaser gandi has been called the " most violent pacifist " by Sri.Aurobindo.

By appeasing & tolerating we sign the death warrants of OUR nondhimmi , unconconverted Hindus.