Har subah sirf utho mat Jaago Re TATA TEA

The most rotten people in Indian Executive are in RBI and Finance Ministry. And their rottenness has caused immense damage to us commons. RBI and Finance Ministry authorized various banks to manufacture new Rupees of Rs 750,000 crores in past one year (Jul-2007 to Jun-2008). This newly manufactured Rupees were given out in form of new loans. Please note – new loans, not issuance of loans from the money repaid from previous loans. The rotten RBI officers have refused to give data on which persons got how much of new Rupees, but most of these Rupees go to top 1% of Indian population, and some half the Rupees go to the top 500000 wealthy individuals of India.

IOW, top 1% got a big chunk of Rs 750,000 crores merely by “promise to pay”. Some 80% Indians make Rs 20 per day. i.e. some 88 crores of Indians work for whole year and make only Rs 7200 a year i.e. Rs 630,000 crores. So rotten officers of RBI ensure that the top 1% Indians get more Rupees for no work and mere promise to pay than what bottom 88 crore Indians make by their hard work !! An individual in top 1%, directly or indirectly, gets about Rs 700,000 lakhs of new loans for no work and mere promise to pay, while a person in an Indian in bottom 80% toils whole year to get Rs 7000 !! All this is due to rottenness of RBI officers and Finance Ministry officials.

And it is not just past one year. In 1951, Rupee supply was Rs 1000 cr. Now it is 4000 times higher – Rs 40,00,000 crores. I repeat and request reader to note carefully --- 4000 times higher not 4000% higher. In past 4 years, Jul-2004 to Jun-2008, RBI has increased money supply from Rs 17,00,000 crores to Rs 40,00,000 crores !! IOW, RBI manufactured more money in past 4 years than in 53 years from 1951 to 2004. This Rs 23,00,000 of newly manufactured money reduced the value of the then existing money, which was nothing robbery. The only reason why prices of everything is rising is increase in Rupee supply. One may say that crude prices increase in Jul-2008 due to increase in crude prices of dollars. First, crude prices increased from $30 in 1990 to $ 130 in 2008 because US$ supply had gone over 5 times in 18 years, if one also takes Govt Bonds into account. And if Rupee supply had not increased since 1991, then Indian rupees would have increased from Rs 50 per dollar to Rs 10 per dollar and so the price of crude in Rupees would have remained unchanged, Hence, only reason for increase in petrol prices in India was increase in rupee supply, as there is no other reason. For more on these issues, please click here
But most intellectuals are clear about following things

1. The common citizens need not or rather must not be informed about this money issuing business.
2. The manufacturing of new M3 does not reduce purchasing powers of M3 citizens had.
3. And so the citizens must not have any control over the process of manufacturing new money and deciding who shall have the newly created money first.

This is the most important reason why few commons know about the fact that Rs 750,000 crores, more than what 80 crore Indians earned in whole year was something that those close to banks got for mere “promise to repay”. How can commons ever prosper if there whole year’s labor income is less than what people at top can get by making mere “promise to repay”?
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NOTE: I'am not the original author of this article. It has been taken from the website http://www.indiablast.com. The owner of this website is Rahul Mehta (http://www.rahulmehta.com).
He is a candidate in Gandhinagar Loksabha Constituency for Loksabha-2009 election.
His serial number is #17 and symbol is Battery Torch (hath batti) .
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