Bharat Rakshak

skumar

One of the true patriots / chowkidars of modern India.

His impact and his absence will be felt for a long time.

ऊँ शंति

skumar

[youtube]http://www.youtube.com/watch?v=6_M0S8KVHHY[/youtube]

skumar

India Lets U.S. Down on Iran ---- R Nicholas Burns Dear Mr. Burns, US has let India down innumerable times in the past on many issues including terrorism emanating from its Major Non Nato Ally, Pakistan. More over India does not owe anything to US on this issue. Being a 'close strategic partner' do...

skumar

If Italy is really in such deep trouble, who knows perhaps a certain family there with filial connections to the real powercenter in India's biggest parliamentary party might wanna move their India-derived monies out of there in a hurry, eh? No wonder GoI reports total ignorance about the destinati...

skumar

Before cutting SS / HC, how about cutting tax exemptions?
http://www.businessinsider.com/these-are-the-30-american-companies-that-paid-less-than-zero-income-tax-from-2008-2010-2011-11?op=1

skumar

More from zerohedge.
http://www.zerohedge.com/article/jim-grant-joins-chorus-demanding-return-gold-standard

Slightly more difficult to call him a commie. Oh well, but nobody has.

skumar

Maybe you didn't notice that the article is about RIEF and not about Medallion. I did not say that, did I? In fact, my next statement, which you have not included, suggests that there is no public information about Medallion. My point on the RenTech funds was that RIEF (the "public" fund)...

skumar

Never fail to be amused by the mindset displayed by Neshant, you and other assorted commies !! If a firm is successful in financial services, it has to be crooked ! That's impressive logic. Comment was with reference to the link posted earlier by VikramS. Perhaps you fail to recognize logic or perh...

skumar

But seriously, how many HNI PMS / hedge funds have generated 35% returns consistently over 3 years or more? Check out Renaissance Technology's Medallion Fund & its average returns for over 2 decades since 1989. So, the answer is one? That too a crooked fund which might be stealing money from it...

skumar

Savers choose to outsource management of their savings primarily because they have (a) either no time to spend on such management or (b) even if they had the time they might not have the ability to generate beyond 15% pa on a consistent basis; and most often the reason is a combination of both (a) ...

skumar

Arjun: It is only on WS that people can claim that I delivered so give me the bonus. If they are so good, they should trade their own capital . Currently WS raises capital from the public markets, siphons the profits, and then runs to the tax-payer when they screw up. And another real world example...

skumar

RoyG wrote:[url]mFdnA5UNmVw[/url]

I guess some people on this thread should have been on the side of the Nobel prize winning economists answering questions about the US economy.

skumar

Singha wrote:will rajat gupta get any time?

there is even a co specialized in helping people have a easier time in jail
http://www.executiveprisonconsultants.com/id5.html

skumar

http://www.businessinsider.com/the-seven-biggest-economic-lies-the-presidents-jobs-bill-2011-10 One simple measure for the US is to raise taxes for the rich. From above, "From the end of World War II until 1981, the richest Americans faced a top marginal tax rate of 70 percent or above. Under ...

skumar

Local debt pileup in China
http://economictimes.indiatimes.com/news/international-business/chinas-local-debt-pileup-threatens-to-constrict-growth/articleshow/10297972.cms?curpg=1

skumar

<snip>as per that stats only 300k Indians have disposable wealth > 100k.. nonsense.. even in 2nd tier cities like surat or vadodara or pune there must be 10s of thousand people with bank balance more than 45 lakh INR<snip> Linked report says 3 million, i.e. 3000k, not 300k. What is nonsensical is c...

skumar

Talking Points for the "Occupy Wall Street" Protesters - John P. Hussman
http://www.hussman.net/wmc/wmc111010.htm

skumar

If so much was debt fueled when the crash came and debt was cut of the GDP should have cratered, similar to Great Depression. It did not. Even today over 90% of mortgages are being paid and people are staying solvent if a bit distressed. Yes there will be a lot of catch up by China/India, etc, but ...

skumar

This is not my fight but It is useful to remember that that the US economy in absolute numbers is actually higher now than 2007! Inflation has remained low and can be neglected. Companies are making cash hand over fist. The real problem is jobs as companies are squeezing more and more work out of t...

skumar

Neshant wrote:the cynical side of me says these shills are angling for a too-big-to-fail bailout.

They are lining up. How many times will we hear this bs - recapitalize banks, political will, tightly interlinked world financial systems, apocalypse now.

skumar

<snip>All that says is how worthless paper money is relative to gold at the moment. For that matter there are trillionaires running around in Zimbabwe after the country hyper inflated its currency. Clue in, you can't be that ignorant. Anything can be measured against GDP. If you measure toilet pape...

skumar

I predict a return to honest money (gold & silver) within 5 years and the end of worthless paper money. I also predict... <snip> Just to show why I don't regard your views worthy of consideration: The value of the world's gold inventories is currently $2.7 trillion, silver inventories is $23.68...

skumar

Maybe. Hopefully not. When one has a serious disease, an attempt at treatment/surgery (even if the cure probability is less than 100%) is better than throwing up one's hands and saying "its uncurable". I'm very confident that a financial system will survive. Though what shape it will take...

skumar

<snip> However, the solution is to fix these specific faults by specific actions.<snip> The discussion can be about what those solutions could be. As Theo said, one is the split of retail and investment banking. Others could include, weaning consumers off the debt-fuelled culture, additional regula...

skumar

<snip> if banks are "useless middlemen and parasites" as you say, can you explain why they have been around for the past several centuries? What would you use to replace this system? Perhaps barter, or a selfless moneyless society (shades of Marx)? You're even confusing the issue of curre...

skumar

main reason the European countries wanted to install their stooge Laggarde as chief at the IMF is to have some of that Greek default be borne by other countries. An offloading of losses onto suckers down the line. its criminal that the IMF chief 'loans' money to Greece with zero collateral knowing ...

skumar

From the extremely interesting read, http://www.bloomberg.com/news/2011-06-27/why-china-s-heading-for-a-hard-landing-part-1-a-gary-shilling.html , "Speculators are starting to take stock of the evidence of a hard landing in China, and industrial commodity prices, including copper, are swooning....

skumar

The slave labour efforts of millions of Chinese over the past decades is now represented by the trillion dollar reserves. The dollar is now the biggest ponzi scheme going. The Chinese have realized that the dollar is not going to last and the US has no option but to default. And the Chinese have rea...

skumar

<snip> Let's look at luxury items -- Gucci handbags, BMWs, Audis, Apple Iphones and other trappings of the comfortable class. <snip> Since we were talking about cars earlier ... http://www.telegraph.co.uk/news/worldnews/asia/china/8783588/BMW-town-crashes-in-pyramid-fraud.html Don't mean to be flip...

skumar

Interesting views - Doug Casey from Casey Research
http://vimeo.com/29058918

Over the long term,
- US has to default, its creditors should be punished
- Abolish welfare
- Buy gold
- Short (US) bonds

skumar

Dr. Shiv, Apologies for not responding in detail but I disagree with your point that US may fall back asleep after 'smelling the $hitty TSPA coffee'. This is not the US in the 1970s during the end of Vietnam. <snip> What is also different this time is that there is a distinct anti-war sentiment bre...

skumar

Friend, father & philosopher of black money is Chidambaram http://www.sunday-guardian.com/analysis/friend-father-a-philosopher-of-black-money-is-chidambaram The article mentions it in passing but surely Chidambaram's magnum opus is the Participatory Notes, which has enabled many a honest servan...

skumar

I think we may hear that the RBI was trying to buy some gold in the market. That may explain Pranab's trip to the US.

skumar

"Central banks are suppressing gold prices to make their own currencies seem stronger and to build confidence in the reserve currency, the US dollar."
http://gata.org/goldrush21

skumar

Where is Mexico's gold, and is it really gold at all? http://gata.org/node/10487

Is our gold reserves also situated on foreign shores like Mexico's?

skumar

"Single acts of tyranny may be ascribed to the accidental opinion of the day; but a series of oppressions, begun at a distinguished period, and pursued unalterably through every change of ministers too plainly proves a deliberate, systematic plan of reducing us to slavery." —Thomas Jeffer...

skumar

MMS is doing the right thing in getting to bottom of things with Pranab. After everything that has happened, to even attribute a modicum of honesty to MMS is a farce. He is morally dishonest and has sold out his office willingly as part of the deal before assuming office. This was the veneer to hid...

skumar

Those referring to the works of SSwamy as antics, please note. Here is a man who has probably done at least as much in the fight against corruption as AH. He might not have a base in TN probably because he cannot afford to. He was probably responsible for much of the liberalisation reforms in India ...

skumar

25-Mar Note by the Finance Ministry on Allocation and Pricing of 2G spectrum http://static.dnaindia.com/docs/fm-letter-to-pmo-on-spectrum-allotment.pdf The former FM went against the advice of his Finance Secretary (now RBI Gov) on the issue. Wonder if Chidambaram held out against Raja to get his &q...

skumar

Three cheers for Dr. Subramanian Swamy! Oh Lord, please grant his wish of seeing Chidambaram in jail. And Lord, please grant our wish of seeing every corrupt minister in this government in jail. :rotfl: I hope the Supreme Court neither accepts the TRAI bs on "no financial loss in 2G auction&quo...

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