Monday, October 21, 2019
Sipra's Diary : Enigma of the Financial world.
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The financial world is a giant gambling place almost like a casino in Las Vegas. But far more complicated to apprehend, far more fatal. Because it is planned and operated not by any lifeless mechanical machine but by the Frankenstein's brain -in -human and affected the lives of all people in the country; no matter whether people are willing to join or not,, they become 'part 'of the gambling game and not as mere 'viewers' but receivers or victims. With the advent of globalization, the after-effect is not limited to one country but affects globally. As it has been a cliche that if the butterfly flutters its wings in one corner of the sky, it may cause a tornado to other parts of the world.
In Casino game, there is an option for the people to choose whether they wish to take risk of playing or sit to enjoy as viewers ..
Financial World strides with pride differently; it is not based on any strict Principles of ethics or scientific method. Perhaps no scientific formula works!
The target of the Financial world is only to create wealth. It is not based on the formula of 2 +2 =4. When 2+ ever-oscillating behavioural psychology of customers are added to the power of 2, then the outcome might be 40 or only 0 instead of a' definite 'result of 4.
There is no way than to watch patiently for the future. That is why this zone is very volatile, and uncertain.' Boom and Bust' is their banner; Resembles true character and fate of bubble! This is the tragic paradox where we have to live and survive.
In 1950s Carlos Ponzi, an Italian swindler became a billionaire by following a theory like "Rob Peter, pay Paul ".It became popular as' Ponzi-scheme', not only in the western world but in other parts also proliferated.
Multiple bonds of similar type were sold. In India, there were Peerless company, "Sonchoyita", "Sarada'. 'Techno-India'" Money-Matter, Rose valley and many others, It benefitted the middle-class and low middle class as well as the founders who became a millionaire in a short period.
But "Sonchoyita' "Sarada "no more exist. They melt down suddenly with scandal. Some of the founder father ended life with suicide.
Those who were efficient they escaped by changing their skin or color by swiping money to another field Best way for these swindlers to escape is to align with some non-profit organization, a hospital for destitute, Old Home etc. Peerless is still reigning with prestige by investing in hotel, hospital real estate and another philanthropic field.
It is really confusing to me to understand the relationship between 'corruption' and the booming economy of a country.
"India is rising,"China is rising"!All the so-called rising countries are known as "BRIC" notoriously dishonest and full of criminal activities.
In my limited experience, I noticed that since 2005 the people we knew as 'poor' suddenly climbed a higher economic ladder. Many house-maids in our neighborhood borrowed money from householder they worked, for making houses on the land got free of cost from the government in the outskirt of the megacity.........
Is the mathematical formula of uprising economy is based on corruption?
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