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We
have travelled a long distance from the age of barter system to our current new
economic models to enrich our democracy and country, for positive economic
growth. But look around do you see a holistic .progressive society, the answer is "F***k
No" In a country, like 'India' you have one side which contains socials
animals with their Prada bags, Gucci shoes and the latest version of BMW's in
their garage and other is very much visible side of oppressed, hungry and the
majority of them are even without a shelter. So is our monetary system making
the sides equal or at least making a half-hearted attempt to lower the
imbalance deficit through making necessary policy changes. Well! Yes, they are
making changes definitely;
they are filling more people on one side! It's not the BMW's and the
Prada's for sure it's the opposite side, by getting them thrown into absolute
poverty eventually
We live in country
which has the second fastest growing GDP, for the people who haven't been
familiar with what GDP is, to have an idea of what this unusual term of
progress in my views actually represents please visit my post at -
According to
government - Growth in GDP = Progression = Development of any country for that
matter, but I want to ask this, who keeps in account with a simultaneous
or more growth of inflation in nations like India, Bangladesh or Iran,
etc. Even if I believe that GDP is close to accurate means of tracking a
nation's development, is that enough for us to sit in our cozy chairs and
assume that in the next thirty years our children will live in a country with
absolute zero percent poverty and debt-free environment. Think about it the guy
with blue turban said it!
In my eyes it's the most disgusting irony of progressive
thinking. In my eyes economics can only tell you a logical explanation of what
happened in past for, e.g. The "2007 Economic collapse, “many economist
had the explanation of how we got there, but no economic indicators to prevent
the financial collapse, I don't disagree that the collapse was also supported
by corrupt selfish bankers and self-indulging economist, but don't you feel
that's the reason the economic indicators are made on the first place, to give
us a warning before the water goes over the bridge or under or wherever but
just not in our homes and livelihood, at least they can give some signs, but
none is just not acceptable. In my views these economic tools are as fallacious
as believing in after life or judgement day. I am not making fun of any
religious value just because I am agnostic, but seriously! Okay a better
example - our economic indicators are worse than a women's fake orgasm! It’s
just an Illusion of pleasure, comfort and relaxation, but in actuality
it’s just a bogus state of satisfaction. Plus its deceitful and hurts when you
know the truth lol
Before we go any further there is an important message from
Adolf Hitler
If Only he would
have said that!!! :(
Let's look at China's example you will always find China on the
news for its insatiable need for trading and economic progression and maybe
that's the reason China is now considered a threat to most of the developed
nations in the game of economic superiority.
Just for fun let's consider China as our student group leader in
school, you know the one with tidy and tied shoes, oil in hair, all buttons on
shirt intact, crisp uniform and all, in short completely opposite of what I
was! We would not only copy his studying strategy but also make a carbon copy
of his science journals and sometimes even stand behind him or her during
inspection hoping our teachers fail to notice our shabby asses , Ok I
confess, I tried that once!
So before I drift away from the point, China has the strongest GDP
Growth percentage of 7.70% which is third after US and Euro Areas, its GDP is
7298 billion dollars with an inflation rate of just 2.40% I mean wow! Look at
the figures, feels like packing my bags and going to Beijing. Yeahhhh!!!
What an outstanding progression!!!
But wait a minute I forgot to present the last statistic,
which is poverty rate and that's where I got baffled with
one controversy overlapping another. Firstly, there is no economic statistics
on the World Bank website for China's and many other country's poverty rates
after 2008. But fortunately The Economist posted an article recently stating
quote “life at the bottom of the middle kingdom”. According to the article they
recently raised their poverty line by 2300 Yuan per year, which should be some
good news for Chinese people, right! But just don't celebrate yet because if
you will average it to per day basis it comes to 6.3 Yuan per day that's close
to $1 not even close to the average poverty line decided by World bank at $1.25
which has its own controversy. The rate of poverty is fixed by $1.25 at a
purchasing power of an average American in 2005 is a set standard and
it does not take into the account of changes in market exchange rates
and hence complicating the Poverty rate further. So according to statistics 1.4
billion people in China are still under the poverty line which is a huge
number and I haven't even talked about the economic in-quality yet.
In order to understand what I said and its implication watch this
short video -
Following video
statistically proves that no matter what the nations GDP is it as no direct
impact on reducing the economic inequality of that country. I mean
what can you actually buy for that amount, pair of big snickers or
cola with chips! The fluctuation in our inflation rate bloody resembles to
always unsettled pacific seaboard and prices of our daily commodities
increasing like unexpected tsunamis, it's just pure horse shit! So
let's look at India's statistics, India has a GDP of 1848 billion dollars great
we come 10th hurray! With an annual GDP growth of 4.80% with inflation going
neck to neck with GDP by 4.89% and our poverty rate are as followings:
People in millions
-
Live less than
$1.25 a day 32.7% (400 million)
Live less than $2
a day 68.7% (841 million)
Live less than
$2.5 a day 81.1% (992 million)
The most interesting statistics are the last two -
Live less than $4
a day 93.7% (1,148 million)
Live less than $5
a day 96.9% (1,179 million) this means only top 4% of the country
makes more than 5$ per day its hysterical!
Hell! I agree I am no economic
expert but isn't there something somewhere terribly wrong with our Stone Age
economic indicators. When we say ourselves the fourth largest economy of world
it’s the height of our oblivious state of mind. Ask yourself this question do
we really want to go down this road where the snobbish affluent side of the
country keeps getting more and more money and power where
in poorer side keeps increasing day by day, what will we tell our
children's that we had a choice to make changes to this corrupt monetary
system, but we willfully ignored it over a smoked chicken pizza and
beers. At least it's not in my blood, until next time Che
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