Wednesday, June 22, 2016

India Sheds Central Banker Rajan*,
Revs Up Monetary Printing Presses
[WE'VE SAID FOR YEARS THAT RAJAN IS A RARE & ADMIRABLE CENTRAL BANKER & NOW HE IS BEING BOOTED OUT] 
"Central banks ultimately ruin the economies they are supposedly trying 'guide' .. Mohamed El-Erian*: 'Raghuram Rajan’s departure is bad news, and not just for India' .. Rajan’s approach to monetary policy fell afoul of Indian politicians who wanted more stimulation and higher levels of money printing .. What this tells us about India is that the next head of central banking will likely be printing a good deal more than Rajan .. This will only add to the money printing already taking place around the world .. China, Japan, Europe and the U.S. are involved in varying stages of monetary easing. And now India will print more aggressively as well. This contributes to the 'stagflation' that we have noted is becoming more and more prevalent. It is a repeat of the 1970s and involves higher levels of circulating 'money' and sputtering mainstream employment. The solution to this gathering storm, as we have pointed out, has to do with acquiring interests in tangible assets."
- The Daily Bell
1)LINK HERE to the commentaryBe cautious of the sales pitch
2)LINK HERE TO READ JUST SOME OF THE THINGS WE'VE SAID ABOUT RAJAN IN OUR ARCHIVES 

INDIANS KNOW HOW TO RIDE TRAINS 

1 comment:

Anonymous said...


Commentary: U.S. display of military power act of hegemony

Two American aircraft carriers conducted practice drills in the waters not far from the coast of the Philippines islands in recent days. John M. Richardson, Chief of Naval Operations let it be known on June 20 during a meeting at the Center for a New American Security that it was not at all ordinary for the United States to dispatch two aircraft carriers to one single ocean region, and that it represents the commitment of the U.S. to maintain security in this region, and that it also serves as “deterrence” for related countries.

Conveying a so-called message about security through the exhibition of military might, and furthermore describing the events as an act of deterrence is something that the U.S. has done far too many times. Regardless of how many times it may have gone smoothly in other parts of the world the U.S. has chosen the wrong opponent by selecting China for this type of game. Behind all of this is lack of patience and brassy moves and it also reveals a nature of hegemony beneath the surface.

The United States is a country outside the territory of the South China Sea, coming from one side of the Pacific Ocean all the way to the other side of the Pacific Ocean to demonstrate their military power is for the purpose of intensifying the situation and to provoke disturbances and break peaceful stability and then to fish in troubled water and make an effort to maintain hegemony thereat at all costs. This deceitful business is despised in the regard of international law, and it is also harmful to the security benefits of the country.

The U.S. once indicated that it would guarantee to China that it would not take sides regarding South China Sea matters. However, the aforementioned behaviors conducted by the U.S. military indicate that it was false, and also allow people to see clearly that the origin of disputes in the South China Sea is the desired provocation on the behalf of the U.S.

In the regard of the South China Sea issue, China’s will to maintain national sovereignty and territorial integrity is as solid as a boulder. If it is not China’s then we don’t need a single piece of it, but if there is a piece of land that is supposed to be China’s then it must be maintained. Any person should not have dreams or fantasies about this.

This article was edited and translated from 美国,炫耀武力就是搞霸权!source: People's Daily


http://en.people.cn/n3/2016/0622/c90000-9075995.html