Thursday, February 25, 2016

674 American Banks are already empty. Mr. Sanders will get nothing by breaking them.


Vox.com published an interview with Mr. Noam Chomsky, renowned linguist and author, about Messrs. Donald Trump (likely Republican Contestant) and Mr. Bernie Sanders (Democratic Rival to Ms. Hillary Clinton). Mr. Chomsky has millions of followers, and is widely respected. Click to go to Vox.com. . From the interview, one gets an impression that Mr. Donald Trump is bringing some hope by filling up the blank arising out of the failure of Neo-Liberalism. This may be difficult to agree with, though Mr. Chomsky is great and respectable.

More surprising is his postponement of arriving at a view about Mr. Bernie Sanders, the Chief Rival of Ms. Hillary Clinton. Particularly about the forthrightness of Mr. Bernie Sanders to break Wall Street Banks, Mr. Chomsky, it appears that, wanted time to examine. In his own words, here is a small quote from the interview:
"...The consequences should be carefully explored," Chomsky says. "I haven't done so. ..."

Seems to be view of interviewer at Alternet:--That's a pretty admirable stance. The way most people think about politics is they decide which politicians they admire based on general considerations — and clearly Chomsky has sympathy for what Sanders is all about — and then decide to follow their favorites' leads on specific issues. Sanders has made breaking up big banks central to his campaign, so now thousands of Sanders supporters who've probably never actually given a ton of thought to the details of bank regulation are very fired up about breaking up banks.


ybrao-a-donkey's humble comments. वैबीराव एक गधे के विनम्र राय . వైబీరావ్ గాడిద వినమ్ర వాణి. You have every right to differ with me. I respect your right. आपको मेरे मत से भिन्न राय रखने के संपूर्ण हक है। मै उस अधिकार को परिपूर्ण रूप से गौरव देता हुँ. మీకు, మీ భిన్నమైన అభిప్రాయాన్ని కలిగిఉండే సంపూర్ణ హక్కు ఉంది. దానిని ఎంతో నేను గౌరవిస్తాను. However, pl. examine this donkey's views also. परन्तु एस गधे के दृष्टिकोण को भी अनुशीलन कीजिये. కానీ ఈ గాడిద దృష్టికోణాన్ని కూడ ఓర చూపుతో కంటజూడుమీ, క్రీగంట జూడమీ.


There seems to be no need for American voters, to get so much fired up.

REASONS
If American Banks are broken up nothing can be found. Every piece of convertible wealth might have ALREADY been shifted BY WALL STREET SHARKS to China or Japan or South Korea or elsewhere in the ostensible guise of "investing abroad". There is no proper check on the activities of Wall Street Banks when they gamble on the International Financial Arena. The so called Primary, Secondary, Derivative Global Markets in which the American Banks (why pick up only American Banks, most global Banks inclusive of those from UK, France, Belgium, Luxem., Singapore, HOngkong, Shanghai, Makau. They are all nothing but glorified Cassinos, interchanging their roles with the Cassinos of Las Vegas. In the process, the Wall Street Sharks not only ruin Americna Economy, but also smash the economies of not so prosperous , but more foolish Developing Countries. It is my sanguine thinking that Mr. Bernie Sanders will develop a global true Socialist Thinking. If he confines himself to his American National boundaries, probably he may end up either with one term of four years, or may have a barren, disappointing tenure, a la his likely predecessor Mr. Barack Obama.

Of course, American Banks are role models to Indian Banks to emulate. May be true, or may not be true, Indian Banks may be as empty as the American Banks.

It is worth quoting a Telugu verse of 15th Century Telugu poet Vemana:



goDDuTAvu pituka kunDa kompOyinA
panDla nUDa tannu pAla niDadu
lObhi vAni naDuga lAbhambu lEdayA
viSva dAbhi rama vinura vEma.

If we go with an empty vessel, near a barren cow, to milk it, it does not yield us milk. It will kick us with its hind legs and knock away our teeth. There is no use of approaching a stingy sticky person for money. O vEma (poet himself), listen to me. Is shere is any change between the 14th C. and the 21st C.? No change. History just repeats.

There is also a Telugu idiom: "ajAgaLa sthanam". Ajam means a goat. gaLam is throat. We can find a sort of beard at the neck of a goat. Children think that they goat's breasts. But those flimsy breasts do not yield milk. Children will have to get disheartened, if they come to know of the truth.


I do not wish to say that Mr. Bernie Sanders is childish or child-like, when he thinks of breaking Wall Street Banks. He may, already, even know that the American Banks were already broke. ON the other hand, if Mr. Sanders gets elected, American Banks and Wall Street Banks will bring irresistible pressure on White House and the Federal Reserve Bank, to provide them sustenance. Mr. Sanders in addition, immediately after entering White House will have to find out a solution for the Upper Limit on the American Government to borrow from within the country, and from outside the country. U.S., already is the World's largest debtor, and probably the World's largest buyer of everything produced in this world, whether such imported goods are really necessary for U.S. or not.

Mr. Bernie Sanders may have to realise there is great difference between managing the Finance of a City or County Council in Vermont, and the gigantic monstrous Economy like U.S. It is not my intent to dis-spirit/ discourage Mr. Sanders. I am a great fan and well-wisher of him, because he seems to be the first American Presidential Hopeful, to sound something at least 10% Socialist.

To continue. सशेष. సశేషం.

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