Ranjan Ramakrishnan - Comments

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GDP: 2.3% Is Pathetic, No Matter What Anyone Else Says
8 years ago

The business community has become very irresponsible in raking in heavy profits as well buying businesses like malls and food chains with no monies invested totally smacking the bank for loans and goofs in the bank favor them the loans when their desires are looked after under the table. There is too much happening now all over the world which is very negative for the whole world. Ratio to loans and deposits in the bank is increasing towards loans more than retaining deposits and securing them. People will be the big losers. They should come out and warn the banks or else withdraw their deposits and leave the monies at home in neatly tucked away vaults. Bank bosses are a wild bunch now who have no sympathy to protect the institution of banking. All want bonuses for approving loans from the public deposits. The business community is viciously exploiting the situation. America saw this in discounted mortgages at the banks - many loans were disqualified but the people gave the properties back to the financing bank in utter disbelief as they were not guided to use caution with the property prices artificially jacked up by the irresponsible agents. IN many world cities this is again happening - an interest rate increase by two percent will crack up many mortgages. Prices are so unrealistic and no one wants to control from the government. This is not free enterprise it is flea enterprise to pull down the economies all over the world. Pl be sensible and legislate proper loan rates for mortgages. 1.75% mortgage if goes up by two percent the new home owners or the first time home owners will be done. A rate around 5-6% is more suitable to stabilize prices of properties and stop the mad rush to buy properties at any price as if there is going to be a shortage of homes in N America. Mediterranean rim countries in Europe are teetering. Greece is in big time trouble. Italy France Spain Portugal even UK is no where sound with heavy debt loads, with prices of ordinary requirements sky rocketing, pl arrest the irresponsible ways the business is allowed to exploit and instill rules and controls. Mischief and irresponsibility is ruling the world - no one cares - will bring a very difficult situation if not checked soon. Intelligent and benign minds should get together and pl control this rat race of no avail. If not done soon, all the banks will have loan ratio more than deposits - meaning in red the figures which should be blue - reflecting the health of the bank which is no health but 'bank ebola'. Business can never be responsible. It needs to be checked in many areas of investment and advances against the supposed appreciation of existing properties etc., should be seriously studied and weighed with a sharp eye on the financial institutions health.30% loan and 70% deposits should be the stable ratio at the banks. The way the loans are given today to wild business groups the whole world will crack up and go bankrupt with these crooks smiling with loads of monies put away and as properties. Where are the genuine experts - all sleeping - letting the world enter into a disaster zone - without any responsibility whatsoever. Pl sincere people with talents in business get together and arrest what is happening imposing restrictions. Free enterprise wrongly projected is eating up the economies of the world. May the genuine masters bring in normalcy and caution arresting erosion of all wealth held at the banks.

The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis
8 years ago

this is your assumption. there is much awareness in the world and they know how much usd is worth today in real monies! Carrying hopes like you was in history now it is a myth. Not possible at all. USA is in a lot of trouble and it will not be long as you will see this lovely nation will be let down by it's own crooks who give a damn to any thing except for themselves owning a lot of monies not in currencies but in in bullion and other rare metals and properties.

Crooks can live only for some time not all the while without being noticed!

Not only in America but all over the world it is crooks game ground not for much long though!

The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis
8 years ago

This garbage of bankruptcy of Mediterranean rim countries and other places is a huge farce. In the name of free enterprise these countries will not talk about the conduct of the businesses with total mad freedom for the businesses to function without any control whatsoever. The businesses riff raff every where from retail to whole sale and commercial retail places - Malls - changing hands too frequently and the prices going up in the process due manipulation by the crooked business property owners who have no respect whatsoever for the citizens of the respective nations or for the government but a sneering desire to wreck the nations irresponsibly by increasing commercial space values way and for beyond imagination thus charging very heavy unimaginable crazy rents and transferring the value to the retailers as rents which has become abominable now making them sell an item for one unit price at 300times the price even then the retailer cannot make profit as they have a clause in the lease that the rent payable is higher of the two factors percentage of gross sales versus rents charged.

Unlisted stocks - completely bandits domain - float shares of no value and artificially buying among themselves 10million stocks at five cents of the local currency and then imaginatively increasing values to one unit of money to two per stock - already enough monies are accumulated/added up - preparing with pre -arranged lawyers the closure/bankruptcy papers for the respective unlisted stock, pull it out and send notices to the stock holders that the company did not meet the goal and so has decided to go bankrupt thus denying every thing the public invested. Behind the doors celebrating so many millions pulled from the innocent people with cover from bastard lawyers who are also paid heftily by the gang of crooked share market players.

The governments in these nations notably the most notorious of all the United Kingdom has the maximum screw up which steals, bankrupts, and does every thing illegal in hurting their own people plus the international duffers who carry a lot of money without a smart head and liquidate them.

A wild culture has evolved in the name of innovative finance mobilizing and even has support in Harvard of Boston!

This sickness should stop soon other wise this plague introduced by crooks will wallop country after country turning them all bankrupt.

Banks huge culprits in collusion with the crooked deal makers and their crooked lawyers and accountants in lending most of the monies as well in the bank where notorious officers without any regard for the institution which has been preserved for years safekeeping people's savings and other wealth were giving away the deposit monies as finance deals - which monies I am sure will not come back - remember the US Banks failure few years ago when they used to discount manipulated sale deeds for properties and discounting them to the financial institutions pulling all monies and the loans most of them not paid by the property holders who were dejected due crooked dealings with the agents and cannot afford in the process bankrupted themselves and the small and big banks followed them.

This sickness has manifested in many forms now which is a like rodents munching away the deposits in banks and finance companies. Monies are taken away from every source from people to financial institutions and crooks hide them in the form of properties gold and silver bullion and even copper metal bars etc.

Governments run by crooked elected members are also having a party of riff raffling the ordinary citizens with higher taxes for services in the nation for them to live commute et al. crying falsely that every thing is coming to a stand still - claiming the currencies have lost values etc.

They further interfere in the pension payments welfare payments and child support payments saying lies like the Canadian Premier Harper who has no ethics whatsoever and taking the cover of the dubious market environment reduce the above mentioned payments to the feeble and week. But will not shall not introduce any corrective measures in checking businesses banks etc to maintain the bank deposits of the people which is really the asset of the nation.

Thus utter chaos and confusion is already created to have a final declaration that the monies are not worth any thing as the countries deposits are lost to crooks and they have to print more monies without real value support. USA did it three times in the last 15 years each time floating 700Billion US Dollars to support the economy. But still try dominating in the market with higher value for their currency (artificially) which is not worth even fifty cents of their own calculations, is being traded in money markets at high prices and to support are bullying small nations and forcing them to accept reduced value for their currencies.

The whole world has been taken over by crooks and only crooks who have started ransacking the whole free world of it's wealth. Where are we going this route? People pl wake up before it is too late.

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