South Asian Socialism

Hamidum2 Sahib,
Also, I would not invest in the rupee - Indian or Pakistan. Once the Bubbas, Leroys, and Manuels in America figure out they can`t afford any of the services being marketed or supported by the intransigent Indian call center ladies, there will be no need for outsourcing. You then will have the cruel prospect of ABCD and FOB desis and a few Koreans, Chinks, Hmongs, and Japs arguing with pretentious Indian call center guys and gals over services that only Asians in America can afford. Now, do you understand why I favor the Euro?

The dominant upper class never really migrated in those leaky wooden boats, no not even on those equally leaky and rusty steamships. This was bound to happen one day - it`s the law of natural selection. :)

Dear Hamid:

Actually, I saw an ad for those new Iraqi Dinars being sold by some bourse. I would like to buy a million or so of those for $10,000. What do you suggest? Would that be a good risk?

Respectfully submitted,

#123 by hamidm2
........should i dump the dollar and buy the somali shilling ? ...........

.......................

You are already dumping your $ at the Star-bucks.

the truth is unswerving loyalty runs in your & tahmedbutt-thesis` veins. If your were employed and resided in the Hurrmain you would have been seen dumping Riyals and humping the harems. The loyalty to Jagirdaars & when the Jagirdaar himself donned the slave-mantle, your prostrating to the forkspooned one was but, au natural.


I think the quickie muttas and several last stands of Alexander has got something to do with it.

Hamidum2 #123 {``salim mian,
it is not ``laissez-faire capitalism``, it is ``latte-fair capitalism`` ........
you are a well travelled man, what do you think - should i dump the dollar and buy the somali shilling ? ``}

Hamidum Sahib,
One of the things I learned about capitalism is the concept of absolute value. In the States, I usually bought Dunkin Donuts coffee instead of going to Starbucks - cheaper, better tasting, and usually accompanied by a carb-free doughnut filled with sugar-free jellies of all tastes. Also, while I claim to be a much better tipper than Veeresh, I do draw the line somewhere. Those stupid cups, stuffed with dollar and even five dollar bills by the employees themselves, placed at walk up counters, where we line up to satiate our own addiction to liquids, are the latest affront to genuine generosity.

Sir, please stay away from all things Somali. While those warlords may have defeated both American and Pakistani militaries, they are on a path of self-destruction. Seriously, I would consider the Euro. As it is, many wealthy Americans are buying up properties and businesses in Europe - I think that they are contemplating a Mayflower in reverse scenario.

Re: # 122

salim mian,

it is not ``laissez-faire capitalism``, it is ``latte-fair capitalism`` ........

...... i am still wonderstruck by the starbucks phenomenon - as clever as i am, i simply can`t explain it ....... every morning i stand in line to pay three dollars for a twenty seven cent cup of coffee and walk away feeling like a million bucks ........ see, that is capitalism at its best - you invest twenty seven cents and turn it into a million bucks worth of value in no time ..... it is truly amazing ! ...........

...... you are a well travelled man, what do you think - should i dump the dollar and buy the somali shilling ?

I am sorry that I missed most of this Hamidum2 aka Adam Smith show about the joys of laissez-faire capitalism. We have seen it all - Lenin`s rule of the proletariat, Mao`s long march forward, Qaddafi`s green book, Saddam`s personal billions, Bhutto`s nationalization and Benazir`s embezzlement with both hands. The Christians` ``meek shall inherit the earth`` to the Jews` ``keep it liquid`` to the Islamic ``maal-e-ghanimat,`` to the Hindu ``Bhagwan, chappaR phaR ke de`` - no society has come up with a perfect economic solution to improve the world. Greed, the mother of capitalism, appears to be the only thing that works, and more importantly makes men and women work. So, before you guys redistribute the world`s wealth, please let me know so that I can decide what to do - work as hard as I can or wait around for redistribution to make me rich? Please make up your minds, and don`t change the rules once I have become successful. Thanks,

this is a public service announcement:
(for the many chinese who visit this site) :

``When in 1970-1971 foreigners demanded payment for their dollars in gold, The U.S. Government defaulted on its payment on August 15, 1971. While the popular spin told the story of “severing the link between the dollar and gold”, in reality the denial to pay back in gold was an act of bankruptcy by the U.S. Government. Essentially, the U.S. declared itself an Empire. It had extracted an enormous amount of economic goods from the rest of the world, with no intention or ability to return those goods, and the world was powerless to respond— the world was taxed and it could not do anything about it. ``

Musa Sami {``Whilst the government is busy looting our brothers and sisters we sleep easy congratulating ourselves on a pretty penny tucked under the pillow. Western corruption is endemic in this way of living. Surely we should be the first to take a stand and make a difference. ``}

Musa Bhai,

Aw, please give me a break! Once again you are asking American Muslims (and Pakistanis not to mention you threw in the Indians for good measure!) to take a stand. Sir, we all deplore the poverty, the hunger, the diseases, and the injustice afflicting the poor in Asia, Africa, and Latin America. Perhaps, we American Muslims should have been consulted before our WTC and Pentagon offices were destroyed by suicidal fanatics. The loss of life in the 9/11 attacks, the loss of life and treasure in Afghanistan and Iraq, and the billions being ``wasted`` on security are all resources that could have helped humanity. While Sudan is killing its own darker-skinned Muslim citizens, while Pakistan refuses to repatriate its own darker-skinned citizens ``stranded`` in Pakistan, while Sunni Muslims are busy killing Shia Muslims in Iraq, Afghanistan, and Pakistan, you are asking American Muslims to ``take a stand and make a difference.`` With the paralysis unleashed on us by our Muslim ``brethren`` from the Middle East, Afghanistan, and Pakistan, we would be lucky to take a lemonade stand from a seven year old.

Re: # 117

zeemax,

............. help ! ........... what do you think about SR`s theory that the US government`s diabolical plan on colonial taxation through inflation ?....... when do you think the US is going to default on its debt to the rest of the world and then start bombing beijing if it gets too uppity and demands its money bank ?......... should we all be converting our dollars into iranian dinars and somali shillings ?????

...... personally i like the somali shilling - you can get a bag full of 1600 of those babies for a buck !............ but how many grande lattes can i buy for a somali shilling ?

............ these are burning questions and i need an answer before the banks close tonight !

p.s. as ntsyed has pointed out, i am not an economist and am sincerely looking for professional advice ....

Zeena #1 {``We did not sell our souls to America. Middle Eastern retarded countries did.
America gave us pride , awareness, freedom, respect, equal opportunities without any CORRUPTION.

On the other hand, your corruption at every level is the second and first nature of all your Muslim countries............... ``}

Zeena,
I agree with all that you said here and I especially applaud the vigor with which you stated the bitter facts. Thanks.

#107 by echoboom

The Islamic Dinar of Islamic Development Bank (IDB) is merely an accounting unit like SDR is of the IMF.

As for the other Gold/silver Dinar/Dirham, these are little more than collectors` items. The US Dollar is the undisputed and unavoidable settlement currency of the world.

“Europe is literally melting away like snow in the sun, slipping from 15.6 percent of the world population in 1950 to 10.2 percent in 1985 and 6.4 percent in 2025.” [World Population at The Turn of the Century, United Nations, New York, 1989, page 8.]

“If you look at Europe and then at other continents, the comparison is terrifying. In demographic terms, Europe is vanishing. Twenty or so years from now, our countries will be empty, and no matter what our technical strength, we shall be incapable of putting it to use” President Jacque Chirac.

“It cannot be expected that the most powerful military nations will sit still while other nations reverse the balance of power by the mere process of breeding.” (Bertrand Russel, Marriage and Morals, 1929)

The excerpts above strongly indicate prime motivation of the West`s push for ``GLOBALIZATION``. Of course they need partners and facilitators in the 3rd World, thus a few millionaire & billionnaire entrepreneurs with western franchises and/or models, bureaucrats, feudals, and monarchs in the targeted countries suits them just fine. Not to mention the handful of mediocre myopic blowhorns like few male and female chowkies here do them tremendous service, who bend over forward and backward as whoring cheerleaders for the USA, Europe, and westernized criminals of the rest of the world.

That is also the reason for growing western economic fundamentalism and extremism supported by its militarism, for their goals could not be achieved if each nation is to have it`s own economic policies according to the beliefs and cultures of its masses.

I know, then how come so many desis are able to work in the West and accumulate paltry wealth? A simple answer that comes to mind is that the rapidly shrinking populations of the west need operators and other labor, in blue collars and white, to keep their machinery humming while they venture outbound across territories. To believe that these economic terrorists have found religion overnight and become model humanitarians is a fools dream. Otherwise there wouldn`t be famine and starvation anywhere on the planet earth. Bill & Melinda are exceptions to the rule and there are a few more like them, only a few.

Has anyone ever wondered about the most efficient agency of the UNO? World Bank! The rest of agencies have failed miserably. Phulllleeeeeelease don`t quote statistics here, for G. Carlin rightly puts it that 95% of all stats are made up on the spot and the UNO doesn`t count among the remaining 5%.

The struggle is not against the western opulance and their general lifestyle; it is against unjust hegemony and diabolism to promote freedom across the globe as long as it deepens the pockets of the corporate elite and their puppet politicians. Otherwise, there has to be a color coded revolution with the label of ``Freedom`` to force the masses into western slavery via proxy economics and governmental control.

I hope you all enjoyed the videos at the links I provided in 114 to be able to see beneath the covers.


:-)~~

Musa,

Re the breakdown of US debt, it is as follows as on April 30, 2006:

Marketable debt : $ 4.28 trillion (Held by public).
Non-Marketable Debt : $ 4.07 trillion (Held by intragovernmental holdings)
Total: $ 8.35 trillion.

What we are concerned with here is the Marketable Debt held by the public because the non-marketable one is held by `US Intragovernmental Holdings` i.e. various US government trust funds etc.

Out of the $4.28 trillion of marketable debt, $ 2.23 trillion is held by foreign central banks and institutions. Rest is by US corporations etc.

In short, half of the total US debt is held by US government itself towards pension liabilities etc, one/quarter by US residents, and one/quarter by foreigners ... mainly exporters to US e.g. Japan, China, Taiwan, Korea and UK.

Complete details are available below.

http://www.treasury.gov/tic/mfh.txt

http://www.publicdebt.treas.gov/opd/opds042006.htm

Re: # 113

oops...

``http://video.google.com/videoplay?docid=-1921276117304287501``

``http://www.youtube.com/watch?v=3r81RCp7mqY``

If clicking doesn`t work, then cut-n-paste the URLs.

Re: # 100

``...a lot more than the islamist kooks who think 911 was a conspiracy hatched by cheney and his lesbian daughter to take over all the oil in the middle east...``

``For your eyes only`` Don`t forget to watch the rest of the 5 parts listed on the page.

``Still, for your eyes only``

Cheers ;-)~~

Re: # 86
Dear writer,
I believe it is important to differentiate between theory and practice. Without going into the basics, probably the most important aspect of capitalism offered is a social system based on the principle of individual rights. What you allude too is basically crony capitalism, exploitation of ideas, misuse of power and deliberate subjugation of resources to benefit the few versus the majority ie monoply. Surely you will agree that capitalism does not support monopolies which are inefficient and detrimental to the free market system.

Capitalism may not be the perfect model, but then again it is the best performing philosophy when compared to other ism`s and has a proven track record when we look at the emerging economies of Asia or those of the developed world where free markets were allowed to prosper. Compare this to state managed economies such as the Soviet Union or for that matter the oil rich ME economies dominated by the state, huge interest groups and family ownerships, not much value has been added relative to a free market economy such as Finland, Denmark, England or Singapore.

Recognizing the power of free markets, communist countries with strict socialist agendas such as China have decided to allow free markets to develope and they are already experiencing phenomenal growth.

On a separate note, not all migrations are economic-you have forced evicitions in the form of jews being shunted out of Europe, Muslims being hoarded out of Spain and in contemporary history Bosnia/Chechnya. Then you have the aggressors/crusaders/jihadists/vikings who dare to venture in other lands in pursuite of wealth, glory and martyrdom. It is the later spirit which drives uncle sam of today which has nothing to do with capitalism.