Sunday 21 December 2014

Key teaching of PK movie

I watched the PK movie and liked it. The movie had an important teaching.
I discussed the movie with many of my friends. Unfortunately, even though they enjoyed the movie; almost everyone missed the key teaching of the movie.

In my opinion, the message of PK movie is that there are two Gods.

  1. God has created us. We know nothing about this God. Anything said about this God cannot be proven.
  2. Humans have created multiple Gods. These Gods typically punish us and demand sacrifices. These Gods are mostly cruel. These Gods exist solely for the interests of its mangers (so-called religious experts). The goal behind the creation of these Gods is domination of majority for the benefit of few.

The God that Hindus worship is wrong number. The Allah that Muslims bow before is wrong number. The God that demands confession for sins in Christianity is wrong number. The book worshipped by Sikhs is wrong number. Here, people worship out of fear of cruel God. The managers of these religions solely benefit from this fear.


Wednesday 17 December 2014

RBI causes loss for Indians.

In Nov 2013, RBI allowed Indian banks to borrow US $34 billion for 3 years. Reference. The exchange rate was guaranteed by RBI. Interest rates for US $ is much lower than the interest rate for Indian rupee. So many banks took advantage of RBI's scheme.

Now Indian rupee is falling. This means that banks borrowed at cheap interest rates and the exchange rate loss will be borne by Indian taxpayers. So effectively RBI has transferred the wealth of Indian taxpayers to mostly private banks.

This policy was architected by the then finance minister P. Chidambaram and RBI Governer Rahuram Rajan. Chidambaram did not give an extension to the previous RBI governer Subbarao. It seems that Subbarao was not willing to co-operate with Chidambaram's corrupt policies.

This is just an example of how wealth is transferred to big corporates with the blessing of government. Of course, the big corporates are happy to give huge donations to political parties.


Wednesday 10 December 2014

India's inflation rate is 11%

RBI has released the Money supply statistics till 5-Dec-2014. Reference.
One year ago, inflation in India was 14.9% (as per M3 money supply). Now, the inflation in India is 11.0%. This is a huge achievement for BJP government led by Modi. The Congress (UPA) government had consistent high inflation. In just 6 months, BJP (Modi) has reduced inflation by nearly 4%.


Saturday 6 December 2014

Why is oil price dropping?

About 6 months ago, oil was over US $110 /bbl. Today oil is less US $69 /bbl. Why is the oil price falling? How long will this fall continue?

USA wants to overthrow Assad in Syria. Once Assad fall, Iran can also be attacked directly or covertly. Without Syria falling, Iran cannot be attached. USA wants Muslim Brotherhood or some other Muslim fundamentalist organization in Middle East.
Russia is supporting Assad. So USA has been failing to overthrow Assad. USA knows that unless Russia give up support to Assad, Syria will not fall.
Russia major export is oil. If oil prices drop, Russia will have economic problems; Russia will have difficulty in supporting military operations in Syria. Russian Rouble has fallen by a huge percentage in last few months because of falling oil prices.
I believe USA government is behind the dramatic fall in oil prices. It has been done to harm Russia

I believe USA will keep oil prices low i.e. below $ 70/bbl for next few months. But oil prices cannot be manipulated always. Sometime, during the next 2 years, oil will jump above $100/bbl.

In short term, speculators can short oil to make profile. Long term investors should be long oil to profit; but the ride will likely have many sharp turns.