The FINAL STEP To Bankrupt India Is Being Proposed.

The FINAL STEP To Bankrupt India Is Being Proposed
      The following excerpt is from the above link,though the whole article is relevant:-
".The Finance Ministry is also looking at removal of legal and regulatory constraints for introduction of new products such as covered bonds, municipal bonds and credit defaults swaps.

Mayaram said there was a need to look at new instruments for supporting investments in infrastructure. “We are open to all ideas and more suggestions as we would like to widen the repertoire of instruments available for financing of infrastructure,” he said.

He also said that lot of sovereign wealth funds and foreign pension funds had evinced interest in infrastructure debt funds."

       Many Municipalities in the US,Italy and France have been BANKRUPTED,misusing this method.that is,Municipal Bonds,along with Derivatives like CDS,Floating Interest rates etc.Manipulation of these,is reportedly,done by the Bankers.The recent LIBOR interest rate fixing scandal is an example.

     Now let's see.This is the FINAL STEP to BANKRUPT India by M M Singh.For one,the CDS are very dangerous and should not be allowed.
    Warren Buffet has warned that Municipal Bonds are NOT at all SAFE.......

1.In 2003 under the NDA,the Current Account had a HUGE SURPLUS.M M Singh made it a huge DEFICIT.

2.The Fiscal deficit is DELIBERATELY KEPT HIGH,on the diktat of the IMF and the World Bank.This is usually,the first step to BANKRUPT Nations,by the puppets of the IMF and the World Bank.This can easily be reduced,but the following have NOT been STOPPED!

i)The massive STIMULI,which are nothing, but SUBSIDIES to the rich,a la the USA,under Bush.The amount from 2008,has been reported to be a whopping Rs 13 LAKH CRORES.The wealth of the Indians has been ERODED by 200% from 2008.That is,Re 1 in 2008 is equivalent to Rs 3,now,in 2012.

ii)The LIE,called,UNDER-RECOVERIES,by the OMCs started ONLY in 2005,after M M Singh, became PM in 2004.There is no TRANSPARENCY in this.The amount so far may be Rs 6 to 7 LAKH  CRORES from 2005,the  figure being Rs 1,38,000 CRORES in the last Fiscal.

3. Divestment out of PSUs is going on.There will be nothing to fall back upon during an emergency,as the family Silver is being sold,at a cheap rate to the International bankers via the Casino,called,Stock Markets.

4.Now, this dangerous idea, for a huge investment in Infra by dubious,Financing.
5.In THIS link,please go through:- "VI.MUNICIPAL DEBT : THE SILENT KILLER'

      M M Singh has destroyed India.But,that is, what he has been PLANTED for,by his Globalist masters.
       Now the Indira Congress party-led Coalition,UPA II,is contemplating selling the surplus land owned by the Ministries and PSUs.The aim is similar to Divestment out of PSUs.Selling the Family Silver at a cheap rate,as land value will ALWAYS go up,in places like India,where the population IS high.The aim is,NOT TO HAVE ANY RESERVE WITH THE GOVERNMENT so that PRIVATE FUNDING WILL BE MANDATORY,for many projects.THAT IS,BANKRUPTING THE NATION..... 
    It is worth noting that,except China,many nations have become BANKRUPT after HUGE spending on Infrastructure.Greece after THE 2004 Olympics,is a case in point.Perhaps,Spain too,after a huge construction,spree.

To be continued........