......as,the Derivatives,which caused the Crash in 2008,have remained as they were,due to the POWER of the Bankers:-
i)Unregulated
ii)In hands of a few Bankers in SECRET
[NO TRANSPARENCY]
iii)Highly leveraged,creating high instability and volatility.
iv)Huge.....reportedly,$1.5 Quadrillion
Shadow Banking,poses problems.but has been allowed with caveats,effectively making the so-called "regulations", INEFFECTIVE!!!What is the point, in having the "Basels"?
Now about the International Financial Architecture:-
1.The main problems remain......
As per THIS link:-
"i)The global financial crisis that precipitated in 2007 and 2008 shared some of the key features exhibited by the wave of international financial crises in the 1990s, including accelerated capital influxes,......
[India is now facing "CHEAP MONEY IN,CHEAP MONEY OUT",policy,creating volatility,in India's Rupee,but as per this LINK, M M Singh syays Capital Controls are NOT needed!].
.........weak regulatory frameworks, relaxed monetary policies, herd behavior during investment bubbles, collapsing asset prices, and massive de-leveraging. The systemic problems originated from within the United States and other advanced nations
[My Comment:-
CAPITAL CONTROLs needed.]
ii)Birth of the World Trade Organization
Main article: World Trade Organization
WTO Fourth Global Review of Aid for Trade: “Connecting to value chains” - 8-10 July 2013.[38]
The Uruguay Round of GATT multilateral trade negotiations took place from 1986 to 1994, with 123 nations becoming party to the series of agreements achieved throughout the negotiations. Among the achievements were trade liberalization in agricultural goods and textiles, the General Agreement on Trade in Services, and agreements on intellectual property rights issues. One of the key manifestations of this round of negotiations was the Marrakech Agreement signed in April 1994, which established the World Trade Organization (WTO). The WTO is a chartered multilateral trade organization, charged with continuing the GATT mandate to promote trade, govern trade relations, and limit or prevent damaging trade practices and policies. The WTO became operational in January 1995. Compared with its GATT secretariat predecessor, the WTO features an improved mechanism for the settlement of trade disputes since the organization is membership-based and not dependent on the achievement of consensus as in a traditional trade negotiation. This function was designed to address prior weaknesses, whereby parties in dispute would invoke delays, attempt to obstruct negotiations, or fall back on weak enforcement.[16]:47[8]:181[13]:459-460 In 1997, WTO members reached a financial services agreement and made commitments to soften restrictions on foreign commercial financial services providers, including banking services, securities trading, and insurance services. These financial services commitments entered into force in March 1999, and at that time consisted of at least 70 governments accounting for approximately 95% of worldwide financial services.[39]
iii)Following research on the systemic crises that plagued developing countries throughout the 1990s, economists have reached a consensus that liberalization of capital flows carries important prerequisites if these countries are to observe the benefits offered by financial globalization. Such conditions include stable macroeconomic policies, healthy fiscal policy, robust bank regulations, and strong legal protection of property rights.
As regards India,the Fiscal Deficit and other factors like CAD etc are being kept DELIBERATELY HIGH to usher in anti-India and pro-MNC polices.That is.M M Singh is not only wrong,but BANKRUPTING India,deliberately too!
Bank Regulations in India are ineffective,in the wake of the cobra-Post sting operations......Even the heavy loss of Rs 25 lakh Crores,by India Inc ,was brushed away with petty fines on the Bankers,by 2013 or so.PSU Banks' money is used for Elections[freebies,subsidies..].Thus the PSU Banks have huge NPAs.
The so-called,"under-recoveries",being FALSELY claimed by the OMCs,saying that they are "LOSSES",is a Con Game,in which M M Singh,seems to be involved,as these "under-recoveries",were started ONLY in 2005.
[1.M M Singh became PM in 2004.
2.Vikram Singh Mehta,ex-CEO Shell India,was an ADVISOR,to the Ministry Of Oil And Gas for 4 years!]
Thus when the Rupee,weakens against the US Dollar,the "under-recoveries" ,increase,INCREASING the Fiscal Deficit!]
Now BIS,IMF etc have for all practical purposes not helped.....
According to THIS link,the Global Elites,are trying for One World Government with IMF as the Global Central Bank.
To be continued.......
i)Unregulated
ii)In hands of a few Bankers in SECRET
[NO TRANSPARENCY]
iii)Highly leveraged,creating high instability and volatility.
iv)Huge.....reportedly,$1.5 Quadrillion
Shadow Banking,poses problems.but has been allowed with caveats,effectively making the so-called "regulations", INEFFECTIVE!!!What is the point, in having the "Basels"?
Now about the International Financial Architecture:-
1.The main problems remain......
As per THIS link:-
"i)The global financial crisis that precipitated in 2007 and 2008 shared some of the key features exhibited by the wave of international financial crises in the 1990s, including accelerated capital influxes,......
[India is now facing "CHEAP MONEY IN,CHEAP MONEY OUT",policy,creating volatility,in India's Rupee,but as per this LINK, M M Singh syays Capital Controls are NOT needed!].
.........weak regulatory frameworks, relaxed monetary policies, herd behavior during investment bubbles, collapsing asset prices, and massive de-leveraging. The systemic problems originated from within the United States and other advanced nations
[My Comment:-
CAPITAL CONTROLs needed.]
ii)Birth of the World Trade Organization
Main article: World Trade Organization
WTO Fourth Global Review of Aid for Trade: “Connecting to value chains” - 8-10 July 2013.[38]
The Uruguay Round of GATT multilateral trade negotiations took place from 1986 to 1994, with 123 nations becoming party to the series of agreements achieved throughout the negotiations. Among the achievements were trade liberalization in agricultural goods and textiles, the General Agreement on Trade in Services, and agreements on intellectual property rights issues. One of the key manifestations of this round of negotiations was the Marrakech Agreement signed in April 1994, which established the World Trade Organization (WTO). The WTO is a chartered multilateral trade organization, charged with continuing the GATT mandate to promote trade, govern trade relations, and limit or prevent damaging trade practices and policies. The WTO became operational in January 1995. Compared with its GATT secretariat predecessor, the WTO features an improved mechanism for the settlement of trade disputes since the organization is membership-based and not dependent on the achievement of consensus as in a traditional trade negotiation. This function was designed to address prior weaknesses, whereby parties in dispute would invoke delays, attempt to obstruct negotiations, or fall back on weak enforcement.[16]:47[8]:181[13]:459-460 In 1997, WTO members reached a financial services agreement and made commitments to soften restrictions on foreign commercial financial services providers, including banking services, securities trading, and insurance services. These financial services commitments entered into force in March 1999, and at that time consisted of at least 70 governments accounting for approximately 95% of worldwide financial services.[39]
iii)Following research on the systemic crises that plagued developing countries throughout the 1990s, economists have reached a consensus that liberalization of capital flows carries important prerequisites if these countries are to observe the benefits offered by financial globalization. Such conditions include stable macroeconomic policies, healthy fiscal policy, robust bank regulations, and strong legal protection of property rights.
As regards India,the Fiscal Deficit and other factors like CAD etc are being kept DELIBERATELY HIGH to usher in anti-India and pro-MNC polices.That is.M M Singh is not only wrong,but BANKRUPTING India,deliberately too!
Bank Regulations in India are ineffective,in the wake of the cobra-Post sting operations......Even the heavy loss of Rs 25 lakh Crores,by India Inc ,was brushed away with petty fines on the Bankers,by 2013 or so.PSU Banks' money is used for Elections[freebies,subsidies..].Thus the PSU Banks have huge NPAs.
The so-called,"under-recoveries",being FALSELY claimed by the OMCs,saying that they are "LOSSES",is a Con Game,in which M M Singh,seems to be involved,as these "under-recoveries",were started ONLY in 2005.
[1.M M Singh became PM in 2004.
2.Vikram Singh Mehta,ex-CEO Shell India,was an ADVISOR,to the Ministry Of Oil And Gas for 4 years!]
Thus when the Rupee,weakens against the US Dollar,the "under-recoveries" ,increase,INCREASING the Fiscal Deficit!]
Now BIS,IMF etc have for all practical purposes not helped.....
According to THIS link,the Global Elites,are trying for One World Government with IMF as the Global Central Bank.
To be continued.......
No comments:
Post a Comment