Showing posts with label money. Show all posts
Sardarji Strikes Back..
Posted in banta, crores, India, KBC, manmohan singh, money, prime minister, prize, santa, Sardar, Sardarji, win
Sardarji is in a Quiz Contest trying to win prize money of Rs.2 crore.
A) 116
B) 99
C) 100
D) 150
Sardar says "I will skip this"
2) In which country are the Panama hats made?
A) BRASIL
B) CHILE
C) PANAMA
D) EQUADOR
Sardar asks for help from the University students
3) In which month do the Russians celebrate the October Revolution?
A) JANUARY
B) SEPTEMBER
C) OCTOBER
D) NOVEMBER
Sardar asks for help from general public
4) Which of these was King George VI first name?
A) EDER
B) ALBERT
C) GEORGE
D) MANOEL
Sardar asks for lucky cards
5) The Canary islands, in the Pacific Ocean , has its name based on
which animal:
A) CANARY BIRD
B) KANGAROO
C) PUPPY
D) RAT
Sardar gives up.
The questions are as follows:
A) 116
B) 99
C) 100
D) 150
Sardar says "I will skip this"
2) In which country are the Panama hats made?
A) BRASIL
B) CHILE
C) PANAMA
D) EQUADOR
Sardar asks for help from the University students
3) In which month do the Russians celebrate the October Revolution?
A) JANUARY
B) SEPTEMBER
C) OCTOBER
D) NOVEMBER
Sardar asks for help from general public
4) Which of these was King George VI first name?
A) EDER
B) ALBERT
C) GEORGE
D) MANOEL
Sardar asks for lucky cards
5) The Canary islands, in the Pacific Ocean , has its name based on
which animal:
A) CANARY BIRD
B) KANGAROO
C) PUPPY
D) RAT
Sardar gives up.
LOOK DOWN.......
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If u think you are indeed clever and laughed at Sardar's replies, then please check the answers below:
1) The 100 year war lasted 116 years from 1337-1453
2) The Panama hat is made in Equador
3) The October revolution is celebrated in November
4) King George's first name was Albert. In 1936 he changed his name.
5) Puppy. The Latin name is INSULARIA CANARIA which means islands of the puppies.
......Don't ever laugh at a Sardar again
On behalf of,
Manmohan Singh,
Prime Minister , India
Project Manager working in an MNC, as usual after lunch
goes to the cafeteria for coffee.
He relaxes in canteen.
He sees a canteen boy cleaning tables there.
So he decides to have fun with him.
He calls him.
Then The Discussion Goes Like This
Project Manager - (Asks canteen boy) : How much do you earn?
Canteen boy smiles...
Project Manager - what are your future plans?
Canteen boy keeps quiet...
Project Manager - where do you see yourself 10 years down the line?
Canteen boy gives a cold stare.
Project Manager – In The Beginning When I came Here (BNGLR)…
I Don't Have Anything…....
And Now…
I Have Everything….Like…Money…Fame…
And What Do U Have
Canteen boy – " Sir…..I Have Work "
Project Manager leaves the cafeteria silently.......
PART 1
PART 2
PART 2
PART 3
PART 4
Japanese save a lot. They do not spend much. Also Japan exports far more than it imports. Has an annual trade surplus of over $100 billions. Yet Japanese economy is considered weak, even collapsing. Americans spend, save little. Also US imports more than it exports. Has an annual trade deficit of over $400 billion. Yet, the American economy is considered strong and trusted to get stronger. But where from do Americans get money to spend? They borrow from Japan , China and even India . Virtually others save for the US to spend. Global savings are mostly invested in US, in dollars.India itself keeps its foreign currency assets of over $50 billions in US securities. China has sunk over $160 billion in US securities. Japan's stakes in US securities is in trillions.
Result:
The US has taken over $5 trillion from the world. So, as the world saves for the US , Americans spend freely. Today, to keep the US consumption going, that is for the US economy to work, other countries have to remit $180 billion every quarter, which is $2 billion a day, to the US ! Otherwise the US economy would go for a six. So will the global economy. The result will be no different if US consumers begin consuming less.
A Chinese economist asked a neat question. Who has invested more, US in China , or China in US? The US has invested in China less than half of what China has invested in US. The same is the case with India . We have invested in US over $50 billion. But the US has invested less than $20 billion in India .
Why the world is after US? The secret lies in the American spending, that they hardly save. In fact they use their credit cards to spend their future income. That the US spends is what makes it attractive to export to the US . So US imports more than what it exports year after year.
The result:
The world is dependent on US consumption for its growth. By its deepening culture of consumption, the US has habituated the world to feed on US consumption. But as the US needs money to finance its consumption, the world provides the money. It's like a shopkeeper providing the money to a customer so that the customer keeps buying from the shop. If the customer will not buy, the shop won't have business, unless the shopkeeper funds him. The US is like the lucky customer. And the world is like the helpless shopkeeper financier. Who is America 's biggest shopkeeper financier? Japan of course. Yet it's Japan which is regarded as weak. Modern economists complain that Japanese do not spend, so they do not grow. To force the Japanese to spend, the Japanese government exerted it self, reduced the savings rates, even charged the savers. Even then the Japanese did not spend (habits don't change, even with taxes, do they?). Their traditional postal savings alone is over$1.2 trillions, about three times the Indian GDP. Thus, savings, far from being the strength of Japan , has become its pain. Hence, what is the lesson? That is, a nation cannot grow unless the people spend, not save. Not just spend, but borrow and spend. Dr. Jagdish Bhagwati, the famous Indian-born economist in the US , told Manmohan Singh that Indians wastefully save. Ask them to spend, on imported cars and, seriously, even on cosmetics! This will put India on a growth curve. "Saving is sin, and spending is virtue." Before you follow this neo economics, get some fools to save so that you can borrow from them and spend.
Result:
The US has taken over $5 trillion from the world. So, as the world saves for the US , Americans spend freely. Today, to keep the US consumption going, that is for the US economy to work, other countries have to remit $180 billion every quarter, which is $2 billion a day, to the US ! Otherwise the US economy would go for a six. So will the global economy. The result will be no different if US consumers begin consuming less.
A Chinese economist asked a neat question. Who has invested more, US in China , or China in US? The US has invested in China less than half of what China has invested in US. The same is the case with India . We have invested in US over $50 billion. But the US has invested less than $20 billion in India .
Why the world is after US? The secret lies in the American spending, that they hardly save. In fact they use their credit cards to spend their future income. That the US spends is what makes it attractive to export to the US . So US imports more than what it exports year after year.
The result:
The world is dependent on US consumption for its growth. By its deepening culture of consumption, the US has habituated the world to feed on US consumption. But as the US needs money to finance its consumption, the world provides the money. It's like a shopkeeper providing the money to a customer so that the customer keeps buying from the shop. If the customer will not buy, the shop won't have business, unless the shopkeeper funds him. The US is like the lucky customer. And the world is like the helpless shopkeeper financier. Who is America 's biggest shopkeeper financier? Japan of course. Yet it's Japan which is regarded as weak. Modern economists complain that Japanese do not spend, so they do not grow. To force the Japanese to spend, the Japanese government exerted it self, reduced the savings rates, even charged the savers. Even then the Japanese did not spend (habits don't change, even with taxes, do they?). Their traditional postal savings alone is over$1.2 trillions, about three times the Indian GDP. Thus, savings, far from being the strength of Japan , has become its pain. Hence, what is the lesson? That is, a nation cannot grow unless the people spend, not save. Not just spend, but borrow and spend. Dr. Jagdish Bhagwati, the famous Indian-born economist in the US , told Manmohan Singh that Indians wastefully save. Ask them to spend, on imported cars and, seriously, even on cosmetics! This will put India on a growth curve. "Saving is sin, and spending is virtue." Before you follow this neo economics, get some fools to save so that you can borrow from them and spend.
