An Indian Civilizational Perspective

Current Financial Mess – what is it and what can happen

Repeatedly, the analysts from Republican side have been stressing that they did not want to pay the Wall Street players for their cheating. And THAT is why they would not want the bail out to happen.

That is a great reason for anger.

But the truth is FAR bigger and more profound for the world around. Stock Market, as CNN’s Ali Velshi has been at pain to explain – a “Side Show”! The real story is the freezing of Credit markets! What does that mean for an ordinary person? I am reminded of Urdu couplet:

Dil jala hai to zaalim, ghar bhi jala kar dekh;
Duniya ko pata to chale ki aag lagi hai!

(If your heart is on fire, lets put our house on fire as well;
At least the world will know that something is on fire)

I have tried to link the reasons for the mess and the future effects of the mess for all of us.


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4 Comments
  1. Anonymous says

    STICY GREEDY GREASE

    How this frozen credit crunch will melt now
    This time it seems it will take long
    Due to global warming the cycles of weather
    Has change, winter is going to stay long
    As they do on poles, no forthcoming poll at U states
    Will be able to kindle the assets of fire without the matchbox
    What we will do now
    Ah now we have all the time to sit and meditate
    Where we went wrong
    Giants outbalanced their lending overboard
    Or the recipient soldiers sold their barrack in cheap
    To face the sub prime crises
    Who is at fault
    The system
    Wall street
    The care taker of system or
    Or such bonafied beneficiary
    Who outraged their limits?
    Or is it the occurrence of black swan
    Which looks to be not
    Everything in past came at very ease
    Now peace and job will come at a cost
    Things are not easy Mr Bush
    Saraha this is not a beauty pageant walks
    Eventually the whole world is going to effect
    Or is made to effect?
    Thank God the day has to come and has come
    and we will see some refinement now

  2. Anonymous says

    STICY GREEDY GREASE

    How this frozen credit crunch will melt now
    This time it seems it will take long
    Due to global warming the cycles of weather
    Has change, winter is going to stay long
    As they do on poles, no forthcoming poll at U states
    Will be able to kindle the assets of fire without the matchbox
    What we will do now
    Ah now we have all the time to sit and meditate
    Where we went wrong
    Giants outbalanced their lending overboard
    Or the recipient soldiers sold their barrack in cheap
    To face the sub prime crises
    Who is at fault
    The system
    Wall street
    The care taker of system or
    Or such bonafied beneficiary
    Who outraged their limits?
    Or is it the occurrence of black swan
    Which looks to be not
    Everything in past came at very ease
    Now peace and job will come at a cost
    Things are not easy Mr Bush
    Saraha this is not a beauty pageant walks
    Eventually the whole world is going to effect
    Or is made to effect?
    Thank God the day has to come and has come
    and we will see some refinement now

  3. Desh says

    Thanks, Pramila, very interesting take and that too in verse! You are truly gifted to even think of an issue as mired in economics and finance as this in poetry!

  4. Desh says

    Thanks, Pramila, very interesting take and that too in verse! You are truly gifted to even think of an issue as mired in economics and finance as this in poetry!

Comments are closed.

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