California – Economic Data

[memberonly]

California

–

Economic Data

Padmini Arhant

California Economy: 

“California’s $3+ trillion GDP is an enormous figure in its own right, so it’s no surprise that it is larger than certain nations’ economic output. But even when comparing with economies like Malaysia, Colombia, and Finland, all among the top 50 countries by GDP, California stands tall.

California’s GDP in 2022 was $3.6T, representing 14.3% of the total U.S. economy. If California were a country, it would be the 5th largest economy in the world, and more productive than India and the United Kingdom.

If California were a sovereign nation (2022), it would rank in terms of nominal GDP as the world’s fifth largest economy, behind Germany and ahead of India.”

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The important factor about California is with 39 million population generating $3.6 Trillion GDP growth. The stellar performance ranked as 5th largest economy in the world in return contributing to and enhancing United States economy to rank number one in the global arena is an impressive milestone.

Proud of the Golden State – California.

Padmini Arhant 

Feet on Fire – Bully, Bribe and Bankrupt

Caution: As stated earlier under FYI on this site, the articles and information published in this domain and sub-domain are factual, well founded and abundantly substantiated with verifiable data.

Accordingly, the readers, viewers and visitors to this site appreciating freedom of press, ethics, integrity and unbiased analyses required in candid publications are extended warm welcome. 

Simultaneously, those who prefer the contrary viz. the political establishment and their recruits in media as well as social domain having zero tolerance to facts based truthful presentation are advised not to visit the site in recognition of their contradictory position. 

Padmini Arhant 

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Feet on Fire

–

Bully, Bribe and Bankrupt 

Padmini Arhant

 

The New Delhi executive branch arsenic strategy upon feet held on fire are bully, bribe and bankruptcy.

Bully – the nations in South Asia – Indian sub -continent viz. Nepal, Bangladesh, Sri Lanka, Bhutan and Pakistan. Maldives on Indian Ocean. These nations are in fact caught between China and India in economic trade war.

India investment in power and infrastructure projects in these countries are proved to exclusively benefit  New Delhi’s  close partner Adani groups as opposed to Indian economy in entirety or for that matter the population in any of these host nations in the territory. As a result, the latter is hamstrung to oblige New Delhi’s lopsided demand.

Unlike New Delhi policy with South Asian nations briefed above, the approach with the west is appeasement and appreciation.

Bribe – the west expending multi-billion dollars in purchase of hundreds of aircrafts by funding Indian oligarchy in aviation industry using Indian tax payers money and expatriate foreign remittance.

The funds generally derived from Indian middle class tax payers since the wealthy oligarchy and upper echelons in Indian society through direct and indirect links as well as representation in politics freely avail tax evasion privilege hoarding money offshore.

The foreign currency reserve is predominantly received from Indian expatriate foreign remittance to support their family back home in India.

The government divestments from public sector to private sector in the past nine years having exponentially increased creating unemployment, income inequality amid hyperinflation exacerbated with unaccounted black money in circulation in the economy, the Indian work force is exported rather than export of Indian manufactured goods and services abroad.

The administration in New Delhi lobbying the west viz. the United States, Britain, Australia…to expedite visa processing for Indian skilled work force to serve the above enunciated requirement is the ongoing trend.

Again in the absence of domestic job growth to employ workforce at home in various skills and occupation, the government generated brain drain with professionals, assorted tradesmen and service providers exodus overseas is essentially evacuation of natives i.e. Indians from the country.

Not to mention the eviction of native Indians with majority Hindus leaving the country, the government’s Hindu Rashtra agenda is null and void.

Meanwhile, the nation for sale with tangible movable assets, prime land and endowments are handed over to government partnered oligarchy barring transparency and accountability.

The state corporate press and media dissemination on government targeted individuals regarded threat to fascism prevalent at the moment engage 24/7  in indoctrination and false narrative.

In the trade angle, the flip side of boosting foreign economy via extravagant spending on aircrafts and other lofty items besides damage mitigation of the much focused self-image of the head of the nation are the following.

A. The depletion of foreign reserves considering the irrevocable firm order on the economic deal viz. the recent commercial aircrafts.

B. GDP decline with little or no manufacturing at home despite widely propagated Make-in-India slogan during political rallies not translated into experience.

C. The current momentum on imports having substantially increased with significantly minimal exports, the foreign investment in Indian economy is made non-essential. The situation also facilitate government favored oligarchy monopoly in Indian economy with ingredients and components mostly imported from China in the consistent trade deficit so far.

Indian central government head attempt to lure western approval on self-image is premised on major expenditure buying goods from western companies similar to wild shopping spree.

The other tactic is showcasing India as a huge consumer base without enabling consumer affordability and buying power contrarily reduced to struggling to make ends meet at the middle class level.  The lower income and poorer segment can hardly survive in the tough economic environment let alone participate in the consumer market.

Accordingly, the foreign investors’ diversion allow them to produce and manufacture on their soil promoting job market in respective foreign destinations.

The unemployment and underemployment of educated qualified youth representing majority population in India impetus immigration to foreign nations. The migration pose a challenge not only to new immigrants but also local work force unable to accept foreign workers competing for the limited opportunity.

The real winners in the economic deal are those at the helm in corporate empire and politics while common workforce at both ends are left with compromise as the only option.

That leads to bankruptcy of people in Indian economy.

Bankruptcy – The average Indian citizens’ pay dear price in this economic shamble. They are deprived of economic stability and progress. Simultaneously, their hard earned savings wiped out in national banks and  private financial institutions due to rampant financial fraud from government’s intimate associates turned fugitives like Vijay Mallya, Mehul Chinubhai Choksi, Lalit Modi, Nirav Modi and the likes….all of them absconded and fled the nation with government aided security and mutual agreement.

There was a time in Indian history when the Sultan of Delhi, Muhammad bin Tughluq was called a mad king for legitimate reasons. The ruler frequently shifted state capital along with people. The token currency he introduced unbeknown to population and the projects as well as experiments declared own ideas were unsuccessful.  Yet the ruler presumptuously considered self a genius. 

In India in 2023 for ordinary people is an uphill battle combating corruption, inflation and economic stagnation. Additionally the ones with potential and ambitions are facing nomadic life in search of locations with job prospects across the globe. The country is displaced with oligopoly of which duopoly enjoy unlimited gains as entitlement. 

With democracy dissipation, the fundamentalist ideology evolved into authoritarian is the reality. 

Padmini Arhant 

Author & Presenter

PadminiArhant.com

Prakrithi.PadminiArhant.com

India – Foreign Trade and Remittance

India – Foreign Trade and Remittance

Padmini Arhant

The incumbent administration in New Delhi at the center deploying the civil service cadre might produce statistics to counteract ground reality related to economic situation reflected in India’s global hunger index ranked at 107 among 121 nations besides other crucial economic activities largely placing India as not the beneficiary in contrast to government propaganda.

Factual vs. Fictitious Data

For example :

According to Indian Government instructed Indian civil service data on foreign remittance is as follows.

Juxtaposed to Indian data, the economy of Singapore features GDP and foreign reserves details.

Economy of Singapore – the South East Asia neighbor to South Asia India. 

Economy of Singapore

Singapore Official Foreign Currency Assets per Monetary Authority of Singapore  – mas.gov.sg

As of October 2022 – $399.4 billion 

 

Regarding Indian Data – Assuming the above data are current and legitimate considering revelations on incumbent Indian government published figures on foreign reserves, unemployment, GDP, inflation and other key economic activities…that are routinely challenged within by government appointed heads of institutions ranging from former RBI governor viz. ex-RBI governor Raghuram Rajan on demonetization debacle to labor department and national statistical commission experts resignation on government demand to collude in reporting fictitious data on unemployment status and the list is fairly extensive raising credibility issue on government’s  economic report with no external independent oversight.

Indian news media reports on unemployment figures controversy.

“Resignation of NSC members exposes government’s unwillingness to tackle unemployment.

Statistical Commission Experts Resign in Protest Over Jobs Data and Govt Attitude.

P.C. Mohanan and J.V. Meenakshi – the only two non-government members of the commission – tendered their resignations because of the body’s ineffectiveness.

New Delhi: The only two non-government members of India’s National Statistical Commission have resigned, leaving just chief statistician Pravin Srivastava and NITI Aayog’s Amitabh Kant at the head of a body that is the apex advisory organisation for all of the country’s core statistical activities.”

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Nonetheless, the important factor in India’s foreign remittance $100 billion asserted by Indian government is predominantly if not exclusively from Indian labor in foreign nations sending money back home to families and dependents in foreign currency.

Among the Indian labor force exported overseas, the significant Indian manual / physical labor is concentrated in the Middle East, Africa and South East Asia. The other skilled Indian labor from tech industry is largely employed in western shores such as the United States, Britain, Australia, New Zealand, Canada and western europe.

Again the remittances received from the high tech high paying jobs are the second category in Indian labor monetary transactions credited in foreign currency to India’s ex-Chequers foreign reserves account.

This aspect of foreign remittance is showcased by Indian government as unprecedented in Indian economic trend.

Not to mention the Indian labor force working overseas are entirely due to individual and non-governmental efforts and diligence with little or no major government involvement in seeking employment and travel to foreign countries in search of employment and business opportunity.

In other words, not much help or assistance provided by Indian government in terms of foreign currency withdrawal and other relevant resources during travel i.e. export of skilled labor offshore.

The drastic impact of skilled labor exodus from India at highly technical and professional expertise is the well known brain drain from India and the other adverse effect in the domestic front is described in the words of India’s one of prominent long time consumer goods manufacturer Godrej as below.

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Help wanted – India’s ‘Make in India’ drive lacks skilled labour

“I always say that there is no unemployment in India. It’s only unemployability,” said Adi Godrej, whose businesses range from consumer goods to …

It is noteworthy that Indian workers’ foreign remittance from abroad $100 billion is directly absorbed by China in trade surplus with India.

As per the reports on India trade imbalance with China;

The trade gap has particularly widened in the past decade. In 2021, annual two-way trade crossed $100 billion for the first time, reaching $125.6 billion, with India’s imports accounting for $97.5 billion, pegging the imbalance at close to $70 billion.

“China’s trade with India is lopsided and in this period China had a favorable balance of trade that has crossed $1.2 trillion,” said Srikanth Kondapalli,who is Professor in Chinese Studies and Dean of the School of International Studies at Jawarharlal Nehru University. “That is, in pure statistics, Chinese businesses earned that much money [from India].” 

Moreover, Chinese commitments to India to import substantially more Indian goods, particularly pharmaceuticals, have not materialised,

These surpluses are consistent, and not addressed over a period of time this leads to the problem of a current account deficit for India,” he said.”

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What this means for common man and woman i.e. the ordinary average citizens in India is the brain drain via professionals and highly skilled immigration from India to overseas.

Notwithstanding this is a major disadvantage for India. The skilled workforce on the other hand as blue collar workers migration to the Middle East and other parts of the world essentially depriving Indian economy the skills and innovation with the current Indian government favoring and urging western nations to expedite visa processing primarily for earnings from Indian workers‘ foreign remittance.

India is bereaved of manufacturing, innovative and skilled economy to China enjoying trade surplus with India.

Meanwhile the expatriation of skilled and professional members to western nations and destinations in the hope of foreign remittance for government which in return is paid to China via massive economic imports into India.

The BJP government at the center in New Delhi headed by current Prime Minister is depleting Indian economy of foreign reserves and foreign remittance in trade deficit and trade imbalance with China, Russia and more.

In conclusion, the Indian prime minister’s Make in India and $5 Trillion Indian economy… as the New Delhi central government’s home minister Amit Shah coined it – are nothing more than Jhumla – political shenanigans.  They otherwise serve well on the campaign trail to lure gullible voters willing to be deceived many times over by such politics.

The other beneficiary is China achieving multi-trillion dollar economy status with India as the leading importer at Indian economy and educated skilled unemployed youth expense.

The end-result China’s middle class exponentially rise in contradiction to India’s overwhelming majority sliding downward to mere bottom in the global hunger index and other international economic census.

Politically, the RSS run BJP government and Modi-Shah’s campaign on Hindu Rashtra and Hindutva agenda would dissolve with Hindus leaving India for better economic prospects.

The status quo would by default return India to secular statehood in accordance with Indian constitution. 

Padmini Arhant

Author & Presenter 

PadminiArhant.com

Prakrithi.PadminiArhsnt.com 

India – Global Hunger Index

India – Global Hunger Index

Padmini Arhant

Amid Vikas (progress and development) touted as the incumbent administration i.e. the Central Government in New Delhi’s campaign slogan, it is important to notice the real indicator of economic progress or the lack thereof critically reflecting  hunger and poverty among overwhelming population in India at the lowest economic strata. 

Not to mention New Delhi Central government monetized political campaign through foreign hired presenter embellish India’s GDP at the alleged 13.5% in contrast to ground reality with dire hunger and poverty situation. 

India – Global Hunger Index

In the 2022 Global Hunger Index, India ranks 107th out of the 121 countries with sufficient data to calculate 2022 GHI scores. With a score of 29.1, India has a level of hunger that is serious.

In comparison, India’s neighbors in the Indian sub-continent surpassed India with considerable lead in this context. 

Nepal ranks 81st out of the 121 countries with sufficient data to calculate 2022 GHI scores. With a score of 19.1, Nepal has a level of hunger that is moderate.

Bangladesh has moved eight notches down to rank 84th among 121 countries in the Global Hunger Index (GHI) 2022, still surpassing neighbouring India (107th), Pakistan (99th) and Afghanistan (109th).

Pakistan – In the 2022 Global Hunger Index, Pakistan ranks 99th out of the 121 countries with sufficient data to calculate 2022 GHI scores.

No matter what paid propaganda persists during elections, the actual economic conditions such as hunger, poverty and survival amongst the vast majority of population speak for national economic circumstances confirming the government failure to address the most pertinent issue. 

In the rank out of 121 countries;

Nepal – 81st

Bangladesh – 84th

Pakistan – 99th 

India – 107th 

Padmini Arhant

Author & Presenter

PadminiArhant.com

Prakrithi.PadminiArhant.com 

No Nation is a Poor Nation on Earth

No Nation is a

Poor Nation

on Earth

Padmini Arhant

इन लोमड़ी भेड़िये और उनके चम्चे चाप्लूसियों को ठुकरावो और गरीबी मिठावो ।

Natural endowments is gifted by nature in some form or another in every part of the world far and wide including the remotest corner of the planet.

When plants and animal species in infinite variety survive and thrive,

Why do human population face death from starvation, preventable disease and lack of basic survival needs like clean air and water?

Unlike plants and animals in environment not invaded and encroached with human foot prints facilitating natural survival and healthy conditions, human surroundings and habitat is exploited, excoriated and depleted by human greed prompting grand larceny from land to all and any natural resources as well as economic assets by the selective privileged few leaving the rest entirely at their mercy.

In reality, any nation’s economic status could be assessed and verified by that nation’s government head and political members’ personal wealth hoarded and stashed in predominantly offshore bank accounts, tax havens and investments depriving the nation they are elected to govern due economic development and equitable income distribution in society.

Then there are the self-proclaimed influential affluent amassment of illegal wealth again held overseas in numerous format account for significant national financial drain in the economy leading to abject poverty, hand to mouth living, generational indebtedness, economic slavery creating social subjugation for overwhelming population.

The equitable income is by no means socialism or communism – the concepts conveniently coined by feudalists and plutocrats essentially deploying the strategy in wealth and power concentration within the core integral circle.

Regardless of economic system ranging from socialist, communism to different types of  capitalism, the oligarchy, feudalist and upper echelons direct and indirect control on economy is dominant.

The rampant corruption among the powerful, wealthy and famous exerting influence and dominance evade accountability through self-granted political impunity.

With transparency oxymoron to them flouting checks and balances, the exclusive segment in society possess vast economic advantage over the remaining abandoned in their dire situation.

The incorrigibly corrupt system represented by gluttonous greed together with incompetence and dereliction of duty in public service and all matter largely contribute to poor economic status for a nation.

The topic will resume with more details on the subject.

Padmini Arhant

Author & Presenter 

PadminiArhant.com

Prakrithi.PadminiArhant.com 

United States – Soaring Inflation

United States – Soaring Inflation

Padmini Arhant

The soaring inflation beginning with gas price at $7.00 and higher having domino effects on food and other essential goods and services is a burgeoning issue for people living with pay check to paycheck and those with meager savings in the economy.

There appears to be no immediate relief in easing skyrocketing inflation hurting consumer base again directly affecting business sectors in the economy.

The federal reserve inflationary control measures and government economic policy if at all any are yet to deliver necessary correction in inflation reminiscent of 70’s energy crisis leading to severe economic downturn.

The war in Ukraine brought upon Ukrainians from the western viz. United States and EU insurrection against then democratically elected government in 2014 is the result of deaths and devastation in the battle ground combined with nuclear threat from Russia.

The energy crises resulting from the ongoing war in Ukraine and further hindrances in food supply viz. wheat, soy, sugar etc. from Ukraine and Russia to other parts of the world have dramatic impact on the domestic and global economy.

Meanwhile, the global demand on crude oil now largely resting on the oil producing nations in the Middle East and others like Venezuela with sanctions on Russian energy imports only applicable to non-western nations is nothing new.

The Russian energy flow into western Europe such as Germany, Austria and Finland to name a few besides EU and NATO ally Hungary having categorically rejected the sanctions protocol claiming similar  scenario on meeting domestic requirements as priority are not only double standards but also reflect paradoxical western position in funding the Ukrainian invasion.

Amid these contradictory rules and activities, the energy price at the gas stations are record high in history taking toll on average and middle class already enduring economic pain from COVID and at present forced to contend with excruciating inflation in the absence of positive economic trend.

The market reaction and performance lately with Dow Jones dropping 700 points along with S&P 500 and NASDAQ precipitous slide are clearly indicative of inflation and lack of prudent economic solutions behind the present serious nonetheless preventable decline.

There is an urgent requirement for pragmatic and economically viable interjections to contain rising inflation in conjunction with diversifying energy resources improving and increasing energy distribution for affordability across the economy.

Unfortunately, there are no information or strategies made publicly known from the relevant monetary and fiscal authorities to ease growing concerns and frustration among consumers dealing with extraordinary economic struggles since COVID related shutdown and ongoing inflation debacle.

Obviously, the critical topics are inflation and energy price that are interlinked with a strangle hold on people especially in the middle and lower income groups deprived of any options in the economic strife leaving the poor and the poorest status abysmal.

What is the government plan of action on surging inflation?

What are the remedies pursued by the federal reserve other than interest rates hike with stagflation projected in the global economy?

What are the immediate possibilities to calm the inflation storm, energy costs, boost employment  opportunities, stabilize economic conditions across the spectrum and last but not the least soothe investor apprehensions in the volatile economic climate?

The Ukraine war must end with Russia’s divestment in economy over expansionism via military aggression exceeding 100 days in Ukraine. The only guaranteed outcome benefitting both sides i.e. Russia and Ukraine is permanent ceasefire and peaceful dispute settlement on all matter. The military engagement is proved counterproductive and exacerbated resources, morale and human lives with irreversible tragedy.

The western foreign policy engineered towards diplomacy and dialogue in ending Ukraine war is pertinent to global peace, security and economic recovery.

The economic factors such as inflation and energy rates at the gas pump are the burning issues for ordinary men and women representing the work force, consumers and tax payers in the economy worldwide.

Suffice to say those behind gain of function research triggering the global pandemic and big pharma have enormously profiteered from COVID disaster.

The defense sector viz. the military industrial complex and western governments on their part supplying weapons to Ukraine while procuring energy from Russia have secured multi-billions in arms trade to Ukraine having destabilized the once relatively peaceful country in 2014.

Let there be no more time wasted in cliché on Hollywood fame defamation trial and Jan 6, 2021 fiasco. The late night show hosts paid millions of dollars as propagandists with pre-recorded captive audience fake applause and social media attempts to deflect public attention with platitudes and parody are imposed as entertainment.

Meanwhile, there are no investigations or discussion on western violent intrusion overthrowing democratic power in Ukraine in 2014 and recently ejecting Pakistan’s government under former Prime Minister Imran Khan causing political chaos and further economic derailment in that part of the world.

The stark reality – the people survival is challenging more than ever deserving long overdue focus and respite from the deteriorating situation.

Padmini Arhant

Author & Presenter

PadminiArhant.com

Prakrithi.PadminiArhant.com

P.S.                                                                      Ukraine President Volodymyr Zelensky

Pakistan’s former Prime Minister Imran Khan on Pakistan affairs. 

Is Poverty Inherited or Imposed?

Is Poverty Inherited

or

Imposed?

Padmini Arhant

Is Poverty Inherited or Imposed?

There are different perceptions on poverty.

Poverty is often associated with social and economic background.

However, the question arise on generational poverty.

Why do some demography in society experience no social and economic progress over generations?

Who is to blame for the impoverishment of children dwelling in slums and shanty towns right beneath skyscrapers or high rise penthouse towers in metropolis of the world?

What causes many segments in society to remain poor, sick and hopeless in life?

Could this all be entirely the fault of individual, the family or the community they belong to leaving them in abject poverty with no changes in financial status?

Or

Would it be fair to hold the political, economic and social systems responsible for endless misery among overwhelming population in the world?

What about the government and economic sector role or the lack thereof to alleviate poverty across the spectrum rather than selective population?

Should education, basic facilities like clean drinking water, food, electricity and health care centers be reaching the poorest of the poor in urban, rural and remote areas of the country worldwide?

Who should decide the fate of every citizen in a country that are generationally oppressed, persecuted and denied any rights over several decades?

Is the poor remaining poor and the middle class struggling to make ends meet regardless of two or three income providers in a family related to government failure on economic management like inflation, unemployment, food shortages, fuel prices…and gross negligence in addressing crises in country?

What about the notion – poverty and economic suffering are designed for exploitation of the economically disadvantaged to serve in the work force as employees, national army though increasingly utilized as political leaderships’ private army witnessed in foreign military interventions and above all meeting exclusive and fiduciary interests of those reining control from behind the scenes and upfront.

First and foremost, corruption and greed are the bedrock of evil in society and the world at large.

Systemic corruption in politics with pervasive impact on economy, communication media, education, social, religious and general society hinder growth and development across the regions of state and nation.

Lawlessness among those held above law in politics, economy, diverse media, social and religious domains shun transparency and accountability.

Wars with illegal invasion and occupation of sovereign nations directly related to inflicting poverty and social destruction leaving families with widows, orphaned children, permanently disabled father, brother or any earning members wounded and crippled for life in warfare. All of these situations lead to severe poverty and miserable economic conditions.

Last but not the least, selective powerful, influential and affluent members control over global affairs lacking in scrutiny and openness barring public access to information on policy, strategy and planning contribute to secrecy and hypocrisy.

The hypocrisy arising from the unlawful spying, snooping, 24/7 surveillance of private citizens life, space and privacy intrusion to name a few among many criminal indulgence, while collusion in secret locations restricting citizen press or public to participate in policy making on world issues and humanity at large is entitlement to them.

The worst is despite these members’ occupation of taxpayers expended accommodation which are typically the people’s house unlike the private citizen’s home fraudulently claimed as such, the public as taxpayers have to deal with the wrath of violence even leading to fatality when gunned down with 29 or more bullets exhausting the magazine on unarmed civilian in the alleged trespassing of the public funded national property i.e. government residence.

Accordingly, poverty is imposed and not always inherited over generations to maintain status quo.

Defeating corruption, abandoning discreet operations using taxpayers money and subjecting illegal activities and actions to the same rule of law is the initial step towards economic relief amongst population subjugated in extreme poverty.

Padmini Arhant

Author & Presenter

PadminiArhant.com

Prakrithi.PadminiArhant.com

Market Economy v. Monopoly Economy

Market Economy

v.

Monopoly Economy

Padmini Arhant

Prior to discussion on market economy and monopoly economy, it is important to shed light on creation v. acquisition. There is no comparison between creation and acquisition. In simple translation both terms are self-explanatory. 

Creation involves ingenuity, authenticity and original concept. Acquisition on the other hand is acquiring the created product for refurbishment and renovation with or without any appreciative value. 

In the so-called capitalism, the corporate takeovers, mergers and acquisitions transitioned from competitive market economy into monopolistic trade slighting anti-trust laws has drastically changed the definition and relevance of free and fair competition, the highlight of market economy. 

The economy increasingly in the hands of few selective billionaires wiping competitiveness and entrepreneurial niche across the spectrum is deceptively heralded as free market economy.

The trend contrarily affecting end-consumers with monopolistic trade practice and corporate policy hurting average consumers in pricing, quality and general benefits cannot be under estimated at any given time. From administration to marketing and management, the rules are set up and designed for exclusive corporate gains at the helm. 

As a result, the deviation from profit sharing trickling down to the bottom in work force increasing. consumer affordability to top tier shareholders is the norm. The average household income in these settings are either below marginal level or negative considering inflation and consumer price index ratio. 

Income inequality combined with inflation in the competition deprived monopolistic economy is carcinogenic for capitalist market economy.

Acquisitions and mergers masquerade inherent problems and deficiencies in major corporate undertaking with over valued stock of primary venture facilitating cash liquidity. Besides, distracted and disproportionate focus with too many different sectors in monopolistic control yield lack luster i.e. under performing outcome. 

The competition thwarted from economy with few billions to spare in hostile buyout deals is neither healthy nor viable in economic, ethical and innovative sense.

Not to mention, the corporate influence in politics and governance via direct campaign financing and lobbying for fiduciary interests leaving voters mere rubber stamp depicted as political mandate. The end game distort democratic system to entirely benefit the bidders and investors with no contentment or containment in the exclusive fortune inheritance. 

The competitive eclectic market economy providing options and flexibility in ultimate consumer oriented domain is unfortunately replaced with privileged monopolistic elite dominance – the axis in widening the gap between haves and have-nots misrepresented as efficient economic force. 

Again efficiency is anybody’s guess in selective individual growth or collective decline in economy and politics validated by monetary endowments.

Padmini Arhant 

Author & Presenter

PadminiArhant.com

Prakrithi.PadminiArhant.com 

Western Policy – Secret Society, Globalization and Swiss Bank Accounts

Western Policy – Secret Society, Globalization

and

Swiss Bank Accounts

Padmini Arhant

The secret society originating from Oosterbeek, Netherlands, Europe in May 1954 and established in North America continues to remain the paradoxical paradigm to western concept on democracy, transparency and ethical efficacy.

The controversial secret society meeting adorned in opaqueness especially in light of critical decisions, policies and planning against entire humanity held among chosen members in secret locations barring real press and public participation is a legitimate concern in the so-called free world.

The secret society with members and participants sworn to secrecy refraining from sharing details of the meeting includes serving members in governments, globalists running the economy, financial sector, diverse media and the military industrial complex to name a few among key global systems. The secret society’s clandestine meetings engineering major activities against global economy, military strategy, nuclear goals, warfare ranging from terrorism, nuclear options to bio warfare…albeit all experienced by global population up until now.

The questions raised from Europe on the developing and emerging economies inability to provide for their citizens ranging from education, health to other basic facilities compared to the developed nations citing the western world merit attention.

The answer to this situation interestingly is with Europe and described in the following passage. 

European economy built from resources and wealth from the various colonies invaded and occupied world over would not qualify Europe’s efficient economic development.

European nation – Switzerland’s banks hosting treasure cove for illegal money notably black money, blood money from nefarious and unscrupulous transactions, drugs, extortion, trafficking, terrorism, tax evasions and much more cultivate and nurture corruption.

The money hoarded in Swiss bank accounts and offshore tax havens by the rich, famous and powerful in developing and other nations are primarily responsible for poverty, hunger and disease among their people referenced in the question on lack of advancement in these nations over a long period. The corruption depleting most nations treasury and depriving those countries from economic opportunity is incontrovertible fact. The Swiss economy and EU utilizing corrupt funds deposited in their financial institutions directly hold them responsible for fomenting and fostering corruption, the number one destructive element hindering economic milestones and due success in most parts of the world. 

Why not Swiss banks surrender the wealth to the people, the republic world wide and lead the world in eliminating corruption and financial fraud, the two main aspects behind the economic and social divide in global society?

Besides, Europe is also the safe haven for financial and criminal fugitives enjoying safety and security from non-extradition protection. These individuals flee nations after bankrupting financial institutions typically ordinary people savings and land in Europe with illicit wealth laundered at ease and without any legal or financial ramifications under the safety network  in Europe. It is impossible for EU and European nations to be unaware of the prevalent tradition in this context.

The worst thus far is unleashing deadly corona virus COVID-19 consuming five million lives worldwide per latest figures through ominous Gain of Function research pioneered in the west and developed in western funded Wuhan lab in China is the tip of the iceberg. The mega profits from the pandemic vaccine predominantly benefitting western big pharma in Germany, Britain and the United States as primary manufacturers and suppliers in the world is a hard bargain for the global victims paying the price in every respect. The secret society elites as private investors in the contentious Gain of Function research specifically bio-engineering the spike protein in SARS COV 2 for rapid human transmission and simultaneous investments in vaccine production long before the pandemic onset i.e. 2015 is a crystal ball bonanza.

Meanwhile China, the western economies’ treasurer and financier gaining from stifling competition in the global market is quid pro quo for the west and China.

Above all, Europe’s World Economic Forum (WEF) founder Germany’s Klaus Martin Schwab public statement on the Great Reset involving global financial markets and products manipulation was yet another agenda. The event necessitating global economic shut down could not have been possible without the pandemic.

The pandemic also aimed at population growth in India and populous domains like Brazil in South America.  The  global regions like Europe at disadvantage amid aging demography and problems confronting EU’s immigration related to skilled labor and taxpayers to support the economy. 

In essence, the pandemic proved to be a win win for all those aiding and abetting the Gain of Function research led SARS COV2 health and economic disaster alongside the Great Reset.

The secret society characteristics cloaked in secrecy shunning transparency in contrast authorizing and promoting violation of individual rights in invasion of private home, personal life and identity maintained as prerogative. These ill conceived attributes and actions expedite precipitous decline for anything run its course and exhausted means creating desperate times for further chaos and catastrophe.

Europe under European Union depend on Brussels trade and political strategy. The colonial divide and conquer rule evidently is the root cause of civilization and nations’ persisting unresolved confrontational quagmire. However, the cartography is found not suitable on own turf in Europe, the colonial seat post industrialization era. The discomfort experienced in BREXIT that continues with mutual disagreements expressing EU’s frustration in losing control over Britain’s economic and financial status.

The globalization has been the secret society and EU’s focus allowing globalists’ unfettered access to economies worldwide. Although globalization meant to address global economic requirements in addition to bridging the gap between the developed, emerging and developing economies, the result is far from alleviating economic woes and financial dependency for developing nations in particular. The globalization significantly benefitted China in the last three decades empowering the state controlled capitalist economy into global warehouse and manufacturing base. Notwithstanding the outcome strengthening China’s currency warfare against United States and Beijing’s dominance  in economic, political, military and foreign policy against the U.S. smooth and steady in the aftermath of 2020 Presidential election.

In the global front, China’s meteoric rise from globalization facilitated the belt road initiative (BRI) spread far and wide expanding into more than 75 nations with serious economic and geopolitical repercussions for the world at large. The trend unfortunately pose humongous challenge for partners entrapped in sovereign debts and key infrastructure forfeiture such as shipping ports and territories like in Sri Lanka, Maldives and many nations in Africa, Latin America, Central, South, South East Asia and the Middle East. The western nations Australia, Canada, EU and the United States face unique economic, strategic and political issues with China despite the pandemic origin tracing back to Wuhan, Hubei province in China.

The secret society, World Economic Forum (WEF) and western favored globalization with built-in protectionism applicable in absorption of bulk market and capital gains is the end game for different players leaving behind developing nations debt ridden and the rest in China’s coat tail with little or no negotiation power in any dimension.

The global status quo is a conundrum in western relations with China. The globalization leading the way to the point of no return in the backdrop is a deviation from real economic progress and prosperity for economies forced into debt servicing commitments with world financial institutions like the World Bank, IMF etc. Similarly, China in the infrastructure deals draining developing nations and limiting western options succinctly describe globalization unbalanced with disproportionate economic burden outweighing benefits in the immediate and long run. 

Padmini Arhant

Author & Presenter

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United States – Rising Inflation

United States – Rising Inflation 

Padmini Arhant

The great reset from World Economic Forum, Davos, Switzerland and COVID-19 induced global economy shut down in 2020 extended into mid 2021 cost lives and livelihoods across the spectrum.  The federal and certain states stimulus checks to alleviate dire financial difficulties among vast majority of population in the United States might have provided some relief but did not end economic plight. 

The retail industry together with millions of small and medium size businesses paid enormous price in the pandemic year despite economic assistance to some in the form of paycheck protection program to retain employees on payroll and other small business loans to survive the lockdown period. 

The current inflation is reflected in essential consumer goods and services posing a major challenge for average citizens in the absence of necessary economic growth. The job market is yet to project reasonable employment status that guarantees steady and stable household income. Amid grim economic situation, the all time high inflation is a serious concern for citizens with minimal or no income. 

The Federal Reserve intervention adjusting the prime rate on interest and other borrowings to curb inflation might be standard response. Following the federal reserve course in this regard, the impact on the housing market would not be entirely favorable to first home buyers or homeowners planning to sell or refinance upon interest rates hikes to correct rising inflation.

The balancing act weighs heavily on the Federal Reserve monetary policy and government’s fiscal policy to control inflation. 

United States Congress multi trillion dollar spending on infrastructure and social welfare bills arguably to stimulate economy with job creation and consumer spending underestimate underlying repercussions in exceeding limits especially the customary debt ceiling raised under every administration to circumvent explosive budget deficit. 

The luxury of printing money for various purposes in the wish list is a privilege not necessarily a game changer in delivering the desirable outcome. The fact of the matter is at the end of the day the economic ramifications adversely affect average citizens saddled with generational debt beyond recourse. The national debts in return burden the economy attracting bidders in the global market to leverage positions in many aspects.

The Congressional spending strategy deviating from prudent economic stimuli signal precarious conditions beginning with inflation and diminishing consumer power. The employment figures remaining lower than the expected margin and economic activities not fully resumed in the declining pandemic, the inflation impetus corrective measures to avert major economic crises. 

United States Congress and Federal Reserve combined efforts to stymie inflation represents the priority prior to any other economic endeavors in the multi-trillion dollar spending proposals pending bipartisan approval. 

The tax relief to businesses facilitating hiring, expansion and development are key factors in stimulating economic progress rather than the contrary that invariably drives major corporations offshore viz. China or other destinations. Similarly, small businesses and retail industry in the aftermath of prolonged economic shut down have no means of revival. The tax incentives to this sector is appropriate and urgently required for renewal. 

The government spending downsizing federal agencies and other areas of sprawling activities yielding no benefits wasting tax dollars are to be focused in containing expenditure. 

The staggering national budget deficit with phenomenal government undertakings in the backdrop of printing money is not healthy for the dollar as international reserve currency confronted with alternatives in the global economy. 

In conclusion, inflation drains common citizens wallet and depletes economy leading to banana republic experienced in many parts of the world. The monetary and fiscal authorities immediate actions to stabilize economy and escalating inflation is the preliminary step towards economic recovery.

Thank you.

Padmini Arhant

Author $ Presenter

PadminiArhant.com

Prakrithi.PadminiArhant.com 

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