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+--- Thread: Reserve Bank of India (/thread-13154.html)
Re: Reserve Bank of India - ketchim - 09-20-2013
India's new central bank governor has raised key interest rates by a quarter of a percentage point
in an attempt to reduce inflation.
The repo rate - the rate at which the central bank lends to commercial banks -
was raised from 7.25% to 7.50%.
The cash reserve ratio - the percentage of banks' deposits they must keep in cash -
has been kept unchanged....
Re: Reserve Bank of India - mapoui - 09-20-2013
well then jetchim..you know the story. there is no way to maintain a proper economy with a privately owned central bank in place ruining things.
in this day and age no central bank of any kind is necessary. no central banks and no big commercial banks.
we need to take the private out of banks and reduce them to community level owned by the people..their functions entirely defined by community needs
Re: Reserve Bank of India - ketchim - 09-20-2013
Community banks get gobbled up by these monster private banks.
All those trade union banks, teachers banks , greek community banks are all history .
Trust companies are now a thing of the past as well !
Re: Reserve Bank of India - mapoui - 09-20-2013
what do you think of this then Ketchim ::confused::
Quote:that toxic waste is going to implode the capitalist economy. deh shud write them off..kill the market in them...write off government debt..or write them down
there will be no change until they write down and write off. but they cant do that and save their economy so the keep the bubble going by keeping the unpayable, dead CDs alive.
but they cant save the economy same way either. their is no answer. the toxic paper is now a quadrillion plus worldwide and growing at interest
the way I see the new finance laws now is that the big banks will use smaller banks to play in that toxic market, drive them bankrupt and seize all their assets including depositor funds. one way to attack the toxic financial content I guess..but certainly a way to legally loot everyone foolish enough to continue keeping assests on deposit at banks
Re: Reserve Bank of India - Kwami - 09-20-2013
This dude is from the IMF and J P Morgan. Indian economy is doomed with him at the helm
Re: Reserve Bank of India - mapoui - 09-20-2013
Quote:Community banks get gobbled up by these monster private banks.
All those trade union banks, teachers banks , greek community banks are all history .
Trust companies are now a thing of the past as well !
of course..because all the rules are written in favour of the big banks. they have huge fractional reserves..what is their ratio now..1:1000 or is it unlimited. they can create money to their hearts content now..just write paper ::confused::
but I am talking about revolutionary change. no bank or corporation of any kind is too big to fail to me. and I am not talking about waiting for them to fail. I am talking about killing them all..outright!...NOW! and allowing community banking to grow in their place...not alongside them between their toes
Re: Reserve Bank of India - ketchim - 09-20-2013
Mapoui , I was talking about that in Calgary recently !
Varied opinion from the high finance fellahs present was that they are managing well
My sister bluntly told me they (AIG ) had paid back the bail out money with a HUGE amount of
interest the Guvment nailed them with !
My brother is of the opinion that the credit default swaps has now been exposed and it is
under Control.
seems like all is well in the banking world
Re: Reserve Bank of India - ketchim - 09-20-2013
[quote author=Kwami link=topic=83572.msg522144#msg522144 date=1379697895]
This dude is from the IMF and J P Morgan. Indian economy is doomed with him at the helm
[/quote]
not necessarily ...these Folks are coming up with excellent Finance models ;
that MAY work !
Re: Reserve Bank of India - mapoui - 09-20-2013
Quote:My brother is of the opinion that the credit default swaps has now been exposed and it is
under Control.
interesting! but how do you dry up, contain, resolve or eliminate a problem, a debt and loss market, that is many times bigger than the entire GDP of planet earth?
and where did AIG is it.....get money, profits from which to repay the bailout at interest ::confused::
they have audited and verifiable balance sheets to demonstrate the veracity of such profit...that it is real profit not make-believe..or a figment of Bernanke's printing machines!
Re: Reserve Bank of India - ketchim - 09-20-2013
hahaha...On Jeopardy ! last night , the American contestants did NOT know who :
Ben Bernanke is ....i was shocked ! ::LOL::