Re: [IAC#RG] Indian investment in US Bonds

Dear S

You don't need to be a rocket scientist to know that any
half-competent central banker (even if he is a CIA imposed dishonest
rascal) will invest money in US Treasury Bonds because of (a) notional
security (b) continually declining value of INR against USD since 2010
(c) because T-bonds are highly liquid and tradeable (d) Market cycles.
etc etc and so on..

At the same time, all you foreign employed economic experts
(@lackeys), fail to maintain consistency in understanding the *FIXED*
purpose of *THIS* mailing list. I could remind you of 2 statements by
your Freedom Team (Sone ka Chidiya) guru - Sanjeev Sabhlok - to
illustrate how you economists dissimulate.

http://www.sabhlokcity.com/2013/01/the-dissimulating-smear-monger-sarbajit-roy-please-boycott-all-his-work/

(A) While doggedly refusing to read anything I wrote in an email sent
at 7:02PM, Sanjeev, within 8 minutes concluded that "Arvind (Kejriwal)
is an honest, good man." and that "Sarbajit Roy is unqualified to talk
to Sanjeev because Sarbajit Roy is dishonest". (Let us not get into
why your guruji Sanjeev Sabhlok is sending now me email after email
pleading to solicit my views and opinions).

http://www.sabhlokcity.com/2014/08/is-there-something-fishy-about-ramdev-and-his-empire-3/

(B) Sanjeev Sabhlok of course is the same economist who founded your
virtual political party (I've forgotten its exact name just now) and
publicly blogged as follows in-seriatim

(i) Baba Ramdev is a completely corrupt and cowardly fellow, then

(ii) deleted the posts where he said Ramdev is a cowardly corrupt
fellow, and wrote that SWAMI Ramdev is actually a highly patriotic
HONEST fellow who is extending all facilities .. like suitcases of
cash ? ... and

(iii) again recants by now saying Baba Ramdev is a highly DISHONEST
fellow who is operating a huge black money laundering empire ....

PS: This list has over 2,000 CAs as subscribers who know practical
'desi' economics very very well.

S

On 8/27/14, Supratim Basu <xsupratim@gmail.com> wrote:
> It is a pity that economics, even if it is economics 101, is not taught in
> Indian schools upto class 12.
>
> That is why Indians have such a woeful understanding of markets and prices
> and even, money - upto class 12, we are taught history, geography, physical
> sciences, some maths, biological sciences - but no economics - even those
> who take up "commerce" post 10th hardly learn any economics.
>
> No wonder we are a nation of economic illiterates.
>
> And, I find most engineering graduates to be the worst when it comes to
> understanding markets and economics, when they pass out - because as part
> of their curriculum, they do not learn any behaviourial sciences, no
> understanding of incentives theory and why human beings do the things they
> do.
>
> Then, naturally, the end result is *this particular discussion* - any
> economics 101 student should be able to tell you why India buys US
> treasuries.
>
> S