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

Dear Supratim

We value all points of view and circulate them if they are given
honestly and in a language and phrasing that benefits most members of
this list.

I'm sure you will readily acknowledge that the vast majority of your
emails have been sent out to the IAC list, and we have hardly censored
or been totalitarian or "unequal" with you in any way.

I can also assure you that, unlike AAP, we are not opposed to
efficient markets or free markets per se. Our support of socialist
systems arises from the underlying ground realities and unaddressed
inequities loaded against under-privileged persons who are the victims
of "markets" which outwardly seem to be free but are actually
meat-mincers to grind us poor ignorant trapped fools into sausages.
And isn't that why we have UID/Aadhar as the new hi-tech ATM tool for
this "anguta chaap" nation who are being shepherded into the Pradahan
Mantri's banking system from 25th Aug to be slaughtered ?

Keep posting.

Sarbajit

On 8/29/14, Supratim Basu <xsupratim@gmail.com> wrote:
>
> Dear Sarbajit,
>
>
> 1. Looks like you DO need to be a rocket scientist to understand why we
> need US $ in the first place - everything else you highlighted flows from
> this fact. If you didn't need US $, you wouldn't need to invest in US
> Treasuries, would you?
>
> 2. I am neither foreign educated (amchi mumbai provided all my education)
> nor an economist by training or occupation.
>
> 3. Attacking the person, instead of the argument seems to be your standard
> operating procedure - calling other people names only brings into question
> your intellectual depth and expertise.
>
> 4. Sanjeev Sabhlok - what is the relevance to what we were discussing here?
> You seem to be labouring under a great misconception in terms of how
> Freedom Team of India members operate - there is no "guruji" as you seem to
> think and there is no single CEO, whom we have to follow. FTI is probably
> the most egalitarian organisation you will find in in India - each member
> is equal, and free to disagree with some one else, no matter how "eminent"
> an external observer may think that person to be.
>
> Please deal with Sanjeev directly on your differences - I have nothing to
> do with those - this is a strawman that you are posting here.
>
> 5. Your objectives for this mailing list and the HRA are quite clear to me
> - to impose a totalitarian and socialist solution in India, since you
> neither believe in markets nor in democracy. This is why I hardly engage on
> this list - but, sometimes people make such egregiously wrong statements or
> assumptions that I post a comment.
>
> You are clearly telling me that posting here is a waste of my time - so
> noted and will not do so in the future. In fact, I will unsubscribe now -
> it is another matter that someone from YOUR group subscribed me to this
> mailing list in the first place, without my asking to be included.
>
> Cheers
>
> S
>
>
> On 27 August 2014 18:58, Sarbajit Roy <sroy.mb@gmail.com> wrote:
>
>> 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
>>
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>>
>