Continued
from the previous post –
First two
categories earn money out of that investment and that earning used to
pay back loan as well as interest on it. Therefore, those loans are
self-supporting loans. Third category does not earn from that loan.
Therefore, to pay back it has to arrange for it from some other
source of money; therefore, this third category is burden on banks.
Recovery of such loans is many times a problem. However, they insist
for lower rates of interest on their loans on humanitarian grounds.
Here we should note that no humanitarian grounds are provided to
justify higher interest on deposits. Depositors are also from similar
class of people from which third category person comes. We can say
with surety that all interest policies are lopsided. Policy makers
never come with any acceptable justification on this lopsided policy.
We shall take one
by one these thirteen types of borrowers and see why they borrow and
how interest rate matters or not matter to them. Interesting part is
that all these three categories prefer to have lower interest rates
on their loans and so they form lobbies at various levels to
pressurize authority to reduce interest rates on bank loans. Unlike
this, bank depositors do not have any genuine representative body to
represent their problems. As a result, we experience steady reduction
in interest rates on bank loans and due to that steady reduction in
deposit interest rates. This is happening all over the world where
American style economics is in practice. One fictitious
representative body to represent interest of depositors has been
created by malicious methods by gambler groups. This bogus
representative body of depositors never does anything to put up
depositors problems to the authority; as a result, demands of the
three borrower groups continue to benefit and depositors keep
suffering. This must stop. That means one borrower has more tactical
strength over 90 depositors just because these 90 are not united to
voice their grievances. The benefit competition we see in these two
groups (borrows verses depositors); all over the world; often
depositors losing ground. Most economic ailments are centering on
this insistence for lower interest rates on loans. Unfortunately,
so-called economic experts knowingly neglect this relation between
economic ailments and lower interest rates on loans and depositors.
They are found giving fictitious excuses to explain economic ailments
and avoid discussing on the lowering rates. To remedy this, bank
depositors will have to from a strong pressure group comprising of
honest observers who shall expose the falsity of various economic
theories propounded by experts of gambler group. Sometimes
we notice that some representatives (MPs) come up to support them but
at the last moment they shy away, may be because they are compromised
with, by gambler group agents. This
has been our experience so far.
Continues in next
post –
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