Our Finance Minister, Mr. P. Chidambaram, to be on safe side, is engaged in cautioning small investors against the booming Sensex. He may be knowing within himself that Indian Stock Markets are nothing less than the Gambling Houses of Makalu or Dubai. While in Makalu which is ruled by China, the so called Communist China encourages Gambling Dens. In Islam, Gambling is called 'Maisir ميسر' and is forbidden. But Dubai seems to encourage large Gambling Houses, and punish small time Gambling Organizers. As far as Stock Exchanges are concerned, world wide, they are Government Patronised Gambling Houses. Prime Ministers and Finance Ministers themselves ring "Bells" in Stock Exchanges.
ybrao-a-donkey's personal views not intended to be imposed on others:
Mr. Chidambaram must first caution himself . He seems to be under an erroneous impression that funds are flooding into the Stock Exchanges by true foreign institutional investors. They may as well be true Indian funds ciphoned by bureaucrats, politicians and industrialists re-remitted through Mauritius or other tax havens. Surplus funds of Public Sector Undertakings and Provident/Pension Funds, or even working funds of Public Sector Banks may be finding their way into Stock Exchanges.The truth will come out when Stock Exchange bubbles burst. Stitch in time saves nine later.
Incomplete. Shall continue/add/delete/modify.
No comments:
Post a Comment