Name:
Location: Eagan, Minnesota, United States

I have an ambitious dream of winning the RAT race by 30 years of age( By that I mean earning money for the sake of survival..) I would like to create a difference in this world in as many ways as IMPOSSIBLE.. I am a Maverick who constantly seeks different and possibly better ways of doing things. My Mission Statement in life is as follows: Develop and use your Brains, Work Hard, Make Lots of money and use it to serve Society.

Sunday, June 11, 2006

Merry go-round of money..

Its really funny and amusing to see how money circulates in this world..

Being from a developing country(India) and working in the United States, its a customary ritual for most to send money back home. Now, banks in India accept US dollars and deposit the rupee equalent into your account. Now what do the banks do with the US dollars ?? Well, that money gets siphoned back into the US since that's where the US dollars are needed most ( to fuel the mindless consumption of Americans)

I return, the Indian financial institutions are pledged with worthelss Treasury bills by the US government. ( The interest rates are now becoming sligthly better..)

Now what does the US government do with the US dollars ?, they deposit them in the financial institutions for them to get superior returns. Where does the money got by these financial Institutions go finally.. ha Ha.. To the emerging markets like India again...Because, that's where the the exponential growth and hence returns are generated currently...

that completes the funny merry-go round of money back and forth between the US and the rest of the world.. !!!

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