(This is a series in 3 parts)
At the time of the Great Depression from 1929-1939, the US faced an enormous crisis. Banks failed, Stock market collapsed, GDP fell by half, unemployment rose dramatically, there were riots, hunger problems, homeless problems and even a possibility of another civil war. It is at this juncture that Franklin Delano Roosevelt (popularly known as just FDR) became the President in 1933 and promised a “New Deal” for Americans (Read about it HERE and HERE). These pictures are not from some third-world country but from Chicago. Yes indeed, America did face poverty and a complete breakdown of systems:
In his first 100 days FDR pushed the biggest reforms in banking, agriculture, stock exchange, infrastructure etc. The biggest mobilization of jobs came from govt spending on infrastructure on a massive scale. Infrastructure is the artery on which an economy thrives. FDR created new roads, highways, railroads, airports and put millions of Americans back to jobs. Although I cannot be sure, I think AB Vajpayee borrowed from FDR and implemented the “Gram Sadak Yojana” and the Golden Quadrilateral highways. If he did, I would say it was a good choice in borrowing the idea. Countries would do well to borrow good ideas from anywhere.
FDR did not have some 25-year plan to put US on the road to prosperity. His programs were implemented on a year to year basis ending with WWII. All this collectively put the US not only on the road to prosperity but also to become superpower it is today. In doing so, FDR ensured not only American democracy was sustained but also that it didn’t fall into communist tendencies. The only problem with India is, it did not borrow ideas from others on how to eliminate poverty and population growth. To the benefit of US, it did not have to face terrible neighbours or Islam – two of India’s biggest problems due to a botched Partition. The neighbours we know. I cite Islam because that religion and its followers are incompatible with a democratic society. They will not stop desiring Islamic rule again in India and their Sharia over Constitution. And enabling that goal is none other than PM Narendra Modi.
Since the FDR days, American ideas have been borrowed worldwide and their industrial and technological growth has been unparalleled. American products and technology dominate the world, it has grown dramatically in economic and military might and influences the politics and policies of all major countries on earth. India on the other hand, has not been able to handle poverty with all govts from Nehru to Modi being stupid commies and vague socialists. With their doles and appeasement, they have turned more people into beggars than pulled out of poverty. While ABV borrowed the roads and highways from FDR, Modi only borrowed one idea from FDR – the RADIO.
Because it was the great depression, FDR had to rally Americans with hope and a fightback to progress. In his inaugural speech he used that famous line “you have nothing to fear but fear itself”. Consequently, in the next few years, FDR addressed Americans by radio in what came to be known as “fireside chats” and radio was relatively “new technology” then. Great leaders don’t whine about their misfortunes or disabilities. Modi not only whines but cries in public over FAKE struggles of his past. A pathetic actor in pursuit of self-aggrandisement cannot be your saviour. Modi borrowed the idea of radio-chats from FDR but nothing else:
So, why this FDR story? Because FDR took charge of the US in its worst crisis in the 20th century. This was followed by WWII. The US was forced into war and FDR led the allies to liberate Europe from Hitler. FDR died a few days before Hitler in April 1945. But by the time he died, he had set the US on course to becoming a superpower economically, militarily, politically and technologically. FDR didn’t peddle some 25-year “Sweet Dreams” plan. The crisis he faced demanded urgency not Mungerilal dreams. And half his life was spent on wheel chair and wobbly-walking with a cane or the help of an aide. He refused to whine or seek sympathy for his physical disability. Those were days when a physical disability was not looked upon kindly by society. Modi is the dramatic opposite in faking past struggles and crying crocodile tears for sympathy. This brief profile of FDR should help one understand true grit and courage and because of his disability, his funding programs eventually led to the invention of the Polio vaccine that eliminated that vicious disease from the world:
If you look at Modi, he has nothing in his stocks other than doles and appeasement as his policies laced with the poison of casteism and religionism. All his promises are a truckload of bullshit and worthless hot air. From promising to punish the corrupt, houses for everyone, crores of jobs in each term, deportation of illegals – all are nothing but lipstick nonsense. Modi is a theatrical wannabe who wears lipstick and runs to temples or does ribbon cutting of everything under the sun. Hardly the behaviour of a man who has any clue to the long-term future or working to set the directions for the future.
India still struggles with poverty while Modi talks nonsense of 5Tn economy by 2022-24-25. India will never be able to eliminate poverty as long as commies rule the country. And Modi is currently the biggest Commie in the world. I can understand if 5Tn is not achieved for various reasons. But talk nonsense of Vasudiyo Kutumbiyo, Vishwaguru, world looks to India, world watches India’s budget. All rants of an ego-maniac so soaked in delusion that he has lost touch with realities of life. And when most of hot air blabber fails – the charlatan comes up with another delusional drug – AMRIT KAAL! That’s how a Ponzi is run – replace one delusional blabber with a BIGGER delusional blabber.
There are many Ponzi operators in the world and even in India. The biggest of the lot in history is none other than Bernie Madoff. The Ponzi operator often starts with a genuine business to win the trust of investors. Then GREED takes over when he sees so many trust him. The bigger the Ponzi, the bigger the reputation and trust invested in him. Madoff had the trust of investors, of Nasdaq and the SEC.
When Harry Markopolos, of a rival firm, pointed out to the SEC five times from 2000 to 2008 that Madoff was running a Ponzi because his returns were mathematically impossible given the nature of the market, the SEC rebuffed him. When they finally investigated, they still goofed up by a botched up investigation and gave Madoff a clean chit. It all came crumbling down due to the crash of 2008 and Madoff had no money to repay investors. All his account statements to his investors were fake. He had no trading account for his Ponzi money. He had used up all the money to repay some “fund feeders” and live in luxury beyond his earnings. This video will explain how Madoff’s Ponzi kept escalating while warnings were ignored (Video 2.19 mins):
In modern times, the Ponzi is not a sole-operator. He has dozens or hundreds of “fund feeders” who take money of their investors and tell them that Ponzi is a reliable guy and worthy of investment. In return, the Ponzi guy takes good care of these “fund feeders” and gives them good returns for themselves only so that they don’t revolt or reveal the scam to anyone. Much of what Modi does is also like a Political-Ponzi scheme. The “Amrit Kaal” is another grand Ponzi which promises you something in 25 years while looting the trust and vote of Hindus in the present to benefit non-Hindus. The victims are always Hindus – as you will see in the next parts.
To be continued…
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