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Comical banking ?

You are stupid if you thought banks just do banking. They take part in politics.

That is what HSBC did. It ‘downgraded’ HongKong’s securities to ‘underweight’. That meant that the stocks in HongKong were not attractive to buy now. Do you know the reason ? A pro-democracy movement that was underway in HongKong.

Shocked world reacted and immediately HSBC went back on its analysis. Then it put ‘democracy movement’ as the final item in its many other reasons. How did the ‘new’ reasons come about just in a day ? Who was behind these ‘new’ reasons ? More importantly who was behind the ‘old’ reason ?

The truth is plain and simple. Beijing does not take kindly to the democracy protests. It sees such protests as harbingers of freedom in mainland China. Hence exerted pressure on HSBC to ‘downgrade’ its own region.

Later when the twitterati went up in anger, HSBC ‘revised’ the reasons.

I know P.G.Wodehouse worked for HSBC for some years. The bank need not become a comedy just because of that.

 
1 Comment

Posted by on July 9, 2014 in English Posts, Writers

 

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‘Self-deception – India’s China Policies’ – book review

When Arun Shourie writes a book, there are three kinds of reactions. The Congress doesn’t speak, the communists denigrate the book and the nationalist becomes sad on reading the book. All three reactions are wholly justified as they are true. The fact of the matter is that the book, true to Shourie’s style, contains detailed analysis, in-depth and incisive evidences to back the analysis and then in the end, the way forward from the current situation.

And, as usual, the way forward is coolly forgotten by the country that continues to live in utopian dreams.

The subject of this book is also on similar lines – Indian nationalism, India’s foreign policy, how the leaders let the country down and what needs to be done to take it forward from the then current abyss. In this book, the leader that has let the country down is, hold your breath, Pandit Nehru. Yes, of all people, how Panditji screwed India’s foreign policy and the aftereffects of that carefully cultivated folly called ‘NAM – Non Aligned Movement’ and the case of mis-placed self-promotion that cost the country dear.

No, this is not an anti-Congress book from a BJP writer. For practical purposes, after Vajpayee started to recede from politics due to health reasons, Shourie has never played any role in the BJP. However, his forthrightness and fortitude are all the same.

It begins with Panditji’s lofty ‘ideals’ at the time of independence in 1947, goes on to explain the lies that he imagined to be true and the imaginary position that he commanded in world affairs and therefore chose to ignore the obvious evil, China and its communist upsurge.

Panditji is warned, with great foresight, by Rajendra Prasad, the then President of the Nation, Sardar Patel, the then Home Minister on China’s evil designs. He is repeatedly sent long lists of evidences from different officers of the Indian Government from Sikkim, Arunachal Pradesh, Tibet, Beijing ( then Peking ). Panditji chooses to ignore each and every one of these evidences and letters. In fact, he admonishes the writers of these letters.

It becomes a habit for Panditji to putdown the very officers of the government who choose to do their duties. Officer after officer presents Panditji with the situation on the ground in Tibet, Sikkim, Arunachal Pradesh, Aksai Chin and Lhasa. And every time each of these officers are admonished by Panditji. He puts them down either for their usage of the term ‘communist’ or for the term ‘McMahon Line’. Or otherwise he chides them for some language usage. With these he wishes his hand away from the main problem of China.

The officers repeatedly talk about the issue of China issuing maps that show large parts of Sikkim, Arunachal Pradesh and Tibet as their territory. First he rubbishes them that those were old maps. Later he says the Chinese government doesn’t have time to issue new maps and hence ignore that. And these are exactly the lines spoken by Chou-en-lai, the then Premier of China. And what ever Chou-en-lai says, Panditji repeats.

When opportunity presents itself for Panditji to discuss these issues with Cho-en-lai, he prevaricates. Instead he speaks about Cuba, Algeris, Korean war, the US-Britain imperialism etc.

These, Shourie presents from Panditji’s own letters o his Ambssadors to China, Letters to the Chief Ministers and hid various press conferences. And what we see is that first Pandithi refutes and puts down the questioner, then after some years seems to slightly agree but hide under the garb of ‘socialist thought’ and later only when China attacks in 1962, does he acknowledge the Chinese threat.

And the issue of the Chinese communist threat to India has been there from 1950 onwards.

We also get to know the great debates and questions that happen in Lok Sabha when Panditji is questioned by Prof.N.G.Ranga, Acharya Kripalani and Atal Bijari Vajpayee. Yes, Vajpayee is relentless in his questioning of Panditji on China.

Towards the later part of the book, we get a glimpse of China’s growing hegemony in the world – oil diplomacy, funding diplomacy and later military diplomacy, the way countries in Latin America that are not eligible for IMF loans are provided loans in return for oil favours, the way deep water ports are constructed in Gwadar Pakistan, Sri Lanka almost free of cost with the only condition that China would have first rights for oil transport through these ports, the way oil pipelines have been laid from Burma deep into China, the way Tibetan rivers are diverted to provide water to Central China – all these are explained in great detail with evidence.

And the Chinese way of usurping territory – ignore complaints, silently encroach and set up base and later claim that they had never had any contention in the area under question. The other tactic is ‘murder with borrowed knife’ – arm the enemy’s enemy. And China excels in that.

And what is also explained is the complete policy paralysis in India right from the days of Panditji to the current regime when inaction is eulogized as policy and strategy, ignorance is camouflaged as wisdom and policy paralysis has become the norm.

And towards the end of the book, we get the complete but abysmal picture of the current state of affairs especially with respect to foreign policy ( better that we don’t discuss about the other fronts like Finance, Education etc ).

The book leaves you with a deep sense of shattered national pride.

A must read for every Indian nationalist.

 
2 Comments

Posted by on January 19, 2014 in Writers

 

Tags: , , , , , , , ,

'Self-deception – India's China Policies' – book review

When Arun Shourie writes a book, there are three kinds of reactions. The Congress doesn’t speak, the communists denigrate the book and the nationalist becomes sad on reading the book. All three reactions are wholly justified as they are true. The fact of the matter is that the book, true to Shourie’s style, contains detailed analysis, in-depth and incisive evidences to back the analysis and then in the end, the way forward from the current situation.

And, as usual, the way forward is coolly forgotten by the country that continues to live in utopian dreams.

The subject of this book is also on similar lines – Indian nationalism, India’s foreign policy, how the leaders let the country down and what needs to be done to take it forward from the then current abyss. In this book, the leader that has let the country down is, hold your breath, Pandit Nehru. Yes, of all people, how Panditji screwed India’s foreign policy and the aftereffects of that carefully cultivated folly called ‘NAM – Non Aligned Movement’ and the case of mis-placed self-promotion that cost the country dear.

515gbda7zml-_sx315_bo1204203200_No, this is not an anti-Congress book from a BJP writer. For practical purposes, after Vajpayee started to recede from politics due to health reasons, Shourie has never played any role in the BJP. However, his forthrightness and fortitude are all the same.

It begins with Panditji’s lofty ‘ideals’ at the time of independence in 1947, goes on to explain the lies that he imagined to be true and the imaginary position that he commanded in world affairs and therefore chose to ignore the obvious evil, China and its communist upsurge.

Panditji is warned, with great foresight, by Rajendra Prasad, the then President of the Nation, Sardar Patel, the then Home Minister on China’s evil designs. He is repeatedly sent long lists of evidences from different officers of the Indian Government from Sikkim, Arunachal Pradesh, Tibet, Beijing ( then Peking ). Panditji chooses to ignore each and every one of these evidences and letters. In fact, he admonishes the writers of these letters.

It becomes a habit for Panditji to putdown the very officers of the government who choose to do their duties. Officer after officer presents Panditji with the situation on the ground in Tibet, Sikkim, Arunachal Pradesh, Aksai Chin and Lhasa. And every time each of these officers are admonished by Panditji. He puts them down either for their usage of the term ‘communist’ or for the term ‘McMahon Line’. Or otherwise he chides them for some language usage. With these he wishes his hand away from the main problem of China.

The officers repeatedly talk about the issue of China issuing maps that show large parts of Sikkim, Arunachal Pradesh and Tibet as their territory. First he rubbishes them that those were old maps. Later he says the Chinese government doesn’t have time to issue new maps and hence ignore that. And these are exactly the lines spoken by Chou-en-lai, the then Premier of China. And what ever Chou-en-lai says, Panditji repeats.

When opportunity presents itself for Panditji to discuss these issues with Cho-en-lai, he prevaricates. Instead he speaks about Cuba, Algeris, Korean war, the US-Britain imperialism etc.

These, Shourie presents from Panditji’s own letters o his Ambssadors to China, Letters to the Chief Ministers and hid various press conferences. And what we see is that first Pandithi refutes and puts down the questioner, then after some years seems to slightly agree but hide under the garb of ‘socialist thought’ and later only when China attacks in 1962, does he acknowledge the Chinese threat.

And the issue of the Chinese communist threat to India has been there from 1950 onwards.

We also get to know the great debates and questions that happen in Lok Sabha when Panditji is questioned by Prof.N.G.Ranga, Acharya Kripalani and Atal Bijari Vajpayee. Yes, Vajpayee is relentless in his questioning of Panditji on China.

Towards the later part of the book, we get a glimpse of China’s growing hegemony in the world – oil diplomacy, funding diplomacy and later military diplomacy, the way countries in Latin America that are not eligible for IMF loans are provided loans in return for oil favours, the way deep water ports are constructed in Gwadar Pakistan, Sri Lanka almost free of cost with the only condition that China would have first rights for oil transport through these ports, the way oil pipelines have been laid from Burma deep into China, the way Tibetan rivers are diverted to provide water to Central China – all these are explained in great detail with evidence.

And the Chinese way of usurping territory – ignore complaints, silently encroach and set up base and later claim that they had never had any contention in the area under question. The other tactic is ‘murder with borrowed knife’ – arm the enemy’s enemy. And China excels in that.

And what is also explained is the complete policy paralysis in India right from the days of Panditji to the current regime when inaction is eulogized as policy and strategy, ignorance is camouflaged as wisdom and policy paralysis has become the norm.

And towards the end of the book, we get the complete but abysmal picture of the current state of affairs especially with respect to foreign policy ( better that we don’t discuss about the other fronts like Finance, Education etc ).

The book leaves you with a deep sense of shattered national pride.

A must read for every Indian nationalist.

The book can be bought from here.

 
2 Comments

Posted by on January 19, 2014 in English Posts, Writers

 

Tags: , , , , , , , ,

Aside

The Chinese are at it again. Like their gas and oil companies, their copper companies are on a global buying spree. This time again they are after the copper mines in Latin America.

The deals are at least a billion dollars worth each and every time. And the companies are state run companies that have official sanction for all kinds of malpractices all the world over.

The Wall Street Journal reports that in 2013 alone, the Chinese companies have signed up $ 1billion worth of copper mines in Peru while the comparable deal value in 2012 was $660 million.

The country imports 3.4 tons of copper while consuming 30% of the worlds’ Copper produce.
So what is interesting to note is that worldwide copper prices are softening and hence the assets that China is accumulating by way of owning copper mines are enormous.

And the dangerous part is that there are no new copper mines that are going to open up in the near future. Anything that becomes a monopoly, that too in the hands of China, is not good for the world.

With the U.S fighting its own internal wars between its Republicans and Democrats and Obama not really being able to exert the U.S.s “power” so to say, we are increasing heading towards a world that is being gobbled up in parts by China by way of its acquisition of the worlds’ fuel and mineral resources.

The Chinese are already in the Indian Ocean area exploring the ocean bed for resources. They are at loggerheads with almost every country in the South China Sea for its reserves of Hydro Carbons and have already gobbled up most of the African republics ( if you could call them so ) and thus ensured that they get oil at priority rates by helping every dictator with slush funds disguised as “payments for services rendered “.

The are in Sri Lanka having built a deep water port for them where they have been provided free boarding and lodging for their oil carrying ships.

This does not augur well for the stability of the world powers that too democratic ones that have to overcome every known opposition and stumbling block in their country to do at least a fraction of what China does overseas.

The only choice to check this is the U.S. But they are more concerned about overhearing what people talk about in their homes while leaving the real issues to address themselves.

The dragon is roaming around

 
1 Comment

Posted by on September 30, 2013 in English Posts, Writers

 

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Aside

The Chinese incursion seems to have been ended or what do they say for that ? Un-incursion ? What ever that might be. Oh yeah, the troops have moved to their previous positions. This is what the government wants us to believe.

Well in addition to its many lies, let us believe in this too.

Realistically what can be the plan to contain or at least make China think twice before embarking on such irritating incursions?

Make friends with his enemies, stupid. We have a whole lot like Japan, US, Philippines, Thailand and the lot.and China makes an enemy per day.
String of pearls strategy as proposed earlier by Brajesh Mishra needs to be followed through.

Note: In this whole incursion episode, the CPI and CPI (M) kept mum all through. Imagine if the US would have done this and their reactions. And no editorials on this from The Hindu either. This is in Tamil called “Pagutharivu”.

Telling lies, no PM

 
 

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