Can you dig Time Travel?
Mar 25th, 2009
The Current Economic Crisis Explained
Mar 25th, 2009
Raju Bhai is the proprietor of a Siri-Paya and Nehari Shop in Hyderabad.
Sales are low and, in order to increase them, he comes up with a plan to allow his customers to eat now and pay later. He keeps track of the meals consumed on a ledger.
Word gets around and as a result increasing numbers of customers flock to Raju Bhai Hotel.
Raju Bhai’s suppliers are delighted and are very willing to sell more and more raw materials for the meals he prepares. Raju Bhai shows them his ledger of receivables and they extend him credit.
A young and dynamic customer service consultant at the local bank recognizes these customer debts as valuable future assets and gives Raju Bhai a credit line and then increases Baba’s borrowing limit.
Taking advantage of his customers’ freedom from immediate payment constraints, Raju jacks up the prices of his Nehari and Siri-Paye.
Customers don’t mind as they are not required to pay on the spot.
Sales volume increases massively; Banks and suppliers lend more.
Raju Bhai opens more outlets. He sees no reason for undue concern since he has the debts of the customers as collateral.
At the bank’s corporate headquarters, expert bankers recognize Raju’s customer loans as assets and transform these customer assets into BONDS.
These negotiable instruments are given exotic names such as SIRIBOND, PAYABOND, ZABANBOND AND NANBOND.
These securities are then listed on the Stock Exchange and traded on markets worldwide.
No one really understands what the names mean and how the securities are guaranteed but, nevertheless, as their prices continuously climb, the securities become top-selling items.
One day, although the prices are still climbing, a credit risk manager of the bank decides that the time has come to demand payment of one of the debts incurred by Raju Bhai.
Raju in turn asks his clients to pay up. One by one they refuse; the clients cannot pay back the debts.
Raju Bhai refuses to serve them any more. The clients stop coming.
Raju is really screwed now. He cannot fulfill his loan obligations and therefore claims bankruptcy.
All Bonds drop in price by between 80 to 95%.
The suppliers of Raju , having granted generous payment due dates and having invested in the securities are faced with similar problems.
The meat supplier defaults on payment to the sheep and cattle supplier and Claims bankruptcy.
The Aatta supplier is taken over by a competitor;
Raju lays off the cook and staff. Bankruptcies soar, unemployment mushrooms.
The bank that lent the money in the first place is set to collapse.
It is saved by the Government following dramatic round-the-clock Consultations by leaders from the governing political parties with Raju Bhai commuting back and forth in his Executive jet and Mercedes 500SEL, brokering the deal.
The funds required to save the economic collapse are obtained by a tax Levied on the citizens, most of whom do not eat Nehari or Siri-paye.
Ayatul Kursi
Mar 22nd, 2009
Allah! La ilaha illa Huwa (none has the right to be worshipped but He),
the Ever Living, the One Who sustains and protects all that exists. Neither slumber,
nor sleep overtake Him. To Him belongs whatever is in the heavens and whatever is
on earth. Who is he that can intercede with Him except with His Permission?
He knows what happens to them (His creatures) in this world, and what will
happen to them in the Hereafter . And they will never compass anything of
His Knowledge except that which He wills. His Kursi extends over the
heavens and the earth, and He feels no fatigue in guarding and preserving them.
And He is the Most High, the Most Great.
[This Verse 2:255 is called Ayat-ul-Kursi.]
