Wednesday, 14 January 2009

...the bigger scam??

well....I haven't written the entire winter.....what a waste of a good writing season! OK whatever, but just when I need the Internet it ditches me....everytime i sit to write, my connection goes whack! Anyways, whats the buzz these days, besides the infamous 'economic crisis'?? and to top it up, we have some 8000 crores gone with the wind, like the guys in one of the biggest online companies, thought of playing the last round of Crystal Maze with a pack of notes and were unsuccessful! Ofcourse, those notes never existed; but heck what a late realization! The funny thing is, why is this on the top of my head these days? Maybe because I see a parallel scenario with this whole Satyam scam. If you think of it, whatever is going on in the world these days, can be looked at as a stretched version of this scam! The reasons behind this worldwide recession are many; too much lending, investment in then-promising markets, positive estimation all along the way, but they all lead to the same thing - artificial income. 'The bubble has burst' is a pedestrian phrase these days. But isn't the bubble symmetrical to the one created by R. Raju? But where were we, when this bubble was being created, by us and by everybody else around us? I mean it sounds like a silly question...but don't we have to come to terms with the fact that a billion of us around the world were being foolish at the same time. People were literally gambling with their money in markets such as real estate, in the hope that its going to double, triple or quadruple. It did for a while, but it had to stop! The money has only been in the air, rather than our hands, and we all have been inflating that air around us, and what have we been left with? This continuous inflating has brought about this inflation, and now it pinches us that it was a world of illusion we were living in.

I know nothing can be done about it, buts its only a thought....this is what i call the Bigger Scam....one that has left millions worldwide jobless, penniless, hopeless and clueless, with money evaporating into thin air or rather, going back to where it belonged! Alright so, just that everybody was drowning themselves legally while the guy in Satyam did it against ethics, corporate governance, fidelity to investors, and so many other factors! Not really a world of difference between the two things.....but then again, when everybody is doing the 'same wrong' thing, its not really a crime...



No comments: