Friday, 15 November 2013

Pakistan and Horrors of Interest Based Debt /* Work in progress */

I reckon we need a martial law more than ever to abolish the political and economic dynasties in Pakistan now.
This failed government was brought to power by massive funding from foreign lobbies and local elites. The collateral proof to support this theory is how the government and the imposed policies have been aligned to aid foreign agenda. Also, I have heard rumors that the day PML-N won, there was a significant transfer of funds to all the PML-N MNAs. Upon trying to use my sources to get details of information, I was either denied or told it is false. However, I did see a certain increase in the economic activity of the suspicious households whom I expected to have been bribed.
Coming back to policy, notable examples are:
 1. IMF loan. Which increase poverty, unemployment and misery in the country, practically making it a slave of foreign lending lobbies when it comes to policy making etc. So now we cannot rise against them. Note that IMF loan agreement and the report issues clearly indicated that it will devalue the rupee and cause unemployment of 1.2m people. Only PTI has continuously raised this issue in the NA.
 2. Silent support for US drone strikes which is a violation of our sovereignty. If anyone should be punishing the perpetrators it should be us, and by capricious means which do not eventually cause civilian casualties. (Don't know why the drone supporters don't understand that droning and war strategy is not working)
 3. Imposing laws which blatantly facilitate the rich and wicked. Recent example is the money whitening scheme by Nawaz. I will post details of this later, apparently ET doesn't like when I mention that black money can also come from drug sale, bribery and running prostitution cartels. Though, I just seek to make a point how horrendously wicked people will get a free hand with this policy. Secondly, the continuous inflation and indirect taxation which only exploits the middle and poor class. Eventually the modal that will follow will be of a slave class and an elite class. (Please my Pakistanis, my people, wake up!)

My people, I want you to see how vision-less and stupid the incumbent government is. Ishaq Dar, the so called "experienced" economist has failed to understand how interest-based debt is detrimental to the society and what its long term atrocities. SBP buying dollars, Minister issues stock incentives, etc. justify how incapable their minds are in perceiving the root cause of the problem. These are just artificial measures to alleviate hyper-inflation of the so called economists with PhDs, who have their brains washed by complex mathematical modals crafted only to bog the minds. In the core of this lies the menace of interest which seeks to generate more money than a system can produce (It's a long discussion, read my blog)
P. S. I only seek to inform my people of the menace that, if not stopped, will ruin us.
Do not align to a party, and do not align to Pakistan even, atleast align to yourself! Look at how these rulers are exploiting you.
Imran Khan I hope our pressure might give results, I am expecting that a monthly deficit of millions of dollars might raise eyebrows in coalition fund experts.

What is black money? It is the money gained from evading taxes, extortion, prostitution, drugs, theft, robberies, hence money gained from illegal means. Do note that all of these actions directly affect the common man. Through tax evasion and theft of resources, the honest tax payer is burdened more. Now, PML-N will effectively make this legitimate? My people do you not see through the depth of this? In action, by supporting this you will give a thumbs up to money gained from the traffic of helpless girls for forced prostitution. Death is better than being a party to this.
They money stolen from my people should be taken out of the bellies of perpetrators by force and should be distributed amidst the victims.

Good Imran Khan, keep up the efforts, you're the voice for the grief my people live in, whether they accept it or not. Shame on PML-N voters and supporters who still support them.

@Muslim Leaguer:
You baffled me with your statement.
Either you are payed or you lack the foresight of the current circumstances.
You must understand that the design of this scheme is to further benefit the industrialists.
They will get waivers and facilities for their taxes. So indirectly, this results in "LESS" revenue for the country. It is imperative that one also looks at certain steps from a bird's eye view to understand the effectiveness of a method.
Employment opportunities will never increase this way. Tax cannot be related to employment. Infact when the government takes foolish steps, taxation results in loss of employment.
Rest assured, if you are willing to see through, the current IMF loan taken by this government will decimate all the other methodologies they have adopted to create employment. Right now coming up with accurate figures is not possible but do not forget that the IMF loan's report clearly stated that the loan will further increase unemployment for 1.2m people. It will drop the rupee to around 130 to the USD.
Our current rulers are not there for us. If they were, their immediate steps wouldn't have been over-taxation of the middle and poor class.
On the other hand if the government had decided to REDUCE taxes and then started a crackdown of evaders, it would have been more beneficial. Because obviously someone earning Rs. 50, 000 would rather pay Rs. 2000 in tax and be legit rather than Rs. 10,000.

The incumbent government doesn't have a vision at all. Their strategy is only and only to tax poor and middle class, introduce new indirect taxes, so that there is a slave class and an elite class.
Someone with proper foresight will find the root of tax-evasion, why do people evade? Are the taxes too much? Why are they too much? Should they be this much?  How can I streamline the taxation methods and work on modals which encourage and not discourage the local man from paying taxes?

Incentives to top tax payers is a bogus method. What is the fault of someone who has a small business but is paying 100% of his share of taxes. Doesn't make sense.
If you see through, Sharifs and Dars are nothing but liars, spineless and cunning pawns forcing my labour-class to organ sale for food.
- Respect. 

What a fail PML-N voters brought on the country. A failed ‘experienced’ team, with no vision or sympathy for the common man.
Dar and Sharifs are unfortunately, turning out far worst than PPP. Not only do they act irresponsibility, they also are making policies directly benefiting to their economic empires e. g. Sugar industry bans and lack of accountability for stocking reserves.
Shame on PML-N voters, who just the faces of these rulers and not their own pockets, whom, I know, would be equally devastated under these policies.

For all those who do not understand the aforementioned dagger in disguise,
This means that the tax collection by the government has to increase. This will either be done by introducing more indirect taxes, or putting direct Value Added Tax on all products.
So for the common man, just understand that currently something that costs about Rs. 100
will go up to around Rs. 130-140 assuming government has to implement Value Added Tax.
Now, we know from their tenure since May that PML-N government doesn’t target the rich when it comes to taxation. So I guess the middle/labor class has to pay for it.
My people, wake up, please!
This is the time for awakening or our economy will collapse to simple an elite class and a slave class. Where the elite will dwell in palaces whereas the slaves will subservient to them for daily commodities.
Wake up! Don’t be pro-party, be pro-Pakistan.

Nov 13, 2013 - 6:05PM
IMF programs have earlier played havoc with countries like Indonesia and Argentina. Indonesia is a recent example, with the situation very similar o Pakistan when IMF started tightening its noose around the economy in the garb of bailouts and other incentives. The formula here is exactly the same. Increase direct tax, such as sales tax, a specific tax, value added tax (VAT). Increase the price of utilities like power, gas, fuel. Remove all subsidies which benefit the poor strata of the society, hence dividing the poor and the rich into two extremes and totally decimating the middle class.
Even now there is no concerted efforts to increase the indirect taxation with taxing the rich which numbers more than 3 million. Rich landlords, capitalists/industrialists, Estate developers who are taking full advantages of the loopholes in CBR/FBR laws.

Anyone in the government cognizant of this huge catastrophe in the making, right here, right now.

My people never learn. My people never learn. My people never learn. :(
Are you aware of any platform through which we can actually communicate the atrocities of the IMF program to the NA, and to the public? So that they understand how brutal an interest-based debt is on the common man.
P. S. Thank you for informing my people.
These few news that ET passes out, are far more serious than any Taliban insurgency, military coup, party statement or even an invasion. They distort the fabric of humanity, if only one understands.
My people just see this as “inflation”, but the reality of these economic policies and the consequences is far worst.
As poverty and unemployment in the country increases, so does corruption. Soon, due to the lack of resources, people will start to steal/commit crimes to keep their lives in line.
Prostitution will increase, dacoit culture will start to prevail, organ-sale is already being done by the labor class of the country and it will increase, as frustration increases in the people so will the rapes of women and children, and eventually this all will fall in the slave-master modal as you mentioned. What a bitter reality and my people in their naivete don’t see the hypocritical, spineless and apathetic nature of our rulers.
As blatant as it seems, the economic modal is exactly this, and nothing otherwise. It is a systematic deprivation of the society distorting the line between man and animal.
If only my people understand…

(ET Mods, why do most of you sensor my comments about world economy, trust me, you will soon feel the heat of the treason our rulers are committing against us.)

My people wake-up and see the wider vision of the issue!
IMF team is not here to help us, it is here to further promulgate policies that will ensure that wealth in accumulated in a few hands.
This vision-less apathetic government is against the people of Pakistan, be assured that they were selected by foreign agencies to further deprive the country. They came to power ONLY to implement policies which makes Pakistan and its people more dependent to foreign powers.
These spineless rulers have already hinted that Pakistan will soon have full fledged Value Added Tax, more income tax, more tariffs of power, water, gas etc.
My people wake-up, when IMF comes they will force these tyrannical rulers to enforce more taxes on us, which will further widen the gap between classes and put severe pressure on the pockets of the fixed income group. Do you all want to give 50% of your salary to the these corrupt officials?
My labour-class has been driven to organ-sale, in backward areas people are resorting to cannibalism, theft and armed robberies have increased, people are frustrated, rapes are on the rise.
My people, why can you not relate that crimes are a direct result of an unhappy society?
Will you continue to close your eyes, and keep your hands shackled from working against these blood-thirsty hounds that were elected?
My people, what keeps you from rising in a revolution?
ET do not sensor when I try to give a broader vision to my people. They need to foresee what is happening. It is extremely naive and shortsighted to mark what I say as a ‘conspiracy theory’.

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