Saturday, March 15, 2008

Financial Guru & strong dollar mantra


He was the chief priest of financial and monetary system.He had 99 names,some called him guru or pundit and the other considered him just an expert.He helped to establish federal reserves bank that was owned by the commercial banks.He created the concept of trust-backed dollar, made it an international currency and advised government to print tons of dollars.It was the guru, who advised to create an illusion of wealth by over-flooding the world with complicated system of paper money and lent,borrowed, spent and speculated money that never existed.
He had a staff of hundred thousand frogs;they jumped, climbed,croaked and produced deep high-pitched strong dollar mantras.He had thousand tricks in his bag;his delicate quite whisper was clearly heard all over the world.He announced lower interest rate and the world markets danced in joy.
Now the companies are announcing loses,the major holders are selling the dollars, stock markets are in panic,oil and gold prices are reaching sky-high and the world is entering in recession.
The chief priest could all the mantras,could walk gracefully on the Zigzag path of financial world,got endless tricks and is fully prepared for future changes.The delicate whispers of terrorist attack,which could paralyze the computerized international banking system, are already in the air.In chief financial priest we trust.

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