Normally any crises do take place time and again, reason is just haste; never allow any economy to run faster than acceptable speed ; any acceleration would affect; we wanted infrastructure building very fast to meet globalization (a not so long fact, as today people don't want globalization in EU countries like the UK, France, Greece...why even in the USA, ) worries; that idea then was accepted as great, not realizing we did accept that idea thanks to in 1991 India just about the brink of collapse, but how could we perpetuate globalization , none thought in 2000. The result isfewlt in the form of black money (unaccounted moneys) launderers escaped abrooad; after all you have black sheep always in r]every country, india is no exception, so today SC noted a lot of black sheep escaped, asked the government to track them for bringing them to justice, Economy is never permanent but changes like chemeleon.
I add here, people have to work with today only not on some great futures.
fact is every one so long as lives on an idea this is mine and yours, globalization can never work
Do any anything if not well prepared , you will be severely criticized, no point in feeling bad of such situations; never anger solves issues but just cool think only helps; that way in Gita Lord Krishna tell Dhirutharashtra and Duryodhana, they did not listen, you know the disaster perpetrated by Kurushetra war.
demonetization by Mr Modi PM of India is indeed a great gamble like sub prime packaging of derivatives in the USA then in 2007-08; only here the attempt is to bring black money to the light, purpose is yet to be measured, gamble just because there is massive 'unpreparedness on the part of the government today that helps opposition to find holes.
Wealth is just dynamic moves from one hand to the other, see how Mr Trump, president hopeful how he could cheat taxes for about 18 years. His cheating taxes only helped him become some 'so called wealthy man' he is today; if he is made the president what fate USA can expect in the larger interest of the state as such, therefore we are our own enemies if you read the contract theory expounded in 2016 Nobel price for Economics if you happen to read. My article on that 'Contract theory based' article on the indian economy of today, shortly.
You saw in 2007-08 in the USA, how sub prime surfaced, how Anderson consulting helped Enron? How AIG, BOA , Lehman Bros and others could be helped to pack and repack the real estate in the name of boosting the economy. you know where very USA stands today, so others .
Your very financial crisis comes from Taxing statutes mostly. It encourages misleading accounting tecnics .Besides your taxation experts work in tandem with all corrupt people, without them how can these worthies can become rich?
your government misleads you and you would fall into the trough which is like a Bermuda triangle...govt doesn't know nor you...who will help you, better face...
You have to work with natural laws, you cannot create rains artificially that way drought is bedeviling you, so financial crisis too just because you can never create value just by inflation but sure deflation would take upon you sooner than you expected, so today world over is in trouble..every man has turned into a some cheat or the other, crimes felonies would just abound, face ...them all, till you die as you are no more wise person but some greedy man...see reports are summer will be more hot as clouds to leaping upwards in a hard ice form, what would you do to get rains..so is your financial economics and its great meaningless ideas which you do ideations, but you do not decode why they would not work, but just any agriculturist with sound common sense would respond well but you as generated educated man cannot for obvious reasons that was told to congress in the USA by so many but Goldmansacs like continue...even today at the cost of bankruptcy laws, you want bankruptcy laws here too but think what you would achieve, no man is an island himself but he ought to be a man of wisdom...
Chinmayananda says. 'Wisdom is the antidote for all confusion; but wisdom makes you free from all confusions, son you might get into solace for all fears...after all you need to know nature and world just do not stop for you, so you need to go with it, unlike the legislators think by constitutional amends or amendments, things would improve in fact impossible, that way reservations snowballed into more fake reservationists and politicians are lost in what to do ...
Modern man lacks wisdom being just robotic
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