Developed And Underdeveloped
Countries Financial Problems
Dear friends Salam to all of
you.
How do you grade the DEVELOPED World, Lets say How do we grade USA, UK, FRANCE,
GERMANY?
The most sophisticated place on earth in terms of technology, wealth, expertise
and brains (apart from a big problem there, who is gonna replaced even by a
bigger one Obama/McCain , i am sure), because one should expect the best but
also be prepared for the worst, and it is generally believed that whoever will
be selected there will be bigger problem and we will say " yaar yoh apna BUSH
hee acha tha ", just like our people are now saying "yaar yoh apna MUSH "Musharaf"
hee acha tha", actually in general the man is a fool as somebody very well said
"As a whole man is a fool, when its hot he wants it cool, when its cool he wants
it hot, always wants what is not".
OK let me come on the point i would like to raise, and nobody as yet ready to
discuss it or may be whoever knows these facts are trying to hide these,
everybody is trying to pointing Pakistan and its people for poor things and this
and that and they forget a number of things as I think receiving and forwarding
the messages are easy and specially for those who themselves have no brain,
ideas, logic and education.
Average Per Capita Income of Developed Countries are above 30,000 Per Annum,
which means if we divide any country's GDP to all its citizens whether employed
or un-employeed, it calculates per capita income
Pakistan's per capita income is below 100 dollars per month Bellow 1000 Dollars
Per Annum
USA Per Capita Income is Above 40,000 Dollars Per Annum
UK Per Capita Income is Above 40,000 Dollars Per Annum
UAE Per Capita Income is Above 40,000 Dollars per Annum
Saudi Per Capita Income is Above 20,000 Dollars Per Annum
And yet we Pakistani buy and use McDonald' Burger, Petrol, Diesel and other
items more expensive than the rest of the world.
What is one barrel petrol means to an American/British/Arab/Japanese and others
national if compared with us, means we all pay the same 75/80 Dollars per barrel
and see the per capita income of the above nations, and is there any
justification that earning 1000 Dollars Per Annum is paying the same amount as
someone having more than 40,000 Dollars per annum is paying. This bull shit is
not seen and discussed by our patriot Pakistani.
As everybody knows but afraid to discuss is :
The USA and the UK and the Europe and almost all DEVELOPED Countries (almost
100% literacy rate) have all the Resources (such as Human Resources, Power,
Wealth, Assets, Expertise, Education, Planning, this and that and all set to
rule the roost and they are hugging the road for the other underdeveloped
countries and yet the Developed world with all their powers, education and
research and this and that are unable to control the Financial Crises, said to
be the worst Financial Meltdown, which is of course resulting due to greed, in
competency, poor management and criminal negligence. And as we know an graduate
from these Developed countries is better than a Director in our Country in terms
of education and exposure, and hundreds of thousands of Developed National's
Nationalist are lagging behind and watching each other faces, they do know
nothing, they have researches, materials, experience and all the things, but
still they are watching their ships sinking (their Stock Exchange, Forex
Markets, Trade Deficit, Job Cuts, a visible Cut in their national sending), are
they deserved to be the best, i am sure they are not, they are cheaters and now
they are cheating their Taxpayers money (planning to pour Taxpayers money to
save their Financial in competency).
Now the point arises when nations mentioned above have all the powers, education
and qualification, the Credit Crises, Stock Market Crises, Forex Crises, Mortage
Crises, Defaultering huge organization like Lehman Brothers (4th Larges American
Bank), In September the US Treasury took on the $5.3 trillion mortgage exposure
of Fannie Mae and Freddie Mac, whose heads already had been removed for
accounting fraud.
In the month of September the 4th Investment Bank of USA Lehman Brothers went
bankrupt, when prospective Wall Street buyers couldn't gain any sense of reality
from its financial books. The Federal Reserve agreed to make good for at least
$85 billion in the just-pretend "insured" winnings owed to financial gamblers
who bet on computer-driven trades in junk mortgages and bought counter-party
coverage from the A.I.G. (the American International Group, whose head Maurice
Greenberg already had been removed a few years back for accounting fraud).
But it is Friday, September 19, that will go down as a turning point in American
history. The White House committed at least half a trillion dollars more to
re-inflate real estate prices in an attempt to support the market value junk
mortgages - mortgages issued far beyond the ability of debtors to pay and far
above the going market price of the collateral being pledged.
I do have a lot to say and also have a lot of time, but your time is precious so
the rest is for the column (if there is any)
Take very good care of your self and do not let your imaginations, ideas,
efforts to go against the Muslims, Pakistan, because wherever you are you are a
Pakistani. Some of us are selling our bodies, efforts and burning our wishes,
blood for the development of other countries but when we retire (not able to
work further), we are forced to leave the Country and go back to your Country
again (not everyone is fortunate enough to have son in USA to go to ). So keep
your chin up and never underestimate and undermine our country which in other
terms i say "Aapni Maa ko gaali maat do", i am sad on which country's passport
we go abroad a Pakistani passport ofcourse and still we are not ashamed when we
say and promote bad things for Pakistan and forget our past.
I am getting depressed and frustrated so friends be happy and never think me
wrong, may be in tight emotions, there are/were/will be any thing like that, i
am sorry in advance, but i am sure if were are true pakistani and know to
respect our mother / motherland you will not find either a single word or a
character to be taken personally.