The TATA Nano bookings start today and I’m sure this car will be a massive bestseller; I think America and the entire world should learn something from it.
I was recently speaking to a 70 year old economist who had worked with the IMF. He was quoting J.M. Keynes and saying how the best solution for the economic crisis is that Governments start spending more and more and should start giving out money in the form of bail-outs and stimulus packages.
One of the main reasons for the global economic crash is this way of thinking which assumes that economics and finance are all about memorizing names of ancient economists and drawing complicated graphs and diagrams. I have respect for everybody, however having respect doesn’t necessary mean following what they do blindly. Just because something was right decades ago, doesn’t mean the same thing is right today. Keynes' world was very different from what things are today. American companies, mainly in the financial sector, are filled with frauds, scams and toxic assets and today money can move within seconds from one continent to another thanks to the internet.
The old rules of finance and economics are extinct and simply providing trillions of dollars in the form of stimulus money is just going to make the crash deeper. Part of the reason today the world is in a problem is because America followed a policy of spending more and more; and doing the same thing once again now will only mean more trouble.
Obama is a good man, but fortunately or unfortunately that isn’t the only quality needed to run a nation that is bankrupt. The recent G20 conference where he talks about pumping in more and more dollars in the form of a stimulus package is certainly not going to help the American economy. I don’t want to sound alarmist, but if things continue the way they are America will see major civil unrest and the crisis will get deeper due to rising unemployment, un-paid mortgages and a crash in the dollar.
In the coming few months, American companies might see artificially inflated financial results and there might be an artificial short term rally across the globe. However, please do not be tricked into believing that everything is alright there. The companies where fraud can be done very easily are financials and companies which aren’t into hard core manufacturing activities.
I am very optimistic about India’s long term growth and future and I believe that everything that is happening in the world today will help us a lot in the longer term. As I have always mentioned, now is one of the best opportunities in the history of India to gain a more powerful and dominant position in the world. It is also an excellent long term opportunity for Indian investors to learn more and make the most of now. Since there is so much uncertainty and people are scared, anyone armed with knowledge can benefit by seeing the future. When most other people are wearing blinders of pessimism, it becomes even easier to attract Lakshmi for those who have Saraswati on their side.
However, I hope that our government and economists stop simply following the West blindly. It is high time we realized that the system that has been followed by them for decades is no longer valid in the modern day world.
I know a lot of conventional and conservative economists don’t agree with our radical ideas and views, but that is what the Happionaire way is all about. A section of our country is still in awe of anything western and foreign. We need to realize that it is high time India, regained its lost glory of the times when we were one of the richest and most prosperous nations in every possible way. In fact Columbus, the man who discovered America, had actually set out in search of India as people all over the world had heard stories of its prosperity and wealth. No wonder he ended up calling the early inhabitants of America – Indians.
We need to realize that we are no longer simply followers, but leaders and we can show the world the right way of doing things. I already see that happening. Today while GM makes fuel guzzling SUVs, TATA Motors makes extremely fuel efficient and practical cars like the NANO. Do you remember, when Mr. Ratan Tata spoke about his dream, most people in the West and even a few Indians laughed and made jokes, but today we can see who is having the last laugh. The NANO is young, alive and vibrant while the old gas guzzling SUVs are bankrupt. People like Ratan Tata prove that it is never too late to start something new and go after one’s dreams. Looking at him makes me even more passionate about spreading the Happionaire way to each and every Indian.
I see many more innovations and new ideas coming out of India in every field, and if America really plans to get out of trouble, it needs to understand that the world is changing and what was right decades ago is extinct today.
May you always be blessed with Saraswati and Lakhsmi!
P.S.: Just recently I met someone who is known as “The Chameleon” in the inside world of investing. He wanted to meet me after reading Happionaire’s Cash The Crash. I will share more on it shortly.