Rahul Mehta Gandhinagar LsCandidate
Bankers ke GOLDEN achchhe din aa gaye .... bankers will get temple golds so that they can pledge that gold as repatriation-collateral and obtain FDI !!!
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IOW, if MNC-owners decide to pull their dollars out, and GoI doesnt have dollars to give them, then temple gold will be given to them in lieu of gold !!!
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Let me explain details using approx numbers ---
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1. GoI has forex reserve of $300 billion
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2. India has debt of $380 billion.
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3, India has FDI of $350 billion.
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So if FDI investors sell their assets and demand dollars, and all debt has to be repaid, the GoI will have to repay $ 680 billion, while it has ONLY $300 billion.
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So MNC-owners are telling GoI = NaMo that "we can give you more dollars as FDI, but you first increase repayment capacity.
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So NaMo is ordering temple trustees to deposit temple gold with SBI etc, And in effect, NaMo is telling MNC-owners than in case $300 billion falls short for repayment, then we will hand over temple gold to you !!!
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Tirupati temple directors gave 1800 kg of gold = approx Rs 5000 crore worth gold to SBI. This gold will NOT be kept in vaults and lockers. This gold is given to SBI as loan with lock in period of five years, and SBI has promised to return 1% more a year i.e. 5% more after 5 years i.e. approx 1900 kg after 5 years. Now if gold were to be kept in lockers , then no bank would give 1% interest on it.
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So SBI directors are being officially allowed by temple trustees to sell that gold in market, or[b] use that gold to pledge it against IMF\WB\BRICS loans[/b]. So SBI directors will get dollar loans using gold, which is as good as good as selling away that gold. And then SBI directors can give the money to Kingfisher etc. In return Kingfisher etc will give bribes to SBI babu, FinMin babus and assorted MPs and Ministers. May be temple trustees are also in the loop. Finally, GoI will fail to pay back the dollars, and so all dollars will land in the hands of IMF\WB\BRICS etc MNC-owners.
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This 1800 kg deal happened yesterday. So far, Balaji temple trustees have been convinced or forced or incentivized to loan 5000 kg of gold in total. This is Rs 15000 crore worth gold. Plus add gold from another temple. We are talking of HUGE money. And NaMo-apologists want us all to believe (= get fooled) than NaMo doesnt know anything about it, and he has no role to play, and temple trustees are NOT being forced but they are doing it for benefit of Hinduism , temple etc etc !!!
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RSS-activists (rightly) made huge hue and cry when Congress made (successful?) attempt to steal Padmanabhan gold. But now all RSS-workers are supporting this gold loot(?) of Balaji in the name of nation building !!
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