Indianexpress.com : comments : ‘The funny money is gone and now we are all coming down to earth’

‘The funny money is gone and now we are all coming down to earth’

•Subhomoy Bhattacharjee: We still do not know the extent of the toxic waste in the Indian financial system and unless that comes to light, we would not know whether we are really bottomed out, would we? Uday Kotak: I agree that global de-leveraging is still on in a big way and when you ha ....Read more

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Three persons in every transactionBy: Mr India | Saturday , 31 Oct '09 15:30:59 PM Reply | Forward There are three people involved in every monetary transaction.1. The money giver2. The money receiver3. The third person is the one whom the giver and receiver trust completely. And based on this trust, have given him the authority to print and maintain the money on which they are transacting.The third person (or entity - compromised on many persons with similar views) has enormous power at his disposal.

moneyBy: hanson | Monday , 26 Jan '09 22:08:03 PM Reply | Forward HELLO, good evening.it is an oportunity for me to express you my desire, concerning funy momey i really want to connive in an undersanding mannr.ok if may sound interested to you then get back for more dedails.

Discovery of Funny Money: CongratulationsBy: S.C. Aggarwal | Sunday , 16 Nov '08 11:38:40 AM Reply | Forward Dear Sir, Till today i.e. November 16 2008 I was aware that there are two types of money in India - (i) white money and (ii) black money. But after reading Indian Express today at 7.00AM I have come to know that money is of three types - (i) white money (ii) black money and (iii) funny money. Thanks to Indian Express (Nov 16) and Mr. Uday Kotak for the discovery of "funny money". What I have understood is this that " funny money" is the creation of stock market manipulators who go on inflating the prices of shares. Mr. Uday Kotak has given an example' As on Oct 2007 India's total FII equity, at market price was around $280 billion and total foreign exchange reserve was $ 300 billion but after meltdown though there has been foreign exchenge outflow of $ 15 billion the total FII equity stands at $75 billion. So this is "funny money" generated in stock market but without any colour and not in the form of currency.

Money gone where?By: Ravi Tickoo | Sunday , 16 Nov '08 10:41:40 AM Reply | Forward I can't understand the simple mathematics. There is a gloom all over the world. Billions of dollars have been wiped out all over the world in the financial market. The big question is if these billions of dollars have been lost there is some one who has profited in this economic melt down. In a financial transaction there are always two parties, one person is the receive and another person is the giver. Shall we conclude that there are some big Mafia's in the market who are taking big chunk of this money. One of the root causes for this meltdown is primary mortgage transactions in US. If this is true it implies that people all over the world have financed for the US housing scheme. Whatever direction the economy takes in the coming years, the fact will remain there that there are certainly big mafia's who are ruling the economic scene all over the world and stealing the money of ordinary people. Unfortunately, the government control for these set ups is minimum. We need better regul