QUANTITATIVE EASING by State Bank of Pakistan - Your source of Inflation - Rs 1.4 TRILLION to the Ba

[UKPakistani]

Eak kaam kero.. Read just 3 paras of my article
http://tinyurl.com/PakGoldStandard

If Pakistan defaults, announces its currency backed by Gold (say Rs15,000 for 1gm of Gold, so there is no run on the money), let inflation set in, enough to wipe out internal debt as well. Let prices to settle, balance the budget. Demand Rupee for its exports to restore value to the Rupee. I can honestly say, Rupee will recover in less than 4 years. And such drastic actions will reform the economy too! Haan, during this process, there is no room for a mistake, let alone corruption.

Read the bottom part of the article. Its not like there isnt a solution, but its the lack of people interest in getting things done.

"Hence the government would buy back its own Rs 9000 note for 1 gm of 24ct Gold. Goldshould be priced at a much higher redemption price than market to avoid mass redemption. State Bank should maintain a fixed percentage of Pakistan‟s GDP in Gold reserves. Then default on all

its existing international debt. There is nothing immoral about it. World Financial Institutions

knowingly financed Pakistan Government‟s bureaucracy, not its infrastructure. Iceland defaulted
too. Sure it was painful in the short run but they have already been upgraded by Fitch RatingAgency and the World Bank, the same institutions that promised doom and gloom if Iceland.............."

I guess you answered my question, it is possible and perhaps the only way out

Ilaso think if a Country actually follwed this path, legal confrontation

it would change the lending policy towards the really dodgy "leaders" and economies

Will it piss off our eternal wellwisher and benefactor, Uncle Sam ?

 

[AsifAmeer]

Hey man.. I am just saying what Adam Smith told me.. "Everyone follow their own interest!"

Secondly, SOVEREIGN DEBT is always ... ALWAYS unsecured! When have you ever lend a huge chunk without knowing every single detail how it will be invested and checking up on it constantly.. Why a different rule with the IMF? My biggest beef is with the BRIDGED Loans from the IMF to finance trade deficits.

Eak aur baat kahounga.. "If you lend me $1000 dollar and I cant pay back, I have a problem. But if you lend me $60.72 Billion, and I cant pay back, you Sir have a problem!"

"Hence the government would buy back its own Rs 9000 note for 1 gm of 24ct Gold. Goldshould be priced at a much higher redemption price than market to avoid mass redemption. State Bank should maintain a fixed percentage of Pakistan‟s GDP in Gold reserves. Then default on all

its existing international debt. There is nothing immoral about it. World Financial Institutions

knowingly financed Pakistan Government‟s bureaucracy, not its infrastructure. Iceland defaulted
too. Sure it was painful in the short run but they have already been upgraded by Fitch RatingAgency and the World Bank, the same institutions that promised doom and gloom if Iceland.............."

I guess you answered my question, it is possible and perhaps the only way out

Ilaso think if a Country actually follwed this path, legal confrontation

it would change the lending policy towards the really dodgy "leaders" and economies

Will it piss off our eternal wellwisher and benefactor, Uncle Sam ?

 

[AsifAmeer]

NEWS Update : May 22nd, 2012
​

SBP injects Rs 27.450 billion in reverse repo

May 22nd, 2012​

 

[AsifAmeer]

NEWSUpdate:May 25th 2012​

State Bank of Pakistan injects Rs155 billion
TOTAL = Rs 1.5864 TRILLION

 

[AsifAmeer]

13 Institutions - Rs 67.1 Billion

Jun 07, 2012 - (SBP's Repo Statement)​