Myth & Reality about Devaluation of US Dollar
MYTH & REALITY ABOUT DEVALUATION OF US DOLLAR
Myth & Reality about Devaluation of US Dollar
The inherent motive behind lowering value of the US dollar against the Pak Rupee.When Nawaz’s younger son Hasan launched Flagship Holdings in London in 2002-03 (it is closed down now)–it also introduced establishment of a ‘hedge fund’ with an investment of £300 million ($500 million). The Flagship thrived unprecedentedly, during the past ten years, on the strengthen of:1) Cash flow of £300 million ($500 million)–which the Sharifs had in 2003–now it may be a cash flow in excess of £3 billion ($5 billion).
2) Easy money transfer protocols through UK, India and Dubai (as the Iranians are doing under international banking sanctions). This money laundering stunt in the West is a complete eyewash–one can bring into UK millions of pounds after paying commission to the UK banks and intermediary financial handlers, who in turn will legalise everything for the fund-bringer. Which is why since 2007–more than 1,000 Pakistani politicians, bureaucrats and dodgy businessmen have purchased properties in the UK worth £5 billion (more than $8 billion), and nothing has precluded them from doing so.
3) Clockwise and anti-clockwise fund-purchasing. The Sharifs and their larcenous munshi Ishaq Dar have divided the financial year into 3-4 revolves. In one revolve (say: June to September 2013)–they increased the value of dollar as $1=Rs 111, and brought home say: $1 billion in cash–which got them Rs 111 billion. If they bring in secretly (which they easily can–having their own bank chiefs) $5 billion–pretending it as a foreign remittance per quarter (revolve), they will get Rs 555 billion. In my understanding–the Sharifs made Rs 50-100 billion ($500 to $900 million) during the first four months of their government (June to October 2013).
During the second revolve–they kept things stable @ $1=Rs 111, and recycled that money within the country for 3/4 months (October 2013 to February 2014), and bought essential commodities (rice, wheat, sugar, lentils, cooking oil, livestock and petrol/diesel). In the next two/three years–the Sharifs (applying the Jewish and Hindus sahukaar monopolistic model) have intend to hijack the commodity sector under fake names. They plan to paralyse the country by hoarding these commodities, if a military takeover occurs or a hostile political group takes over in Pakistan. They are carrying out this commodity monopolisation in partnership with international traders of Britain/EU/India/UAE/Brazil/Australia and so forth–so that the military (or non-friendly political elite) government collapses more quickly after failing to withstand international pressure.
In the third revolve (March to May/June 2014–before the Budget)–as they have hundreds of billions of rupees, say: Rs 100 billion ($900 million) from first revolve (June-September 2013). They also had more than Rs 220 billion ($2 billion), spared/left over from bulk note printing of Rs 850 billion which they did between June and July 2013. By end of February 2014, the Sharifs had more than Rs 320 billion in personal coffer. If they buy dollars for that, by dividing them with 111–they could get $2.882 billion. But by lowering the dollar value to $1= Rs 99 they will now get $3.233 billion. This means that this dollar devaluation will now get them an extra $351 million within nine months of their rule (June 2013 to March 2014). What a satanic business, isn’t it?
With an unparalleled experience of three decades in banking/business frauds–the Sharifs are in a strong position to manipulate the State Bank and other five main Pakistani banks (National, Habib, MCB, Allied and UBL). They have all major stock exchanges under control and SECP (Securities and Exchange Commission of Pakistan) is spineless.
Soon, the Sharifs will print more Pak rupee notes at the Security Printing Press, and will buy the dollars/pounds from every money exchange shop in the country.
Lets see if the dollar sustains at $1= under Rs 100, during the next three months. What I think is–they will devalue Pak rupee again to $1= Rs 111 (even beyond) after the budget.They also intend to pocket $5 billion from sale of 18 major state enterprises. By the end of 2014–they will have made $10 billion from the business of governing Pakistan through a corrupt/rotten system called Mian/Zardari democracy.
They know they can NOT win the next general election–whenever they are. Asif Zardari also knows that PPP will not come to power either, in near future. What Nawaz is doing is–hiding Zardari regime’s brazen malfeasance, and in turn the PPP is supporting the Sharifs’ obnoxious ‘democracy’.———————————————————— —————————— —————————— ————————