Financial Wisdom – By Kalidas

Radical Solution for Credit Crisis from Kalidas

Archive for the ‘Misc.’ Category

Vultures Circling on US Auto Makers

with 14 comments


Ref: 0811-016 of 2008/11/23


Wall Street and Private Equity vultures are at it again. They are aided and abetted by Republican senators and its sponsoring media with well orchestrated campaign to cause the death of the United States’ biggest employer – General Motors, Ford and Chrysler.

The vultures are interested in causing deliberate bankruptcies so that all the equity and options owned by United Auto Workers in their respective companies be turned worthless, the pension fund liabilities avoided partly or altogether, the health and insurance benefits to retirees reduced to zero, termination benefits also reduced substantially for want of funds, and the companies so stripped off its statutory liabilities be bought over in Bankruptcy Court for a song.


The officials from FED, Treasury, Office of the President, and hosts of senators mainly from Republican Party want to rehearse the events of United Airlines, WorldCom, Bethlehem Steel and lately Lehman Brothers, all of whom were allowed to go bankrupt to the detriment of all its workers and employees


Destroy the United Auto Workers…

REASON, all these companies were partly or majority owned by the Employees or Workers, which acted as “eyesore” to the brokers on the Wall Street and predators- Private
Equity firms.


The Courts of United States also favor the predators. They also award the companies to those vultures by refusing to let the company liquidated compulsorily, but handing over to bond or debenture holders by allowing writing off the entire equity of the company, so that the employees are not left with any power without money.


The whole system sucks – from monetary (FED & Treasury) to Political (Senators and Representatives), to Executive (President) to Judiciary arm (Courts) – all are corrupted by the wily suckers on the Wall Street who use its orchestrated media – in print or television. Day in and out, you tune in to CNBC, NBC, Fox News, CNN or CBS or read Wall Street Journal, Barron’s, Business Week, Forbes who all praise such actions in the name of saving the company and enforcing cost savings.

Even today, the questions are asked – why Lehman Brothers were allowed to fail. Why not Merrill Lynch, Bear Stearns, Morgan Stanley, or even Goldman Sachs?


What is so common in rest of four and unique in Lehman Brothers? The answer is LHB was majority owned by employees. The employees or workers are treated like disposable diapers in United States, whatever is the outer façade to describe them.


It happened to United Airlines only in recent past…

Why United Airlines was allowed to fail and thrown into bankruptcy court – because it was majority owned by employees. All of their shareholdings were reduced to ZERO by the bankruptcy court and awarded the company to the debt holders who deliberately bought debts to exercise the control. The life time savings of all employees were lost in a flash like homes destroyed in Californian wild fires.


The debt holders were given the new equity at most favorable terms and reducing all past equities (majority owned by workers or employees) to Zero value. If the company was still worth, the question arises why UA was not placed by the court on auction block with open and transparent public tender or why was it not sold part by part to realize the best value? The stocks owned by employees were reduced to zero and the new stocks awarded to debt holders in exchange of debt soared to as high as $ 49 from just under few cents.


All have been accomplished in the name of free enterprise, freedom, capitalism, efficiency of the capital market, and similar nouns and adjectives. They invent new names, phrases or synonyms from Roget’s Thesaurus.


Wall Street Brokers Cheers and Jeers at the Loss of Other People’s Jobs

Whenever a company merges or taken over by a predator, announcements are made to dismiss the thousands of employees in the name of cost cutting exercise and boosting the profits. Wall Street Brokers from Goldman Sachs, Morgan Stanley, Smith Barney, Merrill Lynch, UBS and all down the line, applaud such moves and start recommending the respective stocks by shooting them up by 10% to 50% in a few days.


While the thousands of laid off employees live sleepless nights, sobbing until dawn how to meet the mortgages or tuition fees of their kids, the irresponsible brokers and investment bankers on the Wall Street go on celebrating in high profile parties hitting wine or champagne glasses with the shouts of “cheers”. They are interviewed on popular channels like CNBC or Bloomberg by Anchors with glee on their faces.


There could not have been better shameless spectacle. Read every take over in the past or mega merger, you will find the same gimmicks all the time.


Consign the Wall Street Brokers and Investment Bankers to Guantanamo Bay…

It is therefore highly a celebration event that finally the Wall Street brokers saw what they deserved most. Thousands of Wall Street brokers are now being laid off in worst ever crisis which was their own making. They now realize how it feels like losing a job – celebrating with wine glass or with full glass of tears of their loved ones.


There should be no sympathy for all these bankers, Investment bankers and brokers – they should be condemned and consigned to Guantanamo Bay Detention Camp. Osama Bin Laden may have caused pain only once – on 911. But these Wall Street brokers, banks and investment banks are the biggest financial terrorists who cause pains every day to every family in United States.


$ 218 Billions charity by Paulson to AIG to help them pay Goldman Sachs, his former company?

And look at the perfidy of Hank Paulson, Treasury Secretary and Ben Bernanke (FED Chief) who have been pouring the billions, even trillions of dollars, into bankrupt banks and brokers for the losses of their offshore arms who never contributed any taxes or employment to the local American Tax Payers.


They never asked or justified why the off shore obligations of banks have suddenly become the liability of domestic Americans who have nothing to do with independent off shore operations of those defunct companies.


And why does Paulson pays $ 89 billions +$ 129 billions to AIG? Is it because AIG could repay its dues to Goldman Sachs (wild guess is $ 20 billions to $70 billions), a firm of whom he was the President before joining Bush Administration? Yet, the President Bush is so blind and complacent that he can not see the naked truth.


Devils’ Donation to Tax Dodgers and Denial to Domestic Tax Paying Corporations.

They are giving hundreds of billions of dollars to “Asset Void Banks with no possibility of Repayment” for the obligations of their off shore operations, the tax dodgers. Same gang is refusing to pay $25 billions to 3 Auto makers – General Motors, Ford, and Chrysler who have been paying billions of dollars of taxes for over 60 years, who have created over 2 million jobs, who have solid assets, who developed thousands of townships, who became the backbone of the American Industrial expansion.


United Auto Workers may come out in full force to demand full justice and ensure that all the excesses of the past defeating the cause of labor are put to rest. It is now or never for them.


NO, this stubborn Paulson and Bernanke say. And the Republican Senators join them – Do not give them $ 25 billions – they are inefficient. As if AIG, Citigroup, JP Morgan Chase, Bank of America who are recipient of over $300 billions were efficient.


If these 3 auto makers fail, and 3 million affected Americans are laid off, it will cost $12 Billions per month towards “unemployment allowances” that is over $144 Billions annually, if we consider the recent extension granted by the President Bush. Simple arithmetic – lose $ 25 billions now with full guarantee of repayment or lose $144 billion in a year without any possibility of repayment towards the unemployment allowance alone, loss of tax income if they were gainfully employed is not even counted.

What would you do, if you were the President of United States? 


The country is on steep decline. There could be unrest, strong protests, riots, loots, murders, real blood bath on the main streets of United States, if no actions were taken to blunt the attack of the Wall Streeters on the Main Street participants. Can you imagine what happens when 52000 employees of Citi Group and over 2 million direct or indirect employees of 3 Auto makers are suddenly thrown out on the street in just under 7 days? Blue collar workers are normally less tolerant of job losses than white collar employees.


It just defies my common sense – how come these VIPs in the White House are pouring hundreds of billions of dollars into bankrupt off shore operations in the form of 100% unsecured advance while denying relatively small but fully secured $25 billions to America’s biggest industry at home – Auto Makers?


The present administration has gone absolutely mad, just mad.


Kalidas, Hong Kong

Ref: 0811-016 Vultures preying on US Auto Makers


Written by anilselarka

November 24, 2008 at 1:33 am

Helping Indian Industrialists, Mr. Prime Minister

with 20 comments


Ref: 0811-015

It is well known that India’s best breed of industrialists Tata (of TISCO and Tata Motors) and Birla (Hindalco) for over 5 decades are in serious trouble while taking up expansion overseas. Yes, they made serious errors and in normal course, they may not have deserved the help for their follies.



















However, the circumstances are entirely different now. We are in middle of severest form of credit crisis. Although Tata and Birla are well known in India, they are not as much known overseas. Since almost all western banks are in trouble, they are unable to raise necessary finance their overseas acquisition – Corus (for Tata Steel), Jaguar (for Tata Motors) and Novelis (for Hindalco). They are now at the mercy of the foreign vultures.

Should India and Indians abandon these worthy Industrialists who created millions of jobs, made India independent in basic industries without foreign help, donated thousands of crores in charities in building temples (Birla Temple in Shahad, Kalyan (Maharashtra)  is one of them), educational institutions like BIT (Birla Institute of Technology), Tata Institute of Social Science (TISC at Chembur, Mumbai) Tata Institute of Fundamental Research (TIFR), hospitals, schools, nurseries, Tata Consultancy Service (TCS) and what not for the benefit of Indian society regardless of cast, creed or color, and also paid thousands of crores of Income Tax, Excise duty, Sales Taxes, Professional taxes to the national and state exchequer for over 60 years?


0811-015-man-mohan-singhIt is now pay back time, Mr. Prime Minister and Finance Minster. India and Indians are not those ungrateful bastards. Those who helped this nation deserve all type of help when they are in distress.


It is causing sleepless nights to both Ratan Tata (in his early seventy) and Kumar Mangalam Birla (who is relatively younger). They deserve better retirement days. We have to make their lives better towards the fag end of their life in recognition of their contribution to the massive development of India and Indians as whole. These two industrialists never bothered about India’s deep divide religious fabrics while creating industries for themselves and millions of Indian back home. Without them, India would not have been 60% of what it is today.


Ratan Tata is going pillar to post for lousy $12 billions whereas Mr. Birla for paltry $5 to 6 billions to finance their overseas acquisitions. When the world is denying them these paltry sum, for its own reasons of bankruptcy, why not India with over $300 billions of Forex reserve which is earning lousy 1 or 2% interest and invested in bankrupt country like USA, help our own businessmen whose acumen is beyond doubt.




Charity begins at home. India as nation must help these two outstanding businessmen. They may not long for Bharat Ratna, Padma Vibhushan, Padma Bhushan or similar khitabs. They need material help at the time of their acute distress. If Indian Forex Reserve does not come to the help of India’s best industrialists, what is the use? Should we allow our Forex reserve for the use of Americans who has been simply wasting all resources and using them to create toxic waste.


Indian FOREX Reserve belongs to the Indians and must be used for Indians first and others later.


And I do not suggest that you give them free money. Give them the amount required as under after due scrutiny.



  1. Assess their requirements and be wetted by top financial institution.
  2. Work out how much amount they need
  3. Give them @ 5% in foreign currency non subordinated Convertible Bonds secured by the floating pari pasu charge on their respective enterprise.
    1. Such bonds may carry conversion rights at last 6 months average prices of their respective shares, exercisable only after 5 years.
    2. It may have buy back clause at 8% premium per year for the life of 15 years. This will help these guys to buy back the bonds when they are comfortable without diluting their equity stakes when the things improve.
    3. If the Government wishes, it may sell these bonds in the market with huge profit (because current stock prices are very low), after giving respective companies to buy back the bonds.
  4. When the things improve, they can raise the capital from the market to buy back these bonds.
  5. Give them loans repayable in 15 years due to depression prevailing all over the world.
  6. Ask them to pay special tax @ 3% after initial 5 years so as to relieve the interest burden during early phase of management. National exchequer may also be benefited for help rendered.
  7. Ask them to give India at least 5 hospitals and 5 Technical Institutes with full management rights vested with the respective group companies on purely voluntary basis. (we can trust them)
  8. Ask them to adopt at least 5 villages to make them into model town in next 15 years on voluntary basis. (again, we can trust them)
  9. Indian tax payers are not affected with this help. Their advance is fully secured and given to the industrialists they trust most.


This is the only way of really honouring our beloved industrialists. It is not going to set the precedents, if you are worrying about them. Even if it is setting precedent, it is a good one. It is one of the principles enshrined in the Constitution of India under Directive Principles of State Policy from Article 36 to 51. One of the article is quoted below:


Directive Principles of State Policy as enshrined in Constitution of India


State to secure a social order for the promotion of welfare of the people.—’[(l)j The State shall strive to promote the welfare of the people by securing and protecting as effectively as it may a social order in which justice, social, economic and political, shall inform all the institutions of the national life.


The State shall, in particular, strive to minimize the inequalities in income, and endeavour to eliminate inequalities in status, facilities and opportunities, not only amongst individuals but also amongst groups of people residing in different areas or engaged in different vocations.]


Certain principles of policy to be followed by the State.—The State shall, in particular, direct its policy towards securing—

(a) That the citizens, men and women equally, have the right to an adequate means of livelihood;

(b) That the ownership and control of the material resources of the community are so distributed as best to subserve the common good:


By following above policy, the state will be preserving the jobs of the millions of workers in India


Mr. Prime Minister and Mr. Finance Minister, the time is critical. Do not even flinch while extending help. If you do not, their enterprises could slip into foreign hands, could cause huge job losses back home that may have devastating social consequences. The material resources of this country are in danger of losing to foreign hands, if our own people are not helped.


This is the appeal not only from this Kalidas (Anil Selarka) but also millions of investors in India. Read the following sample poll from learned investors from India and let them help you in forming your final decision. God Bless India.


Kalidas, Hong Kong


Ref: 0811-015- Helping Indian Industrialists

Ignored Letter to the President Bush Causes $15 Trillion Blow Out

with 9 comments

The letter was received by White House through FEDEX on 25-August-2008. It was neither acted upon nor acknowledged. When the matter of utmost national importance and urgency was received at the White House, they chose to ignore. It shows how bureaucratic and unimaginative the White House officials are. When the nation was sinking, even a small life line was worth taking a chance. But Nay, George W Bush was destined to go down as the worst ever President of the United States in its history, a man who completely ruined and destroyed every fabric of America

Ref: 08-012 of 31-Oct-2008
That’s right. I had the perfect solution to the present problems facing the United States and the world. I sent a letter to the President of the United States of America, Mr. George W Bush, suggesting my complete plan to resolve the problem of not only Sub Prime crisis but also to offer the complete blue print in no uncertain terms to solve the most of the problems that you are hearing day in and out on CNBC, BBC, NBC, ABC , CBS and host of finance specific newspapers around the country and the world.


I also wrote that it was time for action for the President Bush, that his last 60 days of Presidency were the most important part of his career, and that he could change the face of America in just under 60 days. It was not the time for relaxation but action. I warned that if he did not take the swift action, the worse days would follow.

I also sent a copy of this letter to the Consul General of United States in Hong Kong for his information so that in case, some bureaucrat ignored the letter, he could have filled in the gap to alert the appropriate authorities. I also gave my full identity.

And the result was disastrous. Within 16 days, the worst things started happening in United States in quick succession. Trillions of dollars were lost in worst ever shake up on Wall Street and Nasdaq, $700 billions package was designed by Paulson and Bernanke who do not know even today, what are the real problems facing the United States, and they go on printing and guaranteeing the bad debts running into trillions of dollars.


Here is the full text of my letter (Last two pages of my profile and cover page of my new book are omitted here).


Tell me, If you were the President of United States of America, if you were facing the enormous problems, and you got a letter that claimed to redress all vital problems facing the country, what would you have done? Read the letter and acted, at least deliberated, or just ignored and dumped into the dustbin? Vote for it at the end of this article:


All Paulson and Bernanke’s Bail Out plan of US$ 700 billions were really not necessary. This plan is not working nor will work in future. It will simply give rise to massive rise in inflation that may see the interest rates climbing to 24% to 30% in less than 18 months.


Both Paulson and Bernanke are hell bent upon printing the dollars as way out for current massive problem. They do not know the problem at all – where is the question of looking forward to them for solution. Why Should American Tax payers bear the cost of over US$ 1.5 trillions spent so far and hand over the blank checkbook to these two guys who have run out of common sense and wielding monetary weapons in complete darkness?


A copy of My Letter dated 18-Aug-2008 (Received by White House on 25 Aug 2008) is reproduced below with a copy of my letter to addressed to Consul General of United States in Hong Kong.

Mr. George W Bush,

The President of the United States of America,
The White House , 1600 Pennsylvania Avenue NW
Washington, DC 20500 USA

Dear Mr. President,
  Sub Prime Resolved

The Bible for Recovery of the United States of America

I have solution for not only the sub-prime crisis, but also the most comprehensive economic and political solution for other troubles like falling dollar, rising crude and commodity prices, gold and geo-political crisis in the Middle East. So far as I know from the public knowledge, I am at this point of time, the only person in the world to have complete and speediest solution for the current range of crisis engulfing the United States.


First thing first. Who am I? Kalidas is a nickname – my real name is mentioned in the enclosed profile. Briefly, I am a Hindu by religion, borne in Mumbai (India), grew up for 36 years there, currently a Permanent Resident of Hong Kong for over 24 years, a full British Citizen (my sole nationality), and a friend of the United States of America. I have 40 years of combined experience in banking, as stock broker, bond trader, in capital markets, business and finance. I have clean record in all countries of my residence.

Sub Prime Resolved

Sub Prime Resolved

You stand excellent chance to make your last 90 days of Presidency the most memorable event of your political career. What could not be achieved in the past 2700 days of Presidency, would be achieved in just 90 days. Your approval rating could rise to over 90 by the time you would give up your Presidency.

The chances for success will be between 70% to 95% if you implement the suggestions with full conviction. Within next 90 days, before November 4, 2008, the United States will be up and running on all cylinders if you appreciate the solution and take the line of actions suggested.

Kindly do not write off the remaining 90 days as a social exercise bidding farewell to old buddies or resign to the fate of helplessness that nothing else can be done anymore. Unlike Katrina, this is a man made crisis and can be resolved by human efforts alone. Your time for action starts now.

Ask any member of your cabinet or even great investors. They are all searching for the two ends in highly complex intertwined ball of ropes. No one will come close within 1000 yards to the solution that I have outlined after almost 6 months of day and night efforts.


Let me tell you briefly how my entire work is organized in almost 260 pages.

Modular design…
My work consists of 18 chapters on each subject of current economic or political troubles. It is in modular design. Each chapter is independent of the other in most cases, except where some correlation exists. Each chapter contains the problem identification, its origin, extent, size and seriousness of the problem, and most importantly, the Solution that is eluding the most. The solution is accompanied separately by Action Plan, Time Line and extent of qualitative and quantitative benefits that can be derived in prescribed time frame. Nothing is left to chance. Everything is target specific. Nothing vague. The report is written in very simple language without any technical cliché – even a person of ordinary intellect can understand it very clearly.


Assign each Chapter/Task to concerned Cabinet member or Department for target specific actions within definite time frame. All departments are given specific leads how to proceed so that details could be worked out by them in shortest possible time.



Chapter Contents

No. of Pages

For Notes and Comments


Sub  Prime  Crisis

·         Need  of  the  hour…  to  diffuse  the  financial  bomb

·         Identification,  Origin  and  the  size  of  the  problem

·         Crux  of  the  problems  to  fix    Foreclosure  and  Collapse  of  Derivatives

·         Suggested  Measures  to  stop  the  creation  of  further  bad  sub-prim e  loans

·         Legality  of  the  foreclosures,  and  how  the  borrowers  exploit  the  lenders.

·         Solution  for  Credit  Crisis  hurting  large  banks  and  brokers…Action  Plan




Reversing  Dollar  Flow

  • Full  range  of  target  specific  measures  to  reverse  the  dollar  flow      
  • There  are  two  m ore  chapters  one  has  to  read  with    Chapter  5,10,  14




Growth  &  Consumer Spending

·         Obsolete    theory  of  consumer  spending  leading  to  growth  in  GDP    

·         Spoilt  consumers  and  excessive  protectionism         

·         Consumers’  exploitation  by  Banks       




Using  Business   Immigration




US Dollar, Euro and Eurodollar

·         Understanding  complex  inter-relationship

·         How US financial system is attacked by a group of nations without even US knowing it

·         Relationship  with  Oil  prices,  how  to  cause  crash  in  oil  prices?

·         How  to  address  trillion  dollar  industry  with  ease  and  effect

·         One more  Parallel  economy and  how  to make the billions  out of it?




FED is not GOD

·         Excessive  reliance  on  FED  for  growth

·         Where the FED fails..?  Role of FED vs.  Treasury

·         FED Chairmanship vs.  American  Presidency

·         How FED creates unemployment?

·         Monetary Policy vs.  Fiscal  Policy

·         $  Carry  trades  in  low  interest  environment




Inflation  &  Growth    Misdirected  policies

·         Inflation, Stagflation, Growth and Expectation

·         Demand, Wage and never  recognized  Derivative induced  inflation

·         Correcting  the  policies




Non-inflationary  growth

·         Absurd  concept and misdirected policies as result

·         Creative  containment  of  inflationary  numbers




Long  Term  Interest  Rate  Policy

·         Ad  hoc  short  term  policy  on  Interest  rates  do  not  work

·         How to make LT Interest Rate policy dynamic?

·         How  to  contain  $  carry  trades  and  derivatives  with  LT  Interest  Policy




Humpty  Dumpty  Dollar  Down

·         How dollar drowns?

·         Dow vs. Dollar    before  10  years  and  now

·         Political  reasons  for  dumping  dollar

·         Political  actions  to  reverse  the  dollar  flow




Off shore to On shore




Introducing  Dynamic  Taxation

·         Americans’  flight  from  on  shore  to  off  shore.

·         Parabola  Structure  of  Taxation.

·         Current  Taxation  and  Rate  Structure    big  negative .

·         How  to  reward  efficiency  in  taxation  to  make  it  more  rewarding

·         How  to  increase  Corporate  tax  revenue  by  reducing  taxes

·         Dynamic  Taxation  policy  with  automatic  adjustment

·         Revising  Individuals  and  Corporate  tax  structure  with  full  tables (32 pages)

·         How US to benefit using Convertible Bonds of troubled borrowers?

·         How to reduce the tax rate and earn the billions more

·         Pro-Active  Taxation  policy


Plus 32 pages of Taxation schedule for Corporate and Individuals


Reviving  Auto  Industry

·         Funding  Auto industry to retain and increase jobs

·         Funding  Auto sector  via innovative  financing

·         Making  billions of Tax payers’ money  by helping Auto sector

·         Similar policy for Airlines as well




Oil Price

·         Who rockets the oil prices and how?

·         How to contain oil prices?  Relationship  between  ICE  and  NYMEX

·         Relationship  between  Oil  Prices  and  Dollar  at  various  centers

·         Comprehensive  plan  to  manage  and  control  oil  prices




Where is McKenna’s Gold?

·         Does US have 8134 tons of Gold as claimed?

·         Where the Gold has disappeared? Physical holding does not mean ownership. It is only a custodial holding.

·         Strong  dollar  policy and Gold – Dollar’s downfall

·         How to rebuild real gold reserve on dynamic basis to lend  strength to $




Dealing  with  Islam

·         Understanding  Islam

·         Peace  with  four  “I”    Islam, Iraq, Iran and Israel

·         Difference between Nationalist and Terrorist

·         Complete re-thinking of policy and bringing Islam within the realm of modern era

·         Policy of engagement vs. Confrontation

·         Dealing with Palestine, Lebanon and Israel – possible Action Plan.

·         Retreating from Iraq and engaging in its development.

·         Dealing with Iran and Islam

·         Dealing with Afghanistan and Osama  Bin  Laden

·         How Islamist will surrender terrorism?

·         Ending a war on terror and starting war for peace




US  Should  ….itself 

(Using defense technology for peaceful purpose)

·         Facing natural disasters like flooding, tornado, wild fires using defense technology

·         Converting  killing  machines into most modern weapons for  peaceful use

·         Converting passive military technology into $300 Billions a year export industry using US Army Corp

·         Better read this article in full rather than discussing it here







As you can see, the entire plan is very comprehensive. Full facts, figures, data are given in simple yet effective manner. It offers solution and tells the administration what to do rather than what others criticize what should not have been done. It is more directional. Written in the first person style, it is more interactive and evocative. No more beating around the bush – straight talk.


If you have interest, please contact me by email. I may not be available in Hong Kong for a few days due to family wedding which will be over by 26August, 2008.. I will provide you full contact details once I see firm interest in the above proposal. I will be in USA for a few days.


All the proposed actions can be taken within 45 days, allowing sufficient time for deliberation and discussion. It will be understood by all within minutes.


Terms of Engagement
I will disclose my terms of engagement, once I see the interest. If no proposal is received, I will publish my work in the form of a book after a few months. However, in that case, the US will lose first strike advantage, and some erring nations will go scot free. The trillions of dollars inflow and income will be lost. US will never be able to recover from present economic mess in which it is. The worst days will come if no actions are taken now to address the challenge.


My fees will be mostly performance based, except certain minimum. It will be based on simple formula.


Since this is an unsolicited offer, I do not expect any reply in case there is no interest. However, those who are handling this letter are requested to at least inform the President of the contents.


Hong Kong,
18 August, 2008


Kalidas thanks for your support

with 10 comments

Dear Readers,

I was overwhelmed by the strong response and support shown by the readers on my first blog. I have seen several comments for which I could not reply individually. There were some comments where the readers have posed some questions. Unfortunately, I could not figure out the “reply” button or other system with which I could reply right below the concerned reader’s posers. 

Kindly do not presume that I do not want to reply – I do – but I am still in learning mode with big “L” on my back. I will soon find a way to respond.

Thank you very much again, and God Bless You with successful investments.

Kalidas, Hong Kong
September 28, 2008

Written by anilselarka

September 28, 2008 at 10:26 am

Posted in Misc.