Tuesday, June 24, 2008

At last the official rate of inflation is stated to be around 12% after lying for years about the Indian growth story. However, this is still the wholesale rate so the Consumer Index will be closer to 20%. As usual the free loading press accepts the government lies and excuses about what caused the inflation. The Finance Minister goes around blaming OPEC for the rising oil prices and the industrial countries for causing food inflation by diverting land for biodiesel production. He does not have the courage to blame himself for the mess he and his colleagues have caused in the last four years that they have clung on to their seats. We are told by the sycophantic press what a great economist the Prime Minister is and then we are told that there is nothing anyone can do. It is only recently that oil prices have been raised in India so that could not be the cause. As for food, it was this bunch which reduced our food stocks because they had begun to believe their own lies about the great Indian growth story. The truth is that the Congress has allowed the treacherous Commies to dictate terms and have not carried out any economic reform. The much vaunted growth has been fueled by bubbles in property and share prices brought about by black money which is generated by corruption. The remedy is simple. Cut the number of ministers, hang Chinese spies, shut down the IAS school and reduce the number of kleptocrats by 75%. Talking rubbish about the aam aadmi and hanging on to gaddis with the support of traitors will nullify any effort at controlling inflation. We wait for stagflation.

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