“I Don’t Want My Daughter to get Married as in-laws will Harass her” – A father’s statement

 17^th May 2022

“I Don’t Want My Daughter to get Married as in-laws will Harass her” – A father’s statement

Dear Fellow Travellers,

Namaste! Reality is more complex than imagined. Normally, fathers are more attached to daughters and mothers are more attached to sons. But I came across a case in which the father was so obsessive about his daughter that he was not ready that his daughter should get married. He gave a lot of reasons – like possible physical and mental harassment and changing her lifestyle and things like that. Why I am talking about this in the morning?

RBI official said Cryptos are against India’s Sovereign Interest

They said –

1.   Cryptos will lead to the dollarization of a part of the economy which would be against India’s interest.

2.   These pose challenges to the stability of the financial system.

3.   It will seriously undermine RBI’s effectiveness in Monetary policy.

4.   Cryptos can replace the part of the currency system.

5.   Almost all the cryptos are denominated in Dollars and issued by foreign private entities.

6.   Threat of Money Laundering and terror funding.

When I was reading the above reasons – I remembered the FATHER who was not allowing his daughter’s marriage to take place.

Who is the most affected at this moment?

The USA has the highest penetration of Cryptos at this moment in terms of Value and Volume and their money is converted into Crypto. It means the USA is facing De-Dollarization. Have they stopped cryptos? Has the FED chief given the above kind of reasons?

Financial Stability?

What happened when Trillions of rupees of the bad loan were written back and the companies are sold at 1/10^th of the loan amount? The funny thing - that amount was also financed with the NEW BANK LOAN by the new buyer!!

Today banks are showing good results but they have already written down trillions in losses. Don’t you think RBI should have some mechanism to punish the loan approver and loan taker?

The government has come out with a funny system in which BANKS and depositors are losing money and top guys who created tons of bad debts are moving in private jets.

I think corporate bankruptcy and cheating are more worrisome issues for the financial stability of the Banking system as a whole. Recent news was there about Front running by Fund Manager in some fund. Bank and Mutual Funds pose a major threat to the small investors, if not managed properly.

Many times, the loans are given to the groups or companies whose sales are lesser than the loan amount. I think RBI should worry about these loans as they pose a major threat to the financial system. Say a company has a loan of Rs.2-3 trillion and for some reason, it is not able to pay or can’t pay – what will happen to the depositor's money? What is RBI’s plan B to save the banking system?

Money Laundering and Terror funding: -

I want to ask - When Cryptos were not there – was money laundering not happening? We have seen tons of terror attacks from 1992 till now. There were no Cryptos at that time. How did they manage at that time? So, both these reasons are not also logical.

What is the ACTUAL REASON?

If the Cryptos are freely allowed – all normal investors will also pay a small amount for them. To that extent, his money will go to Cryptos and not be kept in the BANK FD. It means banks will have fewer deposits. It also means the top guys will have to pay more interest to take the loan from the lesser funds. As per one estimate, there are 15-20 million crypto investors at this moment. In the coming time, they will be more if they allow them freely now.

The top guys are capable to find out ways to invest or transfer money abroad in more than one way and their amount is big and they can take the services of a legal expert to guide them. Without cryptos – they did PANAMA PAPERS and SWISS Bank deposits. So, money laundering and terror funding are not the real issues for big guys who want to do some cheating with the country.

What is my observation of India’s Strength in the current time?

Modi Ji is really doing great work to make India a place to invest. In fact, when the WAR is going on and India is able to buy cheap Russian oil in Rupee / Rubble trade in spite of the USA’s opposition speaks about Modi Ji’s power.

In this case – it’s a pure loss of DOLLAR and DOLLAR DENOMINATED TRADE. This is a loss for the USA. All USA could do is ask FIIs to sell one side in India. Nothing more and nothing less.

The strength has come from our leadership and not from the monetary policy.

In the stock market lot of DABBA trade is happening due to tons of taxes and brokerage. If you are paying .25% brokerage. Various TAXES total will also be .25%. It means the small investor has to pay 1% in buying and selling. If he makes a profit – he will be required to pay the gain tax at 15% or 10%.

Now, if they BAN CRYPTOS – the underworld will find out the ways to start Crypto DABBA. The market is full of people who are eager to exploit the legal loopholes. They will surely find out the way to circumvent the LAW and do their trading.

What was MY ASTRO CALL?

I have categorically predicted in January 2020 that CRYPTO or Digital money is the future of the world. Nobody will be able to stop this juggernaut for sure.

So, develop an investor-friendly system so they don’t have to go outside.

What happened to the FATHER and Daughter?

I met the father and did little more inquiry. I found that he was retired. He had two sons who were studying and an elder daughter whose marriage proposals were coming. Now, this daughter was earning good money and supporting the family expenses and education expenses of the brothers. If the daughter gets married – they will lose their earning member.

When I found the real reason – I gave an idea why not make a deal with the groom side that till your son starts a job – 50% salary of the daughter will be given to you. He said – how can I live on my daughter’s money? I said – as such you are living 100% on her money. Now, you will be living on just 50%.

He agreed somehow but he said how to put this to the groom’s side? I said I am willing to do it. Today the daughter is married for 6 months and both the families are blessing me.

What NEXT?

It is said, “You can’t step in the same river twice”. I don’t agree. This is 100% wrong. If you use common sense – you will realize that “you can’t step in the same river even once”. Why? Water keeps on flowing so you are not in the same river even once.

Like River, Life and the Market are forces that keep on moving. There is no way to go back or undo it. All you can do is accept a NEW NORMAL with the foresight of the future. 

If you want to exploit the opportunities in the New World – you can approach us for holistic guidance.

Wish you all a happy investment.

Follow me on Twitter @hiteshmparikh / WhatsApp - +91-9869425399.

Learn a Lesson. Live with Passion & Invest with Reason.

Hitesh Parikh.