Ask the Author & Get the Answers

7 Responses to “Ask the Author & Get the Answers”

1. 

   Manjunath says:

   December 16, 2010 at 11:32 PM

   Hi,

   Is this book available in .pdf or .epub format? I am looking for my iPad

   regards
   Manjunath G

   Author Replies….Wednesday, 29 December, 2010
   We have not yet published the eBook or PDF version as of now. However, we propose to publish eBook, PDF version, Kindle version (Amazon) and Ipad version soon. We will notify all readers on our Announcement page.
2. 

   Sarvottam Kumar says:

   May 11, 2010 at 8:31 AM

   Dear Sir,

   I want to buy this book. Could you suggest which bookstore in Mumbai I can buy it from?

   Thanks & regards,

   Sarvottam Kumar
   Mumbai, India

   Author Replies…Tuesday, 12 May, 2010
   Please contact Vijay Vora (Tel: 98-673-61771 or during day time 022-2201 0488. He can courier it locally within 24 hours.
3. 

   Paloyan,Edward says:

   May 2, 2010 at 7:01 PM

   I wrote three comments and they are awaiting “moderation” I do not understand.
   Please explain,Thank you

   Kalidas Says ….Wednesday, May 05, 2010
   I am sorry I was out of Hong Kong for over 1 month, so could not respond to your queries. I am answering all today.

   Kalidas is my nickname used in other personal blog on finance (most active one) called http://www.anilselarka.com . Please visit that website and read all articles on US economy. Please read a section called “Confused Mind Clear Answers” where the readers field any question which is invariably replied. Over 14 months, I replied over 6000 comments,

   You can find PDF files on Scribd website http://www.scribd.com. Type “Kalidas” or “Anil Selarka” and search – you will get a list of over 40 articles, including my letter to “The President Bush” written to him and received by him on 25/Aug/2008 (before financial crisis unfolded in 3rd week of September following). Had he taken the actions as suggested in my book, this crisis could not have developed into towering inferno and millions of jobs could have been saved.

   Anil Selarka (Author)
4. 

   Paloyan,Edward says:

   May 2, 2010 at 6:59 PM

   Dear Mr Selarka,
   Could you please enlighten us as to the ownership of the Federal Reserve.
   Thanks

   Author Answers Wednesday, May 05, 2010
   It is a state entity, not publicly listed. You have to go through the constitution of the FED to know the real ownership. For all practical purpose, it is owned entirely by the US administration with independence vested in FED by law. And law is meant to be broken by…wrong doers.
5. 

   Paloyan,Edward says:

   May 2, 2010 at 6:57 PM

   The Fed is owned by major banks and is not independent

   Author Answers Wednesday, May 05, 2010
   This is already replied in detail to your previous post. I avoid duplication.
6. 

   Paloyan,Edward says:

   May 2, 2010 at 6:55 PM

   Dear Mr Selarka, Congratulations on your magnificent publication!
   I wonder why you did not mention that the Fed is not independent and is owned by JPM, GS,ROTHCHILD, LAZARE FRERES TO WHOM WE PAY BILLIONS IN INTEREST yearly when the Fed purchases treasury bonds.

   Author Answers Wednesday, May 05, 2010
   A big thank you for your compliments. The banks were bailed out of the budget deficits which is required to be financed by Treasury Bills/Notes/bonds. The interest is paid on these bonds. Yes, US tax payers ultimately are subsidizing the bailing out of these rotten banks and financial institution who have been campaigning with the notion that they are “too big to fail” and if they did fail, they will take down with them the whole US economy.

   These banks are capable of printing money out of vacuum. Such money is then used for lobbying purpose. The Congressmen and Senators are finally bought over by these banks based on money created out of thin air. The sufferer – US Tax Payers and their at least next 5 generations.
7. 

   Paloyan,Edward says:

   May 2, 2010 at 6:47 PM

   Dear Mr Selarka,

   I found your “arbeit” extremely informative. You deserve a great deal of credit for your knowledge and your analyses and hope that most of your recommendations are appreciated by our legislators and the few leaders we have and implemented is short order.

   However, I wonder why in the section on the Fed you did not amplify on the fact that the Fed is NOT independent and is a private entity OWNED by the national and international BANKSto whom it slipped the two trillion dollars you discuss with no public accounting.These OWNER BANKS include JPM, Goldman Sachs, Rothchild, Lazare Freres etc.

   One of the other solutions to the USA problems is to cease the printing of Federal Reserve notes( for which we pay unnecessary interest to the Fed and the banks that own the fed when the Fed buys Treasury bonds) and print US currency under the aegis of the Treasury and stop paying billions of interest to the”Fed” each year— like the late President Jack Kennedy and his Attorney General Bobby Kennedy did in 1963. I was shown those Treasury dollars in 1963: the tax payer did not have to take the burden of additional interest.

   Thank you again for your invaluable publication. I also liked the format.

   Author Answers Wednesday, May 05, 2010
   Thanks for your appreciation. I am also glad that you liked the format of my book – many readers did and posted their comments.

   I wrote to the President Bush in August 2008 pointing out seriousness and magnitude of the problems. I urged him to take immediate actions failing which the crisis will unfold with extreme consequences. Read my letter to him that was received by White House on 25/Aug/2008 through Fedex. I did not get any reply and in 3rd week of following Septemeber, Citigroup exploded. Rest is history.

   I wrote to President Obama when he was still a Senator contesting the election. I did not get reply. I wrote to him again as “President of United States of America” offering comprehensive solution. I wrote to him with the challenge that if my solution does not work within one year , he could sign off a “Death Warrant” on me with my and my family’s full consent. I did not get even modest acknowledgement. This is how US government works.

   To your query, why did not I amplify that FED was not independent and factually a private entity owned by host of national and international banks who consumed over $ 2 trillions, I would say that when one writes a book, he goes by official description of the FED’s entity which is an “Independent entity (State)”.

   Metaphorically, yes, FED is under the control of the “biggie” banks such as Citigroup, JPM. BOA, Goldman Sachs, Rothchild, and those failed ones – Bear Stearns and Lehman Brothers. It is said in banking that “If a borrower borrows a little, the bank (or FED) controls him; but when the borrower (or banks) borrows extremely large amount, then they (those borrowers or banks) control the Bank (or FED). When the FED was obliged to bail out banks such as Citigroup with hundreds of billions of dollars, it came under the control of Citigroup. What they say ‘ throwing good money after bad” is what happened.

   Hank Paulson, then Treasury Secretary, with the help of Ben Bernanke, the FED chief, managed to guarantee the worthless of Citigroup upto $ 306 billions. These securites were having Zero value and almost default status (D rating) . When he arranged for the state guarantee,these debt securities would be elevated to the status of AAA (due to state guarantee), his firm Goldman Sachs must have bought those default status securities at few cents to realize almost $95. This could be the reason that Goldman Sachs disclosed massive surge in profits during last two quarters.

   The Treasury appear to have realized of late that the State guaranteed Citigroup bonds of $ 306 billions could now become real state liability. They appear to nurse the feeling that Goldman Sachs through Hank Paulson (Ex-CEO of Goldman Sachs prior to joining Treasury) have duped the US administration. This could be reason behind SEC investigation into potential fraud committed by the GS. They want to nail this firm, and are trying to find excuse. It is only a matter of time when Treasury or US administration to approach Congress to approve another bail out worth $306 billions. The liability which was deemed contingent, would become real one.

   If you have read the chapter on Gold, you would have known by now that most of the gold lying in Fort Knox belong to other countries mostly European nations. US is merely a warehousekeeper.

   I am thankful to you for having read my publication (otherwise you would not have commented on each chapter such as FED). I want every American citizen and Legislatures (Senators, Congreemen, Governors etc) to read my book and launch serious debate on various issues. My book is the only one in the world that offers complete solution to the financial crisis.