Why iNetGlobal in India? Bombay Dreams!
Enjoy Life - Realize Your Dreams
By Bill Bonner
Mumbai, India
We have come to Bombay to get a good look at India - at least the part of it you can see from a 10th floor room at the Taj Mahal Hotel. Which isn’t much. The air is too dense. Still, we can make out the figures of whole families eating and sleeping on the pavement near the dock.
We have never seen families sleeping on the pavement on Regent Street…nor on 5th Avenue. New York and London are great success stories. Turning the pages here, on the other hand, we read a failure story. It is the story of a people who haven’t got much. The world turned against them, relatively, at the beginning of the Industrial Revolution. But if the world turns long enough, it comes back to where it began. To make a long story short, we’re betting on rotation.
The secret of material success is simple enough. In the beginning there is nothing. In the end, there is much. In between is all the dust and noise of a real economy. Everything and everyone moves - the dirt and raw materials…the bussers and schleppers who carry them, heat them up and hammer them into finished products…the merchants who sell them…and the consumers who use them. The money moves too.
But over time…and space…it must all balance out. For every item produced there must be a consumer. For every surplus, there must be a deficit somewhere else. And for every boom there must be a bust.
Taking a train from Washington DC to New York City, you can look out your window and see the equation fastened to a rusty bridge, over a rusty river in a city of rust. It says “Trenton Makes, the World Takes.” It is a sign that might have been hung on any one of hundreds of bridges in hundreds of different factory towns throughout America and Britain. As a bit of civic promotion, the sign is not completely fraudulent; it is only incomplete. It should have been turned around…probably in the 1970s. That was when Trenton became a taker.
For more than half a century, Trenton pumped out exports…then, it spent almost another half a century getting swamped by them. First, it enjoyed a capital investment boom…and then a capital investment bust, followed by a consumer spending boom…and then a consumer spending bust. Now the rest of the world awaits neither its output nor its orders. It is neither maker nor taker, but a dead-end slum.
Where will Trenton’s next boom come from…or when? No one knows. In the meantime, it must pay for what it already got. America’s post-WWII consumer boom came to an end in 2007. For the first time since 1946, consumer credit is falling. Americans are paying down debt.
Which leaves us looking out our hotel window, wondering…
The best form of government, said Voltaire, is democracy tempered by an occasional assassination. India’s government must be as hard as steel by now. In 1984, the Prime Minister, Indira Gandhi, was assassinated by her Sikh bodyguards. Then, in 1991, her son Rajiv Gandhi was also killed, this time by Tamil Tigers. If we were named Gandhi, we’d go into a less dangerous line of work, like being a test pilot. But Sonia Gandhi, widow of Rajiv and the daughter of an unreconstructed Italian fascist, must like excitement. She was elected president in 1998. Her son is also a politician.
Western investors needed courage to put their money in India. Six out of nine governments since 1980 have been coalitions, several including communists. In 1999, Pakistan invaded the country. In 2007 Maoist rebels attacked police and killed 50 of them. Last year, terrorists set fire to our hotel.
When activists, foreign and domestic, failed to destroy India, nature took a whack at it. A cyclone in 1999 killed 10,000 people. An earthquake in 2001 carried off 30,000. A Tsunami struck in 2004. The next year, monsoons flooded much of the country.
Indian stocks paid off anyway. US stock prices went nowhere over the last 10 years; Bombay stock prices more than tripled. Over the 30 years, from the opening of the stock market to the end of 2009, the investor had a return of 17,000%.
All over the developed world, governments are getting a death grip on their economies, taking control of vital industries and increasing the state’s share of GDP. One of India’s advantages is that its feds have been choking the economy for years; now it is becoming a model of negligence. As a percentage of GDP, India offered only perfunctory stimulus to fight the downturn of 2007-2009.
Now, China overheats. America cools down. And India grows at 7% per year without breaking a sweat.
Wage growth is flat or negative in Trenton; in India hourly earnings double every 10 years. India depends less on exports than any other major developing nation except Brazil. And only the Philippines and Indonesia have less credit as a percentage of GDP.
While much of the rest of the world did it…and then over-did it…India hasn’t done it yet. There are more autos in the US than there are licensed drivers, and two chickens in every pot; India barely has one vehicle per 100 people and barely any pot at all. This is a country where the getting has just begun.
Bill Bonner
for The Daily Reckoning
INSTEAD, IN AMERICA, WE PUT UP WITH THIS:
USA Government Holds Members’ Money and iNetGlobal’s hard-earned money! Why?
Seize the Money — Ask Questions Later!
iNetGlobal $25 Million Money Frozen, $11 Million Member Liabilities
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Definition of Ponzi Scheme:
A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned. The Ponzi scheme usually entices new investors by offering returns other investments cannot guarantee, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the returns that a Ponzi scheme advertises and pays requires an ever-increasing flow of money from investors to keep the scheme going.
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iNetGlobal recently paid around $2.5 Million Federal and State Income Tax. Google pays billions. Is Google a Ponzi Scheme?? Is Yahoo a scam? Is AOL guilty of not having real products? Fact is, internet marketing and internet media is very profitable, and all of these companies share a common reason for their success — they provide products that are valuable to internet advertisers and a low-cost way for their members and users (buyers and sellers) to find each other. iNetGlobal is a Minneapolis-based company that has a unique set of legitimate internet marketing and advertising products. iNetGlobal has been a fast-growing company that has learned how to develop these valuable virtual products, and the members and users are only guilty of one thing: TOO SUCCESSFUL. The DIRTY LITTLE SECRECT IS, I believe, – THOSE KEY WORDS – ”too successful”. The current economic environment in the USA has become wrought with Government suppression of free enterprise business – NATIONALIZATION OF LARGE ENTERPRISES AND FREEZING ASSETS OF SMALL TO MEDIUM-SIZED ENTERPRISES. To again quote iNetGlobal’s attorney: “IT IS SAD!” The USA Government has become anti-business.
www.cheapclix.net is an example of the power of the iNetGlobal internet advertising products and tools. Its Alexa rankings for the past three months have increased 510%. Another of my personal blog success stories: www.mlm-im.com (up 330% on Alexa). Fellow iNetGlobal member in India, www.evergreenstones.com, up 250%. Another of my business blogs, www.homesquadcities.net up an astounding 2400% — a stunning example of local target niche advertising and internet marketing. The corporate site, www.inetglobal.com has had a three-month increase of 173% Alexa ranking. Proof of the impact of the powerful iNetGlobal marketing tools — DO A GOOGLE SEARCH – “inetglobal raid”.
FIVE OF THE FIRST TEN GOOGLE RESULTS ARE POSTS ON CHEAPCLIX, OR ARE LINKS FROM OTHER SITES TO CHEAPCLIX!
INETGLOBAL PRODUCTS - TESTIMONY TO AWESOME RESULTS!
iNetGlobal NEVER HELD ITSELF OUT TO BE AN INVESTMENT!
iNetGlobal Sells Legitimate Powerful Virtual Products!
iNetGlobal, much like Google, Yahoo, AOL, Herbalife, Amway — Legal and product-oriented companies — testimonials to American ingenuity — that reach customers all over the world via MLM and/or IM (www.mlm-im.com) – YET INETGLOBAL GETS RAIDED?? Herbalife was raided, too, — early in its history. Their revenues dropped from around $9 Million per month to less than $100,000 per month. Herbalife survived that UNFAIR RAID, and today, Herbalife is successful all around the globe.
iNetGlobal provides provides effective products to their members and customers. As members, we teach, we learn, and we earn while we learn. IS THAT NOT THE AMERICAN WAY? IN FACT, IS THAT NOT THE WAY OF THE ENTIRE FREE WORLD?? INETGLOBAL IS NOT A PONZI SCHEME, IT IS NOT A SCAM, IT IS NOT A FRAUD, AND IT IS CHANGING LIVES ALL OVER THE WORLD – CHANGING LIVES FOR THE BETTER! IS THAT NOT WHAT THE USA GOVERNMENT WANTS?? NOW THAT IS A REALLY GOOD QUESTION!!
NOW, JIM WALSH, REPORTER FOR THE MINNEAPOLIS STAR/TRIBUNE, YOU HAVE A SNIPPET OF THE OTHER SIDE OF THE INETGLOBAL STORY. LET’S HEAR IT. LET’S SEE IT IN YOUR NEWSPAPER ARTICLES. LET’S SEE AND HEAR IT ON THE TWIN CITIES TV NEWS MEDIA. LET’S READ ABOUT IT ON THE STAR/TRIBUNE BLOG. YOUR READERS WOULD NEVER HAVE FOUND THIS BLOG POST ON WWW.CHEAPCLIX.NET IF NOT FOR THE POWER OF THE INETGLOBAL INTERNET ADVERTISING AND MARKETING PRODUCTS AND TOOLS.
HERE IS A LINK TO A REAL EXAMPLE OF FREE ENTERPRISES: http://dailyreckoning.com/bombay-dreams-2/ iNetGlobal is making a presence in India, especially Mumbai (Bombay), as well as Chandigarh, Pune, Jaipur, Nasik, Chalis Gaon, Goa, Baroda, Bangalore – you name it, iNetGlobal is loved in India. Soon to be launched in Bangkok, Thailand. We are going to the “free world” with iNetGlobal.
Any wonder why??
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