Many Indians have shifted funds from Swiss banks. But they are being persuaded by the Swiss banks to bring back the money they have pulled out. --------report. Is it a clear indication that it is the poor Indias money that is sustaining the Swiss banks? Your views?
So, does it inflate your chest? You know that this amount was slowly and steadily carried to Swiss Banks by Criminals / rogue politicians / dishonest business men of India? Would you call it India's money?
There is another angle to it. In these days of severe recession, Switzerland may want the money back and then confiscate it? Who can stop them from doing that? On the other hand, where this money has been shifted, that country will digest it without a pinch of salt! Can these dishonest Indians do anything about it?
Nazi Germany until 1943 / 44 was no joke, was considered the second most advanced economy of the world after the US and the economic size of Nazi Germany was several times higher than that of even our colonizers. And the Nazis almost exclusively invested in Switzerland.
After WW2 was over, the Swiss simply said "What Nazi gold? It's Swiss gold now!" and the rest, as u know it is history.
And on poor Indians Switzerland- we sustain a lot more than that! Just take a look at India's trade balance w/ the US after we so called "opened up". Our US trade balance...ever since 1991- It is on the negative- our outflows to US is greater than our inflows from US. The poor man of India is in essence, thus sustaining the world's largest and richest an ...more