Where do Indians keep their money?
What do banks do with the money?
they lend to builders (about Rs. 500,000 crores)
What do builders do with the money? do they use it for construction?
OMG no. They use it for buying more land. For construction Hdfc gives loans to the buyer who pays in instalments.
So this money goes towards speculation?
Hsssssssshhhhhhhh. Hdfc is a very profitable company.
So what should we do?
We should remove our money from the banks and put it into equities, debt funds, etc. and get BETTER returns.
Then what will happen?
Banks will not have money.
So what will the banks do?
They will push the builders to pay back their loans.
Will this happen immediately?
Hell no, but the pressure will tell…
So what more will the bankers do?
They will do what the Chinese bankers are doing now.
What are the Chinese bankers doing now?
Oh you did not know? They are wooing customers with phones, cars (Merc) , vegetables,….u name it…
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