New Swiss Tricks to Fleece India

                               

The lion who has tasted human blood becomes more ferocious, so goes an old saying. If we examine the attitude of the developed West towards developing Afro-Asian and Latin American countries, this saying will hundred percent come true. Since 18^th century Industrial Revolution days, when they had colonized these countries, purchased their raw materials at throw away prices and sold hem back to the original producers at a high price. Did not they force Lancashire textiles on us to finish the world famed textile industry of India including the Dacca malmal clothes. They were so  cruel that they chopped off the weaving fingers of such Indian master craftsmen to create market here for their own products. The time in last two hundred years has changed but their that exploitaing mentality stands, though with some change in the methodology.

It is a global phenomenon that when the political situation in a country becomes volatile, the affluent sections divert their earnings to the banks of safer places. This has happened mostly in newly independent countries including india. The foreign money flows to these tax havens and without any efforts, their earnings continue to mount unabated. India is one of the worst sufferers as these amounts are illegal. We virtually do not know exactly about the quantum of this huge money. Under pressure from the affected countries, they have started sharing only scant information about the particulars of such thieves. The trick is to continue delaying the process.

Of late it has come to our notice that Switzerland has evolved yet another tactic to loot or resources as they know that the secrecy about bank deposits will one day get unravelled. Now they are releasing huge mass of gold, silver and coins. Through this export, they will pay back the bank account holders without alerting the native country govts. In June 2014 alone, the Swiss export of such precious metals came to Rs.26,000 crore out of which  metals worth Rs 11,000 crore came to India. It has been estimated that 42% of this export reaches Indian shores. If left alone, this fleecing Swiss tactics will badly impoverish India. Let us wake up.