British Colonial Rule Indian Economy Talk Snippets

Various Economic And Political Methods Used By British To Loot Indian Wealth | Arvind Kumar | Drain Theory | Keynesian Theory

Now the Drain Theory we know that was first by the Dadabhai Naoroji where India was treated as a source of raw material and all the wealth was drained out of India. They would come back and sell the finished product. India also was a source of slaves and Elihu Yale, after whom Yale University is named, actually kidnapped slave. It was called slavery then later. They termed it indentured labor, but even then they kidnap people and took them. So India was also a source of slavery these policies continue to this day. The only differences we see that people voluntarily go and work for the West now, the conditions have been created where, we people think that they are doing something great by going to the west. But if you did not go to the West, they would kidnap you and take you there and force you to work and we know this from history.

The next theories, that’s actually a theory of looting India is the Keynesian theory. According to this theory there are economic cycles, there are ups and downs and during the down period the government would actually do tax and spend and make up for the economy and therefore everything would be fine and dandy and this is the theory.

This is of course not true. Usually what happens when they do as it becomes worse, but then the 1930s of United Kingdom, that is given as the example when this work very well. But the reality, that the Keynesian Economist never talked about, is that the British controlled not only they, British the United Kingdom, they also controlled India. So when they calculate the GDP, they don’t calculate a combined GDP for the entire system. They were just trying transferring wealth from India to UK and then they claim that it work and this work because they, Keynes work in the India office and he knew how to get the money out of India and he was a master fundraiser. That is how his career Advanced in 1910s and when Sterling was weak during the depression era following the crash of 1929. One of the things they did is, they dealing the Sterling from gold because when it was tied to Gold, it was rapidly depreciating. Instead they tied to the rupee.

So what this means is, what is happening today that, there is a demand for US dollars because that’s the global currency and even when they print money they don’t face that much inflation like we face because now there’s a global demand for the US dollar and this happened in 2008. Your intuition tells us that the US dollar should have gone down because the US economy was in shambles. But then it actually went up because during times of uncertainty every other country wanted to move to the US dollar that created a demand. So what is happening is that when we print money we face inflation when they print money we absorb it, we create the demand for them. So it’s socialized across the world. So that is what Keynesian model did.

They deal in Sterling from gold and linked it to the rupee. So the demand would be created in India. In 1931 and 32 they also shipped out a lot of gold out of India and then there used to be a condition that the Indian government would be given loans, run by the Indian government, run by the British. But then, there was a condition that was imposed that the rupee supply be contracted and the reason was to have lower prices and higher interest rates in India by contracting the rupee.

They also imposed another condition during the round table conferences that are Reserve Bank of India would be set up. The Indian nationalists actually oppose that in 1929. They defeated a bill to set up the Reserve Bank of India and the condition and the reason was that they did not trust it, that it would serve the British imperialist for decades to come and that is what has happened. But then what happened in 1930s is during the Round table conferences. It was made a condition that the Reserve Bank of India must be set up and they somehow got it set up.


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Medieval History Miscellaneous

The legacy of loyalty by the great Mughals 

Courtesy: https://twitter.com/mumukshusavitri/status/1532261065207074817?s=24&t=rsnv1Gu82ULo9uO982zZig

1 The Mughal emperor Humayun blinded his own brother Kamran & murdered his brothers Askari and Hindal.

2 Akbar the “great” killed his own foster brother Adham Khan by throwing him down from the palace walls at Agra, in 1562. Akbar’s murder of Adham Khan was illustrated in the Akbarnama by the Mughal court artists Miskin and Shankar.

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3 Jahangir cruelly blinded his own son Khusrau as his father Akbar wanted his grandson as heir, because Jahangir was an alcoholic & drug addict. Khusrau was captured, put on an elephant & paraded down Chandni Chowk, while his kinsmen were held at knife-point on raised platforms.

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4 As the elephant approached each platform, each supporter was impaled on a stake (through his bowels), while Khusrau was forced to watch & listen to the screams. This was repeated numerous times, then Khusrau was blinded by his father Jahangir in…

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India-China Conflict: India’s Victory of 1967 and the 2020 Clash #Sangam Talk By Probal DasGupta

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The Indian army veteran and author of Watershed 1967: India’s forgotten victory over China, Probal DasGupta talks of the Indo-China relations, particularly the lesser known incidents of 1967. The present standoff in Ladakh has raised questions of war and has brought up the historic narrative between the two countries. today. For fifty years, the event that dominated our memories was the 1962 India-China war, which India lost. However, the present crisis has focused on India’s victory over China in 1967. Probal’s book Watershed 1967 has played a significant role in reshaping the India-China narrative. In this talk he discusses China’s motives and India’s options today, and how 1967 is relevant in the current India-China skirmishes.

About the Speaker:

Probal DasGupta is an Indian army veteran and author…

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Ancient History History Maritime History Medieval History Miscellaneous

Weapons from Punjab and Rajasthan seized in Maharashtra

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While the Hanuman Chalisa and Azaan issue is simmering in Maharashtra huge batches of Swords and other weapons transported from states like Rajasthan and Punjab are being seized in Maharashtra. In last few days three such cases have been registered by Maharashtra police. Isn’t it a clear message that violence is knocking on the door? The rioters being celebrated and awarded in Karnataka and the long list of benefiters from Karauli riots convey the same! Wake up Hindus!

Source: https://www.naidunia.com

Maharashtra के धुले में मिला हथियारों का जखीरा, तलवार और खंजर समेत 90 हथियार जब्त, 4 आरोपी गिरफ्तार। अजान को लेकर राज ठाकरे की होने वाली सभा के लिए, राजस्थान से भेजी जा रही थीं तलवारें।

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One more territory lost to the changing Demography! The Uttarakhand!

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Courtesy: https://twitter.com/anshul_aliganj/status/1517047053821825025?s=21&t=m0uR2PDEkJsDWLonYOQqAg

In Uttarakhand the Tourism Industry has been taken over by Samuday Vishesh. After the change in demography this was bound to happen.

Gadhwal was lost already and and now kumaon getting lost. Be it Nainital, Bhimtal, Ramnagar, Bageshwar,Jageshwar,Ranikhet and Kisano every where you will find them.
Locals have leased their hotels and restaurants to them.

Even when they are of not so well off background still they are able to do highest bidding and are able to get the hotels on lease.
Samuday Vishesh People from far off places have come and taken over Uttarakhand Tourism.

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Ancient History History Maritime History Medieval History Miscellaneous

The Jama Masjid of Ahmedabad on the glorious Bhadra Kali Mandir

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Source:
https://www.booksfact.com/archeology/jama-masjid-ahmedabad-bhadrakali-temple.html

The Jama Masjid in Ahmedabad was originally A Bhadra Kali temple. It was converted into a mosque by Ahmed Shah I. The intricate flowers, coiled serpents representing Kundalini and bells, the remnants of the glorious temple that it may have been. Such carvings are banned in Islam. This goes on to support the history of the temple. Goddess Bhadrakali was believed to be the Nagar Devi of Ahmedabad.

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Ancient History History Maritime History Medieval History Miscellaneous

Facts about Mahmud Ghazni

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Courtesy: Eztainutlacatl

How many of you know that Mahmud’s father was a Kyrghyz Buddhist caught in childhood and converted forcibly? How many know that Mahmud is called Zabuli because he was born out of a forced union between that slave Sabuktegin and a Zabuli Princess?

And how many of you know that Multan sided Mahmud against the Shahis in the name of religion but Mahmud decided Multan was not Muslim enough and attacked it? And how many of you know that of the 17 raids of Mahmud, 14 are against his neighbour, the Shahis?

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Ancient History History Maritime History Medieval History Miscellaneous

Kastur Ba: the secret shadow

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On her 153rd Birth anniversary

Courtesy: Sheshapatangi1

https://twitter.com/sheshapatangi1/status/1513352430250995715?s=21&t=i81i06F0q8_Wv8EeFTvdjg

“I simply cannot bear to look at Ba’s face, the expression is often like that of a meek cow and that in her own dump manner she is saying something” –
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To keep the brand, “Mahatma” popular, they never told the miserable story of his wife.
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Ancient History History Maritime History Medieval History Miscellaneous

My people uprooted

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Courtesy: Shri Tathagata Roy

HISTORY.
8 April 1950 a fateful pact signed betn Jawaharlal Nehru & Liaquat Ali Khan,PM of Pakistan. After 2 months of Govt-engineered pogrom,slaughter, rape of Hindus in East Pakistan. Estimated 50,000 Hindus killed. An instance of incredible political stupidity on Nehru’s part.

Upon Liaquat’s glib assurance that Hindu refugees would be taken back and restored,the gullible Nehru decided that no rehabilitation of Hindus was necessary in India. Result: no refugee went back and were forced to live under inhuman conditions in Indian camps.

The Pakis were so insincere about the pact that their Govt issued secret instructions not to restore any Hindu to his property. Even after the pact all Hindu passengers in down Assam Mail were pulled down and killed just outside Santahar station.

The two Bengali ministers…

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