Finance follies
Here is my parody of the famous global economic forum in Davos. My poem is 'Divorce of the World Economy,' from the World Eco-nonsense Forum, in 'Divorce, Sauceland'.
Here comes the annual meeting of several world-class e-nono-mists;
Sometimes referred to as great visionaries and world reformists.
Holding PuDs, papadums, and golf masters from top unis, conducting incomprehensible surveys, study papers, and thesis.
These guys try to analyse, predict, and steer everything under the sun.
Apart from their own family lives, which is in the doldrums.
They think they know all the laws, rules, regulations, and tricks of the trade;
So-called "chapters, articles, uni, sh*tty, bitty and tri-lateral accords" they made.
Claiming to know best how to run the economy in a specific way, "trickle-down economics", putting the poorest on a drip wage per day.
Sucking up all the money due to inflation, leaving the needy almost dry to the core;
Microdroplets reaching down by schemes resembling a great allure.
"A shot in the arm", by printing more money to lend and pump into the system.
Injecting funds into problematic ventures to uphold an absurd definition.
Methods used are as psychotic as they are out of their mind frame;
Give more consumer loans to increase public debt, so banks can call the NPA game.
Cut interest rates by a quarter percentage point and see what happens;
Increase the "overnight deposit rates" ONDR for no reason till everything slackens.
Create mutual bonds, federal bonds, corporate bonds, and junk bonds;
Derivatives, future contracts, mortgages, and sub-prime loans to the absconds.
Manipulate the exchange rates to match the basket full of fiat currencies;
Investment bankers invented new "financial instruments" like lie-abilities.
With too much money in circulation, tighten the cash flow;
Increase the cost of borrowing, and to hell let the borrowers go.
It is a game of inflation, deflation, saturation, recession, and depression;
Foreign direct intervention, Imbalance of payment, flirting with mergers and acquisition.
Re-engineering, design thinking, out-of-the-box thinking and nonsense thinking;
All leading to nothing but endless meetings, interviews, parties, and late-night mingling.
Nothing related to the ground realities except champagne-on-rocks at snow-capped resorts;
E-nono-mists, CEOs, and central bankers meet up for brain-storming while reality distorts.
Trade talks, trade wars, trade rules, trade preferences, trade partners, and place sanctions;
Many live in poverty, the middle class just surviving, and the super-rich in ultra-luxury without any questions.
Wealth stacked up in Baldives, Bananas Republics, Virginity Islands, and Sauceland tax havens;
The next meeting will be at Bend-the-Woods, to crack new ideas with heads all shaven.
Ken Khorana