The letter was received by White House through FEDEX on 25-August-2008. It was neither acted upon nor acknowledged. When the matter of utmost national importance and urgency was received at the White House, they chose to ignore. It shows how bureaucratic and unimaginative the White House officials are. When the nation was sinking, even a small life line was worth taking a chance. But Nay, George W Bush was destined to go down as the worst ever President of the United States in its history, a man who completely ruined and destroyed every fabric of America
Ref: 08-012 of 31-Oct-2008
That’s right. I had the perfect solution to the present problems facing the United States and the world. I sent a letter to the President of the United States of America, Mr. George W Bush, suggesting my complete plan to resolve the problem of not only Sub Prime crisis but also to offer the complete blue print in no uncertain terms to solve the most of the problems that you are hearing day in and out on CNBC, BBC, NBC, ABC , CBS and host of finance specific newspapers around the country and the world.
I also wrote that it was time for action for the President Bush, that his last 60 days of Presidency were the most important part of his career, and that he could change the face of America in just under 60 days. It was not the time for relaxation but action. I warned that if he did not take the swift action, the worse days would follow.
I also sent a copy of this letter to the Consul General of United States in Hong Kong for his information so that in case, some bureaucrat ignored the letter, he could have filled in the gap to alert the appropriate authorities. I also gave my full identity.
And the result was disastrous. Within 16 days, the worst things started happening in United States in quick succession. Trillions of dollars were lost in worst ever shake up on Wall Street and Nasdaq, $700 billions package was designed by Paulson and Bernanke who do not know even today, what are the real problems facing the United States, and they go on printing and guaranteeing the bad debts running into trillions of dollars.
Here is the full text of my letter (Last two pages of my profile and cover page of my new book are omitted here).
Tell me, If you were the President of United States of America, if you were facing the enormous problems, and you got a letter that claimed to redress all vital problems facing the country, what would you have done? Read the letter and acted, at least deliberated, or just ignored and dumped into the dustbin? Vote for it at the end of this article:
All Paulson and Bernanke’s Bail Out plan of US$ 700 billions were really not necessary. This plan is not working nor will work in future. It will simply give rise to massive rise in inflation that may see the interest rates climbing to 24% to 30% in less than 18 months.
Both Paulson and Bernanke are hell bent upon printing the dollars as way out for current massive problem. They do not know the problem at all – where is the question of looking forward to them for solution. Why Should American Tax payers bear the cost of over US$ 1.5 trillions spent so far and hand over the blank checkbook to these two guys who have run out of common sense and wielding monetary weapons in complete darkness?
A copy of My Letter dated 18-Aug-2008 (Received by White House on 25 Aug 2008) is reproduced below with a copy of my letter to addressed to Consul General of United States in Hong Kong.
Mr. George W Bush,
The White House , 1600 Pennsylvania Avenue NW
Washington, DC 20500 USA
Dear Mr. President,
The Bible for Recovery of the United States of America
I have solution for not only the sub-prime crisis, but also the most comprehensive economic and political solution for other troubles like falling dollar, rising crude and commodity prices, gold and geo-political crisis in the Middle East. So far as I know from the public knowledge, I am at this point of time, the only person in the world to have complete and speediest solution for the current range of crisis engulfing the United States.
First thing first. Who am I? Kalidas is a nickname – my real name is mentioned in the enclosed profile. Briefly, I am a Hindu by religion, borne in Mumbai (India), grew up for 36 years there, currently a Permanent Resident of Hong Kong for over 24 years, a full British Citizen (my sole nationality), and a friend of the United States of America. I have 40 years of combined experience in banking, as stock broker, bond trader, in capital markets, business and finance. I have clean record in all countries of my residence.
You stand excellent chance to make your last 90 days of Presidency the most memorable event of your political career. What could not be achieved in the past 2700 days of Presidency, would be achieved in just 90 days. Your approval rating could rise to over 90 by the time you would give up your Presidency.
The chances for success will be between 70% to 95% if you implement the suggestions with full conviction. Within next 90 days, before November 4, 2008, the United States will be up and running on all cylinders if you appreciate the solution and take the line of actions suggested.
Ask any member of your cabinet or even great investors. They are all searching for the two ends in highly complex intertwined ball of ropes. No one will come close within 1000 yards to the solution that I have outlined after almost 6 months of day and night efforts.
Let me tell you briefly how my entire work is organized in almost 260 pages.
Modular design…
My work consists of 18 chapters on each subject of current economic or political troubles. It is in modular design. Each chapter is independent of the other in most cases, except where some correlation exists. Each chapter contains the problem identification, its origin, extent, size and seriousness of the problem, and most importantly, the Solution that is eluding the most. The solution is accompanied separately by Action Plan, Time Line and extent of qualitative and quantitative benefits that can be derived in prescribed time frame. Nothing is left to chance. Everything is target specific. Nothing vague. The report is written in very simple language without any technical cliché – even a person of ordinary intellect can understand it very clearly.
Assign each Chapter/Task to concerned Cabinet member or Department for target specific actions within definite time frame. All departments are given specific leads how to proceed so that details could be worked out by them in shortest possible time.
|
No. |
Chapter Contents |
No. of Pages |
For Notes and Comments |
|
01 |
Sub Prime Crisis · Need of the hour… to diffuse the financial bomb · Identification, Origin and the size of the problem · Crux of the problems to fix – Foreclosure and Collapse of Derivatives · Suggested Measures to stop the creation of further bad sub-prim e loans · Legality of the foreclosures, and how the borrowers exploit the lenders. · Solution for Credit Crisis hurting large banks and brokers…Action Plan |
30 |
|
|
02 |
Reversing Dollar Flow
|
06 |
|
|
03 |
Growth & Consumer Spending · Obsolete theory of consumer spending leading to growth in GDP · Spoilt consumers and excessive protectionism · Consumers’ exploitation by Banks |
06 |
|
|
04 |
Using Business Immigration |
12 |
|
|
05 |
US Dollar, Euro and Eurodollar · Understanding complex inter-relationship · How US financial system is attacked by a group of nations without even US knowing it · Relationship with Oil prices, how to cause crash in oil prices? · How to address trillion dollar industry with ease and effect · One more Parallel economy and how to make the billions out of it? |
12 |
|
|
06 |
FED is not GOD · Excessive reliance on FED for growth · Where the FED fails..? Role of FED vs. Treasury · FED Chairmanship vs. American Presidency · How FED creates unemployment? · Monetary Policy vs. Fiscal Policy · $ Carry trades in low interest environment |
22 |
|
|
07 |
Inflation & Growth – Misdirected policies · Inflation, Stagflation, Growth and Expectation · Demand, Wage and never recognized Derivative induced inflation · Correcting the policies |
12 |
|
|
08 |
Non-inflationary growth · Absurd concept and misdirected policies as result · Creative containment of inflationary numbers |
6 |
|
|
09 |
Long Term Interest Rate Policy · Ad hoc short term policy on Interest rates do not work · How to make LT Interest Rate policy dynamic? · How to contain $ carry trades and derivatives with LT Interest Policy |
10 |
|
|
10 |
Humpty Dumpty Dollar Down · How dollar drowns? · Dow vs. Dollar – before 10 years and now · Political reasons for dumping dollar · Political actions to reverse the dollar flow |
8 |
|
|
11 |
Off shore to On shore |
8 |
|
|
12 |
Introducing Dynamic Taxation · Americans’ flight from on shore to off shore. · Parabola Structure of Taxation. · Current Taxation and Rate Structure – big negative . · How to reward efficiency in taxation to make it more rewarding · How to increase Corporate tax revenue by reducing taxes · Dynamic Taxation policy with automatic adjustment · Revising Individuals and Corporate tax structure with full tables (32 pages) · How US to benefit using Convertible Bonds of troubled borrowers? · How to reduce the tax rate and earn the billions more · Pro-Active Taxation policy |
22 |
Plus 32 pages of Taxation schedule for Corporate and Individuals |
|
13 |
Reviving Auto Industry · Funding Auto industry to retain and increase jobs · Funding Auto sector via innovative financing · Making billions of Tax payers’ money by helping Auto sector · Similar policy for Airlines as well |
8 |
|
|
14 |
Oil Price · Who rockets the oil prices and how? · How to contain oil prices? Relationship between ICE and NYMEX · Relationship between Oil Prices and Dollar at various centers · Comprehensive plan to manage and control oil prices |
14 |
|
|
15 |
Where is McKenna’s Gold? · Does US have 8134 tons of Gold as claimed? · Where the Gold has disappeared? Physical holding does not mean ownership. It is only a custodial holding. · Strong dollar policy and Gold – Dollar’s downfall · How to rebuild real gold reserve on dynamic basis to lend strength to $ |
20 |
|
|
16 |
Dealing with Islam · Understanding Islam · Peace with four “I” – Islam, Iraq, Iran and Israel · Difference between Nationalist and Terrorist · Complete re-thinking of policy and bringing Islam within the realm of modern era · Policy of engagement vs. Confrontation · Dealing with Palestine, Lebanon and Israel – possible Action Plan. · Retreating from Iraq and engaging in its development. · Dealing with Iran and Islam · Dealing with Afghanistan and Osama Bin Laden · How Islamist will surrender terrorism? · Ending a war on terror and starting war for peace |
16 |
|
|
17 |
US Should ….itself (Using defense technology for peaceful purpose) · Facing natural disasters like flooding, tornado, wild fires using defense technology · Converting killing machines into most modern weapons for peaceful use · Converting passive military technology into $300 Billions a year export industry using US Army Corp · Better read this article in full rather than discussing it here |
12 |
|
|
18 |
Misc |
|
|
As you can see, the entire plan is very comprehensive. Full facts, figures, data are given in simple yet effective manner. It offers solution and tells the administration what to do rather than what others criticize what should not have been done. It is more directional. Written in the first person style, it is more interactive and evocative. No more beating around the bush – straight talk.
If you have interest, please contact me by email. I may not be available in Hong Kong for a few days due to family wedding which will be over by 26August, 2008.. I will provide you full contact details once I see firm interest in the above proposal. I will be in USA for a few days.
All the proposed actions can be taken within 45 days, allowing sufficient time for deliberation and discussion. It will be understood by all within minutes.
Terms of Engagement
I will disclose my terms of engagement, once I see the interest. If no proposal is received, I will publish my work in the form of a book after a few months. However, in that case, the US will lose first strike advantage, and some erring nations will go scot free. The trillions of dollars inflow and income will be lost. US will never be able to recover from present economic mess in which it is. The worst days will come if no actions are taken now to address the challenge.
My fees will be mostly performance based, except certain minimum. It will be based on simple formula.
Since this is an unsolicited offer, I do not expect any reply in case there is no interest. However, those who are handling this letter are requested to at least inform the President of the contents.
Kalidas
Hong Kong,
18 August, 2008
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