US TAXPAYERS GANGBANG AND LIBYAN GANGNAM - THE EXPLAINER

1.The world economy showing no signs of an economic uptrend have been lingering around for  several years and posed as an uphill task for every country’s head.The 2009 recession have made us witness its aftermath effect which have taken large economies like the USA in its ambit. At the same time the European monetary crisis generated from Greek bankrupty has added more frustration to the already plagued economic condition .Every now and then it is being heard even small countries making their way into the never ending solvency. In the year 1820 the word Globalization came into effect whose aim was a simplistic approach of widening, deepening and speeding up of trade and economic relations between countries. In other words globalizations purpose was(is) to help each other during the condition of economic stagnation or recession. But does the buzzword solve its purpose. What is the purpose of globalization if all the trading partners are ailing? Another inevitable great depression cannot be ruled out. Presently two economic superpowers the USA and the EU(European Union) were the most diseased economic bloc. In a globalized world other countries are deeply associated with these states concerned with trade and economy. Anything happening to those countries have a debilitating impact upon other countries including India. Presently after the US election the buzzword is FISCAL CLIFF and DEBT CEILING. In my previous blog I have explained fiscal cliff. But how will India be affected by the FISCAL CLIFF. There are mixed reactions of the economists. Click here to know the impact of fiscal cliff on INDIA

2. If you are living in a world of prolonged economic stagnation, you will really be stunned hearing GDP growth rate of a country at  an astounding 150 per cent. Even it is quite unbelievable to hear the war trodden Libya will be the fastest growing economy. It is  not an excerpt  of any Cinderella story but real fact. If you still don’t believe check this infographic .

3.The mass killing of people in Nigeria by the Islamist group BOKO HARAM has been popping up in each and every newspaper articles. This is a jihadist militant organization based in north-east Nigeria. It is an Islamic movement which strongly opposes man-made laws and modern science. The group strongly condemns western education, Christianity and responsible for attacks and damages of churches in Nigeria. Check out who are boko haram

4.The recent 1100 crore stock guru scam is being described as a tip of an iceberg of the vast chit fund schemes. After the “Speak Asia” scam few years back, the stock guru scam have have hugged the limelight yet again showcasing the Ponzi schemes prevalence in every nook and corner of the country.What exactly is ponzy sceme and how it works.check the explainer by economic times.

5. And lets end with a gangnam style.check out this video which became the most watched youtube video ever with 800 million views