First World GOONS!

Hello everyone,

This is NOT a normal run-of-the-mill article. And I am NOT here to make your life miserable reading this article! I will focus on facts and numbers, because numbers DO NOT LIE.....

My only problem is: I CANNOT stand hypocrisy and diplomacy beyond a point! This is probably why I quit the corporate world 12 years ago!

Just answer the following questions for me:

How would you define a FIRST WORLD COUNTRY?

OR

How would you describe FIRST WORLD GOONS?

A country where gun laws are beyond individual control and norms are flouted to the extent that there are mass shootouts in schools?

Also happens to be the same country, where the gun lobby is extremely strong and powerful. This country also spends the MOST on defence expenditure thereby having the MOST powerful arms and ammunition in the world.

Tell me if the following points are true or false:

1. A country where printing its currency is as common as printing newspapers? YES
2. Where interest rates have been 0.5% for the past 10-12 years and lately reached a terminal rate of almost 5.2%? YES
3. A currency which is the planet's RESERVE currency and thereby their debt ceiling is ALWAYS increased from time to time to push more printing of currency? YES
4. A country where ghettos are as common as kirana shops in your local area? AND a stupid thief on an average 'breaks-in' to an average household every 25 seconds? YES
5. A country where illegal immigration is so rampant that getting a legal residency status has been a billion dollar money making industry for the entire system since ages? YES
6. Unemployment rate is as low as 3.2% whereas the debt-to-gdp ratio is as high as more than 115%? YES
7. An average citizen has atleast 5 credit cards thereby implying that the entire economy is RUNNING on mass credit offtake across the system? YES
8. Every 7 years there is an impending slowdown/taper tantrum/recession plaguing the country and thereby plaguing the world as their currency is the world's SO CALLED reserve currency? HELL YES
9. Where 300+ phDs other and doctoral degree holders work for the central bank and YET, they have absolutely NO CLUE on how to tackle and balance inflation, growth, interest rates? HELL YES
10. A country using its soft power via academy awards, animation movies, branded characters, web series, and 5 top brands that literally CONTROL the world's consumer spending/viewing/discretionary habits? YES
11. A country which brags about the so-called "valley" yet has an abysmal success rate of ONLY 16% startups that go on and survive beyond 10 years of existence? YES
12. A ruptured financial system where banks DO NOT follow adequate SLR and CRR and lend 'recklessly' owing to low interest rates ONLY to go bankrupt eventually after 5 years? HELL YES
13. Where you have a waiting period of 3 months for a medical check-up covering you under ALL MEDICAL EXPENSES paid? YES
14. Where COVID vaccination did not even render a digital receipt/certificate and you had to carry physical certificates? YES
15. Where voting systems are so outdated that there is no facility of electronic voting machines and till date, the elections happens on BALLOT paper? YES
16. Where airports, hotels, lounges are messy, disorganized, render poor customer service, offer no recourse at all? YES, YES, YES

Now, would you call the above country a FIRST WORLD country?

OR

Do they actually qualify as FIRST WORLD GOONS?

(The answer is so subjective that even if you want to say it, your loyalty or ego would stop you from accepting the TRUTH: 'It is so REAL that it is RARE')

------- Sameer Karna (InvestMentor, Stock Market Trader/Trainer)

P.S

I have atleast a zillion points to disprove this theory of 'first world' BUT major heads are covered above.