Thursday, September 25, 2008

Bankruptcy Concept!

Once there was a little island country. The land of this country was the tiny island itself. The total money in circulation was 2 dollars as there were only two pieces of 1 dollar coins circulating around.

1) There were 3 citizens living on this island country. A owned the land. B and C each owned 1 dollar.

2) B decided to purchase the land from A for 1 dollar. So, now A and C own 1 dollar each while B owned a piece of land that is worth 1 dollar.

* The net asset of the country now = 3 dollars.

3) Now C thought that since there is only one piece of land in the country, and land is non producible asset, its value must definitely go up. So, he borrowed 1 dollar from A, and together with his own 1 dollar, he bought the land from B for 2 dollars.

*A has a loan to C of 1 dollar, so his net asset is 1 dollar.
* B sold his land and got 2 dollars, so his net asset is 2 dollars.
* C owned the piece of land worth 2 dollars but with his 1 dollar debt to A, his net residual asset is 1 dollar.
* Thus, the net asset of the country = 4 dollars.

4) A saw that the land he once owned has risen in value. He regretted having sold it. Luckily, he has a 1 dollar loan to C. He then borrowed 2 dollars from B and acquired the land back from C for 3 dollars. The payment is by 2 dollars cash (which he borrowed) and cancellation of the 1 dollar loan to C. As a result, A now owned a piece of land that is worth 3 dollars. But since he owed B 2 dollars, his net asset is 1 dollar.

* B loaned 2 dollars to A. So his net asset is 2 dollars.
* C now has the 2 coins. His net asset is also 2 dollars.
* The net asset of the country = 5 dollars. A bubble is building up.

(5) B saw that the value of land kept rising. He also wanted to own the land. So he bought the land from A for 4 dollars. The payment is by borrowing 2 dollars from C, and cancellation of his 2 dollars loan to A.

* As a result, A has got his debt cleared and he got the 2 coins. His net asset is 2 dollars.
* B owned a piece of land that is worth 4 dollars, but since he has a debt of 2 dollars with C, his net Asset is 2 dollars.
* C loaned 2 dollars to B, so his net asset is 2 dollars.

* The net asset of the country = 6 dollars; even though, the country has only one piece of land and 2 Dollars in circulation.

(6) Everybody has made money and everybody felt happy and prosperous.

(7) One day an evil wind blew, and an evil thought came to C's mind. "Hey, what if the land price stop going up, how could B repay my loan. There is only 2 dollars in circulation, and, I think after all the land that B owns is worth at most only 1 dollar, and no more."

(8) A also thought the same way.

(9) Nobody wanted to buy land anymore.

* So, in the end, A owns the 2 dollar coins, his net asset is 2 dollars.
* B owed C 2 dollars and the land he owned which he thought worth 4 dollars is now 1 dollar. So his net asset is only 1 dollar.
* C has a loan of 2 dollars to B. But it is a bad debt. Although his net asset is still 2 dollars, his Heart is palpitating.
* The net asset of the country = 3 dollars again.

(10) So, who has stolen the 3 dollars from the country ? Of course, before the bubble burst B thought his land was worth 4 dollars. Actually, right before the collapse, the net asset of the country was 6 dollars on paper. B's net asset is still 2 dollars, his heart is palpitating.

(11) B had no choice but to declare bankruptcy. C as to relinquish his 2 dollars bad debt to B, but in return he acquired the land which is worth 1 dollar now.

* A owns the 2 coins, his net asset is 2 dollars.
* B is bankrupt, his net asset is 0 dollar. ( he lost everything )
* C got no choice but end up with a land worth only 1 dollar

* The net asset of the country = 3 dollars.

************ **End of the story; BUT ************ ********* ******

There is however a redistribution of wealth.
A is the winner, B is the loser, C is lucky that he is spared.
A few points worth noting -

(1) When a bubble is building up, the debt of individuals to one another in a country is also building up.
(2) This story of the island is a closed system whereby there is no other country and hence no foreign debt. The worth of the asset can only be calculated using the island's own currency. Hence, there is no net loss.
(3) An over-damped system is assumed when the bubble burst, meaning the land's value did not go down to below 1 dollar.
(4) When the bubble burst, the fellow with cash is the winner. The fellows having the land or extending loan to others are the losers. The asset could shrink or in worst case, they go bankrupt.
(5) If there is another citizen D either holding a dollar or another piece of land but refrains from taking part in the game, he will neither win nor lose. But he will see the value of his money or land go up and down like a see saw.
(6) When the bubble was in the growing phase, everybody made money.
(7) If you are smart and know that you are living in a growing bubble, it is worthwhile to borrow money (like A ) and take part in the game. But you must know when you should change everything back to cash.
(8) As in the case of land, the above phenomenon applies to stocks as well.
(9) The actual worth of land or stocks depend largely on psychology.
ForwardSourceID:NT0001570A

Wednesday, September 03, 2008

108 Names of Lord Ganesha and the meanings


1. Akhurath: One who has mouse as his charioteer

2. Alampata : Ever eternal lord

3. Amit : Incomparable lord

4. Anantachidrupamayam: Infinite and consciousness personified

5. Avaneesh: Lord of the whole world
6. Avighna: Remover of obstacles

7. Balaganapati: Beloved and lovable child

8. Bhalchandra: Moon-crested lord

9. Bheema: Huge and Gigantic

10. Bhupati: Lord of the gods

11. Bhuvanpati: God of the gods

12. Buddhinath: God of wisdom

13. Budhipriya: Knowledge bestower

14. Bhudhividhata: God of knowledge

15. Chaturbhuj: One who has four arms

16. Devadeva: Lord of all lords

17. Devantakanashakarin: Destroyer of evils and asuras

18. Devarata: One who accepts all gods

19. Devendrashika: Protector of all gods

20. Dharmik: One who gives charity

21. Dhoomravarna: Smoke-Hued lord

22. Durja: Invincible lord

23. Dvaimatura: One who has two mothers

24. Ekaakshara: He of the single syllable

25. Ekadanta: Single-Tusked lord

26. Ekadrishta: Single-Tusked lord

27. Eshanputra: Lord Shiva's son

28. Gadadhara: One who has the mace as his weapon

29. Gajakarna: One who has eyes like an elephant

30. Gajanana: Elephant-Faced lord

31. Gajananeti: Elephant-Faced lord

32. Gajavakra: Trunk of the elephant

33. Gajavaktra: One who has mouth like an elephant
34. Ganadhakshya: Lord of all Ganas (Gods)
35. Ganadhyakshina: Leader of all the celestial bodies
36. Ganapati: Lord of all Ganas (Gods)
37. Gaurisuta: The son of Gauri (Parvati)
38. Gunina: One who is the master of all virtues
39. Haridra: One who is golden colored
40. Heramba: Mother's Beloved son
41. Kapila: Yellowish-Brown coloured
42. Kaveesha: Master of poets
43. Krti: Lord of music
44. Kripalu: Merciful lord

45. Krishapingaksha: Yellowish-Brown eyed

46. Kshamakaram: The place of forgiveness

47. Kshipra: One who is easy to appease

48. Lambakarna: Large-Eared lords

49. Lambodara: The huge bellied lord

50. Mahabala: Enormously strong lord

51. Mahaganpati: Omnipotent and supreme lord

52. Maheshwaram: Lord of the universe

53. Mangalamurti: All auspicious lord

54. Manomay: Winner of hearts

55. Mrityunjaya: Conqueror of death

56. Mundakarama: Abode of happiness 57. Muktidaya: Bestower of eternal bliss

58. Mushikvahana: One who has mouse as charioteer

59. Nadapratithishta: One who appreciates and loves music

60. Namasthetu: Vanquisher of all evils and vices and sins

61. Nandana: Lord Shiva's son

62. Nideeshwaram: Giver of wealth and treasures

63. Omkara: One who has the form of OM

64. Pitambara: One who has yellow-colored body

65. Pramoda: Lord of all abodes

66. Prathameshwara: First among all

67. Purush: The omnipotent personality

68. Rakta: One who has red-colored body

69. Rudrapriya: Beloved of lord Shiva

70. Sarvadevatman: Acceptor of all celestial offerings

71. Sarvasiddanta: Bestower of skills and wisdom

72. Sarvatman: Protector of the universe

73. Shambhavi: The son of Parvati

74. Shashivarnam: One who has a moon like complexion

75. Shoorpakarna: Large-eared Lord

76. Shuban: All auspicious lord

77. Shubhagunakanan: One who is the master of all virtues

78. Shweta: One who is as pure as the white colour

79. Siddhidhata: Bestower of success and accomplishments

80. Siddhipriya: Bestower of wishes and boons

81. Siddhivinayak: Bestower of success

82. Skandapurvaja: Elder brother of Skanda (Lord Kartik)

83. Sumukha: Auspicious face

84. Sureshwaram: Lord of all lords

85. Swaroop: Lover of beauty

86. Tarun: Ageless

87. Uddanda: Nemesis of evils and vices

88. Umaputra: The son of goddess Uma (Parvati)

89. Vakratunda: Curved trunk lord

90. Varaganapati: Bestower of boons

91. Varaprada: Granter of wishes and boons

92. Varadavinayaka: Bestower of Success

93. Veeraganapati: Heroic lord

94. Vidyavaridhi: God of wisdom

95. Vighnahara: Remover of obstacles

96. Vignaharta: Demolisher of obstacles

97. Vighnaraja: Lord of all hindrances

98. Vighnarajendra: Lord of all obstacles

99. Vighnavinashanaya: Destroyer of all obstacles and impediments

100. Vigneshwara: Lord of all obstacles

101. Vikat: Huge and gigantic

102. Vinayaka: Lord of all

103. Vishwamukha: Master of the universe

104. Vishwaraja: King of the world

105. Yagnakaya: Acceptor of all sacred and sacrificial offerings

106. Yashaskaram: Bestower of fame and fortune

107. Yashvasin: Beloved and ever popular lord

108. Yogadhipa: The lord of meditation

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