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Beskrivelse
In his latest book, 'Promise to Pay (Vol. I): Banks, Battles, and Bellies, ' Masood Rezvi lays bare the threads connecting banks to the funding of wars and the hunger so prevalent in large pockets of the population around the world. Unlike his earlier book "Tightening Noose of Poverty" where he draws mainly on his personal experience in rural banking in India, the current title tells a story spanning over four centuries of wars, famines, and banking intertwined in a meshwork of socio-economics. The narrative is supported by meticulously collected data from a diverse cross-section of sources. He convincingly argues that 'banks and their power to create money out of thin air' lie at the heart of major global issues. In this first volume, he lays the foundation of a larger narrative presenting a mechanism, not so hidden in the plain sight, of how the global financial market has been fueling major crises that the world is grappling today. From the funding of the British Raj of the pre-World War India by the Bank of England to the rise of the Federal Reserve, the author presents a picture of a roller-coaster ride the banks have been taking the world on. He steers clear through the mind-boggling clich of the mainstream narrative of the current financial world order and puts the reader in charge by putting things in perspective. History is where the mold of the present is created, and Masood Rezvi has done his job well in describing that mold to make sense of the present. While the book has all the technical details necessary to navigate through the labyrinths of the financial system, the author has been extremely careful to present them in a manner comprehensible for a non-expert reader. The experts, on the other hand, will find the narrative refreshing in its approach, technical precision, and conclusions. This book is another step towards dissecting the mechanism of the current financial system that has created a divide between the rich and the poor, a gap too wide to be filled with just the promises to pay.Author Bio: Masood Rezvi had an extensive experience in rural banking as an Agriculture Officer before assuming the responsibility of Manager when he took early retirement to invest more time in academics and research. He has taught economics, financial management, accounts, and currency banking & exchange. He is a member of Indian Institute of Banking and Finance, Mumbai and of Commerce and Management Research Association, Lucknow, India. He regularly speaks, and organized a national seminar on the wider topic of "Growth with Justice," and has written a semi-biographical book entitled "Tightening Noose of Poverty." His dedication to understand and describe the economics of poverty is rooted in his early experience with the farming sector financed by the Indian Government's policy of nationalizing the banks. He later served as a State Government Nominated Member on the State Level Committee for Monitoring and Implementation of Prime Minister's 15 Point Programme for Minority Communities and Multisectoral Development Plan in Minority Concentration Districts in Uttar Pradesh. Here, again, he was face to face with the poverty stricken community of the urban slums. Other than economics, his passion lies in photography, but they are not exclusive. His photographs also tell the story of the gaping divide between the rich and the poor. His talks and interviews are also available on YouTube.
