Anil Selarka

author of new book

Sub Prime Resolved

A Bible for the
Complete Economic Recovery of the
United States of America
Contact Details : Blog: http://anilselarka.com
Anil Selarka Email: kalidasji@gmail.com
4F, #3 Wood Road, Personal: anil@selarka.com
Wanchai, Hong Kong Skype: anilselarka
Tel: 2573 2604 Fax: 2573 2635 Yahoo: anilselarka
No more foreclosures
Mortgage solution
Cheap trillion for SLG
Business Immigration
Income from euro-dollar
Reviving Auto industry
Fixing banks and brokers
Interest rate policy
Disappearing Gold
Lower taxes for all
$300B defense exports
 A reviewer called it a “Book of the Century”
W h ile th e w o rld h as been debatin g on the current econom ic crisis for over 18
m onths, none of the experts h as so far com e up w ith a single solution. This book
resolves th e Credit Crisis in one fell sw oop.

An il Selarka, a B ritish Indian author from H ong Kong, arm ed w ith 4 0 yea rs of
com bined financial experience as a form er banker, stock broker and bond trader,
p resents h is rem a rkable perspective on the m ajor concerns of today

H e analyzes, isolates, quantifies the m agnitude of every issue, and then outlines a
specific solution for each problem . W ritten in plain English, the author presents h is
case clearly and com pellingly. Every Am erican is entitled to know w hat is w rong
w ith A m erica. This book addresses it all. The Cha pter contents follow s herea fter.
Recom m end th is book to your friends.

Read, Think, Transmit, Discuss, Debate and Enforce the Change

 4
Chap 01 - Sub Prime Crisis
< Need of the hour - to fix the crisis now
< Crux of the problem s to fix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< M ortgage and Foreclosure in U SA vs. Rest o f the w orld . . . . . . . . . . . . . . . . . . . . . .
< Reasons for Sub Prim e default . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< Non Recourse m ortgage in U SA - m ain culprit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< H ow to stop further creation o f Sub Prim e defaults? . . . . . . . . . . . . . . . . . . . . . . . . .
< Creation of parallel econom y via paper derivative . . . . . . . . . . . . . . . . . . . . . . . . . . .
< H ow CDO and m aturity m ism atch is created . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< Solution for the banking crisis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< H ow to borrow $ 1 trillion w ithout repaym ent obligations . . . . . . . . . . . . . . . . . . .
< Paulson’s $350 Billions TARP funds turn zero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< Funding b ad assets and SLG sector - Gam e Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< Rescuing financing banks and land developers stuck w ith high cost land . . . . .
 5
Chap 02 - Business Immigration
< K ey to M ortgage M arket Revival & Dollar Inflow . . . . . . . . . . . . . . . . . . . . . . . . . .
< Prom oting "Business Im m igration" to im port W ealth and Prosperity . . . . .
< W h y S ma ll and Med iu m Enterp rises (SM E ) do not invest in USA? . . . . . . . . . .
< Radical reform s required in Pro duct Liab ility (PL) law for successful
"Business Im m igration" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< H ow Business Im m igration could reso lve the Credit Crisis? . . . . . . . . . . . . . . .
< Im m igrant Visa to Investors w ho buy Sub Prim e or Distressed A ssets . . . . . .
< Benefits of Business Im m igration Schem e - inflow of over $ 1.6 trillions . . .

This extra ordinary chapter forms the basis of the recovery. It costs
nothing, just a policy change, and potentially brings in $ 1 trillion in
three years without any repayment obligations. Almost 6 millions
homes and cars could be sold to incoming Business Immigrants.
 6
Chap 03 - Humpty Dumpty Dollar Down
< from Dum ping and Slum ping do llar to Th um ping do llar . . . . . . . . . . . . . . . . . . .
< Political Reasons for dum ping dollar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< Po litical actions to reverse declining cou rse of dum ping do llar . . . . . . . . . . . .
< Reversing the Dollar outflow . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< O ff shore to O n Shore . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The intermittent dollar strength is fragile. It is generally weak. In the

past, the Dow and S&P rose with the strength in dollar. There is a
disconnect since then. It means that foreigners are not buying the
stocks or bonds (which would otherwise result in buying of dollar). The
current rally in stocks is mainly due to domestic money. How to reverse
this trend so that foreign capital could come in for real investment?
 7
Chap 04 Euro Dollar- Is Euro dollar a legal instrument?
< Eu ro D ollar - Leg alize its Role or Dem onetizing it? . . . . . . . . . . . . . . . . . . . . . . . .
< H ow m any Eurodollars and credit derivatives have been created? . . . . . . . . .
< H ow troubled banks, brokers and insurers brought "off shore" troubles "on
shore"? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< H ow to resolve the credit crisis by legalizing the Euro dollar? . . . . . . . . . . . . .
< Earning trillion do llar in taxes by legalizing the Euro dollar . . . . . . . . . . . . . . . .

This is a brilliant expose and idea from the author that could
potentially bring in $1.2 trillion in taxes to the US administration. It
would wipe off the years of budget deficits, lend incredible strength to
the dollar, and resolve the year long credit crisis. This is a “must read”
chapter. Are you aware that “eurodollar” which trade in trillions is an
“illegal currency” and that it is “not a legal tender”?
 8
Chap 05 - Reviving Auto Industry - Reshaping them into
perfect fits
< H elping through Im m igration, Tax Cuts and State buying. . . . . . . . . . . . . . . . . .
< U sing Business Im m igration (SPB V isa) to revive the Auto industry . . . . . . .
< W hy U S A utom akers are confined only to do m estic m arket? .......

At the time of this writing, Chrysler is thrown into bankruptcy pushing

thousands out of job. The news just appeared that General Motors too
would file for bankruptcy. If the policy makers had read this book
before, and this chapter in particular, the above events would have
been avoided. The auto makers need “sales, not charity dollars in bail
outs”. The author lays down clear foundation to revive the industry
without much outlay in funds, and pulls this industry out of recession.
 9
Chap 06 - Reviving Airline Industry
< Causes and Solution for perennial crisis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< Cost Structure and m is-pricing the service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

This is yet another industry which is in perennial slump. The author

lays down clearly what is really wrong with this industry and how to
resolve its problems without any state intervention.
 10
Chap 07 - Fixing Troubled Banks & Brokers - Action Plan
for Revival
< Fixing Trillion D ollar problem - Banks, Brokers and Insurers . . . . . . . . . . . . . .
< Investigate Paulson role in guaranteeing C itigroup's $306 billions of toxic
assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< Investigate Vikram Pandit's term s of joining Citigroup . . . . . . . . . . . . . . . . . . . .
< Reviving the Investm ent Banks or Security Brokers . . . . . . . . . . . . . . . . . . . . . . .

This is yet another masterpiece from the author who was a banker for
19 years and broker/bond trader for 17 years. He is a lawyer and cost
accountant too. He has combined all his skills, creativity and knowledge
to resolve the most difficult crisis of all time. There could not have been
a better solution.
 11
Chap 08 - Inflation & Growth
< Stagflation, Grow th & Expectation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< Dem and induced inflation - first generation type . . . . . . . . . . . . . . . . . . . . . . . . . .
< W age induced inflation - first generation theory . . . . . . . . . . . . . . . . . . . . . . . . . .
< Derivative induced inflation - New and third generation type of inflation . . .
< Non inflationary grow th and GDP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< Consu m ers and their excessive protectionism . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< Consum ers' exploitation by Banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

A lot of myth has surrounded the term “inflation” and “growth”. How
0.1% change here or there could move the markets to the extreme? The
author simplifies these terms so that the people could understand how
the practice of wrong policies originated by following seemingly wrong
principles of finance and economics. A real eye opener.
 12
Chap 09 - Off Shore to On Shore
< W ho ow ns the bulk of Eurodollars in o ff shore centers? . . . . . . . . . . . . . . . . . . .
< Bounty for off shore banks and sticks for the w ealthy citizens . . . . . . . . . . . . .
< Gross Injustice to Am erican W ealthy Citizens . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< The corrective actions that O bam a Adm inistration should take . . . . . . . . . . . .

President Obama is following self defeatist policy in hounding the

welathy American citizens who park their money off shore. He is
addressing the “result” rather than the “cause”. The author unfolds the
reasons why the rich citizens of any country go off shore. He also
provides the solution how to bring back off shore money on shore to
resolve the capital crisis. Read this chapter with the chapter 12 on
taxation to understand the inter relationship.
 13
Chap 10 - Interest Rate Policy - Long and Short Term
< M oney should have som e cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< Goody goody Greenspan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< H ow reasonable long term interest rates help the society? . . . . . . . . . . . . . . . .
< W hy health care cost is rising at pheno m enal rates? . . . . . . . . . . . . . . . . . . . . . . .
< H ow to disburse credits to needy and get the econom y m oving again? . . . . .

The author informs the reader why the interest rate policy of Fed and
other central banks is not working. Almost all Central banks, Fed
included, follow too generic interest rate policy which does not filter
through to the end users of credit. The author lays down the principles
of “target specific interest rate policy” for housing, credit cards and
normal businesses.
 14
Chap 11 - Fed is not GOD - A time to understand how Fed
behaves and misbehaves
< System Draw backs - Tenure of elected President vs appointed Fed
Chairm an . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< H ow "dollar carry" trades arose? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< Vanishing Act of TA RP billions. Bail out or Blow out? . . . . . . . . . . . . . . . . . . . . . .
< H ow Fed Creates the m assive unem ploym ent using Tax payers funds? . . . . .
< H ow to resolve the derivative related m ess? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< H ow high interest rate w ill solve the credit crisis and help A m erica? . . . . . . .

World’ s most watched Central Bank, Federal Reserve, is given more

importance than it deserves. The Fed chairman is more powerful than
even President. Whereas the elected President could have life of 4
years, appointed Fed Chairman like Greenspan could stay for 18 years!
 15
Chap 12 - Dynamic Taxation - How to reduce taxes and
increase revenue at same time? A fantastic chapter.
< Am ericans' fligh t from on shore to off shore to save taxes: . . . . . . . . . . . . . . . .
< Parabola Structure of Taxation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< Recom m ended Progressive Tax Rate Schedule for Individuals for 2009
onw ards (A lso full tab le of 16 pages - Appendix -1) . . . . . . . . . . . . . . . . . . . . .
< Suggested Corporate Tax Rates 2009 (Also full table of 16 pages Appx-2)
< Rationale behind the chang ing Corporate Tax Structure . . . . . . . . . . . . . . . . . .
< Treat the Corporate sector w ith "Carrot and Stick " policy. . . . . . . . . . . . . . . . .
< Radical step to suspend Corporate Tax for current year - Losses $200
Billions Gain $ 3 trillions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< H ow U S benefits by low er taxation and C onvertible bond s of troubled
borrow ers? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< Cost benefit analysis for helping C orporate sector in troubled tim e.
 16
Chap 13 - Oil Prices - Management, Control and
Manipulation
< U nderstanding huge m ovem ent in O il prices?
< O il Price W ar (Arabs) vs. Dollar Debacle (Am ericans) - A suspense dram a
< H ow the oil is shorted and Dollar index bought for covert operation?
< Should Oil prices be controlled?

A brilliant expose to drastic oil prices movement. A lots of secrets

revealed. The investigative journalism at its best. Never before the
erratic movements in the oil prices and wild gyrations in dollar have
been related with reference to settlement system at various exchanges.
Read how a few countries could jack up the oil prices to $147, and how
US suppressed oil prices in 90s to less than $10 per barrel?
 17
Chap 14 - Where is the Mackenna's Gold?
< Does U S really have 8,134 tons of Gold as claim ed? . . . . . . . . . . . . . . . . . . . . .
< H ow the leased gold disappeared? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< W hy FED avoids the M ark to M arket rule for its ow n balance sheet? . . . . .
< If the large ch unk of gold does no t exist, w here is the relative C ash
Collateral? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< H ow m uch the Am erican tax payers stand to lose?
< H ow Britain tried to m anipulate the Gold Prices by Public Auction? . . . . . .
< H ow to resolve the Gold im passe? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< Depressing Gold Producer Countries' Currencies to control the Gold Price
< Dealing w ith the Gold - Dynam ic Solution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Another brilliant expose - one of the most devastating. Again, the
investigative journalism at its best, even better than previous chapter.
The author informs the Americans that they do not have enough gold.
 18
Chap 15 - Dealing with Islam
< Peace w ith four "I"- Islam , Iraq, Iran and Israel . . . . . . . . . . . . . . . . . . . . . . . . . .
< H ow Islam ic nations should respond to U S o ffers? . . . . . . . . . . . . . . . . . . . . . . .
< Retreating from Iraq and engaging in its developm ent. . . . . . . . . . . . . . . . . . . .
< Policy of engagem ent w ith Islam ists . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< Dealing w ith Palestine, Lebanon and Israel - possible Action Plan. . . . . . . . .
< Dealing w ith Iran and Islam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< Dealing w ith Afghanistan and Osam a Bin Laden & C om pany . . . . . . . . . . . . .
< Econo m ic effects of the change in political policy . . . . . . . . . . . . . . . . . . . . . . . .
< Arithm etic of new political initiative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

One of the softest touch to the most delicate subject - Islam. The
author informs the readers that the process of economic recovery is
incomplete without political solution being found for tackling Islam.
 19
Chap 16 - US Should bomb itself
< W hy should U S bom b itself ? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< U nderstanding the storm s, rivers, ocean, m ountains and plains . . . . . . . . . .
< Interconnecting Rivers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< H ow cluster bo m bing help balance the nature? . . . . . . . . . . . . . . . . . . . . . . . . . .
< H ow effective cluster bom bs could be? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
< Exportable Technology - potential incom e $ 300 billion per year
< Cluster Bom bs in Peace tim e - Cost, Benefits and Political Advantages . . . .

A remarkably creative article. Do not be alarmed by the title. After

reading it even President Obama, the Commander in Chief , would also
say, why not? The author, a Science graduate, informs the US military
and President how the cluster bomb technology could shower benefits
and bring in $300 Billions per year?
 20
As you w ill observe, this book talks only of solution, solution and solution. It
covers practically every aspect of US econom y w here troubles have been
brew ing for over 18 m onths. This book can b e read by any person o f ordinary
intelligence, a laym an o r a com m on m an. It is w ritten in very sim ple English
w ithout using any technical jargon - not even once.

This b ook m ust b e read by -

! the President Barack O bam a him self - it w ill open his eyes and persuade
him to follow correct policy from now on. All Dem ocrats and Republicans
! All governm ent officials in Treasury, Fed, SEC, IRS, FDIC, CFTC in USA
! All investors, hedge funds and pension funds.
! IM F, W orld Bank and all banks throughout the w orld.
! All stock and com m odity exchanges in the U SA and w orld.
! All Presidents, Prim e M inisters, Chancellors, Finance M inisters in G8 & 20
! All Investors, Central Banks and Governm ents in the w orld.
 21
It’s a Challenge
There are no books around
at this point of time (May, 2009)
that come close to the
Contents and Solutions outlined in this book
The author exhorts everyone
to read, think, discuss, debate and inform their
Senators, Representatives & Parliamentarians
to act quickly to avoid deeper recession
before it is too late.
 22
Book Statistics:
‚ 296 pages in full color. 16 Chapters.
‚ Hard case bound, with dust cover.
‚ Printed on high quality Art paper.
‚ Weighs 630 gms without Ready to Mail box. With Box 700 gms.
‚ It comes in two packing - normal hard case bound, polypack
sealed to avoid damage. Booksellers are encouraged to keep a
few copies open for preview by the prospective buyers.
‚ It also comes packed in white corrugated carton box pre-
printed with the mailing details. Just paste the label and mail it.
There is no extra charge for this wonderful utility packing.
‚ Priced US$ 59.95 or HK$ 465. USD is a base price. Other prices
may vary due to exchange rates.
 23
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respect to the Hong Kong people, it was decided to give
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Cheques also acceptable subject to final payment
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free gift till the stock lasts
 24
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 25
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H ong Kong 21, Lam K ing Street, K ow loon Bay,
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Conta ct th e A uthor (page 22)
 About the A uthor:
Anil Selarka, a British author from Hong Kong, armed with 40 years of
combined financial experience as a former banker,
stock broker and bond trader, penned this
remarkable book that provides comprehensive
solution for the US and global credit crisis. He is also
known as Kalidas. Visit his famous blog site
http://anilselarka.com (Financial Wisdom of Kalidas)

He holds degrees in Science, Law, Banking and Cost

Accountancy (Inter). He specialized in US equities, options, bonds, euro
bonds, Asian and European convertible bonds, Hong Kong stocks,
Indian equities, ADR, GDR and arbitrage. He is a pragmatist, problem
solver and critical solution provider in most challenging situations.