THE REALITY BLOG

Thursday, October 23, 2008

Boom in the bloggers' world..



International markets are experiencing fatal financial crisis. Red glows all over the world markets starting from NASDAQ to NIKKEI. A part of the impacts of dropping share markets is felt on the food and oil prices, which have reached the levels that have never even been imagined of in the past. Name any industry and you would find it in the list of industries that possess broken statures in the economy today. Investors are not prepared to lend ears to what the Union Finance Ministry has got to say because the latter had always tried to soothe the former even when there were hard times approaching their pockets. The economic depreciation has been given a chance to engulf the nation by sparking what are known price hikes. When the cost of petrol per barrel has dipped below $80, which is the lowest value in the last 6 months, the petroleum ministry is unable to bring down the cost of a liter of petrol in India. The effect of inflation swung back to increase the magic figure of agony which reached a double figure very recently. You might be wondering what a blogger has got to do with all these misfortunes. Though these are unfortunate causes of inflation and price rise, bloggers from India are having a pleasant time under the hot sun while others are beaten by the heat. With the approaching economic crisis which started with U.S, the value of Indian currency has dropped to the record lowest value. This may indicate the signs of doomsday at India's doorstep. But, for the bloggers in India, this has brought the positive effect of inflation and weakened value of Indian Rupees against U.S.D. Now, I've earned around $700 through my blogs. A part of this amount reached my online account when the INR's value versus U.S.D was Rs.43. When I received the amount in INR, the value was Rs.47. Thus, for every American dollar, I managed to put up an excess Rs.4, which is flatly a bonus! Now, I don't know what I should do. I don't know whether I should feel bad for enjoying the happy turnover when the whole nation is suffering from critical economic crisis or feel good that I am capable of surviving the disaster called economic downfall.

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