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Indian Prime Minister/ Government is now a pawn of United States Government

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posted on Jan, 22 2017 @ 02:53 PM
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Well, if it wasn't obvious enough before, it is now.

So to give some background info about this topic, Indian prime minister announced this so called demonetization on November 8th without consulting anyone from the ministry or without informing anyone. This move cancelled 85% of currency that was in use in Indian Economy.

Who knew? Modi's black money move kept a closely guarded secret

The prime minister at that time claimed that this is going to be an attack on Black economy, Terrorism, Fake currency etc.
This move killed 150+ people in India as the move was sudden and no infrastructure was created to support this move. This move also killed economic progress and destroyed many small businesses. Links here




Opposition on Thursday accused the government of "shameless conduct" by refusing to mourn the death of over 100 persons due to hardships caused by demonetization, as opposition and treasury benches clashed in Rajya Sabha forcing its adjournment minutes after it met for the day.


Demonetiza tion: Government not mourning over 100 deaths due to cash-crunch, says Opposition
(This is a news from December, more people have died since then)





The International Monetary Fund said Monday that India's economy has fallen back behind its northern neighbor China. India is estimated to have grown at 6.6% in 2016 compared with China's 6.7%, according to the IMF's World Economic Outlook. The IMF has lowered its forecasts for India in the current fiscal year by 1 percentage point, mostly because of "temporary negative consumption shock" from the country's decision to ban its two largest rupee notes about two months ago.

India no longer the world's fastest-growing economy: IMF

Then this report from a german guy surfaces which gives some insight about this process.

A well-kept open secret: Washington is behind India’s brutal experiment of abolishing most cash




Not even four weeks before this assault on Indians, USAID had announced the establishment of „Catalyst: Inclusive Cashless Payment Partnership“, with the goal of effecting a quantum leap in cashless payment in India. The press statement of October 14 says that Catalyst “marks the next phase of partnership between USAID and Ministry of Finance to facilitate universal financial inclusion”. The statement does not show up in the list of press statements on the website of USAID (anymore?). Not even filtering statements with the word “India” would bring it up. To find it, you seem to have to know it exists, or stumble upon it in a web search. Indeed, this and other statements, which seemed rather boring before, have become a lot more interesting and revealing after November 8.





„Merchants, like consumers, are trapped in cash ecosystems, which inhibits their interest” in digital payment it said in the report. Since few traders accept digital payments, few consumers have an interest in it, and since few consumers use digital payments, few traders have an interest in it. Given that banks and payment providers charge fees for equipment to use or even just try out digital payment, a strong external impulse is needed to achieve a level of card penetration that would create mutual interest of both sides in digital payment options.


This makes us conclude that this whole thing was just a test project for the fools that were listed in this article.
The people mentioned in the above article wants to push cashless economy when most of the people don't even have access to toilets.
These people clearly don't have any idea about the ground reality but guess what, a PM should have some idea about the peoples condition right?




Why Washington is waging a global war on cash
The business interests of the US-companies that dominate the global IT business and payment systems are an important reason for the zeal of the US-government in its push to reduce cash use worldwide, but it is not the only one and might not be the most important one. Another motive is surveillance power that goes with increased use of digital payment. US-intelligence organizations and IT-companies together can survey all international payments done through banks and can monitor most of the general stream of digital data. Financial data tends to be the most important and valuable.


This India - US deal seems to be happened sometime in September
How India and U.S. Relations Affect Their Economies




President Obama met with India's Prime Minister Narendra Modi in Washington on September 30, 2014. The meeting centered around new opportunities for a better economic relationship between the two allies. Business-friendly Modi has promised to reduce protectionist policies that give domestic companies an unfair advantage. This would specifically help U.S. companies compete in the sectors of pharmaceutical, entertainment, and consumer electronics.


but you might ask how a Prime minister of a nation can risk the entire nation with some deal with the outsiders?
The reason is, he is in the leagues of Kim Jong Un. The same guy killed about 2000 people in year 2002.

a bit offtopic, but here is a link about it too.
www.bbc.com...




posted on Jan, 22 2017 @ 02:58 PM
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I think Trump is going for CO-DOMINUS with Russia...



posted on Jan, 22 2017 @ 03:07 PM
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a reply to: konig

Its not the US, its the banks which control the US ie the Rothschilds.

But I'm a little confused.

How could the Prime Minister not know of the plan to confiscate cash?

Isnt he ultimately the one who has to allow the policy?



posted on Jan, 22 2017 @ 03:08 PM
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a reply to: konig

Fascinating subject. I don't see how even developed nations will be able to move to a cashless society overnight, and in countries like India even less so.

I do think it will happen, but the black market, bartering and frequency of non-legal transactions will have to skyrocket

Thanks for putting this together and sharing it. Great thread



posted on Jan, 22 2017 @ 03:17 PM
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Don't 150 people in India die from malaria every day?

I've never been there, but I've seen videos of bodies floating in rivers that people were using for bathing and drinking. And bodies just laying in the streets.



posted on Jan, 22 2017 @ 03:21 PM
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a reply to: konig

There is one tiny factual error in your OP

India did not abolish cash, nor did it try to move to completely cashless transactions. Something more absurd happened.

On 8 November, Prime Minister Modi gave India four hours notice (who does that??) and said that 500 and 1,000 Rupee notes would be illegal. Notes could be taken to a bank and exchanged for new 1,000 and 2,000 ones. There was to be a maximum exchange of 4,500 rupee per person, the rest had to be credited into a bank account.

Here's the REALLY stupid part. They had no clue obviously about how many notes were out there, because banks ran out of new notes And that in turn has caused massive problems for the economy as there is simply not enough cash to go around. The maximum 4,500 exchange amount was quickly reduced to 2,000.

So all in all, Modi is an absolute idiot for executing the change like he did with no notice and nowhere near enough cash to back the idea up.

Here's the interesting part; More than 50% of Indians do not have a bank account. Therefore they are part of the 'Black economy' - They pay no taxes.

And

In the first 4 days of the ban, banks received three trillion rupess (44.4 billion USD) in new deposits. Putting money back in the banks will allow some pretty impressive growth because it will be able to be lent out now.
edit on 22-1-2017 by markosity1973 because: (no reason given)



posted on Jan, 22 2017 @ 03:36 PM
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a reply to: konig

I had created a thread but used this piece The Sinister Agenda Behind the Washington War On Cash
journal-neo.org...

Good to see other sources saying much the same thing . www.abovetopsecret.com...



posted on Jan, 22 2017 @ 04:06 PM
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a reply to: gladtobehere

That is another issue. There is a lack of transparency about the process that took place.
On November 7th, The newly appointed governor of Reserve Bank of India (Who is again another pawn of a biggest Corporate of India) gave a green signal to the process.
The reports have said that the prime minister didn't even consult with the finance ministry or even his cabinet.

The prime minister of India has this habit to do something dramatic without checking the consequences. Previously such things gave a successful results so he went ahead with this thing.



posted on Jan, 22 2017 @ 04:13 PM
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originally posted by: konig
a reply to: gladtobehere

The prime minister of India has this habit to do something dramatic without checking the consequences. Previously such things gave a successful results so he went ahead with this thing.



So are you saying he is the Indian version of Donald Trump then?



posted on Jan, 22 2017 @ 04:14 PM
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a reply to: watchitburn

The number that you are saying is a bit big but its true. Some people die everyday from diseases.
But in this case, the government is directly responsible for their deaths. It's their foolish action that killed that many people.

And these are just some short term deaths.
In few more days, we will be witnessing more because so many small businesses went down in this process. Farmers were not able to buy things in this peak seasons.

Only the common man got hurt in this scheme which resulted into nothing.

Here are a few reports about the claims made by the government.




New Delhi, January 17: The country's central bank has astonishingly revealed that it doesn’t know how much money was spent on printing the new currency notes. To a Right to Information query filed by BusinessLine on November 25 on the cost of printing the new ₹500 and ₹2,000 notes, the RBI said “the information sought is not available with us”.


www.thehindubusinessline.com...




Recovery of counterfeit notes was cited as one of the primary reasons for implementation of demonetisation. However, Finance Ministry has said that no recovery of fake bank notes were made from November 8 to December 30. “No counterfeit currency have been seized by agencies under CBEC (Central Board of Excise and Customs) since 8th November 2016 till 30th December 2016,” the ministry was quoted as saying by The Indian Express. Also, the ministry has no information about any seizure being made from terrorist/smugglers groups.


Demonetisation: No recovery of fake currency, no info on seizures from terror groups, smugglers, says Finance Ministry

This is just about the claims made by government while pushing this drastic move.


a reply to: markosity1973

You can say that. But I think Donald Trump is much much better than the Indian Prime Minister Narendra Modi.
Narendra Modi is responsible for deaths of over 2000 people. Atleast Donald trump hasn't killed anyone.
edit on 22-1-2017 by konig because: (no reason given)



posted on Jan, 22 2017 @ 04:27 PM
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a reply to: markosity1973

Another note to add to your post, my understanding was that the cash conversion / bank account option was open through the end of December, before the notes would be declared contraband.

It wasn't so long ago the US Government banned notes larger than $100, when we had $500, $1000, $5000, $10000 notes in circulation. My Dad remembers the government house-to-house confiscation of gold coinage.

I can see the Government's need to know about the cash supply. I can also see the average Indian citizen's income probably doesn't provide the luxury of a bank account. 1000 rupee notes are worth less than $15, so it's very reasonable that most people would keep cash notes in that denomination. Sounds like the World Bank is at it again, wanting all the cash piles in the banking system where they can control it.

ganjoa



posted on Jan, 22 2017 @ 04:51 PM
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a reply to: ganjoa
a reply to: markosity1973

Thank you for the inputs.

Yes the cash conversion option was available till 31st December.
The issue was, banks did not had the lower denomination money options available to give it to people.
No one knew about this scheme. Banks ran out of cash in just few hours for many weeks. Imagine almost a billion people lined up in front of the banks. Most people couldn't get money to even buy food.
Government asked hospitals to accept old currency, but many hospitals still denied the older currency.

In the smaller towns you will see just one bank for a population of about hundred thousand people.
To push such scheme without putting some infrastructure first is in my opinion simply fascism.

As Markosity1973 said up there



In the first 4 days of the ban, banks received three trillion rupess (44.4 billion USD) in new deposits. Putting money back in the banks will allow some pretty impressive growth because it will be able to be lent out now.


This is again will be given to the big businesses.
The businesses will again gamble with the peoples money, they will loose it, will go bankcrupt.
Again the government will try to bail them out.
The cycle will continue.



posted on Jan, 22 2017 @ 07:38 PM
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originally posted by: konig

This is again will be given to the big businesses.
The businesses will again gamble with the peoples money, they will loose it, will go bankcrupt.
Again the government will try to bail them out.
The cycle will continue.


I'm not Indian, so I am not going to pretend that I know how things work over there.

But it sounds to an uneducated foreigner that you have two economies - a regular one like everyone else and the black economy. The black market is nothing new. However when it involves 50% of the population you start to have a large problem. With a population of over 1 billion, India should be able to survive of it's internal economy and do quite well for itself.

If Modi has any clue, he will use the money that comes back into the banks to support small to medium enterprise. And maybe open some more banks. One bank in a town of 100,000 people is unheard of here in the west. Heck, there is a town with just 5,000 people just up the road from me and it has three banks.



posted on Jan, 22 2017 @ 07:43 PM
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a reply to: konig

Do you think the move was to help facilitate the move away from BRICS ?



posted on Jan, 23 2017 @ 04:41 AM
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a reply to: konig

Catalyst is nothing more than digital infrastructure so im not sure how your arriving at your claim.



posted on Jan, 23 2017 @ 04:55 AM
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a reply to: markosity1973

Four hours notice? With not enough new money to go 'round... Is this guy terminally stupid?

That's simply stupid.



posted on Jan, 23 2017 @ 05:27 AM
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originally posted by: konig
But in this case, the government is directly responsible for their deaths. It's their foolish action that killed that many people.


I think it's difficult to follow this through.

India's problem is that over 20% of GDP is tied up in the so called "black economy". Sorting out 23 billion old style 500 and 1,000 rupee bank notes still in circulation, and that prop up this informal economy, is part of resolving India's structural problems that keeps poverty embedded. If the Indian government did not act then these notes would still be in circulation well in to the future.

Yes, it's all about tax and fighting forgery, fraud and tax-avoidance. For India to develop it needs to raise taxes to build toilets (for example), and it cannot raise taxes on the trillions of rupees of cash stashed in vaults and under beds that prop up the black economy.

I think this is progress for India. Very complicated, but a necessary action that will help efforts to modernise and progress.



posted on Jan, 23 2017 @ 09:11 AM
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a reply to: konig

Thought I would post this Corbett Report on the subject



posted on Jan, 23 2017 @ 06:12 PM
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a reply to: paraphi

Even if we consider those things about the black money and black economy, a big assumption that is there is all the black money is in 'Cash', which is not true.
The amount that was projected as a black money in cash was about 5% of all of the black money.
Even that money has got converted into white as from these reports we can see,




News agency, Bloomberg, had quoted unnamed sources to report that Rs. 14.97 lakh crores or 97 per cent of the banned currency had returned to the banking system. If that is true, it would suggest that the government's abrupt demonetisation drive has failed to uncover and destroy black money.


www.ndtv.com...

Most of the money has returned in the banks.
About 95% of black economy is with the 1% population of India who keeps these things in dollars or real estate or in gold.
These 1% people are having no problems. The other 99% of the population is suffering even though they don't have any part in creating this problem.

a reply to: seagull
Indeed he is. Remember he is the guy who banned eating beef in half of the states because he considers cows holy. On the other hand, India is the highest Beef exporter in the world. Ironic Indeed.



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