Economics and Investing:

Cash Crisis in India, ATMs Running Dry

JWR’s Comment: Currency “reforms” like these are all about control of the populace and tax revenue. Governments want full transparency of all private transactions—and thus the ability to tax everything.

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2 Responses to Economics and Investing:

  1. Michelle from Canada says:

    Cash Crisis in India, ATMs Running Dry

    Yes the government is only to happy to be despoiling the people of the fruit of their labour. There is a war on cash, and India is simply one of the first victim of this long macerated plan. We have the opportunity to see this unfold before our eyes. Let’s pay attention.

    The Government of India certainly hope to find money to stuff it’s own pockets in this operation otherwise they would not bother with this. . They intend to remove cash period. That is a political move. India is used as guinea pig, or lab rat, what ever you prefer to call it. They will test the resistance of the people, and report on the experiment. From there they will decide on the next step.

    They are starting the test run on the cashless society. You say that can’t be, because there is still cash in India. They chose the step by step, method.

  2. Michelle from Canada says:

    Hello, James and Hugh,
    This article was found on zerohedge.com

    India’s Modi Admits Plan Shifting Nation To “Cashless Society”

    I was right. They are doing test runs in India for a Cashless Society. It is not a motive to rejoice considering the implications.

    Michelle, from Canada

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