I just caught this on Armstrong Economics, one of my favorite websites. Here is yesterday’s rather frightening headline: India Outlawing Cash Altogether in 75 Cities. Wow! I’ve written about the push toward a cashless society in the USA, here and here and it’s gonna get worse. But it was just last November when India banned the 500 and 1,000 rupee notes ($7.50 & $15.00 values) almost overnight. Now they are outlawing all cash in 75 cities! Ninety-eight percent of all consumer transactions are in India are cash, so it was quite a blow to all businesses. Prime Minister Modi said it was designed to fight against corruption and money laundering. It’s always for our own good, especially if they can conflate it to be for “the children” or animals or some perceived victim group, but it’s never really those reasons at all. It’s all about control.
I do not want the government -you know the one that records and stores all of our emails and phone calls, etc., (google Utah data center) tracking where and how I spend my money.
Banning cash is a way to track & tax your every move: what you spend your money on, where you go, etc., and making judgments about it all. This will not stop since they cannot and will never cut their wasteful spending.
According to CNN Money, India’s economy had been thriving. Its recent 7.3% growth rate was the best of any major global economy. After demonetization, that may no longer be the case.
Prime Minister Modi is being cheered behind the curtain and every government is keenly watching the results (as they rub their greasy palms together). The townships were actually selected on the basis of a recommendation by none other than Price Waterhouse Coopers (PWC) furthering the G20 agenda to stamp out tax evasion worldwide. The old G8, an international forum (The Group of Eight) sought to address major industrial economies, whereas the G20 has a wider scope (think global governance and control). In 2014 Obama dominated the G20 Summit and made climate change the top agenda item. I know the ‘science is settled’, but many believe climate change is nothing but a massive, global scheme to redistribute wealth by over burdensome taxation and destroying capitalism while they are at it -like they did to coal in America.
Aloha, Mikie ~just a blogger (fightin’ like a girl)
~Psst, tired of politics? Check out Travel in the Categories drop down menu (right side panel) for my blogs posted from interesting locations during my travel adventures.