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TOPIC: RED ALERT: Is INDIA's War On Cash Part of A GLOBAL Central Banking Experiment?

RED ALERT: Is INDIA's War On Cash Part of A GLOBAL Central Banking Experiment? 25 Nov 2016 23:57 #1

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RED ALERT: Is INDIA's War On Cash Part of A GLOBAL Central Banking Experiment?

Published on November 20, 2016
Featured in: Banking & Finance, India

DK Matai
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Chairman: Q-BRAIN Capital, QiLabs.net, Quantum Diamond Spintronics, Tri Gold Swan, ATCA 5000, mi2g.net, Philanthropia

1. A nation of 1.3 billion people has been blind sided and immobilised by the most shocking financial experiment in modern history announced on 8th November 2016, the same date as the United States presidential elections, which was probably not a coincidence because the entire world was watching events in the US.

2. India is a country, with the 7th largest global economy according to the International Monetary Fund (IMF), the central bankers' bank.

3. In her economic size, India lies just behind the United Kingdom and France and ahead of Italy and Brazil, where 90% of the transactions are still carried out in cash. She has had 86% of all notes in circulation in denominations of Rs 500 (USD 7.5) and Rs 1000 (USD 15) phased out with immediate effect. In other words, that paper money has been nullified.

4. Prime Minister Narendra Modi has not consulted parliament before proceeding with this most radical measure presented as a mechanism to curb terrorism and the black economy, which refers to untaxed cash, transactions and financial assets. Whilst the Indian PM may not have informed his parliament, he appears to have certainly been influenced by the leading central bankers of the world to adopt this very extreme and rapid change towards a cashless and digital economy in which every person's every movement becomes totally transparent.

5. Out of all cash transactions, 90% of those are legitimate and form part of the white economy, ie, the taxed economy. Why? Only 6% of black money resides in cash in India and the rest is in properties, gold bullion, stocks, bonds and foreign bank accounts in exotic locations such as Switzerland, Singapore and other offshore tax havens. Many top economists from the West argue that this will grind the vast Indian economy to a halt without necessarily tackling the malaise of black money and untaxed assets as well as giving a heart-attack to the entirety of the Indian sub-continent's industrial supply chain and just-in-time delivery systems.

6. The new money consisting of brand new Rs 500 (USD 7.5) and Rs 2000 (USD 30) notes -- announced by the Indian government -- is not readily available, trillions of which still need to be printed and the present ATM machines are not able to dispense them without recalibration. If something is not done soon, there won't be any ATM machines left to recalibrate if tempers rage.

7. This period of pain that Indians are now going through, most notably by standing in long bank queues to convert old currency into new, is supposed to be good and patriotic according to the Indian government officials. The Indian citizens are told that they are to imagine that they are like soldiers defending the borders of India from enemy attack. More than 55 Indians have already died in those bank queues and the severing of food supply chains may yet cause many multiples more of Indian lives to be lost.

8. What if India is part of a global central banking experiment to understand what happens when other major economies like the United States, the European Union, China and Japan are subjected to a totally cashless world as soon as the next global financial crisis when all transactions are totally digitised and money does not exist outside the virtual realm? At this point, the banks and governments will then have total control over their citizens and all their privacy and sovereignty will be lost forever.

9. Notice, how sovereign bond yields across the world are rising, save in India, after Trump's election. This means that the over indebted economies of the world, primarily Western, are going to become unhinged very soon as the voluminous corporate junk bond market collapses followed by major falls in equity markets to compensate for the higher interest rates, which will stifle growth, make the dollar stronger in the short term, and usher in global recession with possible double digit inflation.

10. As the next financial crisis arrives, in late 2016 or early 2017, much bigger than 1998 which involved Long Term Capital Management (LTCM) and 2008 with Lehman Brothers, it is entirely plausible that as the world liquidity crisis arrives, the trillions of currency units that will need to be printed to bail out all the indebted nation states, derivatives markets and other financial credit instruments, will be printed as Sovereign Drawing Rights (SDRs) of the IMF because faith in the fiat currencies and their connection with sovereign bonds may have totally broken by then.

11. When that happens all currencies, including the US dollar, will become localised to the domestic market and will be internationally convertible only via IMF SDR's reference unit which may be christened "Global Currency Unit" or "GCU". Given that China's currency as of 1st October 2016 is part of the SDR, this means China will be an integral part of the bailout of the hugely indebted nation states. This will be an unprecedented development that will concern every country in the world.

12. The cash in the bank, and assets at stock markets, and everything could be frozen in this cashless new world as everything is redenominated in SDRs, thereby heralding the demise of the individual top currencies including the US Dollar, Euro, Japanese Yen, Pound Sterling and Chinese Yuan. Perhaps the Indian Rupee will at that point also be just denominated in SDRs.

13. It's an assumption, as yet unconfirmed that the single global currency -- the IMF's Special Drawing Rights (SDRs) -- may lead the way to our Brave New Cashless Digital World. In the meantime, the countries will continue with their beloved fiat currencies, but all new versions would be devalued and tied to the SDR.

Key Question: Is The World Ready for an all digital "Global Currency Unit" accessed only via the virtual world?

[ENDS]

What are your thoughts, observations and views?

Watch Video

What's wrong with #India's #DeMonetisation?

ex-PM Dr Manmohan Singh tells Parliament



Looking for more https://www.linkedin.com/pulse/red-alert-indias-war-cash-part-global-central-banking-dk-matai
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Last Edit: 25 Nov 2016 23:58 by novum.
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RED ALERT: Is INDIA's War On Cash Part of A GLOBAL Central Banking Experiment? 26 Nov 2016 00:06 #2

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Whatever happened to Hadabusa? He was big on SDRs
To understand who rules over you look to whom you tube can't criticise

The media isn't there to cover the news
It's there to cover the news up

All establishment lies pass through three stages
First, they are accepted as being self evident
Second, they are exposed by diligent research
Third, they are enforced

"Communism is the bloodiest, most difficult and the most terrible way from capitalism to capitalism" from Under the Sign of the Scorpion by Juri Lina
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RED ALERT: Is INDIA's War On Cash Part of A GLOBAL Central Banking Experiment? 26 Nov 2016 00:26 #3

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Hadabusa was on SZ and wanted to go inactive... thats the last i heard from him.
He who is without oil shall throw the first rod.
- Compressions 13.3:1
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RED ALERT: Is INDIA's War On Cash Part of A GLOBAL Central Banking Experiment? 02 Feb 2017 13:18 #4

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The impact was high in India, but it isn't only there, in many country's they eliminate big banknotes, and limit cash payments.
It is a worldwide move to a cashless society. Its going step by step first reason is crime, next reason is terror

This man knows, Martin Armstrong
www.armstrongeconomics.com/world-news/taxes/europes-latest-steps-to-eliminate-cash-post-davos/

Within days of Davos, here is the European Commission statement on moving forward to eliminate cash. This is an “Inception Impact Statement” to provide notice to those involved and to ask for comments back. Everything is couched in terms of terrorism, but in fact it is to hunt taxes and eliminate our freedom to privacy regarding our own wealth....

This man is telling this even before india made the move .


2092796
Blog/Economics
Posted Jan 26, 2017 by Martin Armstrong
Stiglitz_Joseph
Columbia University Economist Joseph Stiglitz says that the United States should phase out currency and move towards a digital economy. All of these people advocating such policies are ignorant of the real world and advocate total government control. Stiglitz told the World Economic Forum that there are “benefits that outweigh the cost.” He hailed India for eliminating 86% of all currency. This is the only way they see to force socialism down everyone’s throats. Instead of looking at why the system is failing, they want more power to create absolute control like a communist state.
While the communist model was that government owned everything, the new model allows private ownership, but they will simply seize whatever they desire. We retain title, but they retain the right to say how much can you keep.
www.armstrongeconomics.com/world-news/taxes/eliminating-currency-communism/
Last Edit: 02 Feb 2017 13:29 by Dance99Vv.
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RED ALERT: Is INDIA's War On Cash Part of A GLOBAL Central Banking Experiment? 02 Feb 2017 13:29 #5

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Isn't freedom to privacy regarding personal wealth how the biggest criminals amass the majority of their crooked gains? If your wealth comes from honest endeavour, why would you want to hide how much you've earned?
Last Edit: 02 Feb 2017 13:31 by ragnarok.
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RED ALERT: Is INDIA's War On Cash Part of A GLOBAL Central Banking Experiment? 02 Feb 2017 13:32 #6

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ragnarok wrote:
Isn't freedom to privacy regarding personal wealth how the biggest criminals amass the majority of their crooked gains?

What crimminals? thieves or goverment ?
Look at Romania :larf:
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RED ALERT: Is INDIA's War On Cash Part of A GLOBAL Central Banking Experiment? 02 Feb 2017 13:39 #7

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[quote="ragnarok" post=249197 If your wealth comes from honest endeavour, why would you want to hide how much you've earned?[/quote]

Taxes, look what happend in France.
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RED ALERT: Is INDIA's War On Cash Part of A GLOBAL Central Banking Experiment? 02 Feb 2017 16:14 #8

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If you believe your govt is so corrupt you can't even trust them to tax you fairly, why would you even want to live there?
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