Posted on 12/02/2016 4:43:38 PM PST by Lorianne
India's demonetization campaign is not going as expected.
Overnight, banks played down expectations of a dramatic improvement in currency availability, raising the prospect of queues lengthening as salaries get paid and people look to withdraw money from their accounts the Economic Times reported.
While much of India has become habituated to the sight of people lining up at banks and cash dispensers since the November 8 demonetisation announcement, bank officials said the message from the Reserve Bank of India is that supplies may not get any easier in the near future and that they should push digital transactions. “We had sought a hearing with RBI as we were not allocated enough cash, but we were told that rationing of cash may continue for some time,” said a banker who was present at one of several meetings with central bank officials.
(Excerpt) Read more at zerohedge.com ...
First the move from real money to fiat money. Now they want to go to virtual money. This after they banned or tried to ban gold sales to citizens.
This is the template for the globalists, but it may not end the way they want.
Coming here.
They dont want you to save, they will charge you negative interest rates.
They dont want you to have untraceable transactions.
They want to be able to completely cut you off from your funds if they want to.
no page
It's diverse. It's part of the Hindu tradition.
link doesn’t work
They have newer larger demoninations.
India seems to have got hold of a really bad idea.
Sorry people, I do not know why but whenever I post a link from Zero Hedge it never leads to the article. This is a fairly recent thing (last several weeks).
India is combating a flood of counterfeit money from Pakistan.
This is a trial balloon to see how depositors react to non-monitized electronic currency controlled by bankers and the government.
Notice that the RIGHTS and ABILITY to tender into legitimate currency is being curtailed and controlled by government.
It was government that made the decision to go all electronic, even though hackers hare known to hack into accounts.
It is a matter of time before the electronic firewall is broken through, and the depositor holds only old deposit stubs.
There is no current effective security to electronic funds.
This is a "fools errand", especially in a country that just banned the purchase of gold by individuals.
Well,see govt can raid you funds and blame it on a hacker. Or the bank. Or they can open the door for a ‘trusted hacker’ to have access to your account. So many ways this can happen.
The Indians own more gold as jewelry per capita than any country in the world.
Reap the whirlwind you statist, control freak, government bastards. To all of the great Indians out there, fight this usurpation of your liberty and your lives depended on it because your lives do depend on it. The same impulses that are leading your government to take your economic liberties are the same ones that led the Khmer Rouge in Cambodia to kill millions of their fellow citizens and families.
As much as you rightly hated your colonial English masters in the 20th century, even those Limey bastards did not go so far to make you slaves.
“This is the template for the globalists, but it may not end the way they want:”
I guarantee that this is not going to end the way that the globalists want because it is going to end up with globalists hanging from trees.
Indeed. Every time I search or purchase on the Internet, I receive a bunch of popup ads of things I was looking for or purchasing. And get lots of spam email ads.
I try to buy from physical stores using cash as much as I can, because I enjoy the anonymity of it. I don't like being tracked in a database according to what I buy.
“I’m hoping for cannibalism in India. It’s diverse. It’s part of the Hindu tradition.” - Jack Black
Florida Newspaper’s Front Page Account of Aghora Hindus and India Shocks Asian Community
Hindu Press International, June 5, 2003
Source
http://tampatrib.com/nationworldnews/MGAXM6OXFGD.html
TAMPA, U.S.A., June 2, 2003: A rather astounding article appeared in the Florida Tampa Tribune of June 2 supposedly on the Aghoris, a radical group of sadhus living beyond the norms of society, but really about one crazy American, Gary Stevenson, claiming to their reporter (George Coryell) that he was an Aghori. The reporter considered the American insane, and indeed the fellow is now in a psychiatric institute in India. You’ll have to go to “source” to read the article, as it is too disgusting to quote at any length. For example, “Cannibalism, Yon said, was taken as a part of Indian culture.” Among its assertions is that tourists in India may be kidnapped, sacrificed and eaten by Aghoris.
The Hindu and Asian community in Tampa were shocked at the newspaper’s gross misrepresentation and opprobrious information regarding Hinduism and India. Over 50 Hindu, Jain and professional organizations with members from Asia signed the following response: “We the Hindu and Indian-American community of Tampa Bay numbering well over 10,000 and represented by the undersigned organizations is deeply hurt and offended by the subject article and its portrayal of Hinduism and India. The article has done gross injustice to the Hindus, India and offended their sensibilities. Hinduism, the world’s third largest but oldest practiced religion by well over 850 million, and with history well over 5,000 year old, is known for nonviolence, vegetarianism, love, compassion and peace. To portray and defame Hindu Gods and Goddesses and the entire religion with cannibalism because of stories collected by a writer in search of a book of sensational stories to write, with selfish motive for personal gain, displays personal biases and lack of quality journalism.”
The response goes on to make these points about the article:
“[It is] Attempted defamation of Hinduism by portraying Hindus and their gods with acts of certain deviant individuals. The Aghoris do not constitute even a measurable fraction of the main stream Hindus 850 million worldwide. This is akin to equating Catholicism and Christianity with child molestation, suicidal acts, violence, and such, due to the acts of certain deviant individuals such as Charles Mansion, Jim Jones, David Kuresh and a few Catholic priests.
“Attempt to malign India and her people as a place where foreigners disappear. Thus attempt to cause financial harm to India by reducing tourism to India. In our numerous travels to India we have not encountered posters showing pictures of lost foreigners, if any. There are no advisories by any governmental agency against travel to India due to any loss of foreigners.
“Did not consider the sensibilities of the Hindu and Indian-American population or show a modicum of respect that Tampa Tribune shows for other religions and communities.”
This article comes from Hinduism Today Magazine
http://www.hinduismtoday.com
The URL for this story is:
http://www.hinduismtoday.com/modules/xnews/article.php?storyid=2980
“Coming here....”
What a coincidence that the note ban in India was announced/went into effect on election day in the U.S. Will Trump “drain the swamp” in similar fashion?
India has had severe riots over the price of onions before.
I predict riots
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.