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A well-kept open secret: Washington is behind India’s brutal experiment of abolishing most cash
Money and More ^ | 01 Jan 2017 | Norbert Häring

Posted on 01/02/2017 7:10:24 PM PST by oblomov

In early November, without warning, the Indian government declared the two largest denomination bills invalid, abolishing over 80 percent of circulating cash by value. Amidst all the commotion and outrage this caused, nobody seems to have taken note of the decisive role that Washington played in this. That is surprising, as Washington's role has been disguised only very superficially.

weiterlesen

US-President Barack Obama has declared the strategic partnership with India a priority of his foreign policy. China needs to be reined in. In the context of this partnership, the US government’s development agency USAID has negotiated cooperation agreements with the Indian ministry of finance. One of these has the declared goal to push back the use of cash in favor of digital payments in India and globally.

On November 8, Indian prime minster Narendra Modi announced that the two largest denominations of banknotes could not be used for payments any more with almost immediate effect. Owners could only recoup their value by putting them into a bank account before the short grace period expired. The amount of cash that banks were allowed to pay out to individual customers was severely restricted. Almost half of Indians have no bank account and many do not even have a bank nearby. The economy is largely cash based. Thus, a severe shortage of cash ensued. Those who suffered the most were the poorest and most vulnerable. They had additional difficulty earning their meager living in the informal sector or paying for essential goods and services like food, medicine or hospitals. Chaos and fraud reigned well into December.


(Excerpt) Read more at norberthaering.de ...


TOPICS:
KEYWORDS: 666; bible; cash; india; indiacash; lastdays; money; obama; prophecy; usaid; waroncash
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Comment #21 Removed by Moderator

To: Basket_of_Deplorables
Cash money is freedom.

We've come a long way.


22 posted on 01/02/2017 7:28:41 PM PST by C210N
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To: oblomov

Clearly a test run for what the global elites want to do to save global markets, that is, destroy wealth by declaring that entire currencies no longer exist. By doing so, they will also force out the huge amount of debts countries hold against other countries. Then the One World Order will establish their own tightly-controlled currency which will allow them to control who can buy and sell just as the Bible foretold.


23 posted on 01/02/2017 7:28:53 PM PST by OrangeHoof (Get used to it - President Donald J. Trump)
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To: shibumi

That is against US tax law.

Taxes are actually owed on a quarterly basis in the US, as any business owner would know.

Employers are required to withhold from every paycheck.

Technically, if you have a big capital gain in one quarter, you should make a tax payment by the filing date for that quarter.

If you don’t do this in a single year, the IRS will let it slide. If it happens two years in a row, you could be subject to penalties.

Is this right? Hell no, but it’s been the law for many years.


24 posted on 01/02/2017 7:30:04 PM PST by oblomov (We have passed the point where "law," properly speaking, has any further application. - C. Thomas)
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To: oblomov

Obama wants the World on “Obama Credits” ? LOL


25 posted on 01/02/2017 7:33:17 PM PST by butlerweave
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To: oblomov

I knew as soon as I heard India was practising Bolshevikism that this had the Globalists written all over it !

This is what they planned for us if Hellary won. The abolishment of capitalism and freedom


26 posted on 01/02/2017 7:33:18 PM PST by WashingtonFire
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To: JustTheTruth

The author references several source documents that are in the public domain.

However, some FOIA requests could help to fill gaps in the causal chain...


27 posted on 01/02/2017 7:33:58 PM PST by oblomov (We have passed the point where "law," properly speaking, has any further application. - C. Thomas)
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To: RossA

Blockchain currencies may be the only escape.


28 posted on 01/02/2017 7:39:33 PM PST by E. Pluribus Unum (President Trump is coming, and the rule of law is coming with him.)
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To: DesertRhino
USAID is behind gay and indigenous rights campaigns throughout Central and South America.

It's caused great chaos and angst.

29 posted on 01/02/2017 7:44:40 PM PST by ConservativeMind ("Humane" = "Don't pen up pets or eat meat, but allow infanticides, abortion, and euthanasia.")
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To: Tilted Irish Kilt

You can also charge a slice of that money for each transaction.

Someone profits in the end.


30 posted on 01/02/2017 7:45:34 PM PST by a fool in paradise (The COM-Left is saddened by the death of the Communist dictator Fidel Castro. No surprise there.)
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To: BRL; RushIsMyTeddyBear; metmom; CynicalBear; SkyPilot; tuffydoodle; tang-soo; righttackle44; ...

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

666. All predicted in the bible.]

Preach it, brother. I have put together a list of 3 videos (so far) all between 2-5 minutes or so, showing how a lot of new things have been coming down that will make regular cash obsolete in not that many days hence. The appeal of technology, accuracy and ease of transactions makes it all very cool-looking.

Were it not for that prophesied 666 thing - this is a repeat of videos my ping list has seen but they might not have seen this thread yet.


India - Eye Scans and Fingerprint Scans for Welfare System - entire population targeted

https://youtu.be/oeBiZGU23SY?t=2m22s

TRIIA - Bracelet downloads cash from phone - broadcasts transaction on wrist

https://www.youtube.com/watch?v=RD_hOxyn2SI

IBM RFID Commercial - The Future Market - paying without cash or checkout lines

https://www.youtube.com/watch?v=eob532iEpqk


31 posted on 01/02/2017 7:47:50 PM PST by SaveFerris (Hebrews 13:2 Do not forget to entertain strangers, for ... some have unwittingly entertained angels)
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To: RC one
If it ever comes to America, America is done for. A cashless society is not a free society. a cashless society is an enslaved society.

When cash goes freedom is gone. Make your peace, make your plans, do what ya gotta do.
32 posted on 01/02/2017 7:48:41 PM PST by Garth Tater (What's mine is mine.)
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To: RC one

Oh, it’s coming to America. Bank on it (yes pun intended).


33 posted on 01/02/2017 7:50:55 PM PST by SaveFerris (Hebrews 13:2 Do not forget to entertain strangers, for ... some have unwittingly entertained angels)
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To: Basket_of_Deplorables
Nice. I like it.

Stopped my direct deposit years ago. I'll cash my check thank you very much. Deposit only what I need if I want to debit or check a payment. Other than that, give me my cash. Nunya what I does with it.

34 posted on 01/02/2017 7:51:22 PM PST by Kudsman (Trump or bust 2016!)
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To: oblomov

I thought Obama was against the US interfering in other countries business, colonialism and all that. Guess I was wrong.


35 posted on 01/02/2017 7:56:20 PM PST by Inyo-Mono
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To: oblomov

Did not help at all.


36 posted on 01/02/2017 8:01:37 PM PST by odawg
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To: Basket_of_Deplorables

I miss the $1000 and $500 bills. Boy, that was a different America back then.

Of course, now, I miss $5 bills in my pocket....


37 posted on 01/02/2017 8:04:16 PM PST by SaveFerris (Hebrews 13:2 Do not forget to entertain strangers, for ... some have unwittingly entertained angels)
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To: ConservativeMind

[ It’s caused great chaos and angst. ]

Hey, just like the Obama pResidency!


38 posted on 01/02/2017 8:05:40 PM PST by SaveFerris (Hebrews 13:2 Do not forget to entertain strangers, for ... some have unwittingly entertained angels)
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To: SaveFerris

“Oh, it’s coming to America. Bank on it.”
____________________________________________

Do you think President Trump is on board with this?
I would be stunned if he agrees to this tyranny.


39 posted on 01/02/2017 8:07:45 PM PST by july4thfreedomfoundation (November 8, 2016..... Donald Trump schlongs Hillary Clinton. 306 Electoral Votes)
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To: oblomov

Last hurricane I experienced there was no power for 3 weeks. But I did have cash.

This is a bad idea and should be stopped.


40 posted on 01/02/2017 8:11:55 PM PST by buffaloguy
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