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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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To: butlerweave
[Obama wants the World on “Obama Credits”?]

Maybe it wasn't a coincidence that the day after he was elected, his home state Pick 3 (evening) was 666. Some have misunderstood this to be November 4, allowing the liberals at Snopes to set up a straw man argument about that election and this.

http://www.illinoislottery.com/en-us/Winning/Winning_Number_Search/winning-number-search-game.html

11/05/2008 Evening Pick 3 6-6-6


41 posted on 01/02/2017 8:14:00 PM PST by SaveFerris (Hebrews 13:2 Do not forget to entertain strangers, for ... some have unwittingly entertained angels)
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To: oblomov
"That is against US tax law."

Trust me on this one.
If the FedGov tried to nullify circulating currency,
tax law is the last thing anyone is going to be concerned with.

(And FWIW I am extremely well acquainted with current withholding regs.)

42 posted on 01/02/2017 8:20:03 PM PST by shibumi (Cover it with gas and set it on fire.)
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To: july4thfreedomfoundation

It will come (at first) in the form of systems that can support it. I do not necessarily think that all systems were or are being engineered with this in mind; but it will have the resulting effect.

I read about this system in the very, very late 1990’s. I saw this commercial in 2007. And we’re 9+ years past that.

Eventually, we’ll say goodbye to cashiers in a lot of stores and even self-checkout. This is worth 1 minute of your time (1:01 IIRC).


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

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


How we get there, exactly, I do not know. But I do know, ALL of Bible Prophecy shall be fulfilled. I pray for President Trump to learn of such things and make the best decisions he can starting January 20 going forward.


43 posted on 01/02/2017 8:24:45 PM PST by SaveFerris (Hebrews 13:2 Do not forget to entertain strangers, for ... some have unwittingly entertained angels)
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To: SkyPilot; 444Flyer; Lera; matt04

Oops, my secondary ping failed


44 posted on 01/02/2017 8:35:34 PM PST by SaveFerris (Hebrews 13:2 Do not forget to entertain strangers, for ... some have unwittingly entertained angels)
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To: odawg

China is trying to set up a currency regime that competes with the US as the global reserve currency. Behind the scenes, the US has been trying to stop them, and this is a (misguided) tactic in that strategy.


45 posted on 01/02/2017 8:42:14 PM PST by oblomov (We have passed the point where "law," properly speaking, has any further application. - C. Thomas)
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To: shibumi

Agreed...


46 posted on 01/02/2017 8:43:17 PM PST by oblomov (We have passed the point where "law," properly speaking, has any further application. - C. Thomas)
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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.

I don't think it ever will, since cash enables an underground economy, and the ruling class depends on it as well.

47 posted on 01/02/2017 8:59:58 PM PST by Vince Ferrer
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To: oblomov

Gold is the currency of freedom - easily transportable, rare, easily stored, can’t be printed or created, nearly uncontrollable by governments, and an ultimate check on governments’ stupid/ruinous economic policies.


48 posted on 01/02/2017 9:05:16 PM PST by PGR88
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To: PGR88

I agree. I also have silver, Platinum, and Palladium in my save haven portfolio.

And some bitcoin, but much more PMs than BTC.


49 posted on 01/02/2017 9:30:51 PM PST by oblomov (We have passed the point where "law," properly speaking, has any further application. - C. Thomas)
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To: shibumi

If you do zero withholding then you have to pay estimated taxes quarterly and you must have paid in no less than 90% of what you owe at the end of the year.


50 posted on 01/02/2017 10:25:57 PM PST by arthurus
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To: RossA; fieldmarshaldj; GOPsterinMA; NFHale; stephenjohnbanker; Clintonfatigued

There would be blood in the streets if this insanity was attempted here.


51 posted on 01/02/2017 10:40:50 PM PST by Impy (Toni Preckwinkle for Ambassador to the Sun)
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To: arthurus

I’ve been self-employed for over half of my working life.
I’m well aware.


52 posted on 01/02/2017 11:51:37 PM PST by shibumi (Cover it with gas and set it on fire.)
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To: RedWulf
Talk about a transplant attempt to give the US full control over India’s monetary system.

"My name is Apu. How may I help you?"

53 posted on 01/03/2017 2:23:54 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: C210N

This was CONVERTABLE to REAL money.


54 posted on 01/03/2017 2:25:17 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: oblomov
I also have silver, Platinum, and Palladium in my save haven portfolio.

Paper?

Have you no chunks of metal to hold in your hand?

55 posted on 01/03/2017 2:28:46 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Elsie

“Could you transfer me to Peggy?”

https://youtu.be/F8L2cI8brzQ


56 posted on 01/03/2017 2:31:03 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Elsie

My safe haven portfolio is physical PMs.

I do have some royalty gold company shares, but those are stock trades, not gold per se.


57 posted on 01/03/2017 2:40:19 AM PST by oblomov (We have passed the point where "law," properly speaking, has any further application. - C. Thomas)
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To: oblomov

Bookmark.


58 posted on 01/03/2017 3:09:06 AM PST by SunTzuWu
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To: Elsie

59 posted on 01/03/2017 3:25:09 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: RossA

Not rubles comrade. Read my tagline.


60 posted on 01/03/2017 4:04:35 AM PST by Former Proud Canadian (Gold and Silver are real money. Everything else is a derivative)
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