India is taking a giant step towards Orwellian anti-humanism with its “War on Cash.” Some people with a more religious perspective might say that India is helping usher in a Beast system.
The instigator is Prime Minister Narendra Modi, a Hindu extremist with a hat fetish.
Citing the bogus need to crack down on corruption, and to increase efficiency, India is steadily criminalizing the use of cash, beginning with larger denominations.
Here is a quote from the Dollar Vigilante:
“Prime Minister of India, Narendra Modi – beloved of Western elites for a variety of reasons – has just announced that all 500 Indian rupee Notes ($7.50) and 1,000 Indian rupee ($15) notes will no longer be considered legal tender. The 500 and 1,000 rupee, by the way, are the two largest denominations in India. Equivalent to the US banning the $100 and $50.”
“We’ve covered the cash-confiscation trend in the past. It’s just one more brick in the wall of rising fascist barriers against free utilization of currency. In Europe, the 500 euro note is to be discontinued by the end of 2018, for instance.”
Here is more from the Mises Institute:
“However, the rupee ban has managed only to create chaos and desperation for millions of Indian citizens. They were left with no money to buy basic amenities, and saw their dearly earned savings being wiped out overnight. They queued in front of the banks and rushed to their ATMs, scrambling to exchange the worthless banknotes in the brief window of opportunity provided. Both banks and ATMs ran out of money, as India’s printing presses rushed to keep up by printing new lower-denomination currency.”
In a better world, moving towards complexity and flexibility, ordinary people enjoy more monetary choices and not fewer. Economic resilience requires a multiplicity of currencies.
In a better world, monetary regimes (such as the Fed and the ECB) would be fractured, as they operate above the state, beyond accountability.
Ordinary people have been able to use cash since the dawn of civilization. It now seems part and parcel of civilization itself.
Arguably, criminalizing the use of cash represents a gross violation of human rights. Those who advance this agenda should be held accountable.
In another news report, India’s Prime Minister Modi recognizes that this anti-cash agenda is a problem but has not backed off.
“Mr Modi begged Indians to endure the pain until the year’s end, telling them he would ‘accept any punishment’ from them otherwise.
‘Give me time till December 30,’ Mr Modi said.
‘If you find any shortcomings, mistakes or any wrong intention on my part, I will be ready to face any punishment from you.’”
Really? What would be a fitting punishment for the present chaos and intent to usher in monetary tyranny?
Is Modi referring to electoral defeat, jail time, or a firing squad?
Here is 7 minute video on the topic from Lift the Veil: