Washington is behind India’s brutal experiment of abolishing most cash

Introduction

It has long been thought that a cashless society was one of the prime objectives of the New World Order. If only because it gives the authorities greater scope for surveillance and control.
Without cash transactions the ability to acquire essential items is restricted to those who have bank accounts. So a bank account becomes indispensable in modern society — thereby enabling the authorities to monitor each individual’s transactions and, to some extent, their movements too.
All of which recalls Biblical warnings about the Mark of the Beast: wherein the Book of Revelations foretold of a time when everyone would be required to bear a mark — or number — without which they could not buy or sell.
This may soon become a part of modern life. In fact it is already taking shape in India where a preliminary trial run for what could become a cashless society is underway. Ed.

 

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

Norbert Häring — norbertharing.de Jan 1, 2017

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.

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 at year end, which many people and businesses did not manage to do, due to long lines in front of banks. 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.

Four weeks earlier

Continues ….

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s