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

31 Jan

Source – norberthaering.de

– “…If you have the power to bankrupt the largest banks even of large countries, you have power over their governments, too. This power through dominance over the financial system and the associated data is already there. The less cash there is in use, the more extensive and secure it is, as the use of cash is a major avenue for evading this power”:
This is something to contemplate!

RIELPOLITIK

Source – norberthaering.de

“…If you have the power to bankrupt the largest banks even of large countries, you have power over their governments, too. This power through dominance over the financial system and the associated data is already there. The less cash there is in use, the more extensive and secure it is, as the use of cash is a major avenue for evading this power”:

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

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…

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2 Responses to “VOODOO ECONOMICS: A well-kept open secret, Washington is behind India’s brutal experiment of abolishing most cash”

  1. auntyuta January 31, 2017 at 4:09 pm #

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

    This is a link to the above article:

    http://norberthaering.de/en/home/27-german/news/745-washington-s-role-in-india#weiterlesen

    It says in this article that those who suffered the most were the poorest and most vulnerable!

    ” . . . . 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.
    . . . . .”

    And here is what the Norbert Haering website is all about:

    http://norberthaering.de/en/about

    “Welcome on the website of Norbert Häring. It offers you comment and analysis from angles, which you will usually not find in the mainstream media. My focus is on monetary issues, because the consequences of the fact that we live in a monetary economy are particularly badly understood or ignored and are often misrepresented in textbooks and popular economic texts. Therefore, misunderstandings of the process by which money is created and destroyed and the pitfalls of this process abound. Those who fall victim too such misunderstanding cannot understand or deal with or prevent financial crises.”

  2. stuartbramhall February 1, 2017 at 5:47 am #

    I, too, was really concerned on reading this article, Aunty. It should be shared widely.

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