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The Monetary Mess in India

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The Monetary Mess in India

 

Indian Rupee : USDINR

IndiaRup_zpsa1qenrgi.gif

 

India 10-yr. Rate ... update

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Indian Stock market : BSE-100 Index

BSE-100index_zps5dutoinp.gif

 

Data : http://www.tradingeconomics.com/india/stock-market

 

India - A Lot Of Pain For No Gain

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Who needs reality when we can exist in illusions?

. . .

Modi’s interest was to increase tax collection, for the sake of tax collection, an approach in which rulers start to see themselves as all that matters, where citizens come to be seen as mere cogs in the service of the state.

In Modi’s imagination, if you are not a part of the formal economy — as is the case with the vast majority of desperately poor Indians, perhaps close to a billion people — you don’t count. As they are not recorded as part of the formal economy, their pain and suffering does not count either. Indeed most of their suffering and pain goes unseen and unheard — it has for the last two millennia.

The Indian stock market continues to fall, despite the fact that people know that selling their shares makes no sense, as their cash in the bank is effectively frozen. Could the stock market fall even more if bank accounts were to be unfrozen? Could the Indian rupee then fall as well, unless serious capital controls are instituted and gold-buying is restricted?

It is hard to predict the future, but those owning Indian assets from which money can still be repatriated will likely soon start to discover that India’s stock market and the rupee are possibly overvalued. Could an exodus start once money managers in New York and London start arriving at their desks at the start of the new year, after sobriety kicks in with the end of socialization and partying?

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Demonetization and You...the cashless biometric control grid.

 

" Every single thing that you do, everywhere you go, everyone you interact with, being tracked and controlled and data based and surveilled by a central government authority.......this is very soon coming to a country near you "...

 

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Europe Proposes "Restrictions On Payments In Cash"

 

Having discontinued its production of EUR500 banknotes, it appears Europe is charging towards the utopian dream of a cashless society. Just days after Davos' elites discussed why the world needs to "get rid of currency," the European Commission has introduced a proposal enforcing "restrictions on payments in cash."

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