On 8 November, Narendra Modi, the Indian Prime Minister, brutally declared all 500 (US$ 7) and 1,000 rupee-notes invalid, unless exchanged or deposited in a bank or post office account until 31 December 2016. After this date, all unexchanged ‘old’ money is invalid – lost. Barely half of Indians have bank accounts.
The Nordic countries, Sweden, Denmark, Finland, are moving rapidly towards cashless societies. Electronic money, instead of cash, allows the hegemon to control the entire western world, all those who are enslaved to the dollar monetary system. Meaning literally everybody outside the Shanghai Cooperation Organization (SCO) that includes, China, Russia, most of Central Asia, Iran, Pakistan and – yes, India is an apparent candidate to join the SCO alliance.
What an outright heap of bovine manure!
Those who are supporting the Catalyst idea in India – and presumably elsewhere in the world, are, as per an USAID Beyond-Cash report, more than 35 Indian, American and international organizations (http://cashlesscatalyst.org/), mostly IT and payment service providers, including the Better Than Cash Alliance, the Gates Foundation (Microsoft), Omidyar Network (eBay), the Dell Foundation Mastercard, Visa, Metlife Foundation. All of them want to make money from digital payments – another transfer from the poor to the rich – another catalyst for widening the rich-poor gab – worldwide.
Mr. Raghuram Rajan is an influential but also highly controversial figure. He is also a member of the so-called Group of Thirty, “a rather shady organization, where high ranking representatives of the world’s major commercial financial institutions share their thoughts and plans with the presidents of the most important central banks, behind closed doors and with no minutes taken. It becomes increasingly clear that the Group of Thirty is one of the major coordination centers of the worldwide war on cash. Its membership includes other key warriors like Rogoff, Larry Summers and others” (N.Häring, 1.1.2017). On the other hand, Rajan is extremely disliked by the Indian business society, mostly because of his tight monetary policy as head of the Indian Central Bank (go figure!). Under pressure, he did not renew his term as India’s central bank governor in 2016.
The Group of Thirty sounds akin to the highly secretive Board of Directors of the infamous Basle-based BIS (Bank for International Settlement), also considered the central bank of all central banks, which meets once a month in secret (during a weekend for lesser visibility) and no minutes taken. The BIS is a Rothschild controlled private bank, close associate of the FED, also privately owned. It is clear, with the FED, BIS and IMF in connivance, the dice are cast for a cashless (western) society.
Washington’s interest in a cashless society goes far beyond the business interests of IT, credit card and other financial institutions. More importantly is the surveillance power that goes with digital payments. As with electronic communications today – every one of them read, listened to and spied on throughout the world - some 7 to 10 billion electronic messages per day – every digital payment and transfer will be controlled and checked worldwide by the Masters of the dollar-based hegemony. Every transfer will be registered and monitored by an American-Zionist control mechanism. This is the only way (totally illegal) sanctions can be dished out to governments that refuse the dictate of Washington and its western European lackeys. Cases in point are Russia, China, Iran, Cuba, Venezuela, Syria --- the list is endless. The Frankfurter Allgemeine Zeitung (FAZ) recently reported that Employees of a German manufacturing firm doing completely legal business with Iran were put on a US terror list, which meant that they were shut off most of the financial system and even some logistics companies would not transport their furniture any more.
Norbert Häring concludes, “Every internationally active bank can be blackmailed by the US government into following their orders, since revoking their license to do business in the US or in dollars, basically amounts to shutting them down. Deutsche Bank had to negotiate [in September 2016] with the US treasury for months whether they would have to pay a fine of 14 billion dollars and most likely go broke, or get away with seven billion and survive. 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.”
Back to India. It is not difficult to imagine what the implications of such a massive demonetization operation might have in a country like India, where hundreds of millions live in or near poverty, with a large rural population, where almost all transactions are carried out in cash - and where cash is everything for survival. This is death by financial strangulation.
This no-holds-barred strategy is accelerating, as time runs out. The ship is slowly but surely turning towards another dimension, another world view – one of in which humanity may gain back its status of a solidary being. These atrocities around the globe may go some ways – but I doubt they will go all the way. There is a spiritual limit on how far evil can go.