India's Curremcy Ban – Destruction of An Economy

[Y_Participant 4591]

The death of money – amid a lack of respect for property rights – has been sudden and will very likely be catastrophic. It is a man-made disaster of gargantuan proportions. It will fundamentally change India, creating the foundations of a police state. The US and other nations are not far behind…

http://www.zerohedge.com/print/578671

[StargazerParticipant 12505]

I’d like to be in the position you’re in. I’ve got a month of canned goods (regularly rotated) and three months of freeze dried plus 80 gallons of water storage… plenty enough for a 30 day shelter in place but that’s about it.

I’d like to be sitting on a year’s worth of cash and prizes but I’m just not at that point yet. Good on you that you are.

[uchibenkeiParticipant 7965]

cash will go bye bye so negative interest rates can be forced on you.

I bathe in the tears of single moms.

[Faust For ScienceParticipant 22526]

Y_ wrote:

It will fundamentally change India, creating the foundations of a police state.

The elitists of India just arranged to directly destroy the wealth of the other 99% of the India population by fiat. This was not even a law passed by the government body, but a regulation created by an unelected committee.

The question becomes how many police officers and soldiers just got screwed as well?

India is looking to be quickly sliding towards collapse, revolt, and maybe even a coup.

[Jan SobieskiParticipant 28791]

If India collapses so goes the world.

Love is just alimony waiting to happen. Visit mgtow.com.

[Faust For ScienceParticipant 22526]

Jan Sobieski wrote:

If India collapses so goes the world.

Quite the reverse. Industry and wealth will flee India and head to other nations.

What worries me is that if India collapses India is a nuclear state.

China and Pakistan might take advantage of the situation for different reasons and goals.

Though, having over a billion people in a collapsed state is terrifying. Because the refugee situation would be a nightmare of biblical proportions.

[Jan SobieskiParticipant 28791]

World economies are intertwined. House of cards.

Love is just alimony waiting to happen. Visit mgtow.com.

[PistolPeteParticipant 27143]

Y_ wrote:

The US and other nations are not far behind…

The article you posted is probably and sadly one of the most important EVER posted on the site. I didn’t hear about this at all in any other media–and yes it is of immense importance. If 20% of the world’s population can be inflicted with such a regime–and not generate a peep of protest then the rest isn’t far behind. And for governments who are impossibly in debt to the point payback is impossible —-eliminating cash is a fine solution then you can cook the books anyway you want. Hit the “delete” key and debt erased.

The only real liberty anyone has left is what they can purchase with the contents of their wallet. If cash is gone—and everything is electronic you have no control over it and you will exist at the whim and caprice of the Government. (which has always been their goal)

I agree with Stealth about prepping but I disagree with the whole silver/gold thing–for two reasons: a) it can be outlawed confiscated by the government—it has happened before. Think—bought any ivory lately? Why not? b) in the event of a cataclysmic event do you really want to spend your $40 dollar silver piece for a can of beans. It makes much more sense to spend the $40 NOW on cans of beans then YOU are selling them for a silver piece each….not buying it for one.

[Author]

Posts