By Peter Koenig, Global Research, January 20, 2017
A Financial genocide, if there was ever one. Death by demonetization, probably killing hundreds of thousands, if not millions of people, through famine, disease, even desperation and suicide – because most of India’s money was declared invalid. The official weak reason for this purposefully manufactured human disaster is fighting counterfeiting. What a flagrant lie! The real cause is of course – you guessed it – an order from Washington.
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 final goal is speedy global demonetization. India is a test case – a huge one, covering 1.3 billion people. If it works in India, it works throughout the developing world. That’s the evil thought behind it. “Tests” are already running in Europe.
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.
There was no limit set in rupee amounts that were allowed to be deposited in bank or postal accounts. But exchanges or withdrawals were limited the first two days to 2,000 rupees, later to 4,000 rupees, with promises to further increases “later on.” The restrictions have to do with limited new bank notes available. The new money is issued in denominations of 500 and 2,000 rupee-notes.
On 9 November, none of the country’s ATM machines were functioning. Withdrawing money was possible only from banks. Queues behind bank counters were endless – lasting hours and in some cases days. Often times, once at the teller, the bank was out of cash. Imagine the millions, perhaps billions of labor hours – production time and wages – lost – lost mostly by the poor.
The banned bank notes constitute about 85% in value of all cash in circulation. India is a cash society. About 97% of all transactions are carried out in cash. Only slightly more than half the Indian population has bank accounts; and only about half of them have been used in the last three months. Credit or debit cards are extremely scarce – basically limited to the ‘creditworthy’ elite.
In rural areas, where most of the poor live, banks are scarce or none existent. The poor and poorest of the poor, again – as usual – are those who suffer most. Hundreds of thousands of them have lost almost all they have and will be unable to fend for their families, buying food and medication.
According to most media reports, Modi’s demonetization was an arbitrary decision. Be sure, there is nothing arbitrary behind this decision. As reported on 1 January 2017 by German investigative business journalist, Norbert Haering, in his blog, “Money and More,” this move was well prepared and financed by Washington through USAID.
Mr. Modi didn’t even bother presenting the idea to the Parliament for debate.
In November 2010 President Obama declared with then Prime Minister Manmohan Singh, a Strategic Partnership with India. It was to become one of his foreign policy priorities which was renewed during Obama’s visit to India in January 2015 with the current PM Modi (image right). The purpose of this partnership was not just to pull one of the most populous BRICS countries out of the Russia-China orbit, but also to use it as a test case for global demonetization. Mind you, the orders came from way above Obama, from the omnipotent, but hardly visible Rothschild-Rockefeller – Morgan – et al, all-domineering bankster cartel.
This horrendous crime that may cost millions of lives, was the dictate of Washington. A cooperation agreement, also called an “anti-cash partnership,” between the US development agency (sic), USAID, with the Indian Ministry of Finance, was worked out. One of their declared ‘common objectives’ was gradually eliminating the use of cash by replacing it with digital or virtual money.
It takes two to tango. The PM of the second largest nation in the world, one would expect, would have a say in the extent to which a foreign country may interfere in India’s sovereign internal affairs, i.e. her monetary policies – especially a foreign country that is known to seek only Full Spectrum Dominance of the globe, its resources and its people. The head of India, a prominent BRICS country (BRICS = Brazil, Russia, India, China, South Africa), one would expect, could have sent the naked emperor to climb a tree – and say NO to this horrendous criminal request. But Modi did not.
Is India with PM Modi still a viable BRICS country? Or more importantly, India is currently poised to become a member of the Shanghai Cooperation Organization (SCO). Is India under Modi worthy of being admitted into this powerful Asian economic and military block, the only authoritative counterbalance to the west? – At this point, putting hundreds of millions of his countrymen at peril by obeying Washington’s nefarious dictate, Modi looks more like a miserable traitor than a partner of the New East.
USAID calls this operation “Catalyst”
Inclusive Cashless Payment Partnership.” Its purpose is “effecting a quantum leap in cashless payment in India” – and of course, eventually around the globe. According to the Indian Economic Times, this program had been stealthily financed by USAID over the past three years. Funding amounts are kept secret. Who knows, where else in the world Catalyst is quietly funding and preparing other human financial disasters.
All fits into the Big Scheme of things: Reducing the world population, so less resources are needed to maintain 7.4 billion people – and growing – many of them finite resources that can be used by a small elite, supported by a few million slaves. This is the world according to still ticking war criminal numero UNO, Henry Kissinger. Forcefully reducing the world population is his one big objective since just after WWII, when he became a key member of the Rockefeller sponsored Bilderberg Society.
Some of the same people are currently spreading neo-fascist mantras around the world, at the infamous WEF (World Economic Forum) in Davos, Switzerland (17-20 January 2017). WEF attendees (by invitation only) are a mixed bag of elitist “private” billionaires, corporate CEOs (only corporations registering at least US$ 5 billion in sales), high-flying politicians, Hollywood’s cream of the crop, and more of the kind. Pretty much the same definition applies to the Bilderbergers.
Like with the Bilderbergers, the key topics discussed at the WEF, those themes that are supposed to guide the world further and faster towards the New (One) World Order, are discussed behind closed doors and will hardly surface into the mainstream. It is, however, highly likely that the “Cashless India” decision – a trial for the rest of the world – had previously been discussed and “ratified” by the WEF, as well as the Bilderbergers. None of this is known to the common people, and least to the Indians.
All-out efforts are under way to maintain highly lucrative disaster capitalism, or at least to slow down its decline – because its end is in sight. It’s just a question of time. Hence, the term Catalyst (accelerator) for the USAID program is well chosen. Time is running out. One of the best ways of controlling populations and unbending politicians is through financial strangleholds. That’s what a cashless society is all about.
According to Badal Malick, former Vice President of India’s most important online marketplace Snapdeal, later appointed as CEO of Catalyst:
“Catalyst’s mission is to solve multiple coordination problems that have blocked the penetration of digital payments among merchants and low-income consumers. We look forward to creating a sustainable and replicable model…. While there has been…a concerted push for digital payments by the government, there is still a last mile gap when it comes to merchant acceptance and coordination issues. We want to bring a holistic ecosystem approach to these problems.”
This is further supported by Jonathan Addleton, USAID Mission Director to India: “India is at the forefront of global efforts to digitize economies and create new economic opportunities that extend to hardto- reach populations. Catalyst will support these efforts by focusing on the challenge of making everyday purchases cashless.”
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 (https:// 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.
Our Comment
As we know from austerity provisions, now common among developed nations, methods once applied in developing nations (conditioned through similar programs called Structural Adjustment Programs – SAPS), have a way of catching up to the rest of us.
Could this “anti-cash partnership” be a cautionary tale? Is the suggestion that it may cost millions of lives incredible or shocking?
“Traitor” seems to be a word gone lost in the humdrum reality of everyday betrayal through behind-door deals like this one!
Glad there is someone keeping track of who’s supporting operations catalyst!
What will it take to draw the losers and prospective losers among us to the level of solidarity that the winners enjoy at this stage of our struggle?
Élan
