Modi’s Cashless India

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Whenever a large society embarks on a great leap forward there will inevitably be some minor disturbance and teething problems. Narendra Modi’s brave, inspirational, plan to rapidly convert India from an obsolete paper money system to a cashless digital system has experienced some of these trivial, transition, irritations.

Most Indians are more than happy to put up with a few weeks of inconvenience – knowing that the new system will stamp out corruption and tax avoidance. The main resistance against moving to a digital system has come from those who are unpatriotic and have large stashes of ill-gotten black money. Also some land owning farmers have protested the move by disrupting the winter sowing season – bare in mind that this class has often resisted progressive change historically, so it is no surprise that some should do so this time. However, the large majority of law abiding Indian citizens are one hundred percent behind their enlightened leader’s drive for a cashless society.

In an uplifting radio announcement last weekend Modi once again called for a cashless economy: “Learn how this digital economy works. Learn the different ways you can use your bank accounts and internet banking. Learn how to effectively use the apps of various banks on your phones. Learn how to run your business without cash.” He then went on to say, “Learn about card payments and other electronic modes of payment. Look at the malls and see how they function. A cashless economy is secure, it is clean.” Wise words indeed.

It is believed that following a small (less than a percentage point) dip in GDP growth due to the minor agitation of change – India is likely to experience double digit gains in GDP once the new digital system is fully in place. So not only is a cashless system secure and clean, it is also a strong driver of growth. The rest of the world needs to take India’s lead and go cashless today.

Black Flies Matter
Black Flies Matter

Modi, he will be forever remembered as the guy who said, “What have the Romans ever done for us?”

vdv
vdv

The word “cash” originated from Tamil word “kasu”, which means a small coin. Roman coins have been unearthed from Tamil Nadu and other states in South India. One cannot eliminate corruption, without eliminating the deep rooted cultural corruption that came from trading using cash, with the Romans several thousand years back. It is time to destroy the old coins, and rewrite the history books, to say, trade with Romans were done with Visa and Mastercard.

MillionDollarBonus
MillionDollarBonus

Fascinating piece of history. So not only is cash responsible for corruption and criminality in India, it is also a remnant of white privilege and colonialism. Yet another reason to eliminate it. Getting rid of cash is an essential component to the decolonization of India.

thevike1
thevike1

cash itself is not responsible for criminal behavior people are and no matter how you change things this element will not only still exist but it will flourish thats what you progressives fail to understand as you always cast the blame on inanimate objects cash,guns, whatever. You fail to recognize the real problem People

MillionDollarBonus
MillionDollarBonus

If you ban the thing, then people can’t do evil with it! Duurr!! What’s so difficult to understand about that??

Lesboss
Lesboss

Hear, hear. If you ban cash only the Government and criminals will have it. The 2nd Amendment to the Indian Constitution protects the right to bear cash…to buy from shops…Foreign AND Domestic. You can take it…from my cold dead hands!

Black Lives Matter

Cash is a major problem in India for the reasons stated. But there is another problem in India as well that is routinely ignored: White Privilege.

India is one of the most racist countries on the planet — which is why it is one of the poorest. India has so-called “castes” that are routinely discriminated against, and Islamophobia is so out of control that rightwingers, like Modi, want to deport millions of undocumented Muslims. Modi is part of the rightwing BJP, which is a fascist political party, just like Trump’s Republican Party. This is the legacy of White Supremacist rule and colonialism by Europeans. India not only needs to eliminate of cash, but it also needs to eliminate the BJP and DEMAND reparations from the United Kingdom and other White colonizers for racial terrorism.

Black Flies Matter
Black Flies Matter

I think MDB should thank me for all I do for him…and for India, they owe me as well. I present to you Pussy Riot

Black Flies Matter
Black Flies Matter

Ahhh, this is an outrage!!! AHHHHHH

MillionDollarBonus
MillionDollarBonus

Yes – and according to vdv above, cash was used by Roman colonizers in India many years ago, so it’s a product of white privilege.

I’m aware that Islamaphobia is a big problem in India, which is what led to their war with what is now Pakistan. There are also so many remnants of the British Empire in India like the railways. These need to be destroyed as part of decolonization, just as Mugabe destroyed racist white farms in Zimbabwe. It’s the only path to creating a truly egalitarian and just society. Colonialism and white privilege needs to be completely torn down before we can rebuild.

vdv
vdv

White Privilege Bill Gates walks the corridors of power in India, influencing many things – unique id for people, cashless economy, vaccines, etc. Bill Gates was also awarded one of India’s highest civilian honor, the Padma Bhushan. MDB, India wouldn’t be what it is without white privilege. We simply love botox-treated Gates to keep us on an electronic leash, in shiny glass buildings, working with/on/under Windows 10. Being accredited, I thought you’d not spread falsehoods, damn. Is accreditation as easy as getting a domain name with “accredited” in it?

MillionDollarBonus
MillionDollarBonus

Bill Gates is OK. He is a progressive and has worked closely with the Clinton Foundation to bring peace and prosperity to many developing countries.

DrSyn
DrSyn

Mugabe destroyed a lot more than white racist farms in Zimbabwe. Those farms ended up mostly in the hands of his friends, and the “bread basket of Africa” became a net importer of food. And that’s not counting the price inflation. Their last U.S. $ exchange rate was 35 quadrillion to 1.

MillionDollarBonus
MillionDollarBonus

RACIST!!

Black Lives Matter

The Accredited Times is going to need a full-time fact-checker to keep dealing with these racist trolls!!!

MillionDollarBonus
MillionDollarBonus

Maybe we should set up a separate page dedicated to fact checking the many lies and deceptions of the alt right. Someone needs to factcheck the hell out of these racists!

vdv
vdv

DrSyn is not only a racist, but also an idiot. What will you rather have – 35 quadrillion Zimbabwe dollars or one measly US dollar?

Black Lives Matter

LOL, check your facts, moron. Zimbabwe is the wealthiest country in Africa: it has the highest number of billionaires per capita in the world. Mugabe is doing a terrific job and is well known as a global thought leader on gift-based economics.

MillionDollarBonus
MillionDollarBonus

Plus now they get to rebuild the country on solid foundations without white racists constantly undermining it. You watch, over the next decade Zimbabwe is going to become a serious player on the global stage.

Sugarlock
Sugarlock

35 quadrillion to 1 makes them all rich!!! Quadrillionaires. Maybe we should try his economic plan here.
☭☭☭☻☭☺☭☻☭☭☭☭

TrueDat
TrueDat

War on cash is really war on the serfs…..us.

This is not about racism, this is teh haves vs the have nots.

Idiots!

MillionDollarBonus
MillionDollarBonus

Wrong! A cashless society allows banks and governments to exercise more control over the country’s money supply, which allows them to create more economic growth, and that benefits EVERYONE, especially the poor. Economists are currently recommending negative interest rates in order to boost aggregate demand, but governments can’t effectively do this until cash is banned!

Paco
Paco

Control, Control, Control, its all you talk about.
FREEDOM!

jfb

I have some first hand information from Vijay, who operate an Indian restaurant nearby, and he said that 100%of the Indans approve the war on cash, all the rest, the alleged queues, is just propaganda. His brother, who is some kind of IRS agent in India, believes that this will help to unmask tax evaders and eliminate corruption. His brother got this job 4 years ago but he lives frugally and was able to economize 120,000$ USD, not that bad when your monthly pay is about 300$ USD. He was fortunate enough to exchange his notes for foreign currencies one day before Modi announce the ban of 1,000 Rs notes, some kind of premonition.
The sole thing that is annoying is the sound of beggars who cry for food in the street, apparently there are more of them than before. His brother think they ae crying babies who don’t know their luck since they are the cashless among the cashless

MillionDollarBonus
MillionDollarBonus

These beggars really need to get contactless credit cards and a bank account. How selfish of them to refuse to take part in the banking system. All money belongs in the banking system where it can be managed for the greater good – anyone keeping assets outside of it is impeding economic progress.

Paco
Paco

So you defend absolute statism and no private property? Well I have a name for you: Soviet Socialist, and yes they were the kind of government with the highest number of victims: 65 million. And that movement was controlled 95% from people from just one religion. Info for you that talk of inclusiveness and tolerance, etc.

drb6
drb6

Please let me know what religion Stalin, Molotov, Voroshilov, etc were, and also please let me know if Soviets were atheists or not. Also, if Soviet Russia population was 170M in 1939, it means that 1 out of 3 was killed?

Sugarlock
Sugarlock

Paco, I hope you will accept my cyberhug:

☭☭☺☭☭♥☭☭♫☭☭☻☭☭

STRONGER TOGETHER!!!

MillionDollarBonus
MillionDollarBonus

From just one religion?? You wouldn’t dare ….

YOU DISGUSTING ANTI-SEMITE!!! THE SOVIET UNION DEFEATED THE NAZIS!!! ARE YOU A NEO-NAZI TOO????

MillionDollarBonus
MillionDollarBonus

Modi is an Indian hero. The protesters there are all funded by secretive right-wing organizations who are against central banks. The vast majority of the Indian population supports a cashless system that allows banks and the government to have complete control over their money.

Remember when the Cyprian government was forced to impose a reasonable 47% levy on excessive deposits over 100,000 Euros? With a cashless society, imposing such levies will be effortless, and our banks will be more solvent and immune to bank runs as a result. Everyone wins with this system. Who in their right mind would want to be outside the banking system, which is responsible for all global economic growth for hundreds of years?

Sugarlock
Sugarlock

I am trying to absorb this article and all the accredited comments. But I’m confused about Indians (I mean in Hindu Indians, not woo-woo Indians.) The famous article “The Oppression Pyramid” omits Indians. How Oppressed or Privileged are they? Am I for them or against them? I’m a new progressive and am just trying to learn to think right.

drb6
drb6

I think the old Oppression Pyramid is not complete, and even flawed. How should we judge Hindu Indians against Muslim Indians? Which of the castes is the most oppressed? Dark-skinned Indians should be the most oppressed according to our usual yardsticks of oppression, but they are not Muslims (who are the most oppressed among all religions, and have been unfairly persecuted since conquests of caliph Umar) – those are lighter-skinned from North India. There is an extreme contradiction which makes me very uncomfortable.

jfb

Since there is no “Indian Lifes Matter” my guess is that they are not part of the pyramid for the moment, but as BLM suggested they are privileged in India since they oppress the muslims. They could be privileged somewhat in the US as well as the Korean shop owners who oppress young BLM activists who want to replace their TV set during a riot. But they are also oppressed when they are denied a H1B visa.
Hard to figure a score.

drb6
drb6

In fact, in academic hiring Americans of Asian descent have an oppression score that is even higher than that of whites. Faculty of Asian descent are severely over-represented in useless and even harmful studies such as Physics, Mathematics, Chemistry, and (trigger warning!) Petroleum Engineering. They are under-represented in gender and ethnic studies.

Something is wrong with that population group.

MillionDollarBonus
MillionDollarBonus

I chose to ignore Asians and Indians because they aren’t relevant to much of Critical Race Theory. Critical Race Theory focuses on how whites oppress various other races, religions, genders and sexual orientations, however not every one of these categories of people is discussed in detail. Asians in particular simply add confusion to the central narratives in CRT, and are therefore generally ignored.

Sugarlock
Sugarlock

I was carelessly surfing the web without PropOrNot and opened up a racist article that Tyler Durden linked in to Zerohedge (ZH was recently outed as Russian propaganda). If you are a very sensitive person, you might not want to read any further. The article actually attacks “Modi and the other fake-elites.”

You might be interested in seeing the kind of racist, anti-Indian language used in this article: ”the irrational and extremely tribal society of India”, “the concept of critical thinking and reasoning never really got any traction in India’s society”, “the irrationality of Indian society”. That is not all of the racist hate-language in the article, but it’s all I can bear to read.

To borrow the famous words of Lena Dunham, “I touched my face and realized I was crying … I was having trouble breathing, and I could feel my chin breaking into hives.” I had to quit reading and get out of ZH.

DON’T SURF THE WEB WITHOUT YOUR PROPAGANDA FLAGGER!!!.

DrSyn
DrSyn

“Tyler Durden” is the pen-name of everyone who posts at Zerohedge. The name is taken from a character in the movie, “The Fight Club.” Tyler Durden was the name of the character played by Brad Pitt.

Sugarlock
Sugarlock

Thanks for the “heads up.” I already knew that he was spreading political lies. Now I know that he even lies about his name.

MillionDollarBonus
MillionDollarBonus

Sorry to hear you got triggered so badly Sugarlock. I’ve been in touch with the owners of PropOrNot, and they’ve agreed to do an interview with us. Should hopefully be released soon if all goes well.

TrueDat
TrueDat

Vote Wookie in 2020!

TrueDat
TrueDat

Barter Town!

TrueDat
TrueDat

Criminal justice: Two man enter, one man leave!

TrueDat
TrueDat

Ever noticed that almost all superheros are white?

Its the corporations!

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