Surviving Capitalism (Not) : A well-kept open secret: Washington is behind India’s brutal experiment of abolishing most cash

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Tuesday, January 3, 2017

A well-kept open secret: Washington is behind India’s brutal experiment of abolishing most cash

Click here to access article by Norbert Haering from Real-World Economic Review Blog.

Could it be that our ruling capitalist class operatives are using India as an experiment to see how a cashless electronic system would work as a test for its application here in the US and their satellite countries of the Empire? And why would they want to install such a system? Read the article to see what economist Haering thinks.

Also you might be interested in two other articles which provide some details on how this system is working in India: one entitled "India Cash Ban Could Get Worse: 'We Don’t Even Have Enough Money to Buy Food'", and a lengthy second article posted on Naked Capitalism entitled "The Global War on Cash – India’s Demonetization Debacle".