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".