Saturday, January 14, 2017

The Bill Gates Role in India's War on Cash

Michael S. Rozeff writes:
Economist Norbert Haering has written a second article on how India’s war on cash was brought into being and what interests it served.
“The hypothesis that the main driver or a main driver behind the demonetization were US interests, does not at all imply that the Indian prime minister and other Indian constituents did not have their own interests associated with it. It is hardly possible to get the elite of a country to do something that goes against their own interests, but it is fairly easy to get them to do something that helps (significant fractions of) them, but hurts the majority of the people.”
Hurting the majority or the general public or the people is what states and politicians do as a matter of course. The power of states awaits being turned against the people on behalf of special interests seeking privileges. The powers of states await expansion from enterprising parties in and out of government. States do not exist for the betterment of the people.
 More from the Haering piece:
 When Prime minister Narendra Modi took the bulk of Indian cash out of circulation, he caused great hardship for many Indians, while a disruption-loving tech elite and political establishment asked for optimism and patience. In an earlier piece I have provided some indications for US involvement in that scheme...

To fully understand the following, it is important to be aware of the Better Than Cash Alliance (BTCA), formed in 2012 to push back the use of cash globally. Founding members are US-institutions who stand to gain most. Those are notably the Bill and Melinda Gates Foundation (Microsoft), Visa, Mastercard, Citigroup and Omidyar Network (eBay). Funding members are also the notorious Ford Foundation and the US government’s development agency USAID.

1 comment:

  1. I always read the word "demonetization" as "demon-etization". I think it fits.