Socio-Economics History Blog

Socio-Economics & History Commentary

India’s Modi Admits Plan Shifting Nation To “Cashless Society”

https://www.biblegateway.com/passage/?search=Revelation+13%3A16-18&version=NKJV

  • The Synagogue of Satan is running out of time to prepare for the arrival of their Man of Sin. This desperate action by the Modi (Kissinger puppet?) government is causing a massive economic decline in India. There is really no need to be so extreme and urgent if you want to move the country forward into more electronic transactions. The real reason is: the serpents don’t have much time left. 23 Sept 2017 is rapidly approaching.
  • India’s Modi Admits Plan Shifting Nation To “Cashless Society”  
    by Tyler Durden, http://www.zerohedge.com 
    Well who could have seen this coming? Just as we noted, the slippery slope towards full government control in a cash-less society is where Indian PM Modi is heading following his chaos-creating demonetization efforts of the last two weeks. While massive opposition protests are planned tomorrow, Modi remains indignant, as Reuters reports, “we can gradually move from a less-cash society to a cashless society…this is the chance for you to enter the digital world.”

    Indian Prime Minister Narendra Modi on Sunday urged the nation’s small traders and daily wage earners to embrace digital payment channels, as a cash crunch following the government’s surprise ban on high-value bank notes drags on.

    Modi, speaking in his monthly address on national radio, said the government understands that millions have been affected by the ban on 500-rupee and 1000-rupees notes, but defended the action.

    “I want to tell my small merchant brothers and sisters, this is the chance for you to enter the digital world,”
    Modi said speaking in Hindi, urging them to use mobile banking applications and credit-card swipe machines.


    “It’s correct that a 100 percent cashless society is not possible. But why don’t we make a beginning for a less-cash society in India?,” Modi said. “We can gradually move from a less-cash society to a cashless society.”

    More than 90 percent of consumer purchases in India are transacted in cash,
    Credit Suisse estimates. While a smartphone boom and falling mobile data prices have led to a surge in digital payments in recent years, the base still remains low. Modi
    urged technology-savvy young people to spare some time teaching others how to use digital payment platforms.

    read more.
http://www.armstrongeconomics.com/archives/30862

Click on image for article.

http://english.pravda.ru/news/business/19-05-2015/130638-cash-0/

Click on image for article.

end

November 29, 2016 - Posted by | Economics, EndTimes, GeoPolitics, Social Trends | , , , , , , , ,

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