Right on the dot. The silent in cash is …. Cash only for some and the rest at ‘their’ mercy. Agricultural income was always tax free. How could then that be treated at par with the so called black money so far it concerned village level economy of the grass root farmer? Why were they not spared the disabling ordeal when even as per Income tax Act curbs cash payments for agricultural expense were out of the ambit of cash transaction limit of Rs. 20000/- + at all times? The real agenda is definitely not what is apparent. It has more to do with taking over the agricultural lands of the grass root farmer by the ‘ merchants of development’. Add to that agenda the now visible selective destruction of the urban wealth holders by publicising them corrupt and to gain following of the have not voters who are being fed a make belief that they have been disempowered by the so called ‘tax evaders’ and not the corruption by the two main and a few state political party ‘mandarins’. God bless the polity which is still only ‘debating’.
There is lot of truth in what is said here about
The role of MNCs in what all is going on. The PM has not been meeting chief of Apple, Microsoft, Face book and visiting Silicon valley for nothing.
MNCs visible hand is that what all they are doing is good for the people. But the hidden hand is the profit motive in all their initiatives whether education or social engineering.
Mainly U.S MNCs are behind it as the role of bill gates and his proxy Dr. Mor is becoming clear.
The other MNC is trying to control your food security is Montano another U.S MNC actively involved since 2 decades through ICAR and their so called scientists. ICAR at one time was part of the Ministry of Agriculture when experts from ford foundation and Rockfeller foundation were involved in in sixties and seventies. Finally ICAR was seperated from the Deptt of Agriculture and made a private body. Regds
From: email@example.com <firstname.lastname@example.org> on behalf of Sarbajit Roy <email@example.com>
Sent: Monday, December 26, 2016 3:41 PM
Subject: [IAC#RG] MNCs Enslave People thru Access Denial to Own Money: Interfere in Polity with Ease
MNCs Enslave People thru Access Denial to Own Money: Interfere in Polity with Ease
By Shivaji Sarkar
“Terrorists are no longer public enemy number one nor are the drug lords, human traffickers, arms dealers, cyber terrorists or any other do-badder. Today, the biggest threat to global peace and security is physical cash, a means of exchange that has flourished for over 1000 years but which now stands accused of being the world’s biggest enabler of criminality”, says Don Quijones, Spain & Mexico, editor at the US newspaper Wolf Street.
“Banks, government, credit card companies and fintech evangelists all want us to believe a cashless future is inevitable and good, but this is not frictionless utopia”, says Brett Scott, campaigner and UK broker “and it’s time to fight back”.
The death of cash is death of privacy.
The G-7 and G-20 prodded by bankers are strangely promoting cashless. On June 9, 2015 the Google chairman, top global bankers and G-7 leaders met in Austria to hasten it.
Why is this war on cash? Cash serves as a means of exchange in which the relevant rent seekers (banks, credit card companies, tech firms) are left out of the equation, unable to get commissions, fees and collect the treasure of consumer data that comes with electronic payments. Apart it helps the intermediaries – banks - earn trillions as charges for “facilitating” transactions, which could have been done for free in cash deals.
In the West, non-cash are seen as a move of the multi-national corporations (MNC) to control the citizens, businesses and governments.
Once they succeed they can keep the common man in awe of denial of access to their own money. On August 16, 2015, the US FBI agents raided a convenience store and took $107,702 right from the owner’s bank account because he made two cash deposits of $11,400 in 24 hours. The FBI told him this violated federal “structuring” laws, so under civil asset forfeiture laws, they had the “right” to seize the money in his account. The laws have already been used extensively to seize cash from the US nationals. Any seizure can be done on suspicion is known as “policing for profit’, which is fully endorsed by the US government.
Trusting the banks or Visa type organsiations may be dangerous. They can manipulate election results, organize coups or create wrong perceptions through propaganda.
The recent tirade against black money in India may be one. The post-November 8 income tax raids yielded over Rs 3,100 crore. If assessees move the court at least half of it would be termed non-black and returned to them. But it created euphoria. Even the income tax declaration (IDS) 2016 has flaws. From initial estimates of Rs 67,000 crore declared, within a few days it came down to Rs 55,000 crore. At least Rs 12,000 crore declarations were found to be fake – rivals allegedly filed each other’s false statements. The government got mere Rs 3,000 crore tax from these against expected Rs 30,000 crore.
The I-T department got wide publicity for raid raj. But if their figures are taken into account (Rs 55,000 plus 3100 crore) and it is even trebled, black money would not be more than Rs 1.74 lakh crore almost equal to the I-T government receives. The operation demonetization cost the nation not less than Rs 30,000 crore in junking Rs 500 and Rs 1000 notes, and printing new currency. Apart there are losses of over five lakh jobs, millions of man-hours, industrial production, closures and troubles at banks.
Are Indians victim of global MNC propaganda?
All over the planet, governments are starting to place restrictions on the use of cash for “security reasons”. Citizens are told other forms of payment are much easier for governments to track. The use of cash is considered to be a “suspicious activity” all by itself.
The US Citibank does not accept cash payment in India and they have stopped it in Australia from November 15, a week after India launched the cashless tirade.
“These days, if you pay a large bill with cash you are probably going to get looked at funny. You see, the truth is that we have already been trained to regard the use of large amounts of cash to be unusual. The next step will be to formally ban large cash transactions like France and other countries in Europe are already doing”, says Scott.
India is no exception. State Bank of India chairperson Arundhati Bhattacharya calls for levying penalties for cash deposits above Rs 1000. She has been joined by some other bank CEOs. Are they cartelizing?
This is dangerous not only for the citizens but for the government as well. The freedom of everyone is at stake. During recessions banks could use the banking system to deliberately corrode people's deposits via negative charges, inspiring them to spend rather than save – strength of Indian economy.
Cashless society is a euphemism for the “ask-your-banks-for-permission-to-pay”. Cashless is only the invisible – digital - bank ledger. Rather than an exchange occurring directly between the seller and buyer, it takes the form of intermediaries. In a cashless society, people would have no choice but to conform to the intermediaries, giving them a lot of power, tradable data about the one’s economic life and power to extort.
The anti-cash crusaders offer various reasons for banning cash, but they all share a common distrust of free markets and a desire to give bureaucrats more control over people.
The World Bank estimates that there are two billion adults without bank accounts, and even those who do have them still often rely upon the informal flexibility of cash for everyday transactions. The WB does not say cash is criminal. So why give it up?
Banks and card operators like Visa are no friend of any government. They want to control governments through illusive words - lies. On December 21, Switzerland was forced to levy a joint fine of about $100 million on eight global banks for creating cartels and rigging international interest rates between 2005 and 2010. The banks include Barclays, Citigroup, JP Morgan, Royal Bank of Scotland (RBS), Societe Generale, Deutsche Bank UBS and Credit Suisse.
The RBI also the same day imposes fines on five foreign banks for violating FEMA.
After power over food, crops and farmers through genetic engineering, MNCs and large banks are conspiring to enslave people through the cashless.