Saturday, December 31, 2016

Re: [IAC#RG] MNCs Enslave People thru Access Denial to Own Money: Interfere in Polity with Ease

Dear Madam,

While being positive is good one has to be practical.

Do you really think India can go cashless? If you do you are far from reality. Madam, to go cashless is not a film promo or an ad showing Salman Khan jumping from a multistoreyed building onto a van carrying Pepsi and drinking it  by saying "ah..".

You appear to be living or have lived all your life in the metropolis or urban/semi urban areas. Have you ever gone to the interior or the villages. Madam, I have been. There are still areas where not to talk of internet, there is no electricity. People find it difficult to even charge their mobile phone once it is discharged. 

Tell me is there a single country in the world that has gone cashless? The only country that is nearly cashless (mind you the word is used is nearly and not fully) is Sweden. And what is its population? Only 9.85 million - that is much less than even Delhi's population! And the literacy? It is 99%. Compare it with India's population and literacy. 

Even the most advanced countries that can boast of Internet PAN (Presence Across Nation) are not cashless economies. Talk of the US, China, Japan, the UK, Germany, France, Italy... None of these Countries are cashless. 

I can go on and on but would desist from writing a lengthy email.   

I would end up saying dreaming to go cashless at present is putting the cart before the horse. Make Internet available PAN India. Make internet free. Make it reliable and secure to transfer money. Teach the people of its use. Educate them. Then try and go cashless.

At present we can only go "Less Cash" and NOT "Cashless". 

Right now even in Delhi the vendors and the buyers prefer cash payments. Those doing cashless purchases/transactions were even earlier doing cashless purchases/transactions. 

Your last observation that there is no response from the forum itself proves the point that people are not mobile savvy. When such educated and learned lot is not computer/mobile savvy, what can you expect from those who are not even having access to internet?

Regards and Happy New Year. Happy dreams of "CASHLESS".

MG Kapoor 

Sent from my iPhone

On 31-Dec-2016, at 1:21 PM, Dr Neena Singh <> wrote:

It is not surprising , thepost of  26/12/ 2016 has provked no responce because it is biased and is looking into only one aspect of  cashless economy . Fire is both good and bad, it depends which aspect you look into - to destroy or to use for benifit of the people ... MNC blah blah of Mr Roy is only one aspect and if we look at the other aspect... it has a number of advantages - most importnat is to handle the black money and terrorist activities.  Therefore,  we should stop genralizing things and look into larger interest of the country. The MNC have also created lot of jobs and good salary pakages  why to forget this .....

Note bandi and cashless economy is being supported by people thats why the post is of no interest of the people and will never be ....So we have be positive and look into positive aspect , negitivity breed negitivity ....


On Fri, Dec 30, 2016 at 1:54 PM, Gaur J K <> wrote:


Dear Sh. S. Roy

I am really surprised that your post of 26/12 has evoked no response so far. I only sent brief comments on 27/12 So I thpugh I shuld further elucidate on the dangerous situation developing in the world through Corporateering and now engulfing India

Historically we have been an inward looking people not caring to know what is happening beyond our borders with the result we were subjected to repeated invasion from the North west and later from South west after Columbus discovered North America instead of India which nation(US) today is setting the world order though their own history is 250 years old. MNCs today are a product of that nation whether you like it or not,fume or fret.

MNCs are predominently US and through them thy try to enslave people and countries. Fronts of these MNCss are NGOs whether it is ford or rockfeller or Bill gates. They try to identify the strength or weaknesses of different countries and use them to further their own interest. They always work with Govt. agencies of respective countries and ostensibly align their inerest with theirs to get social approval of the target country.

Their visible hand is always to improve the lot of the people, their convenience,communication,education,health,security. But the hidden hand is always the profit. Today they have created an impression that cash is a dirty word it is best left to the govt. and the banks to handle it. Because the cash can be used by the terrorist, drug lords and other antisocial element. In other words you have no privacy or right to keep your property or savings as you want. And the Govt. has become the willing tool in their hands. So the banks have become flush with funds and the Govt. can use them as they like to wipe out the deficit,write of the NPAs or funding the Bank which had to do 100000 crore a year for 5 years.

In the process the customers you and I have lost the privacy. All information about you is now avable to the bank and they can further earn money not only selling them to ecommerce companies but any MCS willing to pay for it. In the process they earn trillions as is said in the article by way levying bank charges, reducing rate of deposit for the money you keep in the saving account. In fact there is already a cartel I hear let by the State Bank India for refusing to free the interest payable to depositors from the beginging without caring that the depositors may lose when the rate of inflation is higher than the rate of deposit they give. But now the situation is devloping that perforce you will have to keep your savings in the bank .

And the Govt. is also arming itself with unprecedented powers to conduct raids, confiscate cash and other valuables. It will lead to further litigation and the Govt. which has a dubious distinction of being the largest litigator will further burden the judicial system.

In short your post about MNCs is full of facts as to how things are developing world over and how India is getting sucked into it. Regds 

From: <> on behalf of Gaur J K <>
Sent: Tuesday, December 27, 2016 2:05 PM
Subject: Re: [IAC#RG] MNCs Enslave People thru Access Denial to Own Money: Interfere in Polity with Ease


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: <> on behalf of Sarbajit Roy <>
Sent: Monday, December 26, 2016 3:41 PM
To: indiaresists
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.

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Dr Neena singh
Information Specialist
Currently, Deputy Librarian & Incharge of
Information and Library of Hill Campus 
G B Pant University of Agriculture & Technology
The Hill Campus Ranichauri-249199
Tehri Garhwal (Uttrakhand)
E-mail 252138

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