The secret of PM's FDI quest is out.
On Mar 11, 2018 20:10, Sarbajit Roy <firstname.lastname@example.org> wrote:
DEAR IAC-iansFurther to our last private email, the dam is likely to burst.
For how long can the corrupt Modi media hold back the truth that most banks don't have ready money to pay back even 5% of their depositors now on demand. Its not only PNB and CANARA, banks like SBI, IoB, BoB, IDBI even ICICI are said to be very shaky and will fall like dominoes if the Govt fucks up in handling the crisis.
https://m.money.bhaskar.com/amp/news/MON-PERS-PFB-UTLT-people-are-withdrawing-money-from-banks-faster-5827130-PHO.htmlNow please warn everyone you know to COOLLY CONSIDER taking as much money out of the banking system to put it into articies and securities of REAL value, like assayed gold coins (not gold jewelry) and foreign currencies etc.MORAL : If you elect FASCIST governments you get FASCIST HYPERINFLATION as a side effect.Sarbajit---------- Forwarded message ----------
From: Sarbajit Roy <email@example.com>
Date: Fri, Mar 2, 2018 at 10:02 PM
Subject: URGENT : IMPORTANT : PRIVATE only for IAC subscribers (do not share or reblog)
To: indiaresists <firstname.lastname@example.org>This is an urgent(**), important and PRIVATE communication being forwarded for IAC subscribers especially our senior citizen and IESM members.
Delete it after receiving it. Do not share, retweet,reblog or discuss it. This is a PRIVATE message
DISCLAIMER: This does not constitute any kind of professional financial adviceIF YOU HAVE SUBSTANTIAL FUNDS DEPOSITED IN PNB OR CANARA BANK YOU MAY EXAMINE IF YOU WISH TO IMMEDIATELY WITHDRAW YOUR DEPOSITS, BREAK YOUR FDs AND RDs etc IN THESE 2 PSU BANKS and CONVERT YOUR INCREASINGLY WORTHLESS INDIAN CURRENCY INTO SOME STABLE FOREIGN CURRENCIES (like SWISS FRANC) OR 99.9% GOLD COINS.
We have all seen what happened in Nov 2016 when RBI could not honor its "promise" to repay their note holders ON DEMAND.
We got ..."PROSPERITY THROUGH INSOLVENCY"(The Creature from Jekyll Island - G. Edward Griffin, pg. 33)** "the government has come out with a Rs. 2.12 lakh crore recapitalisation plan and has already taken nod of Parliament to pump in Rs. 80,000 crore through recapitalisation bonds in the current fiscal ending March, 2018"
Insolvency actually is inherent in the system itself, a system called fractional-reserve banking.
Nevertheless, a bank can operate quite nicely in a state of insolvency so long as its customers don't know it. Money is brought into being and transmuted from one imaginary form to another by mere entries on a ledger, and creative bookkeeping can always make the bottom line appear to balance. The problem arises when depositors decide, for whatever reason, to withdraw their money. Lo and behold, there isn't enough to go around and, when that happens, the cat is finally out of the bag. The bank must close its doors, and the depositors still waiting in line outside are ... well, just that: still waiting.