Thursday, November 10, 2016

Re: [IAC#RG] VERY IMPORTANT NOTICE from IAC regarding note exchange

Till date most banks and post office in dalkhola, does not give money to the account holders in Dalkhola, West Bengal. Post Office says if you want to exchange you may exchange but we dont have money to allow Account holders to withdraw from their accounts. Such a worse situation actually leads to adverse position and takes away from depositing the money. In old days ancestor used to say, " Those help in worse situation is your best friend." Here money deposited in bank is your worst friend and cash in hand is your best friend.

Ankit Khetan
India


From: Dr D K Bhandari <indiaresists@lists.riseup.net>
To: indiaresists@lists.riseup.net
Sent: Wednesday, 9 November 2016 6:12 PM
Subject: Re: [IAC#RG] VERY IMPORTANT NOTICE from IAC regarding note exchange

Rubbish , don't try to fool the general public
You are getting what is due 
Are you against corruption or for corruption

Sent from my iPad

On 09-Nov-2016, at 16:20, Sarbajit Roy <sroy.mb@gmail.com> wrote:

Dear Subscribers

After extensive discussions with fairly high levels of RBI today, IAC is making following suggestions for all HONEST / TAX-PAYING Indians

1) Utilise the across the counter exchange facility to exchange notes into Rs. 100, Rs. 50 and Rs. 10 series only  There is likely to be a HUGE shortage of these notes in future. Stand your ground and Do not get tempted into taking news series Rs. 500 and Rs. 2000 notes (I cannot share why here).

2) Stock up on coins.

3) The IAC is now taking the legal position that the recent action of Govt of India, allegedly for #IndiaFightsCorruption , fully exposes the BANKRUPTCY of the Banking sector and the BANKRUPTCY of the RESERVE BANK OF INDIA in particular.

3) In any civilised country there would have been a run on the Public Sector Banks by the common people. What this demonetisation actually amounts to is the REPUDIATION of the solemn promise made by each RBI Governor in turn to "pay the bearer the sum of Rupees one thousand on demand" this means that each RBI Governor is bound to give value of Rs. 1,000 on demand and not give just another meaningless piece of paper to keep the PONZI currency cycle going. The "value" of Indian coins is fixed in the Indian Coinage Act. which is why a Rs.1,000 coin "sells" for Rs. 10,000

4) So remember this - only accept OLD NOTES or OLD COINS as a temporary measure. Do not make the mistake of accepting shiny NEW NOTES for OLD as 'Alladin' did.

Sarbajit Roy
National Convenor
INDIA AGAINST CORRUPTION, jan andolan

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