The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label rupee. Show all posts
Showing posts with label rupee. Show all posts

Friday, February 3, 2017

India's next monetary restriction is to limit the amount of cash allowed for transactions

The world's seventh largest economy has suddenly become a petri dish for monetary experimentation towards the end goal of bringing about a cashless society.

Beginning in November of last year, Prime Minister Modi banned the two largest denominations of their currency, causing utter havoc as 1.3 billion people scrambled to exchange their bills before a December 15th deadline.  This move was then quickly followed by capital controls which only allowed individuals to take out the equivalent of $60 per day from their bank accounts.

Then earlier this week the Modi government began compiling a study to create a universal basic income for every citizen in the country.  This of course would force everyone, even the several hundred million who don't have access to the internet, to become part of a cashless financial system.

And finally on Feb. 1 a member of Modi's finance office submitted a proposal that would make it illegal for individuals to use cash for purchases and transactions larger than the equivalent of $4500.

Image result for no rupees for you
India's war against black money has led to several new policies and orders of late, one of which was announced by Finance Minister Arun Jaitley on Wednesday in his Union Budget presentation in the Parliament. 
The country has banned all cash transactions above Rs 300,000 (roughly $4,500) from April 1. 
This move follows last year's ban on high-value currency notes that had sucked in 86% of the cash in circulation and sent India's 1.3 billion people into a collective frenzy. - AOL Finance

Thursday, September 5, 2013

Indian government wants to steal gold from Kali and other shrines

India seeks gold from ancient shrines in an attempt to trade for U.S dollars

Over the past three weeks, the Indian rupee has been in the process of a historic collapse, and in a desperate move on Aug. 31 to acquire U.S. dollars to pay for necessary oil imports, the government is seeking ways to acquire thousands of tons of gold from its ancient shrines to stem off further drops in their devaluing currency.
Read more on this article here...