Some quick thoughts about mass media propaganda on the Modi cash ban in India.

1. Critics in the mainstream media, especially from Western establishment mouthpieces like the London School of Economics, are repeatedly mentioning “the poor” as the primary victim of the cash ban.  Now,  daily workers are certainly suffering, because they can’t be paid in cash regularly, but they are very, very far from being the only people suffering. Indeed, the affluent, the middle-class, the lower middle-class, urban residents and rural, the whole of the country has been profoundly affected. Being rich does not exempt you from standing in line for days trying to get out a trivial part of your savings. Being rich (on paper) does not prevent your business from collapsing because you cannot order supplies or because consumer demand has collapsed with the cash crunch.
2.  Mainstream critics are breezily assuming the virtue of the alleged objective of the plan: rooting out corruption, “black money,” and crime.  But the printing of  new 2000 rupee notes belies this assumption. Larger bills are usually favored by people involved in shady cash dealings.  By contrast, the banned 500 and 1000 rupee notes were widely used in the legitimate cash-based economy. This suggests that attacking the cash-based economy was the real goal of the cash ban.
3.  Mainstream critics are repeatedly associating cashless with crimeless or “clean” money.  The cashless project has become equated with the cleanliness program. Swacch Bharat or Clean India and Digital India have become one. But in fact,  money-laundering and the financing of criminal activity and terrorism are usually done through digital payments, especially the much-touted Bitcoin, which, elsewhere on this blog, I have deconstructed as a tool of the financial elites. Bitcoin India has soared multiple times following the cash ban. Who profited? When will the media go after this story?
4.  The mainstream media has given us very sparse coverage of the broad and profound destruction of the economy underway, instead, opting for sound-bytes about a “temporary” decline in GDP that at most will take a few months to recover. But GDP itself is a spurious indicator of the economic well-being a country.  A far better indicator of the effects of the cash ban is taking a cross-section of the industries being devastated: the breadth and depth is astounding. The numbers are in the tens and hundreds of thousands. The workers involved are in the millions. From the ceramic and diamond industry in Gujarat (Modi’s home state) to the chit-fund industry, farming, and leather-working; from book sellers to vegetable sellers, from real estate to Ayurvedic medicine, there is not a business that has not been dealt a severe blow, often,  irretrievably. The closing of tens of thousands of small businesses that constitute the majority of a sector leaves the market wide open for big businesses. Thus, the diamond business in Gujarat has been ruined for the small businesses that dominate 60% of it. But the large diamond merchants have survived and will no doubt expand. Now, who are those large diamond merchants? Could they be the same merchants who dominate the global industry from Antwerp? What is their relationship to the Modi government and its foreign backers?
5.  The last lie that is being circulated about the cash ban is that it was an ill thought-out, poorly planned act.  The evidence does not support this lie. The “cashless” project is a globalist objective with hoary roots, going back, proximately, to the 1990’s, when the capital markets were financialized and centralized. However, theoretically, since the inauguration of the Internet, the potential has always existed for the economic world to be digitalized and centralized. We must assume that those behind the adoption of the ‘net knew this. So, truthfully, at least from the 1970’s, the cashless project has been in the works. Secondly,  Western fintech has been trying to get its foot into the Indian market over the last several years, without success. The Modi cash ban has now forcibly opened the market for it. Indeed, finance capital has RAPED the country. Here is a real “rape crisis” that the Western media is glossing over.
6.  My final point in this post is perhaps the most disturbing. While there is indeed a global move toward “cashless,” the notion that is being circulated in the MSM that the Indian cash ban is more-of-the-same is totally false and most likely disinformation. There is no Western country in the world in which the cashless project has intentionally and immediately inflicted the kind of damage that the Modi ban has done. The Western measures  are staid, gradualist, and leave scope for the use of cash and for privacy, since the infrastructure and policing available in the West is excellent. In India, by contrast, the cash ban is nothing less than dekulakization, and should bluntly be called economic warfare. Given that the powers-that-be behind Modi constitute the right-wing of the Anglo-Jewish oligarchy, the cash ban is an act of monumental treachery on the part of the PM; a rape of the native population and industry by a conspiracy of the state and big business; and the savage, unilateral imposition of a digital dictatorship from New York, London, and Tel Aviv, on the no-longer sovereign republic of India.