Indian Bankers Revolt Against Central Bank

Indian bankers are demanding the resignation of Urjit Patel, the RBI governor, who has been silent about the extraordinary measures taken on his watch:

“Holding Governor responsible for ineffective handling of the crisis post the drive, All India Bank Employees Association vice-president on Wednesday said that bank unions are adamant about their demand for the former’s resignations as well as lockdown of the apex bank.

Questioning the failure of the as the regulatory system, Utagi said that Patel, who hasn’t uttered a word till now, should resign with immediate effect.

“Since two weeks, the bank employees are working from eight in the morning till midnight including weekends. Still, there are truckloads of work to do. There has been absolutely no cooperation from the RBI’s side,” Utagi told ANI.

It added to the mess by banning cooperative banks from exchanging old notes or accepting deposits,” he added.

Stating that the present situation is a clear mess, Utagi further said that there have been one million employees at various banks who are working day in and day out in a situation characterised by a shortage of cash counting machines, fake notes detection machines and manpower security personnel.

The All India Bank Employees Association vice-president’s assertion come as a united opposition is cornering the government in Parliament and demanding Prime Minister to explain the rationale behind imposing such a decision.”

 

Massive Fines and Possible Jail For Holding Old Notes

This gets worse and worse.

Now, a new RBI (Reserve Bank of India) ordinance (the 61st on this issue) proclaims that people who hang onto the old notes after the deadline of December 30, will be faced with a minimum penalty of Rs. 50,000 (half a lakh or about 735$) – a sum that is enormous in terms of Indian per capita income…..and will be guilty of a crime punishable at the municipal level.

What’s the real reason for this?

Well, since one of the main reasons for this ban was to ensure that Indian banks, especially the State Bank of India (now one of the top 50 largest banks in the world), were sufficiently recapitalized so that the loans could start flowing again. This, after the ratio of non-performing loans (mostly to rich industrialists and developers whom Modi shows not signs of penalizing) rose too high for comfort.

Since most of the money declared illegal has been deposited appropriately, demonstrating that they were all largely legitimate cash holdings, Modi has had to find a way to make this bizarre financial experiment/attack look at least faintly rational.

He also has to make sure any remaining notes do not find their way back into the system and constitute a claim against it.  Penalizing old-note-holders and making their holding itself contraband is the solution, it looks like.

RBI Refuses to Release Minutes Of Nov. 8 Meeting

Business Standard:

The Reserve Bank of India (RBI) has refused to allow access to of meetings held to decide on the issue of of Rs 1000 and Rs 500 notes announced by Prime Minister Narendra Modi on November 8.

 

Responding to an RTI application filed by activist Venkatesh Nayak, the bankers’ bank refused to disclose the of the crucial meetings of Central Board of Directors on the issue of citing section 8(1)(a) of the transparency law.

 

The section exempts disclosure of information which would prejudicially affect the sovereignty and integrity of India, the security, strategic, scientific or economic interests of the state, relation with foreign state or lead to incitement of an offence.

 

Nayak said he will appeal against the decision, adding, “While confidentiality prior to the making of the decision is understandable, continued secrecy after the decision is implemented is difficult to understand when crores of Indians including this author have faced difficulties due to the shortage of cash in the economy.”

 

The Doomsday Seed Bank, Control Of Food, and Biowar

Bill Engdahl at Global Research on the Bill Gates Foundation, its doomsday seed bank, and biological warfare using food:

We can legitimately ask why Bill Gates and the Rockefeller Foundation along with the major genetic engineering agribusiness giants such as DuPont and Syngenta, along with CGIAR are building the Doomsday Seed Vault in the Arctic.

Who uses such a seed bank in the first place? Plant breeders and researchers are the major users of gene banks. Today’s largest plant breeders are Monsanto, DuPont, Syngenta and Dow Chemical, the global plant-patenting GMO giants. Since early in 2007 Monsanto holds world patent rights together with the United States Government for plant so-called ‘Terminator’ or Genetic Use Restriction Technology (GURT). Terminator is an ominous technology by which a patented commercial seed commits ‘suicide’ after one harvest. Control by private seed companies is total. Such control and power over the food chain has never before in the history of mankind existed.

This clever genetically engineered terminator trait forces farmers to return every year to Monsanto or other GMO seed suppliers to get new seeds for rice, soybeans, corn, wheat whatever major crops they need to feed their population. If broadly introduced around the world, it could within perhaps a decade or so make the world’s majority of food producers new feudal serfs in bondage to three or four giant seed companies such as Monsanto or DuPont or Dow Chemical.

That, of course, could also open the door to have those private companies, perhaps under orders from their host government, Washington, deny seeds to one or another developing country whose politics happened to go against Washington’s. Those who say ‘It can’t happen here’ should look more closely at current global events. The mere existence of that concentration of power in three or four private US-based agribusiness giants is grounds for legally banning all GMO crops even were their harvest gains real, which they manifestly are not.

These private companies, Monsanto, DuPont, Dow Chemical hardly have an unsullied record in terms of stewardship of human life. They developed and proliferated such innovations as dioxin, PCBs, Agent Orange. They covered up for decades clear evidence of carcinogenic and other severe human health consequences of use of the toxic chemicals. They have buried serious scientific reports that the world’s most widespread herbicide, glyphosate, the essential ingredient in Monsanto’s Roundup herbicide that is tied to purchase of most Monsanto genetically engineered seeds, is toxic when it seeps into drinking water.9 Denmark banned glyphosate in 2003 when it confirmed it has contaminated the country’s groundwater.10

The diversity stored in seed gene banks is the raw material for plant breeding and for a great deal of basic biological research. Several hundred thousand samples are distributed annually for such purposes. The UN’s FAO lists some 1400 seed banks around the world, the largest being held by the United States Government. Other large banks are held by China, Russia, Japan, India, South Korea, Germany and Canada in descending order of size. In addition, CGIAR operates a chain of seed banks in select centers around the world.

CGIAR, set up in 1972 by the Rockefeller Foundation and Ford Foundation to spread their Green Revolution agribusiness model, controls most of the private seed banks from the Philippines to Syria to Kenya. In all these present seed banks hold more than six and a half million seed varieties, almost two million of which are ‘distinct.’ Svalbard’s Doomsday Vault will have a capacity to house four and a half million different seeds.

GMO as a weapon of biowarfare?

Now we come to the heart of the danger and the potential for misuse inherent in the Svalbard project of Bill Gates and the Rockefeller foundation. Can the development of patented seeds for most of the world’s major sustenance crops such as rice, corn, wheat, and feed grains such as soybeans ultimately be used in a horrible form of biological warfare?

The explicit aim of the eugenics lobby funded by wealthy elite families such as Rockefeller, Carnegie, Harriman and others since the 1920’s, has embodied what they termed ‘negative eugenics,’ the systematic killing off of undesired bloodlines. Margaret Sanger, a rapid eugenicist, the founder of Planned Parenthood International and an intimate of the Rockefeller family, created something called The Negro Project in 1939, based in Harlem, which as she confided in a letter to a friend, was all about the fact that, as she put it, ‘we want to exterminate the Negro population.’ 11

A small California biotech company, Epicyte, in 2001 announced the development of genetically engineered corn which contained a spermicide which made the semen of men who ate it sterile. At the time Epicyte had a joint venture agreement to spread its technology with DuPont and Syngenta, two of the sponsors of the Svalbard Doomsday Seed Vault. Epicyte was since acquired by a North Carolina biotech company. Astonishing to learn was that Epicyte had developed its spermicidal GMO corn with research funds from the US Department of Agriculture, the same USDA which, despite worldwide opposition, continued to finance the development of Terminator technology, now held by Monsanto.

In the 1990’s the UN’s World Health Organization launched a campaign to vaccinate millions of women in Nicaragua, Mexico and the Philippines between the ages of 15 and 45, allegedly against Tentanus, a sickness arising from such things as stepping on a rusty nail. The vaccine was not given to men or boys, despite the fact they are presumably equally liable to step on rusty nails as women.

Because of that curious anomaly, Comite Pro Vida de Mexico, a Roman Catholic lay organization became suspicious and had vaccine samples tested. The tests revealed that the Tetanus vaccine being spread by the WHO only to women of child-bearing age contained human Chorionic Gonadotrophin or hCG, a natural hormone which when combined with a tetanus toxoid carrier stimulated antibodies rendering a woman incapable of maintaining a pregnancy. None of the women vaccinated were told.

It later came out that the Rockefeller Foundation along with the Rockefeller’s Population Council, the World Bank (home to CGIAR), and the United States’ National Institutes of Health had been involved in a 20-year-long project begun in 1972 to develop the concealed abortion vaccine with a tetanus carrier for WHO. In addition, the Government of Norway, the host to the Svalbard Doomsday Seed Vault, donated $41 million to develop the special abortive Tetanus vaccine. 12

Is it a coincidence that these same organizations, from Norway to the Rockefeller Foundation to the World Bank are also involved in the Svalbard seed bank project? According to Prof. Francis Boyle who drafted the Biological Weapons Anti-Terrorism Act of 1989 enacted by the US Congress, the Pentagon is ‘now gearing up to fight and win biological warfare’ as part of two Bush national strategy directives adopted, he notes, ‘without public knowledge and review’ in 2002. Boyle adds that in 2001-2004 alone the US Federal Government spent $14.5 billion for civilian bio-warfare-related work, a staggering sum.

Rutgers University biologist Richard Ebright estimates that over 300 scientific institutions and some 12,000 individuals in the USA today have access to pathogens suitable for biowarfare. Alone there are 497 US Government NIH grants for research into infectious diseases with biowarfare potential. Of course this is being justified under the rubric of defending against possible terror attack as so much is today.

Many of the US Government dollars spent on biowarfare research involve genetic engineering. MIT biology professor Jonathan King says that the ‘growing bio-terror programs represent a significant emerging danger to our own population.’ King adds, ‘while such programs are always called defensive, with biological weapons, defensive and offensive programs overlap almost completely.’ 13

Time will tell whether, God Forbid, the Svalbard Doomsday Seed Bank of Bill Gates and the Rockefeller Foundation is part of another Final Solution, this involving the extinction of the Late, Great Planet Earth.

Notes

Gates Foundation: From Gvt Radar To RBI Policy Maker

Only last year, in May 2015, the Bill Gates Foundation was being investigated for discrepancies between its accounts and those of the Public Health Foundation of India (in Ahmedabad in Gujarat), a prominent institution in India.

This was part of the Indian government’s decision to put under the scanner a number of subversive NGOs, from the Ford Foundation to Greenpeace.

A little over a year, and the Gates Foundation now has its representative on the RBI board, giving the run around to senior board members and hurrying through an unprecedented cash ban on a scale that is gigantic.

What a transformation.

And what could have led to it?