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Modi’s Demonetization Called “Colossal Failure That Ruined Economy” As India GDP Growth Slumps To 2-Year Lows
Modi’s Demonetization Called “Colossal Failure That Ruined Economy” As India GDP Growth Slumps To 2-Year Lows India’s embattled Prime Minister Narendra Modi faced a double whammy of abuse this week as his nation’s economic growth collapsed to its weakest since Q1 2014 and India’s Central Bank released a report on Modi’s extraordinary “demonitization” plan last […]
China Warns Of “Looming Trade War” With India In Retaliation To Anti-Dumping Duties
China Warns Of “Looming Trade War” With India In Retaliation To Anti-Dumping Duties One of the more under-reported stories – at least among the Western press – are the growing tension between China and India. As reported over the weekend, in the latest escalation, Indian and Chinese soldiers, in addition to the ongoing tense military […]
Video Emerges Showing Clashes Between Indian, Chinese Soldiers
Video Emerges Showing Clashes Between Indian, Chinese Soldiers Late last week, we reported that in the first documented clash between Chinese and Indian soldiers who have been piling up across the border between the two nations over the latest territorial dispute, “Indian and Chinese soldiers were involved in an altercation” in the western Himalayas on […]
Governments to Control Large Cash Transactions
Governments to Control Large Cash Transactions I have been pointing out the crisis we face moving forward. The gist of this is the total fiscal mismanagement of government for which we, the people, are always blamed. This hunt for taxes has led down the path of arguments for eliminating currency. While people think Bitcoin is […]
Indian, Chinese Soldiers Clash Following Alleged Chinese “Incursion”
Indian, Chinese Soldiers Clash Following Alleged Chinese “Incursion” In what may be the first documented clash between Chinese and Indian soldiers who have been piling up across the border between the two nations over the latest territorial dispute, Reuters reports that “Indian and Chinese soldiers were involved in an altercation” in the western Himalayas on […]
China Threatens “Small Scale Military Operation” To Remove India From Bhutan Border
China Threatens “Small Scale Military Operation” To Remove India From Bhutan Border In the latest escalation between two nuclear powers, China has turned the war threat amplifier up to ’11’ by threatening India (in an article published a Chinese state-controlled newspaper) that it could conduct a “small-scale military operation” to expel Indian troops from a […]
India’s Economy Crashes After “Mind-Bogglingly Inane” Tax System Strikes Back
India’s Economy Crashes After “Mind-Bogglingly Inane” Tax System Strikes Back With just a hint of schadenfreude, we note that, following our discussion of “how to destroy an economy”, India’s Composite PMI collapsed to 46.0 in July – its lowest on record (well below the kneejerk lows after demonetization in November) as the “mind-bogglingly inane” new […]
India: The Lunatics Have Taken Over the Asylum
India: The Lunatics Have Taken Over the Asylum Goods and Services Tax, and Gold (Part XV) Below is a scene from anti-GST protests by traders in the Indian city of Surat. On 1st July 2017, India changed the way it imposes indirect taxes. As a result, there has been massive chaos around the country. Many […]
India: Cash is Back
India: Cash is Back But the Crisis has Deepened and has Become More Entrenched (Part XIV) Nobody for President On 17th July 2017, India will elect a new President through a vote of the elected representatives. The two real choices are between Ram Nath Kovind and Meira Kumar. Afraid of looking completely ignorant, I asked […]
First India Bans Cash, Now It’s Targeting Gold
First India Bans Cash, Now It’s Targeting Gold In November of last year, India banned certain cash notes in a bold move to force businesses into the banking system to better harvest more taxes from its livestock. Now, under the guise of “improving transparency” and forming a “common market,” India has begun targeting gold with […]
India: Why its Attempt to Go Digital Will Fail
India: Why its Attempt to Go Digital Will Fail India Reverts to its Irrational, Tribal Normal (Part XIII) Over the three years in which Narendra Modi has been in power, his support base has continued to increase. Indian institutions — including the courts and the media — now toe his line. The President, otherwise a […]
India Outlawing Cash Altogether in 75 Cities
India Outlawing Cash Altogether in 75 Cities The Hunt for Taxes The Prime Minister Narendra Modi announced on Friday the 14th, that 75 cities will be designated cashless/less-cash townships, with an overwhelming 56 of them being in Gujarat. Modi is determined to bring India into the 21st century. He is being cheered behind the curtain […]
India: The next Pakistan?
India: The next Pakistan? India’s Rapid Degradation This is Part XI of a series of articles (the most recent of which is linked here) in which I have provided regular updates on what started as the demonetization of 86% of India’s currency. The story of demonetization and the ensuing developments were merely a vehicle for […]
India – On a Downward Spiral
India – On a Downward Spiral India’s Currency Ban – Part IX India’s Prime Minister Narendra Modi announced on 8th November 2016 that Rs 500 (~$7.50) and Rs 1,000 (~$15) banknotes would no longer be legal tender. Sadly, the despondency visible in the old man’s facial expression has become a widespread phenomenon since the currency […]
