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Tag Archives: Jayant Bhandari
India’s Experiments with COVID-19
India’s Experiments with COVID-19 Shooting from the Hip Reminiscent of his demonetization effort in 2016, on 24th March 2020, Indian Prime Minister Narendra Modi, appeared on TV and declared an immediate nationwide curfew. No one was to be allowed to leave wherever he or she happened to be. All flights, trains (after 167 years of […]
Canada: Risks of a Parliamentary Democracy
Canada: Risks of a Parliamentary Democracy A Vulnerable System Parliamentary democracy is vulnerable to the extremely dangerous possibility that someone with very little voter support can rise to the top layer of government. All one apparently has to do is to be enough of a populist to get elected by ghetto dwellers. Economist and philosopher […]
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 […]
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: 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 […]
Modi’s Great Leap Forward
Modi’s Great Leap Forward India’s Currency Ban – Part VIII 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. Linked are Part-I, Part-II, Part-III, Part-IV, Part-V, Part-VI and Part-VII, which provide updates on the demonetization saga and how Modi is acting as a catalyst to hasten the […]
“Gold Is Now Effectively Illegal” In India – The Consequences Of Creating A Cashless Society
“Gold Is Now Effectively Illegal” In India – The Consequences Of Creating A Cashless Society Jayant Bhandari warns “there are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal” as he discusses India’s attempts to create a cashless society (and consequences of it) and why precious metals and geographical […]
Gold Price Skyrockets in India after Currency Ban – Part IV
Gold Price Skyrockets in India after Currency Ban – Part IV A Market Gripped by Fear The Indian Prime Minister announced on 8th November 2016 that Rs 500 and Rs 1,000 banknotes would no longer be legal tender. Linked are Part-I, Part-II and Part-III updates on the rapidly encroaching police state. The economic and social mess that Modi has created […]
Gold Price Skyrockets in India after Currency Ban
Gold Price Skyrockets in India after Currency Ban India’s Government Makes Banknotes Worthless by Decree Overnight As I write this in the morning of 9th November 2016, there are huge lines forming outside gold shops in India — and gold traded heavily until late into the night yesterday. Depending on who you ask, the retail […]
