Demonetisation Myths busted: Deaths, Disruptions, Cash Shortage, Bad execution and Minorities

demonetization

Image Courtesy: Business Standard

Probably Narendra Modi, if nothing else, will go down in history as one of the boldest Prime Minister who ever administered INDIA. Courtesy demonetization, the volatility that the Indian economy is subjected to, will have a deep impact in the long run. However, there are some issues, that are not only confusing, but equally baffling, and worse, the rumor mongers, now led by over qualified economist and unfortunately once, our Prime Minister, Manmohan Singh, are hell bent on capitalizing on this confusion to create panic among the masses, and bake their political breads with an evil toast.

Approximately 35 days have passed ever since Narendra Modi announced the removal of Rs. 500 and Rs. 1000 notes as legal tender. While the general masses are overwhelmingly in support, despite having to wait for hours to make their ends meet, several leaders of opposition, who were stumped by this bold decision, accused the Prime Minister Modi and the NDA led Central Government of playing with the sentiments of the masses, imposing an undeclared emergency, and several other crimes that you’d mostly find in the rule book of a hypocrite, certified pseudo secular politician.

However, the present confusion, regarding the availability of cash, and the rampant raids on commercial banks and legal firms, along with the emergence of nonsense statements, has put INDIA into a state of absolute chaos. While the deaths happening in the bank queues are being grabbed by cannibalistic politicians like Arvind Kejriwal and Rahul Gandhi for their cannibal politics (I won’t call it vulture, because scavengers clean the surroundings, not make it dirtier), opportunists like Asasuddin Owaisi and Mamata Bannerjee are giving it a communal color, aiming to incite riots and create chaos, which would in turn topple the Modi led government, and fulfill their selfish interests at the cost of the nation’s prosperity.

However, the truth is stark different. Here are some excuses, made by top rumor mongers and popularized by cannibal politicians, that are roasted alive when placed on the altar of facts and logic:-

  1. Cash crunch is severely affecting the common masses –

While Cash crunch is not exactly a myth, it is not completely a reality. Yes, there are still queues, and there are still ATMs, with less to negligible cash available. But the situation is different in different regions. Places like Jodhpur, Indore, and Patna have zero to negligible queues, or maybe, minimal queues that don’t affect people much. In states like Jammu & Kashmir, there are negligible to no queues at all, whether at ATM, or the main banks.

Even in Kanpur, where I live, there is not much cash crunch. Banks are ready with the cash, though there are ATMs that still need to be recalibrated. Compared to the rumor of only Rs. 2000-5000 being allowed as withdrawal, we have a max cap of Rs. 10000 per day in withdrawal, and old notes can still be exchanged at the banks. You can even deposit up to Rs. 50000 per day, in old or new notes, in the banks, though the rules differ from bank to bank.

Curiously however, some places like Lucknow, Pune etc. have minimal to negligible cash. The customers accuse banks of stashing bundles and reserving it for black money hoarders, while banks allege that RBI hasn’t sent them the requisite supply. Where is the management actually going wrong?

  1. Over 90 people have died due to demonetization; Modi is playing with their lives

In an age, where social media and sites like Wikileaks are compelled to do the job the mainstream media is actually responsible for, it is very tough to ascertain how many people have actually died during the process of demonetization. While stress, anxiety, and maybe rejection can be some of the chief causes, the exact number might be not more than 50. But if this is the truth, and it is revealed to the public, then how will opposition succeed in their game of treachery? Given how our mainstream media is working hand in glove with scheming, cannibalistic politicians, if one person is genuinely dying in the queues at the bank, the mainstream media will kill at least 5 more unfortunate souls to capitalize on the misery. While any death in any process of cleaning INDIA is bizarre, and should be avoided, capitalizing on such deaths to create panic among the general masses for one’s own selfish interests is not EMPOWERMENT EITHER! While any death from an unnatural cause is saddening, relating it to demonetization without even analyzing the basics is disgusting, to say the least.

  1. ATMs are not working in minority dominated areas

Probably one of the most bizarre accusations ever heard against demonetization, this was made by head of communalist ALL INDIA MAJLIS E ITTEHADUL MUSALMEEN (AIMIM), Asaduddin Owaisi, who is expert, like his ancestors, at playing the dirty game of divide and rule. He alleged that areas with domination of Muslims have little to no cash, while areas with Hindu or other religion domination have ample cash in their kitty. Has Owaisi gone nuts? Come on, this is not 1946, or even 1984 or 1990, when such tactics would work. If an ATM is out of cash, the problem is same for everyone. Why would any religion and the followers benefit from this problem? However, given the timing of his statement, exactly a couple of months before the elections in Uttar Pradesh, one can smell of conspiracy, exactly of the kind that was hatched to befool the masses in Delhi and Bihar in 2015. Do we want more people to suffer? Now that major opposition parties have been caught in a sting operation distributing and exchanging black money, it is another matter altogether if their accusations on demonetization even stand worth a penny!

  1. Demonetization is making INDIA suffer, only Bhakts are supporting it

This is probably another attempt to link demonetization with the overused vocabulary of pseudo secular, liberal retards, who deride nationalism as if it’s a branch of terrorism. Anyone, who even supports this move logically, and with hard facts, no matter how learned and distinguished, is dismissed as a mere sycophant of the BJP – RSS’ nationalist ideology, or simply put, mocked as ‘Bhakt’. Okay, if you hate demonetization, then suggest us better ways to avoid the hassles in implementation, help people out. Why put Parliament and the nation on ransom, despite the President’s displeasure? But then I remember, the opposition is filled with jealous, autocratic snobs, who hate anybody with substance in power.

Why to go far, when S.  Gurumurthy, a chartered accountant, countered the nonsense put by Nobel Prize winning economist Amartya Sen (How he won that prize is still in doubts), including his own belief that Rs. 2000 notes are introduced as temporary measures he was derided as a Bhakt, with a following title by popular blog, DailyO.

RSS FIELDING S. GURUMURTHY TO TAKE ON AMARTYA SEN PROVES INDIA’S RIGHT HAS NO REAL ECONOMISTS.

Okay, I understand the bias of several media persons, who have their allegiance under siege after demonetization, but deriding any logical counterattack to their so called accusations just takes it too far. India’s Right, or in reality, the custodians of alternative ideology, according to the liberal retards, have no real think-tank. Really? EVER HEARD OF BIBEK DEBROY? If not, then read the following:-

  1. Very few people in India have access to banks: Dr. Manmohan Singh

This is one argument that seriously needs some roasting, especially when it has been made by an influential figure in Indian politics, unfortunately once our Prime Minister, Manmohan Singh. According to this Prime Minister, demonetization is a mammoth tragedy, which has severely harmed the honest Indians. He even labeled it ‘State Organized Plunder’. Interestingly, Manmohan Singh is the same shameless PM, who intentionally stayed silent while scams like 2G Scam, Coal Scam, Augusta Westland Scam, under the royal patronage of Sonia Gandhi and Rahul Gandhi, robbed INDIA of billions.

To counter the so called claims of Manmohan Singh, eminent economist Dr. Bibek Debroy wrote an opinion in the editorial of famous newspaper THE HINDU, which ripped every accusation on demonetization and Modi government left, right and center.  To quote him verbatim, he began with a nice roast:-

Just as non-cash shouldn’t mandatorily be imposed, neither should cash. Why has this not figured on a reform agenda between 2004 and 2014, or much earlier?

“The road to hell is paved with good intentions”, mentioned Dr. Manmohan Singh in his article, “Making of a mammoth tragedy”…………If we don’t go back to Virgil, but treat this as a proverb, there is an alternative version too: “Hell is full of good meanings, but heaven is full of good works.” 

A permanent member of NITI Aayog, Dr. Debroy even countered Manmohan Singh’s claim of six hundred million Indians having zero bank accounts. To quote him, ‘Bank nationalisation was meant to spread banking services. Is it true that more than 600 million Indians live in a town or a village with no bank? Forty-seven years after 1969, that can’t be right. ………….I prefer to believe the country’s Prime Minister. “Just 10 years back only three out of every 10 households in our villages were benefiting from banking services. Today more than half of the rural households get the benefit of bank accounts. It will be our endeavour to ensure that all households benefit from bank accounts in the next two years.” 

To think logically, Dr. Manmohan Singh, if I’m not wrong, was at the helm of India’s economic affairs from 1972 to 2014, a staggering 42 years. Be it the Chief Economic Adviser, or the Reserve Bank of India, or the Finance Minister, or even the Prime Minister of INDIA, Manmohan Singh was involved in the country’s economic decisions. If still after that, provided we believe this person, six hundred million INDIANS don’t have bank access, then what was he doing for those 42 years?

To sum it up, who is actually misleading INDIA on demonetization?

Is it the bankers, who are mismanaging with the hard earned money of ours? Or is it the mainstream media, hand in glove with scheming politicians, including people like Arvind Kejriwal, Mamata Bannerjee, Manmohan Singh? To speak the truth, it is somewhere our own fault, as common INDIANS, if we still believe these hate mongers and monsters after witnessing so many betrayals of theirs! But it’s still not late, provided we wake up and tell these idiots. We did it once with making their Bharat Bandh a colossal failure. Let’s do it again, till INDIA wakes to prosperity.

Source:-

http://www.thehindu.com/opinion/op-ed/Asking-the-right-questions/article16793777.ece

http://www.opindia.com/2016/12/this-is-why-so-many-money-launderers-are-getting-caught-and-it-will-only-get-worse/

http://www.huffingtonpost.in/2016/11/17/day-9-demonetisation-death-toll-rises-to-55/

http://www.dailyo.in/politics/demonetisation-s-gurumurthy-amartya-sen-narendra-modi-rss-kaushik-basu-larry-summers-kenneth-rogoff-paul-krugman/story/1/14523.html

http://postcard.news/big-breaking-congress-ncp-bsp-sp-jd-u-caught-major-sting-operation-exchanging-black-money-2/

http://postcard.news/big-expose-previous-congress-government-rbi-involved-printing-counterfeit-notes-500-1000/

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