Do you remember when was the last time before November 8, 2016 that…

Rupee 1811937_960_7201. The corrupt of the land burnt or shredded or dumped or distributed tens of thousands of crores of their black Rupees just like that?

2. The black money economy saw a real earthquake?

3. The Naxalite funding industry was severely hit?

4. The Kashmir terrorism industry was severely hit along with stone pelting?

5. The global counterfeiting industry was hit hard and had to begin from scratch vis a vis the Rupee?

6. Pakistan was suddenly squeezed financially by India (counterfeiting + terror funding)?

iphone-624709_960_7207. Mobile data/online payments/debit/credit cards/PoS devices/bank accounts/PayTM… etc (Phew!) all got a sudden simultaneous fillip.

8. The corrupt of the land were actually scared of a Prime Minister?

9. Political party funding went for a toss all across India?

10. Public utilities suddenly received back payments in cash including monthly and yearly backlogs.

currency-1843349_960_720And more importantly: All in one stroke?

Boss, neither do I!

#Demonetization

P.S. In large countries, India currently has the highest GDP growth rate in the world!

The #Demonetization debate rages on…

Rome wasn’t built in a day.
—From an old French saying.
Rome Rajya can’t be dismantled in a day.
—New Indian saying.
(So far on track. #Demonetization)

Pappu says demonetization worse than Hiroshima.
For him its true.
After Hiroshima, Nehru-Indira-Rajiv became Prime Minister.
After demonetization, no Nehru-Gandhi dynast may ever become PM.

There’s some major magic-voodoo in #Demonetisation.
Modi Haters are seriously inconvenienced with rotten luck.
Modi supporters managing though.

These versions by Sunil Rajguru

25 great stories out of #Demonetization…

1. Black money economy severely hit.
2. Corrupt people finally lose their money by dumping or burning.
3. Poor get some commission for conversion, benefits them.
4. Push towards more and more bank accounts.
5. Cashless economy push.
6. Counterfeit notes checked.
7. Terrorist funding checked.
8. Dawood funding checked.
9. Hence Pakistan checked (6. to 8.). Financial terrorism stops.
10. Underworld funding checked.
11. Naxalism funding checked.
12. More Naxalites being arrested.
13. India’s mindset changed, habits will change.
14. Black money folks finally afraid and things will become more difficult.
15. Black money political funding hit, especially during elections.
16. White economy boosted.
17. India now seen as a less corrupt country in the world.
18. Tracking black money made easier.
19. Money laundering under sharp focus.
20. Government tax revenue increases.
21. Hawala industry under sharp focus.
22. Circulation of money increases in India, black money hoarding stagnation hit.
23. Utilities flooded with old notes and become flush with funds.
24. Temporary normalcy in Kashmir showing how unrest was funded with black money.
25. Advance tax up and many get salaries in advance.

2 main focus areas of #AdarshLiberals and mainstream media…
1. Queues. Queues. Queues. Queues. Queues. Queues. Queues. Queues. Queues…
2. Modi will lose 2019.
(After shouting from rooftops that he will lose 2002, 2007, 2014 etc)

(C) Sunil Rajguru

Yet more #Demonetization musings…

Roti, kapada, makaan, bijli aur bandwidth.
—Late NASSCOM chief Dewang Mehta.
Now “bandwidth” is the key for our march to cashless economy.

Most people in India must be thinking that cashless economy simply means no availability of hard cash.

IAF.
We fight wars.
We go in overdrive during earthquakes and floods.
We also fly money during #Demonetization to sort out cash crunch!

Ask not what you can do for the country but what the country can do for you in terms of looted money.
—Politicians in the Pre-#Demonetization era.

These versions by Sunil Rajguru

5 less discussed benefits of #Demonetisation…

pension-3723086_1280While there has been a lot of focus on the short-term hassles faced by the common people thanks to the #Demonetisation of the old Rs 500 and Rs 1000 notes and laments that the corrupt will find a way to offload money, a lot of people are missing the long term benefits of such a move.

1. The corrupt will lose money: How much black money is there in India? Nobody really knows though most of the estimates are in the tune of lakhs of crores of Rupees. While some of that is in gold, benami property and foreign bank accounts, there is no doubt that quite a lot of it is hoarded in Rs 500 and Rs 1000 bundles in households all across India.

The corrupt will not be able to offload all the money. Some they will be able to convert themselves, some will be passed off for conversion to others and even given away (good for the recipients). But the rest will miss the deadline and have to be burnt or thrown away.

This is already happening even though it’s been just a few days after the announcement. Burnt notes are being discovered all over India and many sacks are being dumped in dustbins! If any person finds that, then it will be a windfall of tens of thousands of Rupees (an amount easily convertible) at least.

But the corrupt will lose their black money in large numbers. That itself is a huge win from the scheme. It will take a few months for experts to figure the exact amount which is likely to be quite huge.

2. Counterfeiting just became super difficult: The Rs 500 Rupee note was introduced in 1997 and the Rs 1000 one in 2000 years. Once the counterfeiters mastered the art of duplicating them, it became a huge cash cow for them.

The Indian government has failed to check this menace and in certain border areas it has got so bad that the people have no idea which are the real notes and which are the fakes. In fact, many small shops in small towns all over India don’t accept high-denomination notes, which is a real pain for customers.

Now come the new notes and counterfeiters will have to start from scratch. News reports said that intelligence agencies have taken a look at the notes and declared them virtually impossible to duplicate. Let’s hope they are right.

3. Second #SurgicalStrike on Pakistan: While everyone knows of Pakistan’s direct wars and terror group attacks, a little discussed fact is their policy of economic warfare. Pakistan prints fake Indian notes with impunity and one commentator even joked that now the Pakistani economy would crash!

A bigger problem is that terror groups enter India with this fake currency. Those fake notes not only sponsor their terror operation but they also destabilize the Indian economy, so it’s a double whammy for us.

Post-9/11, Pakistan was on the ascendant. They re-cemented their ties with America and got flush with funds while America looked the other way. That’s why it was quite easy for the ISI to run an elaborate fake Indian Rupee operation.

However now the new notes are more difficult to counterfeit and the new US President Donald Trump may not be that favourable to looking the other way for all of Pakistan’s illegal activities. This is probably India’s second #SurgicalStrike on Pakistan this year and they have been checkmated.

4. Bad notes will exit the market: Anyone who has studied basic economics will know that after the Gold Standard was cancelled internationally and thanks to fractional-reserve banking, any government can print as many currency notes as it likes.

The only problem is that the more notes they flood into the market, the weaker the Rupee becomes and problems like inflation come up. The counterfeit money flooding the market has the same effect.

Well now as discussed above, first a lot of money is going to be burnt and thrown out. Second counterfeit money will be eliminated and more won’t come for some time. These “bad notes” will be taken out of the market and the spending power of the Rupee will go up.

5. Forward step towards a cashless economy: A cashless economy is quite convenient, easier to track for the government and discourages black money. (I am not talking about Swiss banks for the rich but the day to day activities for Indian citizens)

While a good chunk of India has embraced online banking, shopping, ticketing, taxis… a part of India is unwilling to try it out. However this move will make them see it in a new light.

For one thanks to the great inconvenience due to #Demonetisation in the next few months, a lot of Indians will switch to cashless transactions for what they think is a temporary measure, but they could well get hooked to it.

The Indian government has been pushing for the same and it has just received a fillip.

(This article appeared in Sify.com)

Yet more #Demonetization musings…

America: Credit is king.
India yesterday: Cash is king.
India today: Cashless is king.

Modi—Cashless.
Kejri—Useless.
Pappu—Brainless.
Mamata—Witless.
Sonia—Powerless.
Opposition—Purposeless.
Ole black money—Worthless.

Sonia agitating in the streets and giving interviews.
Pappu standing in ATM lines.
Both already appeared in court like commoners.
#AccheDin

By the time the Opposition finishes with its nautanki and the courts finish analyzing it, #Demonetization would have been fully implemented.

For most Opposition parties, Demonetization is nothing but Demoralization.

Take news channels seriously and it’ll appear that in the last 10 days, 100 crores have been standing in line for 10 hours a day.

During recession…
“No vacancy” at offices.
During #Demonetization…
“No cash” at ATMs.

Khokas and Petis.
Post #Demonetization
Petis become khokla.
Khokas become petty.

Dear Mamata,
Widespread 2002 “pakki khabar” headline…
Vajpayee will remove Modi from politics.
Uske baad na jaane kitne aaye aur gaye hai!

When you try to dress up black money as white…
Kaale kaale mukhde pe gora gora chasma.

Sad to see Opposition leaders press the self-destruct button one by one.
They are bent on making Modi a dictator post-2019.

These versions by Sunil Rajguru