DEMONETIZATION:
A CALCULATED MOVE OF A SINISTER DESIGN
So, this step is to accelerate the third generation reforms as part of the imperialist globalization policies. It is to facilitate currency regime-integration as part of capital integration, market integration and tax and tariff rigime integration. Each of the said necessitates the rest.
Modi has knowingly discredited rupee; and, has now asked everybody to go for cashless transactions. Next , we can see afluent segments of the society moving on to foreign currencies in their preferences in transactions. It becomes easy when the transactions are made cashless. Sovereignty of Indian Rupee, not alone its value, is seriously mauled. This had been the case in African countries those massively demonetized their currencies.
It is a well calculated step to suit the sinister design to unmake the republic, to dilute its economy enough, to dismember its financial institutions so that, forces of Finance Capital can handle it.
Yes, it is a methodic madness..
Sure that it is clownishly delivered.