Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Margaret Sanger's Eugenic Legacy of Death, Disease, Depravit -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (661)

11/16/2016 6:12:55 PM

From: Brumar89

Read Replies (2) | Respond to of 1308

Everything is going to implode? I guess cause there's too many people, right?

I hope those countries don't start dropping nuclear bombs, but if they do it's not going to be because the masses of people drive them crazy.

Speaking of India, did you know about this?

This week over half of the truck drivers in India walked off the job, ultimately paralyzing commerce. Truckers could not afford to drive because ATMs in India ran out of money. Indians had begun withdrawing cash out of fear of the Indian government’s plan to call in large denomination bills. The government is withdrawing 500-rupee and 1000-rupee bills (1000-rupees is worth slightly less than $15.00) which accounted for over 85% of the bills in circulation.

The old bills will be replaced by new 500-rupee and 2000-rupee bills. By calling in large bills, Prime Minister Modi intends to force savers to put their cash in the bank, where it can be taxed. Over 20% of the Indian GDP is beyond the current reach of taxation. Already $44 billion has been placed in new bank deposits, which could be subject to tax if not previously reported as income. Unfortunately, this recall of bills has caused a cash panic that is paralyzing commerce, halting the flow of goods, and has created a huge surge in the demand for gold.

There is a worldwide push by the global elites to stop tax evasion and push all commerce to credit cards. Over the long term, this will be very bullish for gold