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Home INDIA PARTNERSHIP OPPORTUNITIES

Cashless Society, India, and Big Brother

by Gias
August 13, 2021
3 min read
0
Cashless Society, India, and Big Brother

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“The urge to save lots of humanity is sort of at all times a false entrance for the urge to rule.” ~H. L. Menken

The brief story is that American banking and authorities establishments are partnering on a do-or-die- international ultimatum to shift all international locations from money to digital foreign money. The ultimatum is that if a rustic doesn’t play ball by cooperating, they lose out in commerce since digital will grow to be the default platform.

Quietly, India was chosen to kick-off off the marketing campaign. The so-called “financial-inclusion” drive that began in India November 9, 2016, is something however. Further promotional language states the objective to create “a holistic ecosystem strategy” to unravel the service provider and buyer points restricted by cash-only methods. Translation: Assume… Large Brother.

This well-thought out globalist scheme was not merely the brainchild of India’s Prime Minister Modi.

“In early November, with out warning, the Indian authorities declared the 2 largest denomination payments invalid, abolishing over 80 p.c of circulating money by worth. Amidst all of the commotion and outrage this prompted, no one appears to have taken notice of the decisive function that Washington performed on this. That’s stunning, as Washington’s function has been disguised solely very superficially.” ~Norbert Haering, International Analysis, 1 January 2017

The shock and hardship ensuing has been palpable since India is considered one of the most dependent international locations on a money economic system, particularly for the tens of millions of very poor. Actually in a single day greater than 80% of the worth of money in circulation was extracted, nullifying all 500 and 1,000 rupee financial institution notes. Now avenue distributors and the poor, generally, undergo ever extra. India has grow to be the guinea-pig harbinger of a cashless future, spun as an effort in direction of new financial alternatives. However… for whom?

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The first partnership with the nation of India is India’s Ministry of Finance and The U.S. Company for Worldwide Improvement (USAID). The Past Money report is their supply doc (globalinnovationexchange.org/beyond-cash) but it surely doesn’t finish there. To develop and execute digital cost in India, the US/India partnership launched, Catalyst: “Inclusive Cashless Fee Partnership” “to digitize economies” and to make “on a regular basis purchases cashless.” (cashlesscatalyst.org)

Not surprisingly, the warfare on money has been mounted principally by cost suppliers in IT companies. Their plan, clearly, is to earn more money straight from digital funds or downstream from knowledge, additionally of profit to governments. A few of the larger gamers are the Higher Than Money Alliance, the Gates Basis (Microsoft), Omidyar Community (eBay), the Dell Basis Mastercard, Visa, and the Metlife Basis.

In 2012, the above talked about umbrella group, Higher Than Money Alliance (betterthancash.org), was established with the byline: Shifting from money to digital funds to enhance individuals’s lives. With beneficiant donors, the Gates-Basis and the Grasp-Card-Basis, its membership is of enormous US establishments: MasterCard, Visa, the Ford Basis, USAID, the Gates Basis, Omidyar Community of eBay-founder Pierre Omidyar, and Citi, to call however a number of of its 35 members.

There you’ve it. It is solely a matter of time till we hear of the subsequent nation with a destiny just like that of the most-unfortunate Indian individuals. Will the massive canine proceed to make use of the surprise-attack technique to make sure nobody messes with their marketing campaign? The momentum builds within the curiosity of worldwide enterprise neighborhood to remove money, improve digital funds, and to develop the power of cost service suppliers and mega companies to trace each penny you spend. Are you prepared for the “monetary inclusion” of a “holistic ecosystem strategy” to enhance your life? Ha!

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Source by Susan Boskey

Tags: alabama india business partnerships (aibp)bigBrotherCashlessfintech partnerships in indiafranchise in indiagovt of india joint ventureIndiaindia joint venturesindia mergersindia mergers and acquisitionspartnerships in indiaSocietytop franchise in india
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