Tag Archives: black money

Modi and Demonetization: A Fraudster and a Financial Fraud

The ongoing demonetization has hit hard on people and even harder on Dalits and Adivasi. The excuse for demonetization is supposedly ‘black-money’. The plan has wrecked havoc, especially on rural economy – the lifeblood of Dalit Bahujans. Millions have become jobless over night. Small survival-businesses are shutting down in alarming rate because lack of demand. Dalits and advasis are hardest hit. Their situation is further worsened.

From the very outset we are saying Modi is a Bania man but managed to become an OBC in early 1990’s. He has exploited the 54% OBC people’s sentiment to telling effect for his own Bania men and his masters’ interest – the Brahmin.  He has done nothing for OBCs, neither during the tenure as CM of Gujarat nor during his current tenure as PM. Yet the population, especially the majority OBCs are following blindly like the Nazis who followed Hitler.

Modi is aptly named as ‘feku’ because the ease and normal ways he lies and fakes everything he speaks and does without sounding suspicious. He had lied about his marital status, lied about his qualification, lied about his origin and lied about everything. He was not a ‘chaiwala’ (tea seller) as he himself is portraying to win over poor masses. He had a great childhood and even visited USA before his political career. The evidence along with photos is in public domain for everyone to see.

The much publicized Gujarat model of development is a total lie and cut-paste work of Photoshop.  The photoshoped works were made viral to every section of unsuspecting population by hiring a US based PR agency. Many national and international reports including that of UN clearly expose the Gujarat model. The state is not even in the top 5 states in India. Poverty, malnutrition and notably atrocities against Dalits and women are too high.

Modi rose to become Prime Minister on the back of tall promises. He promised to bring back black money stashed abroad in 100 days, promised to allow OROP (One Rank One Person) to army people within 100 days, promised to create 20 millions jobs every year, and many promises, none of which he has fulfilled till date.

Modi fighting black money Is like porn stars talking about virginity. BJP had spent an estimated 5 billion USD in last Lok Sabha election. It is an open secret that Modi was using Ambani’s chartered flight during election campaign and contribution of Gautam Adani and Ambani are obvious. During his tenure as CM in Gujarat Adani had acquired thousands acres of land at price less than $1 per square meter.

Coming to current demonetization process, one cannot help but wonder a person who used to say majority of black money are stashed abroad by minority few suddenly sees black money in everyone’s pocket. The move was to help Modi’s political funders like Ambani and Adani who owe trillions of dollars to banks and had driven banking sector to near bankruptcy. A bail out was badly needed.

This year the Moody’s group had predicted that Indian banking system is on the verge of collapse due to huge non-paid debt by borrowers. The demonetization plan was made to rescue banks, write-off debts of crony-capitalists, and help businesses like JIO and Paytm, who are cashing in out of people’s miseries. As saving from public started pouring into bank Govt promptly wrote off around 6000 Crores of corporate debt.

Another side but very important objective behind the move was to render opposition cashless before UP and other state elections. BJP is minority in Rajya Sabha and naturally wants to win a big state like UP that sends large number of MPs to Rajya Sabha. Report has that BJP, its ally TDP and friendship circle knew the Govt’s plan of demonization beforehand and thus converted their black money into white. The BJP unit in Bihar caught acquiring huge tract of lands in the first week of November. Just hour before announcement the BJP Bengal unit deposited around 3 crores in one of the nationalized bank. One of the BJP office bearers in Punjab had tweeted a selfie with a wad of RS. 2000 notes before announcement by Modi.

During the first quarter of this year, the BJP government has increased outward remittance limits by Indians from $75, 000 to $250, 000, and as a result around 450 billions USD flew out of country. It is safe to assume the BJP, the hydra head monster RSS which has countless organizations under its umbrella, and BJP’s industrial friends have exploited the legal loopholes to stash their money abroad.

This year also witnessed import of high quantity of valuable items including gold. RBI’s own data shows during the second quarter of current financial year, deposits in all banks have increased substantially compared to early years. These facts clearly point out that a select few has prior information about demonetization.

The demonetization has caused massive troubles for people especially the Dalits and adivasis. Most of them don’t have bank accounts, are illiterates, and work as laborers and run small businesses. Suddenly they found themselves unemployed. They can’t exchange whatever the cash they have because they neither have bank account nor have identity information. Dishonest upper caste people are exploiting them by paying 3 or 4 100 rupees note for every 500 rupees exchanged. The productive Dalit and tribal have lost countless productive hours because of the Manuwadi Nautkani (mischief).

The chronic corruption problem in India is not due to 60 years rule of Congress rather it is rooted in their corrupt culture. Corruption is a way of life of Indians.  Since ages the non-productive upper caste masses, especially the Brahmins, have lived luxurious lives by extorting money, lands and resources of Dalits Bahujans. After independence the same practice followed in different form albeit the Birtish introduced democracy.

It is to be noted that India is socially most unequal country in the world and second most in economic inequality. And the victims of corruption are none other than the mulnvasi (indigenous) Dait Bahujans. The demonetization, which is nothing but legalized corruption, is all set to push Dalits and Bahujans back to why they were before advantageous British rule.