Wednesday, December 14, 2016

[IAC#RG] Cyclone Vardah, internet collapse exposes plastic money

Cyclone Vardah knocked out NIXI's Chennai internet gateway connecting India to Singapore and Far-East.
Internet services all accross India were affected.

In Chennai it is near total collapse of internet and mobile infrastructure which is slowly limping back. However, violence started breaking out at fuel pumps as debit / credit cards could not be processed. Banks and Hospitals were not functioining, very few have new cash. Last time this happened in December 2015 people could manage because they had cash, this year Cyclone Vardah has exposed the hollowness of Modi's digital money drive which is built upon temporary mobile towers which can be sealed or knocked out by nature.

Already sensible people are calling for a return to metal based real economy with real money backed by gold or by gold itself, and where Central Banks are not allowed to print excess paper money to finance loan theft or to keep piling on plastic credit debts like the bankrupt Western economy model which our allegedly "personally involved in corruption" PM Modi is selling as his demonetisation resultant acche din formula.

RP Dalvi


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