#CanadaTruckers
The importance of staying with cash....
Recent events in India and live events in Canada expose the citizens to the risk of staying with a banking system.
The importance of staying with cash....
Recent events in India and live events in Canada expose the citizens to the risk of staying with a banking system.
Indians remember how demonetization reduced their cash to trash and also remember how government restricted withdrawal of cash from banks to 2000/2500/4000 on a daily basis because of its own failure to plan replenishment of notes after a draconian and sudden decision to…
…demonetize currency.
In Canada, the government has frozen bank accounts of citizens who are supporting the Freedom Convoy. This is being seen as a mighty transgression on people's rights.
In Canada, the government has frozen bank accounts of citizens who are supporting the Freedom Convoy. This is being seen as a mighty transgression on people's rights.
It is also being seen as breakdown of trust between bank customers and banks and the abandonment of fiduciary responsibilities of a bank towards its customers.
As a result, there is a run on the banks as citizens are rushing in to take out their cash from banks fearing the emergency powers assumed by Canadian Government.
It has been said that Power Corrupts and Absolute Power Corrupts Absolutely. (- John Dalberg Acton).
It has been said that Power Corrupts and Absolute Power Corrupts Absolutely. (- John Dalberg Acton).
We can see that happening almost everywhere in the world. Countries and leaders of Canada and New Zealand were thought to be young leaders who cherished democracy. But a vaccine mandate and a certification mandate has been their undoing.
They are ignoring the science and creating an alternative narrative.
The result is that the world around them is now erupting.
And instead of applying soothing balm they are tightening the screws.
The result is that the world around them is now erupting.
And instead of applying soothing balm they are tightening the screws.
This is only because they think they have absolute power and can get away with anything.
In India too, Narendra Modi thinks of himself as King and Master instead of behaving like a servant of the elected masses.
In India too, Narendra Modi thinks of himself as King and Master instead of behaving like a servant of the elected masses.
His actions of demonetization, GST, lock down reek of his high handed behavior. The cabinet system of collective responsibility has been decimated. He thinks he can do no wrong.
And when a wrong becomes apparent, he thinks he need not accept or acknowledge that things have gone wrong. All classical signs of a megalomaniac and a pathological narcissistic personality. Yet he continues to run the government.
I have always advocated use of cash and minimum use of banks. The banks are the new frauds foisted on humans. Yes, digital transactions are convenient but they come with the risk of government blocking your bank accounts.
And digital currency will be worst.
And digital currency will be worst.
By just pressing a few buttons or changing code all digital currency may be rendered useless even before you are able to queue outside an ATM to withdraw any that you have.
You have been warned. And I can easily be classified as an Urban Naxal.
You have been warned. And I can easily be classified as an Urban Naxal.
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