Monday, December 26, 2016

UN and Obama March Into Irrelevancy After Anti-Israel Resolution

The United Nations passed a resolution against the settlement activity of the state of Israel. 

Actual text here contains the following: 
- Reaffirms that the establishment by Israel of settlements in the Palestinian  territory occupied since 1967,  including East Jerusalem, has no legal validity and constitutes a flagrant violation under international law and a major obstacle to the achievement of the two-State solution and a just, lasting and comprehensive peace;
- Reiterates its demand that Israel immediately and completely cease all settlement activities in the occupied Palestinian territory, including East Jerusalem, and that it fully respect all of its legal obligations in this regard.

Interestingly, Venezuela, one of the countries that proposed the resolution, has its own problems.
Venezuela is printing a 20,000 bolivar note - CNN Money, December 5, 2016
Venezuela is too poor to import food and medicine. So why is the government still paying off its debt? - Quartz, December 20, 2016

The Venezuelan government must feel so strongly about this issue that they need to take time away from focusing on solving their own crises that they must speak out against Israel's 'crimes'. Maybe the article from Quartz should be updated to 'Venezuela is too poor to import food and medicine. So why is the government sponsoring biased resolutions against Israel?'

This resolution is nothing but one-sided as it could potentially:
 - weaken the negotiating position of Israel 
 - encourage enemies of Israel to withhold concessions and escalate military aggression
 - enable any country to label Israel as a rogue state
 - create a foundation to institute economic sanctions and travel restrictions on Israeli citizens
 - establish a basis for a future UN resolution declaration of a 'Palestinian state'

This sounds like a punishment. But, importantly, it will only increase and not mitigate the probability of war in the Middle East.

The UN has an extreme anti-Israel bias as evidenced by the 226 resolutions concerning the 'Israel and Palestine' issue since its founding in 1948 - see the full list here. Many of these resolutions contain language such as 'condemns' and 'deplores' against Israel.

My friend, Menachem Robinson, who lives in Israel, articulately refutes the UN position in a blog post from over a year ago:

Who Owns This land? - Absolute Truth, August 10, 2015
With the second exile in the year 68, some crazy Roman renamed the country Palestine (mostly because he couldn’t pronoun Philistine). Even in the almost two thousand years, that the country was called Palestine, there was still a presence by its designated owner, the Jews. Before 1948, the Palestinians were the Jews. I have neighbors who were born here before 1948 who joke about the fact that they were the real Palestinians. They became Israeli’s when the country was once again named Israel. In 1964, with the forming of the Palestine Liberation Organization (a terrorist group), they started a very well organized propaganda campaign and pretended that the Arabs who live in Israel were the real Palestinians.

The British Mandate (in effect, British rule) of Palestine, including the Balfour Declaration, was confirmed by the League of Nations in 1922 at the San Remo conference. It came into effect by treaty in 1923. The boundaries of Palestine were drawn by the British and included modern Jordan, which was called Trans-Jordanian Palestine (you mean there is a Palestine that exists today that is much bigger than Israel?). The declaration included the wording “His Majesty's government view with favor the establishment in Palestine of a national home for the Jewish people.

This eventually led to the establishment of the State of Israel in 1948 by the newly formed United Nations. The problem was that the UN took away 82% of the land designated for the Jews including most of the area that was biblical Israel. It was well known that the United States State Department advised the then President Harry Truman to sign in favor of the Jewish state, but only because the US was convinced that 4 mighty Arab armies would obliterate this new nation. How noble of the US and many other Jew-hating countries who thought they had the next final solution. Hashem had other plans. To this day the US military will never teach the tactics of the Israeli army used in the 1948 war since miracles aren’t part of military tactical training. Israel had no usable effective army, no armament with which to fight and only One top General to lead them – Hashem. I guarantee that Israel in every conflict that followed (1956, 1967, 1973, 1982, 1991, 2006, and all the terrorist attacks in between) was not as mighty as they thought and had to rely on great miracles to experience the success they enjoyed.

So what does it mean when you see in the news how Israel is constantly trying to occupy Arab land? It is the most effective propaganda from terrorist groups and has the complete support of the Jew-hating media and Jew hating-nations of the world. All of the land from the Jordan River to the Mediterranean Sea is Israel. The only way that land can be given to someone else is by a legal treaty such as the treaty that resulted from the San Remo Conference, 1920. That treaty officially by international law gave the Land of Palestine back to its owners, the Jews. The UN resolution of 1947, the Oslo Accord of 1993 and any other bogus agreements to give the land away are not legal by international law – it can only be accomplished with a treaty. Another consideration is that any country that is attacked and wins territory in that war, keeps it. Why does Israel have to give back land to Arab terrorist organizations after Israel won the war – land that belongs to the Jews in the first place?

The Arabs of the Middle East have about 650 times the amount of land that the Jews have. If we talk about Islamic countries, we increase to over 1000 times the land area that the Jews have. The Jews are in great shortage of land, the Arabs are not. What is even worse is that the Arabs don’t even want the land. When we hear speeches in English they talk of the horrors of the Jews stealing their land. When they talk in Arabic (in their mosques, for instance) they tell their true agenda – we want all the Jews dead. What is even sadder is they say “first the Saturday people, then the Sunday people.” In other words the bottom line is to kill all the infidels and make the entire planet Islamic. They are making great strides since the Jew-hating world supports their efforts even though it would mean the demise of all non-Jewish nations. I wish Israel’s propaganda was that good!!!!!

The Israeli Perspective

According to the Torah, it is permissible for Jews to give up land if it will save lives. In fact, there were Orthodox rabbis that supported this 'land for peace' process during the negotiation of the Oslo Accords. Due to continued acts of terror, they abandoned their support for the process. A more recent example of this failed concept was the Israeli disengagement from Gaza in 2005. This move did not enhance security for Israel as evidenced by the rise of Hamas and the subsequent military engagements in Gaza. [Just view details on the Hamas charter here or here - some examples: 'strives to raise the banner of Allah over every inch of Palestine' and 'there is no negotiated settlement possible. Jihad is the only answer.'] It would be completely naive and foolish of Israel to turn over additional disputed land in the hopes that a moderate party can take over. There can only be a negotiated resolution between both parties.

The Arab Perspective

But, aren't the Israelis just dragging their feet? Yes, they hold the land and are running out the clock. But haven't countries over the past thousands of years done the same thing? Israel has been repeatedly attacked, has won wars and has maintained possession of their land. Russia just annexed Crimea two years ago. In the height of hypocrisy, Russia voted in favor of the UN resolution.

So, what about all of the displaced individuals of the 'Israeli occupation'? How can there be justice for them? Congressman Jerrold Nadler drafted a bill in the US House of Representatives that puts things in a different perspective:

H.R.4664 - Displaced Jewish Refugees from Arab Countries and Iran Act.


It contains the following:
A comprehensive peace in the region will require the resolution of all outstanding issues through bilateral and multilateral negotiations involving all concerned parties.

Approximately 850,000 Jews were displaced from Arab countries and Iran since the declaration of the State of Israel in 1948.

The United States has demonstrated interest and concern about the mistreatment, violation of rights, forced expulsion, and expropriation of assets of minority populations in general, and, in particular, former Jewish refugees displaced from Arab countries.
Since the Arab countries have taken such an active role in the 'peace process', why shouldn't they be held to the same standard that applies to Israel? Shouldn't they acknowledge that Jewish refugees were displaced from Middle Eastern countries and are entitled to compensation? According to this report, it isn't likely:

Saudi Arabia has 100,000 air-conditioned tents sitting empty, still won’t take Syrian refugees - Washington Times, September 15, 2015


Expected Outcome

There is zero probability that Israel will comply with this UN resolution. It would be national suicide for them to unilaterally cede land to an enemy that openly wants to destroy it, undermine their negotiating position and weaken their military advantage

So, wouldn't it be nice if the world awakened to the fact that Israel is the size of New Jersey, holds a fraction of all the land in the Middle East, and is never going away. Israel could annex the land in dispute. Displaced Arab refugees would be compensated generously by the wealthy Arab nations and Middle Eastern Jews would indefinitely defer demands for compensation from their countries of origin. There would be true peace in the Middle East. 

No, this isn't happening either. 

Since UN resolutions are very difficult (if not impossible) to overturn, I suspect Israel will step away from their dealings with the UN. The UN will rightly become irrelevant

President Obama's Role

Unlike the whole world, which is completely biased against Israel, the United States has a mixed record in its relationship with Israel. (no, I do not believe the United States is a great friend of Israel just because of military aid that comes with strings attached)

In all fairness, President Obama deserves a debt of gratitude by the state of Israel for his role in saving Israeli lives during the Egyptian revolution a few years back.

2011 attack on the Israeli Embassy in Egypt

On 9 September 2011, several thousand protesters forcibly entered the Israeli embassy in Giza, Greater Cairo, after breaking down a recently constructed wall built to protect the compound. The protesters later broke into a police station and stole weapons, resulting in police using tear gas in an attempt to protect themselves. The demonstrators eventually broke through the security wall and entered the offices of the embassy. Six members of the embassy staff, who had been in a "safe room", were evacuated from the site by Egyptian commandos, following the personal intervention of United States President Barack Obama.

But, in his final month in office, President Obama instructed the United States ambassador to abstain from voting while actually intending for the resolution to pass.
U.S. intended to allow passage of U.N. draft critical of Israel: officials - Reuters, December 22, 2016

The Israelis have been justifiably very critical of President Obama and alleged that he in fact was behind the resolution:

Israeli officials: US abstention was Obama’s ‘last sting,’ showed his ‘true face' - Times of Israel, December 24, 2016
the US’s abstention in Friday’s vote “is the last sting of President Obama. It exposes the true face of the [Obama] administration,” the officials said Saturday evening. “Now it’s easier to understand what we dealt with the past eight years.”
Official: ‘Rather ironclad’ intel shows Obama behind UN vote - Times of Israel, December 26, 2016
Speaking to Fox News on Sunday, David Keyes said Arab sources, among others, had informed Jerusalem of Obama’s alleged involvement in advancing the resolution.

“We have rather ironclad information from sources in both the Arab world and internationally that this was a deliberate push by the United States and in fact they helped create the resolution in the first place,” Keyes told the US media outlet.

Not sure how this was a surprise, they just needed to watch this video:


With his successor planning to reverse many of his policies (i.e. Obamacare, immigration, etc.), President Obama's legacy will be his failing attempt to punish Israel.


United States Divided
 
Democrats in the US are split, for example,

Senator Dianne Feinstein (who is Jewish) supported the White House decision:
Feinstein Supports White House Refusal to Veto UN Resolution - December 23, 2016

but, Senator Cory Booker (who is African American) rejected the White House decision: 
Booker Statement on UN Security Council Resolution Targeting Israel - December 23, 2016

Republicans, as expected, opposed the resolution:
House Speaker Ryan, Senator McCain condemn U.S. abstention on U.N.'s Israel vote - Reuters, December 23, 2016

Countless individuals on the left have been misinformed by the mainstream media and equated Donald Trump with anti-semitism. For example, this completely ignorant article was published two days ago:

Campaign 2016's anti-Semitism has me feeling conspicuously Jewish this Christmas season - LA Times, December 23, 2016

Trump dabbled in anti-Semitic dog-whistles throughout the campaign. His final advertisement before the election suggested that Hillary Clinton and Jewish bankers had joined forces to strip “our country of its wealth.” He plans to appoint as his chief strategist Steve Bannon, a man who as editor of Breitbart trafficked in anti-Semitic conspiracy theories, and who has expressed anti-Semitic views personally. The president-elect has been lauded and endorsed by the neo-Nazi alt-right, and anti-Semitic Twitter trolls have targeted Jewish journalists reporting on Trump.
So, according to the left, you can have Jewish grand kids, be anti-Semitic and pro-Israel all at the same time??? Fortunately, none of the top rabbis bought into this nonsense:

Rav Edelstein: Vote Like Rav Shmuel Kamenetsky - Matzav, November 8, 2016
Telshe Rosh Yeshiva: I Voted for Trump and You Should Too - Matzav, November 8, 2016
Rav Elya Ber Wachtfogel Votes for Trump - Matzav, November 8, 2016
 

So, what about the 'America First' anti-globalist doctrine? The United States has and will continue to give Israel billions of dollars of military aid. Shouldn't the United States take a neutral approach to world affairs? For some, Israel is a liability that should be cut off. I would argue that it is in the strategic interest of the United States to keep Israel as a strong ally.

Does the United States want Israel to pivot toward China and/or Russia like the Philippines??

Duterte Rails Against America, Dares CIA To Take Him Out - The Daily Caller, October 7, 2016
Philippines' Duterte agrees to buy Chinese firearms - RT, December 11, 2016


Unsurprisingly, President-Elect Trump has been vocal about his opposition to the UN resolution.
Trump warns UN after Israel vote: 'Things will be different' soon - The Hill, December 23, 2016


One rather amusing aspect of the election is how Donald Trump attracted broad support from Orthodox Jews and the alternative media (a.k.a alt-right)!!  How that 'coalition' will co-exist will be interesting as many journalists on the 'alt-right' have highly negative views on Israel.

Some, like Benjamin Fulford, as seen here,

Trump’s chain will be jerked if he tries to stop the takedown of war criminal Benyamin Netanyahu - Benjamin Fulford, December 26, 2016

some believe in a Zionist plot by the 'Khazarian mafia' to control the world. I can assure Benjamin and others that in all my studies (albeit limited), I have yet to find a Talmudic source that advocates for Jewish world domination. If anyone has such examples, please send them to me so I can investigate. In addition, if there is a 'Khazarian mafia' run by prominent Jews (which there isn't), there shouldn't be a collective punishment against a misinformed populace. For clues on the real conspirators, view my earlier post here.

Tuesday, December 20, 2016

A Quick Rating of President Elect Trump's Cabinet Selections


Donald Trump's cabinet selections (for a complete list click here) can be broken down into a few categories. 

Category 1: Ex-Generals - A-
Defense: General James N Mattis
Homeland security: General John F Kelly
National security adviser (No confirmation required): Lieutenant Gen Michael Flynn

These three positions are the most sensitive and critical to the nation's existence. Career military service members (with hopefully with no personal skeletons in the closet) that are patriotic and honorable individuals are less likely to be beholden to special interests that could be detrimental to the welfare of the populace. Questions on managerial experience remain.

Category 2: Businessmen and women - B
Labor: Andrew F Puzder
Commerce: Wilbur Ross
Small business administration: Linda McMahon
Non bureaucrats to run departments to help create jobs.

Category 3: Current members of Congress - B
CIA director: Mike Pompeo
Attorney general: Jeff Sessions
Health and human services: Tom Price
Interior: Ryan Zinke

Members of Congress with an understanding of how things work in Washington 

Category 4: Poke in eye to establishment - B
Energy: Rick Perry
Environmental protection agency: Scott Pruitt

Scott Pruitt is currently suing the EPA and Rick Perry ran for President on a campaign to eliminate the Energy department!

Category 5: Serious question marks - C

Education: Betsy DeVos (brother of Erik Prince, CEO of Blackwater)

Erik Prince is certainly a controversial figure as CEO of Blackwater running an effective shadow military group. Some kind of deal may have been cut here.

Treasury: Steven Mnuchin (former employee of Goldman Sachs)

Steven Mnuchin is the ultimate banking insider so sounds like a horrible pick. On the other hand, Donald Trump is an expert financier. He understands debt (and corporate bankruptcy) in addition to interest rate swaps, credit default swaps, currency trading, and all other financial instruments that exist. If the big, fat bubble the FED created (according to Mr. Trump) does pop, Mnuchin is the guy who could help unravel all of it. Or Mr. Trump could have cut a deal with wall street. Hard to tell at this time. 

Category 6: Absolutely horrible - F

Transportation: Elaine Chao
For explanation, read the following: Mitch McConnell’s Freighted Ties to a Shadowy Shipping Company - The Nation, October 30, 2014

Since Senator McConnell is the Senate Majority Leader and holds a lot of influence in getting these individuals confirmed. There was certainly some kind of deal as this is not a swamp draining move.

Category 7: Unknown

State: Rex Tillerson - Unknown
Housing and urban development: Ben Carson
US ambassador to the UN: Nikki Haley

Thursday, December 15, 2016

Study Confirms U.S. Kids Keep Getting Dumber

As an American, this is just embarrassing:

U.S. Kids Keep Getting Dumber; Ranked 31st Of 35 Developed Nations In Math, New Study Reveals - Zerohedge, December 14, 2016
The U.S. Department of Education has just released it's latest ranking of international education systems (Program for International Student Assessment - "PISA") and performance of U.S. students just continues to deteriorate on both absolute and relative terms.
 

Huge Spread Between London and China Silver Price


A recent investigation provided conclusive proof that precious metals have been (and still are) manipulated:

Deutsche Bank Records Said to Show Silver Rigging at Other Banks - Bloomberg, December 7, 2016


This site didthesystemcollapse.com compares the gold and silver prices on the London Bullion Market and the Shanghai Gold Exchange.

Definition: Arbitrage is the simultaneous purchase and sale of an asset to profit from a difference in the price. It is a trade that profits by exploiting the price differences of identical or similar financial instruments on different markets or in different forms. Arbitrage exists as a result of market inefficiencies.

From today's market activity, there is a significant spread between both the London and Chinese gold prices and an astonishing spread in silver prices.

As of 2:00 PM EST, the Shanghai Gold Exchange is offering  4.3% higher gold price and 12.4% silver price.


What this means is a trader can buy silver on the London Bullion Market at $15.93 and immediately sell on the Shanghai Exchange at $17.91 and make an immediate 12.4% profit.

In light of deterioration of the Chinese yuan (USD/CNY = 6.937),



large inefficiency in the markets such as this are an ominous sign.

Monday, December 12, 2016

Memo to Donald Trump - Restructure the CIA Before They Kill You

In an effort to invalidate the election results, the CIA has claimed the Russian government intervened to help elect Donald Trump win.

Secret CIA assessment says Russia was trying to help Trump win White House - Washington Post, December 9, 2016
'The CIA has concluded in a secret assessment that Russia intervened in the 2016 election to help Donald Trump win the presidency, rather than just to undermine confidence in the U.S. electoral system, according to officials briefed on the matter.

Intelligence agencies have identified individuals with connections to the Russian government who provided WikiLeaks with thousands of hacked emails from the Democratic National Committee and others, including Hillary Clinton’s campaign chairman, according to U.S. officials. Those officials described the individuals as actors known to the intelligence community and part of a wider Russian operation to boost Trump and hurt Clinton’s chances.

“It is the assessment of the intelligence community that Russia’s goal here was to favor one candidate over the other, to help Trump get elected,” said a senior U.S. official briefed on an intelligence presentation made to U.S. senators. “That’s the consensus view.”'

Let's put aside how the CIA has a history of lying to the public since its inception, they even lie to their own employees!!


‘Eyewash’: How the CIA deceives its own workforce about operations - Washington Post, January 31, 2016
'Senior CIA officials have for years intentionally deceived parts of the agency workforce by transmitting internal memos that contain false information about operations and sources overseas, according to current and former U.S. officials who said the practice is known by the term “eyewash.”

Agency veterans described the tactic as an infrequent but important security measure, a means of protecting vital secrets by inserting fake communications into routine cable traffic while using separate channels to convey accurate information to cleared recipients.

But others cited a significant potential for abuse. Beyond the internal distrust implied by the practice, officials said there is no clear mechanism for labeling eyewash cables or distinguishing them from legitimate records being examined by the CIA’s inspector general, turned over to Congress or declassified for historians.

Senate investigators uncovered apparent cases of eyewashing as part of a multi-year probe of the CIA’s interrogation program, according to officials who said that the Senate Intelligence Committee found glaring inconsistencies in CIA communications about classified operations, including drone strikes.'

Nothing would stop CIA staff from lying to any future president.

Fortunately, Mr. Trump has chosen to limit the number of briefings he has received from this corrupt organization. After seeing it morph into a spy agency that overthrew governments, President Truman actually regretted its founding. President Kennedy allegedly said he wanted to smash the CIA 'into a thousand pieces'.

My recommendation to Mr. Trump is to restructure the CIA and move all intelligence operations under direction of the Defense Department. Better for Mr. Trump to kill this organization before they kill him.

Thursday, December 1, 2016

India's Cash Ban Is Really a War on Gold


On November 8, Prime Minister Narendra Modi of India declared that the use of existing 500 and 1,000 banknotes would no longer be accepted as valid legal tender. He announced the issuance of new 500 and 2,000 banknotes in exchange for the old banknotes. This decision has wrecked havoc on the Indian population.

Government’s Demonetisation Shock Has Hit the Poorest the Most - The Wire, November 13, 2016
'...the world is watching the bizarre spectacle of millions of Indians waiting in long, unending queues to recover their own money from banks, post offices and ATMs even as the government at the Centre remains firmly in denial about the untold hardship to the poor who cannot afford to stay away from their daily wage work even for a day. Some senior citizens have died of exhaustion standing in queues for hours on end. Families have suffered as private hospitals refuse to take currency notes of 1000 and 500 denomination, legal tender just till the other day.
    ....
It is now becoming clear that the sheer magnitude of the ongoing exercise of replacing 85% of all currency in circulation was not fully thought through in terms of its logistical complexity. Its basic economics  and ability to prevent future black money generation is also questioned by many. No wonder, developed as well as emerging economies have rarely resorted to demonetisation of this magnitude i.e replacing 85 % of all currency in circulation. To put things in perspective, India’s own demonetisation exercise in 1978 had resulted in less than 5% of the total currency being replaced. The well regarded economist Prof Kaushik Basu, till recently Chief Economist of World Bank, has said demonetisation per se is not good economics as the collateral damage could far exceed its benefits.'
Interestingly, some have benefited, albeit temporarily...

For the first time in India, the rich beg the poor to help them  - The Sydney Morning Herald, November 18, 2016
'Maids, drivers, nannies, and cooks in India are experiencing unusual politeness from their employers. Beyond the work they do every day, they suddenly have another use – to launder the undeclared cash which the rich have been hoarding in steel wardrobes, under the mattress and in under-bed storage.

This sudden outbreak of niceness is the outcome of India's current crackdown on "black money" - income in the form of cash that has not been declared to the tax authorities. On November 8, the day before Sharma's employer became a lamb, Indian Prime Minister Narendra Modi scrapped 500 and 1000-rupee notes to root out corruption and force more Indians into the tax net.

In one fell swoop, the tens of millions of rupees that the rich kept at home in these denominations became worthless. If they deposit the money in the bank tax officials will pounce, imposing staggering penalties and taxes.

However until December 30, each Indian is allowed to deposit a smallish sum of 250,000 rupees in such defunct notes in their bank accounts without questions being asked. That is why the rich need the service of the poor.'

Regardless, I agree with Jeff Berwick, in that this move is not about rooting out corruption but about confiscation.

The War On Cash Goes Nuclear In India, Australia and Across The World - Dollar Vigilante, November 15, 2016

'A few days ago we wrote (here) about how the Reserve Bank of India eliminated 500 and 1000 rupee banknotes from the money supply. These notes represent 20% of the cash value in circulation and 80% of cash outstanding in the country.

The main reason India has been combating cash in conjunction with selling off gold, is because people in the “black” or “free” Indian marketplace were supposedly circumventing the financial system by conducting business and then slowly buying physical gold with large denomination bills.

Since the transactions were not being tracked or monitored, it was much easier to hide earnings from the government trying to extort them. So naturally, being a greedy crime syndicate that operates parasitically on extorted funds, the government is putting a stop to something that it views as an ongoing, expanding threat.

Of course, there’s a reason why Indian women wear their wealth – gold and silver – on their bodies. Indians have been through this before. Indian societies are very old, perhaps the oldest in the world, and they’ve gone through numerous metals confiscations in the past.

Of course, what’s going on is not being described as a “confiscation.” So far, reasons to remove cash are not coordinated. In India, it’s because of “corruption.” In Australia, it’s supposedly because customers simply don’t want or need cash.'

Chris Campbell agrees and speaks of the eventual move to ban gold...

War on Gold: Is India Proof Elites Want to Confiscate Gold? - Laissez Faire, November 30, 2016
'The real modus operandi is blatant. It’s not, at its core, to fight illicit funds. This move is to drain private wallets into the government’s coffers. Just imagine, from Modi’s perspective, the immediate rupee jackpot…

Since 90 percent of economic transactions are in cash, White and Rajagopalan point out, if only “20% of the old notes are never turned in, the government’s revenue windfall is up to Rs. 2.9 trillion ($42.5 billion).”

The demonetization strategy, in the end, of course, won’t do much to fight tax evasion, government corruption (that’s a laugh), or “black wealth.” The richest black marketeers of India very likely already had their wealth diversified out of rupees in things like tangible assets (such as gold and real estate), foreign currency and offshore bank accounts, corporate shares, and on.

Modi’s scheme will only incentivize more movement out of the rupee from all classes. For example, according to Delmia, the poor are already buying jars of Tide for barter, “giving new meaning,” she quips, “to the term money laundering.
..
As Dalmia mentioned, this war on the private economy is far from over: “… you can be sure that Modi, who has already warned of further action before the end of the year, will go after gold and other assets next. He’s already raised excise duties on gold and requires jewelers to check the tax identification card of anyone purchasing gold worth over $3,000, echoing India’s notorious 1968 Gold Control Act that criminalized gold holdings by private citizens.”

And you’d be wise to pay attention. Because India’s simply pulling from the global elite’s playbook. What’s happening in India could happen anywhere.'

Stewart Dougherty even asserts that PM Modi is an agent for the elites who are desperate and need to suppress gold demand..

The Deep State’s Attempt To Suppress India’s Gold Demand - Investment Research Dynamics, November 29, 2016
'...the primary objective of the Indian currency demonetization was to sharply reduce gold demand in the world’s most important retail market, India, one that is controlled by the Deep State oligarchy via a captured agent, its Prime Minister. The manner in which the demonetization was carried out indicates some kind of desperation, because it defied all economic prudence, logic, humanitarian regard and common sense. India is the only country where this kind of attack on demand could have been carried out, and this is why it occurred there. It indicates to us that the bullion banking cabal is coming up against the wall, and that there is severe supply – demand stress in the global gold market that is rapidly becoming non-containable. Desperate times are producing desperate measures by the manipulators.'
The correlation with this announcement and the US election is striking..

Is This The Reason Why Gold Prices Are Plunging? - Zerohedge, November 24, 2016

For a global perspective, Simon Black provides examples of other countries like Switzerland, Singapore, Japan and the United Arab Emirates that are in the same position as India. 

An interesting perspective on the War on Cash - Sovereign Man, November 30, 2016
'Bottom line, the political and financial establishments want you to willingly get on board with the idea of abolishing, or at least reducing, cash.

And they’re pumping out all sorts of propaganda to do it, trying to get people to equate crime and corruption with high denominations of cash.

Simply put, the data doesn’t support their assertion. It’s just another hoax that will give them more power at the expense of your privacy and freedom.'
and in case you think the United States is immune from these ideas, think again..
'...former US Treasury Secretary Larry Summers published an article last week stating that “nothing in the Indian experience gives us pause in recommending that no more large notes be created in the United States, Europe, and around the world.”'
In other words, despite the India chaos, Summers thinks we should still curtail the $100 bill.

Unfortunately, we are seeing signs of the social upheaval, which is probably what these 'elites' want anyway...

Mobs Lock Up Bankers During India's Cash Chaos - Bloomberg, November 30, 2016

'Bankers are bracing for long hours and angry mobs as pay day approaches in India, the first test for Prime Minister Narendra Modi’s move to invalidate almost all cash in circulation.

"Already people who are frustrated are locking branches from outside in Uttar Pradesh, Bihar and Tamil Nadu and abusing staff as enough cash is not available," said CH Venkatachalam, general secretary of the All India Bank Employees’ Association. The group has sought police protection at bank branches for the next 10 days, he added. "This is the fallout of one of the worst planned and executed government decisions in decades."'