Rahul Mehta Gandhinagar LsCandidate
(1) Bank have no machine to decide if Rs 2000 note is fake !!!
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One bank tells me that bank has NO machine to see if Rs 2000 note that customer has come to deposit is real of fake. They simply take it and add credit to depositor. And then they pass it to anyone who comes for withdrawal !!! IOW, banks are giving SECOND HAD rs 2000 notes to public without any verification !!!
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(2) Banks have run out of small notes. One bank I know got ONLY Rs 3.5 lakh of small notes yesterday and and within 2 hours, they were empty !!! Rest of the day, all they did was taking deposits of Rs 500 notes !!! And today, they got Rs 0 notes from currency chest !!! So tomorrow, no withdrawals and no exchanges !!! The reason is --- it is now verified rumor that Rs 2000 notes and Rs new 500 notes will be cancelled in apr-2017. So hoarders are hoarding small notes ONLY !!!! And so serious shortage of small notes.
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(3) We need to find number of Rs 100 notes with public in past 3 months on week by week basis. An increase in number of Rs 100 notes with public can show that some insiders took advantage
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(4) We need data to truck mileages. Because too many people tell me that over 65% trucks are idle !!
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(5) We should also get daily electricity consumption data. A decrease in consumption will show that factory output is reducing.
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Future ---
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Once cash supply improves in jan-2017, the level of black money will be same !! WHY? Because all sources of black money are intact !!! There is sudden emptying of lake, but inputs are intact and so coming inputs will refill the lake.
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The solution is to kill black wealth which are SOURCES of black cash. Killing cash kills white cash as well as black cash !!! Whereas black land can be killed without disturbing white land !!!
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Black doesnt cash does NOT create black wealth !!!
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Black wealth creates black cash.
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One can transfer black wealth without cash, such as using gold or bitcoins.
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As per fake notes of terrorism, did GoI encourage traders etc to keep note scanning machines? And did GoI made machines which will scan note numbers and report them to central RBI servers so that fakes can be tracked as soon as possible?
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So real motive is to assist mauritius (and fiji) companies who will now start buying land at dirt cheap prices in jan-2017, and sell at much higher prices in jan-2018, and pay only 7% (and 0%) income tax !!!