The Real Secret Behind Modi’s Currency Cancellation Move?

Is there a link between Prime Minister Modi’s sudden cancellation of the Rs.500 and Rs.1000 currency notes to geopolitical financial upheaval in the wake of US election results that catapulted Donald Trump to the White House against all expectations?

Could that be the signal of the newest global bloc – BRICS undergoing serious realignments?

The replies to both the queries could only be in the affirmative.

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Indian PM Modi’s attempt to unearth unaccounted wealth in India whose final value could snake beyond US$ 500 billion has acquired a sudden importance as the geopolitical world has undergone a sudden, drastic change.

One man has created this situation.

His name is Donald Trump.

Modi seems to have merely reacted to what Trump’s slogan “America first” platform could eventually lead the world into.

Trump’s proposed foreign policy has reportedly rung alarm bells in Beijing, Tokyo, Seoul, the EU headquarters in Brussels and most of the vulnerable Baltic nations along Russia’s western border.

Brussels, incidentally, is also home to the headquarters of NATO.

Trump had threatened to pull out of NATO and withdraw the nuke umbrella protection over Japan and South Korea. He had vowed to slap huge trade tariffs on China.

The Chinese Foreign Ministry spokesman, Hong Lei, had said in May, “We hope the U.S. people from all walks of life would view bilateral relations from a reasonable and objective perspective.” It was a diplomatic way of saying Beijing abhorred Trump.

China has reasons to do so.

It overtook US of A as the world’s most powerful nation in terms of financial assets.

There is only one nation in the world that would be willing to take on China due to domestic and security reasons – and that happens to be India.

China supports Pakistan and its terrorists for Beijing’s strategic reasons of curbing India’s growing ambitions to be a world power. The contrast is clear – Pakistan is the world’s poorest rogue nation and China is the richest!

The warning had come from The New York Times – way back in May this year.

The open admiration for Trump from Vladimir Putin [1] means quite a lot.

The latter is supposed to be one of the mainstays in BRICS.

When Trump takes charge, it would be interesting to see what his stand on Islam and IS actually means.[2] Whatever Trump ends up doing, could lead to the second polar part being headed by a new colour code – the green-tinted brown-skinned Muslims of the world.

The biggest victim could be BRICS.

Not many in the world know that the BRICS idea was basically born in American Wall Street’s holiest cow – Goldman Sachs [3] way back in 2001 and was called BRIC comprising Brazil, Russia, India and China – the then 4 major emerging markets of the world. The originator was Jim O’Neill [a.k.a. Terence James, Baron O’Neill of Gatley], then its assets’ management wing’s chief.[4]

On April 16 this year, a Canadian conservative paper revealed why BRICS would fail and fail miserably.

This means the composition of BRICS could undergo major changes.

Sooner or later, Brazil – with its new found love or the US of A would have to exit BRICS, say credible reports. It would have a new name – a kind of a takeoff on Britain’s exit from EU – BRAXIT. That is because of one twice-divorced woman – Dilma Rousseff. [5]

The highly corrupt Jacob Zuma of South Africadenoting the last initial ‘S’ in BRICS [6] could be another nation edged out – sooner or later.

Finally, the ‘C’ in BRICS – China – which continues to claim it is communist could be targeted by Trump.

Trump’s strongest ally in this could be India on the one side and Russia on the other.

But, Trump’s known mindset of making NATO allies pay for their protection could result in one nation that has the highest economic growth rate in the world – India as America’s biggest ally.

The pointer in that direction is the trip of Modi to Japan – the only nation to be nuked ever – that too by the US of A.

Sections of EU – need the Russian gas – cheaper than their own to keep their industries running. Thanks to Modi’s rapport with Putin and the latter’s known admiration for Trump, India could play the role of a powerful broker in modern-day geopolitics.

All this needs money and lots of it.

Modi seems to have embarked upon a sudden move to do just that. If someone sitting in one corner of India – poor old me – can guess this much, much more can be second guessed by think tanks in China and perhaps Islamabad.

Is that why a section of the Indian press suspected to be in the pay of the enemies of Bharat are trying to run Modi’s financial move down?

One pointer to the final denouement is that Modi is an avowed anti-communist. Though Putin had been one – he is against socialists in Russia.

So, will the letter ‘B’ that stands for Brazil be dropped or be substituted with another ‘B’ that stands for Britain?

Since China is against Trump’s foreign policy, will the ‘C’ disappear?

Will the ‘S’ then stand for South Korea?

Will other letters like ‘G’ [Germany] and J [Japan] be added?

The months to follow will provide some surprising replies.

However, let us remember that Britain’s PM Theresa May visited India before the currency withdrawal and Modi visited Japan immediately afterwards.

[1]

Vladimir Vladimirovich Putin is currently President of the Russian Federation since 7 May 2012. He was Prime Minister from 1999 to 2000, President from 2000 to 2008, and again Prime Minister from 2008 to 2012.

During his second term as Prime Minister, he was the Chairman of the United Russia Party, the ruling party.

A native of St Petersburg, Putin was a KGB foreign intelligence officer for 16 years who reached the level of Lt. Colonel.

Officers in the KGB had to be members of the Communist Party of the Soviet Union.

Putin opted for retirement in 1991 to enter politics, moved to Moscow in 1996 and joined President Boris Yeltsin‘s administration. Rising quickly through the ranks and becoming Acting President on 31 December 1999, when Yeltsin resigned, Putin won the subsequent 2000 presidential election by a 53% to 30% margin crushing his Communist Party opponent, Gennady Zyuganov. He was reelected President in 2004 with 72% of the vote. In September 2011, after presidential terms were extended from four to six years, Putin announced he would seek a third term as president. He won the March 2012 presidential election with 64% of the vote.

[2]

Few in the world know that IS was a creation of the West when Putin demanded more than the proverbial pound of flesh for the highly subsidised gas from central Russia. The replacement of that was supposed to be from the Middle-East, from Oman. The pipeline was to pass through Syria, from where Assad had demanded much more than what Putin had asked to allow the pipeline to pass through. In turn, the West discovered a tyrant in Assad to tackle whom a rag-tag army of freedom fighters called the Islamic State of Iraq and the Levant came into being. It turned out to be a worse Frankenstein monster than the CIA’s earlier creation – Osama bin Laden.

Osama was placed in Waziristan – the lawless Pak-Afghan border – under the ruse of displacing the Soviets from their occupation of Afghanistan.

The apparent motive bandied about was teaching democracy to the crazy Afghans.

But the reality was – accessing the mineral goodies – currently valued at US$30 trillion in Afghanistan – stuff that the combine of China and Russia hope to pocket.

[3]

On April 30, 2002, Goldman Sachs Group Inc faced charges of fraud. Accusations included its analysts’ misrepresentations that adversely affected the market price of securities. The firm paid $12,500,000 as settlement.

On July 15, 2003, facing a lawsuit for artificially inflating the RSL’s stock price by issuing untrue or materially misleading statements in research analyst reports, Goldman Sachs paid $3,380,000 for settlement.

[4]

O’Neill quit the British cabinet on September 23 this year. He is a British peer teaching economics in Manchester varsity.

[5]

Brazilian economist and the first woman to be President of Brazil, Dilma Vana Rousseff was born in an upper-middle-class household in Bulgaria, and is a former communist. She was  Brazilian economist and politician who served as the 36th President of Brazil from 2011 until her impeachment and removal from office on 31 August 2016. She is the first woman to have held that office.

The daughter of a Bulgarian immigrant, Rousseff was raised in an upper middle class household. She became a socialist during her youth and, following the 1964 coup d’état, joined various left-wing and Marxist urban guerrilla groups that fought against the military dictatorship. Rousseff was eventually captured, tortured, and condemned to jail between 1970 and 1972.

On 12 May 2016, the Senate of Brazil temporarily suspended President Rousseff’s powers and duties for up to six months or until the Senate reaches a verdict: to remove her from office if found guilty or to acquit her from the crimes charged. Vice President Michel Temer assumed her powers and duties as Acting President of Brazil during the suspension. On 31 August 2016, the Senate voted 61–20 in favor of impeachment, finding Rousseff guilty of breaking budgetary laws and removing her from office

[6]

Jacob Gedleyihlekisa Zuma was charged with rape and faced allegations of racketeering and corruption. He managed to get himself acquitted through his good offices in the National Prosecuting Authority of South Africa in 2005 and 2009. His financial advisor Schabir Shaikh too was convicted but also exonerated. The appeals are pending before South African courts till the time of writing. There are other arraignments. South Africa’s Public Protector Thuli Madonsela said Zuma’s rural homestead at Nkandla was an improper drain on the exchequer. The Constitutional Court unanimously held in 2016’s Economic Freedom Fighters v Speaker of the National Assembly that Zuma had failed to uphold the country’s constitution, resulting in calls for his resignation. It resulted in a failed impeachment attempt in the National Assembly.

Author: haritsv

42 years' unblemished record of being an investigative journalist. Print quality journalist in 3 languages - English, Tamil, Hindi. Widely travelled, worldwide. Cantankerous and completely honest.

7 thoughts on “The Real Secret Behind Modi’s Currency Cancellation Move?”

    1. It will be bi-polar – with US, India, Israel, perhaps Russia, Japan, Germany etc on one side, China and the Muslims on the other. It will be terrible as both sides will stop at nothing to win.

      Like

    1. It is nice to know that I have a reader who reads horseshit can discern the quality of what he/she/muddle-gender reads. By the way, why does this reader have to hide behind a silly alias? No guts or something?

      Like

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