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India: "No Toilets, But We'll Send Rockets Into Space"

RosieRosie Member, Permitted to post new threads

India: "No Toilets, But We'll Send Rockets Into Space"

Tyler Durdens picture
Mar 8, 2017 3:20 PM

Via Jayant Bhandari of Acting-Man.com,

India’s Currency Ban – Part X

It has now been four months since Narendra Modi declared about 86% of monetary value of currency illegal. Linked here is the last in my series of updates, which was written soon after the deadline to deposit the demonetized currency. Most of the banned currency was eventually deposited, making a mockery of Modi, who had claimed that unaccounted money would not reach the banks.  Perhaps 3% of the cash never reached the banks.

 

A cunning plan unravels

 

Those living outside India still have the option to return to the country, complete a number of formalities at the airport, and then hope that India’s central bank, the Reserve Bank of India (RBI) will do the conversion.

Many of these people are unfortunately return empty-handed. In India, where stamps, signatures of bureaucrats, file-passing, attesting of documents, etc. go with everything, a lot of submitted paperwork is deemed incomplete by the RBI.

 

India’s narrow money supply M1 has collapsed from 28.42 trillion rupees in September of 2016 to just slightly above 20 trillion rupees in December. This makes recently reported GDP growth data (see further below) particularly dubious – click to enlarge.

 

Modi never intended to hurt Indians who are living abroad, but in the utter chaos of India, he can merely wave his magic wand and hope. India’s bureaucracy has a life of its own. The silver lining is that the chaos of India makes it impossible to establish an all-out Stalinist state.

http://www.zerohedge.com/news/2017-03-08/india-no-toilets-well-send-rockets-space


"We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

Comments

  • If they strap tanks full of waste to the rockets, that won't be so bad.
    People in this world look at things mistakenly, and think that what they do not understand must be the void. This is not the true void. It is bewilderment.
    - Miyamoto Musashi, The Book of Five Rings
  • RosieRosie Member, Permitted to post new threads
    edited March 8
    If they strap tanks full of waste to the rockets, that won't be so bad.
    Sounds like a plan, they're clearly flush with cash.

    "We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

  • RosieRosie Member, Permitted to post new threads
    Their prototype from recycled material.
    Image result for toilet roll rocket

    "We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

  • RosieRosie Member, Permitted to post new threads
    Found whilst looking for Indian toilet rolls
    Image result for indian toilet roll

    "We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

  • Matt_ADMIN_Matt_ADMIN_ Administrator
    I have a feeling there's a lot of disappointed Indians right now concerning the expensive "space" program, and the demonetization scheme.

    What's more interesting is that Mr Modi was essentially India's version of Donald Trump, was surrounded by an identical huge surge of nationalism and anti-muslim feelings, and everyone thought he would finally be the man to improve India.

    Some lessons unfortunately go unlearned.
    -------------------
    "...Say, 'GOD is sufficient for me.' In Him the trusters shall trust." (Quran 39:38)
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