India rupee ban: Currency move is 'bad economics'

[ito]

Actually...this is a great move. But this is has to be a starting point, there is a lot that need to be done to unearth black money. Yes, it true that people are facing problems because of lack of money, but this is short term.

 

[gayMo]

Why ?

I think this is not well thought out. there is lot of confusion and many businesses are suffering. this will pulldowngrowth

I do however pray it will succeed

 

[PlugnPlay]

Bhakt alert.

Christian bigot alert.

 

[Jacob Martin]

Christian bigot alert.

Hint - not real name.

Our country may survive people like you with their brain dead hero-worship, but our democracy is unlikely to.

 

[gayMo]

I think modi may be a prophet. just like Jesus drove out the Jewish money lenders from the temple for usury, Modi has driven out black money. we may be seeing the start of a new religion with Modi as a prophet.

 

[Jacob Martin]

I think this is not well thought out. there is lot of confusion and many businesses are suffering. this will pulldowngrowth

I do however pray it will succeed

- Not well thought out.
- Lot of confusion.
- Businesses are suffering.
- Will pull down growth.

All valid and obvious concerns. But don't worry, Bhakts will set everything right. They will pray and it will all go away.

 

[gayMo]

Hint - not real name.

Our country may survive people like you with their brain dead hero-worship, but our democracy is unlikely to.

- Not well thought out.
- Lot of confusion.
- Businesses are suffering.
- Will pull down growth.

All valid and obvious concerns. But don't worry, Bhakts will set everything right. They will pray and it will all go away.

Yes Modi of the black monies the messiah from Moneynagar

 

[Jacob Martin]

Yes Modi of the black monies the messiah from Moneynagar

Moneynagar/Maninagar - Nice wordplay. I don't expect most Bhakts here to understand though. Years of being hammered in the head with Saffron propaganda has made them fact averse and humourless.

 

[abc123xyx]

small countries like UK , japan and few other in europe has more gdp then india....how , because they have more money flow....

 

[Fireurimagination]

- Not well thought out.
- Lot of confusion.
- Businesses are suffering.
- Will pull down growth.

All valid and obvious concerns. But don't worry, Bhakts will set everything right. They will pray and it will all go away.

- Not well thought out.
Not possible, they were preparing for it since the last 10 months, Jan Dhan account, Amnesty scheme etc

- Lot of confusion.
What confusion?

- Businesses are suffering.
Business is a bit down and will be for a week or so but all are welcoming the move for larger good

- Will pull down growth.
In fact will be a big boost for the economy in the long run

 

[Jacob Martin]

- Not well thought out.
Not possible, they were preparing for it since the last 10 months, Jan Dhan account, Amnesty scheme etc

- Lot of confusion.
What confusion?

- Businesses are suffering.
Business is a bit down and will be for a week or so but all are welcoming the move for larger good

- Will pull down growth.
In fact will be a big boost for the economy in the long run

I am going for my evening run. Will respond to your post after that.

 

[911]

small countries like UK , japan and few other in europe has more gdp then india....how , because they have more money flow....

Currency flow, not cash flow. India's 12% economy is in cash while this figure is only around 4% in better developed countries.

 

[thesolar65]

@terry5 ,

Now you decide who started this thread and why neighbors are perturbed!!

 

[911]

Not well thought out.

Its very well thought. If government had allowed purchase/sale of products such as Mobiles etc in cash then a lot of corrupt people would had recovered their black money with ease.

Lot of confusion.

There is absolutely no confusion regarding this. You maybe confused though.

Businesses are suffering.

Business will suffer only temporarily lasting only few days, it will go away as new 500 and 2000 notes comes into mainstream.

Will pull down growth.

Explain how this will pull down growth and upto what extend.

 

[terry5]

@terry5 ,

Now you decide who started this thread and why neighbors are perturbed!!

getting interesting now as rumours going around that Pakistan will follow suit

I think modi may be a prophet. just like Jesus drove out the Jewish money lenders from the temple for usury, Modi has driven out black money. we may be seeing the start of a new religion with Modi as a prophet.