Tag Archive | global economic crisis

Deep State in Panic Mode, Creating Events to Distract from their Activities*

Deep State in Panic Mode, Creating Events to Distract from their Activities*

Audio

In this episode:

  • Trump keeps promise and donates salary to National Park Service.
  • Ralph Lauren closing store in NY.
  • 2017 Retail bankruptcies are surging this year.
  • The next subprime crisis is here and the corporate media doesn’t want to talk about it.
  • Manhattan apartment prices are tumbling, over a million people left NYC since 2010.
  • US factory order surged, not so fast most of this was based on the military.
  • Richmond Fed Lacker was booted from the Fed because he was leaking information.
  • Jamie Diamond says there is something wrong with the economy, but we just can’t put our finger on it.
  • Trump and Ryan try to push health care again.
  • Evidence is pouring out that Susan Rice was one of the people behind the unmasking, she has now been called to testify.
  • Judicial Watch gets documents that show Obama was involved with the IRS scandal.
  • North Korea allegedly hacked into SK and stole military plans.
  • The last 5 Presidents bombed Iraq.
  • Turkey is starting a new mission in Syria but Syria has not given the go ahead.
  • Bomber has been identified in the St. Petersburg bombing.
  • The deep state uses another event to distract from the truth, they are back to using chemical weapons attack in Syria.

Continues…

Deep State Trouble,Evidence Surfaces Which Could Bring Down The House Of Cards

X22 Report — Episode 1245

Audio

In this episode:

  • Auto sales decline more than originally thought even with incentives.
  • 46% of millennials are saying they can no longer live in San Fran, its to expensive.
  • Obama economic recovery is worse than the WW2 economy.
  • The economy is ruined for many Americans, those who make less than 30,000 a year worry about feeding their families.
  • Insiders are selling their stocks and retail investors are buying, this is the herd mentality and the market bubble is getting ready to pop.
  • Schiff is trying to distract the US by continually pushing the agenda of Russian collusion when in fact the real story is the spying and the unmasking.
  • Today source unveiled Susan Rice as one of the individuals that had the power to unmask names.
  • Sean Spicer says the investigation is running into trouble.
  • The FBI is going to create a special unit to look into the Russian hacking the elections but not the unmasking of individuals on the Trump team which is against the law.
  • Syria and the US are separating Syria and each want it for a different reason.
  • UK is on full alert for cyber attack on their nuclear facility.

Source*

Related Topics:

Major U.S. Politicians Are Being Blackmailed by the Deep State

This Week the ‘Arch of Baal’ Was Displayed For the Third Time in Honour of ‘The World Government Summit’*

Rothschild Makes Dismal Admission — His Financial World Order Now “Threatened”*

Disturbing Message to All Americans from Former Defense Minister of Canada on the NWO*

Dear America: Better Read the Fine Print on Your Credit Card Statement*

Why Are White Americans Dying Off?

1 Million People Have Ditched New York Since 2010*

There is a new U.S. “Marshall Plan” for Greece*

There is a new U.S. “Marshall Plan” for Greece*

The trip to Washington was short and effective. Greek Defense Minister Panos Kammenos cannot hide his enthusiasm about the Trump administration. He was in the White House and heard President Donald Trump saying “I love Greeks! Oh, I love the Greeks!” He had thorough talks with his counterpart Defense Secretary Jim Mattis about security issues and upgrading the   …. of the debt-ridden Greece. Now the Greek defense minister sees even a new Marshall Plan heading towards Greece. Not in form of the famous Marshall Plan after the WWII, with food packages falling from the sky. The new Marshall plan will be in form of ‘economic aid’ – In 21st-century terms: in form of investment.

In an interview to private ANT1 TV Tuesday morning, Kammenos said there is a new U.S. Marshall Plan for Greece.

“A Greek-American fund is interested in Ethniki Insurance, there is a great interest for the purchase and creation of touristic facilities,” Kammenos said.

Ethniki Asfalistiki, the Hellenic National Insurance, owned by the Greek National Bank, is due to be sold, the tender opens today.

Without specifically mentioning any American interest in the energy sector, Kammenos stressed Greece is becoming an energy hub. He reckoned that the pipeline that will transport natural gas from Israel and Cyprus through Crete and Peloponnse to Europe is in design, as so is the large storage facility in Alexandroupolis that will store  gas from the already existing pipelines.

“With the energy issues Greece enters the heart of the world,” Kammenos said reminding of the oil and natural gas resources in the Aegean Sea.

“New energy paths are opening and Greece is in their centre,” Kammenos stressed adding that Greece is in good geostrategic position “as the country  strengthens its cooperation with the U.S., Israel, Egypt and Cyprus.

At the same time, there seems to be another sector open for the new Marshall Plan: defense. Modernization and upgrading of the existing arsenal debt-ridden Greece has no money to spend for.
Panos Kammenos is reportedly very optimistic about this issue. Target is not only the modernization of the naval base in Souda Bay on the island of Crete. Defense Secretary Mattis made a special mention to it.

Upgrade is also needed for the Greek F-16 fighter jets as well as for the maritime surveillance aircraft P-3 Orion.

“The process of modernization of at least 90 F-16 fighter jets has already started,” defense issues website militaire.gr noted on Monday and added there has been intention to consider Greece as one of the customers for the F-35 ‘club’.

After Turkey announced its interest on F-35, the purchasing of F-35 became a challenge for Greece, a challenge it cannot afford.

The website notes that for ten years Greece has not done much in upgrading and modernization stressing that “expensive weapon systems were purchased but were left without technical support. Upgrading that should have been done already in 2008 was out of question.” All these problems require quick solutions.

The Marshall Plan (officially the European Recovery Program, ERP) was an American initiative to aid Western Europe, in which the United States gave over $12 billion (approximately $120 billion in current dollar value as of June 2016) in economic support to help rebuild Western European economies after the end of World War II.

Under the Marshall Plan Greece received $700,000,000 between 1948 and 1952.

However, the Marshall Plan was not ‘aid’ without ‘exchange’.

“The goals of the United States were to rebuild war-devastated regions, remove trade barriers, modernize industry, make Europe prosperous once more, and prevent the spread of communism. The Marshall Plan required a lessening of interstate barriers, a dropping of many regulations, and encouraged an increase in productivity, labour union membership, as well as the adoption of modern business procedures.”

The issue of a new Marshall Plan was raised in 2012 and 2013 by U.S. economist Joseph Stieglitz and U.S. President Barack Obama, when it became clear that Greece cannot deal with its debt.

I suppose the idea was abandoned when the Americans realized that Greece was a member of a common currency union, the eurozone, and that Germany would raise serious objections to the plans. Berlin wanted to be the great reformer and exploiter of Greece.

Source*

Related Topics:

What Will Unfold as Greece Hires a Rothschild as Debt Advisor*

E.U. Throws Greece and Refugees to the Sharks*

Greece is now a Colony of the E.U.*

Europe’s Vindictive Privatization Plan for Greece*

How German and French Banks Helped Bankrupt Greece*

Germany, where’s the Reparation for Greece?*

From New York to Greece ‘We Can’t Breathe’*

Flint to get New Pipes after $87mn Settlement*

Flint to get New Pipes after $87mn Settlement*

A deal between the state of Michigan, the city of Flint, several Flint-based pastors, and the American Civil Liberties Union, has resulted in the state paying $87 million to replace lead-tainted pipelines with galvanized steel pipes.

The state of Michigan will provide Flint up to $87 million to upgrade water pipes and set up water bottle distribution centres so that residents can have clean drinking water under the terms of the settlement proposed on Monday.

The deal requires that $47 million of the $87 million not come from the same sources approved last year by Congress and President Barack Obama for $40 million, Booth Michigan reported.

The settlement will not become legally binding until Tuesday when it will be reviewed by U.S. District Judge David Lawson. It includes much of what a coalition of civil rights activists, religious leaders, and the National Resources Defense Council initially sought and would force Flint and Michigan to commit to long-term plans for rectifying the lead crisis.

It also includes, however, a few concessions from the coalition. Instead of having water delivered door-to-door to homes not be verified to have water filters while roughly 18,000 pipelines were replaced, the state will be required to operate nine water distribution centres where Flint residents may pick up bottled water.

Michigan will be allowed to close up to three of them after May 1, if 20 or fewer people pick up from them, the Detroit News reported.

The state will also be required to reserve another $10 million of federal funds in case repairs are more expensive than expected. In addition, the state will be responsible for appointing a third party to monitor the lead levels of 100 homes for at least three years. Michigan will also expand Community Outreach and Resident Education programs in order to provide education, installation, and expansion of water filters.

Those involved in the litigation cannot comment on the matter until after the deal is formally accepted.

Comment: Why what’s the catch….

 

Source*

Related Topics:

A Water Crisis Like Flint’s Is Unfolding In East Chicago*

City Threatens to Turn Off Flint Residents Water*

In Flint, Level of lead in Children’s Blood Leads to a State of Emergency*

Finally $170M to Help Clean Up the Mess State of Michigan Created in Flint*

Veterans Who Supported DAPL Protestors Are on their Way to Flint*

Students Give Bottled Water to Senior Citizens in Flint, Michigan*

Six More Charged in Flint Water Crisis*

Jews Slam Support for Israel*

Jews Slam Support for Israel*

Jewish protesters hold a banner against the pro-Israel lobbying group AIPAC. | Photo: Twitter / Abraham Gutman

 

Protesters gathered under the banner, “Jews won’t be free until Palestinians are, reject AIPAC, reject occupation.”

Jewish protesters marched Sunday outside the American Israel Public Affairs Committee, APICAC, conference in Washington as they slammed the lobbying firm for supporting policies of the right-wing Israeli government.

Protesters held a banner saying, “Jews won’t be free until Palestinians are, reject AIPAC, reject occupation.” IfNotNow, a group of young, left-wing U.S. Jews organized the action, which was billed as a “Reclaim, Resist, and Reimagine” rally. Almost 700 people said they would attend on the event’s Facebook page, Haaretz reported.

The outlet also said that it was the first time that a protest against the organization had drawn such big numbers and so many Jewish people.

The protesters carried signs against the Israeli occupation of Palestinian lands as well as the increasing abuses against Palestinians.

“How can we have a sustained Jewish community in this country and a democratic Jewish community in Israel” as long as an occupation persists, Jeremy Zelinger, one of the protesters, told the Times of Israel. “AIPAC does not represent us.”

The Israeli lobbying arm blames Palestinians entirely for the absence of peace talks and refrains from criticizing any Israeli policies, including its illegal settlement building in the occupied West Bank.

The right-wing Israeli government, as well as AIPAC, welcomed the election of Donald Trump as U.S. president as they see him as a “true ally” to Israel who will not criticize settlement building and will not push for a two-state solution with the Palestinians allowing far-right factions to push for tShe annexation of the West Bank.

Trump has also said he would move the U.S. embassy from Tel Aviv to the contested city of Jerusalem. Speaking at the AIPAC conference, U.S. Vice President Mike Pence on Sunday revived talk of the possibility the U.S. may move its embassy, saying Trump was seriously considering the matter.

“After decades of simply talking about it, the president of the United States is giving serious consideration to moving the American embassy from Tel Aviv to Jerusalem.”

Source*

Related Topics:

When Palestine was 85% Arab, 15% Israeli and U.K. and U.S. Paid the Jews from the Caucasus to Live There*

Are American Jews Abandoning Israel?

Israeli Geneticist: Ashkenazi Jews come from Turkey, not Palestine*

Israel’s Secret Plan for Migration of Indian Jews*

Israeli Media Fabricating Palestinian Attacks Of Jews*

The Innate Racism of Israel: Ashkenazi Jews Exterminating Arab Jews*

Jews Protest against the State of Israel

How Fear was Instilled to Make Jews Leave for Israel

Israel Owns the U.N. as well as the U.S.*

As Netanyahu and May Chat, a Large Nest of Israeli Spies in London Exposed*

The ‘Jewish National Fund’ and Its Role in Israel Thus Palestine*

Somalian Refugees Massacred in the Red Sea off Yemen Coast*

Somalian Refugees Massacred in the Red Sea off Yemen Coast*

By Abayomi Azikiwe

United States engineered war of genocide encompasses contiguous nations and waterways

 

Somalian community representatives in Yemen have issued a statement denouncing the brutal killings of 42 people and the injuring of 120 others when their vessel was struck in the Red Sea area near the port city of Hodeida on March 17.

Reports indicate that the deaths were a direct result of an airstrike carried out by the Saudi Arabian-Gulf Cooperation Council (GCC) in a war being waged against the people of Yemen.

These refugees were traveling to the Republic of Sudan utilizing the Bab-el-Mandeb, a strait near Yemen, Djibouti, and Eritrea which joins the Red Sea to the Gulf of Aden. This area is one of the most lucrative shipping lanes in the world transporting oil, military hardware and other commodities.

The Somalians living in Yemen are demanding that the international community investigates the circumstances surrounding the bombing. In addition, they are urging that those found responsible should be prosecuted for the crimes committed. (Saba News Agency, March 21)

A United States manufactured Apache helicopter attacked the vessel carrying Somalians who were fleeing from the war torn state of Yemen. Since March 2015, the White House and Pentagon has backed a war inside the country to defeat the Popular Committees led by the Ansurallah Movement (Houthis) and allied military forces still loyal to former President Ali Abdullah Saleh.

Over 12,000 people have died over the last two years while tens of thousands of others have been injured. A blockade that often prevents essential supplies reaching the people of Yemen has 3.3 million people facing famine.

Saudi-GCC airstrikes and ground operations have targeted civilians, educational institutions, power stations, communications facilities, water sources and municipal services. The Pentagon and Central Intelligence Agency (CIA) has supplied the Saudi-GCC forces with sophisticated air power, refueling technology and geographic coordinates needed to inflect maximum damage on the ground.

The persons on board the vessel were said to have documents in their possession certifying them as displaced persons. The United Nations High Commission for Refugees UNHCR) said of the massacre that the agency was “appalled by this tragic incident, the latest in which civilians continue to disproportionately bear the brunt of conflict in Yemen.”

U.S.-backed Forces Deny Involvement

In response to the charges that the Saudi-GCC Coalition was responsible for the massacre, the alliance in a statement said:

“”We are also aware of allegations that the attack was carried out by a helicopter and naval vessel belonging to the Saudi-led coalition. We can confirm the coalition was not responsible for any attack on a refugee boat on Friday (March 17) and … there was no firing by any coalition forces on Friday in the area of Hudaida.” (Middle East Eye, March 19)

Not only did the U.S.-allied forces deny responsibility, they then proposed the port city “be placed immediately under United Nations supervision”. Such an action by the U.N. would be in contravention of international law since Hodeida is part of Yemeni national territory.

For the U.N. to enact this suggestion would be tantamount to the colonization of a section of the country.  Saudi Arabia has occupied sections of Yemeni territory in the recent past aimed at curtailing the advances of the Ansurallah movement which they claim are supported by the Islamic Republic of Iran.

Attempting to conceal its political motivations the Saudi-GCC Coalition declared:

“This would facilitate the flow of humanitarian supplies to the Yemeni people, while at the same time ending the use of the port for weapons smuggling and people trafficking.”

Nonetheless, it is well documented that it is the forces loyal to Riyadh which have continued to target civilians in the war and prevent the transport of essential goods and services from reaching millions of people in Yemen.

The Somalian government fresh from electing a new president, Mohamed Abdullahi Mohamed, is a member of the Coalition which is conducting war against neighbouring Yemen. Mogadishu has become an outpost of U.S. and European imperialism which finances, trains and coordinates military operations both inland and offshore in Somalia.

Some 22,000 African Union (AU) troops from Uganda, Burundi, Kenya, Djibouti and Ethiopia are patrolling the capital of Mogadishu and other areas in the central and southern regions of the Horn of Africa nation. Pentagon and CIA advisors are embedded in the Somali National Armed Forces and AMISOM units to guarantee the security of the Federal Government which is still waging a war against the Al-Shabaab Islamic movement.

Former Somalian Foreign Minister Abdusalam Omer did not immediately condemn the massacre of his own citizens on March 17. In a statement issued on March 18, Mogadishu said

“We call on our partners in the Saudi-led coalition to investigate the raid.”

However, it is unlikely that any substantive investigation into these deaths will occur from Mogadishu, Riyadh or its allies in the Yemen war. During the course of developments since March 2015, the U.S. under both the previous administration of President Barack Obama and his successor Donald Trump, there has been no condemnation of the way in which the war has been carried out by the Saudi-GCC Coalition.

War Continues at Feverish Pace

Meanwhile, the situation in Yemen remains tense and volatile. On March 21 authorities seized a vehicle packed with explosives found traveling on the al Azrakain road north of the capital of Sana’a. (Saba, March 21)

On the same day according to Saba news agency:

“A man was killed by a hand grenade in a popular market in Azzancity of Shabwa province. A local official told Saba that an armed man dropped the grenade at the middle of the Qat Market in Azzan, killing the man and injuring 30 others, some of them are critically injured. Shabwa province experiences insecurity in the light of al-Qaeda controls on a number of areas.”

It is the al-Qaeda presence in Yemen which provides another rationale for the escalation of Pentagon military strikes inside the country. In January, a disastrous commando operation authorized by President Trump resulted in the deaths of more than two dozen civilians as well as a Navy Seal in Bayda Province.

Stratfor, the intelligence consultancy firm based in Austin, Texas, said of the escalation in direct airstrikes authorized by Washington claiming to target al-Qaeda of the Arabian Peninsula (AQAP) that:

“The United States has carried out around 30 airstrikes against the group in Yemen over the past several days, marking a significant increase in the pace of strikes from the previous year. In fact, the United States only publicly acknowledged carrying out 31 strikes during all of 2016.” (March 6)

New York Times reporters Helene Cooper and Eric Schmitt wrote on March 2:

“The coordinated series of attacks occurred in three Yemeni provinces — Abyan, Shabwa and Baydha — that have been linked to terrorist activity, according to the Pentagon. The strikes were conducted against targets that had been developed before the January raid, a senior official said.”

Consequently, the war against the people of Yemen has been intensified under the Trump administration. These developments coincide with the increasing role of the Pentagon in Syria which has announced the deployment of additional troops to this embattled state.

Official pronouncements from the Pentagon say approximately 500 U.S. Special Operations forces are already engaged in Syria ostensibly supporting the Syrian Democratic Forces (SDF) near Raqaa, the de facto capital of the Islamic State.  An additional 250 Rangers and 200 Marines are reportedly in the same area.

Trump has ordered Secretary of Defense James Mattis to draft a plan to place even more troops in Syria by the end of March. These troops could come from the 24th Marine Expeditionary Unit transported by warships harbouring 2,200 Marines currently moving in the direction of Syria along with the Army’s 82nd Airborne Division, which has 2,500 troops en route to Kuwait.

Source*

Related Topics:

Hundreds Dying from Hunger as Severe Drought Grips Somalia*

U.S. Expands Army Presence in Somalia*

Somali Man Takes Legal Action against US, Germany Over Father’s Drone Killing*

Somalia a Failed State by Courtesy of the State Department and CIA*

Saudi Airstrikes on Market Kills Civilians in Yemen*

Nine Young Children Killed: The Full Details of the Botched U.S. Raid in Yemen*

Idlib Raid Hits CIA/Saudi Backed Rebels as “President Banner” Tries to Bury Yemen Blunder*

Obama Killed a 16-Year-Old American in Yemen. 8-Year-Old Sister Killed in Raid Ordered by Trump *

Rothschild Makes Dismal Admission — His Financial World Order Now “Threatened”*

Rothschild Makes Dismal Admission — His Financial World Order Now “Threatened”*

By Jack Burns

RIT Capital Partners fund issued its 2016 year-end report in late February. While the company was pleased to report a net profit of 12.1% and total shareholder returns hold at 14.2%, the company, and its chairman Lord Jacob Rothschild, seem preoccupied with risks associated with political and economic instability.

Rothschild announced that while the funds’ assets are at an all-time high, the announcement comes, “Against a background of daunting uncertainty and political turmoil.” Going further, he stated a more ominous warning. “At this time of upheaval and uncertainty, our investment portfolio will continue to be well diversified,” he wrote comforting his shareholders their fund’s portfolio would be as protected as possible from any coming downturns in the market.

However comforting the report may be for individual investors, Rothschild’s final comments loom large over the mostly positive economic report. He wrote,

“There could well be a period ahead of us when the avoidance of risk is as high a priority as the pursuit of gain.”

The investment banker’s chosen word of “period” seems to indicate a coming downturn in profitability, even though for the past five years the fund has realized a profit of more than 1 billion Euros.

According to the report, Rothschild and his very powerful family have a vested interest in preserving their assets. “RIT Capital Partners plc is an investment company listed on the London Stock Exchange. Its net assets have grown from £280 million on listing in 1988 to over £2.7 billion today. RIT is chaired by Lord Rothschild, whose family interests retain a significant holding,” the issue reveals.

If the fund, whose value is at an all-time high, suddenly declines, falling with it will be a large portion of wealth the Rothschild family enjoys. Although, any such declines would hardly come as a surprise to the Rothschild family who reportedly controls much of the world’s wealth and has a hand in nearly all of the world’s banking institutions, including the Federal Reserve, as some have stated.

The chairman’s statement continues with what some might say is an ominous and uncertain view of the future. Since the last World War, we have enjoyed some 70 years of patiently crafted international cooperation, which is now threatened,” an apparent reference to Brexit and the U.K.’s referendum to withdraw from the European Union.

“Against this deeply worrying geo-political situation,” he wrote seeming to highlight the potential of WWIII if the Syrian conflict continues, “one can point to a number of positive investment factors.” Echoing many statements made by the current U.S. president, Lord Rothschild stated he was hopeful corporations would receive a break in government imposed revenue. He said, “in the US, the proposed tax reduction for companies and individuals,” was a favorable policy change for his fund’s portfolio.

Resounding President Trump’s call for deregulation, Rothschild also was reportedly pleased with the “reforms of an over-regulated system.” Likewise, in step with Trump’s call to exponentially increase spending on America’s failing transportation infrastructure, Lord Rothschild is pleased. However, Trump’s call for, “increases in fiscal and infrastructure expenditure…come at a time late in the business cycle, when the labour market is close to full employment,” meaning there’s no forecast of immediate returns on infrastructure spending forecasted in the future.

The banking and financial baron also seemed to lament that “wage increases up by some 4% over the last few months” a factor which affects the bottom line for every company. He also stated across the fund’s portfolio will also be affected by rising interest rates.

“Valuations are at the high end of their historical range, inflation is returning and in these circumstances, it is likely that interest rates in the U.S. will rise meaningfully,” he said. And coming from the man whose familial connections and financial partners control the Federal Reserve, he should know.

Source*

Related Topics:

What Will Unfold as Greece Hires a Rothschild as Debt Advisor*

Rothschild Bank under Criminal Investigation over Missing $4bn in Global Corruption Probe*

Only 3 Countries Left Without a ROTHSCHILD Central Bank!*

World Freemasons Gather in Tokyo to Select New Leader as Golden Age Dawns*

Rothschild Family Wealth Is Five Times That of World’s Top Billionaires Combined*

There Were 88 Media Companies… Now There Are 6 which get their News from Rothschild*

Turkey-Russia Tensions Spike as Russia Moves into Rothschild-Murdoch Illegal Stake, Northern Syria*

Lord Rothschild Demands Britain Stay in E.U.*

Rothschild Billion Dollar Money Laundering Plot in Africa*

 

India’s Cashless Villages not Really There Yet, But the Nightmare Has Begun*

India’s Cashless Villages not Really There Yet, But the Nightmare Has Begun*

By Rezwan

A small village shop in Himachal Pradesh, India. Image from Flickr by Michael Foley

A small village shop in Himachal Pradesh, India. Image from Flickr by Michael Foley

After the recent de-monetization in India, one of the largest cash-based economies of the world, people had great difficulties carrying out day-to-day transactions. Even now, as new “cashless villages” are trumpeted in the media, recent reports reveal a lack of adequate infrastructure and villagers who are struggling to make the transition.

On November 8, 2016, India took the bold step of withdrawing 500 (US $7.50) and 1,000 (U.S. $15.00) Indian rupee banknotes, which represent 86% of the total currency, from circulation. The main mission of the Modi government was to stop the flow of illicit cash and crack down on counterfeit banknotes.

The process was not systematically implemented, which created chaos across the country, especially in villages where people are extremely cash reliant. People could not buy the things they wanted and needed, businesses could not receive payment for their goods, buy tradable goods, or pay their staff. Adequate supplies of new notes were not available to take the place of the demonetized currency, and people had to join long, serpentine queues outside banks to withdraw money for day-to-day needs (See Global Voices report).

The Indian government defended the de-monetization move and noted bluntly that the highly inconvenient currency shortages would themselves provide the impetus to drive India towards a cashless economy.

Emergence of cashless villages

In the months since the demonetization, a number of villages have been declared newly cashless. In a number of cases, the transformation was driven by local NGOs with the help of banks and local authorities. Some 11 remote villages in India have been adopted by the United Bank of India (UBI) under a pilot project to transform them into cashless villages, for instance.

Dhasai village in Maharashtra is one of the few villages in India to go cashless. https://t.co/TuH0MkDZFX

— scroll.in (@scroll_in) December 18, 2016

Amid chaos over cash, J’khand’s tribal dominated Nuagram is going to be the first ‘cashless’ village by December 2016.@htTweets pic.twitter.com/iBmBIx6jIb

— Sanjoy Dey (@sanjoy_dey25) November 21, 2016

Reportedly, the villages had point of sale (PoS) machines installed, more bank accounts with ATM cards created and mobile banking apps like PayTM and RUPay downloaded onto smart phones before being declared cashless.

Many banks are enabling SMS banking platforms and software for the village to enable users to do basic banking transactions in English and their local languages.

India’s dream of a cashless economy is slowly turning into a reality. The SBI Colony in Nerul & Shirki village goes #Cashless. pic.twitter.com/PFhRbP5nLH

— State Bank of India (@TheOfficialSBI) February 17, 2017

#DigitalIndia2017
India’s cashless villages – The Times of India https://t.co/kIybFwl9J8 pic.twitter.com/9xvxj5Ewdg

— Agent Crocus Sativus (@TripathiTweet28) January 3, 2017

The challenges

Before the demonetization in India, 95% of all transactions were in cash, 90% of vendors didn’t have card readers and 85% of workers were paid in cash. Debit and credit cards are mostly restricted to the urban middle class.

In rural areas many do not have bank accounts, and online transactions are still distant dreams since people are not literate enough (most banking websites are in English). There are still not enough smartphones — only 17% of the population currently have access to one — and Internet connections are often slow and costly for the poor.

Rural merchants and consumers prefer cash transactions to avoid paying the service tax of around 14.5 percent on certain services. Many do not use mobile payments, although the trend is shifting quickly.

Monishankar Prasad, a New Delhi-based author and editor told Forbes that “no economy can go completely cashless” and that India’s alternative systems require building up with more training for the population.

Helping India Go Cashless: India’s largest Lender SBI adopts Shirki village in Pen Taluka in Maharashtra #BenefitsOfNotebandi pic.twitter.com/In6xNH3cxA

— Sagar Khandelwal (@Khandelw13Sagar) January 15, 2017

More than 500 JANDHAN account opening and a digital cashless training to the villagers organised by VESS India at Domri Village of Varanasi pic.twitter.com/fo1HiHhMsH

— Dr. Rajesh (@DrRajeshvess) January 12, 2017

Claims not true

Although some of the news of the transformation seemed promising, soon there were reports refuting the claims that villages have become cashless. A Hindustan Times report called the trend of declaring cashless villages “a fad”. Investigative reports found that the claims are mostly on paper.

In many villages that were declared cashless, many swipe machines for cashless transactions did not work for lack of internet or electricity. Even those which worked could not be used as local people did not trust cashless transactions. These villages lacked ATM machines and villagers had to walk to their nearest town to withdraw money. Even the additional data plans proved expensive to some villagers.

By transferring Rs5 digitally to 27 accounts, the District Collector declared Malappuram “first cashless tribal village”! Just incredible!!! pic.twitter.com/pytfVYFaP6

— M S Rana (@ms_rana) January 6, 2017

Claims of Rajasthan village becoming ‘cashless’ busted – Janta Ka Reporter https://t.co/CGnNoImcR2

— Rajasthan Travel New (@Rajasthan_News) January 6, 2017

Pune: In ‘cashless’ village, only 50 per cent have ATM cards: About 25 kms from the main city of Pune, in Khed https://t.co/knEQPuSnP9

— The Currency Scene (@CurrenScene) January 4, 2017

The Modi government called this village “cashless” as an example of the new India. Reality is quite different https://t.co/A8QZ7Ypck6

— Ajay Mehta (@ajaymehta) February 12, 2017

“The vision of #Digital & #Cashless India in ‘SMART’ Jhattipur village is still far from real.” https://t.co/1uTrp45lg0

— Dr. Shahid Siddiqui (@shahidsiddiqui) February 19, 2017

People in Lanura village in Budgam, 25 kilometres from Srinagar, Kashmir were trained and the village was declared cashless on December 18. It turned out that the village, however, lacked adequate internet connections and smartphones.

India is supporting cashless economy, Now Lanura village in Jammu & Kashmir becomes cashless. #DigitalIndia2017 pic.twitter.com/pLaVw7Q9Xm

— Ashish Mishra pune (@aashish81us) January 3, 2017

Rafiqa Bano, a community correspondent at the award winning citizen media site Video Volunteers posted a video report in which locals in Lanura admitted they were stunned by the declaration.

“The village lacks basic facilities, like electricity infrastructure, water, metallic road and other amenities of life, says a villager, Ghulam Mohammad. The villagers are poverty stricken and a very few people use smartphones and internet. Locals are aghast over the announcement and demand a probe into the matter.

The district administration Budgam under its [declaration] released on its official website maintains that the ‘feat’ was achieved through “rigorous efforts by CSC e-Governance Services India Limited and National Informatics Centre (NIC) under the objective of Digital Financial Inclusion.” In the few shops scattered across this village, people could be seen doing cash transactions. Apparently, NIC Budgam’s District Informatics Officer has been awarded for this ‘achievement’ recently in New Delhi.”

Although many of the claims were not 100% true and the villagers still need to learn the basics, few would deny India has taken its first step towards a cashless economy. The government plans to provide free Wi-Fi to 1050 villages in the next six months as part of its Digital Village initiative. Similar initiatives and a reasonable period of time are required before we can call such Indian villages truly cashless.

Source*

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