What's up at home today...?

Well, we had all the money in BANKS. But Govt thought that there is too much corruption and bribery in India. So they Demonetized 86% of the currency.

But Govt didn't even print new currency to replace the old Demonetized currency till the last hour. As a result nations woke up one day with only 14% of currency. On top of it, as Govt was in a rush to print new currency. Many newly printed currency notes turned out to be flawed. This created more problems. So people started hoarding remaining currency notes in a panic.

We created at Artificial Bankruptcy - probably first time in human history. But lack of liquidity/cash caused tremendous loss to economy. Entire supply and distribution chain is disrupted. Labors and workers stopped work. Trucks and commercial vehicles stopped operations. People could not buy basic groceries.

You may be wondering why people in India are so dependent on CASH? Why don't they use credit cards? Because 98% of transactions are in cash. 900 Million Indians do not have internet access. Only 1 in 100 people have Credit card. 80% of Villages in India don't even have a Bank or ATM machine. In short - there is no Banking and network Infrastructure. Hence when CASH money was removed, economy came to halt.

I can't begin to tell you how fucked up India is.

We are number 1 or close to number 1 in.

1. Corruption
2. Social backwardness
3. Religious backwardness and fanaticism
4. Crime against women and minorities
5. Crime against foreign tourists
6. Pollution - Our cities are the most Polluted
7. Hooliganism, Gangs and Mafias

Marcel Gotlib is dead.