Aim of Demonetisation

• In this 2nd Anniversary of demonetistion I will like to point out "Aim of Demonetisation"
• The aim of demonetisation was NEVER REALLY TO MAKE A SHORTFALL OF THE MONEY COMING INTO BANKS"
• The aim was whatever the shortfall, the BJP Govt will make the "SHORTFALL WITH THE NEW NOTES"
• The aim of BJP Govt was never that 80% of money came back, so let us brand the 20% which did not come back to the bank as "black money" and use it to cover up the losses of banks or use the funds for the country's development.
• The opposition parties also thought that...initially.
• Govt. will use the shortfall to write off bad debts of big corporates.
• But that was never the aim of this BJP Govt.
• Their aim was to use the shortfall to use notes to make up the shortfall.
• Even if 70-80% of the notes came back, who is checking that...The Govt claimed that 99.3% of the notes returned.
• Which means the 20-30% of notes amounting to lakhs of crores went to the hands of BJP and their friends which are mainly big businesses and corporates.
• Nobody counted how much notes came back.
• It is a logistical nightmare.
• What must have happened, the old notes went straight to incinerator. Nobody ever counted them.
• Basically that was the reason for introducing the 2000 Rupees note, so that will make the job easier.
• Even outsiders who wanted to exchange were allowed at a commission, the commission which went to BJP pockets.
• Example, suppose someone from Samajwadi Party wanted to exchange the old notes with new notes that could only happen through an intermediary who usually would be a BJP affiliated person at high perhaps 60 or 50% commission.
• Means you give 50 lakhs of old notes and get 30 lakhs in new notes and 20 lakhs went to BJP or their affiliated person as commission.
• Lakhs of crores were minted this way.
• And BJP has made enough money to last seven generations.
• That is the harsh reality of demonetisation.
• It was never the intention of BJP to get a "shortfall".
• A shortfall if there was any was made up with new artificial money using the Govt tool of RBI which went to BJP or their affiliated persons accounts (official or unofficial).
• It is the biggest heist of the century perhaps.
• Even if it is repeated again the windfall made by BJP in November 2016 can never ever be matched.
• India is known as "Golden bird" or "Sone ki Chidiya" for this reason alone.
• What the unofficial aim of demonetisation was that was achieved. To make new money from old money even if that money never came back.