BLACK – WHITE and GREY of DEMONETISATION – Must read for every Indian
Friday,
November 25, 16
BLACK – WHITE and GREY
of DEMONETISATION – Must read for every Indian
Greetings
from Hitesh! People could see the uselessness of following popular beliefs from
our last post on BREXIT / BIHAR ELECTION and US ELECTION. Many liked the
concept of SELF LEARNING and GROWING UP. They have approached us for our
services. Thanks a ton for the same. I am just going through lot of MEDIA feed
back on DEMONETISATION and I am sharing my views in THREE CATEGORIES – BLACK /
WHITE and GREY of DEMONETISATION. It has am effect on all NORMAL people. Just
read and decide for yourself.
Let us start with BLACK First:-
1. On October
24, 16 – we had written our post - How Mr.Modi is Removing 500 and 1000 notes in his UNIQUE Style? In the same we had
categorically said following -
The SUGGESTION of CANCELLING 500
and 1000 notes is like killing the person with GANGRENE in right foot. The best
way is to cut that much AREA. Any doctor would suggest that only. No DOCTOR
will advise to kill the person. Am I right? Then how come they are recommending
such a STEP when it comes to CURRENCY NOTES? With DEMONETISATION they have
KILLED the PERSON!!
Why CURRENCY CANCELLEATION is useless?
The real big guys who have real
big cash – have the best legal consultants to guide them to deal with their
cash. So, if Govt. cancels the currency – they have the legal ways to replace
it with the new notes.
(Many have raised doubts that big guys might have used their
employees pan card / adhaar card to replace their currency)
We had said that……
To cancel and issue new currency is a very costly affair for
the economy, which is just managing to grow. The ideal way is to stop them
using the cash or raid them and collect the TAX.
Mr.Modi did
not listen to our advice. He did what he thought the best way for changing
India.
2. On June 19, 2015 we had written our post 928 Households Controls 20% of Financial Wealth & it is growing at
CAGR of 26%!!
Boston consulting
group has come out with their report. The above data is taken from it. India is
a country of around 125 Cr people. If we assume, just 5 persons per family than
there are 25 Cr families in India. Out of 25 Cr families – we have just 928
families who are sitting at the TOP!!
Situation in Other
Countries: -
In USA there are 5201
families / in china there are 1037 families / in UK there are 1019 families and
in Germany there are 679 families. India stands at 4th place ahead
of Germany with 928 families.
Would it not have been
EASY to catch the 928 families rather than troubling 125 Crs people?
According to me this
is a GRAVE mistake.
3. Marie Antoinette, the last queen of FRANCE before FRENCH
REVOLUTION had said this famous quote “
If they can’t have BREAD, Why don’t they eat CAKE?”
We are being told
the same thing – “if you don’t have cash, use CARD”
As per the statistics given in
PARLIAMENT – there are 2.6 Crs credit
cards / 14 lakh card readers for 125 crs people in INDIA.
The GREATEST step according to my
VISIONARY client could have been linking RUPAY CARD with all JAN DHAN accounts.
Give them CREDIT of Rs.5000 and ask them to use. Side by side all the retailers
should have been forced to do trading with this CARDS only. With Rs.5000 credit
– 25 CRS JAN DHAN account holders would have developed the HABIT of USING plastic
money at RETAIL OUTLETS and the NEXT step should have been cancelling the
currency.
MODI missed this GREAT
opportunity to TRANSFORM The PRUCHASE HABIT of 20% of the population!!
4. NOTE SIZE:- They have changed the note size.
Now they have to spend millions on RECALIBRATING the machines. It is taking
time and people are suffering unnecessarily.
Ideally, they could have kept the note
of the same size so that the time and efforts to recalibrate could have been
saved.
This is another BLUNDER in the total scheme of the
DEMONETISATION.
Now let us look at the WHITE SIDE OF THE DEMONETISATION.
1. Money came out:- As per RBI reports - Rs.5 lakh Crs have been deposited to the
bank accounts so far.
The money was lying somewhere.
People have bought GOLD, property / converted the currency / exchanged the
currency or deposited in their accounts. The end result is all the money has
come back to BANKING CHANNEL. There is still one more MONTH to go – and I will
not be surprised to see this figures going up, up and up.
This makes India only COUNTRY in
the world with SURPLUS funds. All the countries are running in DEBTS, while
India is having money in the BANKS. Indian BANKS have funds to LEND (Whether there
would be a borrower or not is different issue?).
2. STRONG DATA BASE:- The Government has got the
new data base to study the Indian Psychology depending on the deposits they are
making in the banks.
If PROPER STEPS are taken with
GENUINE purpose to change the country – this data can be of really good use. If
not – it will lead to unnecessary harassment to the depositors in the 2017.
In that case - The most asked
question of 2017 could be – DID YOU RECEIVE the NOTICE?
I am hopeful that Mr. MODI will
take positive actions from the above DATA BASE to take India forward.
3. ERADICATING POVERTY:- Since all the people
have deposited the money – say above Rs.1 lakh – it means they are not poor as per
the definition of BELOW POVERY LINE. Mr.MODI can claim to have eradicated the
poverty in one STROKE. This may increase the RATINGS and FII may invest more
and more money in INDIA.
This will reduce the SUBSIDY
BURDEN of the COUNTRY. GDP will FLY.
Now let us see the GREY AREAS.
I have given 100% OBJECTIVE
reasons for support or against the demonetization. I am not interested in them
or Mr.Modi. I am interested in your FUTURE my friend. This GREY AREA is for you
to read. Your FUTURE is dependent on them.
With the MODI’s move – RICH and
POOR both came in the line. (BACK DOOR or FRONT DOOR line is not an issue). The
FACT is they are in line.
Today BANKS are not giving money
to you, as they have no CURRENCY due to poor logistics. But it may happen some
day that they may not give you money, in spite of they having money as some TOP
authorities have asked them not to give you or they have lost all the money
AFTER BORROWERS like MALAYA. What will you do at that time?
This is a WAKE UP CALL for you my
dear friend. In USA, FED refinanced the BANKS with TAX PAYERS MONEY and today newborn
baby has a debt of USD 35000 or may be more!! So, they stole the money of
FUTURE GENERATION and saved the BIG guys in USA. Same thing is happening in
India. They WROTE off the BAD LOANS of BIG GUYS – and troubling the SMALL GUYS
for Rs.2000.
JIM ROGERS, one of the STREET
SMART investors – who had travelled the WROLD two times – on BIKE and in CAR
has an answer for your problems. From last so many years – JIM is investing in
COMMODITIES. He is investing eatables and things like that. He knows that
commodities are the REAL ASSETS and not MONEY, which BANKS, can stop giving you
any day.
Just see when you first got your
Rs.4500 on 10th November - you first went and bought the FOOD items
for your family, am I right?
What NEXT?
If you have suffered loss by
keeping CASH this time – it’s a time for you to LEARN REAL INVESTMENTS.
Keeping money in Fixed Deposits /
Banks / CASH at home is SAVING and not INVESTMENTS. Understand this difference
and plan your investment before NEXT SURGICAL STRIKE.
If you really want to take control
of your LIFE, you need to LEARN to take CONTROL of your MONEY. If you want to
LEARN how to CONTROL your MONEY effectively and MULTIPLY it fast – you can
contact me.
TREAT this as PERSONAL REMINDER from your FRIEND.
Do contact me.
Have a GREAT WEEKEND.
Follow me on Twitter @hiteshmparikh / WhatsApp - +91-9869425399
/ www.hiteshmparikh.com
Live With
Passion…Invest With Passion.
Hitesh Parikh.
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