Organized loot , legalized plunder

Daily 30 min at an ATM  machine is my routine, probably the routine with everyone reading this article.

The day marks 24th of November, a red letter day for the French where the battle of 30 years war which cost the french very dearly ended !

Inspirational words from the government ?

"We see the opportunities of tomorrow but are we failing to see the sunset of the bright days".

Does it sound  pessimist ? 

During my internship days at RBI ,had a rare opportunity to meet Subbarao then Governor.
On that talk show he bought out the point that the larger economical community sees central bankers as "pessimists in the crowd ".

If the banks are doing good business they say stop you can't lend so much ,affects the economic stability  ! 

Central bankers who do the tough job of bringing macroeconomic stability or the economic of scale of currencies , the likes of  Raghuram Rajan who finds it witty to explain the tough  demand pricing demand model with "Dosanomics" yeh you heard it right with the story of humble Dosa  !

Manmohan Singh our former PM is also a widely respected economist.

Preachers of Macroeconomics and vouch for Macroeconomic stability has the disadvantage  that  the creator often is outlived by the time it becomes a  success model . 

Walking down the history lane ,

India was the fastest growing economy in the world with 1.8 trillion dollar GDP .

Manmohan many attribute to as a  creator of this economic success model,
though mostly a silent person unlike 

#Modi who doesn't s hold the charisma or the Will and heartbeats 
Modi brings to the ground .

His speech in parliament today was well chosen words which presents the ground reality,

He used some powerful and impactful words "Monumental failure" ,"Historical blunder" and "Un parallel economic emergency ".

Though I see a lot of politics at play at these words and he himself just being a puppet PM at the time had difficulty in pushing some good economic reforms in his mind .

Some of the facts of the matter needs attention ,

There is nowhere in the world individual monetary rights have been curtailed to this extend.

 (Only in  Greece perhaps , but remember there is economic emergency and a battered economy )

Manmohan has rightly said pointed out that doing so the government has raised one fundamental question

    "What is the obligation of central government and RBI to a legal tender ?".

RBI has been reduced to a puppet of the finance ministry and rules of demonetization change daily its a disaster for central banks . Regulator who doesn't have the economic freedom nor certainty ! 

The rupee is going on a  free fall and the economy is in doldrums with agricultural sector badly hit farmers are in front of ATMs and not on fields !

Cine Actor Mohanlal has came out and compared the situation to a necessary sacrifice ,
The problem for many is we don't see them making this sacrifice !
Sarcastically how are these guys affected any way ?

Who has complaints then ? 

Small merchant ,daily wage earners ,cooperatives ,government servants ,housewives .

The unorganised complained the poor complained ,unfortunately they cant take part on twitter surveys or  TV  discussions or facebook groups ! As very survival is at stake !

When I went to my bank branch today  there was this man who didn't know the procedure to fill out the new note exchange form ,he is not alone I myself following all this news didn't know what to do either .

A question to the government at this point would be ,did you consider ?

If in kerala with 100 % literacy and in Kochi with more than 80 % financial inclusion there are many who don't know what to do ?  (has the preparations been sufficient and judicious ?)

How could the rest of india with less than  half the banks and literacy be  working  ? 

It shows planning for a major policy change and implementing it on a big country are two different world's to be evaluated.

After all who hasn't heard the quote   "In the long run we are all dead ! "