CounterCurrents: Data Show Demonetisation Is A Failure, NATO’s Playbook Of Proxy Wars In The Middle East

Dear Friend,

The data coming out show that India's demonetisation experiment is a failure and shrinking the Indian economy. The Nikkei/Markit Manufacturing Purchasing Managers' Index fell to 49.6 in December from November's 52.3. It was also the biggest month-on-month decline since November 2008, just after the collapse of Lehman Brothers triggered a financial crisis and brought on a global recession. It's the first realistic data of the impact of November 7 announcement of the banning of Rs 1000, and Rs 500 notes. I wonder if this data really shows the plight of rural India. Reports coming from rural India paints a much darker picture. 

Norbert Häring a well respected German business journalist argues in his article "A well-kept open secret: Washington is behind India’s brutal experiment of abolishing most cash" that Indian demonetisation drive is an experiment hatched in Washington. I don't agree with some of the conclusions of the article, however, it's packed with a lot of facts. An English translation is here http://norberthaering.de/en/home/27-german/news/745-washington-s-role-in-india#weiterlesen

And also more stories from around the world. 

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In Solidarity

Binu Mathew
Editor
www.countercurrents.org





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http://www.countercurrents.org/2017/01/02/natos-playbook-of-proxy-wars-in-the-middle-east/

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