首页 > 美国 > 印度GDP增长暴跌 莫迪废钞令被称为“破坏经济的巨大失败”[美国网评] [美国网评]

印度GDP增长暴跌 莫迪废钞令被称为“破坏经济的巨大失败”[美国网评] [美国网评]

五毛网 美国 2017年09月05日 来源:龙腾网
Modi's Demonetization Called "Colossal Failure That Ruined Economy" As India GDP Growth Slumps To 2-Year Lows


by Tyler Durden  Sep 2, 2017 10:05 PM
India's embattled Prime Minister Narendra Modi faced a double whammy of abuse this week as his nation's economic growth collapsed to its weakest since Q1 2014 and India's Central Bank released a report on Modi's extraordinary "demonitization" plan last year showing that 99 per cent of the high denomination banknotes cancelled last year were deposited or exchanged for new currency, crushing Modi's lie that his contentious 'war on cash' would wipe out huge amounts of so-called 'black money'.

问题缠身的印度总理纳伦德拉·莫迪本周面临着双重责难:他的国家的经济增长崩溃至2014年第一季度以来的最低点;而且,印度中央银行发布了关于莫迪去年非同一般的“废钞令”计划的报告,报告显示,去年作废的大面额钞票有99%被存入银行或兑换成新货币,这粉碎了莫迪的谎言——他那有争议的“现金战争”将消灭大量所谓的“黑钱”。When Modi announced in November that Rs1,000 ($16) and Rs500 notes would no longer be legal tender, he suggested that corrupt officials, businessmen and criminals — popularly believed to hoard large amounts of illicit cash — would be stuck with “worthless pieces of paper”. At the time, government officials had suggested that as much as one-third of India's outstanding currency would be purged from the economy - as the wealthy abandoned or destroyed it, rather than admit to their hoardings - reducing central bank liabilities and creating a government windfall.


Since he unleashed his cunning plan, India's GDP growth has slowed dramatically.


After India's Composite PMI collapsed, India's Q2 GDP growth slowed to 5.7% - its weakest since Q2 2014...

在印度的综合PMI指数崩溃后,印度第二季度的GDP增长减缓至5.7%——2014年第二季度以来的最低点……And now, as The FT reports, the Reserve Bank of India's annual report on Wednesday suggested that most holders of the old currency managed to dispose of it, estimating that banned notes worth Rs15.28tn ($239bn) were returned to the bank. That amounts to 99 per cent of the Rs15.44tn of the old high-value notes that were in circulation when Mr Modi made his announcement, according to the finance ministry.


The government's critics were quick to seize on the RBI's announcement as evidence of the policy's failure.


“99 per cent notes legally exchanged! Was demonetisation a scheme designed to convert black money into white?” former finance minister P Chidambaram tweeted.

“99%的钞票合法兑换了!废钞令是专门把黑钱洗白的计划吗?”前财政部长P Chidambaram发推说。

Rahul Gandhi, de facto leader of the opposition Congress party, tweeted: “A colossal failure which cost innocent lives and ruined the economy. Will the PM own up?”


The bank's figures are a political embarrassment to Mr Modi, who had appealed to the nation to endure the disruption and hardship to punish the rich and corrupt, and deprive them of their ill-gotten gains.


Many lower income Indians hard hit hard by cash shortages supported the demonetisation policy because they believed the rich were suffering more.


It appears they were suckered!



Kamehameha's picture
Kamehameha Sep 2, 2017 10:12 PM
mission accomplished.


Common_Law's picture
Common_Law  Mr.BlingBling Sep 2, 2017 10:19 PM
Shit a BRIC?


Manthong's picture
Manthong  Common_Law Sep 2, 2017 10:33 PM 
Nothing instills confidence in government and leaders like when they change the rules of the game and pull the rug out from under you in a blindside move.
Modi should be boiled in oil along with his bankers.


tmosley's picture
tmosley  Manthong Sep 2, 2017 10:46 PM
He ought to be executed. But the shit people won't do it. No accounting for them. Guess they think their getting stepped on is punishment enough for their oppressors.


07564111's picture
07564111  tmosley Sep 2, 2017 11:28 PM
__But the shit people won't do it. 


kinda like pindos yes ? .. all guns and no balls ;) ... or no guns and no balls like tmosley :D

有点像美国佬,对吗?有枪但没胆 ;)……或者像楼上的tmosley,没枪又没胆。 :D

philipat's picture
philipat  07564111 Sep 3, 2017 12:43 AM
Unfortunately, it won't make any difference. "Modern Western Liberal Democracies" such as Australia will still double down on their "Wars on Cash" and ignore the Indian experience because their objectives are other than as stated. The real goal is to allow confiscation of your money via the application of negative interests rates with no escape routes. Other than PM's, which, of course, explains the war on them also...Get in line plebs, just STFU and BOHICA......


auricle's picture
auricle  philipat Sep 3, 2017 2:09 AM
I would really love to know if Goldman Sachs gave Modi this shit advice. I really can't believe Modi could come up with such a plan to fuck his countrymen over.  
Actually, I'm surprised the damage wasn't far worse. 


philipat's picture
philipat  auricle Sep 3, 2017 3:22 AM
Probably the BIS; but it's all the same thing isn't it? It seems clear that an experiment was conducted in an economy (India) with a very high dependence on cash to take a "Dry run" as it were. As I said, now that it failed, it won't make any difference and the failure will be ignored.


yarpos's picture
yarpos  philipat Sep 3, 2017 3:00 AM
arent we always sneering at fiat currencies?   suddenly they are really important


BeanusCountus's picture
BeanusCountus  tmosley Sep 2, 2017 11:56 PM
That's what elections are for. We will see if he get's justice or not.


Fred Hayek's picture
Fred Hayek  Manthong Sep 2, 2017 10:58 PM
His bankers? You've reversed the actual status of owner and little pet. Their little Modi.


Mr.BlingBling's picture
Mr.BlingBling Sep 2, 2017 10:12 PM
Failure? Not at all. The people calling the shots think that this test program worked quite well. Phase II will be coming soon to a theatre (of financial war) near you soon!


Handful of Dust's picture
Handful of Dust Sep 2, 2017 10:13 PM
kaine and Soros Jr are calling the Nobel Committee to award Modi the Prize in Economics! This has Greenspan and the Bernanke fuming.


MegaOlmecanManiac's picture
MegaOlmecanManiac  Handful of Dust Sep 2, 2017 10:30 PM
It's just more 3D chess, people. It's just that the pieces are street sweepers, floating corpses, and poo flinging monkeys.


Peter41's picture
Peter41  Handful of Dust Sep 2, 2017 11:54 PM
Krugman is in hiding.


saldulilem's picture
saldulilem Sep 2, 2017 10:21 PM
Political embarrassment? Time will tell, but there was a theory that the scheme was designed to starve opposition parties of cash, resulting in his party scoring state election victories.


Ben A Drill's picture
Ben A Drill Sep 2, 2017 10:16 PM
This has Gold looking better and better.


el buitre's picture
el buitre Sep 2, 2017 10:19 PM
That's what you get for fucking a stranger in the ass, Larry.


assistedliving's picture
assistedliving Sep 2, 2017 10:22 PM
last vestiges of a Socialist experiment....oh, wait


Millennial Permabear's picture
Millennial Permabear Sep 2, 2017 10:26 PM
but, but, Modi had to fight the corruption. Whether the medium of exchange is fiat, silver, gold, bitcoin, or campbell's soup, always blame the hammer not the carpenter.


The Cooler King's picture
The Cooler King Sep 2, 2017 10:29 PM
So many monkeys, so few footballs.


BitchesBetterRecognize's picture
BitchesBetterRe... Sep 2, 2017 11:00 PM
Modi should be kicked out of BRICS - same goes for that fucking Brazilian Goldman Sachs Temer.  


Latitude25's picture
Latitude25 Sep 2, 2017 10:38 PM
Indian public reaction = buy more gold than ever.  I laughed my ass off when Modi demonetized.


sdot54's picture
sdot54 Sep 2, 2017 10:46 PM
First they agreed to be hotwired with IUD's for the Aadhhar. Apparently Modi convinced them Americans loved their S.S. numbers. Then they bought the idea of getting rid of cash for the good of India. They have to help fight those criminals (A CRAY dark economy in India does exist) Next up on the docket they are introducing a shit load of taxes in the coming years. I've heard some 40 desperate shakedowns...fuck off. Local Indians will be hard pressed 2 speak out or protest, because Modi can press a button and zero their accounts. What's that phrase? "Hi, we're from the government and we're here to help."

首先,他们同意用Aadhhar系统的唯一标识码代表自己。显然莫迪说服他们相信美国人热爱他们的社会保障号。然后他们相信了为了印度的好而废掉现金的想法。他们不得不帮助对战那些不法分子(在印度确实存在黑暗经济)。接下来,他们会在备忘录上引入一揽子未来几年的狗屁税收。我已经听过40来次令人绝望的调整了。艹 。当地印度人将会极度难以发声或者反抗,因为莫迪可以按个按钮就清零他们的账户。那句话怎么说的?“你好,我们是政府派来帮你的。”

East Indian's picture
East Indian Sep 2, 2017 11:44 PM
Ken Rogoff. IMF. 


Indians are the guinea pigs. 


The results are disastrous. Even for the cabal. So, this idiotic experiment will not be repeated in other countries. Instead they will resort to the salami tactics and slowly eliminate the physical cash. 

Poor Modi. He came to power on an anti- America mindset (he was once denied visa by the American Embassy). But the Gujaratis in America (Patels are Gujaratis, from his home state Gujarat) fooled him and he has totally gone with the debt-as-money gang; his commitment to BRIC is questionable. 

He should kick those fellows out. But what do I know?


flapdoodle's picture
flapdoodle Sep 3, 2017 12:05 AM
Modi is a (((Deep State))) puppet and clearly a psychopath - he ignores, or actually enjoys, the pain he has inflicted on millions of Indians as he sees their lifes effort disappear in a bonfire of US$16 bills... what a creep, and what a jackass....not to mention his willingness to start a war with China to help out the US/Israeli Deep State Department.


Yen Cross's picture
Yen Cross Sep 3, 2017 12:09 AM
   Modi is a tool.  I'm not going to go into financial semantics, but India will be in a better financial situation in 2-3 years.


Lost in translation's picture
Lost in translation Sep 3, 2017 12:15 AM


DIGrif's picture
DIGrif Sep 3, 2017 1:34 AM
This piece of shit should have been swinging in a noose within seconds of the stupidity spewing from his lips. All of his cabinet too. Oh well, India, you are a bunch of backward retards and you are paying the price for YOUR and HIS stupidity. Enjoy your life. Why not go and take a crap on the side of the road and then a dip in the dirtiest river on the planet you sick little monkeys.


JPMorgan Sep 3, 2017 6:54 AM
Ok I'm going to kick you in the balls and take your gold and cash, but remember now... it's for the good of the country. Yeah a real success story Modi if pushing people into crypto and gold smuggling was the aim.