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Showing posts from 2016

Debunking the myths of 2000 Rs notes and abolition of 500 Rs, 1000 Rs denominations

Seems that the new design notes especially the 2000 Rs. denomination note is taking the social media by storm. And now the prime minister banned the 500 Rs and 1000 Rs notes in India stirring up the speculation more. But several things aren't adding up here. A lot of speculation adding to the confusion about the governments new policy change. Let me point out some extraordinary contradictions on this topic. The following points make me doubt about the speculation in many ways. The goal of the expected issuance. Before banning of 500 and 1000 Rs. Notes Since the currency of India is continually depreciating and weakening against the dollar on current conditions, the necessity for a higher denomination to catch up with the value makes sense. And the newer version of other denominations along with 2000 Rs. denomination may have thought of containing some added authenticity measures. After banning of 500 Rs. and 1000 Rs. Notes The first thought was that new notes wil

Be warned. The world is ahead of an economic collapse

Bailouts began, Stock markets slumped down, Countries are in panic. The bubble of bubbles is getting on the edge to burst. This time the effects are evenly felt throughout the countries. No country seems to be safer. First the European Union followed by the US and floored by China. This is how it is expected to unfold in a big scale. Bailouts extended the lifetime of the European Union economy little bit. European Union’s slowdown extends the American economy’s lifetime. China’s foreign reserves helped the Chinese to extend their lifetime. It implies each country’s economy is surviving of the collapse because of the slowdown of the other. But how long? Already the panic catches up in every stock market in the world as the slowdown worried the investors.. Currencies are weakening.  Meanwhile the dead bottom price slump of the crude oil put a nail in the disintegrating economy. The so called super powers (US, Russia) are in midst of an complete turmoil. Ev