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IPFS News Link • India

India Cash Ban Has "Single-handedly Crushed the Economy"… 1.25 Billion in Crisis

•, Michael Krieger

Venezuela's economic crisis has worn very hard on the people, and the currency very much plays into what socialist President Maduro has called an economic war with the West – with oil prices having kicked off the turmoil.

Now India is imposing strict cash controls for no particular reason, other than to merge bank account data with a billion biometric scans on people who live rural, poor lives. It is creating dire consequences for the middle and lower class economies, and yet it seems that the government has little regard for the pain that it is causing the people it is ruling over. Which country will clamp down next on its population with cash controls that amount to domestic economic sanctions?