Published on Jul 7, 2017
Josh Sigurdson sits down with author and economic analyst John Sneisen to talk about the ramped up efforts by India towards a centrally planned cashless system following their past moves towards eliminating 86% of cash and coin in circulation.
India has already desecrated (free) black markets, shoved countless individuals into poverty and have forced hundreds of millions of Indians into the banking system.
As Business Insider reports,
“Before 2009, half of all Indians didn’t have any form of identification, not even a birth certificate… Then In 2009, India launched Aadhaar. Aadhaar is a biometric database based on a 12-digit digital identity, authenticated by finger prints and retina scans. As of 2016, 1.1 billion people (95% of the population) had a digital proof of identity. In 2016, India added another component to its digitized system called India Stack. India Stack allows citizens to open a bank account or brokerage account, buy a mutual fund, or share medical records anywhere in India with just a fingerprint or retinal scan from Aadhaar. Put simply, India Stack could be the framework for a new digital society.” So this is the technocratic age we’ve been warning about!