India’s Economy Is CRASHING Following Demonetization! – Cashless Society Fails

Josh Sigurdson talks with author and economic analyst John Sneisen about the trauma the Indian economy has seen as of recently as economic growth has slumped to its weakest point in Q1 2014.
While the growth is still rather high compared to many other countries, it’s a massive sign of the blowback following the vast 86% demonetization by Modi earlier this year.
Alongside the demonetization, Modi cracked down on black markets which led to many self sufficient free market businesses to shut its doors in the market place. Now those who were making the markets prosperous, are unable to bring that prosperity and the abundance of the free market is decimated.
There have been bank runs and panic as the demonetization sets in and many of the people of India are standing up in rebellion.

A centrally planned cashless society if incredibly dangerous to those who are forced by legal tender laws to use the digital currency.
If your money’s in the bank, it’s not yours, it’s the bank’s. If your money’s always going through the bank via legal tender laws, central planning and digital transactions, you never hold it, the government and banking system ALWAYS own your money and you are in perfect servitude to them. All of your transactions are tracked and you can’t properly try to make a living outside of the massive taxation and aggressive regulations.
These are all factors as India attempts to climb to the top of the food chain alongside the incrementally cashless China as the IMF pushes towards a global cashless society under the SDR.

India has also been pushing forward their Aadhaar system which utilizes retina and finger print scans.

John Sneisen breaks down exactly what’s happening and why you should be concerned.

Stay tuned for more from WAM!

Video edited by Josh Sigurdson

Josh Sigurdson
John Thore Stub Sneisen

Graphics by Bryan Foerster and Josh Sigurdson

Visit us at

LIKE us on Facebook here:

Follow us on Twitter here:


SPONSORED BY: Canam Bullion & Currency Exchange:


Help keep independent media alive!

Pledge here! Just a dollar a month can help us stay on our feet as we face intense YouTube censorship!


World Alternative Media

“Find the truth, be the change!”


About The Author


  • Terry Calderwood

    I use cash all the time for my lawn guy, to give to my grandkids for chores or gifts, for tips, for parking in the city, for garage sales, and to buy fresh produce at the Farm markets and even the people who set up on the side of the road. I bet I can think of more if I tried. I like my debit card, but I use cash almost as much. Thank you for your updates on this insanity in India.

  • Terry Calderwood

    Doesn’t this bar children and young teens from spending money? Or do they all have to line up for identification at birth? I really don’t understand all the details.

  • Weinhold

    Who would have thought that in a situation where people living in a cash and carry economy, where hardly anybody accepts non-cash payment–that creating a situation where you can hardly get any cash (not just because withdrawal restrictions, but because you have to state out the ATM at 4 in the morning when they bring the money), and where you have a fees weeks to trade-in whatever cash they had–that this might be bad for the economy.

  • zzyzx686

    A cashless society existed in Germany right after the end of WW2, when the Reichsmark became worthless. A makeshift currency consisting of cigarettes immediately sprung up to fill the need. In today’s world in the U.S. drugs would play that role, with drug lords stepping in as the equivalent of the Fed. At a later time money could be re-invented as it originally had been over 2,600 years ago, by enterprising individuals striking small ingots of gold and silver with a design recognized as guaranteeing their purity. Coinage would thus be re-invented, and the statists’ worthless electronic numbers would become shunned, and would return to their true value of zero.

  • Weinhold

    Just imagine if you went to the ATM at 8AM, 2 hours after the money was delivered, and it was empty. Now imagine that nobody takes credit cards, nobody takes checks. Imagine if this happened because all the 5s 10s and 20s were declared worthless and everyone had a month to turn them in to the federal government office, that when you got to the federal government office there were hundreds of people trying to do the same thing, imagine that after all of this, they limited the amount of money you could take out if an ATM to $50 per day, and imagine that they intentionally didn’t print enough of the new 5s, 10s, and 20s, or any other currency, so that you couldn’t get any cash. that is Modi’s economics.

  • Muthu Raj

    100% Free from investment,time&place.

    How to earn unlimited money with your android mobile or tablet from this online bussiness.

    To Join this free and big bussiness click and complete your registrations

    Click :

    Necessary for new registrations

    [Refrel id of sponsor-12137209]


    Champcash Full Plan Powerpoint PPT in English :

    Champcash Full Plan Powerpoint PPT in Hindi :

    You can download Full Plan of Champcash From this Link Directly…

    Sponsor ID : 12137209

    Link :

    💯% Free Mobile recharge. Free unlimited Recharge for Life time.You’re invited! Get my gift,free recharge of Rs.1000/daily.Just tap the link, install app & recharge.

  • paul pinnock

    excuse me but I’m I guess I’m lost here somewhere you lost me how can you say that blockchain technology is going to be used to control people in every aspect of your life but then Champion Bitcoin Bitcoin is the system they’re going to use maybe it will not be called Bitcoin in 10 years from now but that’s the exact same system it’s a black chain technology isn’t it Bitcoin is a government-run operation secretly they’re not coming out and putting your name on it because they’re pretending that they don’t like it

  • swordoftruth

    Considering the fact that government everywhere is the most inefficient and ineffective organization of all, not to mention the most destructive of life and environment, the idea that they want to involve themselves in every transaction of citizens is just a nightmare if you think about it for, say 20 seconds..

  • Surud Patel

    The high talk of India going into a Cashless Economy will take its GDP Growth potential further Down. It is a non starter as more than 60% of the Population are illiterate and most have no clue about Bank account Operations. Further most are dependent on daily cash wages for conducting their Lives.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>