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I pray that this never happens in the United States. Money is the most powerful thing in any modern society. When transactions are controlled and surveilled the
by matt_wulfeck 10y ago
I pray that this never happens in the United States. Money is the most powerful thing in any modern society. When transactions are controlled and surveilled then what can stop total control by a determined government?
The black market is a bogeyman. I hope others see this as well.
- swatkat 10y agoNo offense, but do you think your transactions are not surveilled by your government or any of those three lettered agencies? ;)
- nothrabannosir 10y agoThat's his point. Yes they are, when they can be. You can't track cash transactions.
- swatkat 10y agoSo is the case in India. Cash transactions aren't banned. The linked article title is misleading. Existing ₹500 and ₹1000 currency notes are being replaced with new ₹500 and ₹2000 ones.
- matt_wulfeck 10y agoI didn't know that. Was the motivation simply to get everyone to turn around their cash?
- pavanky 10y agoWhen transactions are controlled and surveilled then what can stop total control by a determined government? Where do you get the impression that this is happening in India ?
- greglindahl 10y agoThe US did this after WWII, that's why you can't get a bill bigger than $100 anymore. It was done over 20 years. The rule that any cash transaction over $10k must be reported goes back to 1970.
- 1024core 10y ago> The black market is a bogeyman. To you, maybe. Maybe you haven't seen how insidious and prevalent corruption is in India? But everyone I've spoken to over the past 3 weeks, who are all solid middle-class, has been for it.