DeMonetization Thoughts.....!!

As the demonetization slowly sinks in Brain started to think in Multiple ways.

First thoughts on Demonetization. 
1. Awesome, everyone having heavy amount of hard cash should be punished.
2. Hope the black component of the property transactions reduces substantially.
3. Finally proud of having all Money which I have paid Taxes for.
4. The fake money is going to be killed.
4.So if 500 Rs and 1000 Rs were the reason for Black money then why introduce a 2000 Rs note which will cause the black money to grow again after some time.

After a few hours. 
1. The big fish that the PM claims are hoarding black money won't just have cash. They will have Gold, Property and foreign currency.
2. The government still has not incentivized the transaction which we do on cards, like petro Surcharge on CC and Debit cards.
3. Oh my god ~80% of cash is in 500s and 1000s you will have a shortage of 100s and lower denominations. Who will give me change for 2000 Rs now??

After a Day. 
1. Was this decision made in a hurry? The preparedness of the government was good when you consider the level of secrecy needed,
2. Will the banks be able to cope up with the influx of people?
3. Will the ATMs have cash?

After 2 Days. 
Let’s see who gained form this. 
1.Government: All the money which is not converted is paid back to government as dividend by RBI.
2.Banks: Their deposits increase, they can sell Investment plans to people who deposited. (The government is pumping money into banks for their survival. The bad loans are a very high in banks)
3.Corporate: Banks have money and can’t keep it idling. Already Ambani and Adani are enjoying by loaning huge amount. Vijay Mallya even Ran away.

Who is starting to get irritated. 
1. Me? I have some 5000 Rs in 500 and 1000 notes!? Have to stand in queue for changing the hard earned money on which I have paid Taxes?
2. Non working ATM’s. Have a few 100s on which I am surviving. The need for cash is inevitable. Small sellers won’t have change for the 2000 Rs note.
3. The Banks which are sending Txt messages as if they have laid a red carpet for the exchange and making my phone buzz.

Who I think will suffer. 
1.People without bank accounts.
2.People who did not understand what actually happened and when PM said 500 and 1000 will be piece of paper and though the notes lost all value.
3.Extreme Rural areas where bank is at a distance and the economy runs on Cash. How will they manage?
4. Businesses which deal in cash.

Present Thoughts:
1. For a Common Man: some short term hardship for Income Tax departments failure to catch the Black money holders.
2. For Political Party in Power: An Opportunity to Say we took very hard steps to curb Black Money. (I will wait for the numbers on April 2017 before believing you.)
3. For Stupid People holding crores of cash : Next time buy Gold or Property or Dollars (Justice served- You deserved this)
4. For Opposition Political Party Some dumb people are asking dumb questions, Stop it.

Short Term:
1. A lot of struggle for the Chillar, Getting the new cash. Getting new notes.
2. Lot of Queues for exchanging cash.

Long Term Hopefully :
1. Less Black money? (I have serious doubts with the 2000Rs note.)
2. Reduced inflation/ Property prices?
3. Stronger economy with most electronic transactions?


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