The Day When the ATMs Dried Up - What Would This Crisis Do to America? - LewRockwell

The Day When the ATMs Dried Up - What Would This Crisis Do to America? - LewRockwell: The people of India suffered through a difficult December, caused by a sudden action of their government. On 8 November 2016, Prime Minister Narendra Modi announced that as of midnight the 500 and 1,000 rupee notes would no longer be valid. As their replacement, the new 500 and 2,000 rupee note didn’t hit circulation until weeks later, it left people in a bind. There’s a lesson to be learned here; and that is that our money isn’t safe. The move was made in an effort to curb corruption, forcing both wealthy people who were keeping their assets in cash and … Continue reading →