Indian government

Less than a year after India launched a shocking "war on cash" when on November 8, 2016 it unveiled a demonitization campaign in an effort to wipe out huge amounts of so-called 'black money' and streamline its largely cash-based economy, which however was called “a colossal failure which cost innocent lives and ruined the economy" by Rahul Gandhi earlier this month after it was revealed that 99% of the high denomination banknotes cancelled last year were in fact deposited or exchanged for new currency, even as India's GDP tumbled to 2 year lows...

After crashing 30% last week, Bitcoin is now up over 33% in the last few days helped by a surge in demand from India exchanges after the India government ruled Bitcoin as legal in India...

Yet another big rebound... this time as India - the world's second most-populous nation rules in favor of regulating Bitcoin...

Now this is a 'zero tolerance' policy!

As TheAntiMedia's James Holbrooks reports, to protect rhinos, this national park shoots poachers, and has killed over 50 so far.

“The instruction is whenever you see poachers or hunters, we should start our guns and hunt them.”

 

“You shoot them?”

 

“Yah, yah. Fully ordered to shoot them. Whenever you see the poachers or any people during night-time we are ordered to shoot them.”

India's 'de-monetization' scheme has caused chaos across the nation, and while SocGen says the government's plan may have some short-term success in curbing so-called 'black-money', investors should "brace for economic disruption" as Bloomberg reports the Indian government is considering a cap on cash holdings for individuals. As SocGen concludes, "people will now be more inclined to park their black income in gold rather than in currency."

Submitted by Koos Jansen via BullionStar.com,

While India’s gross gold bullion import in 2015 reached the third highest amount ever at 947 tonnes and gross silver bullion import reached the highest amount ever at 8,504 tonnes, the Indian government is perpetually trying to obstruct the populace from protecting their wealth.