So been chatting to couple of Indians over on TMG, and look like their government banned most currency notes for political mileage. That country is so fucked, I mean its already a third world country with bare necessities and a lot of viral infections, now they gone and banned money too? Wtf is actually going on there...
I mean not actually money, but apparently the guv'nor is taxing the living piss out of the average citizen, and moreover have shit limits for ATM withdrawals such as R4000 a week ($50 a week) and around $100 a month... what the fuck!
So as a consequence BTC hoarders are pumping the price up to $950 which is crazy af for someone looking to arbitrage
Its no wonder that most educated Indians end up in USA working corporate jobs that pay well, I mean god bless em they can see that country is headed no where at all. China is going to swallow India up in the next few years if not already.
If USA and Canada has high tax, atleast the Gov' provides something in return, like insurance or free heathcare and education in Canada, but India doesnt even provide drinking water for its citizens nor do they have any roads or electricity in most places.
Most of em are apparently putting off ordering from DNM due to the price being almost $200 more than Btc price in other markets.
Kinda hard to see them come back as a strong economy after this.
What sub am I in?