by Jeff Nielson, Bullion Bulls:
Here’s a good one: “India is set to discuss changes to a scheme to unlock the country’s massive stash of gold at a high-level meeting on Tuesday, after a muted response to the program in the first month of its launch, according to banking sources.”
How desperate is the corrupt government of Narendra Modi to steal the gold of Indians? This is what this puppet regime did already, to try to lure their own people into this scam:
“Last week, the government announced several steps to make the scheme more attractive for consumers, including measures such as eliminating capital gains and income taxes on the interest earned. The meeting on Tuesday is expected to focus on incentives for banks.”
Immunity from taxation for all of the (paper) interest that Indians can “earn” in this scam. Now, even more, the scam resembles the fable of Jack and the Beanstalk:
Indians Swapping Their Gold For ‘Magic Beans’
Yes, people of India: you can get paid paper interest by depositing your gold, but lose your gold in the process:
The deposited gold will be auctioned off from time to time to meet domestic demand for jewellery and coins.
It appears that, fortunately, when it came time for Indians to actually part with their gold that they did some serious thinking about this scam — and saw it for the obvious fraud that it is. The question then becomes: is there anything these Criminals can do to “sweeten the pot” enough to lure the people of India into this scam, in significant numbers?
If not, then this is just another example of the Wile E. Coyote banksters reaping another spectacular failure from all of the their evil schemes…
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