The simple way of converting black money to white in India: 1. Black money is taken to Tax Havens through Hawala which, as far as India is concerned, is controlled by the underworld and the Pakistani ISI (which is why pakistan freely assaults our soldiers and we do Nothing!). 2. Foreign Financial Institutions take this money and issue a Participatory Note. It contains no details of depositor-only the amount deposited. 3. Participatory Notes are accepted by RBI (because chidambaram made a law for it), cashed and invested in Stock Market and inflate the stock market. 4. Subsequently, Profit booking is done by these investors and Market falls sharply. Common man (You sir, yes you) loses money. 6. RBI has to pay back in $$$ , making money devaluate sharply. Watch this video for more details about participatory notes: youtube/watch?v=cYDREaLOqyM Indian Govt hiding Black Money A/C holders details: youtube/watch?v=mdMxTSoVKtI
Posted on: Fri, 28 Jun 2013 23:26:40 +0000
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