Consider it a warning

[Rhodes]

ZeroHedge

"Last week Jayant Bhandari related the story of the overnight ban of certain banknotes in India under cover of “stamping out corruption” (see Gold Price Skyrockets In India after Currency Ban Part 1 and Part 2 for the details)."

"Moreover, the poorest of the poor are suffering the most on account of the ban, not least because the promised replacement of the banned banknotes is apparently hitting major logistical snags and may take much longer than thought."

One point really stands out:

The caste system is so ingrained in India that the suffering of the poor is seen not as human suffering. Kind of makes that spiritual enlightenment thing sound fairly evil.

I think the US election also caught the government of India by surprise, these socialist arseholes thought they would be dealing with the Clintons in case a bailout was needed. Heh surprise dipchits

It would have been here next had things gone the other way, may still do it.

[charles royer]

Cycle of poverty
From Wikipedia, the free encyclopedia

In economics, the cycle of poverty is the "set of factors or events by which poverty, once started, is likely to continue unless there is outside intervention".[1]

The cycle of poverty has been defined as a phenomenon where poor families become impoverished for at least three generations, i.e. for enough time that the family includes no surviving ancestors who possess and can transmit the intellectual, social, and cultural capital necessary to stay out of or change their impoverished condition. In calculations of expected generation length and ancestor lifespan, the lower median age of parents in these families is offset by the shorter lifespans in many of these groups.

Such families have either limited or no resources. There are many disadvantages that collectively work in a circular process making it virtually impossible for individuals to break the cycle.[2] This occurs when poor people do not have the resources necessary to get out of poverty, such as financial capital, education, or connections. In other words, impoverished individuals do not have access to economic and social resources as a result of their poverty. This lack may increase their poverty. This could mean that the poor remain poor throughout their lives.[1] This cycle has also been referred to as a "pattern" of behaviors and situations which cannot easily be changed.[3]

The poverty cycle can be called the "development trap"[1] or "poverty trap" when it is applied to countries.