Much sewage has flown under the Yamuna bridge since Modi announced the demonetization of 500 and 1000 rupee notes. After the announcement, people thronged to banks and ATMs as if a new Sunny Leone movie had been released. People experienced things which they had never experienced before - like withdrawing cash using cheque and getting beaten up by the family members of their estranged lover. Wonderful times.
This demonetization has also left the country deeply divided. On one hand there are Modi Bhakts for whom Modi is a reincarnation of Lord Vishnu and on other there are AAPtards for whom everything is a scam. There is nothing in between these two extreme positions. Even the media is going berserk. If you watch Zee News, you would believe that Ram Rajya has been established in India while NDTV will tell you that situation is equivalent to Mad Max:Fury Road. As Immortan Joe said in Mad Max, so is Modi telling us "Do not, my friends, become addicted to water cash. It will take hold of you, and you will resent its absence!"
There are so many lingering questions about the poor implementation of this demonetization that you will no longer care about asking why did Kattapa kill Bahubali? Questions like why wasn't 500 rupee note re-introduced first? Or to prevent ATM recalibration why were new notes not designed to be of the same size as previous notes? Or why were there not enough notes printed in advance to replenish the 86% of cash which had been suddenly sucked out of system?
It's clear that government had spent as much time in planning this demonetization as a kid spends in deciding which ice cream flavor he would like to eat. The attention span of a baby would seem like meditation compared to the flip-flop that RBI has done in formulating its guidelines.
Donald Trump maintains more consistency in his words than RBI
The standard answer to all this criticism is there would be some pain in short term but there would be benefits in the long run. All this despite the fact that in the long run black money will also make its return and people will again hoard cash. Also in the long run, we are all dead.
As the Dark Knight once said, you either die a hero or you live long enough to see yourself become the villian. Mr. Modi, for the sake of India, I pray to God that day never comes!
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