As polling gets under way in India - the largest exercise of democratic choice in the world - voters (where a quarter of the population earn less than $2 a day on average) are being lured by politicians offering illegal handouts.
Bloomberg reports that India’s enforcement agencies have so far seized cash, liquor, drugs, gold and other contraband worth 25 billion rupees ($361 million), already double the value of goods seized in the entire 2014 elections.
“It is becoming a menace and assuming alarming proportions -- it is a national malady,’’ said V.S. Sampath, former chief election commissioner.
“It also shows how people are placing more faith on money than policies and programs."
Acceptance of money to vote or not to vote for a candidate is punishablewith prison terms, fines or both. In 2014 the Election Commission seized 12 billion rupees worth of cash and contraband.
"There should be moral and ethical awareness among the voters,’’ said Sampath.
“The Election Commission alone can’t solve it."
This growth in vote-buying also means a significant rise in election spending, making it the world’s costliest election.
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If you aren't paying attention...several market sectors are being stress tested for public reaction and time intervals on several variables. Between Venezuela, Cyprus, Greece, France, etc., soon it will be coming to your 1st world country!
Have you protected the intrinsic value of your stored wealth...some estimates have the U.S. Dollar's purchasing power devaluating to as much as 10% of it's current value today!
What about Gold & Silver confiscation pursuant to your citizen adhesion contracts? India is going through it now, and the cognitive dissonance is at an all time high, with limited push back from the general public. An apathetic public, will result in greater loss of capitalist value systems, and your personal net worth!
COVEST IN YOUR IVA TODAY
AND PRESERVE THE INTRINSIC VALUE OF YOUR WEALTH!