On 8th November 2016, Indian Prime Minister, Narendra Modi, declared 86% of the monetary value of cash in the system illegal. This was done with three stated objectives: end counterfeiting, corruption and terrorism. This led to huge chaos and has continued till today. In fact, as we talk today, on 18th December, chaos is worse than it was earlier. The line-ups are huge and are growing. Banks have no cash. ATMs have no cash. There was no planning. ATMs have not been calibrated. More than 80 people have died merely in the line-ups. Economy is grinding to a halt. At least 80,000 people have lost their job just in the city of Surat. You can take out only Rs 24,000 per week, but no bank is giving even this cash, for they have no cash to give out. Counterfeiting is up since demonetization was announced. Banks have become very corrupt, for they have an opportunity to help out the bribe-giver. Common person lacks access to cash. Middle Class is now starting to suffer. It seems that the whole country—ironically—has become a big money-laundering operation. Modi did not plan anything, so he is now having to do non-stop patch-up jobs. This problem will take at least 6 month to come back to normal. Modi now wants to make India a cashless economy—this of course is not going to work out. Factories are closing. Young people are getting unemployed. And this will continue to worsen. People are standing outside banks all night with hopes of being the first ones to get cash from the bank and hopefully to go to work after the bank opens. Modi is losing his support and people are increasingly becoming angry. Farmers are in distress. There is a carrot behind why many people support Modi. They are hoping to get $22,000 per person (1,300% of GDP per capita) when all the unaccounted money has been seized—this will not happen. Modi wants to go into history books. Modi might lose the next elections, except in Gujarat. Demonetization has taken India back to 1,500 BC in terms of money.