Ashutosh Pathak, Editor-in-Chief Qvive Network: Friends, over the past two to three days, a news story has been circulating on the internet and in the media world. The news is about whether the Indian government will withdraw or discontinue the ₹500 currency notes. However, if you search on Google or the internet right now, you will find the government’s official version stating that there is no such plan. This is misinformation. There is no current plan to withdraw the ₹500 notes, nor is the government considering it. That is their official stance, and we should accept that the government is not thinking about withdrawing the ₹500 notes.
But if there is smoke, there must be fire. If such discussions are happening, someone must have said something somewhere, some fire must have been ignited. That’s why there is smoke; there is fire, and the fire has indeed been set.
The Chief Minister of Andhra Pradesh, N. Chandrababu Naidu, recently said in public that it is extremely important to eliminate political corruption and also to end economic corruption in the financial system. Now, N. Chandrababu Naidu has suddenly started focusing heavily on political corruption and economic corruption within the social system. I am surprised where this is coming from. But his point is that if we want to stop political corruption, we must impose restrictions on currency notes. These currency notes are the root of corruption.
Now, Chandrababu Naidu is a great philosopher. He says that cash money is the root cause of corruption. How can this be stopped? By heavy digitization. Digitization is a very good thing, and the Indian government is working on it. Ordinary people in India are also benefiting from digitization. Even I have almost stopped keeping cash. I use Google Pay or Paytm very little, but digital money transfers — bank-to-bank transfers and all — have become a routine part of daily life. So far, so good.
But is it appropriate to completely remove cash currency notes from the economy and shift the entire economy to a digital mode? Today, on this very issue, I will share some insider information about where Chandrababu Naidu is coming from, what the strategy behind this is, and why all this chatter begins in South India, especially Hyderabad.
Hyderabad is currently the capital of Telangana and Andhra Pradesh, even though Amaravati is being made the new capital by Chandrababu Naidu. But all these matters start in Hyderabad. It is said that technology’s Silicon City is Bengaluru, and Hyderabad has its own Cyber City. Today, I will explain the dynamics between this Cyber City and Silicon City.
If there is something good, we should accept it. But if something threatens your sovereignty and puts your sovereignty at risk, we must understand it and stay alert. Why does everything start from Hyderabad and Bengaluru? The reason is, friends, that all the multinationals — whether in healthcare, finance, or technology — reach Bengaluru and Hyderabad. They easily influence local politicians, winning them over and bringing them under their control. Chandrababu Naidu has done this, and those who replaced him did the same.
When Andhra Pradesh was united, and Telangana was formed, KCR and his son KTR also followed the same path. KCR and KTR became stooges for international multinational companies, just like Chandrababu Naidu did. I am not saying Chandrababu Naidu did something very wrong, but what have we done to increase India’s self-reliance? Absolutely nothing.
That is why I say, be it TCS, Wipro, or Infosys, they have not treated Indian engineers well. These companies have become merely outsourcing firms for multinationals. They have turned our engineers into operators. Today, India has its own operating system — the India Operating System — recently relaunched by the Prime Minister. It was first created in 2006, but Microsoft’s agents prevented it from becoming part of the Indian government’s governance.
Having your own operating system means you control the computing systems across computers, mobiles, electricity, aircraft infrastructure, healthcare — all of it. But we are dependent on others. We have worked for Microsoft, and Bill Gates has been building India as a huge market for a long time. Microsoft turned us into their market.
Now Bill Gates has targeted healthcare. All healthcare operations are handled in Hyderabad. Chandrababu Naidu and KCR act as their frontmen, giving them space. This is where all the talk about technological innovations starts, and where the next phase — digitization, digital mode of payment, launching digital currency — comes from.
Why? Because Bitcoin or cryptocurrencies in the international market have become a headache for governments worldwide. Governments feel that finance is their biggest sector to control their populations, but cryptocurrencies have no geographical boundaries. Nobody knows who owns cryptocurrencies, or where they operate. Hence, it is said that cryptocurrency is one of the greatest innovations of the 21st century.
Cryptocurrency is reducing the importance of governments globally because you are no longer dependent on government finance or government money. You have an alternate currency and can begin transactions with it. Money functions as a medium of exchange. If you start using a different currency instead of rupees, notes, or dollars, the use of traditional currency will decline and the alternative currency will gain strength.
Cryptocurrency has rapidly gained momentum, and that is why it is considered a huge innovation. Nobody knows who owns Bitcoin, or where the company operates — no one knows; it just runs. But this is precisely why governments say that if you invest in Bitcoin, and if your money is lost, the government will not be responsible. This creates an atmosphere of fear for those wanting to buy or invest in Bitcoin. They don’t know where the office is, whom to contact, or how to proceed.
So by instilling this fear, governments maintain their currency’s dominance. This is a big headache for governments worldwide, not just India. It is a huge problem for federal reserves globally. If people find an alternate currency for transactions, how will they pay attention to our currency?
That is why the significance of governance and government control has been declining. Now, all those afraid of cryptocurrencies like Bitcoin are thinking of digitizing their currency notes and removing cash as soon as possible.
Behind this whole digitization game is the same person who took charge during COVID to push digitization. He wants to tell India’s political community that if you adopt digital modes of payment, there will be a record. With that record, no one can manipulate anything.
But what he doesn’t say is that this record will be with them, at their discretion. How will the common people know what has happened to them? Friends, in the past five years, digital fraud and cybercrime have increased manifold. Millions and billions of dollars and rupees are being lost through digital and cyber fraud.
The system is not yet mature; there is no guarantee of safety. You must have heard stories of crores of rupees disappearing from bank accounts, your Aadhaar card getting lost, your email hacked, and your bank account hacked. Such news is common.
You may have paid for a product that never arrived. When you try to follow up, you can’t reach the seller. That means you have nothing left. You transfer a number; no physical item or money moves, just a number transfer. You gave money, and someone else received it, but if the receiver denies getting it, and you transferred it already — India has not yet built a foolproof system to handle this. It will take time.
Is Chandrababu Naidu a great philosopher? He believes that if we intervene with technology in the mode of payment, corruption will be reduced. But there are far more corrupt experts sitting right here. In Jharkhand, there is a place called Jamtara, famous for cybercrime. A movie was even made on Jamtara. Our friend is a cyber expert…
Digital fraud and cybercrime have increased thousands of times over the years. Millions and billions of dollars and rupees are being lost through digital and cyber fraud. Currently, the system is not fully mature, and there is no guarantee of its security.
You must have heard stories about crores of rupees disappearing from banks, lakhs vanishing, accounts getting wiped out, Aadhaar cards being lost, emails getting hacked, and bank accounts being compromised. Such news is common. You make a payment for a product that never arrives, and when you try to follow up, you can’t reach the seller. Essentially, you end up with nothing.
When you transfer money, it’s not a physical object that moves—only numbers transfer. You give the money, and someone else receives it, but if the money is never actually received and you’ve already transferred it, there is no fully foolproof system in India yet. It will take time.
Chandrababu Naidu is a great thinker and believes that if we bring technological intervention in payment methods, corruption will be reduced. But there are even more corrupt experts out there. For example, there is a place in Jharkhand called Jamtara, which even inspired a movie. A cyber expert friend of mine said that from Jamtara, you can hack into an American bank while sitting there.
Your mobile phone or computer can be hacked from anywhere. Currently, computer literacy and cyber literacy in India hover around 15-20%. Increasing cyber literacy is the government’s foremost priority, and work is underway. But the idea coming from Chandrababu Naidu is not his own; behind him is a group called the World Economic Forum. Their plan is to eliminate cash globally and push people toward digital facilities, claiming it will be easier and reduce corruption.
For example, when demonetization happened in India, the official version was that there was black money running into lakhs of crores in the market, and it needed to be flushed out. What actually happened was the opposite. More black money than estimated returned to the banking system, and whatever black money existed was converted into white money. The argument that demonetization would eradicate black money completely failed.
It was also said that demonetization was done to stop the use of fake currency, especially by terrorist organizations operating on a large scale. The government claimed it had broken the back of terrorism funding. I am not doubting the government’s intentions; they must have had reasons. But it failed because the government came under pressure from mafias.
My point is not to oppose digitization; we support it. But at the same time, keep a reasonable amount of cash in the Indian economy. This is inevitable. Don’t eliminate cash entirely, or else you will become dependent on technology, which ordinary consumers do not control. Consumers are already victims of cybercrime and digital fraud, losing money without any recourse.
Imagine you are at an airport, and your account gets frozen, or you are in a hospital and your account is frozen with no mode of payment available. What will happen? Treatment won’t start until payment is made. If cash remains, transactions can still occur. Our barter system used to work well; some old methods are still valuable.
Technology is wonderful. We are using technology to connect with you right now; otherwise, satellite channels wouldn’t even allow this. We are not against technology, but we must stay alert to its misuse and harmful effects. That’s why we need an alternative system.
The World Economic Forum’s agenda is to impose one world order and power, undermining your sovereignty and making you dependent on Europe. Yes, India has its own operating system and GPS, but how many people actually use India’s GPS? Everyone uses Google. This is not to say Google is bad—use it if you want—but China does not have Facebook, WhatsApp, or Instagram, and Russia has banned them as well.
Our demand is to develop our technology and engineering so that our people have rightful control over it. Today, if fraud occurs, the Indian government is helpless and writes to multinational companies to sort it out. Whether they want to resolve it or not is up to them. Your sovereignty rests with other companies, not with you or even the government.
Even in cities like Noida, Mumbai, and Delhi, police forces lack the manpower to handle cybercrime. If cybercrime happens against you—your bank money disappears, your mobile or account is hacked—and you file a complaint, see if you get your money back. Most problems remain unresolved.
Chandrababu Naidu seems unaware of this. He is lost in dreams, believing Bill Gates has given him a magic solution. We are not against technology; we urge you to restore your own systems. If not, digitization will continue as per their agenda.
First, we said demonetization would eliminate black money—it didn’t. It was said it would stop funding for terrorist organizations—it didn’t. If you can’t stop those, what guarantee do you have that removing the ₹500 note will stop corruption? Corruption is a matter of intention, conduct, and mindset.
Work first on people’s mindset, behavior, and education. Educate the population. In Andhra Pradesh, Bill Gates exerted pressure on tribal girls without their consent in 2009-10, causing many deaths, which a parliamentary committee reported on. What are you doing about that? Look into it.
I appeal to the Indian government: do not spread the misconception that increased use of new technology will end corruption. Do not completely remove cash from the economy, or you will cripple this country. Use technology more and more, but keep cash alive in the economy.
Look at 2008, when there was a global economic slowdown. India’s economy was not affected because our rural and agrarian economy was strong. Small traders kept transacting among themselves, sustaining their livelihoods. Our economy was resilient.
To those pushing technology, I say this: your fraud stems from ignorance. I will discuss this further in another show.
An American historian who wrote The Story of Civilization and The Story of Culture made a case for India, saying India was the golden bird. Imagine why the British, French, and Dutch came here if there was nothing. Will Durant a famous historian, mentioned India’s immense wealth and how invaders plundered it. England took away $45 trillion after 200 years of rule. We should claim back that 45 trillion dollars, our property returned. Instead of doing this, we are following their agenda. But don’t misunderstand me—I am not against technology or digital modes of payment. Absolutely, digital payment should happen, but you must have an alternative system available. Don’t push it out of the market. And don’t harbor the misconception that digitalization will stop corruption. Cybercrime is rampant; digital crime is rampant. There are sharks bigger than you who will clean you out.
Corruption is not happening because of cash; it’s due to bad intent. You are corrupt, unethical, and cash alone cannot stop unethical practices. Cash has its limits. No system is a panacea; every alternative has its drawbacks. For example, when Bitcoin came, many cryptocurrencies emerged and all are active in the market. So, one form of piracy or another exists. There is a parallel economy worldwide, so whom will you stop? You can’t stop counterfeit notes or cybercrime. Therefore, some level of theft—say one or two percent—will always remain. But if you want to stop something, stop cash from being caught at the justice level. If you do that, you are actually giving justice more comfort by saying, “Go ahead, do it digitally, no one will get caught.” You are giving tools to fraudsters and gangsters to pay digitally. Both parties agree, so why not give bribes online? What’s the problem? It can be documented as, “We gave you something like this or that.” Break it up—some to you, some to your son, some to others—and it will be done.
Political parties—our honorable Arun Jaitley said an individual cannot donate more than ₹2,000 to a political party. If someone wants to give ₹10,000, they just stand 20 people in line, each gives ₹2,000, and the money reaches the party as if it’s from 20 people. Such practices are ongoing. If intentions were pure, our current government would not have passed an ordinance exempting political parties from auditing foreign funding received since 1976 on a retrospective basis. This ordinance was passed with the Congress party’s cooperation; Congress and BJP are alike in this matter. Don’t expect from the Cubeiv Network that I will support something wrong just because Modi Ji is doing it. That cannot happen. I support many things Modi Ji is doing, but the retrospective exemption from auditing foreign funding to political parties since 1976 was not introduced by Congress alone; it was brought by Modi Ji’s government with Congress’s cooperation. The common people don’t care, but the truth remains.
If an NGO gets foreign funding, they are caught and accused of having an agenda to break the country. But if political parties get foreign funding, they are allowed without audits. This clearly shows political parties are set up to break the country because auditing has been banned. No one can audit them—not even the Comptroller and Auditor General. And this has been going on since 1976, with Congress becoming an apprentice and walking hand in hand with this issue, saying, “Protect us from theft, since from 1976 till now, we have been the main recipients of money because we have been in power.” Congress has become a friend of BJP on this issue, agreeing that no foreign funding to any political party will be audited. This is the question of intent, as raised by Chandrababu Naidu Ji. That’s why I say don’t expect Qvive Network to ignore issues where intent is faulty. Qvive Network will raise those issues strongly against anyone and will not be silenced.
Now, regarding the recent propaganda on social media that ₹500 notes will reduce corruption, some people have started spreading this story. Will corruption stop if ₹500 notes are removed? Technology should be supported, but then why exempt political parties from auditing foreign funding? No answer, no transparency. You want to control corruption through digitization, but digitization will only empower the mafia of the World Economic Forum and the British monarchy. This is the British monarchy’s brokerage going on. The problem is that many so-called informed people don’t know what’s happening behind the curtain. They don’t know who runs our country’s Reserve Bank—it’s not our government but the Bank of International Settlements, controlled by England’s Federal Bank. This whole game must be understood. The international lobby wants to control our sovereignty, especially the financial sectors, using backdoor technology for that purpose.
Yes, our operating system should be ours, everything should be trackable by us. If we can track those beyond the seas who have no system, then do so. But still, do not make the public cashless. Whether ₹500, ₹200, or ₹100 notes, do not force cashlessness. When ₹2,000 notes were withdrawn in 2016, was there any wisdom? Then they introduced new ₹2,000 notes. It became clear that even more black money was circulating. Who uses black money most? Ambulances are filled with cash during elections. Earlier, people didn’t realize this, but now you are raising the issue: to stop political corruption, cash must be controlled. Technology will help you further.
Prime Minister Atal Bihari Vajpayee mentioned in Parliament many years ago that simply changing the mode of payment won’t work to stop money’s dominance in politics. Indian politics will be devastated, ruined, and destroyed. And who is doing it? All of you together. You all sit and say, “Let’s decide that no one will spend more than this amount on an election.” But why does it go into crores or 90 lakhs? The point is not to spend so much. Walk on foot, decide not to spend. The government in power runs campaigns worth thousands of crores through government funds. When the Prime Minister visits, a procession happens with flower showers; where does this money come from? Who gives it? When a Chief Minister visits a region, the whole area is decorated overnight. Who talks about this? And you say corruption will end by digitization? Small corruption is not the problem; the biggest issue is the bad intent of our politicians. Our country’s politicians are the most corrupt. If their intent was pure, none of this would be necessary. Digitization is good for convenience, but if the intent was pure, the currency would suffice.
Now, if you want to transfer money to a friend quickly, technology is very useful. Use technology’s benefits as much as possible, but don’t remove cash entirely because then you will have no alternative solution and will become dependent. Then misuse will start, and what seems useful now will appear useless later. You will regret and say you went to be clever but returned foolish. Don’t do that. Never think Cubeiv Network opposes digitization or digital payments. Absolutely not. Cubeiv Network says to use digitization as much as possible but never withdraw even a single rupee of cash from the economy. Let it remain because it has its own utility. It protects your sovereignty and confidence. If you abandon it and become dependent, your confidence may falter. Preserve it.
Now, if parents grow old and are no longer useful, you might say, “There’s no use for them anymore,” and discard them. But the utility of something everlasting remains as long as it is physically capable or even when physically incapable. Similarly, some systems have timeless utility.
How did money transfer happen in the past? How did goods get exchanged for other goods? Slowly, this was replaced by currency. Now, this entire agenda is an American agenda—the paper currency agenda is the dollar’s agenda. Now, they have brought us to plastic money, and from plastic money, to digital money.
Gradually, everything will slip out of your hands. In China, they are asking for a credit score, a social credit score. If your behavior is not good or you speak against the government, your payments will stop. What will you do then?
Right now, you might speak against the government, but if you have ten or one rupee in your pocket, you can still go out for tea. But if you speak against the government, the first attack will be: your financial behavior will be blocked, your bank account will be seized, and you won’t be able to withdraw any money.
If you say even a single word against the government or administration, your bank account will be frozen. What will you do then? This is a larger design by the World Economic Forum to control the population, curb democracy, to distort democratic values, and mold it as they wish.
We need to be alert about this. But this does not mean we should not use technology. Use technology extensively, but stay alert so that our democracy, sovereignty, and freedom are not attacked. We must remain vigilant.
So, if there is any talk anywhere about bringing back the 500-rupee notes, all of you stand alert. Stay vigilant. Send a message to Chandrababu Naidu—he has been seen, and so have the leaders of Andhra Pradesh, and the 500-crore bungalow. You have seen the bungalow of VSR’s son by the sea.
First, fix the corrupt politicians of South India. Then the system will be fine. You all should become upright. On these two issues—digitization and the return of cash—you must stay alert. I will keep alerting you again and again.
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