In this article for Acting-Man, I continue my analysis of India’s demonetization and the destruction of money now unfolding across the country.

Two weeks after Modi’s currency ban, the situation is becoming more desperate. Cash has disappeared, commerce is breaking down, barter is emerging, and ordinary Indians are being humiliated in bank queues. As confidence in money and institutions collapses, gold remains one of the few forms of wealth people still understand and trust.

Read the archived article at Acting-Man via the Wayback Machine →