Based upon actions taken during Modi's first term, Modi is expected to take following actions during his second term:
- Keep inflation under control. Real estate will not be a good investment.
- Move towards cashless society. Cash withdrawals will be taxed or made cumbersome. Cash transactions will be viewed with suspicion.
- Make gold/silver buying/selling more difficult. Encourage people to give up their gold for loans/bonds.
- Put Hinduism and Nationalism in school syllabus and degrade them further.
- Criticizing government will be looked up as anti-national and pro-Pakistan. Freedom of speech for individuals and press will be curbed.
- Modi and Amit Shah will effectively rule India. The voice of all others (including BJP MLAs) will be stifled
During Modi's first term (2014 to 2019), Modi demonetized ₹1,000 and ₹500 currency notes. During Modi's second term (2019 to 2024), Modi can do following dramatic steps:
- Ban ₹2,000 note overnight. This time there will be no exchange. All ₹2,000 will be declared scrap.
- Confiscate gold in bank lockers.
- Confiscate bank deposits above a certain limit e.g. ₹10 lakhs.
- Devalue the Indian rupee.
To protect themselves from Modi's above disastrous steps, people can:
- Reduce ₹2,000 currency note at hand.
- Move gold from bank locker to private locker.
- Reduce the amount saved in bank deposits.
- Protect themselves from devaluation by purchasing physical assets.
