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Are You Living the Biggest Scam Called Money? Demonetization and After Paperback – Import, 4 May 2018

by Sachin Mittal (Author)

7 ratings

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In the current day and age, currency is considered as money that forms the basis of all our transactions. But what happens when we realize that these pieces of paper are nothing but deception? What if, one day, out of nowhere, we are told that these currency notes are as good as paper? As scary as it sounds, this scenario is not very far from the truth. On 8th November 2016, the citizens of India were faced with a similar predicament. It was the day when the government of India declared 86% of the currency worthless unless exchanged for new currency notes. An expert on financial matters, Sachin Mittal takes us through the seemingly complex matters on a variety of topics that explain one of the most basic questions of our existence: What is Money? Through a deft use of examples, Mittal draws a timeline of the various forms of money used for transactions since the existence of civilization till date. Finally, he delves on the origin of money as we know it, the paper currency. The author does not wish to pass a judgement on the factors that led to demonetization, rather raises serious concerns regarding the validity of paper currency as a widely accepted form of money. Moreover, through nuanced argument and examples, he demystifies the concept of money and reinstates the faith in gold as a more reliable form of money.

Print length

134 pages
Language

English
Publisher

Zorba Books
Publication date

4 May 2018
Dimensions

15.24 x 0.91 x 22.86 cm
ISBN-10

9386407310
ISBN-13

978-9386407313
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Product details

Publisher ‏ : ‎ Zorba Books; 1st edition (4 May 2018)
Language ‏ : ‎ English
Paperback ‏ : ‎ 134 pages
ISBN-10 ‏ : ‎ 9386407310
ISBN-13 ‏ : ‎ 978-9386407313
Item Weight ‏ : ‎ 249 g
Dimensions ‏ : ‎ 15.24 x 0.91 x 22.86 cm
Country of Origin ‏ : ‎ India

Best Sellers Rank: #672,314 in Books (See Top 100 in Books)
- #1,495 in Economic History (Books)
- #45,397 in Analysis & Strategy

Customer Reviews:
7 ratings

Customer reviews

4.8 out of 5

7 global ratings

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4 star		19%
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Top reviews from India

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Rashmi

Truth about demonetisation

Reviewed in India 🇮🇳 on 29 March 2020

Verified Purchase

This book tells the truth and nothing else. It made me realize that I must take care of myself financially ant I can't trust the govt for it.

One person found this helpful

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Sidhanshu bajaj

DEMONETIZATON AND AFTER

Reviewed in India 🇮🇳 on 1 July 2018

Verified Purchase

Narrrated in a very interesting way about the current money reality. Sachin Mittal is a very good writer and I enjoy reading his book.

One person found this helpful

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Amazon Customer

How safe is our currency?

Reviewed in India 🇮🇳 on 7 May 2018

The book throws a rare insight into the nature of money and the manner in which it has been used as an instrument of negotiation by various powers.

It is an eye-operer account of what transpired during and after Rs 1000 and Rs 500 currency notes were demonetized by the Indian Government and the handling of the situation by various bodies.

An excellent read.

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Navneet Singh Formay

What an amazing read!!!

Reviewed in India 🇮🇳 on 7 May 2018

A complete ground reality ...the current system should really learn from this book as to what s happening for a normal businesses. HIGHLY RECOMMENDED

One person found this helpful

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Ishaan gupta

Simply AMAZING !!!

Reviewed in India 🇮🇳 on 7 May 2018

Amazing book !! A true eye opener !!
Kudos to the author !!
Would love to meet him once and discuss new things related to money !!!

Reviewed in India 🇮🇳 on 12 May 2018

An eye opener to the world post demonetisation.

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Vishnu Chevli

4 simple reasons why you should pick this book up!

Reviewed in India 🇮🇳 on 21 June 2018

Sachin Mittal's expression on the cover page and the title ‘Are You Living the Biggest Scam Called Money? Demonetization and After’ lends a tone of the seriousness of the matter under discussion in the book. And it’s only befitting because we are talking about money!

The first one-third of the book contains a discussion about demonetization. It covers what happened during and after demonetization and how it troubled the common people.

The next section covers the history of the Indian currency—starting with the Barter System to use of gold coins to IOU notes to gold-backed notes to fiat currency. The author has covered them very comprehensively and concisely.

The final section covers how our government and the central bank handles money, and in the process, inflate our money.

If you are a BJP or Modi-supporter, you may leave this book or criticize it after reading the first section. However, my suggestion is: Be patient and continue reading the next section. If you are not the patient type, then you may skip this book. Though I support demonetization personally, I haven't put this book aside, I continued with it and finished it. Because I knew the book had the capability to deliver good content and sound arguments in the coming chapters.

4 simple reasons why you should pick this book up!
1) Layman's terminology—If you cannot understand the complex terms used by RBI or the government, don't worry. The author has used none! I think even an 8th grader can understand the complex financial issues due to the way the author has described how the flow of money works.
2) Light in content & deep in context—the book is just 125-140 pages long with explanatory artwork and good text spacing. You can virtually finish it in 2-3 hours in one sitting! But the context is deep enough to make you aware of the banking system.
3) Explanatory Artwork & Easy Examples—As I mentioned, complex things are explained with the help of explanatory cartoons and the simplest of examples.
4) Useful Guide for Money-related Decisions: Lends basic information and awareness about money and currency so the reader can take proper decisions regarding their personal money matters!

The only improvement that I suggest to the author would be the pricing. I know the glossy colour page costs a lot, but an MRP of Rs. 899 will be difficult to drive good sales! Especially when you are trying to set footing in the market. Otherwise, it’s a great learning experiment!

One person found this helpful

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Are You Living the Biggest Scam Called Money? Demonetization and After Paperback – Import, 4 May 2018

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