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This video is sponsored by Brilliant. The first 200 to use the link in the description get 20% off the annual subscription. On November 8th, 2016 at 8:15 PM, TVs across India flickered in unison. Dramas, cricket matches, and game shows were all replaced with the face of Prime Minister Modi. In this unscheduled, surprise address, he announced the 500 and 1,000 rupee banknotes - worth about 7 and 14 US Dollars, respectively - would soon lose their status as legal tender. Without any monetary value, they would become nothing but pieces of paper, useless for any and all transactions. Soon meant in 3 hours and 45 minutes - effective immediately at midnight. And those 500 and 1,000 rupee bills constituted no less than 86% of all cash in circulation. It was as if the U.S. president suddenly announced all 10, and $20 bills were worthless, only with a population 4 times bigger and far more reliant on cash. The next few months were the result of a fascinating, unintended experiment, as 1.3 bil