Tuesday, September 1, 2015

Cashless Society is Coming

The Bible tells us that one day EVERY MAN will need some type of mark on his right arm or his forehead in order to buy or sell anything.  For the past 2000 years since Jesus gave John The Revelation men have been reading that passage and claiming it must have some sort of spiritual meaning....because how could it EVER be that all the people of the world could be using the same currency that requires a mark??

Today we know it's not simply a spiritualized event that John saw....it's an actual event!  What's even more exciting is that we are the very first generation to possess the technology capable of fulfilling everything mentioned in Revelation.

Today we find an Op-Ed in the Financial Times which is proposing getting rid of all the cash on planet earth....because it's dirty, it's used for illicit activities and it robs the FED and other central banks of the ability to make negative interest rates if people are holding trillions in cash.  The article says that we need to give the FED even more power so that they can mitigate the next disaster or financial bubble.

The Financial Times has published an anonymous article which calls for the abolition of cash in order to give central banks and governments more power.

Entitled The case for retiring another ‘barbarous relic’, the article laments the fact that people are stockpiling cash in anticipation of another economic collapse, a factor which is causing, “a lot of distortion to the economic system.”

“The existence of cash — a bearer instrument with a zero interest rate — limits central banks’ ability to stimulate a depressed economy. The worry is that people will change their deposits for cash if a central bank moves rates into negative territory,” states the article.

Complaining that cash cannot be tracked and traced, the writer argues that its abolition would, “make life easier for a government set on squeezing the informal economy out of existence.”

Abolishing cash would also give governments more power to lift taxes directly from people’s bank accounts, the author argues, noting how “Value added tax, for example, could be automatically levied — and reimbursed — in real time on transactions between liable bank accounts.”

The writer also calls for punishing people who use cash by making users “pay for the privilege of anonymity” so they will, “remain affected by monetary policy.” Dated bank notes would lose their value over time, while people would also be charged by banks for swapping electronic reserves for physical cash and vice versa.

The article echoes an argument made by Kenneth Rogoff, former chief economist of the International Monetary Fund, who has called for high denomination banks notes such as the €100 and €500 notes to be phased out of existence.

As we previously reported, Rogoff attended a meeting in London earlier this year where he met representatives from the Federal Reserve, the ECB as well as participants from the Swiss and Danish central banks. The issue of banning cash was at the forefront of the agenda.

Last year, Rogoff also called for “abolishing physical currency” in order to stop “tax evasion and illegal activity” as well as preventing people from withdrawing money when interest rates are close to zero.

The agenda to ban cash was also discussed at this year’s secretive Bilderberg Group meeting, which was attended by the Financial Times’ chief economics commentator Martin Wolf.

Former Bank of England economist Jim Leaviss penned an article for the London Telegraph earlier this year in which he said a cashless society would only be achieved by “forcing everyone to spend only by electronic means from an account held at a government-run bank,” which would be, “monitored, or even directly controlled by the government.”

In the UK, banks are treating the withdrawal of cash in amounts as low as £5,000 as a suspicious activity, while in France, citizens will be banned from making cash payments over €1,000 euros from Tuesday onwards. The withdrawal and deposit of cash over the amount of €1,000 euros will also be subject to ID verification.

“There is no more egregious anti-liberty economic policy imaginable than banning cash,” writes Michael Krieger.

“Of course, if cash were involuntarily “ended,” there would be a surge in demand for physical gold and silver, which would then necessitate a ban on those items. Then the cycle of economic and financial tyranny would be complete, and crawling our way out of it, nearly impossible.”

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So if cash were "ended" there would be a huge demand for gold and silver...which would necessitate a ban on those items too!  Please remember that it was ILLEGAL for US citizens to own physical gold from about 1934 to 1974 by Executive Order 6102...and if it was illegal once it would be pretty easy to make it illegal again.

"But Dennis, they could never do that here in America....that would make people riot in the streets if the government one day made cash illegal!  This is America!"

Well, yes, that's true....maybe we would riot in the streets, just like they are doing in Venezuela as I type!  But if the government rolls out the military to stop all the rioting and just shove their cashless plan through as they declare martial law to try and keep the USA from disintegrating....then we have the entire stage set for the rest of Revelation to play out.

As Jan Markell is fond of saying, "World events are not spiraling out of control...they are actually falling into place."

We can rest assured that GOD IS IN CONTROL OF IT ALL....so fear not.


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