Bring On The Cashless Future

Jesus clearly told us that there would be NO SIGNS that would preface the rapture.  But he told us there would be plenty of signs that would preface His 2nd Coming.

All these earthquakes, wars, rumors of wars, lawlessness, perversion, lover's of violence, worshiping false gods, Israel back in the promised land....these are just SOME of the signs that Jesus told us to watch for so that we would know the 2nd Coming is close.

We are sorry for all the posts we have done recently on the coming cashless society, but we just can't ignore all the headlines that keep coming up from so many diverse places.

This next one is from Bloomberg....so pretty darn mainstream!  And even they are telling their readers that a cashless society is in our future.

Cash had a pretty good run for 4,000 years or so. These days, though, notes and coins increasingly seem declasse: They're dirty and dangerous, unwieldy and expensive, antiquated and so very analog.

Sensing this dissatisfaction, entrepreneurs have introduced hundreds of digital currencies in the past few years, of which bitcoin is only the most famous. Now governments want in: The People's Bank of China says it intends to issue a digital currency of its own. Central banks in Ecuador, the Philippines, the U.K. and Canada are mulling similar ideas. At least one company has sprung up to help them along.

Much depends on the details, of course. But this is a welcome trend. In theory, digital legal tender could combine the inventiveness of private virtual currencies with the stability of a government mint.

Most obviously, such a system would make moving money easier. Properly designed, a digital fiat currency could move seamlessly across otherwise incompatible payment networks, making transactions faster and cheaper. It would be of particular use to the poor, who could pay bills or accept payments online without need of a bank account, or make remittances without getting gouged.

For governments and their taxpayers, potential advantages abound. Issuing digital currency would be cheaper than printing bills and minting coins. It could improve statistical indicators, such as inflation and gross domestic product. Traceable transactions could help inhibit terrorist financing, money laundering, fraud, tax evasion and corruption.

The most far-reaching effect might be on monetary policy. For much of the past decade, central banks in the rich world have been hampered by what economists call the zero lower bound, or the inability to impose significantly negative interest rates. Persistent low demand and high unemployment may sometimes require interest rates to be pushed below zero -- but why keep money in a deposit whose value keeps shrinking when you can hold cash instead? With rates near zero, that conundrum has led policy makers to novel and unpredictable methods of stimulating the economy, such as large-scale bond-buying.

A digital legal tender could resolve this problem. Suppose the central bank charged the banks that deal with it a fee for accepting paper currency. In that way, it could set an exchange rate between electronic and paper money -- and by raising the fee, it would cause paper money to depreciate against the electronic standard. This would eliminate the incentive to hold cash rather than digital money, allowing the central bank to push the interest rate below zero and thereby boost consumption and investment. It would be a big step toward doing without cash altogether.

Digital legal tender isn't without risk. A policy that drives down the value of paper money would meet political resistance and -- to put it mildly -- would require some explaining. It could hold back private innovation in digital currencies. Security will be an abiding concern. Non-cash payments also tend to exacerbate the human propensity to overspend. And you don't have to be paranoid to worry about Big Brother tracking your financial life.

Governments must be alert to these problems -- because the key to getting people to adopt such a system is trust. A rule that a person's transaction history could be accessed only with a court order, for instance, might alleviate privacy concerns. Harmonizing international regulations could encourage companies to keep experimenting. And an effective campaign to explain the new tender would be indispensable.

If policy makers are wise and attend to all that, they just might convince the public of a surprising truth about cash: They're better off without it.

Here;  http://www.bloombergview.com/articles/2016-01-31/bring-on-the-cashless-future

Ummmm....ya think??  Policy makers might convince the public??

The Bible says that one day the world WILL HAVE AN ELECTRONIC CURRENCY SYSTEM in place so that anyone who wants to use it will need to have a mark on their body to access the system.

Of course the BLESSED HOPE of followers of Christ is that we won't be here to witness this event.

Why?

Because we will be gone before the Antichrist is revealed...and the Antichrist is the man who orders that humans take the mark.

"When you see all these things beginning to happen, look up!  Because your redemption is near!"

Please remember friends that WE ARE THE VERY FIRST GENERATION since Christ ascended that have the technology available for this 2000 year old prophecy to be fulfilled.

Exciting times!!!