Wednesday, November 30, 2016

India Plans Cashless Society

It's coming folks!

For 2000 years people would read the Bible and get to the part in Revelation that says in the Last Days everyone who wants to buy or sell anything will need some type of mark (bar code?) and they couldn't imagine how that could EVER be possible!  So instead of believing what the Bible simply said....they would try to spiritualize the verse and say it must mean something else.

Now in the last few decades we have come up with the technology to make this reality...and today we are seeing in talked about in our headlines!

India's Prime Minister Plans for Cashless Society

Narendra Modi, Prime Minister of India, has an economic firestorm on his hands following his decision to ban the 500 and 1,000 rupee notes. In his monthly address on Sunday, Modi took his ambitions further with a call for a cashless society. 
According to a translation by Reuters, Modi said, “I want to tell my small merchant brothers and sisters, this is the chance for you to enter the digital world.”
The ban has removed 80 percent of the country’s currency from circulation and brought commerce to a virtual standstill. But rather than backing up, it appears that Modi is doubling down. “We can gradually move from a less-cash society to a cashless society,” he told listeners. 
The initial decision to ban the two notes is part of an effort to cripple a robust black market economy. Modi said that counterfeiting was rampant and claimed that the ban would aid in the fight against tax-avoidance, bribery and the funding of terrorism.
He admitted that “a 100 percent cashless society is not possible,” right now, but emphasized that he wants to set the wheels in motion.


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