Monday, December 12, 2016

Venezuela Pulls Highest Value Bank Notes From Circulation

Last week we blogged about India pulling it's larger bank notes out of circulation.  Today we read about Venezuela doing something similar.

Of course there could and will be different reasons for nations making this move....but remember that it is ALL moving the world closer and closer to a CASHLESS SOCIETY.

The Venezuelan government has announced it will remove the country's highest-denomination banknote from circulation within 72 hours to combat contraband.

Central bank data suggests there are more than six billion 100-bolivar notes in circulation, making up almost half of all currency.

Venezuelans will have 10 days from Wednesday to exchange the notes for coins and new, higher-value bills.

President Nicolas Maduro said the move would stop gangs hoarding the notes.

But in India, a similar move to scrap high-value bank notes last month has caused major disruption.

In a surprise announcement, Mr Maduro said on Sunday that the 100-bolivar note, worth about 2 US cents (£0.015) on the black market, would be taken out of circulation on Wednesday.

The president said the aim was to tackle transnational gangs which hoard the Venezuelan notes abroad, a move he has in the past described as part of the "economic war" being waged against his government.

He said the gangs held more than 300bn bolivares worth of currency, most of it in 100-bolivar notes.

President Maduro said there were "entire warehouses full of 100-bolivar notes in the [Colombian cities of] Cucuta, Cartagena, Maicao and Buaramanga".

One day the entire population on planet earth will be required to have some sort of mark on their arm or forehead in order to buy or sell anything. 

Revelation 13
15 The second beast was given power to give breath to the image of the first beast, so that the image could speak and cause all who refused to worship the image to be killed. 16 It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, 17 so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name.

Our blessed hope is that we will be kept from this awful time because Jesus came a few years earlier and called to His bride OUT OF this fallen world.

Even a few decades ago, it would have been impossible to read this passage from Revelation and have any idea how it could literally come true.  Today, with our explosive technology, a global-cashless-society is not only POSSIBLE....its' very PROBABLE.


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