Coming Soon...The End of Paper Money
Paper money is dirty. It’s filled with germs and could be carrying Covid-19. It’s transferred all over the world so could spread disease from country to country. Also the only people who use cash anymore are drug dealers and the criminals involved in sex trade and human trafficking.
Conclusion; We need a cashless society! We need a system that requires a special mark, issued by the government, to access that system if we want to buy or sell anything.
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The end of paper money and its replacement with government-sponsored cryptocurrency will put unlimited power at the fingertips of government leaders. Not only does cryptocurrency offer a way to permanently record every financial transaction, but it will also be able to track where you go and what you do. It will track the websites you visit and make note of who your friends are. While most of this information is already available through tracking of credit and debit cards, mobile phones, and social media profiles, a state-sponsored cryptocurrency will provide unfettered access to this information. It will create a closed, government-controlled economic system where you’ll be dependent on the government’s cryptocurrency to pay for all your needs.
If the government decides they don’t like you, they can turn off your access and freeze you out of the banking system. They’ll be able to decide what you can and can’t buy. They’ll be able to tell you where you can and can’t go. In essence, they’ll have complete control over your life. And while I’d like to think we can take measures to avoid it, the rise of government-sponsored cryptocurrency is inevitable.
Coming Soon… The End of Paper Money
The coronavirus will accelerate the adoption of state-sponsored cryptocurrencies and the elimination of paper currency. For instance, earlier we mentioned passage of the CARES Act and the weeks-long delay in processing stimulus payments. Advocates for a national cryptocurrency say the payment process could have been faster if every citizen had a “digital wallet” and the government could simply deposit the cryptocurrency with the push of a button. In the aftermath of the coronavirus, they’ll push for such a system.
Think most people will oppose it? Think again. Adoption of such a system will be quick and easy. The government will simply launch a campaign to “claim your digital wallet.” To incentivize people to do so, they’ll provide an initial deposit of $10,000 (or $20,000, $30,000, or whatever amount it takes to get people to take action). Once everyone is onboard, they’ll eliminate paper currency and other options for payment of goods and services. The result will be a government-sponsored cryptocurrency-only economic system. One the government controls from top to bottom.
https://www.raptureready.com/2020/05/21/cryptocurrency-and-the-coming-global-tyranny-by-britt-gillette/
posted by dennis at
9:09 AM
2 Comments:
Hi Dennis, Interesting point of view. My understanding of crypto currency comes from personal experience crypto mining and experimenting with various crypto payment systems. The word cryto currency is linked to blockchain that is distributed where there typically is no central control. I would note that Bitcoin mining leads to a great deal of transactional cost for equipment and power. Because of this many mainline banks like Wells Fargo Digital Cash and GP Morgan inter bank transfer solutions have been experimenting with central private blockchains that have central control that drive costs down. Ultimately I suspect digital money will take the form of a Apple Pay, Google Pay, PayPal, Venmo, Cash app. These all have a central control aspect that can be manipulated by a central bank authority. I observe that taking the Federal Reserve function out of the US monetary equation would be quite difficult. Closing thought is that Blockchain payment systems today are hindered by performance. Bitcoin takes many minutes to make a transaction for the block to be validated by the miners. I have a full bitcoin node with the entire history of every bitcoin transaction running on an old computer at home. This technology just does not scale to support the transactional volume needed for a payment system for the world. In the end crypto currency has a place in the mix of digital payment systems but to date struggles to become mainstream. Thanks for the share. Shalom Tom
Good observations Tom! It's all over my head, but I can clearly see that all of this talk of "Contact tracing" and "proof of vaccine" being required to enter any public venue has been 3 GIANT STEPS FORWARD for the antichrist system. As Pastor Greg Laurie just said this morning, "One thing for sure, the rapture is closer today than it has ever been in human history."
Amen!
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