(TRUNEWS) The push for a cashless society has begun to gain steam around the globe, with nearly every major nation taking strides to adopt digital currencies, centrally governed cash controls and incentivize cashless transactions.
A Bloomberg Op-Ed published on January 31st called for the end of paper currencies, touting that “cash had a pretty good run for 4,000 years or so,” but was “dirty, dangerous, unwieldy and expensive, antiquated and so very analog.”
Now though each of these reasons all have some merit of truth behind them, such as paper currency serving as a vector for disease, incentivizing physical robberies, and complicating P2P long distance transactions, the existence of physical legal tender has an equal set of priceless characteristics.
In the Book of Revelation, God forewarned his people through the Apostle John, that during the Tribulation period the global system will be dictatorially ruled by a single political authority, known as the antichrist. In Chapter 13 verses 16-17 the antichrist’s control over the economy is described as absolute: “He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name.” Cashless technology and centralized restrictions of transactions fit this warning. Continue reading
Council on Foreign Relations compares Germany’s hardline stance with US policy towards Britain at the end of the Second World War
The eurozone debt crisis is deepening and threatens to re-erupt on a larger scale when the liquidity cycle turns, a leading panel of economists warned in a clash of views with German officials in Berlin.
“Debts above 130pc of GDP for Italy and 170pc for Greece are a recipe for disaster once we go into the next downturn,” said Professor Charles Wyplosz, from Geneva University.
“Today’s politicians believe the crisis is over and don’t want to hear any more about it, but they have not tackled the core issues of fiscal union and public debt,” he said, speaking at Euromoney’s annual Germany conference.