(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
Whether the source is a natural phenomenon, a terrorist attack or somehow an honest accident, it’s said 90% of the American population would perish from an EMP. When the power goes off nation-wide, food in grocery stores will spoil, hospital generators will only back everything up for so long and critical medicines will not be able to be produced. This doesn’t include those who pass away in the shock of it all or those killed during civil unrest while fighting over necessities. It would also take years to repair the damage as this would continue going on. It’s also said that America’s lights can be completely turned off from 9 critical substations alone (See also HERE).
In the past here at Peak Prosperity, we’ve written extensively on the threat posed by a sustained loss of electrical grid power. More specifically, we’ve warned that the most damaging threat to our grid would come from either a manmade or natural electromagnetic pulse (EMP).
A good friend of mine, Jen Bawden, is currently sitting on a committee of notable political, security and defense experts — which includes past and present members of Congress, ambassadors, CIA directors, and others — who are equally concerned about this same threat and have recently sent a letter to Obama pleading for action to protect the US grid. Continue reading
Update (3:26 PM ET): Portugal’s governing coalition today saw its second major loss in two days, as Paulo Portas, the foreign minister and leader of the Democratic and Social Center-People’s Party (CDS-PP), tendered his resignation.
Meanwhile, EU authorities have given Greece three days to deliver on promises it’s made to the troika—the group composed of the International Monetary Fund (IMF), the European Central Bank, and representatives of European countries, which is monitoring the euro debt crisis.
Clearly, Greece and Portugal are fighting to be the most scary country in the euro this week. Continue reading