The Antichrist’s Cashless Utopia: War on Cash in 2016
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.
Without the circulation and use of paper currency, centralized banking strategies such as Quantitative Easting (QE) though already being predominately aggregated through computers, would have no physical constraints. The power of a government to tax and confiscate would also be greatly enhanced, with the legal minimum of a court order standing between the state and an individuals ability to earn a living.
Lastly cash has long been a deterrent to the enforcement of global standardized negative interest rates, a problem coined by the International Monetary Fund (IMF) as “zero lower bound.” In the 2015 IMF Working Paper:
“Breaking Through The Zero Lower Bound“, central bank officials Ruchir Agarwal and Miles Kimball argued that the circulation of physical cash during economic turmoil severely limits the control and power of central banks during crisis’s. They also noted that the elimination of cash would not likely come through a radical outlawing of physical tender, but through incentivizing digital alternatives.
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.
James Corbett of The Corbett Report recently began an open source investigation, compiling a country by country guide of the war on cash.
Read More
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.
Without the circulation and use of paper currency, centralized banking strategies such as Quantitative Easting (QE) though already being predominately aggregated through computers, would have no physical constraints. The power of a government to tax and confiscate would also be greatly enhanced, with the legal minimum of a court order standing between the state and an individuals ability to earn a living.
Lastly cash has long been a deterrent to the enforcement of global standardized negative interest rates, a problem coined by the International Monetary Fund (IMF) as “zero lower bound.” In the 2015 IMF Working Paper:
“Breaking Through The Zero Lower Bound“, central bank officials Ruchir Agarwal and Miles Kimball argued that the circulation of physical cash during economic turmoil severely limits the control and power of central banks during crisis’s. They also noted that the elimination of cash would not likely come through a radical outlawing of physical tender, but through incentivizing digital alternatives.
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.
James Corbett of The Corbett Report recently began an open source investigation, compiling a country by country guide of the war on cash.
Read More
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