If you really think about it, a vast majority of us already conduct most of our daily business transactions without the use of cash. We use a debit card to buy our morning cup of coffee and donut, we use a credit card to make purchases at the local big box store, and then we pay all the monthly bills online by transferring money from our bank accounts to various creditors. Most people likely carry less than $20 in their wallet or purse at any given time. So the idea of a nation going complete cashless and conducting all daily transactions by digital means is no longer a radical proposal.
Thus it is clear to see how easy it will be for the future economic system of the Antichrist to be implemented, whereby nobody will be allowed to buy or sell without first taking the Antichrist's personal mark of identification.
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, 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. Revelation 13:16-17 NIV
Government Plan Would Transform Israel Into The World’s First Cashless Society
be the first cashless society on the entire planet? A committee chaired
by Israeli Prime Minister Benjamin Netanyahu’s chief of staff has come up with
a three phase plan to “all but do away with cash transactions in Israel”.
Individuals and businesses would still be permitted to conduct cash
transactions in small amounts (at least initially), but the eventual goal is to
force Israeli citizens to conduct as much business as possible using electronic
forms of payment. In fact, it has been reported that Israeli officials
believe that “cash is bad” because it fuels the underground economy and allows
people to avoid paying taxes. It is hoped that requiring most
transactions to be conducted in cash will reduce crime and help balance the
national budget. And once 98 or 99 percent of all transactions are
cashless, it will not be difficult for the Israeli government (or any other
government) to go the rest of the way and ban cash transactions
altogether. But is a cashless society actually desirable? This is a
question that people all over the world will have to start asking as
governments increasingly restrict the use of cash.
A special committee headed by Prime Minister Benjamin Netanyahu’s chief of staff, Harel Locker, has recommended a three-phase plan to all but do away with cash transactions in
The motivation for examining a cash-less economy is combatting money laundering
and other tax-evasion tactics, thereby maximizing potential tax collection and
greatly expanding the tax base. This is important considering the enormous
strain put on Israel’s
national budget by the army, healthcare system and other public services. The
committee estimated that the black market represents over 20 percent of Israel’s
GDP, and cash is the facilitating factor. Cash enables tax evasion, money
laundering and even financing terrorism.
be the World's First 'No Cash' Society?
Moving Toward a Cashless Society America
is moving slowly but surely toward a cashless society as businesses are coming
up with easier ways for people to pay electronically. The New York Times reports
that banks and retailers are trying to develop new payment systems using cell
phones, and they're working on ways to protect customers' personal information.
"If we move to a truly cashless society, it won't be much of an adjustment
for most Americans," Greg McBride, Bankrate's Chief Financial Analyst,
said. People are already getting used to paying without cash. Nearly one in 10
Americans already don't carry paper money with them daily.