We are living in exciting times. The Signposts point to Jesus soon return.

Tuesday, May 27, 2014

Government Plan Would Transform Israel Into The World’s First Cashless Society

Prophecy Sign:  The coming Cashless society

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
Will Israel 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.

Israel Eyes Becoming a Cashless Society

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 Israel. 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.

Will Israel be the World's First 'No Cash' Society?

America 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.

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