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

Saturday, August 29, 2015

Financial Times Calls For Abolishing Cash

Prophecy Sign:  The New Economic World Order of the Antichrist - Cashless Society

Get rid of cash and you hand power over the global economy to the governments and the central banks.  A digital based economic system would force people to accept whatever new form of commerce the government mandates in order to have the ability to buy and sell in the new paradigm.

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

Financial Times Calls For Abolishing Cash
The Financial Times has published an anonymous article which calls for the abolition of cash in order to give central banks and governments more power. Entitled The case for retiring another ‘barbarous relic’, the article laments the fact that people are stockpiling cash in anticipation of another economic collapse, a factor which is causing, “a lot of distortion to the economic system.” “The existence of cash — a bearer instrument with a zero interest rate — limits central banks’ ability to stimulate a depressed economy. The worry is that people will change their deposits for cash if a central bank moves rates into negative territory,” states the article. Complaining that cash cannot be tracked and traced, the writer argues that its abolition would, “make life easier for a government set on squeezing the informal economy out of existence.” Abolishing cash would also give governments more power to lift taxes directly from people’s bank accounts, the author argues, noting how “Value added tax, for example, could be automatically levied — and reimbursed — in real time on transactions between liable bank accounts.”
http://www.prisonplanet.com/financial-times-calls-for-abolishing-cash.html

Denmark moves closer to a cashless society
Denmark has moved one step closer to becoming the world's first cashless society, as the government proposes scrapping the obligation for retailers to accept cash as payment. The Danish government has said that as of next year, business such as clothing retailers, restaurants and petrol stations should no longer be legally bound to accept cash payments.


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