The cashless society is a necessary step in preparation for the mark of the beast.
The mark of the beast, btw, is a concept based on a couple of short passages from The Revelation (end of chapter 13 and start of chapter 14), which say that there will eventually be a one world government just before Jesus returns, and the spiritual leader of that government will cause people everywhere to get a mark put in their right hand or in their forehead, without which they will not be able to buy or sell.
What we have used for centuries for buying and selling is cash (or checks). We have also progressed to credit cards.
So all of these would need to be replaced with the mark, in order for the prophecy to come true.
Is cashless society in World a bad step?
Cashless Means Automatic
If money is easy to spend, it is also easy to take. Convenience can easily become tyranny. Automatic payments that come directly from your bank account illustrate the point.
Below Is First 9 Major Risks of a Cashless Society:
1. Risk of Confiscation
The convenience of digital money that allows you to spend your money more easily, also makes it easier for banks, governments and thieves to take it.The message to depositors is clear- when you put money in a bank you are a creditor of the bank and if it goes bust you are at the bottom of the list of creditors. Your money** will be seized as part of any approved plan, perhaps even before the broke bank files for bankruptcy.
Your bank account can be raided by government authorities, like the Internal Revenue Service (IRS) without notice or reason given. If the IRS believes your bank account deposit and/or withdrawals activity is suspicious and/or may involve a pattern designed to avoid reporting requirements, they may seize your account.
Think your money is safe in the bank? Think again.
2. Risk of Theft
Digital cash a bit of Trap-it can be stolen.Think digital money is safer than cash and can’t be stolen?
3. Crime is Easier
Some actually believe that in a cashless society that crime will go down and drug dealers will go out of business. Think again.
In a cashless society, theft will occur on line and in far larger amounts than cash heists. An online thief never has to confront his victim, commit violence, crack a safe, get past an alarm system, dog or armed guards and carry away his loot. Rather, in a cashless society, the cyber thief merely has to hack the systems where the ‘money” is. The online heist involves no risk of death or threat to the thief’s personal safety and can be done from anywhere in the world.
4. Risk of System Failure
Without cash, the value of currency would have no independent value outside a functioning banking system to which you have access. Your money wouldn ‘work’ without a functioning banking system. If the banking system is down due to a power outage, solar flare, financial crisis, Internet failure, hack or network crash, your money is unavailable and potentially lost. If back up files are lost how do you prove you had $15,000 in your account?
5. Risk of Being Exiled From the System
Even if the digital banking system was 100% fool proof, you may end up being shut out of the system for wrong doing (actual or alleged), bad credit or failure to pay banking fees. Or you may be the victim of identity theft and as a “precaution” your account may be closed. Without access to the banking system, how will you pay your bills and buy items you need?
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The post 9 Major Risks of a Cashless Society appeared first on LewRockwell.
The post <a href=https://www.lewrockwell.com/2024/04/no_author/9-major-risks-of-a-cashless-society/ target=_blank >9 Major Risks of a Cashless Society</a> appeared first on Conservative Angle | Conservative Angle - Conservative News Clearing House
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The mark of the beast, btw, is a concept based on a couple of short passages from The Revelation (end of chapter 13 and start of chapter 14), which say that there will eventually be a one world government just before Jesus returns, and the spiritual leader of that government will cause people everywhere to get a mark put in their right hand or in their forehead, without which they will not be able to buy or sell.
What we have used for centuries for buying and selling is cash (or checks). We have also progressed to credit cards.
So all of these would need to be replaced with the mark, in order for the prophecy to come true.
Is cashless society in World a bad step?
Cashless Means Automatic
If money is easy to spend, it is also easy to take. Convenience can easily become tyranny. Automatic payments that come directly from your bank account illustrate the point.
Below Is First 9 Major Risks of a Cashless Society:
1. Risk of Confiscation
The convenience of digital money that allows you to spend your money more easily, also makes it easier for banks, governments and thieves to take it.The message to depositors is clear- when you put money in a bank you are a creditor of the bank and if it goes bust you are at the bottom of the list of creditors. Your money** will be seized as part of any approved plan, perhaps even before the broke bank files for bankruptcy.
Your bank account can be raided by government authorities, like the Internal Revenue Service (IRS) without notice or reason given. If the IRS believes your bank account deposit and/or withdrawals activity is suspicious and/or may involve a pattern designed to avoid reporting requirements, they may seize your account.
Think your money is safe in the bank? Think again.
2. Risk of Theft
Digital cash a bit of Trap-it can be stolen.Think digital money is safer than cash and can’t be stolen?
3. Crime is Easier
Some actually believe that in a cashless society that crime will go down and drug dealers will go out of business. Think again.
In a cashless society, theft will occur on line and in far larger amounts than cash heists. An online thief never has to confront his victim, commit violence, crack a safe, get past an alarm system, dog or armed guards and carry away his loot. Rather, in a cashless society, the cyber thief merely has to hack the systems where the ‘money” is. The online heist involves no risk of death or threat to the thief’s personal safety and can be done from anywhere in the world.
4. Risk of System Failure
Without cash, the value of currency would have no independent value outside a functioning banking system to which you have access. Your money wouldn ‘work’ without a functioning banking system. If the banking system is down due to a power outage, solar flare, financial crisis, Internet failure, hack or network crash, your money is unavailable and potentially lost. If back up files are lost how do you prove you had $15,000 in your account?
5. Risk of Being Exiled From the System
Even if the digital banking system was 100% fool proof, you may end up being shut out of the system for wrong doing (actual or alleged), bad credit or failure to pay banking fees. Or you may be the victim of identity theft and as a “precaution” your account may be closed. Without access to the banking system, how will you pay your bills and buy items you need?
Read the Whole Article
The post 9 Major Risks of a Cashless Society appeared first on LewRockwell.
The post <a href=https://www.lewrockwell.com/2024/04/no_author/9-major-risks-of-a-cashless-society/ target=_blank >9 Major Risks of a Cashless Society</a> appeared first on Conservative Angle | Conservative Angle - Conservative News Clearing House
Continue reading...