The New American: As the establishment’s global push for an Orwellian “cashless society”kicks into high gear, the European Union is pursuing a plan to impose limits on cash transactions as the next phase in the war on cash.
The goal, according to the unelected EU bureaucrats behind the plot, is to fight “anonymity” in economic transactions — or, said another way, to crush privacy and give authorities the power to monitor every exchange.
At the national level, bankrupt and bloated governments across Europe are increasingly pursuing such measures as they frantically search for more cash to confiscate to keep themselves afloat…. [read more]
Opinion by BIBLE PROPHECY TRACKER: The EU has run out of other people’s money as Margaret Thatcher once said would happen. But Orwellian only begins to describe the situation.
Europe’s banks are propped up on Mario the dragon Draghi’s ability to print money to stimulate the near dead economy. Taking his cue from the US Quantitative Easing program of 2008 -14, the President of the European Central Bank has been creating fake money to buy back debt and keep Europe’s banks afloat.
Printed money is like counterfeit, it dilutes the money in existence. And yes, Virginia, that is why it is illegal for citizens.
The essence of the matter is that utopian governments now need money it can easily control, tax, and confiscate. And paper currency is getting in its way.
It begins with logical, common sense reasons for eliminating large bills:
- Banks can transfer digital currency quickly and safely
- Citizens can rest easy that their money cannot be stolen
- Financial institutions are more secure since there can never be a run on the banks
- Governments will gain more tax revenue as digital money ends the black market
- Eliminating cash will reduce the threat of terrorism
Eventually, as the public becomes conditioned to use only plastic cards, a new and better solution will make it even easier to do business: an itsy-bitsy chip embedded just under the skin should do the trick.
For Bible prophecy students, a cashless society is a gigantic red flag. Without cash the government will have taken the first step to control all forms of commerce.
The second step is to end the US dollar’s reign as world reserve currency and create a basket of currencies that would back a new reserve digital currency: Dollar, Yen, Renminbi, and Euro, perhaps.
Step 3 is to gradually reduce the number of currencies to 1.
In the mind of a tyrant, banning cash, guns, and Bibles equals total power...