Why didn’t experts expect the fears of citizens to increase over money shortages in 2020?
Does cashless spending research show that an increase in a cashless society is leading to bible prophecy concerning the mark of the beast?
Does the Gallop Poll data of 2017 show that fewer Americans actually recognize bible prophecy and that the current physical movements are toward cashless spending?
A Gallop Poll from 2017 shows that 47% of American adults believe that the bible is the inspired word of God. The problem with this data is if only 47% believe it is God inspired, then 53% believe that it is not God inspired.
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money fears of 2020 increase the necessity of cashless purchases
What does it mean to have a total cashless society?
A totally cashless society means just that, you cannot buy anything without your account number. A totally cashless society would require complete use of some form of credit.
- The use of credit or debit cards for all food purchases.
- It also means that you cannot buy plane, train or bus tickets. Therefore, you will not be able to buy gas, so you will not be mobile.
- You would not be able to watch tv, because there is no such thing as “free tv” anymore. You must have some form of cable or satellite to watch television.
- This form of cashless system seems to remove the your ability to control your spending.
experts reveal America's current cashless spending in 2020
Are we already living in the beginning phases of a cashless society in America?
If we stop and look at how financial business is done in America, we see that quite a bit is done through cashless means. Also, it does not matter if you are a working individual, retired or a social security recipient, most companies are using direct deposit to replace checks. Now think totally cashless, lets look at the Amazon Go Store, which is completely cashless.
What is the role of digital currency in the removal of the dollar?
A Harvard Business Review marketing professor closely studied the cashless trend. She wrote in her research that a “less cash” society is more likely than not. The expert opinion of this professor is that a fully cashless society is not to be expected anytime soon. However, additional research shows that cashlessness in American has sped up.
Experts agitated 2020 Covid-19 Cash Crisis
What affect did Covid-19 have on “Cashlessness” in American?
The COVID-19 pandemic has certainly tested the ability of the United States to adapt to cashlessness – and likely has sped up the process. Square, a financial tech company, completed a study on cashless usage. Square found that between March 1 and April 23, 2020, the number of cashless businesses in the U.S. and globally increased 23%. The 23% number is considered to be on the low end. Great Britain saw an increase of 50% in cashless businesses, and Canada saw a 39% increase.
What role did the coin shortage of 2020 play in a cashless spending?
The U.S. Mint was unable to make coins during the pandemic because they had less staff than usual. When businesses opened back up, the need for coins was greater than the amount of coins in circulation. Nonetheless, citizen were forced to use credit or debit cards to buy food if they did not have the correct change for their purchase.
2020 Cashless Spending: Pro's and Con's
What are some Pro’s and Con’s of a cashless spending system?
Just as with anything else, there is a good and a bad side to the system. While some believe a cashless spending system would be the most beneficial to everyone, other do not. Here are some reasons that both sides present.
Let’s start with the con’s.
- There will be no more money in birthday cards.
- No more odd jobs or side hustles for a few bucks.
- Banks would own and control every penny you have before and after you get it.
- Your money would be controlled by the government.
- The cost of having a cashless account, which would increase transaction and processing fees.
- Small business would get hit hard with unaffordable fees.
Now let’s explore some of the pros.
- The tax system would become easier and more efficient.
- More germs would be controlled due to the removal of germ carrying cash.
- Fewer individuals would be robbed because there is no tangible cash to steal.
- Less money laundering due to the removal of tangible cash.
- There would be added security to protect your account.
- Online shopping would increase goods and services and provide a wider market.
Experts Examine Technology Needs for American Digital dollar
What has the Federal Reserve said about using a cashless society?
Currently, the Federal Reserve has not determined exactly how they will offer the digital dollar. Their current research shows a desire to offer a digital dollar that is equal to cash. Nonetheless, the goal is “increasing the ease and efficiency of cross-border transactions.”
According to Forbes, the Federal Reserve has received a “bi-partisan letter” from both the democratic and republican supporting congressmen supporting the exploration of digital currencies.
What does China have to do with America pushing toward a cashless society?
Why the push? We all know that leadership is important among individuals and countries.
America’s race for the digital dollar seems necessary to keep the current position as the world leader in currency.
Who Controls the Money in A Cashless Society?
Central banks, which are financial institutions given control over the production and distribution of money for a nation or group of nations, are leading the charge toward cashlessness. About 70% of the central banks globally have looked at issuing their own digital currency, according to a Bank for International Settlements (BIS) report.
Consequently, a group of seven major central banks, including the Federal Reserve, are researching how to create a digital currency that will catch up with China.
Currently, China is already piloting a digital renminbi, with the PBOC saying it would boost the yen’s reach in a world currently dominated by the dollar.
The Bible States The Coming Of A Cashless Society
What does the bible say about cashless spending?
According to Revelation 13:4, and Revelation 13:16-18 (NKJV), (4)… they worshiped the dragon who gave authority to the beast; and they worshiped the beast, saying “Who is like the beast? Who is able to make work with him?”
He (Satan) causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand and on their foreheads, (17) and that no one may buy or sell except the one who has the mark of the name of the beast or the number of his name.
The mark of the name of the beast or the number of his name is 666.
does a cashless society open the door to implants in your hands or head?
How is the mark of the beast connected to the cashless society?
Big tech companies and sales giants have the ability to produce such a cashless shopping environment. Who are the tech giants? First, there is Facebook Pay, available to send money to someone using their app. Then there is Google Pay, most of us use Google for almost everything. Now there is Amazon’s new form of pay. All three of these tech giants are developing ways to provide cashless sales to the consumer.
This is an article in the Wall Street Journal concerning the use of hand implants for buying.
Additionally, per the Wall Street Journal, the company plans to pitch the terminals to coffee shops, fast-food restaurants and other merchants that do lots of repeat business with their customers.
Conclusion
We start with research concerning an increase in cashless spending and ask is this leading to bible prophecy concerning the mark of the beast. Next we explain what it means to be totally cashless. Then we show how cashless spending is already used in both businesses and stores. We also show that the cashless system incudes both retired and working individuals.
After that, we explained the role covid-19 played in the increase of cashless purchases and in the coin shortage of 2020. We move forward into the federal reserve and their role in the seeking out how to develop digital dollars. We also show who controls the money and the induction of central banks and digital dollars. Finally, we concluded with bible scripture from Revelation 13 concerning the mark in either the head or hand, and the use of hand implants to scanners.
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Central Banks Sketch Out Digital Currency As China Forges Ahead https://www.reuters.com/article/bis-currency-digital-int/central-banks-sketch-out-digital-currency-as-china-forges-ahead-idUSKBN26U0KO
Fact check: A cashless society isn’t imminent and wouldn’t mean total end of cash https://www.usatoday.com/story/news/factcheck/2020/07/27/fact-check-cashless-society-isnt-imminent-wouldnt-eliminate-cash/5415027002/
Federal Reserve Reveals Research Plans For Digital Dollar https://www.forbes.com/sites/jasonbrett/2020/08/13/federal-reserve-reveals-research-plans-for-digital-dollar/?sh=66aa01465946
Record Few Americans Believe Bible is Literal Word of God https://news.gallup.com/poll/210704/record-few-americans-believe-bible-literal-word-god.aspx
Revelation 13 https://biblehub.com/bsb/revelation/13.htm
United States Mint Releases Public Service Announcement Regarding Circulating Coins https://www.usmint.gov/news/press-releases/united-states-mint-releases-public-service-announcement-regarding-circulating-coins
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Excellent concepts of truth and awareness.. Biblical fulfillment!!!
Hey Sann, you are right, and the problems is that too many people are walking around with their eyes wide shut. Some are refusing to believe even with all the things that we can see.
Thank you for commenting.