‘The Curse of Cash’


A new book just came out that advocates the elimination of most cash.  It is titled The Curse of Cash:

August 3, 2016

[I]t’s time to start phasing out paper money, argues Kenneth S. Rogoff in The Curse of Cash (Princeton, August). The bigger denominations ($100 and up) enable “tax evasion, corruption, terrorism, the drug trade, human trafficking and the rest of a massive global underground economy” and have also “paralyzed monetary policy in virtually every advanced economy.” Small bills and coins are not such a problem, but the Franklins (and larger) could be replaced by a state-backed digital currency. https://www.insidehighered.com/views/2016/08/03/overview-part-2-fall-2016-books-university-presses-essay

Two others reported the following about it:

The Curse of Cash

By Brian Maher

August 2, 2016

Rogoff — big brain, Harvard economist and card-toting member of the global monetary elite — has just released a brand-new book called The Curse of Cash. From which:

The massive quantities of cash circulating today… are a huge public policy problem that needs to be urgently discussed, not taken as an immutable fact of life.

Do you consider your cash a “huge public policy problem?”

Rogoff does. Authorities can’t track it — or tax it.  …

Rogoff’s real agenda? To hand central banks complete control of the economy. Give them the power to make negative interest rates work. The purpose of negative interest rates is to turn money into a hot potato. Hold it for more than a second and get burned. So you spend it, just to avoid the burn. On what? No matter, really. …

Jim Rickards has … called The Curse of Cash nothing less than “an elite manifesto for the final elimination of cash.” Here Jim rips back the lid on the entire scheme:

The real reason is the power elite want to abolish currency so they can force everyone into the digital bank system. Once everyone is forced into the banks, it’s easy to impose negative interest rates to confiscate your money. Paper money is the best way to avoid negative interest rates. So paper money must be abolished before the elite plan can be implemented. A cashless society forces everyone into digital bank accounts than can be taxed, frozen or stolen by negative rates. Getting savers into digital accounts is like rounding up cattle for the slaughter.

Would it shock you that Ben Bernanke endorsed Rogoff’s book? A leading question, of course: “A fascinating and important book. Kenneth Rogoff sets out a compelling and wide-ranging argument for weaning our economies off paper money,” says Ben. http://dailyreckoning.com/the-curse-of-cash/

The Curse of Cash

By Dan Denning

August 2, 2016

The “phasing out” of paper money

If you want to fundamentally transform the economy so governments have more control over private economic behaviour, you have to get rid of cash. Cash is anonymous. Cash can be hoarded. Cash is harder to track. Cash must be destroyed.

But governments and central banks know they can’t just force you to turn in your cash for something new. Mind you, the US government ordered the confiscation of gold on 5 April 1933 with Executive Order 6102. There is ample precedent that what you think is yours can be taken from you quickly and without legal recourse.

Yet as Tim has argued in his latest remarks, the financial authorities are likely to be more subtle about replacing cash. I urge you to take the argument seriously while you still have time to do something about it. And if you think I’m exaggerating, then pre-order a copy of Harvard economist Kenneth Rogoff’s new book, The Curse of Cash. According to Rogoff’s website (emphasis added is mine):

In The Curse of Cash, Kenneth Rogoff, one of the world’s leading economists, makes a persuasive and fascinating case for an idea that until recently would have seemed outlandish: getting rid of most paper money. …

He argues that phasing out cash, “will allow central banks to engage in much more aggressive stimulus with unfettered and open-ended negative interest rate policies… phasing out cash is perhaps the most elegant and durable solution.”

For me, those are disturbing sentiments: “aggressive stimulus”, “unfettered and open-ended negative interest rates policies”, a “durable solution” the problem of cash and cash hoarding. These are the phrases used by someone who is at war with you and your financial independence. http://www.capitalandconflict.com/central-banks/the-curse-of-cash/

Yes, I have reported on this move towards cashlessness before from other sources (see, for example, M&M & CNN: European and other governments pushing towards cashless society where 666 can operate and ‘The End of the 500 Euro Note Could Lead to a Cashless Economy’ and Harvard economist advises elimination of the one hundred dollar bill). I also made videos about it (e.g. Cashless society in 2016? and Eliminate the $100 bill?).

Earlier this year, I reported here that the executive vice president of Norway’s bank DNB who wants this said it was all ABOUT CONTROL (Norway’s biggest bank calls for a cashless society). The idea that some people are interested in privacy as well as the reality that there are often problems with electronic forms of payment (credit card errors, power outages, lack of electronic accepting merchants, etc.) seems to be something not being seriously considered by those who want more governmental controls.

Imagine, you have no financial privacy. Everything you ever pay for the government can know. Plus, governments can more easily confiscate the wealth of any one or any group that they want.

The reality is that electronic currency is easier for countries to control and even manipulate its value. Governments will be able to come up with more ways to tax and take.

And it is not only some governments that want this. Last June, CNN reported that the United Nations is trying to get the world to go cashless:

Even the United Nations, alongside the Bill and Melinda Gates Foundation, wants societies to forego cash for more virtual transacting. It wants to cut costs and improve transparency, and is working with governments and the private sector to encourage more use of electronic payments. (http://money.cnn.com/2015/06/02/technology/cashless-society-denmark/)

But what about the USA? Well, in California, there already is an electronic welfare card that replaced what are called ‘food stamps.’

For decades the USA has been pushing first to pay its employees, then those who receive various government payments (like social security) electronically.

While the USA does allow cash transactions, it has certain restrictions and reporting requirements related to cash–and it requires banks to report those who might use cash suspiciously. In addition, the USA is getting many banks around the world to comply with its FATCA regulations, which are designed to eliminate any financial privacy around the world (for USA residents and citizens). The pushing of these rules is helping set up a banking monitoring system that the Europeans will also likely use (see also ‘The Coming Death of the Dollar’). The USA, though NOT 666, is helping set the stage for 666.

Steps towards going cashless are preludes to 666.

Notice something about a meeting in Europe last June:

20 June 2015

One of the main topics at the Bilderberg Group meeting held last week in Telfs-Buchen, Austria was the idea of promoting a cashless society. It seems like governments in Africa think that a cashless society is a good idea, which is good news for the Bilderberg elite, but really bad news for the rest of us. http://www.globalresearch.ca/the-bilderbergs-cashless-society-proposal-and-rwandas-us-supported-cashless-payment-system/5457032

Might Europe go completely cashless?

It very well might.

Why do I conclude that?

Basically for three reasons.

First, as technology advances, more and more financial transactions are electronic. it makes the idea of eliminating cash feasible.

Second, because of the above people are becoming less tied to cash. Governments will likely also claim that mugging related crimes will be reduced if no one carries cash–governments tend to tell people that their rules help provide them with security, without dwelling on the loss of freedom and privacy.

Third, because of Bible prophecy and the tendency for governments to want to control and monitor more and more, the elimination of cash would assist. In a cashless society where all purchases are made electronically, governments can know everything that everybody buys.

Regular readers of this Church of God News page are aware of the following prophecy:

16 He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, 17 and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.

18 Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666. (Revelation 13:16-18)

It will be a European power that will fulfill the above prophecy of 666 (watch Can You Prove that the Beast to Come is European?).

It will likely take computers aided with artificial intelligence to aid in the fulfillment of the scriptures in Revelation 13:15-18, as well as cyber-spying/monitoring. I do believe that cyber monitoring will be used by the European Beast, King of the North, 666 power.

This type of financial surveillance could not have happened during the time of the Apostle John as there was no real way to monitor many financial transactions then (despite the fact that ‘preterists’ believe this was fulfilled almost 2000 years ago, see also The Dangerous Rise of Preterists).  The same was true for all the centuries that followed until the late 20th and now the 21st century.  But now not only does the technology exist to monitor most financial transactions, the political will is there as well.

We are nearing the time of great distress and even more massive financial monitoring. More and more are publicly calling for it. The phasing out of the 500 euro note is a step in that direction.

Can you see this?

We appear to be in the time that Jesus referred to as “the beginning of sorrows” (Matthew 24:4-8), which will be followed by the “great tribulation” (Matthew 24:21)–which while not here yet, will include a time of monitoring and control of buying and selling (Revelation 13:16-18).

Can you see the ‘handwriting on the wall’?

Some items of possibly related interest may include:

Cashless society in 2016? Is the world moving towards a cashless society? What are some of the advantages and some of the problems associated with a cashless society? Are there governments planning on implementing steps in 2016 that are encouraging a cashless society? Is the United Nations pushing for this? What about the Bilderberg Group? Are there steps in Europe, Africa, Asia, Australia, Latin America, and North America being taken to move towards cashlessness? Does the Bible tell of a European power that intends to control buying and selling? This is a video.
America’s Day of Reckoning 2017 Dollar Collapse? Economist James Dale Davidson says that a financial bloodbath will hit the USA and there is nothing that Washington can do to stop it. He claims that at least 57 nations have gotten together to dethrone the US dollar as the world’s reserve currency. He claims this can happen any day or in a few months.  He mentions China, Russia, the AIIB, and gold. He claims his track record in predicting massive shifts in the past should assure people that he is right about this. He claims that there will be massive unemployment, near elimination of social security benefits, and more. In a post he sent me a link to July 13, 2016, James Dale Davidson wrote, “During the next six months, you will see the stock market plummet by at least 50%, real estate will drop 40%, savings accounts will lose 30%, and unemployment will triple. It’s already starting to unfold.” Is James Dale Davidson possibly right on any of this? Dr. Thiel goes over many of his claims and explains what the Bible shows related to the coming collapse of the US dollar. This is a video.
Eliminate the $100 bill? Various ones, like Harvard economist and Trilateralist Larry Summers have called for the elimination of the USD$100 bill and the 500 Euro note. In Asia, South Korea is heading towards cashlessness by 2020. Electronic currencies are information and subject to monitoring. Did something God inspired the Apostle John over 1900 years ago now able to come to pass? This is a video.
Collapse of the Euro and Dollar? War in 2020? Larry Edelson of Money and Markets described aspects of current economic difficulties and explained why he felt matters would get a lot worse. He said war, like World War III, could break out as early as 2020. What did he call the ‘granddaddy of all cycles”? Will matters go as he said? What does the Bible teach? Dr. Thiel provides biblical insights that secular sources often miss. This is a video.
Preparing for the ‘Short Work’ and The Famine of the Word
Project Prophecy: Economic Collapse Starting in 2015? Jim Rickards once worked for the CIA and also was once part of a a USA government program called called ‘Project Prophecy.’ He has a video were he claims that starting in 2015, the USA may have economic collapse resulting in a 25-Year Great Depression. He mainly cites debt figures and claims advises alternatives to the USA dollar which he says will collapse? What did Rand Paul state? Can the USA dollar collapse? This is a video.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold?
Can those in the USA/UK see the Handwriting on the Wall? Is everything fine in the USA/UK or is it like the days of Noah? Can we learn from the handwriting that appeared on a wall thousands of years ago? Here is a link to a related YouTube video Can you see the ‘Handwriting on the Wall’?
When Will the Great Tribulation Begin? 2016, 2017, or 2018? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2016 o 2017? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives and Can the Great Tribulation begin before 2020? A shorter video is: Can the Great Tribulation Start in 2016?
Two Horned Beast of Revelation and 666 Who is 666? This article explains how the COG views this, and compares this to Ellen White. Here is a link to a prophetic video Six Financial Steps Leading to 666?
The Mark of Antichrist What is the mark of Antichrist? What have various ones claimed? Here is a link to a related sermon What is the ‘Mark of Antichrist’?
Mark of the Beast What is the mark of the Beast? Who is the Beast? What have various ones claimed the mark is? What is the ‘Mark of the Beast’?
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous. A related sermon is titled Ten Kings of Revelation and the Great Tribulation.
World War III: Steps in Progress Are there surprising actions going on now that are leading to WWIII? Might a nuclear attack be expected? What about WWIV? Does the Bible promise protection to all or only some Christians? How can you be part of those that will be protected? A related video would be Is World War III About to Begin? Can You Escape?
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2024 or 20xx? There is also a video titled The 6000 Year Plan: Is the end of humanity’s reign almost up?
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be Barack Obama and the State of the Apocalypse.
The Gospel of the Kingdom of God was the Emphasis of Jesus and the Early Church Did you know that? Do you even know what the gospel of the kingdom is all about? True religion should be based upon the true gospel.
Did The Early Church Teach Millenarianism? Was the millennium (sometimes called chiliasm) taught by early Christians? Who condemned it? Will Jesus literally reign for 1000 years on the earth? Is this time near? A related sermon is titled The Millennium.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous. A related sermon is titled Ten Kings of Revelation and the Great Tribulation.

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