They call it Electronic Money, or E-Money, but usually, Digital Cash. It is intangible money that exists only as entries in bank records and in the minds of the users. There are several electronic payment systems out there, with cutes names such as Bitcoin, PayTag, Pingit, Google Wallet, PayPal and mobile phone wave and pay, but Ecuador has started the first government-run digital cash system. This is what makes the cashless system in Ecuador so significant to Bible prophecy students; the government controls it. Other countries have digital currency systems, but they are not state-run. What is happening today is completely consistent with Bible prophecies which predict a one-world economic system under the control of the Antichrist.
Ecuador’s digital currency system will begin handling actual electronic money transactions for selected services and for sending money between individuals this month. “I think quite rapidly people will be using it all over the place,” said Paul Buitink, instructor, Universidad San Francisco de Quito, “The plan is quite aggressive—they really want the whole population to use it as soon as possible.”
In Sweden, at least 95 percent of all monetary transactions are digital. There are churches there that pass a digital payment system with the collection plate. There are even some homeless people on the street who accept digital payments in order to sell their newspapers. Chorlton, South Manchester, England has beta tested the cashless society by banning all cash payments. The Manchester Evening news reports that this social engineering experiment is testing how consumers will react, anticipating that “physical currency will disappear inside 20 years.” As of July 6th, the double-decker buses in London have been accepting only the “Oyster Card” or prepaid tickets. In France and Belgium, laws prohibit any cash transactions over 3,000 euros, with Belgium backing it up with a fine of up to 225,000 euros for violating the law.
We are being subjected to a financial transaction system which we can’t control. Governments will be able to impound our money at will through taxes and “bail-ins.” Look at what happened in Cyprus. When Cyprus’ largest bank was determined to be too big to fail, the government looted the common people’s bank accounts as part of a “bail-in” scheme with the International Monetary Fund and the European Central Bank. Some called that “bail-in” full-blown socialism.
There will be no system more full-blown socialistic than that of the Antichrist’s one-world government. No one will be able to buy or sell without his mark. And the Antichrist’s cashless system is just around the corner.
By Rick Brinegar