Is a Digital Dollar Coming Soon to the World?

Financial expert Nick Anthony, from the CATO Institute, believes that central bank digital currencies (CBDCs) are not very effective at anything other than spying on individuals and controlling their money. Anthony argues that the government cannot be trusted with CBDCs because they are highly susceptible to abuse.

The government could access Americans’ data by default, stored on their servers, just a click away. “Digital money might be designed for use only for specific purchases, at specific times, or with an expiration date.

This technology could also manage the economy by, for instance, incentivizing spending through negative interest charges on those who do not spend. Furthermore, it can be deactivated, as demonstrated by the Canadian government when it froze hundreds of bank accounts to end the Canadian truckers’ blockade over COVID-19 restrictions.

“Programmability has been something that many central banks and governments Anthony says, “If we think about the current banking system where deposits come in and then banks use those deposits to fund loans, a CBDC poses a fundamental threat to that”.

For example, every dollar held as a CBDC instead of in a savings account would mean that the banking system could use less.” We have been looking into where payments could be programmed, or the money itself could be programmed,” Anthony says. It’s only limited by government officials’ creativity.

“A digital dollar would also be much more than the Federal Reserve could handle with its 20,000 employees. The Fed would have to take on the credit risks of hundreds of millions of Americans and all the legal responsibilities the private banking sector currently handles.

Since the Fed has been hacked several times and leaked sensitive data about financial firms just last year, do Americans want to entrust even more of their financial information to the government?

While there is talk of a “privacy enhanced” CBDC, Anthony points out that the same federal government is already looking through your bank account. “Many Americans wrongly believe that their financial information is protected by the Fourth Amendment (against illegal search and seizure),” Anthony says.

The government has almost unrestricted access to your personal information and activities by mandating that banks and other financial institutions disclose your financial transactions regularly. Controlling people’s finances is, ultimately, the most powerful instrument of government control.

The transition to “digital” rapidly encompasses education, identity systems, payments, medical records, and currency.

The war on cash and the push for a cashless society began before the public push for CBDCs. Better Than Cash Alliance members have stated publicly the goal was “shifting from cash to electronic payments” as part of a “digital transition.”

The list of nations that have banned cash transactions over a certain level includes Israel, Nigeria, Cyprus, Greece, and many other nations that have already imposed limits on the use of cash. The regime ruling Qatar adopted a ban on cash transactions above approximately $13,500 less than a year after a major financial firm, SkipCash, announced that the nation was ready to become a “cashless society.”

Governments and central banks are already taking steps to replace physical cash with central bank digital currencies (CBDCs). The world’s major central banks, such as the European Central Bank, the People’s Bank of China, the Bank of Japan, the Bank of England, and others, have been working on developing CBDCs for several years.

Christians are familiar with the Mark in Revelations, which indicates a shift towards digital currency. Without it, no one will be able to buy or sell, thus indicating the inevitable shift towards a digital currency.

In Revelations 13:5, some awful new translations of the Bible change the word “life” into “breath” and the image “unto statue.”

It’s obvious that a statue will not be given breath and come alive. In the modern world, computers can speak. They now talk to each other, reason as humans, and are smarter than humans since they can access the web.

Revelations 13:15 And he had power to give “life” unto the”image” of the beast, that the image of the beast should both “speak,” and cause that as many as would not worship the image of the beast should be killed.

Revelations 13:16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:

Revelations 13:17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

Revelations 13:18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.

If you decide to take the mark to buy or sell:

Revelations 14:9 And the third angel followed them, saying with a loud voice, If any man worship the beast and his image, and receive his mark in his forehead, or in his hand,

Revelations 14:10 The same shall drink of the wine of the wrath of God, which is poured out without mixture into the cup of his indignation; and he shall be tormented with fire and brimstone in the presence of the holy angels, and in the presence of the Lamb:

Revelations 14:11 And the smoke of their torment ascendeth up for ever and ever: and they have no rest day nor night, who worship the beast and his image, and whosoever receiveth the mark of his name.

If you decide not to take the Mark to buy or sell:

Revelations 14:12 Here is the patience of the saints: here are they that keep the commandments of God, and the faith of Jesus.

Revelations 14:13 And I heard a voice from heaven saying unto me, Write, Blessed are the dead which die in the Lord from henceforth: Yea, saith the Spirit, that they may rest from their labours; and their works do follow them.

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