The Coming Cashless Society
 
 

 

 
Author and financial planner Ethan Pope is hardly a sensationalist. He impressed me so much on air this past weekend reviewing his book, "Cashing it in: Getting Ready for a World Without Money" that I am, frankly, doing a short book review and encouraging you to purchase it at a Christian bookstore. If they don't have it, they will order it from Moody Publishers. The weekend program will be posted to my "radio archives" today, Monday, here http://www.olivetreeviews.org/radio/mp3/
Pope believes the coming one world global currency, all electronic, will be here in a few short years. Not a prophet, obviously he will not put a date on this. But we see shades of it even now with debit cards, credit cards, electronic banking, and more. The effort is global, not just the Western world. Pope frankly says, "change or be left behind."
Since at some point all of this will require technology, all will need to be familiar with a computer or have a family member or friend deal with the issue. It is likely that someday the Antichrist will also communicate en mass via the computer. The world is pressing forward with this; it is just a matter of time. Already some consumers are ready to sacrifice some privacy due to the threat of more terrorist attacks. But how much will we be willing to compromise? Maybe a lot when the "benefits" are realized, but remember, for each benefit, there is a down side.

  • There would be a decrease in crime and as a result a savings to Americans alone of about $1 billion a year.
  • Expect a decrease in all violent crime related to money.
  • The elimination of counterfeit money.
  • The elimination of money laundering and a decrease in drug trafficking.
  • No check writing, stolen checks, or lost checks.
  • Global transactions will be easy. You can buy anything simply all over the world.
  • Since everything will have an RFID chip (hear our radio show on this on February 25, 2006, on "radio archives"), nothing will ever be lost. However, there is huge potential for abuse here.
    And what about the negatives?
  • Hackers and other criminals can get your information through identity theft. They may not be able to steal your wallet with $25 in it, but they can steal ALL of your money electronically.
  • Someone will view every transaction you make.
  • This will require a national identification system and every transaction you make will be recorded.
    Some segments of society are already 80% cashless. The IRS wants forms filed electronically though it is not yet mandatory.
    E-cash is on the way. Will this just play out in the Tribulation with the one world system when cash is worthless anyway and a "mark" necessary? The author speculates that this is a run-up to that and I would second that. However, there is nothing intrinsically bad about a cashless society UNLESS evil people control it and monitor it. But the further we move into the last days, the more evil will intensify.
    If you have eyes to see, things are coming to pass as predicted. For the believer, we look up. For the unbeliever, is it any wonder the Bible says that men's hearts would fail them for fear? Only "God is the stability of our times," (Is. 33:6).
    To learn more about issues related to current events and Bible prophecy, check out our "Prophecy Watch" link at our Web site http://www.olivetreeviews.org/topics/prophecy.shtml There are many stories there to substantiate this issue and dozens more.
    Olive Tree Ministries will carry Ethan Pope's book in our print newsletter and Web site hopefully within two weeks.
    Awaiting His return, Jan Markell
    You may pass on these items or have people sign up on our Website, www.olivetreeviews.org. We update "Current Headlines" twice a day and you can access our radio programming from the last two years on "Radio Archives." Also see the Website for other options to catch the program, "Understanding the Times," live and tape-delayed. Report e-mail address changes reporting old and new.
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