Jan 29, 2010

Mark Hitchcock on the Evidences for a Cashless Society

Nathan JonesBy Nathan Jones

What are some evidences that the world is near to becoming a cashless society?

Dr. David Reagan and I recently had the pleasure of interviewing Dr. Mark Hitchcock on the show Christ in Prophecy. Mark is a leading Bible prophecy expert, prolific author who has penned over 20 books on the end times, senior pastor of Faith Bible Church located in Oklahoma, and adjunct faculty member of the Dallas Theological Seminary. He is also a much in demand speaker at Bible prophecy conferences all over the nation.

Dr. Hitchcock was invited to answer questions based on his book Cashless: Bible Prophecy, Economic Chaos, and the Future Financial Order. It concerns the world presently teetering on financial chaos, global interdependency, and modern technology all converging in such a way that a cashless society and one-world economy are not only possible, but inevitable.

Evidences For a Cashless Society

Dr. Hitchcock: A number of secular economic experts are saying the world is right on the threshold of a cashless economy. One, for example, is the head of Visa in Europe who said that he thinks there is going to be a cashless society in Europe by 2012. Here we are back to 2012 again and the predictions that it marks an end to the world as we know it. What he made is a bold statement. Even if he is wrong by just a few years, that is an incredible statement to make!

Secondly, just think about the buying practices of most people today. Just about every day people have automatic deposits of their checks. When people go to get gas, so few go in anymore and pay with cash. People just swipe their credit cards.

Dr. Reagan: Well, I am old fashioned. I still sit down at the end of the month and write 35 checks for everything. But, almost every day I am getting an email message from those companies saying we will give you this incentive or that incentive if I would simply sign a statement and let us do the payment automatically. The banks don't want to mail out a thing. Sooner or later they are just going to say we are not going to mail a bill anymore.

Dr. Hitchcock: That's right. What people fail to realize the unbelievable advantages to being cashless. Think of all the disease from money being handled back and forth. Think of the taxes from the underground economy out there that is based on cash that are not being taxed.

Dr. Reagan: I think of crime, it is a positive thing in regard to crime.

Nathan Jones: Dealers can't make a drug deal if they don't have any cash to trade.

Dr. Reagan: When you go cashless every transaction has a record, and there isn't money dealt under the table.

Dr. Hitchcock: It gets rid of counterfeiting. In my book I enumerate at least 10 things we can say are just good practical advantages that we would all agree on about going cashless. Many of these other movements in Bible prophecy that are moving forward, they seem like good ideas at the time. With a one-world economy coming together it could stop wars. If everybody is tied together economically they won't have to fight with each other anymore.

Dr. Reagan: There are always good things to all technology, like the Internet. There are so many good things about the Internet. We don't have to pay international postage anymore when we send out and talk to people all over the world.

Nathan Jones: With email I don't have to write paper letters anymore.

Dr. Reagan: On the other hand, pornography is unbelievable.

By going cashless there are many positive things in regard to a cashless society, but the reality of it all is that it is paving the way for a world government to control what we buy and what we sell. In fact, right now, when I go to many stores they will give me a discount if I show them a little card, such as at CVS Pharmacy or Kroger Supermarket. When I purchase with a credit card, the store has a record and knows everything I buy. With my buying characteristics they can pinpoint advertising to me based on that information. It is mind-boggling to think of what they can do with that purchasing information.

Dr. Hitchcock: With all the technologies existing out there to do these things, it is only a matter of them being accepted by people.

Nathan Jones: As the world readily accepts these cashless technologies, it's further evidence that we are quickly becoming a cashless society, a society that the Bible foretells one day will be easily controlled by a one-world leader.

Related Links

In Davos, Bankers Look for Closer Bond With Policy Makers - New York Times
Cashless: Bible Prophecy, Economic Chaos, and the Future Financial Order - Mark Hitchcock (Book)
Does the Bible prophesy a one-world government and a one-world currency in the end times? - GotQuestions.org
Evolving US Payment Systems and Bank Delivery Channels: Death of the Teller... - PR-USA.net
Shadow Government - Grant R. Jeffrey (DVD)