Mar 20, 2012

Sweden Moving Towards Cashless Economy

Duane MuirBy Duane Muir
Signposts of the Times

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While not noted specifically in bible prophecy, a cashless society may work hand-in-hand with a new system of commerce which only allows those with a new identity mark the ability to buy or sell.

In today’s high tech world, it is becoming so much easier to govern and monitor the ability of the populace to participate in day-to-day commerce. Cash is still used to some extent, but once that option disappears then the only way to make purchases or to receive payments will be the digital monetary system. A system which could easily require every person to be chipped (RFID chip) in order to buy or sell.

We don't know with certainty that this is what bible prophecy is referring to when it warns of the coming mark of the beast. The only thing we know for sure, is that without this mark, your ability to buy food or earn a living ends once this new system of the future Antichrist is implemented.

It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name. (Revelation 13:16-17 NIV)

From the article:

(CBS News)-Sweden was the first European country to introduce bank notes in 1661. Now it's come farther than most on the path toward getting rid of them.

"I can't see why we should be printing bank notes at all anymore," says Bjoern Ulvaeus, former member of 1970's pop group ABBA, and a vocal proponent for a world without cash.

The contours of such a society are starting to take shape in this high-tech nation, frustrating those who prefer coins and bills over digital money.

In most Swedish cities, public buses don't accept cash; tickets are prepaid or purchased with a cell phone text message. A small but growing number of businesses only take cards, and some bank offices—which make money on electronic transactions—have stopped handling cash altogether.

Bills and coins represent only 3 percent of Sweden's economy, compared to an average of 9 percent in the eurozone and 7 percent in the U.S., according to the Bank for International Settlements, an umbrella organization for the world's central banks.

Related Links
Sweden could be first country to go cashless as even churches are taking cards for offerings • Daily Mail
Sweden leads move to cashless mobile economy • ZDNet
As Sweden Goes, So Goes the World: The Beginning of the End of Cash • The Atlantic
Proposed UN Environmental Constitution For The World Would Establish An Incredibly Repressive System Of Global Governance • The American Dream
Sweden Going Cashless: Pros and Cons of Paper Money • International Business Times