Understand The Times, International

Comment from Understand The Times:

There are so many events taking place today, setting the world up for a global cashless society that will track all financial transactions for humans worldwide when they become part of the antichrist system, as foretold in Revelation chapter 13. Of course, there are many professing Christians who do not take Bible prophecy seriously and know nothing about what is coming. The following article is just one more example that the system the Bible warns about is just around the corner.

August 30 - All Over The World Governments Are Banning Large Cash Transactions

Article: One World Government

Are we witnessing the slow but certain death of cash in this generation? Is a truly cashless society on the horizon? All over the world, governments are either placing stringent reporting requirements on large cash transactions or they are banning them altogether. We are being told that such measures are needed to battle illegal drug traffic, to catch tax evaders and to fight the war on terror. But are we rapidly getting to the point where we will have no financial privacy left whatsoever? Should we just accept that we have entered a time when the government will watch, track and trace all financial transactions? Is it inevitable that at some point in the near future ALL transactions will go through the banking system in one form or another (check, credit card, debit card, etc.)?

In Mexico, a bill before the legislature would completely ban the purchase of real estate in cash. In addition, the new law would ban anyone from spending more than MXN 100,000 (about $7,700) in cash on vehicles, boats, airplanes and luxury goods. Anyone violating this law would face up to 15 years in prison.

In Greece, all cash transactions above 1,500 euros are being banned starting next year. The following is a comment by Greek Finance Minister George Papaconstantinou at a press conference discussing the new austerity measures as reported by Reuters..."From 1. Jan. 2011, every transaction above 1,500 euros between natural persons and businesses, or between businesses, will not be considered legal if it is done in cash. Transactions will have to be done through debit or credit cards"

Even Italy has gotten into the act. As part of Italy's new "austerity measures", all cash transactions over 5,000 euros will be banned

The reality is that governments around the world are getting very, very sensitive about large amounts of cash and they are not messing around. They don't want all of us running around with big piles of cash. They want our money in the banks where they can track it, trace it and keep a close eye on it.

And as cash becomes criminalized, are all of us going to be forced into the banking system whether we like it or not? If we cannot pay for things in cash, what other choices are we going to have?