Prophecy Update #410 – Cashing Out

We are now in our eighth year of presenting a weekly Prophecy Update.  This is #410 in that series.

We talk a lot about prophecy because one quarter of the Bible is devoted to it.  One in every four verses is either a fulfilled prophecy, or a future one awaiting its fulfillment.

Eighty-percent of the Bible’s prophecies have already come true.  Those that have not come true are all concerned with what we commonly call the end times, or the last days.  They, too, must be fulfilled to the letter.

It is our belief that we can identify trends in the world, and news, that would be expected in light of the unfulfilled prophecies.

The Bible seems to predict a cashless global economy.  The verses that are cited are the ones in Revelation chapter thirteen  that describe the dreaded Mark of the Beast.  It is some type of personal identifier, on or in the hand or forehead, by which people living in the future Tribulation will be identified and conduct all of their business transactions.

It’s interesting to see the movement towards a global cashless economy.     PaymentWeek.com recently posted an article titled, Danish Government Initiates New Proposal for Cashless Society.

Excerpts:
Denmark has set a proposal that would allow select businesses to reject cash as a mode of payment starting January 2016.

Analysts expect the Danish Parliament to move forward with the proposal.

“It will be cheaper and easier for many companies, if in the future they can choose to receive payment via card or mobile,” stated the Danish Chamber of Commerce.

Over 33 percent of the local population has incorporated digital payments with their lifestyle using Danske Bank’s MobilePay smartphone app, which is widely accepted in numerous mainstream establishments.  Denmark citizens rely on the platform to pay for a range of items, from a pack of chewing gum to household appliances.  The app can also be used to transfer money electronically.

In other parts of Europe, the move to efficient, cashless systems is gaining widespread acceptance by businesses and consumers.

http://paymentweek.com/2015-5-12-danish-government-initiates-new-proposal-for-cashless-society-7223/

ETF Daily News posted a story titled, The War On Cash Escalates: No Cash Or Bullion Allowed In Safe Deposit Boxes.

Excerpts:

JPMorgan Chase.. very recently began test driving new rules in Cleveland as well as other markets.  The bank will no longer accept cash from customers who want to use it to make mortgage payments, pay credit card balances or to cover their automobile loan.

Chase also rolled out new restrictions on what can be put into safe deposit boxes.

The “Updated Safe Deposit Box Lease Agreement” customers must sign states, “You agree not to store any cash or coins other than those found to have a collectible value.”

http://etfdailynews.com/2015/05/12/the-war-on-cash-escalates-no-cash-or-bullion-allowed-in-safe-deposit-boxes/

One more.  A former Bank of England economist has called for a total ban on cash and its replacement with credit accounts controlled directly by governments.

Jim Leaviss advocates it as a means of enabling authorities to respond to financial crises better by implementing a “cashless society.”

“Forcing everyone to spend only by electronic means from an account held at a government-run bank would give the authorities far better tools to deal with recessions and economic booms,” states the introduction to Leaviss’ article.

http://www.bibleprophecyblog.com/2015/05/economist-force-everyone-to-have.html

No one is saying that all, or any, of these specific things are going to occur.  We’re only pointing out that they are precisely what you’d expect from a reading of Bible prophecy.

We aren’t looking for signs.  The Lord’s coming to resurrect the dead in Christ, and to rapture living believers, is imminent.

Are you ready for the rapture?  If not, get ready, stay ready, and keep looking up.  Ready or not, Jesus is coming!