Unbeknown To Most, A Financial Revolution Is Coming

USA - Given how much is at stake, this financial revolution is among the most important questions today’s societies could possibly grapple with. It should be under discussion in every parliament of every land, and every dinner table in every country in the world.

Around 90 central banks are either in the process of experimenting with or are already piloting central bank digital currencies (CBDCs). In a world of just over 190 countries that is a large contingent, but given they include the European Central Bank (ECB) which alone represents 19 Euro Area economies, the actual number of economies involved is well over 100. They include all G20 economies and together represent more than 90% of global GDP.

That power could be used to “program” our spending. One way central banks could use its expanded influence is to exert control over people’s spending habits. In June 2021, the Daily Telegraph reported (behind paywall) that the Bank of England had asked Government ministers to decide whether a central bank digital currency should be “programmable”. According to Tom Mutton, a director at the Bank of England, “There could be some socially beneficial outcomes from that, preventing activity which is seen to be socially harmful in some way.”

This could bring huge advantages for both government and central banks, says Lyons: The Fed could directly subtract taxes and fees from any account, in real time, with every transaction or paycheck, if it wished. There could be no more tax evasion; the Fed would have a complete record of every transaction made by everyone. Money laundering, terrorist financing, any other unapproved transaction would become extremely difficult. Fines, such as for speeding or jaywalking, could be levied in real time, if CBDC accounts were connected to a network of “smart city” surveillance. Combining digital currencies with digital IDs while phasing out, or even banning, the use of cash would grant governments and central banks the ability not only to track every purchase we make but also to determine what we can and cannot spend our money on.

They could also be used to strongly encourage “desirable” social and political behavior while penalizing those who do not toe the line. As Lyons points out, “The most dangerous individuals or organizations could simply have their digital assets temporarily deleted or their accounts’ ability to transact frozen with the push of a button, locking them out of the commercial system and greatly mitigating the threat they pose. No use of emergency powers or compulsion of intermediary financial institutions would be required: the United States has no constitutional right enshrining the freedom to transact.”

Lyons warns that CBDCs, “if not deliberately and carefully constrained in advance by law… have the potential to become even more than a technocratic central planner’s dream. They could represent the single greatest expansion of totalitarian power in history.”

Our comment

We were warned that this was coming – nearly 2,000 years ago! It’s coming to pass right now!

As the article warns - “It should be under discussion in every parliament of every land, and every dinner table in every country in the world.” Combining digital currencies with digital IDs … “would grant governments and central banks the ability not only to track every purchase we make but also to determine what we can and cannot spend out money on” - or, one could add, IF we can spend our money”!

The war in Ukraine is being used as the catalyst for rushing headlong into this financial straitjacket – combined nations producing a total of “more than 90% of global GDP is involved”! As the article illustrates, with the new digital ID system the scripture in Revelation 13:7 is very real and up to date, even though it was written around 2,000 years ago!

“And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” (Revelation 13:17)

The word “name” can be translated as “authority”!

Mr Armstrong wrote:

“Everyone wants to be able to ‘buy or sell.’ In this scriptural usage the expression ‘buy or sell’ more literally indicates …that the one refusing the ‘mark’ would not be able to buy, would not be able to earn a living, to earn a wage or salary, or to engage himself in business.” (Who or What Is the Prophetic Beast? - Part 2)

This control of who can “buy or sell” must be in place at the end time. Given a big enough crisis, this new system could be come operational - suddenly!

“…when you see all these things, you can know his return is very near, right at the door.” (Matthew 24:33)

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Today we find the Church of God in a “wilderness of religious confusion!”

The confusion is not merely around the Church – within the religions of the world outside – but WITHIN the very heart of The True Church itself!

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Listen to Me, You who know righteousness, You people in whose heart is My Law: …I have put My words in your mouth, I have covered you with the shadow of My hand, That I may plant the heavens, Lay the foundations of the earth, and say to Zion, “you are My people” (Isaiah 51:7,16)