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We get one day closer to the End Times every day. Just that fact alone has caused many to predict just when that will be as well as who the Anti-Christ is and try to figure out the signs and the days. Jesus told his followers that no man knows the day or the hour in which he will return, but that there were things that would help us to know that the end will be near.
Some of the things that I’ve always looked at are things that could facilitate The Tribulation. I’ve particularly been interested in the technology that would have to surround the Mark of the Beast controlling the ability for people to buy and sell.
So when I started to hear about the fact that Europe was going cashless, which started as just not carrying coinage and has gotten to the point that some places were not accepting cash at all, I began to think through to the fact that cash allows people to be untraceable and to continue to share something of value.
Bitcoin’s initial promise was that it would be something of value you could keep in your own digital wallet that would allow you to escape government control– but I have always said that the government will find some way to regulate it. Turns out that they might not have to– all they have to do is come up with a decent competitor:
As technology continues to revolutionize the way people live, work and spend, central banks around the globe have kicked off efforts to reinvent their local currencies for the digital era. Now, the United States is the latest to signal “urgency” in researching a potential digital version of its dollar via a Central Bank Digital Currency, or CBDC.
Part of President Joe Biden’s executive order regarding digital assets on Wednesday includes “placing urgency on research and development of a potential United States CBDC, should issuance be deemed in the national interest,” according to an accompanying fact sheet released by the White House.
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“At a very high level, a CBDC is just digital money that would be issued by the central bank,” Sarah Hammer, the managing director of the Stevens Center for Innovation in Finance at the Wharton School of the University of Pennsylvania, told CNN Business. “It would be based on the fiat currency of that country, so it would be based on the money supply — and then it would be implemented using a government database or approved private sector entities working with the government.”
Yermack, who has been studying the rise of digital currencies for years, added that a CBDC “would actually operate an awful lot like Bitcoin or other cryptocurrencies.”
“You’d have a network of wallets, probably held by members of the public, where people could pay each other directly without going through a third party,” Yermack said.
The US dollar could go digital. Here’s what you need to know
You would need some kind of centralized database in order to control everything. Or at least control the ways that people could trade the currency– so don’t look for what they’re promising about having a way to go peer to peer. The US government has wanted to track small transactions as part of Build Back Better, and the Canadian government has shown that if they don’t like your views (or your views are contrary to the government), they can freeze all your assets and distribute them as they see fit.
Don’t look to the government to give up these controls, under the banner of terrorism threat or anything else. Look for them to build as many ways to keep tabs and control as we approach the final days.
