India’s ‘war on cash and gold;’ Will Germany go cashless?

India’s elimination of certain banknotes is also causing problems for those who own gold:

December 19, 2016

India’s gold demand will be far from certain in the aftermath of the government’s decision to withdraw 500 and 1,000 rupee ($7.37 to $14.75) notes, which represent about 86 percent of all notes by value.

Indians mainly use cash to transact and the withdrawal of the two largest denomination notes has led to shortages of money as people struggle to pay for goods and services.

Gold will be affected as well, given many Indian families use cash to buy gold, especially during the wedding season.

It’s likely that gold demand will be crimped by the demonetization policy, but the key question is for how long.

It’s possible that as cash shortages ease, consumer gold demand will bounce back.

But it’s also possible that the government’s aim of cracking down on the informal economy will hurt gold demand as consumers are left with little choice but to put money into banks rather than use cash to buy gold. http://www.reuters.com/article/us-column-russell-gold-idUSKBN1480TB

December 19, 2016

Gold Bullion Is Now Effectively Illegal

Assaults on people’s private property and the integrity of their homes through tax-raids continue. In a recent notification, government has made it clear that any ownership of jewelry above 500 grams of gold per married woman will be put under the microscopic scrutiny of tax authorities.

Steep taxes and penalties will be imposed on those who cannot prove the source of their gold. In India’s Orwellian new-speak this means that because bullion has not been explicitly mentioned, its ownership will be deemed to be illegal. Courts will do what Modi wants. Huge bribes will have to be paid. …

Conclusion

India will become a police state, likely with the full support of most Indians. Nationalism will be the thread that weaves them together. But it is a fake thread, devoid of any value. Eventually, there will be far too many stresses in the system, whose institutions are already in an advance stage of decay.

India as it exists today is a British creation. With the British now gone for 69 years, it is an entity has less and less reason to exist in its current form. The glue of reason that the British have applied is flaking, and it is doing so rapidly under the catalyst by name of Narendra Modi. http://www.zerohedge.com/news/2016-12-18/gold-now-effectively-illegal-india-consequences-creating-cashless-society

India’s middle and upper classes are being hit hard by India’s discontinuance of two of its currency notes, combined with the government’s new gold policies (see also ‘First the War on Cash, then the War on Gold’). The poor are also being affected.

But it is not just India that is moving away from cash. Notice some of what has been going on in Germany:

Will cash soon be a thing of the past?

19 December 2016

Non-cash payment is already the norm in many countries in the world. This month, India completely withdrew all large denomination bills from circulation. In Greece the government is planning to use tax incentives to encourage people not to pay in cash. And in Scandinavian countries it’s quite usual to pay by card, even at the baker’s or at a kiosk. It’s practical for the customer: The payment is booked as soon as you hold the card up to the reader. No PIN; no signature. And no awkward fiddling around to find the right bills or coins.

In Germany, though, cash is very popular. Seventy-five percent of all payments are made in cash. When the German government announced in May 2016 that it would be phasing out the 500-euro note, it sparked a big debate. … At a conference of the German Central Bank in June, Hans-Jürgen Papier, a former constitutional judge, said “not insignificant constraints of a number of fundamental rights” were at issue. …

It is a fact that the politics of zero, and even negative, interest rates is currently stabilizing in the EU. Economist Rudolf Hickel, professor of finance at the University of Bremen, believes this will prove to be a long-term development. …

Germans are buying safes

So what does this mean for customers? Normally, if you deposit money in a savings account, it multiplies. That’s because it accrues interest. But if negative interest rates are applied, customers end up with less money in their accounts, not more. Who goes along with something like that? It seems probable that people would be more likely to hoard their money in cash rather than accept such a loss. In 2016, Germans bought more safes than they had for years. …

In May 2016 the German finance minister, Wolfgang Schäuble, assured us that Germany would not be getting rid of cash altogether: It would just introduce an upper limit. However, he had already firmly declared in February that there would be no upper limit for cash payments – only to introduce one just a few months later.

The state secretary of the Brandenburg Finance Ministry, Daniela Trochowski of the Left party, would also like to see a less emotional debate. For her, the argument that the digitization of money would make it easier to fight tax evasion is a convincing one. As she told DW, she is not in favor of complete demonetarization, but she does support an upper limit for transactions. Trochowski argues that setting this between 3,000 and 5,000 euros for each cash payment would not, in any case, affect the daily lives of ordinary citizens. http://www.dw.com/en/will-cash-soon-be-a-thing-of-the-past/a-36819600

Many politicians have demonstrated that their word is no good.

The world in general, as well as Europe in particular, is moving more towards a cashless society.

The Bible has an end time prophecy related to financial controls of the coming European Beast power:

16 He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, 17 and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.

18 Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666. (Revelation 13:16-18)

The above prophecy was written over 1900 years ago, and was not possibly able to be fulfilled until the 21st century. A century where cash is being replaced by electronic currency that can be fully tracked.

Thus, to a major degree, the ‘war on cash’ will be ‘successful.’

What about the ‘war on gold’?

Governments have historically confiscated wealth that included gold. The USA made private ownership of gold bullion illegal for decades and forced Americans to sell gold to the government for less than the international market value.

Something like that may very well happen again in the USA.

Those who make gold their hope will be disappointed as many in India are learning.

Cash, digital money, and/or gold cannot be relied on. The Bible says that they will fail:

9 “And I say to you, make friends for yourselves by unrighteous mammon, that when you fail, they may receive you into an everlasting home. (Luke 16:9)

1 Come now, you rich, weep and howl for your miseries that are coming upon you! 2 Your riches are corrupted, and your garments are moth-eaten. 3 Your gold and silver are corroded, and their corrosion will be a witness against you and will eat your flesh like fire. You have heaped up treasure in the last days. (James 5:1-3)

Money will one day fail.

Gold and silver are also not the answer to the world’s economic problems.

The real solution to the financial crises that will come is repentance and the Gospel of the Kingdom of God.

Some items of possibly related interest may include:

America’s Day of Reckoning 2017 Dollar Collapse? Economist James Dale Davidson says that a financial bloodbath will hit the USA and there is nothing that Washington can do to stop it. He claims that at least 57 nations have gotten together to dethrone the US dollar as the world’s reserve currency. He claims this can happen any day or in a few months. He mentions China, Russia, the AIIB, and gold. He claims his track record in predicting massive shifts in the past should assure people that he is right about this. He claims that there will be massive unemployment, near elimination of social security benefits, and more. Is James Dale Davidson possibly right on any of this? Dr. Thiel goes over many of his claims and explains what the Bible shows related to the coming collapse of the US dollar. This is a video.
Collapse of the Euro and Dollar? War in 2020? Larry Edelson of Money and Markets described aspects of current economic difficulties and explained why he felt matters would get a lot worse. He said war, like World War III, could break out as early as 2020. What did he call the ‘granddaddy of all cycles”? Will matters go as he said? What does the Bible teach? Dr. Thiel provides biblical insights that secular sources often miss. This is a video.
Preparing for the ‘Short Work’ and The Famine of the Word What is the ‘short work’ of Romans 9:28? Who is preparing for it? Here is a link to a related video sermon titled: The Short Work.
The Final Phase of the Work What is the final phase of the work? Who will lead it? Do you have the courage to support it? Here is a related YouTube video titled The Final Phase of the Work. The written article has been translated into Spanish La Fase Final de la Obra.
Christian Repentance Do you know what repentance is? Is it really necessary for salvation? A related sermon is also available titled: Real Christian Repentance.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
When Will the Great Tribulation Begin? 2017, 2018, or 2019? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2016 o 2017? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives and Can the Great Tribulation begin before 2020? A shorter video is: Will the Great Tribulation Start in 2017?
Two Horned Beast of Revelation and 666 Who is 666? This article explains how the COG views this, and compares this to Ellen White. Here is a link to a prophetic video Six Financial Steps Leading to 666?
The Mark of Antichrist What is the mark of Antichrist? What have various ones claimed? Here is a link to a related sermon What is the ‘Mark of Antichrist’?
Mark of the Beast What is the mark of the Beast? Who is the Beast? What have various ones claimed the mark is? What is the ‘Mark of the Beast’?
Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous. A related sermon is titled Ten Kings of Revelation and the Great Tribulation.
World War III: Steps in Progress Are there surprising actions going on now that are leading to WWIII? Might a nuclear attack be expected? What about WWIV? Does the Bible promise protection to all or only some Christians? How can you be part of those that will be protected? A related video would be Is World War III About to Begin? Can You Escape?
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2024 or 20xx? There is also a video titled The 6000 Year Plan: Is the end of humanity’s reign almost up?
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold?
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be Barack Obama and the State of the Apocalypse.
Are You Being Called by God? Norman Shoaf wrote various points to consider.
When You Sin: Do You Really Repent? This is an article by Charles F. Hunting. A related sermon is Confess to God and truly repent.
The Gospel of the Kingdom of God This free online pdf booklet has answers many questions people have about the Gospel of the Kingdom of God and explains why it is the solution to the issues the world is facing. Here are links to three related sermons: The World’s False Gospel, The Gospel of the Kingdom: From the New and Old Testaments, and The Kingdom of God is the Solution.