Negative interest rates hit Scotland: might they also be in your future?

Royal Bank of Scotland sign

The Scots are facing negative interest rates:

July 27, 2016

On Monday, more than 1.3 million Royal Bank of Scotland and Nat West commercial accountholders in the U.K. were notified that they may be hit with negative interest rates on their accounts.

That’s right… they’ll actually lose money by keeping a balance with those banks.

Not content with eliminating interest income that working folks have relied on for decades with zero interest rate policy, the bloodsucking central bankers are after even more of everyone’s hard-earned savings with negative interest rate policy (NIRP).

And that has U.K bank customers up in arms. They thought the perverse effects of negative rates were only for those poor saps in the EU and Japan, where it’s official policy.

But in our globalized world, bad ideas spread quickly. …

If you think this can’t happen in the U.S., you’re comatose.

Negative interest rates are on the Federal Reserve’s radar…

Fed chief Janet Yellen is on record saying, “We’re taking a look at them.”

And Fed member William Dudley says NIRP is “something that we would contemplate as a potential action.” http://dailyreckoning.com/bloodsuckers-coming-cash/

The Brexit vote might have played a role in this. But, other places have already had negative interest rates.

Some believe that one reason that governments will move towards negative interest rates is so they have a cashless society and can take whatever wealth that they want:

May 4, 2016

European governments have been making efforts over the past few years to reign in cash. And governments also have a reason to create a cashless society: digital transactions make it far easier to regulate cash flows in and out of the country, and keep track of who is holding on to what. After all, who digitally transferred money where can be easily tracked—cash on the other hand, generally does not come with GPS. That would allow governments to make policies such as negative interest rates and capital controls potentially more effective. http://fortune.com/2016/05/04/cashless-economy-500-euro/

August 5, 2015

One of the chief proponents of eliminating cash from the system is Ken Rogoff of Harvard University. But along with him are other economists who agree, and who also have major clout with governments and central banks around the world. Larry Summers and Citigroup Chief Economist Willem Buiter, for instance.

Cash is, yes, difficult to track and tax, but it also makes it difficult, if not impossible, for negative interest rates to stimulate the economy.

That’s critical now because deflation is surrounding the globe. In Europe, for instance, the European Central Bank (ECB) has had negative interest rates in effect since June of last year. Currently at -0.2%, if you’re a bank in the eurozone, your “reserves” at the ECB gradually lose value if you don’t lend them out. http://www.moneyandmarkets.com/cash-will-abolished-heres-72623#.VcNbWvnw-s4

Various ones believe that a reason to have negative interest rates is to push people to spend when they do not want to (if they do not ‘buy now’ there funds will buy less in the future).

This would also mean governments will be even more controlling than they are now:

February 8, 2016

Major Bankers are calling for an abolition of money. It may the only fix left, now that quantitative easing is failing. But no one is going to put their money in banks! Not if it means negative interest rates.

Don’t worry. Governments will rise to the occasion and soon will be making cash illegal. People will be forced to put their money in banks or the market, thus rescuing the central governments and the central banks that are incestuously intertwined with them. …

The real purpose of a cashless society will be total control: Absolute Total Control. http://www.americanthinker.com/articles/2016/02/here_comes_the_cashless_society_.html#ixzz3zZPgfFDV

And now, the Royal Bank of Scotland has announced negative interest rates.

The Bible tells a time of greater governmental financial control:

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)

It will be a European power that will fulfill the above prophecy of 666 (watch Can You Prove that the Beast to Come is European?), but others (like the USA) will likely assist in parts of the process with ideas and technology.

This type of prophesied financial surveillance could not have happened during the time of the Apostle John as there was no real way to monitor many financial transactions then (despite the fact that ‘preterists’ believe this was fulfilled almost 2000 years ago, see also The Dangerous Rise of Preterists). The same was true for all the centuries that followed until the late 20th and now the 21st century. But now not only does the technology exist to monitor most financial transactions, the political will is there as well.

We are nearing the time of great distress and even more massive financial monitoring. More and more are publicly calling for it. The increased use of negative interest rates could be a step in that direction.

We are getting closer to the end.

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. In a post he sent me a link to July 13, 2016, James Dale Davidson wrote, “During the next six months, you will see the stock market plummet by at least 50%, real estate will drop 40%, savings accounts will lose 30%, and unemployment will triple. It’s already starting to unfold.” 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.
Cashless society in 2016? Is the world moving towards a cashless society? What are some of the advantages and some of the problems associated with a cashless society? Are there governments planning on implementing steps in 2016 that are encouraging a cashless society? Is the United Nations pushing for this? What about the Bilderberg Group? Are there steps in Europe, Africa, Asia, Australia, Latin America, and North America being taken to move towards cashlessness? Does the Bible tell of a European power that intends to control buying and selling? This is a video.
Eliminate the $100 bill? Various ones, like Harvard economist and Trilateralist Larry Summers have called for the elimination of the USD$100 bill and the 500 Euro note. In Asia, South Korea is heading towards cashlessness by 2020. Electronic currencies are information and subject to monitoring. Did something God inspired the Apostle John over 1900 years ago now able to come to pass? This is a video.
The Snowden Leaks are Leading to the Destruction of the USA Can what happened with the leaks of what the NSA has done help the USA to be taken over? What does the Bible teach that seems to be related to this? Here is a related YouTube video titled Are the Snowden NSA leaks leading to the destruction of the USA?
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 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?
Can those in the USA/UK see the Handwriting on the Wall? Is everything fine in the USA/UK or is it like the days of Noah? Can we learn from the handwriting that appeared on a wall thousands of years ago? Here is a link to a related YouTube video Can you see the ‘Handwriting on the Wall’?
When Will the Great Tribulation Begin? 2016, 2017, or 2018? 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: Can the Great Tribulation Start in 2016?
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’?
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?
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?
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.
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.
The Gospel of the Kingdom of God was the Emphasis of Jesus and the Early Church Did you know that? Do you even know what the gospel of the kingdom is all about? You can also see a YouTube video sermons Why Teach the Kingdom of God? and The Gospel of the Kingdom.
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.
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.
Forbes’ Brexit Monster is the Beast of Revelation Various ones have been properly convinced that there is a plan for a European superstate. Forbes’ writer Tom Worstall wrote that the Brexit vote was about the United Kingdom “not joining the monster of the European Union to come.” The Bible tells of a Beast monster that will arise in the end times in Europe. Dr. Thiel cites news reports, as well as the Old and New Testaments, to show that the monster many fear will arise in Europe, despite the vote by the British to exit the European Union.
Post Brexit Prophecy On June 23, 2016, the voters of the United Kingdom of Great Britain and Northern Ireland (UK) chose to leave the European Union. Now with this BRitish EXIT (Brexit) vote, what is prophesied to happen to the UK? Will the UK do well or be taken over and made slaves? Dr. Thiel explains from biblical prophecies what is ahead for the UK, Europe, and even the USA, Canada, Australia, and New Zealand. This is a video.