‘The End of the 500 Euro Note Could Lead to a Cashless Economy’
The Europeans are eliminating their 500 Euro note:
May 5, 2016
European Union To Cease Issuing The €500 Euro Note: Wrong Decision
The European Central Bank has announced that it is to stop the production and issuance of the €500 euro note in a couple of years.
Forbes’ headline is right that in certain ways this is the wrong decision–but it is in line with prophecy.
Here is something about this from Fortune:
The End of the 500 Euro Note Could Lead to a Cashless Economy
After months of heavy deliberation, the European Central Bank decided Wednesday to phase out the €500 banknote . . .
The move may also signify a greater push into a cashless economy, in which credit cards, digital payments and perhaps, one day, even bitcoin dominate.
“Eliminating the bank note could help temper criminal activity, but in reality the implications are much broader,” analysts from Stratfor wrote in a February research note. “The idea is just the most recent step in an ongoing process moving Europe, and indeed the world, closer to an entirely cashless economy.”
Indeed, 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.
And according to some experts, other high denomination currencies around the world will be next to get the axe.
Peter Sands, former CEO of Standard Charter, predicted in a February paper that the 1,000-Swiss franc ($1,045 USD), 10,000-yen ($94 USD), and $100 note should be the next to go …
Meanwhile, the Scandinavian countries of Denmark, Norway, and Sweden are already leading the way to the cashless society—in part because they can’t keep track of cash, and suspect large portions of their currency are being used for illegal activities. Denmark has even made it a goal to become cashless by 2030. http://fortune.com/2016/05/04/cashless-economy-500-euro/
So, it is becoming increasingly clear to various ones that Europe is moving towards a cashless society and the elimination of the 500 euro note is seen as a step in that direction.
The Austrian designer of the 500 euro note, Robert Kalina, was asked his view about its elimination. Notice how he answered a couple of questions about it (the following is a machine translation from German, with the original German below it):
May 5, 2016
Mr. Kalina, the ECB abolishes the you have designed 500 for allegedly favoring the crime. So you are a terrorist aide …
No, that’s nonsense, of course (laughs). But look: Switzerland has, since 1907, I believe, 1000 francs bills and it would indeed occur to anyone to call the Swiss National Bank as terrorist aide.
So you do not believe in the abolition of the 500-euro note?
No. I do not believe that the abolition of the 500ers change anything. And I really think the abolition problematic. In my opinion, this is a personal restriction of freedom. Cash has always been a symbol of freedom.
5 Mai 2015
Herr Kalina, die EZB schafft den von Ihnen entworfenen 500er ab, weil er die Kriminalität begünstigen soll. Sie sind also ein Terrorhelfer…
Nein, das ist natürlich Unsinn (lacht). Aber schauen Sie: Die Schweiz hat, seit 1907 glaube ich, 1000-Franken-Scheine und es würde ja auch niemandem einfallen, die Schweizer Nationalbank als Terrorhelfer zu bezeichnen.
Sie halten also nicht viel von der Abschaffung des 500-Euro-Scheins?
Nein. Ich glaube nicht, dass die Abschaffung des 500ers irgendetwas ändert. Und ich halte die Abschaffung wirklich für problematisch. Meiner Meinung nach ist das eine persönliche Einschränkung der Freiheit. Bargeld ist immer ein Symbol für Freiheit gewesen. http://www.sueddeutsche.de/wirtschaft/-euro-schein-was-der-schoepfer-des-ers-zu-seiner-abschaffung-sagt-1.2980221
And he is correct that the elimination of the 500 euro note reduces personal freedom.
The USA used to have $10,000 notes, $1000 notes, etc. Now the $100 bill is its largest and people want that gone (watch Eliminate the $100 bill?).
Earlier this year, on the radio, I heard calls for eliminating the US hundred dollar bill and the 500 Euro note supposedly to fight terrorism. But I would like to remind everyone that about 4 decades ago, the USA imposed reporting requirements on financial transactions of $10,000 or more to supposedly stop drug dealers, tax evaders, and terrorists.
But we have more terrorists, no less drugs, and probably as many tax evaders.
Consider, however, that the elimination of cash could lead to the fulfillment of the following prophecy:
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?).
It will likely take computers aided with artificial intelligence to aid in the fulfillment of the scriptures in Revelation 13:15-18, as well as cyber-spying/monitoring. I do believe that cyber monitoring will be used by the European Beast, King of the North, 666 power.
This type of 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 phasing out of the 500 euro note is a step in that direction.
Can you see this?
We appear to be in the time that Jesus referred to as “the beginning of sorrows” (Matthew 24:4-8), which will be followed by the “great tribulation” (Matthew 24:21)–which while not here yet, will include a time of monitoring and control of buying and selling (Revelation 13:16-18).
We are getting closer to the end.
Some items of possibly related interest may include:
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.
Alternative to the US Dollar in the Fall of 2015? Is the US dollar about to lose its dominance as the world’s reserve currency? Does the Bible teach anything about that? Could Porter Stansberry be correct that the International Monetary Fund will announce an alternative to the US dollar in the Fall of 2015? Do Does the IMF, European Union, BRICS (Brazil, Russia, India, China, and South Africa), and other groups want the US dollar dethroned? Are China and other nations doing something to try to make this happen? A written article of related interest is titled: Stansberry: US dollar replacement to be revealed October 20, 2015? What about 2016?
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?
Project Prophecy: Economic Collapse Starting in 2015? Jim Rickards once worked for the CIA and also was once part of a a USA government program called called ‘Project Prophecy.’ He has a video were he claims that starting in 2015, the USA may have economic collapse resulting in a 25-Year Great Depression. He mainly cites debt figures and claims advises alternatives to the USA dollar which he says will collapse? What did Rand Paul state? Can the USA dollar collapse? This is a video.
Market Collapse then New World Order in 2015? A long-time financial adviser named Harvey Organ claims that claims that because of insufficient gold in the central banks of USA and UK, that Shanghai would bring about exposing this and that this would lead to a massive, overnight, rise in the price of gold and silver, diminished value of their currencies. He states a market collapse will occur before the end of 2014, that the petroyuan will replace the petrodollar, and that a Chinese led New World Order will be in place for 2015. Is this possible? Where does the leader of the ‘New World Order’ come from? What does the Bible teach? This is a video.
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 video: The Great Tribulation from the Mount of Olives. 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? 2023 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 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? True religion should be based upon the true gospel.
Did The Early Church Teach Millenarianism? Was the millennium (sometimes called chiliasm) taught by early Christians? Who condemned it? Will Jesus literally reign for 1000 years on the earth? Is this time near? A related sermon is titled The Millennium.
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.
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