A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers In New York - Michael Snyder THE ECONOMIC COLLAPSE BLOG

A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers In New York Posted: 02 May 2016   Michael Snyder  THE ECONOMIC COLLAPSE BLOG Last month, a “secret meeting” that involved more than 100 executives from some of the biggest financial institutions in the United States was held in New York City.  During this “secret meeting“, a company known as “Chain” unveiled a technology that transforms U.S. dollars into “pure digital assets”.  Reportedly, there were representatives from Nasdaq, Citigroup, Visa, Fidelity, Fiserv and Pfizer in the room, and Chain also claims to be partnering with Capital One, State Street, and First Data.   This “revolutionary” technology is intended to completely change the way that we use money, and it would represent a major step toward a cashless society.  But if this new digital cash system is going to be so good for society, why was it unveiled during a secret meeting for Wall Street bankers?  Is there something more going on here than we are being told? None of us probably would have ever heard about this secret meeting if it was not for a report in Bloomberg.  The following comes from their article entitled “Inside the Secret Meeting Where Wall Street Tested Digital Cash“… On a recent Monday in April, more than 100 executives from some of the world’s largest financial institutions gathered for a private meeting at the Times Square office of Nasdaq Inc. They weren’t there to just talk about blockchain, the new technology some predict will transform finance, but to build and experiment with the software. By the end of the day, they had seen something revolutionary: U.S. dollars transformed into pure digital assets, able to be used to execute and settle a trade instantly. That’s the promise of a blockchain, where the cumbersome and error-prone system that takes days to move money across town or around the world is replaced with almost instant certainty. So it is not just Michael Snyder from The Economic Collapse Blog that is referring to this gathering as a “secret meeting”.  This is actually how it was described by Bloomberg.  And I think that there is a very good reason why this meeting was held in secret, because many in the general public would definitely be alarmed by this giant step toward a cashless society.  Here is more on this new system from Bloomberg… While cash in a bank account moves electronically all the time today, there’s a distinction between that system and what it means to say money is digital. Electronic payments are really just messages that cash needs to move from one account to another, and this reconciliation is what adds time to the payments process. For customers, moving money between accounts can take days as banks wait for confirmations. Digital dollars, however, are pre-loaded into a system like a blockchain. From there, they can be swapped immediately for an asset. “Instead of a record or message being moved, it’s the actual asset,” Ludwin said. “The payment and the settlement become the same thing.” Why this is so alarming is because we are seeing other major moves toward a cashless system all over the planet.  In Sweden, 95 percent of all retail transactions are already cashless, and ATM machines are being removed by the hundreds.  In Denmark, government officials actually have a stated goal of “eradicating cash” by the year 2030.  And in Norway, the biggest bank in the country has publicly called for the complete elimination of all cash. Other nations in Europe have already banned cash transactions over a certain amount. Here are just a couple of examples… As I have written about previously, cash transactions of more than 2,500 euros have already been banned in Spain, and France and Italy have both banned all cash transactions of more than 1,000 euros. Little by little, cash is being eradicated, and what we have seen so far is just the beginning. 417 billion cashless transactions were conducted in 2014, and the final number for 2015 is projected to be much higher. The global push toward a cashless society is only going to intensify, because banks and governments both tend to really like the idea of such a system. Banks really like the concept of a cashless society because it would force everyone to be their customers.  There would be no more hiding cash in a mattress at home or trying to pay all of your bills with paper money.  Under a cashless system, we would all be dependent on the banks, and they would make lots of money whenever we swiped our cards or our “chips” were scanned. Governments see a lot of advantages in a cashless society as well.  They tell us that they would be able to crack down on drug dealers, tax evaders, terrorists and money launderers, but the truth is that it would enable them to watch, track, monitor and control virtually all of our financial transactions.  Our lives would become open books to the government, and financial privacy would be a thing of the past. In addition, the potential for tyranny would be absolutely off the charts. Just imagine a world where the government could serve as the gatekeeper for who is allowed to use the cashless system and who is not.  They could require that we all submit to some sort of government-issued form of identification before being permitted to operate within the system, or it is even conceivable that a loyalty oath would be required. Of course if you did not submit to their demands, you could not buy, sell, open a bank account or get a job without access to the cashless system. Hopefully people can understand where this is going.  Paper money is a very important component of our freedom, and if it is taken away from us that will open the door for all sorts of abuse. Even now, cash is slowly being “criminalized” in America.  For example, if cash is used to pay for a hotel room that is considered by federal authorities to be “suspicious activity” that should be reported to the government.  Of course it isn’t against the law to pay your hotel bill in cash just yet, but according to the government it is something that “terrorists” do so it needs to be closely watched. It doesn’t take a whole lot of imagination to see where all of this is going.  And for those of us that understand what time it is, this is a clear indication that it is getting late in the game. *About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog. Michael’s controversial new book about Bible prophecy entitled “The Rapture Verdict” is available in paperback and for the Kindle on Amazon.com.*

When Your Faith Is Rocked - The Sure Foundation. - Now Think On This by Steve Martin

When Your Faith Is Rocked

- The Sure Foundation

Now Think On This

Steve Martin

"Therefore whoever hears these sayings of Mine, and does them, I will liken him to a wise man who built his house on the rock: and the rain descended, the floods came, and the winds blew and beat on that house; and it did not fall, for it was founded on the rock. But everyone who hears these sayings of Mine, and does not do them, will be like a foolish man who built his house on the sand: and the rain descended, the floods came, and the winds blew and beat on that house; and it fell. And great was its fall." (Matthew 7:24-27 NKJV)

We have before us a profound, graphic picture of what Jesus was saying in teaching this foundational truth, every time a fierce Atlantic Ocean hurricane hits the nations, or a Pacific tsunami batters an Asian or American rim. Homes built along and upon those coasts are shattered and washed away. The sandy beaches, with little protection from the mighty winds and roaring waves, provide little security. Even those massive houses sitting atop awesome cliffs, overlooking the beautiful Pacific Ocean such as California’s coastline, fall into the sea as the rock and soil beneath them give way.

It amazes me when I see the many news stories of people who have built their houses along the coasts. Have they not read Jesus’ word? I sense they have not. To hear them then speak about losing all can break one’s heart for them. The foundation they had trusted in, and put their hopes on, is now gone. They have nothing left.

As realistic as this picture is portrayed in the natural realm, so it is most certainly true in the spiritual realm. How many of us have put our trust in those systems, those “ways of men” that so many living in the world have come to depend on, only to see them shaken and taken out from under them. 

How many of us still trust in the “almighty dollar”, the worldwide banking system, the savings accounts and the 401(K) plans that we, in our human wisdom, have established, believing that when that time comes to have them, they will be there.

In these uncertain times, I suggest we make certain of the foundation we are relying on. Will it stand when the shaking comes, which in fact has already started? Is our trust in man’s ways going to be upheld when the Creator begins shake ALL that can be shaken? What will hold up in that time? What is holding you up now?

Many voices are trying to get our attention to “trust in me”. Are you believing in the bankers, who conduct their daily, powerful business in those 30-70 story uptown buildings, proudly proclaiming in their self-promotion pride, “Look what I have built”? Just a look back on 9/11 should give you some indication of just how fast those mighty buildings can come down. And to think, it only took a single plane to do it, after it took decades of time to build those 100+ stories of steel and cement.

“So don't turn a deaf ear to these gracious words. If those who ignored earthly warnings didn't get away with it, what will happen to us if we turn our backs on heavenly warnings? His voice that time shook the earth to its foundations; this time — he's told us this quite plainly — he'll also rock the heavens: "One last shaking, from top to bottom, stem to stern." The phrase "one last shaking" means a thorough housecleaning, getting rid of all the historical and religious junk so that the unshakable essentials stand clear and uncluttered.

Do you see what we've got? An unshakable kingdom! And do you see how thankful we must be? Not only thankful, but brimming with worship, deeply reverent before God. For God is not an indifferent bystander. He's actively cleaning house, torching all that needs to burn, and he won't quit until it's all cleansed. God himself is Fire!” (Hebrews 12:25-29, THE MESSAGE)

This world and its systems, set up apart from the Creator of the Universe, are being shaken. The Lord Jesus Himself prophetically spoke it would occur two millennium ago. It is happening now.

Some do and will continue to refuse to believe it. Continuing on as if all will be well, with our head in the sand, will only cause the hurt to be more substantial when it happens in your neighbor’s or a member of your family’s life. Or even yours.

The only faith that will sustain you in these coming years is the one faith built on the Solid Rock, that which has been established by the Lord Jesus Christ. He is calling us to wake up, get ready by knowing and hearing His voice, and then walking in the instruction He will give to us. He is speaking now. Are you one who is listening, and heeding His Holy Spirit's words?

Trusting in anything or anyone else will prove to be deadly. Trusting in Him will be the salvation of our spirit, soul and body.

Please don’t be led astray by those who would say, “All is well. We will fly away in the sweet bye and bye.” It will not be well with your soul if you are counting on that to take you out of here, to be the escape route at the end.

When your faith is rocked, only faith in The Rock will stand.

Now think on this,

Steve Martin

Founder

Love For His People, Inc.

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Now Think On This - In the New Year of our Lord 02.06.16 - #241 –“Sure Foundation” – Saturday at 8:45 am

All previous editions of Now Think On This can be found on this Blog, and on the website: Now Think On This

Again, I would be most grateful if you'd share this encouraging word with your family and friends. You can easily use the social media icons below. Thanks! Steve