9 Major Risks of a Cashless Society (in a Cashless Society, Theft Will Occur Online and in Far Larger Amounts Than Cash Heists!)

The cashless society is a necessary step in preparation for the mark of the beast.

The mark of the beast, btw, is a concept based on a couple of short passages from The Revelation (end of chapter 13 and start of chapter 14), which say that there will eventually be a one world government just before Jesus returns, and the spiritual leader of that government will cause people everywhere to get a mark put in their right hand or in their forehead, without which they will not be able to buy or sell.

What we have used for centuries for buying and selling is cash (or checks). We have also progressed to credit cards.

So all of these would need to be replaced with the mark, in order for the prophecy to come true.

Is cashless society in World a bad step?

Cashless Means Automatic

If money is easy to spend, it is also easy to take. Convenience can easily become tyranny. Automatic payments that come directly from your bank account illustrate the point.

Also watch this video- Attention: The US is Facing The BIGGEST Threat Of The Century

Below Is First 9 Major Risks of a Cashless Society:

1.Risk of Confiscation

The convenience of digital money that allows you to spend your money more easily, also makes it easier for banks, governments and thieves to take it.The message to depositors is clear- when you put money in a bank you are a creditor of the bank and if it goes bust you are at the bottom of the list of creditors. Your money** will be seized as part of any approved plan, perhaps even before the broke bank files for bankruptcy.

Your bank account can be raided by government authorities, like the Internal Revenue Service (IRS) without notice or reason given. If the IRS believes your bank account deposit and/or withdrawals activity is suspicious and/or may involve a pattern designed to avoid reporting requirements, they may seize your account.

Think your money is safe in the bank? Think again.

2. Risk of Theft

Digital cash a bit of Trap-it can be stolen.Think digital money is safer than cash and can’t be stolen?

3.Crime is Easier

Some actually believe that in a cashless society that crime will go down and drug dealers will go out of business. Think again.

In a cashless society, theft will occur on line and in far larger amounts than cash heists. An online thief never has to confront his victim, commit violence, crack a safe, get past an alarm system, dog or armed guards and carry away his loot. Rather, in a cashless society, the cyber thief merely has to hack the systems where the ‘money” is. The online heist involves no risk of death or threat to the thief’s personal safety and can be done from anywhere in the world.

4. Risk of System Failure

Without cash, the value of currency would have no independent value outside a functioning banking system to which you have access. Your money wouldn ‘work’ without a functioning banking system. If the banking system is down due to a power outage, solar flare, financial crisis, Internet failure, hack or network crash, your money is unavailable and potentially lost. If back up files are lost how do you prove you had $15,000 in your account?

5. Risk of Being Exiled From the System

Even if the digital banking system was 100% fool proof, you may end up being shut out of the system for wrong doing (actual or alleged), bad credit or failure to pay banking fees. Or you may be the victim of identity theft and as a “precaution” your account may be closed. Without access to the banking system, how will you pay your bills and buy items you need?

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6. Results in a Loss of Freedom

While going cashless may be convenient when you choose to buy something, but if a purchase is thrust officiously upon you by government order, your money can be removed from your account to pay for it, conveniently of course. This type of forced convenience results in a removal of freedom of choice of how you may wish to spend your money.

7. Loss of property rights

Property rights are the foundation of a free society. If you don’t have control, ready access or the ability to spend your money when and as you please, you do not really own it.Rather, you are a co-owner with the currency issuer (the bank) who has veto rights over your use of the currency.

8. Loss of Privacy

In a cashless society there is the loss of privacy. Digital money offers the convenience of allowing you to track and budget your money online. Such a system, however, also leaves a permanent digital foot print of where you spent your money, accesible to just about anyone who has access to your account. (crimminal hackers and government agencies). A common objection to this privacy invasion is that “If you have nothing to hide you have nothing to worry about”.

9. Loss of Understanding Value & Responsiblity

Without cash, consumers are no longer market participants that evaluate tangible value based on how much cash they have in their wallets, but mindless spenders without a sense of the value of the items they are purchasing or a sense of understanding of their actual cost after incurring bank and credit card interest fees. (still sky high even after years of zero interest rate policies across the globe).

In a society that uses cash, acts like making change and giving tips provide market participants with a tangible sense of economic value. Children that grow up saving money in piggy banks and counting their pennies, nickels and dimes learn the value of money through the tactil experience of handling money.

A cashless society turns money and value into digital abstractions as defined and controlled by the banks and central planners.