Except for the one thing they have ignored..."The hand of the Lord."
The king's heart is in the hand of the LORD, as the rivers of water: he turneth it whithersoever he will. Prov.21:1
Common Sense Commentary:“If Americans ever allow banks to control the issue of their currency, first by inflation and then by deflation, the banks will deprive the people of all property until their children will wake up homeless” Thomas Jefferson
It isn't just the Investment Banks and Federal Reserve Banks but their Government Partners which are depriving people of the spending power of their money, savings and retirement funds. But, of course, that fits right in with united, Global control by AntiChrist.
What the Rise of Digital Currency Means for You
By Jeff Opdyke, The Soverign Investor
Say goodbye to George and Abe. Andrew and Ben, too.
After nearly 1,400 years of use, paper-money is fading away. That means the men who populate your wallet – George Washington, Abe Lincoln, Andrew Jackson and Ben Franklin – are on their way out. In their place, a new kind of currency is emerging – digital currency.
You don’t see it yet on a widespread level, but digital currency is spreading rapidly across other parts of the world and will soon hit a wallet – and a cell phone – near you.
Living Your Financial Life Through Your Cell Phone
Consider Africa, for a moment. What Americans think of as a cauldron of famine, pestilence, corruption and genocidal war is also the birthplace of a financial revolution. You can see it in action every day at the Flomu General Store, in a village near Kenya’s border with Uganda.
Each morning, when the shopkeeper opens the doors to his cinderblock stall, a group of local villagers is already standing in line.They’ve not come for the flour, the sugar or the water. They’ve come to do their banking … because while Kenya ranks among the world’s 30 poorest countries in terms of per-capita GDP, it has become the epicenter of a digital-cash revolution on the verge of spreading globally. Everyone in front of the Flomu General Store carries a cellphone and the store has become their ATM. Through a technology known as M-Pesa – M for mobile; pesa, the Swahili word for cash – the villagers are able to spend, receive and save money simply by sending a text message from their phone.
More than half of the country now uses mobile phones to complete some or all of their banking needs, and they are zipping among themselves a sum of money equivalent to as much as 20% of Kenya’s annual GDP.
The company behind the M-Pesa technology – a company we own inside The Sovereign Individual portfolio – hired the man running the show in Kenya to take the platform global … meaning that digital banking could invade India – one of the world’s largest cell-phone markets – as early as this summer. Egypt is up after that … and then the world.
Effectively, M-Pesa technology – and others like it – allow you to live a financial life through your cellphone, safely, securely and conveniently … even when you’re in the middle of nowhere in Kenya.
Technology that’s Roaring Across Underdeveloped Nations
The British news agency reported just last month that “whether you want to pay a friend or your window cleaner, [digital cash is] laying that foundation to enable mobile payments to become a mainstream option.”
In short, digital currency will girdle the globe and become a service embedded in just about every cell phone in just about every country in the world. By 2015, global mobile transactions could exceed a projected $3 trillion annually.
As in Kenya, the death of hard currency has already begun in some places. Payment by cell phone has existed for years in countries such as Norway and Japan – where with a mobile phone held against a vending machine you can buy a soft-drink without ever touching a coin or a bill.
And though most Americans still rely on currency, even in the U.S. most of the cash is digital already. Just one of every $10 exists as a paper bill. In other words, the vast majority – 90% of the dollars created – are purely digital.
Even the money the Federal Reserve has been “printing” in recent years is more ethereal than physical. Ben Bernanke recently told CBS News: “People talk about the printing press. That’s not what this is about.” It’s about creating virtual money that can be created and erased with keyboard strokes.
And, in a darker context, it’s the ability of
government to track money flows.
For instance, one of the biggest challenges Europe faces with its current financial struggles is that Greek and Italian individuals and businesses are notorious for shirking their tax obligations. No one can easily trace the all-cash transactions that are commonplace in both countries.
A digital currency makes that much easier. Prying government eyes can see exactly how much a consumer spends and at which store – allowing tax authorities to compare an individual taxpayer’s spending pattern with reported income, and comparing a business’s reported income with the electronic receipts created during the year.
Like it or not, though, digital cash is the future. End of article.
It's only logical. It will eliminate the inconveniences of dealing with cash... losing it, having it stolen, tax fraud, uncontrolled spending, buying or selling illegal drugs, cash wears out and has to be replaced at great expense, no postage costs or check writing to pay bills, digital buying and selling is quick, convenient, inexpensive and under the watchful eyes and control of government. All very convenient to a single world government and all powerful leader. Guess who. RB
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