New World Order and One World Currency

[Ralph-]

Looking at matters from a financial point of view (as we both know, one can buy with money/assets they own, or one can buy on credit), I wonder, can a "Global Currency", especially in the world of digital money, could such a system make a person always in debt? Imagine a system of commerce where people who are buying, are always buying on credit, and never able to pay off the debt incurred?

My understanding is the new global digital 'crypto' currency will not be credit extended to you but will be money you actually have earned and possess in digital form and is in an account with a central bank.

The electronic crypto 'dollar' represents actual money you have, but which can only be paid to you and accessed through digital transfers. That is assuming the bank will let you do that. That's the scary part. Digital currency is how the world will come under control of the one world order globalist's agenda, what we Christians know as the system of the beast. It will control everyone with a system of crypto dollars that they transfer to and from people according to their will and which serves their purposes, not ours.

Actually, the truly scary part is the globalist's are doing this not only to guard and protect their wealth and affluence, but also to protect various 'activities' they practice in this life. And anyone who gets in the way is not going to fare very well.

Don't lose sleep over it. Just roll with it. It's going to happen. God said so.

 

[Ralph-]

Nothing can "make a person in debt" except
spending money they haven't earned yet.
Debt is, by definition, borrowed money.
No borrow, no debt.
Nobody is forced to borrow money.
People borrow because they lack discipline.

The world's need for and dependence on debt is how the world is being staged to accept the globalist agenda of a one world digital monetary system.

 

[Inquistor]

Gold would not work as a standard anymore anyway. There are too many people who use it for nearly all decent technology. There's not much gold in the world & silver, though more widely available, is used even more than gold for technology.

That's probably why people use Monopoly money.

Gold is a precious metal which will not corrode. Silver is far less durable, while left untouched for long periods of time.

 

[Inquistor]

The world's need for and dependence on debt is how the world is being staged to accept the globalist agenda of a one world digital monetary system.

Ah, yes ... the mark of the beast (embedded in your hand or in your forehead)! The FORERUNNER of that is already here, in credit cards ... with a "CHIP" in them!

 

[Zmouth]

A man wins $5,000,000 dollars and ends up with $150,000 in debt?

That is often the scenario that plays out for many winners of the lotto.

To say it wouldn't happen to you would mean you would know the reason why it happened to them, and that is a question you can ask yourself, "Do I know what caused them to end up in debt".

It's more likely you'll get struck by lightning than win the Powerball — but if you do win, there is an even better chance that you'll go broke. Nearly 70% of lottery winners end up bankrupt within seven years.

LOL, it wasn't because they spent more money than they had, a person can only go broke spending all their money. Ending up in debt and filing bankruptcy is another thing.

 

[Tommy379]

You also don't need a driving license for personal use, only commercial. But try that in court & they'll still probably jail you.

You must be one of those sovereign citizen nut jobs, I have to drag out of their car from time to time.

 

[oldethennew]

wonder if anyone has any idea of 'who' started', yet another 'spell-binder'?!?!

 

[Magenta]

They want you in debt because they get more money.

Being in debt brings with it a loss of freedom, also

"Neither a borrower nor a lender be!" Best to be free.

Credit cards were originally introduced as a convenience, but in today's world they are needed for identification purposes and promises to pay, since nobody can be taken at their word any more.

 

[oldethennew]

yes, the whole world will be bled for all it is worth -
this will make sense to those who believe..

 

[Alertandawake]

Another thing with the banks, apart from this interest upon interest concept (the borrower if poor will most likely never pay off the debt). Look at the banks today, and their credit cards, depending on the account type, if you fail to pay a minimum amount per month, there is chance of late payment fee, on top of the interest you pay back, on top of that, the interest on the interest.

Play around with some of these loan calculators. Housing loans for example, if a person borrows $200,000 on a repayment plan of 30 years, depending on the interest rate, come 30 years, you could end up paying back double, if not more. But what if the housing market value goes downhill, properties becoming devalued for some reason, people losing jobs, people cannot pay mortgage, banks repossessing properties, the borrower could still end up being in debt even if the banks take possession of the properties.

For housing loans it is not uncommon for parents to act as a guarantor, but they should really think hard on this.

 

[Zmouth]

Nothing can "make a person in debt" except
spending money they haven't earned yet.
Debt is, by definition, borrowed money.
No borrow, no debt.
Nobody is forced to borrow money.
People borrow because they lack discipline.

LOL, I take it that you don't own any real property. Debt by definition is not specifically limited money owed due to borrowing money. I owned my property, unencumbered, yet each year I become indebted from taxes levied against the property.

debt: something, typically money, that is owed or due.