Would gold and silver loose their value in a cashless system?
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In my understanding, it would still have its rated value. You can still purchase with it. But they will not print or make more. So the circulation would stop.
But the only economical explanation I can find without conspiracies was that the coin shortage was due to COVID as lockdowns the businesses and people out of work wasn't returning the coins back in circulation.
People have been trying to popularize things like Bitcoin or online cryptocurrency.
I'm no expert on this, but if any systems isn't backed by actual tangible objects we consider as wealthy then I do not like it.
So if that is the end goal then it can be bad. But we already have congress who increases the debt like we dont need wealth to print more cash. More cash without a healthy economy creates inflation and as the value of the dollar drops, the dollar becomes less and less.
But the only economical explanation I can find without conspiracies was that the coin shortage was due to COVID as lockdowns the businesses and people out of work wasn't returning the coins back in circulation.
People have been trying to popularize things like Bitcoin or online cryptocurrency.
I'm no expert on this, but if any systems isn't backed by actual tangible objects we consider as wealthy then I do not like it.
So if that is the end goal then it can be bad. But we already have congress who increases the debt like we dont need wealth to print more cash. More cash without a healthy economy creates inflation and as the value of the dollar drops, the dollar becomes less and less.
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look up FIAT currency.
this has been around since govt federal reserves started controlling the amount of money available.
This is linked to IMF (international monetary fund) and the World Bank. Both these are headquarted in Washington DC.
It often blamed for making rich nations richer and poor nations poorer, because it lends to poorer nations who have no way of paying it back, charging insane interest. Even if the poorer countries had gold they wont accept it. It has to be converted into american dollars.
this has been around since govt federal reserves started controlling the amount of money available.
This is linked to IMF (international monetary fund) and the World Bank. Both these are headquarted in Washington DC.
It often blamed for making rich nations richer and poor nations poorer, because it lends to poorer nations who have no way of paying it back, charging insane interest. Even if the poorer countries had gold they wont accept it. It has to be converted into american dollars.
seems like some of the ulterior motive in lending to poorer countries is to make them dependent on them (US) which is a little different from colonisation but still insiduous. Often it lends moneys that is misused for questionable projects that might start with good intentions but prove useless.
If US was really charitable it wouldnt do this and wipe all debts. But no, it wants to make a profit from it instead. somewhat less direct than invading, taking over and confiscating land.
If US was really charitable it wouldnt do this and wipe all debts. But no, it wants to make a profit from it instead. somewhat less direct than invading, taking over and confiscating land.
No.. They would still have value.. Gold silver and land are commodities.. that can be bartered for other commodities.. Buying and selling are linked solely to currency.. When the mark of the beast comes into being the currency will be cashless and electronic and totally controlled by the system.. People will need the mark to buy and sell.. Without it they will have to either barter or beg or live of the land..
Come the rise of the Antichrist, and when his mark is established, no believer will be concerned with anything other than pleasing our Maker. They willl not worry about not buying and selling, for they will literally lose their heads. Uh-oh, did I speak against the doctrine of a pre/trib rapture? I guess I have.
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We are actively looking for 10+ acres of land within a 2hr drive, that a camper could go. Seeing the handwriting on the wall, we bought a little precious metals about 10 yrs ago. EVERYTHING surrounding survival of thefascism to come are only temporary measures. The Bible doesn't say land, or gold is going to be a safe haven for the antichrists reign of terror against Christians.
Maybe certain areas of Jordan, if you interpret Scripture a certain way will be.
But (physical) life itself is temporary, so whatever get's us through to the next day, AND HELPS OUR BRETHREN, is worth doing. Ultimately, as we all know, it is the Lord who provides.
Maybe certain areas of Jordan, if you interpret Scripture a certain way will be.
But (physical) life itself is temporary, so whatever get's us through to the next day, AND HELPS OUR BRETHREN, is worth doing. Ultimately, as we all know, it is the Lord who provides.
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things, goods or services, have economic value because they are desired and someone is willing to give something up in order to have them.
neither the existence nor the form of currency removes value, tho things like abundance or scarcity & paucity or wealth affect just how much has to be traded for the thing that is valued
people value gold and land; they desire it and would give things for it -- that remains true no matter what kind of money a society uses
neither the existence nor the form of currency removes value, tho things like abundance or scarcity & paucity or wealth affect just how much has to be traded for the thing that is valued
people value gold and land; they desire it and would give things for it -- that remains true no matter what kind of money a society uses
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Ah, gotcha. My reason for commenting was the fact that suddenly there is a coin/change 'shortage', and many folk do not even carry cash anymore. Just seems like society is gravitating toward going cashless, and with credit/debit cards already used for everything and anything, makes me believe it is around the corner soon. Even cell phones are being used! That is something never thought would see.
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Here in Spain people are using their bank and credit cards at stores more than ever do to the covid19. I have had an idle bank card for over a decade, almost two having kept it currrent I am using it now because people are almost afraide to touch money, however I have heard that the virus is not spread in that manner, who knows?
When the world monetary system(s) fail completely, then watch for the Beast will eithr be in power or at the thresh hold.
When the world monetary system(s) fail completely, then watch for the Beast will eithr be in power or at the thresh hold.
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we had an evangelist in nz ...if I can remember the name I will post it, who published several books about the end times in the 80s.
most of the books were about the beast 'system' or new world order.
I remember it saying that as well as cashless system the world would divided into ten zones. (like the kingdoms of clay and iron) or the heads of the beast.
the way countries are divided today are according to colonial empires and economic zones. Africa is like that, before the british empire and the dutch got there it was self governing under various tribes, and they didnt divide the land into square patches, but according to rivers and mountains and forests, depending on where food source was.
You see the NWO in microcosm today in cities where councils amalgamate and businesses merge to become bigger. unification and centralisation do make things easier (and the few at the top become extremely rich through doing so) but also can mean less autonomy for the people.
most of the books were about the beast 'system' or new world order.
I remember it saying that as well as cashless system the world would divided into ten zones. (like the kingdoms of clay and iron) or the heads of the beast.
the way countries are divided today are according to colonial empires and economic zones. Africa is like that, before the british empire and the dutch got there it was self governing under various tribes, and they didnt divide the land into square patches, but according to rivers and mountains and forests, depending on where food source was.
You see the NWO in microcosm today in cities where councils amalgamate and businesses merge to become bigger. unification and centralisation do make things easier (and the few at the top become extremely rich through doing so) but also can mean less autonomy for the people.