End of Cash: An Assault on Liberty in Europe
On December 7, the European Council approved an European Union-wide maximum limit of €10,000 (roughly us$10,600) in cash payments. A week later, Germany’s top regulator called for global regulation of the cryptocurrency industry “to protect consumers, prevent money laundering, and preserve financial stability,” Reuters reported.
The goal is clear: track what people are spending.
Terrorists and those who finance them are not welcome in Europe. In order to launder dirty money, criminal individuals and organizations had to look for loopholes in our existing rules which are already quite strict. But our intention is to close these loopholes further, and to apply even stricter rules in all EU member states. Large cash payments beyond €10,000 will become impossible. Trying to stay anonymous when buying or selling crypto-assets will become much more difficult. Hiding behind multiple layers of ownership of companies won’t work anymore. It will even become difficult to launder dirty money via jewelers or goldsmiths.
—Zbyněk Stanjura, finance minister of the Czech Republic
A digital euro: Just a month earlier, on November 7, German Finance Minister Christian Lindner signaled his support for introducing a digital euro. Meanwhile, the European Central Bank is getting ready to launch a Central Bank Digital Currency (cdbc).
We don’t know who’s using a $100 bill today, and we don’t know who’s using a 1,000-peso bill today. The key difference with the cbdc is the central bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability, and also we will have the technology to enforce that.
—Agustín Carstens, general manager for the Bank for International Settlements
Absolute control in prophecy: Revelation 13:17 warns, “[N]o man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” This prophecy has been part of much speculation over the years. Even as we are nearing its final fulfillment, few know what the “mark of the beast” truly is. This mystery is explained in Who or What Is the Prophetic Beast?, by Herbert W. Armstrong.
