Cashlessness and the Mark of the Beast

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February 21st, 2017 at 8:30:04 AM permalink
Pacomartin
Member since: Oct 24, 2012
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Quote: FrGamble
It is a good question and I don't think the Church has ever in an official capacity addressed the issue of what the "mark of the beast" is and if it has any connection to the cashless economy.


Thank you father.

It took the world until about 1990 to create a trillion dollars in fiat currency (banknotes and coins), and it has now jumped a trillion dollars in 2-3 years. I don't see a country reducing it's cash more frightening than production of money.
February 21st, 2017 at 9:24:17 AM permalink
Nareed
Member since: Oct 24, 2012
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What about cashless societies and Ragnarok?
If Trump where half as smart as he thinks he is, he'd be twice as smart as he really is.
February 21st, 2017 at 10:09:35 AM permalink
Pacomartin
Member since: Oct 24, 2012
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Quote: Nareed
What about cashless societies and Ragnarok?


The "mark of the beast" is not about cashless societies per se, but it says that you will not be able to buy or sell without accepting the mark. Many people assume that will be easier in a cashless society.


Cashless society is a feature in many dystopian novels. I remember that it was part of "A Handmaid's Tale", Margaret Atwood's 1985 novel set in a near-future New England, in a totalitarian theocracy which has overthrown the United States government. I see that it is being re-made for Hulu.


The Handmaid's Tale was made into a theatrical release starring Robert Duvall in 1990, and sold less than 1.2 million tickets.
February 21st, 2017 at 10:15:58 AM permalink
Nareed
Member since: Oct 24, 2012
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Quote: Pacomartin
The "mark of the beast" is not about cashless societies per se,


I know. I recall all the "Satanic" rock in the 80s.

I simply wondered if cashless can be retroactively interpreted for one myth, whether it might not work for another.
If Trump where half as smart as he thinks he is, he'd be twice as smart as he really is.
February 21st, 2017 at 1:20:27 PM permalink
Pacomartin
Member since: Oct 24, 2012
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Quote: Nareed
I simply wondered if cashless can be retroactively interpreted for one myth, whether it might not work for another.


There are plenty of people that are deathly afraid of cashless society. At the WEO, another call from a Nobel Laurete economist calling for the USA to end cash.
https://www.weforum.org/agenda/2017/01/the-us-should-get-rid-of-cash-and-become-a-digital-economy-says-this-nobel-laureate-economist.

Mexico seems to be issuing more and more cash, but that is probably related to it's dropping value against the US dollar.


Total banknotes and coin issued per capita in Mexico (in pesos) at end of year and in USD at end of year exchange rate
MXN year USD
4308 2006 $396
4697 2007 $432
5436 2008 $402
5899 2009 $452
6422 2010 $520
7017 2011 $502
7270 2012 $559
7802 2013 $597
8934 2014 $607
10303 2015 $599
February 21st, 2017 at 1:32:11 PM permalink
Nareed
Member since: Oct 24, 2012
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Quote: Pacomartin
There are plenty of people that are deathly afraid of cashless society.


<shrug> I carry little cash with me. If casinos let you buy chips at the table, and credit at the VP machine, with a debit card, I'd manage just fine in Vegas with $10 in cash for a whole day.

Money laundering, though, would become quite difficult.
If Trump where half as smart as he thinks he is, he'd be twice as smart as he really is.
February 21st, 2017 at 2:41:29 PM permalink
Pacomartin
Member since: Oct 24, 2012
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Quote: Nareed
<shrug> I carry little cash with me.


Mexico may very well follow Ecuador's lead and try to introduce an electronic currency. Although, truth be told, the increase in pesos is about 9.1% per year and only averages 4.2% per year when converted to USD.

The USA is increasing it's currency supply by 6% per year when expressed as per capita amount.
February 21st, 2017 at 2:53:56 PM permalink
Nareed
Member since: Oct 24, 2012
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Quote: Pacomartin
Mexico may very well follow Ecuador's lead and try to introduce an electronic currency. Although, truth be told, the increase in pesos is about 9.1% per year and only averages 4.2% per year when converted to USD.


I wonder if Mexico could stop Golden Boy dead in his tracks by adopting the US Dollar as currency....
If Trump where half as smart as he thinks he is, he'd be twice as smart as he really is.
February 21st, 2017 at 5:05:32 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 661
Posts: 7571
Quote: Nareed
I wonder if Mexico could stop Golden Boy dead in his tracks by adopting the US Dollar as currency....


Replacing the 1.37 trillion pesos in circulation of which 78% is 500 and 1000MXN banknotes with US banknotes would be very expensive and politically risky. The President of Ecuador was voted out of office for doing it, but their situation was so desperate that the new government went ahead with the plan.

It might be less risky to simply fix the peso to USD at a nice even number liked 20:1 and permit deposits of US currency directly into Mexican banks or payments to be made with US$20 bill only. But unlike El Salvador where the largest source of income is remittances, Mexican remittances are substantial but no where near the as important to the Mexican economy.

Besides theoretically only the remittances from the 6.5 million illegal Mexican in the USA are in danger of not being able to use legitimate channels..
February 21st, 2017 at 8:13:57 PM permalink
Fleastiff
Member since: Oct 27, 2012
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Mark of the Beast... when a young girl was accused of witchcraft she would be stripped naked and examined to see if she had 'the mark of the best' that she had taken as her lover. I guess that is a good enough excuse to strip a woman naked as any other. Doubt it really had much to do with witchcraft and doubt it had very much to do with currency.

Now its easy to control a civilian population through currency: Japanese issued geographically restricted currency in the Phillipines. And the UK issued geographically restricted gas ration cards and food ration booklets in WWtwo.

An electronic equivalent might be cheaper and more efficient at isolating people.

Either way I don't think this 'mark of the beast' stuff is sufficiently widespread as to provide any sort of incentive or disincentive.
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