Indian Prime Minister, Narendra Modi, has called for the nation to become a cashless society.
Mr. Modi urged his country’s small traders and daily wage earners to embrace digital payments.
Speaking in his monthly address on national radio, Mr. Modi said the government understands millions have been affected by the ban on 500 and 1,000 rupee notes, but defended the policy.
The move is an attempt to fill Mr. Modi’s election promise of curbing tax evasion and unaccounted wealth. Read more here.
Indian government official, Amitabh Kant, on the Benefits of a Cashless Society (video below), says “India should really aim to be a cashless, and a paperless society by 2025.”
Kant states all of India’s transactions should be “doable” through its vast supply of biometrics and cellular phones, rendering credit cards, debit cards, Posh machines and, even ATM machines, unnecessary.
American evangelist and Christian writer, Hal Lindsey, speaks of a “Prophesied Cashless Society,” in a 2009 issue of the WND:
The Book of the Revelation foretells the events that will take place during the final seven years of human government before the Second Coming of Christ. It records the judgments of what popular culture has come to call the Four Horsemen of the Apocalypse.
One of these judgments is symbolized by the rider on the black horse: “When the Lamb opened the third seal, I heard the third living creature say, ‘Come!’ I looked, and there before me was a black horse! Its rider was holding a pair of scales in his hand. Then I heard what sounded like a voice among the four living creatures, saying, ‘A quart of wheat for a day’s wages and three quarts of barley for a day’s wages, and do not damage the oil and the wine!” (Revelation 6:5-6 NIV)
The symbols of wheat and barley are representative of a day’s food and a denari was a day’s wage for an average worker. The oil and the wine are symbolic of a wealthy man’s food. So in that day, it will cost all of a workingman’s wages to buy a day’s food. However, the wealthy will be relatively unaffected during this judgment. This is a textbook description of a modern economic depression.
During Revelation’s predicted Tribulation period, the global system will be presided over by a single political authority in the person of the antichrist. The Apostle John forewarns that his control over the economy will be absolute: “He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name.” (Revelation 13:16-17 NIV).
Pray for the salvation of our world, as technology marches on, and signs of the end times continue to emerge.