Martin Armstrong on the Coming Cashless Society

[Lazarus Short]

[I'm posting this as being relevant to the Biblical warning about the Mark of the Beast, buying & selling, etc.]



The Coming Cashless Society

Posted on May 28, 2015 by Martin Armstrong   


You are now watching newspapers, TV shows, and other forms of media preparing for the coming cashless society. This is a marketing campaign, and may indeed be what October 1, 2015 is all about – 2015.75. I doubt that the USA will be able to move to a cashless society as easily as Europe. The dollar is used around the world and cancelling that outstanding money supply would bring tremendous international unrest. Additionally, the USA is not in crisis financially, as is the case in Europe.
Europe, on the other hand, has an entirely different problem. The failure to have consolidated the debts of member states meant that the reserves of the banks were constituted from a politically correct mixture of debt. Instead of fixing the problem, politicians who are lawyers always move one-step forward with laws. To them the logical solution is to eliminate cash to protect banks from a panic run that would collapse Europe and take Brussels with it.
This is now a deliberate marketing campaign. I know how these things work and pay attention. They are selling this idea everywhere and that is the preparation for the inevitable action. With the speed at which they are moving, it certainly appears they are gearing up for October 1 on our model. It is also interesting that some German press misquoted our date as October 17. I was not sure why they would do that, but perhaps that was intentional as well. This is very curious, for when they take that final step, it will most likely be sudden and overnight. They would announce it and give everyone some time frame to take their paper currency and deposit it into their bank accounts.
For European readers, swap to dollars for hoarding and you can open accounts in the U.S., which for now is a safety valve. While gold makes sense for local hoarding, it may have lost its movability.

[joeteekay]

Martin Armstrong is a very clever financial person. He developed what is called the "Economic Confidence Model".
With it he predicted many financial/economic turning points in the world. He predicted the 1987 stock market crash, the stock market crash in Japan in 1989, the tech bubble crash, etc. Now he is predicting a major economic upheaval in October.
His model is based on the number PI (3.14.......). I have seen his predictions come true in the past, so this should be interesting.

:eek:

[Jock]

Hi Lazarus

Interesting post. Actually, I have seen this "cashless society" coming for years now. I live in Scotland/Europe and I see it shaping up here. What will replace cash? Perhaps a card to begin with. They have cards here that you just wave over the reader, pretty sinister. They can use the cloud to place data. Technology is an enemy. The sheeple will just do what they are told, God will supply for His sons.

Would like to hear more of your thoughts on this.

Shalom :Peace2:

Jock