The world's big money men have a problem. How can they enslave more people by having them take on more debt when the state of the economy has everyone hording their cash? The dominant Keynesian economic theory says that governments can stimulate the economy by increasing the money supply making cash easier to come by through lower interest rates.
We have had interest rates near zero for several years now and we are still in a global recession despite the deceptive statistics and optimistic rhetoric from the mainstream media. It is not politically correct to consider the fact that Keynesian Economics just does not work. It never has worked but the Big Government advocates support it as being the only solution to recessionary woes because it does enable the ruling elites to have more control over the economy.
If the government really wanted to stimulate the economy, they should reduce the taxes imposed on the people who pay taxes thus giving them more disposable income. This has worked to stimulate the economy every time it has been tried but is maligned by the progressives because it means giving the rich a break. We know that the ruling elite in the U.S. really don't care about the state of the economy because our national debt is $18 trillion and growing with no end in sight. True stimulation of the economy with reduced taxes would actually end up bringing in more tax revenue and help reduce the debt. But the ruling elite's objective is not really about freeing the people by giving them a robust economy, it's more about power; they are pursuing more creative ways to control the people.
So since we are effectively at zero interest rates on money loaned to banks, what are the Keynesian economists to do? Well, they can double down on their failed policies by imposing negative interest rates on savings effectively charging savers a fee for the service the bank performs to warehouse their money. The Keynesian theorists believe negative interest rates will stimulate the economy because savers will be losing money the longer they keep it in the bank thus making them more inclined to take it out and spend it on something.
There is one big problem with negative interest rates: people will stop using banks because their hard-earned savings will retain more value as cash in a home fire safe than in a bank. This problem for the Keynesian economists has them fantasizing about the end of currency. If all financial transactions were electronic, some financial institution would have to be involved and thus be able to take their cut and charge their negative interest service fees on the virtual money.
Banks in Europe have already been experimenting with negative interest rates. These policies will come to America where use of cash is already being limited. It has been more than a little challenging to buy an airline ticket or rent a car using cash for some time. And Louisiana has recently passed a law banning the use of cash in all transactions involving second-hand goods. Ostensibly, this was done to thwart criminals trafficking in stolen goods but the new law will have a more far-ranging impact than just criminals. And it helps condition people to be more comfortable with cashless transactions.
Ultimately, we must have a cashless society so that there may be more centralized control over all transactions. We know this has to happen because the time will come when "no one may buy or sell except one who has the mark or the name of the beast, or the number of his name" (Revelation 13:17, NKJV). So all the developments of society going cashless are just birth pangs foreshadowing the mark of the beast economy that will emerge during the Tribulation.
There are so many developments setting the stage for the Tribulation going on that it is amazing we still have people scoffing about the Lord's soon return. It is pretty obvious to all with a true biblical worldview that we are the generation who will see Jesus again walk the earth. This is not just my interpretation as scoffers will rationalize, it is what the Bible says in Matthew 24:32-35.
"Those who trust in their riches will fall, but the righteous will thrive like a green leaf" (Proverbs 11:28, NIV).