On Sun, 22 Oct 2006 09:10:04 +0000, "George Pope"
 wrote:

>On (21 Oct 06) Bob Ackley wrote to George Pope...
> BA> Not really.  The government in this country already wants to do away
> BA> with
> BA> currency and get everyone to switch to electronic transactions.
> BA> Currency
> BA> transactions are anonymous and electronic transactions aren't.  And
> BA> that's why.
> BA> Implanted RFID chips would facilitate electronic transactions.
> BA> Including
> BA> tracking of a person's location and of what a person purchases.
 
You are correct. The Gov't will probably begin with the National ID
Card, which will be loaded with credits from your income sources, and
debited with a swipe whenever you buy something. It actually is much
easier than using money, but as you mentioned, everything you earn and
buy is recorded in a National ID (Government) database.  How will one
buy and sell drugs if there's no cash?  The black maketeers will have
to start a barter system with gold or some other valuables and go back
to trading items of value with each other.  That was how the first
monetary system started anyway.

In summary, we don't need paper money,  as it's worthless.  All it is,
is a note payable owed to the Federal Reserve by the Government.

Since the Gov't is running at more than a 4 trillion dollar deficit,
the notes will never be repaid, anyway.  Debiting and crediting a
national ID card or a chip has the same value as exchanging worthless
paper.

> BA>  GP> Do you suppose the government, with the widespread forewarning
> BA> from
> BA>  GP> Revelations, could get away with requiring such without being
> BA> marked
> BA>  GP> as "the Beast" and hunted unmercifully to
death by every
> BA> religious
> BA>  GP> whacko & some?

Some believe this has to do with the "mark of the beast", but I
believe the Bible in the same manner I believe the Gov't. (-:
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