Israel To Approve 3 Step Plan Towards Becoming World’s First Cashless Society

A special committee headed by Prime Minister Benjamin Netanyahu’s chief of staff, Harel Locker, has recommended a three-phase plan to all but do away with cash transactions in Israel....
israel-worlds-first-cashless-society

This would be the world’s first cashless society when fully implemented

A special committee headed by Prime Minister Benjamin Netanyahu’s chief of staff, Harel Locker, has recommended a three-phase plan to all but do away with cash transactions in Israel. Every year, amounts totally nearly 20% of the national budget of Israel is lost due to tax evasion and money laundering, and they want to reclaim as much of that as they can. 

israel-worlds-first-cashless-society

“Cash and cash equivalents are the fuel of the black economy,” said Locker, whose committee was appointed by prime Minister Benjamin Netanyahu.

Reuters today reports that Locker headed a government panel that issued its interim recommendations on turning Israel into a cashless society on Monday. These include limiting businesses initially to cash or cash-equivalent transactions of 7,500 shekels – down from 20,000 shekels currently – and no more than 5,000 shekels after a year. Private citizens will be allowed cash deals of 15,000 shekels. The new rules would also limit the use of checks.

As part of the move to reduce the use of cash, the panel recommended that banks issue debit cards. Banks now only issue credit cards, and Locker said costs would come down with debit cards since there is no credit involved.

He expressed confidence that most citizens will comply with the new rules, since violating them would be a crime and most transactions by ordinary people are for less than 5,000 shekels.

The following guidelines were set out by the committee for the short-term:

  • Limit business transactions done in cash or by check to NIS 7,500 ($2,150) immediately, and reduce that further to NIS 5,000 ($1,433) one year from the date of legislation;
  • Limit private transactions done in cash or by check to NIS 15,000 ($4,300);
  • Any violation of these limits would be a criminal offense warranting a stiff fine.

The new law would go into effect by the end of 2014.

NTEB is run by end times author and editor-in-chief Geoffrey Grider. Geoffrey runs a successful web design company, and is a full-time minister of the gospel of the Lord Jesus Christ. In addition to running NOW THE END BEGINS, he has a dynamic street preaching outreach and tract ministry team in Saint Augustine, FL.
  • Corey Zimits

    Interesting. Seems that satan will copy this idea as well when it sets up a one world government. The devil has been trying to “keep up” with God since the Creation.

  • STL

    Its all coming together, soon we’ll be in heaven in no cahless system

  • Deanna

    Wow, things are moving right along in prophecy!

    • Israel is God’s timepiece in prophecy, so it makes perfect sense to me.

      • Dawn Street

        I was just thinking the same thing. I tell people they need to watch Israel. Israel is the key to the End Times.

  • The Antichrist will come against Israel, whether or not invited by them. It would be better if the Israeli Government didn’t make it so easy for him by dumping cash transactions in favour of plastic debit cards. They should take another look at the Books of Daniel and Revelation before they pass this thing into law.

    • But the prophecies in Daniel cannot be stopped or even altered. Everyone must play the role that God says they must play….and they are.

  • tommy

    this idea would never work in usa,in L.A. alone there is 100 thousand people live on the streets,how you going to get those rounded up for this kind of program unless you promise to give them something in return and tell them here sign this and step into the next room to get your rf id placed under the skin on your right hand wrist and in return we’ll give you 200 dollars a month on this here NWO debt card.there going to obey the UN instead of the all mightly but this idea will circle the globe,but EoE will end it all this.isaiah 24:1.

    • “this idea would never work in usa,in L.A. alone there is 100 thousand people live on the streets”

      On the contrary, the future NWO will be global and deadly 🙁

      P.S. The homeless lot will be the first to go, as useless parasites of the global system. Next would be the middle class, as still useless in general. Anyway, future depopulation plan will be about 90% of the population, so just do the math. In the end the only two choices will be; submit, decline. Neither desirable, but as scripture bluntly states…

      Rev 13:15-17 KJV – And he had power to give life unto the image of the beast, that the image of the beast should both speak, and cause that as many as would not worship the image of the beast should be killed. And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

      Rev 14:9-11 KJV – And the third angel followed them, saying with a loud voice, If any man worship the beast and his image, and receive his mark in his forehead, or in his hand, The same shall drink of the wine of the wrath of God, which is poured out without mixture into the cup of his indignation; and he shall be tormented with fire and brimstone in the presence of the holy angels, and in the presence of the Lamb: And the smoke of their torment ascendeth up for ever and ever: and they have no rest day nor night, who worship the beast and his image, and whosoever receiveth the mark of his name.

  • preacherBeck

    I’m glad that according to scripture I won’t be here when this all happens. According to Revaluation,Daniel, and Thessalonians I’ll be with Jesus.

  • Mountain Saint

    I dont know why my people, the Hebrews, go for Communism but they do. The founder of Communism, Karl Marx, Lenin of Russia and Hitler of Germany were all Jews. Most of the Jews in Congress are Marxists, if not, out right, Communists… Even the Antichrist will probably be Jewish and will impose on the world the collectivism and tyranny of Marxism…The cashless society in Israel could be the first step into the hell of Revelation 13.

  • Mountain Saint

    Pastor Beck, the Rapture will probably occur in the shadow of World War Three (Isaiah 57:1)…Unlike traditional thinking, we will have to endure the first half of the seven year covenant of Daniel 9:27 (a time of rest and safety and prosperity for the Israelis) before escaping just before the Great Tribulation begins (Revelation 13).

  • Rob

    The Rapture is signless. All born again believers in Christ will be saved from God’s wrath to come (Great Tribulation) although we do endure tribulations ls for now. Get saved now if you aren’t. Time is short!

  • What’s up, this weekend is nice in favor of me, since this point in time i am reading this enormous educational piece of writing here at my home.

  • I like the valuable information you provide in your articles.

    I’ll bookmark your blog and check again here regularly.
    I am quite certain I’ll learn many new stuff right here! Good luck for the next!

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