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Israel Is Preparing Action Plan For Launching A Digital Shekel As World Is Rapidly Moving Toward Cybercurrency And The One World System

Israel has conducted a pilot test of a digital shekel cryptocurrency, Bank of Israel Deputy Governor Andrew Abir said at the Fair Value Forum of IDC.

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Israel has already conducted a pilot test of a digital shekel cryptocurrency, Bank of Israel Deputy Governor Andrew Abir said, perhaps inadvertently, at a recent conference of the Fair Value Forum of IDC Herzliya.

All over the world we are seeing cryptocurrency coming online in fits and starts, stunning losses followed by even more stunning gains, and in Israel work is right now being done to see about the feasibility of a digital shekel. When you remember that the Mark of the Beast is an implantable device to control buying and selling, then you understand that the Mark is cryptocurrency.

“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. Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.” Revelation 13:16-18 (KJB)

In fact, everywhere you look right now, the whole world is going digital on every level, and currency is no exception. Ever think about the word ‘crypto’? It’s chock full of meaning to the student of bible prophecy. A ‘crypt’ is where dead bodies are kept, and a ‘cryptographer’ is someone who deals with things that are ‘hidden’ and ‘secret’. No matter how you slice it, ‘crypto’ currency is the preferred means of transaction for the end times generation, that’s how close we are.

Israel has already tested a digital shekel cryptocurrency

FROM THE JERUSALEM POST: Toward the end of a panel discussion, Abir said the Bank of Israel had already run a digital currency pilot. Another member of the panel seemed surprised and asked: “You have already issued a coin?” Abir responded in the affirmative. However, Abir said he was not optimistic that such a central-bank digital currency (CBDC) would ever be launched.

“I had previously estimated that the chance of having a CBDC within five years is 20%,” Abir said. “My estimate has increased a bit in the last year, mainly because other countries are advancing with it too. But still there is less than a 50% chance.”

In May, the Bank of Israel said it was preparing an action plan for how it could offer a digital currency. The concept of issuing such a currency has been in discussion since 2017, but it decided to accelerate its research and preparation for the potential issuance “in view of the rapid developments in the digital economy and in payments, and in view of the major central banks’ work on the issue.”

A CBDC would rely on distributed ledger technologies such as blockchain, but it would be different from the cryptocurrencies that are popular today, including bitcoin. The most important difference is that while cryptocurrencies do not belong to any specific country, and some are characterized by having no central authority to manage them, a CBDC issued by a country’s central bank would be regulated by the relevant state authorities.
“The option for a CBDC is still being examined, and when we made our statement last month, it was not to say what we are doing, but rather to share what we do not know and receive feedback from the public,” Abir said.
In recent years, there have been significant and very rapid changes in the payments market in Israel and abroad. While no central bank in an advanced economy has yet announced a decision to initiate a project that would lead to its issuing a digital currency, there has recently been an apparent change in global sentiment on the matter, and the central banks in a number of major world economies have begun exploring the possibility of issuing a CBDC alongside existing means of payment.

The Bank of Israel is most concerned about staying on top of emerging global trends, Abir said.

“The payment system in Israel is at least a decade behind other countries,” he said. “But in the last year, we have started to close the gap with the distribution of the infrastructure that allows contactless payments and the entry of digital wallets. We are in the middle of a process of disruptive technology, and we do not know who are going to be the winners. Will it be the banks, credit-card companies, fintech or big technology companies? There will be changes in the next few years that we do not yet know about. But it is clear that the environment in five years’ time will not be the same as the environment today.”
Abir played down common expectations for a digital currency.
“I’m sorry to tell you, but it’s not going to eliminate the banks,” he said. “No central bank will introduce a digital currency for this purpose. The banks will still have an important part in the entire payment system. Another thing that might disappoint you is that any digital currency of a central bank would not be designed as a kind of protection against bitcoin. What we are talking about is a payment system. Bitcoin is not a payment system, and it is not a currency. In the best situation, it is a financial asset, and in the worst case, it is a pyramid scam,” Abir said. READ MORE

Israel Considers Switch to Digital Shekel – Dec. 26, 2017

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. Even all the way to South Africa. We even restarted our weekly radio Bible study on Sunday nights again, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

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Cryptocurrency

Global Banking Conglomerates To Join With Federal Reserve Bank of New York To Conduct A 12-Week Digital Dollar Pilot Program

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The Federal Reserve Bank of New York’s Innovation Center, or NYIC, announced that it would be launching a 12-week proof-of-concept pilot for a central bank digital currency, or CBDC.

Back in March, we told you how pretend president Joe Biden signed an Executive Order to set the table to create a United States Central Bank Digital Currency. Today comes the announcement that the New World Order is sending representatives from assorted global banking conglomerates to begin as 12-week pilot program at the Federal Reserve of New York. What does all this mean? It means we just got another giant step closer to the biblical Mark of the Beast which will control all financial transactions.

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.” Revelation 13:17 (KJB)

Is it just me, or is it another one of those ‘strange coincidences’ that at the very time one of the world’s largest crypto exchanges, FTX, has been mysteriously put out of business the announcement is made of the establishment of a pilot program to create a US digital currency? Sure is funny how that stuff works, isn’t it? They are calling it the CBDC, I am calling it MOTB, which is ultimately what it will end up being. And you can bet your digital ‘bottom dollar’ that’ll happen exactly as Revelation says it will.

New York Federal Reserve launches 12-week CBDC pilot program with major banks

FROM COINTELEGRAPH: In a Nov. 15 announcement, the New York Fed said the program would explore the feasibility of an “interoperable network of central bank wholesale digital money and commercial bank digital money operating on a shared multi-entity distributed ledger” on a regulated liability network. Banking giants including BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, U.S. Bank and Wells Fargo will be participating in the pilot by issuing tokens and settling transactions through simulated central bank reserves.

“The NYIC looks forward to collaborating with members of the banking community to advance research on asset tokenization and the future of financial market infrastructures in the U.S. as money and banking evolve,” said NYIC Director Per von Zelowitz.

The proof-of-concept project will test the “technical feasibility, legal viability, and business applicability” of distributed ledger technology, as well as simulate tokens and explore regulatory frameworks. The NY Fed said the project could “potentially be extended to multi-currency operations and regulated stablecoins.”

The launch of the NYIC pilot project followed the center releasing research on its wholesale central bank digital currency program on Nov. 4. The first phase of the CBDC trial, dubbed Project Cedar, tested foreign exchange spot trades to determine whether a blockchain solution could improve “speed, cost, and access to cross-border wholesale payments.”

Federal regulators in the United States have not reached any consensus on whether to launch a digital dollar in the country, but agencies and those in the private sector have been exploring the possibility. Following U.S. President Joe Biden issuing an executive order aimed at establishing a framework on digital assets, some lawmakers questioned what Congress’ role might be in passing legislation in support of a CBDC and how a digital dollar might curtail similar innovations from the private sector. READ MORE

Central Bank Digital Currency Is Coming!

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORTTO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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Cryptocurrency

The Biggest Story In America Right Now Should Be The Incestuous Connection Between The Democrat Party, Aid To Ukraine And FTX Crypto Donations To The DNC

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What is the connection between sending billions in aid to Ukraine, FTX Crypto, and the stunning upset the Democrats enjoyed in last week’s Midterm Elections?

The main stream media is doing their best to not talk about the stunning apparent connection between the Democrats sending billions in ‘aid’ to Ukraine, Ukraine sending boatloads of cash to FTX Crypto, and FTX sending to much money to the Democrat Party that they are second only to George Soros as the largest donor. If this was happening to the Republican Party, it would already be a 5-part miniseries on Netflix. But because it impacts the ‘big guy’ Joe Biden and the Democrats, it’s being swept under the proverbial rug. And what an “amazing coincidence!!!” that after the Democrats score a totally unexpected win in the Midterms, FTX gets thrown under the bus and goes bankrupt. But I’m sure that’s not an alleged indicator of alleged backroom dirty dealings and then allegedly trying to destroy the alleged evidence or anything.

For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.” 1 Timothy 6:10 (KJB)

If the Republicans were smart, they’re not, but if they were they would immediately quit whining about ‘stolen elections’, and immediately start laying plans to investigate the Hunter Biden laptop, the connection between FTX and Ukraine, the connection between FTX and the Democrats, Biden’s policies on crypto, and the list goes on. If the Republicans don’t get back to the ‘people’s business’, it will be a long time before they win another election. Any other election. America needs to be governed the way DeSantis governs Florida, we don’t need any more MAGA QAnon nonsense. But what America really needs is Jesus Christ.

Cryptocurrency billionaire broke the bank for Dems

FROM THE NY POST: Amid all the jubilation and gloating by Joe Biden, Chuck Schumer and pals over the Democrats’ better-than-expected showing in the midterms comes a disturbing story that may explain something about how they won such a curious election. Biden’s second-biggest donor, cryptocurrency billionaire wunderkind Sam Bankman-Fried, a k a SBF, saw his business file for bankruptcy days after the election, but not before pumping $40 million into the Democratic Party to spend on “get-out-the-vote” and other shadowy ballot-harvesting mechanics for the midterms.

The shambolic 30-year-old whiz kid, once said to have been worth $16 billion, had spent $10 million helping get Biden elected in 2020.

SBF’s mother, Stanford law professor Barbara Fried, also is co-founder of left-wing political action committee Mind The Gap, which has raised a reported $140 million to help Democrats win elections through the same “get-out-the-vote” grift.

More Democrats Alleged Dirty Dealings

A more unlikely billionaire you could not find — and of course his money was built on thin air. A math genius with poor social skills, SBF reportedly lived in a “polycule” — a polyamorous relationship with multiple people — in a luxury penthouse with about 10 co-workers in the tax haven of the Bahamas, where his collapsed crypto exchange FTX was headquartered. Otherwise, he was sleeping on beanbags in his office, eating vegan fries and, according to his own Twitter feed, popping amphetamines and sleeping pills to regulate his chaotic sleeping habits.

Now Reuters is reporting that between $1 billion and $2 billion of customer funds have vanished from FTX, conveniently after the Democrats safely spent his money.

At last report, SBF and his mysterious co-founder, Gary Wang, were being held “under supervision” by Bahamian authorities after reportedly planning to flee to Dubai, according to fintech publication Cointelegraph. SBF certainly “impacted” the midterms, funneling his millions into the Democratic National Committee and Democrat-friendly PACs such as Protect Our Future and Guarding Against Pandemics.

He donated to committees aligned with Nancy Pelosi and Chuck Schumer to help Democrats win races. He lavished his largesse on “pro-crypto Democrats” like New York Sen. Kirsten Gillibrand, who was sponsoring a bill to lock the Securities and Exchange Commission out of regulating the crypto market.

He also visited the White House, meeting with top Biden adviser Steve Ricchetti on April 22 and May 12, according to the Washington Free Beacon. No wonder the Biden administration has been weak on regulating the crypto market. It was the goose that laid the golden egg. READ MORE

Are The Democrats Laundering Ukraine Aid Money?

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORTTO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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Cryptocurrency

SOULBOUND? The Longer That It Matures And Grows, The More That Cryptocurrency Seems To Have In Common With The Coming Mark Of The Beast

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Soulbound tokens, cryptocurrency and a social credit system sure sounds to me like the whole world is gearing up to receive the Mark of the Beast

Last time I checked, a ‘crypt’ was where they put the dead bodies, so a ‘cryptocurrency’ would be money that is connected with dead things. Cryptocurrency has become huge over the pandemic, amazing coincidence I know, and now the founder of one of the world’s largest tech platforms for crypto is now rolling out something called a ‘soulbound token’ that will attached with the death money. Are you still waiting for the end times to start? Better hurry, you are 801 days behind the curve at the moment.

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.” Revelation 13:17 (KJB)

I did not use Habakkuk 1:5 for my theme verse in this article, but I sure could have when you consider how this is all playing out right in front of your face, and amazingly, almost no one seems to notice. Prolly because they are just a tad distracted with the Johnny Depp and Amber Heard trial, or the recent school shooting, or the latest artificial race riot, or mix and match a list yourself from a seemingly endless lineup of distractions up to and including COVID, smallpox and monkeypox. In the meantime, you can jump in the Metaverse and put your death money into your Soul so you can store your soulbound tokens as you await Antichrist who will give you the Mark of the Beast so you can keep buying and selling.

Your whole identity could soon live in ‘Soulbound tokens’ on web3, Ethereum’s co-founder says

FROM FORTUNE: Early this month, Vitalik Buterin co-authored a paper outlining his vision for a “decentralized society” (DeSoc) where individuals accrue a permanent record of merits and attributes that are stored in private blockchain wallets as non-tradable crypto assets.

The writers dub those achievement badges ‘soulbound tokens’ also known as SBTs

“Imagine a world where most participants have Souls [digital wallets] that store SBTs corresponding to a series of affiliations, memberships, and credentials,” the authors write, suggesting that their idea for SBTs could resemble something of a Web3-based CV.

“For example, a person might have a Soul that stores SBTs representing educational credentials, employment history, or hashes of their writings or works of art,” the paper says.

Unlike a non-fungible token (NFT), which is a collectible digital asset that can be traded or sold, SBTs are designed to be untradable—a little more like a Boy Scout badge than a baseball card. According to the paper, an individual would gain SBTs from other Souls within the decentralized society. A university, for example, might issue SBTs to its alumni to verify that they have graduated from that school.

To be clear, that also means SBTs aren’t really going to replace NFTs. The two digital assets, theoretically, serve different functions. While an NFT is designed to be tradable and act as a financial asset, an SBT, Buterin suggests, is supposed to serve as a proof of character, rather than a proof of wealth.

But as the authors attest, there are major dangers to the proposal.

For starters, the whole thing sounds similar to China’s idea of building a social credit system that would supposedly punish citizens for demonstrating bad ideological behavior. Since SBTs are issued to individuals without their consent, the system could be used to brand “scarlet letters” on people, making the technology an ideal tool for authoritarian states.

A society built on SBTs could even reinforce discrimination indirectly. A database of SBTs could provide a marker to “automate red-lining of disfavored social groups or even target them for cyber or physical attack, enforce restrictive migration policies, or make predatory loans,” the authors write. For that reason, Buterin and his coauthors consider individuals might need the option to “burn” or hide their SBTs from the public, choosing to reveal them only when necessary. READ MORE

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. Even all the way to South Africa. We even restarted our weekly radio Bible study on Sunday nights again, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. If every one of the 15,860+ people on our daily mailing list gave $4.50, we would reach our goal immediately. If every one of our 150,000+ followers on Facebook gave $1.00 each, we would reach 300% of our goal. The same goes for our 15,900 followers on Twitter. But sadly, many will not give, so we need the ones who can and who will give to be generous. As generous as possible.

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJV)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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