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Showing posts with label Electronic Money. Show all posts
Showing posts with label Electronic Money. Show all posts

New Michigan Law Punishes Cash-Based Tax Cheats

New Michigan law cracks down on tax cheating 'zapper' technology | MLive.com: This report shows the lengths which state governments will go to collect their taxes. Who knows how much is lost to "under the table" cash transactions. The solution here is to pass a new law outlawing software that under-reports cash transactions. The real solution is to get rid of cash altogether. Only the most antiquated businesses today take only cash. Most transactions are electronic. Paper money is playing a smaller and smaller role. Ultimately, cash or paper will be a thing of the past. Just think of the  taxes that will be collected. There is certainly an incentive to go this direction. How about illegal activity? That will be dramatically reduced too. 

Don't think this system is too good too soon. It's not. There will be a powerful individual that will use it for nefarious purposes. It's only a matter of time. Are you ready?

Isis - Cellphone Payments

Six handset makers back Isis NFC payment: Cell phone makers are combining resources in an effort to standardize near field communications (NFC) in order to further their efforts to make payments with their devices. Recently, PRT reported that Sweden was the first country to contemplate a cashless economy. Along with these reports, there have been multiple examples of the strides being made to make the United States and the rest of the world cashless as well. It is inevitable. Paper is outdated and inefficient. Using a cellphone to make payments is only one more cog in the machinery that is already set in motion. There will be cashless economies and it will be controlled by one who will use it for nefarious purposes. Just keep watching.

Sweden Going Cashless?

Looks like Sweden may be one of the first countries to go paperless where money is concerned. We have spoken about this many times at PRT. This is inevitable. The only question is when, not if we will all go the way of electronic debit and credit cards. The only problem is not debit and credit cards, however. The problem is when this goes beyond plastic and is made mandatory. Remember, these events are foretold clearly in the bible. Yes. That old book that collects dust is relevant today as it always has been. Perhaps it is time to dust it off and take a second look. 

Plastic vs. Paper? Not Grocery Bags, Money

NYTimes.com: "WASHINGTON — The number of dollar bills rolling off the great government presses here and in Fort Worth fell to a modern low in the last fiscal year. Production of $5 bills also dropped to the lowest level in 30 years. And for the first time in that period, the Treasury Department did not print any $10 bills."

Isn't it inevitable that paper money will just plain go away? Isn't it a bother to sort through the gnawed up wad  of torn pieces of green paper? It is just so twentieth century. Most of our bills can be paid electronically. Most of the transactions we have are electronic. How many employers are forcing their employees to have direct deposit? The tide is too great to resist. There will come a day, and it looks to be soon, where electronic will be the only system we have. 

The benefits are many, but one that is plain is an increase in revenues to the government. There are many "under the table" or black market transactions that do not get recorded or taxed by the government. Illegal activities are usually done through non-traceable paper money. One of the few steps lacking are person-to-person transactions and that is coming soon too. 

However, this trend will not end well. It will one day culminate in the rise of a dictator that will control the population through these means. Just as we can predict the weather by clouds that accumulate on the horizon, so too we can predict what is coming by looking at the political, economic, and religious horizon. Too many are distracted to pay attention and only think it is part of the new normal, but it is not normal at all. 

Police Use Data Extraction Devices (DED) & Tracking Features of Smart Phones

Shown below are two articles regarding the use by law enforcement of the tracking features of your cell phone. One shows how they may see where you have been over an amount of time. The second article is even more concerning. According an ACLU news release, "several years ago, (Michigan State Police) acquired portable devices that have the potential to quickly download data from cell phones without the owner of the cellphone knowing."

Yes. We live in a world where our privacy is limited. The younger generation gives it up willingly. The older generation gives it up without even knowing it. However, the facts are clear and the pattern is clear. Authorities, whoever they may be in the future good or evil, will have the ability to track and monitor us without our knowledge. Just why do you think the President met with Google, Intel, and Apple? How about the features on phones that we think we may like including Google's Near Field Communication Plan, and Visa's march toward person to person payments? Are they beneficial in the long run? This site has reported how technology could turn cell phones into wallets. These are not isolated incidences without any connection. The pieces are falling into place. While our current governments may have nothing nefarious in mind, the track is being laid to our own Auschwitz. Look here and see how this network of technology will soon be used against us by a sole world leader. He will use it for control. He will use it to our detriment. Wake up! Look around you. Do not fall asleep to the drumbeat of normalcy. These things are not normal. They only appear to be normal to us because they are slowly happening around us and we adapt. Now is not the time for sleep, but to be active and prepare.


How police have obtained iPhone, iPad tracking logs | Privacy Inc. - CNET News: "Law enforcement agencies have known since at least last year that an iPhone or iPad surreptitiously records its owner's approximate location, and have used that geolocation data to aid criminal investigations.

State police aims to clarify data extraction device use: Michigan State Police says a claim by the American Civil Liberties Union that the agency has devices that can quickly download data from cell phones without the knowledge of the owner is untrue, and officials with Petoskey post say they aim to eliminate any such misconceptions.


Google's NFC plan: data sharing, targeted ads, and discounts

Considering this news alert along with Visa's new plan to enable person-to-person payments and how cell phones can now make payments at points of sale, its hard to deny that there is a pattern here. See topic on End Times for more info. Maybe its time to wake up to what is going on around us.
Google's NFC plan: data sharing, targeted ads, and discounts: "Google hopes to give retailers access to more in-depth customer data as part of its push to bring Near Field Communications (NFC) into the mainstream. The plan is apparently part of Google's underground NFC tests being carried out in New York and San Francisco. Google's testing is still said to be in its early stages, but it may roll out NFC to the public later in 2011. 
NFC is an evolution of the RFID technology employed in 'contact-less' payment systems such as MasterCard PayPass and Visa payWave, and is mostly known in the US as a means of enabling wireless payments at retail stores. (Check out our NFC technology primer for more details on how it works.) That's not all NFC can be used for, though—it can also keep track of gift card and ticketing balances, as well as personal information and consumer preferences."

Person to Person Payments by Visa - Inching Closer to Mark of the Beast?

The Associated Press has reported that Visa will now offer the ability of card holders to not just buy goods and services from merchants, but to make payments to other consumers. We have long been able to use ATMs and credit cards. The missing "cog" has been how to make these payments to others individuals. Anyone can now accept credit card payments through services like squareup.com and with the new Visa options, person to person transfers do not seem to be a problem either. Cell phones have also become tools for payments.

But why stop with payments with your cell phone? Why be bothered with the myriad of cards in your wallet? The next step is to embed a Near Field Communication (NFC) or Radio Frequency Identification (RFID) computer chip in your hand. It would be much more convenient and it appears the technology is here to do it. Just keep watching. Mark of the Beast? May be closer than you think.

Payments by Mobile Phone and Revelation 13:16

In 1995, I wrote about how the growing use of debit cards and credit cards were setting the infrastructure in place for the "mark of the beast" as found in Revelation 13:16. While many believe what the bible says is true, many do not take too seriously the predictions that some have had since most have been inaccurate and many downright hokey. I have tried to take a more reasoned view of events. Consequently, not every headline is filled with signs of the end times. However, one must carefully view technological progress from an objective point of view. Because we are familiar with technology does not make it off limits to scrutiny. 


One of the primary hurdles of implementing such a "mark" is the person-to-person transactions that will be required. We have been able to make electronic purchases from retail outlets for years. However, we have not been able to transfer funds from one person to another easily. This cell phone news is big in this regard. Many if not most have cell phones. It is only one small step from using them at a retail store to using them between individuals.

Wall Street Journal - AT&T, Verizon Unveil Mobile Payment Venture
By ROGER CHENG And SCOTT MORRISON

Three major U.S. wireless carriers announced a joint venture to allow their customers to pay for goods and services with their cellphones.

Verizon Wireless, AT&T Inc. and T-Mobile USA are participating in the venture, dubbed Isis, which will compete with credit card companies. It will use near-field communications technology that allows a person to wave their phone in front of a scanner to pay for purchases.

NFC is already found in cards, and can be accepted at drugstore chains and gas stations. NFC chips transmit signals short distances and are considered to be a key emerging technology that will enable consumers to use their phones to make payments at brick-and mortar locations.

Quoted in part. November 16, 2010


Mathew 16:3b Hypocrites! You know how to discern the face of the sky, but you cannot discern the signs of the times.