Tuesday, August 27, 2019

AUSTRALIA WANTS A CASHLESS SOCIETY.

JEWISH KING JESUS IS COMING AT THE RAPTURE FOR US IN THE CLOUDS-DON'T MISS IT FOR THE WORLD.THE BIBLE TAKEN LITERALLY- WHEN THE PLAIN SENSE MAKES GOOD SENSE-SEEK NO OTHER SENSE-LEST YOU END UP IN NONSENSE.GET SAVED NOW- CALL ON JESUS TODAY.THE ONLY SAVIOR OF THE WHOLE EARTH - NO OTHER. 1 COR 15:23-JESUS THE FIRST FRUITS-CHRISTIANS RAPTURED TO JESUS-FIRST FRUITS OF THE SPIRIT-23 But every man in his own order: Christ the firstfruits; afterward they that are Christ’s at his coming.ROMANS 8:23 And not only they, but ourselves also, which have the firstfruits of the Spirit, even we ourselves groan within ourselves, waiting for the adoption, to wit, the redemption of our body.(THE PRE-TRIB RAPTURE)

MARK OF THE BEAST (MICROCHIP IMPLANT UNDER EVERY ONES RIGHT HAND OR FOREHEAD)

REVELATION 13:16-18
16 And he(FALSE POPE) causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(CHIP IMPLANT)
17 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.
18 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.(6-6-6) A NUMBER SYSTEM

REVELATION 16:1-2
1 And I heard a great voice out of the temple saying to the seven angels, Go your ways, and pour out the vials of the wrath of God upon the earth.
2 And the first went, and poured out his vial upon the earth; and there fell a noisome and grievous sore upon the men which had the mark of the beast, and upon them which worshipped his image.

REVELATION 19:19-21
19 And I saw the beast, and the kings of the earth, and their armies, gathered together to make war (NOT COMETS KILLING AND COMING) against him (JESUS) that sat on the horse, and against his army.(THE 7 YRS EARLIAR RAPTURED CHRISTIANS)
20 And the beast (EU WORLD DICTATOR) was taken, and with him the false (VATICAN POPE) prophet that wrought miracles before him, with which he deceived them that had received the mark of the beast, and them that worshipped his image. These both were cast alive into a lake of fire burning with brimstone.
21 And the remnant were slain with the sword of him (JESUS) that sat upon the horse, which sword proceeded out of his mouth: and all the fowls were filled with their flesh.(ISRAELS MIGRATION BIRDS EAT ISRAELS ENEMIES FLESH)

REVELATION 20:11-15
10 And the devil that deceived them was cast into the lake of fire and brimstone, where the beast and the false prophet are, and shall be tormented day and night for ever and ever.
11 And I saw a great white throne, and him that sat on it, from whose face the earth and the heaven fled away; and there was found no place for them.
12 And I saw the dead, small and great, stand before God; and the books were opened: and another book was opened, which is the book of life: and the dead were judged out of those things which were written in the books, according to their works.
13 And the sea gave up the dead which were in it; and death and hell delivered up the dead which were in them: and they were judged every man according to their works.
14 And death and hell were cast into the lake of fire. This is the second death.
15 And whosoever was not found written in the book of life was cast into the lake of fire.

AUSTRALIA WAR ON CASH
https://www.youtube.com/watch?v=cEYmuVgML6E
https://www.youtube.com/watch?v=6ESx_ArqqS8
https://www.youtube.com/watch?v=8kezwbUnsao
https://www.youtube.com/watch?v=afH8StU1Vec
https://www.youtube.com/watch?v=Pl8OlkkwRpc
https://www.youtube.com/watch?v=ZpwZjxVNu-Q
https://www.youtube.com/watch?v=HQwJT9K1PG4
BIBLE AND CASHLESS SOCIETY
https://www.youtube.com/watch?v=nuv6IyQDjME
https://www.youtube.com/watch?v=o0tXDMD_Ga4
https://www.youtube.com/watch?v=OKKttEG25Cw

MARK IN THE BIBLE-A MICROCHIP IMPLANT UNDER YOUR SKIN
-Strong's Concordance
charagma: a stamp, impress - Original Word: χάραγμα, ατος, τό Part of Speech: Noun, Neuter Transliteration: charagma Phonetic Spelling: (khar'-ag-mah)
Definition: a stamp, impress Usage: sculpture; engraving, a stamp, sign.
HELPS Word-studies
5480 xáragma – properly, an engraving (etching); (figuratively) a mark providing undeniable identification, like a symbol giving irrefutable connection between parties.
5480 /xáragma ("brand-mark") was originally any impress on a coin or a seal, used by an engraver on a die (stamp, branding iron). 5480 (xáragma) later became "the identification-marker" (like with an owner's unique "brand-mark").


Economics Macroeconomics-IMF Special Drawing Rights-By Adam Hayes-Updated Jun 25, 2019

The International Monetary Fund (IMF) was founded in 1945 as part of the Bretton Woods system agreement a year earlier. The goal of the IMF is to foster macroeconomic stability and global growth and to reduce poverty around the world. Interestingly, economist John Maynard Keynes first proposed a supranational currency known as "Bancor" at the Bretton Woods conference, but his proposal was rejected. Instead, the IMF adopted a system of pegged exchange rates tied to the value of gold bullion. At the time, the world reserve assets were the US Dollar and gold. However, there was not enough supply of these internationally to keep sufficient reserves for the IMF to function properly. In order to fulfill its mandate, in 1969 the IMF created Special Drawing Rights, or SDRs as a supplement to help fund its stabilization efforts.By 1973, the original Bretton Woods system had been almost completely abandoned. President Nixon restricted gold outflows from the United States, and major currencies shifted from a pegged system to a floating exchange rate regime. Still, the SDR system has been largely successful, with the IMF allocating approximately SDR 183 Billion, providing needed liquidity and credit to the global financial system.Why SDRs Are Needed-According to the IMF, SDRs (or XDR) are an international reserve asset to supplement its member countries' official money reserves. Technically, the SDR is neither a currency nor a claim on the IMF itself. Instead, it is a potential claim against the currencies of IMF members.An SDR allocation is a low-cost method of adding to member nations' international reserves, allowing members to reduce their reliance on more expensive domestic or external debt. Developing nations can use SDRs as a cost-free alternative to accumulating foreign currency reserves through more expensive means, such as borrowing or running current account surpluses.The SDR is also used by some international organizations as a unit of account where exchange rate volatility would be too extreme. Such organizations include the African Development Bank, Arab Monetary Fund, Bank for International Settlements, and the Islamic Development Bank. By using SDRs, local currency fluctuations do not have as large of an impact. SDRs can only be held by IMF member countries and not by individuals, investment companies, or corporations.As of the year 2000, four countries peg their currency to the value of an SDR, even though the IMF discourages such action.The Value of the SDR-The value of an SDR was initially the equivalent of one US Dollar at the time or 0.88671 grams of gold. When the gold standard changed over to a floating currency system, the SDR instead became valued as a basket of world reserve currencies. Currently, this basket includes the US Dollar, Japanese Yen, Euro, and British Pound.Every five years, the IMF reviews the components of the currency basket to make sure that its holdings represent the most widely used global currencies. It is possible that when the next review takes place in 2015, more currencies may be considered than the current four. Recent speculation that the IMF might add the Chinese yuan (CNY) would make it the first emerging currency to be added to the IMF's reserves.The SDR's interest rate is used for calculating interest due from members of IMF loans paid from SDR holdings. SDRs are allocated by the IMF to its member countries and are backed by the full faith and credit of the member countries' governments.Today, 1 SDR = 1.3873 US dollars, down a little more than 10% over the past 12 months versus the dollar, a result of the relative strengthening of the dollar against the three other currencies in the SDR basket.The Bottom Line-Special drawing rights are a world reserve asset whose value is based on a basket of four major international currencies. SDRs are used by the IMF to make emergency loans and are used by developing nations to shore up their currency reserves without the need to borrow at high-interest rates or run current account surpluses at the detriment of economic growth. While SDRs themselves are not currencies, and can only be accessed by members of the IMF, they play a crucial role in maintaining macroeconomic stability and global growth by providing emergency liquidity and credit when traditional methods fall short.

Will Australia go cashless by 2022?-BAMBORA OPINION-17 January 2018-Victoria Galloway

In late 2016, when Denmark decided that it would no longer print banknotes and proceeded to shut down its last mint, the country silently announced to the world that consumers are well on their way to embracing cashless transactions.Look around the world and the picture isn’t too different. Nearly 50% of Americans carry less than US$20 physical cash in their wallets and 9% said they’ve entirely stopped carrying cash. Just across the Atlantic, in the UK, people step out with less than £5 cash every day, says a Mastercard study.Closer to home, in Australia, we might not be ready to bring our mints to a grinding halt just yet but Australians are steadily driving a fundamental shift to a cashless economy.The Reserve Bank of Australia (RBA) has proof. Payment data released by the country’s top financial institution shows that in 2017 ATM cash withdrawals plunged to their lowest level in 15 years. In Australia, in the past nine years alone, the share of cash in consumer payments has tumbled down to 39% from a substantial 70%.As a business owner, here’s another thought to chew on. Nearly 90% of Australians will regard your business negatively if you accept only cash as a means of payment, reveals a study commissioned by MasterCard.We’ve said it before, but we’ll say it again: online payments are the future! How Close are We to a Cashless Australia?-Worldwide, cash payments still represent the bulk of retail transactions. MasterCard puts this figure at 85%. However, as the world economy evolves, the conventional doesn’t always prove to be convenient. Where cash is risky to hold and reduces transparency in transactions, electronic payments promote financial inclusion and boost economic growth.Australian consumers seem to concur.In fact, nearly 80% of Australians expect that smartphone payments will become the norm by 2022, the Westpac Cash Free Report tells us. This is not entirely surprising considering that 53% of all consumer payments in Australia are cashless already.In other words, alternative payment technologies such as digital wallets (read Apple Pay, Android Pay, Samsung Pay), tap-and-go, contactless payments, and wearables are no longer the disruptive--but distant--options they were earlier regarded as.As a merchant, you have likely seen this change take shape as consumers demand payment options beyond just cash and credit cards. If you haven’t, then the launch of the New Payments Platform (NPP) will change the status quo.Will the NPP Spell the End of Cash Payments?-For the uninitiated, the NPP is a collaborative venture of the RBA and a group of financial companies that will make payments convenient by:Allowing consumers, businesses and the government to transfer money in real-time even between different banks Enabling money transfers using just the payee’s mobile number or email address or ABN number in the case of a business entity Being available 24/7, even on weekends and holidays. This means that when the NPP swings into effect on Australia Day, businesses will get paid in a matter of minutes, if not seconds. This will consequently help improve cash flow and faster account reconcilement for your business. With the simplification of linking identifiers such as mobile numbers and ABNs, glitches associated with consumers entering wrong bank account details are expected to be reduced as well. No matter how you look at it, the bottomline is that from buying a car to paying for their morning cuppa, consumers will soon need almost no cash to go about their everyday activities.If not Cash, then What? It’s official: cash is no longer the dominant retail payment method in Australia. ATM queues are all but disappearing too. RBA data shows that the value and volume of ATM withdrawals has dipped by over 6% for two consecutive years.Counterbalancing this trend is the growing popularity of alternative payment methods such as debit and credit cards. As a country that boasts among the highest penetrations of PoS devices (39,337 devices per million people) worldwide, the soaring use of plastic money in Australia comes as no surprise.Add digital wallets, wearable devices such as Apple Watch, and contactless payment tokens to the mix and it’s easy to see why cash is losing the payments battle. What’s more, with over 84% Australians carrying a smartphone, the time is ripe for merchants to prepare for digital payments on an unprecedented scale.What Cash-free Customers Mean for Australian Businesses-As consumers increasingly abandon cash for digital payments, businesses will have to keep pace.According to a recent report, Australian businesses received 46% less cash payments in 2016 than in 2010. At this rate, cash receivables will form less than 5% of all payments by 2019 for most businesses. At the same time, consumers eagerly switching to online shopping have pushed online retail sales beyond the $20-billion mark in a new record in 2016, says the National Australian Bank.For businesses like yours, the only way ahead is to integrate online and alternative payment methods more seamlessly in the grand scheme of things. This means being on top of the latest digital payment trends, from smart checkout design to secure payment processing.Regardless of whether you’re taking your first steps in the world of digital payments or taking your online payments journey to the next level, Bambora can help. Just get in touch and we will get right back to you.

On the need of a democratic global government-Jo Leinen & Andreas Bummel-04. May 2019 Global Order | Opinion

This essay was originally published in the May 2019 edition of Cadmus, the journal of the World Academy of Arts and Science. if we do not manage to create a global government. This proposition may seem out of place at a time of rising international tensions, nuclear instability, nationalist populism and so-called identity politics which fuel a crisis of multilateralism. Yet, instead of contradicting the idea, these and many other problems are strongly rooted in the fact that no global government exists.Human civilization may not survive-One of the key challenges of modern cultural evolution is the time lag between rapid technological development and slow political adaptation. The United Nations that represents the best governance model humanity could come up with for the management of global affairs is now frozen in time. Its underlying principle of national sovereignty goes back to 1648, a hundred years before the industrial revolution even started. Yet, today we live in the 21st century, the world population is approaching eight billion and technological development continues to accelerate. The need for global governance to catch up with the accelerating pace of change is more urgent than ever before.Addressing environmental threats-Humanity now shares a common destiny. Whether they like it or not, all people are now linked together in a shared civilization which reaches around the entire Earth. The dangers posed by nuclear war, global pandemics, environmental devastation, biodiversity loss or climate change affect everybody. Carbon dioxide in the atmosphere knows no borders.The human impact on global public goods such as the atmosphere must be regulated so that planetary limits are not transgressed and the stability of earth’s ecosystem is not jeopardized. Furthermore, the supply of important public goods like food security or the stability of the financial and economic system depends on how well global structures are working. Regulating research and development in fields such as artificial intelligence, genetics, biotechnology or autonomous weapons must be on the global agenda. Based on the collaboration of 193 nominally sovereign states, global regulation will never work well. Hence the need to move to a model of global government that transcends the boundaries of the nation-state.Transcending the nation-state-States can freely decide whether to join or not to join an intergovernmental treaty. There is no way to determine global rules except through inter-state negotiations. The more ‘states’ participate, the more difficult it is to achieve results. As compromises must be reached, the content of treaties often merely represents the lowest common denominator of state parties. In this process, the primary purpose of governments is to pursue what they believe is in the national self-interest. There is no body that represents the interest of the world community at large. Even if a treaty is concluded and ratified, a state can withdraw again. The international order recognizes no higher authority for decision or enforcement. All in all, the international order lacks many of the hallmarks that characterize a functioning legal system, which we take for granted domestically.Socioeconomic development and political action are no longer connected. The forces of acceleration have globalised and compel the states, in a self-reinforcing dynamic, to push forward their own erosion. Cash flows and commercial entities have no loyalty to any nation-states. Processes of product development and manufacturing are globally networked. A transnational elite has emerged consisting of the owners and top management of transnational corporations, both supported by high-level officials, politicians, scientists, and media representatives who are ready to pursue common economic interests in an environment of weak regulation and poor political processes. The concentration of wealth and global inequality has reached unprecedented levels. The gap between productivity and worker’s wages is increasing dramatically.We are witnessing the emergence of global social strata that are giving rise to vertical social tensions. The dividing line will no longer be between rich and poor countries but between the super-rich and the rest everywhere. The transnational elite exercises a powerful influence. They can play national governments against each other, if need be. National governments face serious limitations to resist the race to the bottom. In former times the creation of powerful nation-states was often driven top-down by the elites. Notions of a global conspiracy to set up a global government are far off the mark. Today, the elite uses the inter-state system to their benefit and actually resists the emergence of a global government that could constrain their actions.In fiscal policy, for instance, multinational corporations and the super-rich are able to avoid paying taxes using loopholes and weaknesses in the international taxation system. Corporate taxation rates and tax revenues continue to fall. This contributes to rising inequality, higher relative taxation of the middle classes, and social tension. Paradoxically, these problems are exacerbated by the nationalist policies they fuel. In the United States, for instance, the nominal corporate tax rate was drastically reduced after the election of Donald Trump.Efforts to combat this trend in the framework of traditional intergovernmental collaboration have proven ineffective. A Tobin Tax on currency transactions or a progressive global tax on billionaire capital will not work with a piecemeal approach. However, these taxes could provide funding for social welfare measures like a global social protection floor or a global basic income.Current challenges and pitfalls of the system-Citizenship is connected to individual states and thus citizen rights are exclusive. The promise of the global village is only valid for the rich. In many countries, they can even buy national passports. The carbon footprint of those well off is disproportionally higher than that of the poor. At the same time, the age of Westphalian territoriality has not ended for those at the bottom. Free movement is not for them. Quite the contrary. The planet has never before seen more border fences and walls separating states. In fact, the system of nation-states helps contain populations within state borders, allows to play out workers against each other and to exploit illegal immigrants.Economic, cultural and social insecurity seems to be a common contributor to nationalist populism as well as illiberal and antidemocratic sentiments. As global forces become more influential, democratic institutions of the nation-state are hollowed out, and people, justifiably, lose trust in leaders’ capacity to represent their interests. Even if all the countries in the world were perfect democracies, they still wouldn’t be in a much better position to steer globalization into the right direction.The security dilemma, according to which states are pushing each other, in a spiral dynamic, into military spending, research and armament, is inherent in the Westphalian system and strong economic interests are at play to keep it that way. Just as fossil fuel industries and their owners resist decarbonization of the economy, the military-industrial complex resists global pacification. They do not necessarily need war. Military equipment that is developed and produced at high cost does not even need to function properly. But what they do need is the mere possibility of war and a permanent feeling of insecurity. The opportunity costs are massive.War between nuclear armed adversaries is potentially suicidal as it may lead to mutual destruction. As large-scale conventional conflict can spiral out of control, it’s not an option that can seriously be considered in the power rivalries between nuclear states. It still may happen intentionally or by accident. Even a limited nuclear war would have a devastating impact on today’s complex world system.After the invention and deployment of the atomic bomb, many nuclear scientists argued after the Second World War that a world government establishing a system of collective security with a monopoly on the use of force was needed in order to control nuclear technology and to prevent a nuclear Third World War.The possibility to strike any state at any time anywhere with a nuclear bomb or conventional missiles has made traditional concepts of sovereignty anachronistic since states, even in theory, can no longer control the use of violence on their territory and potentially can be wiped out. Ensuring a world free of nuclear weapons remains a key argument in favor of a global government.Once, the internet was expected to be a driver for democratic change and global understanding. Yes, it helped spark democratic revolutions. But it also provides the means for unprecedented state surveillance and systematic control of citizens. In Myanmar, social media was used to incite genocidal violence and it is used by authoritarian states to project their influence. China’s ‘Great Firewall’ shows what governments can do to cut their population off from free global information flows.Moving towards political equality-The fundamental values that underpin the arguments for a global government remain as valid as ever. The idea of humanity’s unity can be traced back to ancient Greek philosophy, the Hindu Upanishads, Tamil Sangam literature, Confucian teaching or the ancient Chinese concept of Tianxia. It is the realization of the equal value of every human being and that all humans need to respect and treat each other accordingly, which is at the core of cosmopolitanism and global citizenship. Morality that is exclusionary because it is only accepted as valid for a certain group is no morality at all. In a coherent ethical system that is based on equality, the same standards must be applied to everyone.This was already understood at the time of the French Revolution. For a short period, the French Revolution had a cosmopolitan moment. Liberty, equality and fraternity were ideas not limited to a French nation that didn’t even yet exist. It was not obvious why the sovereignty of the feudal rulers should be transferred to individual states. At the time, Anacharsis Cloots promoted the indivisible sovereignty of humanity and a universal world republic.While a world republic would unite humanity as a whole, the constituent subjects are individual persons and the starting point is to respect and protect their human rights as global citizens. Recognizing the equal right of every human being means that all need to have an equal opportunity in shaping the political affairs that affect them all. It follows that a directly elected world parliament needs to stand at the centre of the world republic. At some point this representative body may be complemented by means of electronic direct democracy open to all world citizens.A world parliament needs to stand at the centre of the world republic-Setting up a world republic with a global government does not mean that separate units would disappear. On the contrary, it would be a federal system of multilevel government. States represent an indispensable level of government and decision-making. Following the principle of subsidiarity, functions and powers would be dispersed vertically between the different levels of government from the local to the global and always at the lowest level possible. In some cases subcontinental or continental levels of government that lie between the national and global levels may take over responsibilities, too. In addition, states can carry out administrative responsibilities on behalf of the world federation, thus avoiding the creation of a large central bureaucracy.While the world republic would determine the rules governing the legitimate use of force, it wouldn’t have the factual monopoly as certain military and police capabilities would be dispersed following federalist principles. In a system of global fiscal federalism, the power of taxation would also be divided across different levels. A federal world republic and a system of multilevel government would bring about a new understanding of sovereignty. No one has a right to unlimited self-determination or to the unlimited exercise of power, or indeed the capacity for either. All states, institutions, bodies and actors are in one way or another accountable to others and bound up with them. None is sovereign over the others in the classical sense, or can act or be allowed to act as if they were. Sovereignty is always limited. In this sense, the term may be continued to be used to describe core competencies of the respective levels of government.Democratic participation and representation of citizens as well as the rule of law, separation of powers, checks and balances and the protection of minority rights would have to be implemented at all levels. A world republic structured along those lines would put the world’s citizens in political control and counterbalance the influence of the transnational elite. This structure will help to protect diversity, pluralism, group identities, traditions and minorities in individual states and across states.Converting ideas into actionThe creation of a world republic means a transition from today’s system of international law to world law. The global government envisaged here may be the result of a consolidation of today’s system of global governance into a coherent framework based on a world constitution as proposed in this paper. The legislative branch could be composed of a World Parliamentary Assembly elected by the world’s citizens (similar to a House of Representatives) and a General Assembly as representation of member states (similar to a Senate). On matters of global concern and based on the principle of subsidiarity, this world legislature would be empowered to adopt framework legislation that needs to be transposed into national law and global regulations with direct and immediate applicability. Today’s Security Council could be replaced by a Joint Security Committee set up by the two legislative bodies.Pro democracy protests in Hong Kong, 2014. (source) Authoritarian regimes are the biggest obstacleThe UN’s secretariat and the administrative structure of the UN system can be transformed into a World Commission, acting as an executive branch with cabinet functions. A reformed International Court of Justice can be made responsible to oversee the World Commission, and to ensure that global legislation is in accordance with fundamental human rights and equally applied across member states. Legally it will be necessary to amend the UN Charter and numerous intergovernmental treaties. The goal may be to draft one Comprehensive Reform Treaty that would include all necessary provisions to change all treaties concerned. Proposals to convene a Charter Review conference or a global constitutional convention have existed for a long time.We must be ready when a window of opportunity opens-Authoritarian government regimes represent the biggest obstacle as they oppose any democratic self-determination of their citizens and the advancement of democracy in the world. But it is not only them. Most governments, even if they are democracies, will only take action if they feel that it is very popular. While many people indeed recognize their identity as citizens of the world, others are turning to the myth of nationalism and reject global cooperation, let alone global government. What is more, immediate day-to-day issues divert attention from the need of solving the world’s structural problem. Finally, a democratic global legal order, with a constitution, a clear structure and division of powers, clear rules and democratic decision-making processes, is something that much of the transnational elite will consider to be adverse to their interests.We do not know when the right moment will come. However, there have been many surprises in history that even the best experts did not foresee. That’s why we need to rally behind a bold vision for our common future on this planet and must be ready when a window of opportunity opens.Jo Leinen is a Member of the European Parliament. Andreas Bummel is founder and Executive Director of Democracy Without Borders. This article is based on their book A World Parliament: Government and Democracy in the 21st Century.Credit: This article was published in the May 2019 edition of Cadmus Journal, the magazine of the World Academy of Arts and Science. This version was slightly edited.

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