The International Monetary Fund (IMF) is an organization of 190 countries that was formed in 1945 at the Bretton Woods Conference. Its purpose is to promote international trade and stabilize world economies. An IMF report dated March 29, 2023, said, “The global central banking community is actively exploring Central Bank Digital Currencies (CBDC), which may have a fundamental impact on both domestic and international economic and financial stability.” This report also said, “Over 40 countries have approached the IMF to request assistance through CBDC capacity development.”
A recent CBDC survey of 81 central banks, representing close to 76 percent of the world’s population and 94 percent of global economic output, found that “9 out of 10 central banks are now exploring CBDCs, with half developing or running concrete experiments.”
What Does All This Mean?
Central banks are increasingly pondering whether to issue digital currencies to the public. Here is the scary part: the IMF announced that they would not allow national currencies for member nations. This means that no government can have its own digital currencies. Instead, the digital currency will be a global currency. Last month at a conference in Morocco, IMF managing director Kristalina Georgieva told conference participants that the transnational agency is developing a global platform for central bank-controlled digital currencies. She publicly confirmed, “At the IMF, we are working on the concept of a global CBDC platform.”
IMF member countries submit to annual ‘surveillance’ (monitoring) of their policies by the IMF. Each nation’s policies and goals should connect all nations with a global currency, not “fragment” the world by using their own currency. If one works backward from Revelation 13, one can see how the Antichrist system is being developed right before our eyes.
Digital Currencies and Digital Identification
If (or, when) this system is implemented, these Central Bank Digital Currencies will impact all the residents of each IMF country. Every citizen will be required to possess proper “digital identification,” or they will not be permitted to access the new global digital financial system. When central banks all over the globe roll out their new central bank international digital currencies, to use those currencies, you must “prove that you are who you say you are.” The only way to do that is with the new global system of digital identification, which is currently in the process of being introduced.
What About Here in the United States?
This past May, a recent survey by the Cato Institute, a think tank in Washington D.C., revealed that only 16% of Americans would support the government issuing a central bank digital currency. Why do 74% of Americans oppose a CBDC? Because they fear the government could control what they buy and sell. If you spend twenty dollars in cash, no one knows who spent it or what was bought with that twenty-dollar bill. However, that all changes with CBDC. Not only would/will central banks have complete control of the rules and regulations, but they would also have the technology to enforce those rules and regulations. CBDCs would also abolish all U.S. cash and directly link citizens to the government’s central bank.
Will CBDC technology benefit Americans? That remains an open question. Some tout the potential benefits, while others warn of freedom-crushing financial bondage. In a June 5th article in The Hill, Peter St. Onge pointed out, “Bureaucrats could prevent you from buying the wrong thing, from raw milk to gas stoves to firearms. They could stop you from donating to the wrong person, as we saw with the Canadian truckers. They could even force you to buy whatever a government bureaucrat tells you to.”
From monitoring financial activity to freezing or seizing personal assets, CBDC offers a powerful tool for controlling the masses.
Financial Trouble Ahead
Whether we fully understand global digital currency or not, this is the direction the world is going. Not because governments or banks say so, but because Scripture says there will be a one-world financial system one day. As for the marketplace, the Bible says that during the Tribulation no one will be able to buy or sell unless they have taken the Mark of the Beast (Revelation 13:16-17). In the Antichrist system, privacy and freedom will be abolished.
“And he causes all, the small and the great, and the rich and the poor, and the free men and the slaves, that they be given a mark on their right hand or on their forehead, and that no one will be able to buy or to sell, except the one who has the mark, either the name of the beast or the number of his name.” (Revelation 13:16-17)
We are witnessing the technology for the financial system of the Beast develop before our eyes. The pieces really are falling into place. Thankfully, Christians will not be around to participate the culmination of that one-world system, because Jesus has promised to rescue us from the wrath to come. And you can take that to the bank!
