Apple CEO claims next generation of children will have all purchases electronically tracked

Sunday, November 29, 2015 by: J. D. Heyes
Tags: cashless society, government control, electronic transactions

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(NaturalNews) "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." – Revelation 13:16-17

That passage from the King James version of the Bible came to mind I as considered comments made by Apple boss Tim Cook recently, one of the few elite master-planners who are attempting to fashion the globe after their own evil vision.

As noted by the UK Telegraph, Cook, during a discussion at Trinity College in Dublin, Ireland, recently, predicted the end of cash as we know it – to be replaced by electronic purchase transfers that essentially mimic the Biblical "mark of the beast," because they will be conducted with devices that can be tracked (and controlled), by the powers that be: large corporations and the government.

What's more, Cook wasn't predicting some far-off event; he said he believed that the death of cash was likely to occur by the time the university students he was addressing started their families.

At present, The Telegraph noted, cash is still very widely used. In the UK, for example, consumers, based on data from Payments UK, an industry watchdog organization, utilize cash more than half the time [this figure is much higher in the U.S. – more on that below]. However, use of cash is receding, especially as more and more people switch to online methods of exchanging payment – through apps like PayPal, Google Wallet and, of course, Apple Pay.

Already the vast majority of commercial activity in the U.S. is conducted electronically

"Your kids will not know what money is," Cook said while answering questions from Trinity students.

The Telegraph cited results of a survey in an August 2015 news report, in which 39 percent of respondents said they did not think they would have any use for cash within a decade.

Specifically, the paper reported:

"Cash is on the way out as growing numbers of Britons believe contactless cards and mobile payments will be the dominant means of purchasing goods and services in the near future.

"Only half of Brits believe cash will still be in day-to-day use in a decade's time, while 48pc believe they will use contactless payments every day by 2025, according to the survey from Lloyds Bank."

But as most Americans – as well as citizens of other advanced societies – know, our "online" world, which is where cashless transactions take place, is in grave danger, both from hackers and from a malevolent government that could wipe out your savings and holdings just as easily as a cyber warrior.

Though Tim Cook might think a cashless society is all well and good – and why wouldn't he, considering he's pushing a product that would help usher it in, via Apple Pay? – not everyone agrees. Some critics of such a system may not refute it's technological efficiency, but don't see how it would be very conducive to freedom.

Great potential for abuse by government

Writing in CNBC in December 2013 Scott A. Shay of Signature Bank noted:

"Econgularity, shorthand for economic singularity, is an ugly word I created to describe an unfortunate approaching moment in time when our current technological snooping prowess, the ease of big data manipulation and our sprint to a cashless economy will converge. This will happen in such a way as to permit governments to exercise incredibly powerful control over all human behavior."

Shay cited a MasterCard study from around the same time period that found 80 percent of U.S. consumer transactions are done electronically – and again, this was almost two years ago.

And while governments and banks could save money by not having to print or handle cash and coin, "there is a sinister risk to a cashless society," Shay noted, by giving governments "unprecedented access to information and power over citizens."

And at present, he noted, "we have little evidence to indicate that governments will refrain from using this power."

Sources:

Telegraph.co.uk

Glitch.news

CNBC.com

Telegraph.co.uk