War On Cash Escalates: Japan Starts Testing Fingerprints As “Currency”

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Zero Hedge: “The war on cash just got serious, and of course, it is the extreme policy experimenters of Japan that are pushing the boundaries. Having dived headlong into negative interest rates, Japanese policymakers recognize full well the historical reaction of “hording cash” will not ‘create’ the nirvana of 2% inflation and break the ‘deflation mindset’ that they so long have waited for.

So, following in the footsteps of Venezuela, as Japan News reports, starting this summer, the government will test a system which will enable people to buy things at stores using only their fingerprints – thus enabling full monitoring (and inevitable control) of spending (or saving).

Opinion: The headline “Venezuelans may soon need to have fingerprints taken befor they can buy bread and other staples”, from March 9, appeared to be little more than another desperate measure from a crumbling Socialist  state.

Pros:

  • No cash eliminates loss due to theft or carelessness
  • Stamp out hoarding and panic buying
  • Stop people from buying too much of a single item
  • Preventing people from impersonating other customers
  • Prevent crime and relieve users from the necessity of carrying cash or credit cards.

Cons:

  • Concerns that tourists will be uneasy about providing personal information such as fingerprints
  • Totalitarian control of the final step of central planners – control spending habits
  • It doesn’t completely line up with Revelation 13:16-17

He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name

So, for now we watch.

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