According to a former executive director with the World Bank, Erik Bethel, Communist China is on the verge of creating a digital version of its currency (official called renminbi but popularly referred to as the yuan) that could result in the regime going cashless in the near future.
It will be the world’s first government-backed digital currency.
In an interview with CBN, Bethel states the regime’s digital currency, similar to the Bitcoin, will be controlled by the country’s national bank, the People’s Bank of China.
As part of its testing phase, the Chinese Communist Party (CCP) will soon release $6 million dollars to its citizens that can use one of two apps approved by the CCP to make purchases. It is believed that the communist regime is preparing for a full launch of its digital coin in time for the 2022 Winter Olympics.
Once this process starts, the CCP will have full access to people’s spending 24/7.
Many believe the move is just another step in the Communist regime’s attempt to regulate and moderate the behaviour of its citizens by controlling their access to money.
Yaya Fanusie, a former CIA analyst, who now works for the Center for a New American Security, told CBN that in addition to monitoring their spending, it will also give the CCP the ability to control people’s spending:
“This technological ability is something the government has never had before. It always had to go to companies and say ‘ok, cut off this person. Now, the Chinese government, I think, with sort of the proverbial flip of the switch, can make people fall in line by cutting off their access to money.”
The new digital currency would ultimately be tied to the communist regime’s social credit system that monitors people’s online behaviour and as well their real-world behaviour with an estimated 600 million CCTV cameras.
People are awarded points based on behaviour approved by the CCP, and points are removed due to anticommunist behaviour, such as posting bad things about communism or going to church.
The social credit system has already prevented people from purchasing airline tickets and even property because their accumulated points were too low.
Eventually, any foreign companies wanting to do business in China will be forced to purchase its digital currency, and some suspect that one of the CCP’s long term goals is to have its digital currency replace the American dollar as the world currency.
Written two thousand years ago, the Book of Revelation provides a record of Apostle John’s vision of the end times. It was written in figurative language, and over the years there have been countless attempts to interpret its meanings.
But I think John intended his vision to only be fully understood as the events unfolded.
One of the images that the Apostle repeatedly saw was a dragon, that represented the power behind the antiChrist.
13 The dragon stood on the shore of the sea. And I saw a beast coming out of the sea. It had ten horns and seven heads, with ten crowns on its horns, and on each head a blasphemous name. 2 The beast I saw resembled a leopard, but had feet like those of a bear and a mouth like that of a lion. The dragon gave the beast his power and his throne and great authority. (Revelation 13:1-2 NIV)
The dragon has long been a symbol of China. In a propaganda video produced by the Chinese Communist Party, the rapper sings “The red dragon ain’t no evil”. Coincidentally, the Apostle John also had a few things to say about a ‘red dragon’ (Revelation 12:3).
And in his vision, John said that one of the main goals of the dragon was to control people through their finances, preventing people and companies from buying or selling without taking the mark of the beast:
16 It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, 17 so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name. (Revelation 13:16-17 NIV)
According to Fanusie, another concern about the Communist regime’s move to a digital currency is that the CCP will give other rogue nations, such as Iran and North Korea, access to this technology, enabling them to control their citizens as well.
And along that theme, the Apostle John talks about the dragon empowering an alliance of ten nations (crowns) of which three will rise to prominence (Revelation 13:1-3).
As we read Revelation chapter 13, other things also emerge. This dragon will be given permission to wage war against believers (Revelation 13:7) and people will also begin worshipping the dragon (Revelation 13:4).
According to Bob Fu, who heads China Aid, the CCP has just announced a program where it wants its people to hunt down religious books and anything opposed to communism:
And as well, Fu reported that Christian churches are now singing the praises of communism during their services:
Are these coincidences or a sign of the times?