In October, the EU will decide on the digital euro with the ultimate goal of complete and suffocating control of all transactions and citizens, without the possibility for anyone to dispose of money outside the “network”. This was essentially announced by the head of the ECB, Christine Lagarde, who said that “the creation of a digital euro will be decided next October”.
Lagarde revealed this, unwittingly, during a prank with someone impersonating Ukrainian president Volodymyr Zelensky. If Lagarde’s statements turn out to be true, the process of money transactions will be further restricted as the Eurozone moves to an entirely digital system, fully controlling all transactions and by extension controlling the general population, in a suffocating way.
Now no one will be able to keep any amount either in a safe deposit box at the bank or even at home.
So no one will be able to “withdraw” deposits in any bank run or banking crisis because there will essentially be no deposits. Digital money will simply disappear. But more the matter concerns the non-stop “control”, of all transactions anywhere by the centers of economic power (ECΒ).
The justifications for this transition to immaterial money are many. From “EU dependence on unfriendly countries” to terrorism.
Lagarde argues that this move will thus limit the dependence of the European Union “on the currencies of unfriendly countries or currencies that are activated through a private enterprise”.
The head of the ECB did not say that the CBDC will outperform traditional payment systems, but analysts argue that it will be a closed circuit, whose transactions will go through the European Central Bank.
Financing of… “terrorism”
Lagarde referred to the violent riots in France some ten years ago, which she claimed were “financed by small, anonymous credit cards”.
She stressed that although the digital euro may not have the ability to limit these small-scale transactions of 300-400 euros, he argues that “traditional money” has often financed terrorism, which is a reason for additional checks by the ECB.
In other words, money is to blame for terrorism, not the policies that lead to it. European regulators recently decided to impose a ceiling of €1,000 on cryptocurrency transactions in case of customer anonymity. In France, the limit for withdrawing money from ATMs and cash transactions is also at 1000 euros for French taxpayers.
Whatever happens in the future, the countdown to the creation of a digital euro has already begun. European countries now have a few months to face a major change in financial reality.
Robert F. Kennedy Jr., who recently filed to run for US president in 2024 as a Democrat, shared his concerns about CBDCs via Twitter on Wednesday.
“A CBDC that will interface with the digital identity and each certificate will allow the government to freeze your assets or limit your spending to approved suppliers if you do not comply with arbitrary dictates, i.e. vaccine mandates etc.”
“The Fed will initially limit its CBDC to interbank transactions, but we must not be naive in the face of the obvious risk that this is the first step to banning and confiscating Bitcoin as the Treasury did with gold 90 years ago, today in 1933″.
