I would like to draw attention to the digital euro that is about to be introduced.
The digital euro would be for all Europeans to use, from everywhere to everybody and everywhere they want to send the money in the euro area. It would be risk-free and simply technological progress, says Executive Board member Fabio Panetta at the @EBFeu's online event. Link:
https://twitter.com/ecb/status/1409851396795645966
— European Central Bank (@ecb) June 29, 2021The digital euro is nothing more than the disappearance of cash.
Here's what it means when the cash disappears:
All banks will disappear and only 1 central bank will remain.
All money flows are monitored and stored. Black money is no longer possible.
There will be a system that determines your access to money, for example whether you can get a loan and how much you can borrow. That goes for citizens, small and medium-sized businesses, and for foundations and organisations.
There is absolutely no democratic possibility to influence central bank policy.
This situation is not a theory, but soon a fact.
We will be persuaded with arguments: Interest on our savings and promises about inflation and protection of the European currency, and equality for all.
All these promises cannot possibly be fulfilled in the long term.
It's the same as the promise that you will get your freedom back if you get vaccinated.
Once the cash is gone, the stranglehold is total.
What I'm saying above can be and it can't be.
After all, you never know.
But I want to have said it.