WARNING: The European Central Bank is Preparing to Launch a Digital Euro

WARNING: The European Central Bank is Preparing to Launch a Digital Euro
Published: November 2, 2020

Source: Economic Policy Journal

 Christine Lagarde, president of the European Central Bank, just posted this on her Twitter feed:





Christine Lagarde


@Lagarde

Replying to @Lagarde
We’ve started exploring the possibility of launching a digital euro. As Europeans are increasingly turning to digital in the ways they spend, save and invest, we should be prepared to issue a digital euro, if needed. I’m also keen to hear your views on it https://epsilon.escb.eu/limesurvey3/434111?lang=en


5:15 AM · Nov 1, 2020

This is an extremely dangerous step.
It is the first step in the direction of abolishing physical currency. 
 
Once physical currency is abolished, the government that has gone totally digital with its money will be able to see every transaction made by its citizens. Privacy in transactions will be gone. It is then only a small step to control what can and can not be purchased.
 
A government-controlled digital currency is one of the most dangerous threats to liberty in our age.

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