The eurocrats are FULLY capable of convincing themselves of any and every bad idea out there. I’m fairly certain, with no evidence, that the coming digital Euro (and by definition authoritarian rule that will happen) beginning this fall will be watershed moment in wealth flight from “the Continent”.
I dont think the Euro CBDc will actually go into operation this year. The aim is for the rules to be in place for a CBDC this year. What Lagarde announced a few days ago was that they have the system sorted out and now require the legal rules to be in place before the end of the year.
The actual CBDC could take another 4 years to implement. Whether that's just waiting for the end of the Trump term that may then see a globalist take over in the white house, or whether it is being set up for implementation whenever the debt bubble goes out of control, are both ideas they could be considering.
From your lips to God's ears! I sincerely hope so. But he'll have to send DOGE to Brussels or better still, suppress their ability to interact on the world stage. The EU got on very well with the CIA, neocons and neoliberals, and they are still a very powerful group in America.
from the home of 2 percent inflation , nz is also know for a failed economic project instigated by then nz prime minister ROB MULDOON , it was called think big and the idea was nz was to become AN ECCONOMIC ISLAND divorced from all other currencies AND MAJOR IMPORTED PRODUCTS it failed BIG TIME , but to be fair it was an exciting time , where everyone could own a house and had an income never since repeated , and we could of been self sufficient in energy with lpg . THIS period of time reminds me of TRUMPS dreams for THE US
It would seem that the EU is looking at CBDCs to act as capital control walls, wherein the EUs reputation fir the rule of law in finance, ceases to matter. It also implies the EU no longer cares about co-reserve-currency status. Why would that be? Perhaps they are so far out on a limb with the ballooning debt bubble that stealing Russia's reserves is a necessary rule-breaking event for self preservation? Or perhaps they anticipate the demise of the EU as a key global consumer market for American and Asian shoppers. To a certain extent it's already happening in the European auto industry. Chinese buyers are not interested in any of the famous makes, so much so that Audi offers an unbadged version of its EV car as an option available to chinese car buyers who dont want to be seen in an Audi. In addition, if we are going to get CBDC capital controls, they are also automatic bail ins, which means the European consumer's discretionary budget can be encroached on by money grabbing tax authorities.
The eurocrats are FULLY capable of convincing themselves of any and every bad idea out there. I’m fairly certain, with no evidence, that the coming digital Euro (and by definition authoritarian rule that will happen) beginning this fall will be watershed moment in wealth flight from “the Continent”.
This will be the icing 🧁 on the cake 🍰.
I dont think the Euro CBDc will actually go into operation this year. The aim is for the rules to be in place for a CBDC this year. What Lagarde announced a few days ago was that they have the system sorted out and now require the legal rules to be in place before the end of the year.
The actual CBDC could take another 4 years to implement. Whether that's just waiting for the end of the Trump term that may then see a globalist take over in the white house, or whether it is being set up for implementation whenever the debt bubble goes out of control, are both ideas they could be considering.
Four years of Trump is going to put a serious kink into any globalist fantasy in the U.S.
From your lips to God's ears! I sincerely hope so. But he'll have to send DOGE to Brussels or better still, suppress their ability to interact on the world stage. The EU got on very well with the CIA, neocons and neoliberals, and they are still a very powerful group in America.
from the home of 2 percent inflation , nz is also know for a failed economic project instigated by then nz prime minister ROB MULDOON , it was called think big and the idea was nz was to become AN ECCONOMIC ISLAND divorced from all other currencies AND MAJOR IMPORTED PRODUCTS it failed BIG TIME , but to be fair it was an exciting time , where everyone could own a house and had an income never since repeated , and we could of been self sufficient in energy with lpg . THIS period of time reminds me of TRUMPS dreams for THE US
It would seem that the EU is looking at CBDCs to act as capital control walls, wherein the EUs reputation fir the rule of law in finance, ceases to matter. It also implies the EU no longer cares about co-reserve-currency status. Why would that be? Perhaps they are so far out on a limb with the ballooning debt bubble that stealing Russia's reserves is a necessary rule-breaking event for self preservation? Or perhaps they anticipate the demise of the EU as a key global consumer market for American and Asian shoppers. To a certain extent it's already happening in the European auto industry. Chinese buyers are not interested in any of the famous makes, so much so that Audi offers an unbadged version of its EV car as an option available to chinese car buyers who dont want to be seen in an Audi. In addition, if we are going to get CBDC capital controls, they are also automatic bail ins, which means the European consumer's discretionary budget can be encroached on by money grabbing tax authorities.
Multi-dimensional chess board.