Faster than thought

Christine Lagarde has released the official launch of Central Bank Digital Currencies for the Euro. And a lot sooner than thought, they would be released in October of this year, which is coming in less than a month.

According to the ECB chairwoman it is “of use and service of all citizens” and large scale pilot programs in China have proven the worth of CBDC’s.

What she doesn’t talk about is that CBDC’s not only enable authorities to track who spends what, where, and when—they are programmable, allowing money to be restricted for specific uses, the imposition of expiry dates, and the ability to freeze accounts based on user behaviour or location.

Once combined with digital ID, facial recognition, social credit scores and carbon allowances, CBDC’s facilitate totalitarian control on an unimaginable scale!

Beware and hold as much cash, crypto and precious metals as you can!

Sincerely,

Pele23

Posted Using INLEO