Central bank digital currencies are the biggest threat out there to what remains of our liberties. From Efrat Fenigson at bitcoinmagazine.com:
Christine Lagarde, President of the European Central Bank, has announced the intent to launch a Digital Euro in October.
The European Central Bank (ECB) is laying the groundwork for the probable launch of its wholesale and retail central bank digital currency (CBDC), the Digital Euro. Christine Lagarde, President of the ECB, shared this update at their latest press conference. “President Lagarde stressed that the digital euro is ‘more relevant than ever,’” the ECB tweeted.
Lagarde emphasized that the Digital Euro, the EU’s CBDC solution, is set to launch in October 2025—provided it passes the legislative phase involving key stakeholders, including the European Commission, Parliament, and Council. Notably absent from this process is the European public, despite the significant impact this initiative will have on their daily lives.
Why Is the Digital Euro More Relevant Than Ever?
Could it be linked to Ursula von der Leyen’s recent “ReArm Europe” announcement, which proposes the creation of an EU army? This initiative requires an estimated €800 billion in funding—money the EU does not have. The options? Extracting it from EU member states and their citizens or printing fresh funds via the ECB. Either way, it’s time to warm up the ECB’s money printers!
