Bloomberg: The European Central Bank will start experimenting with a digital version of the euro while holding a public consultation in a major step toward introducing the technology.
“Our role is to secure trust in money,” President Christine Lagarde said as the ECB published a study into the benefits and drawbacks of a digital currency. “This means making sure the euro is fit for the digital age. We should be prepared to issue a digital euro, should the need arise.”
|CENTRAL BANK DIGITAL CURRENCIES EXPLAINED|
Opinion: The timing of the European Central Bank (ECB) is perfect.
On September 24, 25 and 26 our posts:
Unprecedented Monetary Overhaul (Part 1): Fed To Deposit Digital Dollars Directly To Each American
Essentially, the Fed is proposing creating a hybrid digital legal tender unlike reserves which are stuck within the financial system, and which it can deposit directly into US consumer accounts. read more
Unprecedented Monetary Overhaul (Part 2): Cashless Society Comes into View
The lament is that even as the economy was desperately in need of a massive liquidity tsunami, the funds created by the Fed and Treasury (now that the US operates under a quasi-MMT regime) did not make their way to those who need them the most: end consumers. read more
Unprecedented Monetary Overhaul (Part 3): Central Banks Take Economic Control
legislation has proposed that each American have an account at the Fed in which digital dollars could be deposited, as liabilities of the Federal Reserve Banks, which could be used for emergency payments. read more
The ECB announcement leaves little doubt that the Bank of England, Bank of Japan, Bank of China and the Swiss National Bank will follow suit as the economies of the world’s top 5 central banks take control of money.
The scene is tribulation.
“He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, 17 and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.” Revelation 13:16-17″
The global world economic system leading to one digital currency is under construction.