Europe’s Central Bank Takes Major Step Toward Paperless Currency Introducing Digital Euro

A hologram with the · symbol shines on a 200 euro banknote. Photographer: Silas Stein/Getty Images/picture alliance

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.”

  • They’re electronic versions of legal tender, available either directly to consumers or via banks
  • They are based on a technology called blockchain that aims to keep transactions secure
  • They can improve access to legal tender in countries where cash use is dwindling, while also facilitating faster and cheaper cross-border payments
  • A key challenge is to ensure the commercial banking system doesn’t suffer because people move their deposits to the perceived safety of the central bank
  • For more, read a Bloomberg QuickTake on digital currencies Read More

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.

  • Antichrist has been identified as the beast (Rev. 13:1)
  • He survives an assassination (false resurrection) (Rev. 13:3)
  • Is indwelt by Satan (Rev. 13:4)
  • Is given a mouth speaking great things and blasphemies (Rev. 13:5)
  • Is joined by a powerful religious leader (Rev 13:11) who takes control of all central banks:

“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.