Europeans could soon lose their Financial Freedom that's because the European Central Bank or ECB has been rushing to roll out its digital Euro.
More than one thousand demonstrators marched through the streets of Amsterdam in early February, they directed their ire at something that does not even exist the digital euro.They feared that it would be used to replace cash entirely and the state would use it to track and control their spending.
In this video we will explore what the European Central Bank is and the pros and cons of it for humanity and then you can decide whether this is a good thing or not. Before we continue, give this video a thumbs up and hit the subcribe button, lets continue
The EU don't want you to have any alternatives to the central European digital Bank currency because it gives them power.
If you are in a relationship where someone else who controls your money then you are in an abusive relationship.
The EU say that they worry that Europe lacks its own payments champion, leaving it overly reliant on the likes of Visa, Mastercard, PayPal or even Apple, which recently launched savings accounts and a credit card in partnership with Goldman Sachs.Their arguments for it are clear it'll be quick, easy and cheap to transact. There'll be no problems at all, no Loose Change lying around.
So what do you think? Is it another way to control the people of Europe or is the EU trying to make life easier for it’s members?
Well lets look at a real example of how this could play out. Do you remember the Canadian truckers? They were legally and lawfully going about their business driving trucks but then legislation came in demanding that unless they've been double vaxed, they couldn't continue doing long distance Lorry driving. So they protested and in the end their bank accounts were closed down by the Canadian government. Well with the Central Bank digital currency, anyone that decides to stand up and fight against the government could be pressed down simply with the push of a button. It gives the government total control over our lives.
So what is the Central Bank digital currency?
[insert video]
And this is not just the EU In its recent progress report, the ECB shared more details about the features of this digital currency, stating the roll out date would be the twenty third of october this year. The digital Euro scheme will require all businesses to accept the digital Euro as a payment option. Additionally, businesses will need to have the capability to pay their employees using digital Euros.However, putting control fears aside, let's talk about the US dollar which accounted for a significant percentage of global reserves which means currency the US has the power.At the beginning of the century, the US dollar accounted for a significant percentage of global reserves. However, due to the increasing number of countries facing US sanctions, there is a growing trend of nations shifting their reserves away from the dollar. This raises concerns about the future relevance of the US dollar and its potential impact on the country. While it is unlikely that the dollar will become completely irrelevant, its significance may gradually diminish over time. This could push the US into a corner, motivating the government to take action to regain control. One proposal is the introduction of Central Bank Digital Currencies (CBDCs), which are claimed to benefit the unbanked population.
As it stands, we are seeing the emergence of brics
BRICS is an acronym for the powerful grouping of the world's leading emerging market economies, namely Brazil, Russia, India, China and South Africa. The BRICS mechanism aims to promote peace, security, development and cooperation.
The BRICS plan to back their new currency with gold and other metals with intrinsic value.
The brics represents a counterbalance to the dominance of the traditional Western powers in the global economy and governance structures. This is important because it helps to promote a more multipolar and democratic world order, where the voices and interests of developing countries are better represented and reflected in global decision-making.
0 comments