She said in a New Year’s video address published on January 2nd:
We are 25 years old but this is only the beginning of the Euro’s Journey as we bring our currency into the digital age, by preparing the foundation for a possible digital Euro to complement cash. By the way, by the same token we are also working hard on even more beautiful bank notes.
We will keep working towards greater European integration in whichever way we can. Your Euro, your money.
Moreover, LaGarde and others associated with the ECB and EU, including Ursula von der Leyen, reiterated their goal to provide new, innovative solutions for the EU in the digital age. They wrote in a blog post:
Solutions must embrace the scale made possible by working together in Europe. Building a genuine capital markets union that spans the continent to mobilise private finance. Using European tools and policies to strengthen our competitiveness and security, for example by reinforcing the existing structures through revamped fiscal rules and a more robust banking union. And bringing the single currency itself into the digital age, by preparing the foundations for a potential digital euro that can complement cash.
As the French writer Anatole France once remarked: “To accomplish great things, we must not only act, but also dream; not only plan, but also believe.” The first 25 years of the euro have shown just how successful a dream can be. But as the world changes around us, our action proves that a united Europe provides the answers the Europeans and the world need.
In October, the ECB had announced that they have moved into the next phase of development for the digital euro. At the time, Lagarde said that “the digital euro is on the move.” She made sure to note that “cash is here to stay.”
AUTHOR COMMENTARY
No, it is not our Euro, it’s yours: no, it’s not our money, it’s not real money nor is it worth the paper and plastic its printed on. Do not gaslight us; especially when you tell us this CBDC will work to “compliment” cash.
Yeah, maybe that’ll be the case at first to sell the deception, but anyone that has modicum of knowledge as to what these people want, know that these people are salivating to get rid of cash, so they can track and trace every single transaction in real time, and tokenize all assets, contracts, transactions, and even the buyers and lenders themselves.
The rich ruleth over the poor, and the borrower is servant to the lender.
Proverbs 22:7
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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It could be that phase 1 is CBDC with cash and then phase 2 is CBDC only.