Thursday, March 16, 2023
Western governments are on the verge of introducing expiring money
The European Central Bank (ECB) is considering using negative interest rates, a tool that erodes the value of your money, as it introduces the digital euro — its central bank digital currency (CBDC).
This is according to Sarah Palurovic, the executive director of the Digital Euro Association (DEA) think tank.
During an appearance on the Poundcast podcast, Palurovic said that the ECB wants to “keep the possibility open for tiered remuneration” after it introduces the digital euro because the ECB wants to have “measures that incentivize or disincentivize people to hold more or less CBDCs.” She added that one of the measures the ECB is considering is negative interest rates.
Well this is terrible. This is a big sloppy step down the slippery slope toward total control. We should make sure (to the extent we can -- I don't recall anybody asking me about this!) that nothing like this happens with the dollar.
In CA, I notice you now have to digitally check in whenever you buy alcohol, this even if you are obviously of age. So now the state knows how much you drink, which would seem to me to be one's own business. No doubt they have other excuses for gathering this information, such as public health. But there are less intrusive ways to gather that information.
Gold doesn't expire. And there's no Capital Gains Tax here on gold sovereigns - coin of the realm, you see. No doubt the swine will try the FDR gambit. No doubt our so-called Supreme Court will be as supine as yours was.
Posted by: dearieme | Mar 16, 2023 3:33:00 PM