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Posted on 06/01/2026 4:29:03 AM PDT by MtnClimber
In an interview with Handelsblatt, Bundesbank President Joachim Nagel dismissed criticism and concerns surrounding the digital euro. The possibility that the project could ultimately evolve into a form of capital control appears to play virtually no role either in banking circles or in government-aligned media.
The digital euro ranks among the most ambitious projects within the political architecture of the European Union. As the Eurosystem and the EU increasingly merge into identical and integrated political spaces, it can no longer be denied that this CBDC project is primarily a geopolitical power play by Brussels. Yet the euro-CBDC -- shorthand for “central bank digital currency” -- remains stuck in a loop. Originally envisioned years ago as already being in the project phase, the first digital wallets are now not expected before the end of 2029.
During the interview, Nagel emerged as an articulate advocate of a euro-CBDC, despite the fact that its introduction would inevitably hand enormous power to the European Central Bank as issuer and administrator of digital wallets. This would coincide with the dismantling of core business areas currently controlled by commercial banks. Nagel downplayed the danger of large-scale capital flight from accounts held at savings banks, Deutsche Bank, and others, arguing that planned digital wallets would be capped at €3,000. With this argument, Nagel attempts to minimize the undeniable risk that the technology could later be expanded far beyond its initial limits.
Unfortunately, the interview fails to clarify the substantive difference between the CBDC envisioned for the eurozone and the already existing stablecoins, most of which are denominated in U.S. dollars. There is a fundamental distinction between programmable digital money issued by a centralized state authority and digital currency services provided by multiple competing private-sector issuers.
A full-scale battle between systems is increasingly taking shape
(Excerpt) Read more at americanthinker.com ...
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An EU power grab. Next will be a social credit system similar to the one in China.
Read up how tether crypto works. It a stable coin that is 100% tied to the USD. If Europe central banks issue digital currency, it well be a stable coin tied to the Euro. Buyers of the coin will be sopping up EU central bant debt.
Tether Inc bought 138 billion US Treasuries. This is the backing for tether crypto.
NOT GOOD. NOt good at all.
I don’t trust the EU as far as I can spit. CBDC would be a handy tool for authoritarians.
The digital currency does nothing to solve Europe’s currency problem. Countries need to control how much currency is in circulation in their territory. They need to control the interest rate to control inflation. What works for Germany is poison for Greece. For Germany you can substitute any country with a strong economy and for Greece sub in any country with a weak, struggling economy. Norther Europe has stolen all the jobs from southern Europe. The EU was a terrible deal for everyone not in France or Germany. Actually, it was a bad deal for Germans too. That leaves just France, whose situation gets worse by the day. The EU is doomed. DOOMED, I SAY!...sorry. I’m going to go have a lie down now.
The entire point of digital currency is control.
Not just capital control, but social control.
“Are you misbehaving, citizen? We’re sorry. You’re money has been confiscated.”
as soon as quantum computing gets here, and all banking and medical encryption can be cracked in half a second, they will make their move. Digital this, eye scan that.
A feature, not a bug.
Hope they leave it just as it is here in the USA. At least you pretty much know where you are at most days. Using credit cards can be bad if you spend what you don’t have, but that tends to catch up with you anyway. Still don’t completely understand the digital systal, but it seems to be a way of continually revaluing what money you do have instead of leaving it up to the individual & his/her own wallet. After all, we already have inflation to deal with & that’s plenty enough.
And a bit closer….
Digital currency ping.
I think that's why they need all those huge data centers, so they can keep track of every small detail of our lives...
We all saw what happened in Paris after PSG Champions League Victory.
That is a hint to what their future will be like.
They dont talk about it.
They want a continual deflation cycle, so that you cannot save money because it disappears.
The entire point of digital currency is control.
Not just capital control, but social control.
“Are you misbehaving, citizen? We’re sorry. Your money has been confiscated.”
Yes it can happen / will happen here...we are always just one election away.
“The Iranian military’s brazen efforts to target and deceive American businesses demonstrate just how far the regime is willing to go to support its malign activities,” said Secretary of the Treasury Scott Bessent. “Treasury will continue to use all available authorities to cut off the Iranian regime’s access to the global financial system.”
Today’s action is being taken pursuant to Executive Order (E.O.) 13224, as amended, which targets terrorist groups, their supporters, and those who aid acts of terrorism. OFAC designated MODAFL pursuant to E.O. 13224 on March 26, 2019 for assisting, sponsoring or providing financial, material, or technological support for, or financial or other services to or in support of, the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF). In October 2007, the U.S. Department of State designated MODAFL pursuant to E.O. 13382 and designated the IRGC-QF pursuant to E.O. 13224.
https://home.treasury.gov/news/press-releases/sb0515
US has not confiscated Russian funds.
They don’t care about solving any currency problems; they only care about control.
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