Until it can no longer "ensure" the value.
As posted on another thread: I will rely on the stellar examples of the Weimar Republik through to Mugabe's delightful Zimbabwe for a model. Those billion dollar Z$ are now worth about five USD on EBay, proving that "you can't go bankrupt if you print your own money."
Get one today. https://www.ebay.com/b/Z-1-Billion-Zimbabwean-Paper-Money/162228/bn_73179010
Who knows? In time we might even find a "trillion dollar coin" in EBay, or some future version of the same.
Lucky for us several red states ate legislators have pushed through the commercial code update that does the same here.
Digital currency the Hack-able Money they don’t even have to leave home to take it all
Oh and when the internet goes out so does sales
The camel is a horse designed by a committee.
Looks like all the Euroweenies are about to get humped (after they are each identified for future humping).
Rules For Digital Euro
ALL your euors belong to ours
Those without the wish to enroll in digital ID will be struck off the list. It will be interesting to see the players in this, because the "digital platform" will be under someone's / some companies' control, and "hacks" are certain, given the clever "alternative" and open source folks all around the world.
When a hack or even a "digital" error is made, "poof" goes your digital currency.
And just how do they think they are going to trade in this worthless digital currency with the BRICs nations who now trade in asset backed currencies? See how that doesn’t work? And neither will Fed Coin.
The true purpose of “digital currency” is to further increase the depth AND EASE at which the “authorities” can spy on you without warrant via your money trail. Instead of existing normal clearing processes for transactions everything would be instaneous and government would have access to the trails of everything, instaneously.
Just prior to the plandemic, NY city council made it illegal for restaurants and take-out places to operate as cashless businesses because it was "discriminatory" to "communities of color". Other places around the country did the same thing. Should be interesting to see the mental gymnastics used to try to make this work.