The aim is to have the digital euro fully in place by 2030 in order to move Europe fully into the United Nations' post-capitalist system described in Agenda 2030.
When asked how he would convince people that CBDCs would be a trusted medium of exchange, Bahrain’s central bank governor said that COVID made the digital transformation ‘something of a requirement’ that had ‘very little resistance.’
Programmability is a key feature of CBDC, where governments, banks, and their customers could have total control over when, where, and how your money is spent.
With Europe beset by recession and rising inflation, largely due to sanctions on Russian energy, European Central Bank boss Christine Lagarde has instead decided to blame 'climate change.'
'My personal view is that any institution has to actually have climate change risk and protection of the environment at the core of their understanding of their mission.'