CBDC Will Be Used For "Control", ECB President Admits In Vid Chat With 'Fake Zelensky'
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by Tyler Durden
Saturday, Apr 08, 2023 - 07:10 AM
The ECB president admitted that “there will be control” in regards to a digital euro, much to the displeasure of the crypto community...
A widely shared video of European Central Bank President Christine Lagarde admitting that a digital euro will be used in a “limited” way to control the payments that people can make was taken from a three-week-old prank video.
The video was highlighted by the breaking news account Watcher Guru on April 6 and generated a significant amount of social media chatter. In it, Lagarde cited a desire to not be reliant on an “unfriendly countries currency,” or a currency provided by a “private corporate entity like Facebook or like Google.” She said she is “personally convinced that we have to move ahead” with the digital euro.
Cointelegraph traced the original source of the video to a prank video from March 17 in which Lagarde appears to speak more candidly than normal, as she believed she was speaking to Ukraine President Volodymyr Zelensky.
The pranksters have had similar conversations with other public figures, including Harry Potter author J.K. Rowling and former United States President George W. Bush.
When “Zelensky" noted that “the problem is they [European protestors] don’t want to be controlled” by a central bank digital currency, Lagarde admitted that “there will be control, you’re right. You’re completely right,” but suggested it would be a “limited amount of control,” adding:
“We are considering whether for very small amounts, anything that is around 300, 400 euros, we could have a mechanism where there is zero control. But that could be dangerous.”
But Lagarde noted that terrorist attacks can, and have been, entirely financed by small, anonymous transactions.
Lagarde’s comments have been heavily criticized by the crypto community, particularly relating to her mention that a digital euro would allow for control over people and payments.
Some users saw the bright side, suggesting that by making it clear “where all this is going,” people will be pushed towards using decentralized currencies such as Bitcoin .
The ECB began a two-year investigation into a digital euro back in July 2021 and has been reporting on its progress.
The investigation is set to conclude on Sept. 29, and according to Lagarde, a decision about whether one will be launched will be made in October.
I have dispensed with the idea that any but a handful of the visible decision makers in the West actually make decisions. Really, for me it's only a shorthand to say, "Biden wants this", or "Ursula von der Leyen believes that", or "Zelensky said whatever". All mere puppets there to say the lines and not bump into the scenery.
That's at the the tip of the iceberg, but I've heard something consistent from a number of journalists who have had occasion to meet or interview politicians and various leaders. They all say a version of, "These people are not like what you imagine from seeing them on TV. They are almost all mediocre people, and some are obviously stupid and ignorant."
The modern Western political sphere has largely become a sort of open-air kabuki. I believe it deepens insight to conceptualize it this way, which is why I'm posting this.
Really. The hell with these jerks.
CBDC Will Be Used For "Control", ECB President Admits In Vid Chat With 'Fake Zelensky' Tyler Durden's Photo by Tyler Durden Saturday, Apr 08, 2023 - 07:10 AM The ECB president admitted that “there will be control” in regards to a digital euro, much to the displeasure of the crypto community...
A widely shared video of European Central Bank President Christine Lagarde admitting that a digital euro will be used in a “limited” way to control the payments that people can make was taken from a three-week-old prank video.
The video was highlighted by the breaking news account Watcher Guru on April 6 and generated a significant amount of social media chatter. In it, Lagarde cited a desire to not be reliant on an “unfriendly countries currency,” or a currency provided by a “private corporate entity like Facebook or like Google.” She said she is “personally convinced that we have to move ahead” with the digital euro.
Cointelegraph traced the original source of the video to a prank video from March 17 in which Lagarde appears to speak more candidly than normal, as she believed she was speaking to Ukraine President Volodymyr Zelensky.
The pranksters have had similar conversations with other public figures, including Harry Potter author J.K. Rowling and former United States President George W. Bush.
When “Zelensky" noted that “the problem is they [European protestors] don’t want to be controlled” by a central bank digital currency, Lagarde admitted that “there will be control, you’re right. You’re completely right,” but suggested it would be a “limited amount of control,” adding:
“We are considering whether for very small amounts, anything that is around 300, 400 euros, we could have a mechanism where there is zero control. But that could be dangerous.”
But Lagarde noted that terrorist attacks can, and have been, entirely financed by small, anonymous transactions.
Lagarde’s comments have been heavily criticized by the crypto community, particularly relating to her mention that a digital euro would allow for control over people and payments.
Some users saw the bright side, suggesting that by making it clear “where all this is going,” people will be pushed towards using decentralized currencies such as Bitcoin .
The ECB began a two-year investigation into a digital euro back in July 2021 and has been reporting on its progress.
The investigation is set to conclude on Sept. 29, and according to Lagarde, a decision about whether one will be launched will be made in October.
I want control on what the govt is doing with our money.
I have dispensed with the idea that any but a handful of the visible decision makers in the West actually make decisions. Really, for me it's only a shorthand to say, "Biden wants this", or "Ursula von der Leyen believes that", or "Zelensky said whatever". All mere puppets there to say the lines and not bump into the scenery.
That's at the the tip of the iceberg, but I've heard something consistent from a number of journalists who have had occasion to meet or interview politicians and various leaders. They all say a version of, "These people are not like what you imagine from seeing them on TV. They are almost all mediocre people, and some are obviously stupid and ignorant."
The modern Western political sphere has largely become a sort of open-air kabuki. I believe it deepens insight to conceptualize it this way, which is why I'm posting this.
Concur.
I've met one or two and agree.
Could change "evil" to being an "vacant tool for evil".