'To protect the financial system, there would be a cap on how many digital euros any individual could hold.' ∽ the EU Parliament’s Press Release, 23 June 2026
Anyone who believes that the government does not have full knowledge of any crypto or digital currency transaction is an ignorant fool. I still have people tell me that "bitcoin is anonymous". I looked into bitcoin in 2012 when it was about USD2 or something. It was clear to me at the time that it was a psyop to get people to buy it and then have the option to charge them with tax evasion for not paying the capital gains tax. That is happening in the US now against specific people. I thought it might go to USD1,000, not 100K. I didn't buy it because I knew it was a trap created by the C300. Anyway who bought bitcoin and made capital gains off it can now be prosecuted for unpaid capital gains tax. Oh well...I did warn people.
A digital EUR will be in no way private. It will be the same as using your visa card linked to your bank account to make a transaction. It is no longer possible to spend money anonymously apart from cash. And all this fear mongering about "money laundering" is just that. Governments are the biggest "money launderers" of all.
Exactly. I do follow, kinda and spuriously so, some of the more prominent bitcoin hodlers or whatever they are called; given that it is obvious that the intel community/deep state has had a hand in creating Bitcoin, it's hard to avoid the thought of the entire bitcoin-esque charade was a psy-op to a) get the story out there and b) have the trouble-shooting done by ostensibly private, if shady, characters (here's looking at you, Sam Bankman-Fried).
My personal analogy is the entire data storage of all internet pages visited, which only serves to produce kompromat to be used if needs be; the stories about regular, seemingly random, people being denied entry into the US due to 'wrong' expressions on social media merely serve as an illustration of this.
The digital euro cannot be 'private' as it is, well, digital; there's a trace of every transaction on some servers; I presume third and fourth-party data processing, which means said data ends up somewhere whose servers have backdoors.
Plus the EU now runs its very own 'Anti-Money Laundering' agency, which has received authority (sic) to levy charges via bureaucratic shenanigans, thus ending the presumption of innocence, to say nothing about probable cause, a judge signing off on a search warrant, and a court trial: https://fackel.substack.com/p/whither-europe-4-farewell-presumption-cb5
It's all there for everyone to see, that is, for those who wish to confront reality-as-is.
I have worked in telco since 1993. So I know all about “privacy”. LOL!
Today, every key stroke on every electronic device and every voice call is recorded. Indeed, our phones and our internet cameras and our TVs are recording our conversations even when they are “off”.
One of the reasons to create phones with no ability to remove the battery is so that the phone can listen to you even when it is “off”.
I mean, in July 2008 I was offered a multi-million dollar bribe to help them build the surveillance state specifically because one of my talents is “fraud detection” which is not a million miles away from “surveillance”.
The number one reason that it is no longer possible to break free of the control grid that is being more and more tightly implemented is that by 2013 the surveillance state was so thoroughly implemented that it became impossible to organize any sort of viable opposition without the C300 knowing about it.
This is why everyone knows about it now. They don’t care because they know it can’t be stopped. The C300 will continue to implement their control state and there is nothing anyone can do about it now. Oh well…
"however, this is all both pointless and surveilled, right?"
No, it is not at all "pointless" to increase the level of control over the population. They are not done with their plans. There is plenty more to go.
Some men will rebel because they won't know its pointless, or maybe they will know its pointless and try and rebel anyway. Some really stupid men will be incited to rebel by women. "You are not a real man unless you fight back against the government".
They will get themselves killed like about a million Ukrainian men have. So there will be more wars, more civil unrest, ore plan-demics, food shortages and water shortages. Men are more inclined to rebel when they are hungry.
So there are very good reasons to increase the level of control make handling those who rebel some degree easier. Once all the rebels are dead they will settle down to a very high level of control of "the masses". They will not make the mistake of leaving the "rebellion door open" for at least 500 years, just my opinion of course.
Livestock control is the template: breed the desirable traits while removing the troublemakers, such as horned sheep (in my example); also works wonders in terms of delivering unruly and/or otherwise 'problematic' ewes, such as those who don't have a maternal instinct, to the slaughterhouse. Plus the tagging and the geofencing (I'm using Nofence, google it) are part of the game these days.
Yep. I grew up in sheep country. I killed a lot of sheep with my uncle who was a butcher. The mechanisms of control will become more effective over time. The pressure to comply greater. The punishment for non compliance easier to implement. They are treating people pretty much exactly like sheep. Jesus was “the good shepherd” after all.
Might? Money-laundering via what in effect would be non-personal checks, luncheon-coupons or cashcards is a feature. Case in point, Malmö in the South, where it is estimated that 1/3 of the city's economy is white, 1/3 gray and one third black - as in, legal, legal-adjacent, and illegal.
No econ-police force would ever get the go-ahead to really clean up as it would tank the economy of the entire region, the Socialist Democrat party, and the unions and the islamic congregations as well as the two gypsy gangster clans running a lot of businesses down there.
The state after all gets no taxes if the criminals' money never enters the state's system.
Sweden's state casions operated on that principle: you hand over your cash (think the upper limit was 35k) for tokens, minus fee. Then play a few hands, have a drink, and then you cash in your tokens, minus fee. You paid about 15% of the sum you initialled cashed for chips and tokens, even lower than the tax you pay when you cash out profits from your business.
And since you now have a receipt from the state casino, where your ca 30k in cash comes from, those 30k are now legal as you can show where you got them from.
The various cash-under-other-names-stuff is the same thing dressed differently.
Here in Sweden you may pick berries and sell them, for a sum not exceeding 12 500:- total per year, without paying taxes on the sum earned. It was 10 000:- in the 1980s.
Given how time-consuming berry-picking is (as is picking cones and making firewood), no-one could ever live off of money from that; it's a side-gig and always was
Yet no matter the political colour of the government in office, making it tax free or raising the bar to f.e. 50 000:-/year is impossible.
Note: this is about people picking berries on the side. If you do it as a hired hand, it's different.
Both of your texts summarized some of the problems with this strange animal called the digital Euro. The issuance of the digital Euro or any other digital currency, lead to unsolvable problems. With a digital Euro, I suspect that you will compound the inflation problems; already the Eurozone doesn’t have a fiscal union and a monetary union, Milton Friedman warned about this danger. Both work together, if you don’t have both, you have none. The digital Euro will compound the inflation since the whole Eurozone will be tempted and will succumb to an endless issuance of digital Euro. For politicians-bureaucrats as those making up the European Commission, it is a pot of gold waiting to be used and have no doubt, Europe will be flooded with “funds” for everything, already you have for armaments, and other fantasies, with the digital Euro, the floodgates are now open. The creation of “funds” is only one of the many problems. The gap in any national budget will be closed with the digital Euro or at least, attempts will be done in that direction. For the peasants, (sorry “citizen”), they will see the rise of a strange hybrid monster; the ECB will created individual accounts, it is reminiscent of those day when in the USSR, each citizen had his bank account with the GosBank. It was the centralization at its best of all the savings since commercial banks were absent as one may guess. In Europe, there is a reason why the ECB wants to limit the quantity of Euro in any bank account the ECB will effectively control, it is because otherwise, the ECB will automatically transform all commercial banks in mere distributing counters of an inflated currency. It is a real danger that commercial banks are in danger to be unable to open the next business day if the digital euro is not contained (I use the word for a reason), according the Basel Agreement, all commercial banks must have a minimum of 10% of liquidity otherwise, they cannot open their doors. There is a reason why the LIBOR (London Inter-Bank Overnight Rates) exists. It provides liquidity to banks, allowing them to function. Now, if there is a run on a bank in Europe, be sure that the run will not be limited to a single bank, and for the average peasant having all is money with the ECB is the rational choice plus, the account holder may have a possibility to earn some interest, competitive with those offer by a commercial bank. This danger is well known, discussed, and understood. It is the reason why a few years back, the Australian, Canadian, and Colombian Central Banks abandoned their plan for a digital currency, a reason plainly stated for this abandonment was the stability of the financial system. Since then, the Bank of Canada has reversed course, and stand ready to work on it again, because the current government obsessed with control, wants it indifferent to any consequence.
Well, this entire shitshow is a political sideshow to masquerade the massive problems with inflation running wild already, in particular since QE was introduced by the late 2000s. Whereas it never really stopped, it ramped up considerably during Covid, and now there are problems, you see?
You write: 'This danger is well known, discussed, and understood.'
There's also the case studies of CBDC adoption (imposition) in Nigeria and India, but these were mere canaries in coal mines, and my intimation is that the hoi polloi in the EU will adopt the digital euro out of convenience and some pushing: it's obvious that adoption will be facilitated by transfer payments coming 'only' via such digital euros before too long: the annual/monthly mean income in the EU (after taxes) is conveniently just below 3,000 euros (as per the World Bank, data from 2021: https://data.worldbank.org/indicator/NY.ADJ.NNTY.PC.CD?locations=EU), and pension and other welfare payments will be similarly paid in digital euros before too long.
Perhaps early adopters will get a small extra or the like for a time, but this is merely the equivalent of getting a burger and some fries if you take the poison/death juices.
Anyone who believes that the government does not have full knowledge of any crypto or digital currency transaction is an ignorant fool. I still have people tell me that "bitcoin is anonymous". I looked into bitcoin in 2012 when it was about USD2 or something. It was clear to me at the time that it was a psyop to get people to buy it and then have the option to charge them with tax evasion for not paying the capital gains tax. That is happening in the US now against specific people. I thought it might go to USD1,000, not 100K. I didn't buy it because I knew it was a trap created by the C300. Anyway who bought bitcoin and made capital gains off it can now be prosecuted for unpaid capital gains tax. Oh well...I did warn people.
A digital EUR will be in no way private. It will be the same as using your visa card linked to your bank account to make a transaction. It is no longer possible to spend money anonymously apart from cash. And all this fear mongering about "money laundering" is just that. Governments are the biggest "money launderers" of all.
Exactly. I do follow, kinda and spuriously so, some of the more prominent bitcoin hodlers or whatever they are called; given that it is obvious that the intel community/deep state has had a hand in creating Bitcoin, it's hard to avoid the thought of the entire bitcoin-esque charade was a psy-op to a) get the story out there and b) have the trouble-shooting done by ostensibly private, if shady, characters (here's looking at you, Sam Bankman-Fried).
My personal analogy is the entire data storage of all internet pages visited, which only serves to produce kompromat to be used if needs be; the stories about regular, seemingly random, people being denied entry into the US due to 'wrong' expressions on social media merely serve as an illustration of this.
The digital euro cannot be 'private' as it is, well, digital; there's a trace of every transaction on some servers; I presume third and fourth-party data processing, which means said data ends up somewhere whose servers have backdoors.
As to the money laundering aspect, I wrote about precisely that: https://fackel.substack.com/p/dac8-or-the-end-of-privacy-in-crypto
Plus the EU now runs its very own 'Anti-Money Laundering' agency, which has received authority (sic) to levy charges via bureaucratic shenanigans, thus ending the presumption of innocence, to say nothing about probable cause, a judge signing off on a search warrant, and a court trial: https://fackel.substack.com/p/whither-europe-4-farewell-presumption-cb5
It's all there for everyone to see, that is, for those who wish to confront reality-as-is.
Hi Epimethus,
I have worked in telco since 1993. So I know all about “privacy”. LOL!
Today, every key stroke on every electronic device and every voice call is recorded. Indeed, our phones and our internet cameras and our TVs are recording our conversations even when they are “off”.
One of the reasons to create phones with no ability to remove the battery is so that the phone can listen to you even when it is “off”.
I mean, in July 2008 I was offered a multi-million dollar bribe to help them build the surveillance state specifically because one of my talents is “fraud detection” which is not a million miles away from “surveillance”.
The number one reason that it is no longer possible to break free of the control grid that is being more and more tightly implemented is that by 2013 the surveillance state was so thoroughly implemented that it became impossible to organize any sort of viable opposition without the C300 knowing about it.
This is why everyone knows about it now. They don’t care because they know it can’t be stopped. The C300 will continue to implement their control state and there is nothing anyone can do about it now. Oh well…
I do remember you posting something to this effect earlier, so, yes, privacy™ is dead.
If you're correct about the impossibility of stopping 'them', however, this is all both pointless and surveilled, right?
Looks and feels like keeping tabs, eh?
"however, this is all both pointless and surveilled, right?"
No, it is not at all "pointless" to increase the level of control over the population. They are not done with their plans. There is plenty more to go.
Some men will rebel because they won't know its pointless, or maybe they will know its pointless and try and rebel anyway. Some really stupid men will be incited to rebel by women. "You are not a real man unless you fight back against the government".
They will get themselves killed like about a million Ukrainian men have. So there will be more wars, more civil unrest, ore plan-demics, food shortages and water shortages. Men are more inclined to rebel when they are hungry.
So there are very good reasons to increase the level of control make handling those who rebel some degree easier. Once all the rebels are dead they will settle down to a very high level of control of "the masses". They will not make the mistake of leaving the "rebellion door open" for at least 500 years, just my opinion of course.
Livestock control is the template: breed the desirable traits while removing the troublemakers, such as horned sheep (in my example); also works wonders in terms of delivering unruly and/or otherwise 'problematic' ewes, such as those who don't have a maternal instinct, to the slaughterhouse. Plus the tagging and the geofencing (I'm using Nofence, google it) are part of the game these days.
Yep. I grew up in sheep country. I killed a lot of sheep with my uncle who was a butcher. The mechanisms of control will become more effective over time. The pressure to comply greater. The punishment for non compliance easier to implement. They are treating people pretty much exactly like sheep. Jesus was “the good shepherd” after all.
Might? Money-laundering via what in effect would be non-personal checks, luncheon-coupons or cashcards is a feature. Case in point, Malmö in the South, where it is estimated that 1/3 of the city's economy is white, 1/3 gray and one third black - as in, legal, legal-adjacent, and illegal.
No econ-police force would ever get the go-ahead to really clean up as it would tank the economy of the entire region, the Socialist Democrat party, and the unions and the islamic congregations as well as the two gypsy gangster clans running a lot of businesses down there.
The state after all gets no taxes if the criminals' money never enters the state's system.
Sweden's state casions operated on that principle: you hand over your cash (think the upper limit was 35k) for tokens, minus fee. Then play a few hands, have a drink, and then you cash in your tokens, minus fee. You paid about 15% of the sum you initialled cashed for chips and tokens, even lower than the tax you pay when you cash out profits from your business.
And since you now have a receipt from the state casino, where your ca 30k in cash comes from, those 30k are now legal as you can show where you got them from.
The various cash-under-other-names-stuff is the same thing dressed differently.
Ah, but you see, there are differences between the hoi polloi and the high and might, isn't it?
It's the equivalent of Stalin's alleged quip about one versus a million deaths; the same applies to the too big to fail financial institutions.
The problem™, though, is always said to be the hoi polloi not declaring a few pennies on the dollar.
Want a laugh?
Here in Sweden you may pick berries and sell them, for a sum not exceeding 12 500:- total per year, without paying taxes on the sum earned. It was 10 000:- in the 1980s.
Given how time-consuming berry-picking is (as is picking cones and making firewood), no-one could ever live off of money from that; it's a side-gig and always was
Yet no matter the political colour of the government in office, making it tax free or raising the bar to f.e. 50 000:-/year is impossible.
Note: this is about people picking berries on the side. If you do it as a hired hand, it's different.
Both of your texts summarized some of the problems with this strange animal called the digital Euro. The issuance of the digital Euro or any other digital currency, lead to unsolvable problems. With a digital Euro, I suspect that you will compound the inflation problems; already the Eurozone doesn’t have a fiscal union and a monetary union, Milton Friedman warned about this danger. Both work together, if you don’t have both, you have none. The digital Euro will compound the inflation since the whole Eurozone will be tempted and will succumb to an endless issuance of digital Euro. For politicians-bureaucrats as those making up the European Commission, it is a pot of gold waiting to be used and have no doubt, Europe will be flooded with “funds” for everything, already you have for armaments, and other fantasies, with the digital Euro, the floodgates are now open. The creation of “funds” is only one of the many problems. The gap in any national budget will be closed with the digital Euro or at least, attempts will be done in that direction. For the peasants, (sorry “citizen”), they will see the rise of a strange hybrid monster; the ECB will created individual accounts, it is reminiscent of those day when in the USSR, each citizen had his bank account with the GosBank. It was the centralization at its best of all the savings since commercial banks were absent as one may guess. In Europe, there is a reason why the ECB wants to limit the quantity of Euro in any bank account the ECB will effectively control, it is because otherwise, the ECB will automatically transform all commercial banks in mere distributing counters of an inflated currency. It is a real danger that commercial banks are in danger to be unable to open the next business day if the digital euro is not contained (I use the word for a reason), according the Basel Agreement, all commercial banks must have a minimum of 10% of liquidity otherwise, they cannot open their doors. There is a reason why the LIBOR (London Inter-Bank Overnight Rates) exists. It provides liquidity to banks, allowing them to function. Now, if there is a run on a bank in Europe, be sure that the run will not be limited to a single bank, and for the average peasant having all is money with the ECB is the rational choice plus, the account holder may have a possibility to earn some interest, competitive with those offer by a commercial bank. This danger is well known, discussed, and understood. It is the reason why a few years back, the Australian, Canadian, and Colombian Central Banks abandoned their plan for a digital currency, a reason plainly stated for this abandonment was the stability of the financial system. Since then, the Bank of Canada has reversed course, and stand ready to work on it again, because the current government obsessed with control, wants it indifferent to any consequence.
Well, this entire shitshow is a political sideshow to masquerade the massive problems with inflation running wild already, in particular since QE was introduced by the late 2000s. Whereas it never really stopped, it ramped up considerably during Covid, and now there are problems, you see?
You write: 'This danger is well known, discussed, and understood.'
There's also the case studies of CBDC adoption (imposition) in Nigeria and India, but these were mere canaries in coal mines, and my intimation is that the hoi polloi in the EU will adopt the digital euro out of convenience and some pushing: it's obvious that adoption will be facilitated by transfer payments coming 'only' via such digital euros before too long: the annual/monthly mean income in the EU (after taxes) is conveniently just below 3,000 euros (as per the World Bank, data from 2021: https://data.worldbank.org/indicator/NY.ADJ.NNTY.PC.CD?locations=EU), and pension and other welfare payments will be similarly paid in digital euros before too long.
Perhaps early adopters will get a small extra or the like for a time, but this is merely the equivalent of getting a burger and some fries if you take the poison/death juices.