The ECB's Dystopian Digital Euro Dictatorship Set to Launch in October 2025

The European Central Bank (ECB), under Christine Lagarde, is pushing for a digital euro at full speed: “The deadline for us will be October 2025, and we are preparing for this date,” Lagarde explained. The implementation depends on the approval of the Commission, the Council, and Parliament must complete the legislative process.

 Lagarde giving green light to the digital euro:

Every payment tracked in real time, with the ECB able to block payments, deduct taxes,
prevent withdrawals (no bank run), impose expiration dates on money, and enable censorship.

The digital euro is to come in two versions: a retail version for citizens and a wholesale version for financial institutions. What central bankers praise as innovation could turn out to be a Trojan horse for civil liberties. Despite the ECB’s assurances of “high privacy standards,” the fundamental fact remains: a digital central bank currency creates the technical prerequisites for seamless financial transparency.

Unlike cash, every transaction with the digital euro leaves a data trail. The assurance that the ECB will not track transactions is not convincing, given the increasing trends of state surveillance. Technically, it would be possible at any time to lift this self-imposed restriction – for example, in the name of "counterterrorism" or "tax justice."

Lena Petrova (February 9, 2025) -  EU 'Accelerates' Digital Euro Launch:
Revealed Date of Programmable Digital Currency Roll Out. 

 

Especially concerning is the possibility of freezing or confiscating balances at the push of a button. What is currently dismissed as a theoretical scenario could become bitter reality tomorrow. The experiences with account freezes of politically unpopular individuals and media in Western democracies show that this danger is by no means unfounded. A digital euro would dramatically increase this concentration of power. Imagine: A government critic suddenly finds their digital balance frozen – without a court order, without legal recourse, and without a cash alternative.

The "programmability" of the digital euro, hailed as an advantage by its supporters, reveals its true threat: The state could determine what you are allowed to spend your money on (for example, linked to a CO2 budget). Spending limits for certain products, time restrictions, or intended purposes could be directly programmed into the currency. This control could also be abused to enforce political goals. Climate policy through limiting meat purchases or air travel? Health policy by limiting "unhealthy" foods? The technical possibilities would be nearly unlimited.

 » A digital euro would be a digital form of cash. «
This is a blunt lie and exactly what the digital euro is not.

While the ECB presents the digital euro as a necessary response to China’s digital yuan and US stablecoins, it conceals the true essence of this race: It is about control, not innovation. China's CBDC project already shows how digital currencies can be used for social control. The ECB's Ethereum blockchain tests may be technically impressive but divert attention from the fundamental shift in power that a digital euro would represent: away from the citizen, towards the state and its institutions.

 » The key difference with the CBDC is that central banks will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability. And also we will have the technology to enforce that. Those two issues are extremely important and that makes a huge difference with respect to what cash is. «
Agustín Carstens, General Manager, Bank for International Settlements.

The digital euro is not a neutral means of payment but a tool for undermining civil liberties. The promised benefits – faster transactions, offline functionality, competitiveness – do not outweigh the risks. While Lagarde and the ECB are pushing forward with technical preparations, citizens and parliamentarians should ask the fundamental question: Do we want a society where every financial transaction can potentially be monitored, controlled, and sanctioned? The answer to this question will have consequences far beyond 2025 or 2028.

 

See also:

Martin Armstrong (March 3, 2025) - Europe Will Go to War around May 15, Lose, and Euro Will Become Extinct.
TPR (March 2, 2025) - Quantum Computing: Paving the Way for the Tech Oligarchy's Totalitarianism. 

Marc Friedrich (June 23, 2024) - Der Digitale Euro: Die Versklavung der Gesellschaft! (video)

 

了解你的敌人
Know your Enemies.

Quantum Computing: Paving the Way for the Tech Oligarchy's Totalitarianism

Microsoft has announced a breakthrough in quantum computing, creating Majorana 1 quantum chip, with 8 ‘topological qubits.’ This innovation could lead to more scalable and powerful quantum computers. The concept of qubits is crucial. Unlike traditional binary code, which uses 1s and 0s, qubits exist in a state of uncertainty, allowing for almost infinite computational power. Topological qubits take this a step further, using a new state of matter called topoconductor (Majorana quasiparticles) to maintain particles in a grid and prevent errors.

Microsoft Majorana 1 quantum chip.

 

Microsoft's achievement is credited to its collaboration with DARPA, the US Defense Advanced Research Projects Agency. The implications are significant, as a functional quantum computer could potentially break all encryption keys and passwords, granting control over global information. The possibilities are endless. With a million qubits, a quantum computer could solve complex problems that would take conventional computers billions of years to solve. This raises concerns about the potential risks and consequences of such powerful technology, particularly when combined with artificial intelligence.

 

 Ettore Majorana (1906-1938)

 

Google's Willow microchip, previously considered the most advanced quantum computing technology, has been surpassed by Microsoft's achievement. Experts predict that a functional quantum computer could be developed within the next five years, changing the foundations of human society and transforming us into something else.

On March 3, 2025, Chinese scientists unveiled a quantum computer prototype named "Zuchongzhi 3.0" with 105 

superconducting transmon qubits, marking a breakthrough in China's quantum computing advancements. 

Able to achieve results that would take classical supercomputers over 6.4 billion years, the Zuchongzhi 3.0

Quantum Processor reportedly outpaces Google's Willow by "million times".

The potential risks are terrifying. Increasing intelligence by 10 billion times with quantum computing could be catastrophic. Artificial intelligence could become uncontrollable, and the consequences would be dire. As quantum computing advances, it's essential to consider the potential impact on global security, artificial intelligence, and human society as a whole.

The Financial System Has Reached The End | Egon von Greyerz

The world is now witnessing the end of a currency and financial system which the Chinese already forecasted in 1971 after Nixon closed the gold window [...] History tells us that we have now reached the point of no return. So denying history at this point will not just be very costly but will lead to a total destruction of investors’ wealth. 

 

History never lies but politicians do without fail. In a fake system based on false values, lying is considered to be an essential part of political survival. Let’s just look at Nixon's ignorant and irresponsible statements of August 15, 1971 when he took away the gold backing of the dollar and thus all currencies. Later on we will show how clear-sighted the Chinese leaders were about the destiny of the US and its economy. So there we have tricky Dick’s lies:

• The suspension of the convertibility of the dollar in 1971 is still in effect 52 years later.
• As the dollar has declined by almost 99% since 1971, the “strength of the economy” is also declining fast although using fiat money as the measure hides the truth.

And now to the last lie: “Your dollar will be worth just as much tomorrow”. Yes, you are almost right Dick!  It is still worth today a whole 1% of the value when you closed the gold window. The political system is clearly a farce. You have to lie to be elected and you have to lie to stay in power. That is what the gullible voters expect. The sad result is that they will always be cheated. So in 1971 after Nixon closed the gold window, China in its official news media the People’s Daily made the statements below: 

 

Clearly the Chinese understood the consequences of the disastrous US decision which would destroy the Western currency system as they said:

• Seriousness of the US economic crisis and decay and decline of the capitalist system.
• Mark the collapse of the monetary system with the US dollar as its prop.
• Nixon’s policy cannot extricate the US from financial and economic crisis.

I am quite certain that the US administration at the time ridiculed China’s official statement. As most Western governments, they showed their arrogance and complete ignorance of history. How right the Chinese were. But the road to perdition is not immediate and we have seen over 50 years the clear “decline of the capitalist system”. The end of the current system is unlikely to be far away. Interestingly it seems that a Communist non-democratic system is much more clairvoyant than a so called Western democracy. There is clearly an advantage not always having to buy votes. 

 

As the whole currency system is about to implode,  it is in my view totally irrelevant where the US dollar is heading short term measured against other fiat currencies. The dilemma is that most “experts” use the Dollar Index (DXY) as the measure of the dollar’s strength or weakness. This is like climbing the ladder of success only to find out that the ladder is leaning against the wrong building. To measure the dollar against its partners in crime (the other fiat currencies) misses the point as they are all on the way to perdition. So the dollar index measures the dollar against six fiat currencies: Euro, Pound, Yen, Canadian Dollar, Swedish Kroner and Swiss Franc. The Chinese Yuan shines in its absence even though China is the second biggest economy in the world. But here is the crux. The dollar is in a race to the bottom with 6 other currencies. Since Nixon closed the gold window in 1971 all 7 currencies, including the US dollar, have declined 97-99% in real terms. Real terms means constant purchasing power. And the only money which has maintained constant purchasing power for over 5,000 years is of course gold. So let’s make it clear – the only money which has survived in history is GOLD!

All other currencies have without fail gone to ZERO and that without exception. Voltaire said it already in 1729: "Paper money eventually returns to its intrinsic value – zero." And that has been the destiny of every currency throughout history. Every single currency has without fail gone to ZERO. And this is where the dollar and its lackeys are heading. To debate if a currency, which has fallen 98.2% in the last 52 years, is going to strengthen or weaken in the next year or two is really missing the point. It is virtually 100% certain that the dollar and all fiat money will complete the cycle (which started in 1913 with the creation of the Fed) and fall the remaining 1-3% to ZERO. But we must remember that the final fall involves a 100% loss of value from today.

 

 

[...] The world’s reserve currency has had a sad performance based on lies, poor real growth, all due to a mismanaged economy based on debt and printed money. So although most currencies have lost 97-99% in real terms since 1971 there are shining exceptions. When the gold window was closed in 1971 I was working in a Swiss bank in Geneva. At the time, one dollar cost Swiss Franc 4.30. Today, 52 years later, one dollar costs Swiss Franc 0.88! This means that the dollar has declined 80% against the Swiss Franc since 1971. 

 

So a country like Switzerland with virtually no deficits and a very low debt to GDP proves that a well managed economy with very low inflation doesn’t destroy its currency like most irresponsible governments. The Swiss system of direct democracy and people power is totally unique and gives the people the right to have a referendum on almost any issue they choose. This makes the people much more responsible in their choices as a winning vote on any issue becomes part of the constitution and cannot be changed by government or parliament. Only a new referendum can change such a decision. Swiss Debt to GDP is around 40%. This was the level of US debt back in 1971 before the gold window was closed. [...] US debt to GDP is now 132%. In 2000 it was 55%. 132% debt to GDP is the level of a Banana Republic which is frantically trying to survive by printing and borrowing ever increasing amounts of worthless fiat money.

  

Quoted from:
Egon von Greyerz (Nov 27, 2023) - The Financial System Has Reached The End.

 

 Agustín Carstens, general manager of the Bank for International Settlements (BIS) — the central bank of central banks in Basel, Switzerland — admits that Central Bank Digital Currency (CBDC) will grant central bankers » absolute control « over how it can be used, and the technology to be able to centrally enforce that. Not 'up to date' with your injections? Exceeded your weekly carbon allowance? Ventured outside of your designated '15 minute' district? Oops, no money for you!  

 

» Digital ID and CBDC is the essence of scientific dictatorship «, says Patrick Wood, author of the 2014 book 'Technocracy Rising: 

The Trojan Horse of Global Transformation'. He breaks down the all-encompassing digital open-air prison

that CBDC and digital ID are designed to facilitate.

 

Joe Rogan, host of the world's most popular podcast, is now wide awake to the grave dangers posed to freedoms by CBDC, and the social credit systems that it facilitates. » If you get a bad social credit score because you tweeted something they didn't like, now you can't buy a plane ticket, now you can't buy a car, now you can't get a loan. «

See also:

Bank for International Settlements (2023) - BIS Innovation Hub work on central bank digital currency (CBDC).

International Monetary Fund (Nov 20, 2023) - Central Bank Digital Currency Development Enters the Next Phase.

Atlantic Council (Mar 21, 2023) - Snapshot: Which countries have made the most progress on CBDCs so far in 2023.

Imran N. Hosein (2021) - The Bretton Woods International Monetary System.

Carroll Quigley (1963) - The BIS — The Apex Of The System.

Carl Schmitt (1932) - Legality and Legitimacy.

Legality and Legitimacy | Carl Schmitt

Carl Schmitt ranks among the most original and controversial political thinkers of the twentieth century. His incisive criticisms of Enlightenment political thought and liberal political practice remain as shocking and significant today as when they first appeared in Weimar Germany.

 

Carl Schmitt (1888 — 1985), » among the most original « , e.g.:

 » The emptiness of mere majority calculus deprives legality of all persuasive power. «

 

Legality and Legitimacy was composed in 1932, in the midst of the crisis that would lead to the collapse of the Weimar Republic and only a matter of months before Schmitt’s collaboration with the Nazis. Schmitt questions the political viability of liberal constitutionalism, parliamentary government, and the rule of law. Liberal governments, he argues, cannot respond effectively to challenges by radical groups like the Nazis or Communists. Only a presidential regime subject to few, if any, can ensure domestic security in a highly pluralistic society.

Quoted from the introduction to the 2004 first English translation of

Carl Schmitt (1932) - Legality and Legitimacy.

 

November 24, 2023 - In the People's Republic of China, Central Bank Digital Currency (CBDC) is linked to citizens' mandatory digital ID. If somebody drives over the speed limit, the speed camera system automatically deducts a fine from their digital wallet.

 

November 24, 2023 - President of the European Central Bank (ECB), Christine Lagarde, announces the launch of the European CBDC — the digital euro — which will enable unelected technocrats at the ECB to program how, when, where, on what and by whom it can be spent, including the imposition of social credit, carbon allowance and vaccine passport systems. And despite the lie that 'cash is here to stay', you can be absolutely certain that megalomaniac technocrats such as Lagarde have every intention of gradually phasing out cash altogether, so eventually people will be forced to use CBDCs. European Union citizens already face imprisonment or fines for engaging in cash transactions above €1000, but the introduction of the digital euro will facilitate financial totalitarianism on a scale that would make even George Orwell wince.

 

November 24, 2023 - Christine Anderson, German Member of the European Parliament, explains how CBDCs, in conjunction with digital ID, will be used to exert absolute control over the population: » If you don't comply, they will just shut down your bank account. And it's not like it hasn't happened before. Look to Canada ... There were people standing up for their freedom, for their right not to get some unknown substance injected into their arms. They shut down their bank accounts. So if there was no cash, what are you going to do? They can just eliminate you with a flip of a switch. It's as simple as that. «

 

 

» This would imply to castrate humankind and to degrade it down to the pitiful level of the Chinese. «

Friedrich Nietzsche (1888) answering to Immanuel Kant's 'eternal peace' ideas in his Ecce Homo. Why I am a destiny.