It's nice to have Cash +, it's cash, but in a more… “more better” version, I suppose, as my children say.
But between you and me, what is the use of such a “digital” central bank currency, since our euro is in fact very largely dematerialized. Between our payments by credit card, “contactless” and the transfers we make to each other, cash only represents a very negligible proportion of our exchanges.
So from you to me, for us, the people, SMEs, or even larger companies, this new "cash+" thing has absolutely no interest is it's rather "hide+" because yes, things are hidden from us !
These things that are hidden from us are very easy to understand and are expressed in half-words by the Governor of the Bank of France.
What is hidden from us and what is not discussed obviously revolves around privacy and above all control and surveillance.
In the words of the Governor of the Banque de France, "Cash+" will bring significant advantages over banknotes: it will allow everyone to use central bank money in e-commerce, for remote payments between peers (peer-to-peer), as well as for conditional payments. »
Officially, as you can see, these are e-banknotes that you can therefore use for your online payments. Online payments that we make today without any problem with our current means of payment.
Once again, this e-ticket, this central bank crypto-currency does absolutely nothing. It brings us nothing or so little that our authorities must not bother to such an extent to set it up for us.
So if this is not of much use to us, but they are very keen on it, it is because the advantages are not necessarily for the population, but for the monetary and banking authorities (without forgetting the political authorities), because in the long term, the elimination of physical cash is obviously a reduction in costs. It is also the establishment of monetary control making tax evasion almost impossible. It is also in an extreme view, the monetary component of potential social control as in China. Your digital wallet, like your health pass, can be deactivated, recharged, or limited. We could even delete it for you.
In short, the potential drifts are such that it is a subject which obviously deserves a national democratic and philosophical debate.
Here is the text of the Banque de France source speech here.
Xavier Moreau, specialist in international relations, sheds light on recent events related to the Ukrainian crisis and global geopolitical issues in his latest bulletin.
On the program of this number 130:
01:18 Orthodox Easter
01:36 Economic News
– Inflation risk
– Agricultural blockade against Ukraine
– Russia, 5th world economy
06:05 Binance vs US IRS
07:26 Free Economic Zone in New Russia
07:55 Donald Trump Jr: National-conservative vs neo-con
09:24 Polish-neo-conservatism
11:49 Fouquier-Tanguy vs Russian interference
14:27 US Army vs Russian Army
16:08 Visit of the Chinese Defense Minister to Moscow
17:49 What offensive for Ukraine?
– Vladimir Putin on the forehead
– Anna Malyar: the offensive has already begun
– Prolong the war at all costs
23:11 Russian air supremacy
26:38 Map of military operations
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