German MP Joana Cotar vilified the CBDC project while giving pride of place to Bitcoin.
Bitcoin in the Bundestag
The former Afd MP spoke in the Bundestag dressed in a t-shirt stamped with the Bitcoin logo. Ms. Cotar castigated the digital euro project (CBDC), not hesitating to declare that “those who want sound money have bitcoin”.
For her, the CBDC will ultimately be used to monitor all our actions with a view to sorting good citizens from bad citizens via Chinese-style social credit:
“No one needs the digital euro, except the ECB and politicians who have another agenda, namely total surveillance of citizens. I am aware of the beautiful promises. Data protection, maximum security, no one intends to spy on anyone, etc.
These promises are as credible as those made when the euro was introduced. We were told no bank bailouts, no budget deficits above 3%, no financing of States via the ECB… As a result, the ECB only does that and the Maastricht Treaty is nothing more than a waste of paper .
Today, the ECB promises data protection for the digital euro. But tomorrow, every transaction will be monitored in the name of transparency.
In China, people are controlled through CBDC. Those who comply with the state have access to money. This is called social credit.
The digital euro would allow the same thing to be done. The State may prevent us from booking a flight if our CO2 budget is exhausted or from making donations to organizations that are inconvenient for them. The unvaccinated will have their money tied up in restaurants during a pandemic. A digital nightmare. »
It should be noted that the Social Credit system is still in the testing phase in China. Likewise the CBDC. However, the mere fact that this macabre ambition for total surveillance exists is already very worrying.
In Europe, it is Christine Lagarde, the president of the ECB, who pushes in favor of the CBDC. To do this, she will need a digital identity. This is good since the European Commission and the European Parliament have just agree on this.
A favorable vote from the European Parliament would be the first stone of an open-air prison. They advance slowly, with small steps, according to the Salami tactic.
The “salami tactic” is a phrase coined by Hungarian politician Mátyás Rákosi, leader of the Communist Party, to describe the gradual elimination of powers outside communism, “slice by slice, until there is nothing left”.
Fortunately, bitcoin offers an escape from the dark designs of an EU apparently seduced by totalitarian temptations.
Let’s finish by reminding that there is no capital gains tax when you hold your bitcoins for more than a year in Germany…
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