Gently, but surely, power prepares the spirits at the end of the cash. Fortunately, there will always be Bitcoin.
In short
- Gérald Darmanin proposes to remove the liquid to combat drugs, arguing that money should be traceable.
- Substitute the digital euro for cash, the great tatter of Christine Lagarde.
- Bitcoin, the obvious escape if the government succeeds in their ends.
Do not touch sorrel
Gérald Darmanin dared. The Keeper of the Seals proposed to senators to remove the cash under the pretext of the fight against drugs.
Silver is the main subject. How do we stop the drug? There is a fairly simple measurement: the end of cash. The money must be traceable ”.
Gérald Darmanin
The media apparatus hastened to relay the information, suggesting that one always dreams of a world without cash in a very high place.
CNews also went there from his little collaboration, sweeping away the absolutely essential concept of the right to privacy. Like a small officer of the Stasi, Pascal Praud pleads in favor of mass surveillance.
“Let us know that I bought a bottle of water, meat or an iPhone, I have nothing to do”he slyly released. What to answer, if not the famous replica of Edward Snowden, the famous American whistleblower.
To say that your right to privacy does not matter when you have nothing to hide amounts to saying that freedom of expression matters little when you have nothing to say.
Edward Snowden
Unlike Mr. Praud, the French remain very attached to the liquid. According to a study by the Banque de France published this year, 60 % of them consider that it is important to be able to pay in cash.
Let us also remember that traders are legally obliged to accept cash payments. They even risk 150 euros fine in the event of refusal.
In addition, we should convince all countries in the euro zone. It will be very difficult when you know that Italians and Spaniards pay mainly in cash (60 %).
Christine Lagarde in the maneuver?
Faced with the lifting of shields, Gérald Darmanin moderated his words a few days later, recognizing that France did not have the political means to achieve it.
“There is a long discussion obviously to have with the French. Liquid has other advantages, the advantages of individual freedom where the State, in fact, does not look at everything at all times … It is a public debate that must undoubtedly be posed during a presidential campaign, for example “he declared.
Who could carry such a project at the next presidential election? Probably Christine Lagarde. This is good since the president of the ECB has been forcing since her arrival at the ECB to launch a digital euro that can replace banknotes.
This ambition has something to worry when you remember some of its past statements that leave it. Here is An extract from one of his 2018 speeches ::
What can you do if you want beer and pizza, but you don't want your score credit to drop? You can pay in cash. Do you rather go to the broccoli department if it is no longer possible to pay in cash? Could central banks come to the rescue by offering a completely anonymous digital currency? Certainly not. It would be a boon for criminals.
Christine Lagarde, speech Winds of Change: The Case for New Digital Currency
Always this excuse of the crime while they are silent before the genocide in Palestine and sacrifice the Ukrainians on the altar of geopolitics.
Total money control creates the temptation to ration expenses, in the event of war for example … Social credit, negative interest rates and rationing are all drifts that hang us in a company without cash.
Bitcoin, the glorious escape
Christine Lagarde swears her great gods that she has no intention of making the cash disappear. But who can trust the one who was to succeed Klaus Schwab at the head of the World Economic Forum.
How to trust someone who describes Bitcoin as a “Exhaust”. What exactly an escape? To war that could go beyond Ukrainian borders?
The cash representing only 5 % of the total money supply, it is indeed Bitcoin which offers a real escape. It allows you to cross a border with all your fortune in mind. Just remember a dozen words (the seed).
Bitcoin also helps protect yourself from inflation! Admittedly, it will not replace the banking system, but it constitutes a much better reserve of value than the euro, which has lost 38 % of its value in only ten years. For its part, Bitcoin has won more than 38 % since the start of the year!
This is the result of apparently benign inflation of 2-3 % per year:
Of course, remember that the Lightning Network makes it possible to make payments. It is now relatively easy to live by paying directly in bitcoins in large capitals.
As such, senator Cynthia Lummis proposes to remove the capital gains tax for BTC payments below 600 dollars. In the Czech Republic, simply keep your BTC more than a year to avoid any tax.
Christine Lagarde can delete the cash, he will always remain bitcoin. Checkmate.
Don't miss our article: Should you buy gold or bitcoin?
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