Post by buccaneer on Sept 3, 2023 21:19:21 GMT
Moving on from that tediousness another article expanding the lack of democratic oversight from the people and its lack of public involvment.
It's testamount that people on here defend this as delusional or merely because its deity EU, yet there has been no democratic involvement in this digital venture. In other words the drones will happily do as they are told by the technocrats
without thinking for themselves.
www.politico.eu/article/euro-shakeup-european-central-bank-digital-currency/
It's testamount that people on here defend this as delusional or merely because its deity EU, yet there has been no democratic involvement in this digital venture. In other words the drones will happily do as they are told by the technocrats
without thinking for themselves.
www.politico.eu/article/euro-shakeup-european-central-bank-digital-currency/
But the move brings implications for financial stability and privacy amid limited engagement with ordinary people. The adoption of the euro, by contrast, was preceded by years of often heated, and ultimately healthy, political discussion.
Debate surrounding the pros and cons of adopting a central bank digital currency (CBDC) has so far been largely confined to technocratic or academic circles.
In recent months, the opacity and lack of public involvement have been noticed by many on the political fringes. Celebrities like Russell Brand, comedian turned socio-political commentator with millions of followers on YouTube, have increasingly been making CBDCs a focal point of their coverage. In a recent video, Brand argued they pave the way for “globalist decrees coming on down from up high, avoiding democracy."
That sort of discourse has convinced central bankers of the public relations challenge ahead of them if they are ever to achieve widespread public acceptance of the idea.
While the fact of Wednesday's meeting in the Finnish region of Inari has been made public, its agenda hasn't. POLITICO has learned its attendees, governors of the 20 central banks of the eurozone and the six members of the ECB's executive board, will discuss among other topics how best to persuade the public that a virtual extension of euro banknotes and coins is worth having and poses no threat to democracy or liberties.
Debate surrounding the pros and cons of adopting a central bank digital currency (CBDC) has so far been largely confined to technocratic or academic circles.
In recent months, the opacity and lack of public involvement have been noticed by many on the political fringes. Celebrities like Russell Brand, comedian turned socio-political commentator with millions of followers on YouTube, have increasingly been making CBDCs a focal point of their coverage. In a recent video, Brand argued they pave the way for “globalist decrees coming on down from up high, avoiding democracy."
That sort of discourse has convinced central bankers of the public relations challenge ahead of them if they are ever to achieve widespread public acceptance of the idea.
While the fact of Wednesday's meeting in the Finnish region of Inari has been made public, its agenda hasn't. POLITICO has learned its attendees, governors of the 20 central banks of the eurozone and the six members of the ECB's executive board, will discuss among other topics how best to persuade the public that a virtual extension of euro banknotes and coins is worth having and poses no threat to democracy or liberties.
