EU to Launch Digital Euro—A Programmable Currency for Total Surveillance and Control

The European Union plans to introduce its central bank digital currency—the digital euro—in October of this year.

Christine Lagarde, head of the European Central Bank: "It is piloted on a fairly large scale in China, [where it] is of use and of service to all citizens."

"So it is not something that is good for the elite, or is good for the young, or is good for some versus others."

"If it is well done, and if it is well implemented, it would be of service to all citizens."

CBDCs not only enable governments and central banks to track who spends what, where, and when—they are programmable, allowing money to be restricted for specific uses, the imposition of expiry dates, and the ability to limit or freeze spending based on user behaviour or location.

Once combined with digital ID, facial recognition, social credit scores and carbon allowances, CBDCs facilitate totalitarian control on an unprecedented scale.