Europe Preparing to Cancel all Paper Money

Armstrong Economics Blog/Euro € Re-Posted Nov 3, 2020 by Martin Armstrong

Europe is moving full speed ahead to cancel all outstanding paper money and move to a digital euro. They are doing this to force all money back into the banks and to end the hoarding of cash. I strongly recommend anyone looking to keep cash around swap to the US dollar ASAP.

Our model projected a major shift in the euro by 2021. This is precisely on target. They will also be able to enforce their negative interest rates, but they are hoping that this will be a cash injection into the banks so they need not have to deal with any bailouts.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.