Posted  originally on Oct 21, 2025 by Martin Armstrong |

The European Union is planning to cancel paper currency and move to CBDC to carryout:

1. Claiming they wish to elmininate the American credit card system of VISA and MasterCard they claim for economic independence when in truth the European monetary system is collapsing.
2.  They are seriously claiming national security insistenting that Putin wants to invade Europe when there is NOTHING there of indepndent monetary value to justify such an invasion. They have no energry, gold, or rare earths. It is a Marxist utopia that is imploding just as Communism did in Russia and China. Who wants to step into that mess. It will collapse all by itself. Noe the Eu wants to claime the threat of a Russian invasion to justify their confiscation of private accounts to fund their war with Russia,
3. To prevent capital flight from the EU trapping all capital for their use.

The ECB ADMITS that it has been investigating the issuance of a digital euro — a CBDC for the euro-area, which would be a digital form of central-bank money, accessible to households and businesses. The “preparation phase” for the digital euro began back on November 1st, 2023.

Christine LaGarde, who whgen the head of the IMF, threaten all the has havens if they di not turnover the accounts of Europeans that she should remove them from SWIFT. She had also threatened the Vatican. How she has been pushing for a Digital Euro to ensure that nobody can frin €100 euro bill without given the state their 65%. This past September 2025, an EU gathering of finance ministers reached a “compromise” on how the digital euro would work — including limits on how much each person could hold, and giving national finance ministers a say in the issuance decision.

European Union finance ministers agreed on a roadmap for launching a digital euro currency that aims to become an alternative to the now dominant U.S.-based Visa and Mastercard systems. Their discussions on a digital euro, creating an electronic wallet backed by the European Central Bank, is ramping up rapidly because the EU is now keen to impose capital controls so they can just cponfiscate money out of your account at will and you cannot withdraw cah because they in tend to cancel all paper currency. To accommodte the poor, they have already declined that having a bank account is a huiman right.

Moreover, they claim that they also want to reduce its dependence on other countries in key areas like energy, finance and defence. That targets Europe’s reliance on U.S. credit cards and as a response to U.S. President Donald Trump’s global push for stablecoins pegged to the U.S. dollar. Yet, the ECB, the main sponsor of the project, has failed so far to secure legislative approval for it. The bankers are complaining it may hollow out banks’ coffers, cost too much or curtail privacy. How do banks lend out money if it is tied up in wallets that the government controls?

The ECB President Christine Lagarde ainsists that she has reached an agreement on the next steps. She has proposed that the EU finance ministers have a say on whether a digital currency is issued and how many such euros each resident will be able to hold, which is seen as crucial for assuaging fears of a run on bank deposits. They was 100% capital controls but does that completely alter the very need for banks? She will allow an opportunity for a discussion in the Council of Ministers.

The attempt to confiscate private assets to fund a war with Russia is so anti-democratic, it is following the path of Karl Marx and as such the EU is not worth saving. It is in the final throwa of climing to life. The most accurate and widely accepted answer is that the European Union (EU) was officially established on November 1, 1993, when the Maastricht Treaty came into effect. It does not appear that the EU will be able to suring much beyond 2030. The Virtual Euro began functioning as an electronic currency for banking and financial transactions. The “Cash” Euro: January 1, 2002. This is the date most people remember, when euro banknotes and coins entered circulation.

If you do not move your money out of Europe before 2026, you may find yourself trapped unable to even buy gold.