The Digital Euro: New Money or Same Old System?
90%
of money is created by banks out of thin air
90%
of which is used for speculation
90%
of the population does not know these facts...
What’s the Deal with the Digital Euro?
You’ve probably heard the buzz about the “digital euro,” the European Central Bank’s shiny new plan for a digital currency. It sounds exciting—cashless payments, digital wallets, and a future without physical coins jingling in your pocket. But here’s the question: will this new “digital euro” change how money works, or is it just the same old system in a new outfit?
How Money is Made Now (Spoiler: Mostly by Banks)
Right now, the money we use doesn’t actually come from the government. About 90% of it is created by private banks every time they issue a loan. Banks create digital money as debt, meaning every euro in your account started as a loan somewhere, with interest attached. The result? More debt in the system, and banks in control of most of the money supply.
Will the Digital Euro Change This?
The digital euro could be issued by the central bank, meaning it would be “public” money. But here’s the kicker: if it’s just another version of the same debt-based money creation system, it might not make much difference in how money flows—or who controls it.
Digital Euros: The Hype vs. The Reality
On the surface, the digital euro looks like a step toward modernization. After all, cash use is declining, and digital transactions are the future, right? But if we’re only switching to a digital euro without changing how money is created, we’re really just adding another flavor to the same old debt-based system.
Here’s Why That Matters:
- Debt-Driven Money Creation: If private banks are still the primary creators of digital euros, we’ll continue seeing money created as debt, which fuels inequality and financial instability.
- Central Bank Control?: The central bank may issue some digital euros, but if the banks control most of it, not much changes. It’s like putting a new coat of paint on an old house—the foundation is still the same.
- The Same Cycle of Boom and Bust: With a debt-based system, the economy keeps cycling through growth and recession. A digital euro won’t fix that unless it’s created differently.
What Would Really Change Things? Sovereign Money for the People
If we’re going digital, why not go all the way and change how money is created in the first place? That’s where Sovereign Money comes in. Sovereign Money would mean that only a public institution—like the central bank—can create new money, and it wouldn’t be tied to debt. This could mean a true transformation in how we use and experience money.
Why Sovereign Money + Digital Euros is a Game-Changer:
- Debt-Free Digital Money: With Sovereign Money, digital euros wouldn’t start as debt. They’d be real, stable currency—not created by private banks for profit.
- Greater Economic Stability: With money creation in public hands, we could avoid the endless cycle of debt-fueled growth and recession.
- Money for Public Good: Imagine a digital currency created to fund public services and the real economy, not to line banks’ pockets. Sounds nice, right?
Ready to Rethink the Digital Euro?
The digital euro could be a fresh start—or just a new version of the same old debt-based system. Understanding how money is created is the key to seeing what the digital euro could mean for us all.
- Learn the Details: Dive into Sovereign Money to see how debt-free digital money could reshape our economy.
- Join the Conversation: Connect with people who believe in a digital currency that works for everyone, not just banks.
- Spread the Word: Share this page and start a conversation. The digital euro could be a huge opportunity if we understand its potential.
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FAQs
Isn’t the digital euro a new kind of money? Not quite! The digital euro could be issued by the central bank, but if private banks still create most of the money as debt, it’s just a digital version of what we already have.
How would Sovereign Money change the digital euro? With Sovereign Money, the central bank would create digital euros directly without debt. This would make digital euros a stable, debt-free currency, benefiting everyone.
Why not stick with regular digital payments? Good question! If we’re going digital, it’s a great time to rethink how money is created altogether. Sovereign Money could give us a digital currency that’s truly public, stable, and debt-free.
Image: jerichow
