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'March to independence': Christine Lagarde wants EU to ditch Visa, Mastercard for own platform
(www.businesstoday.in)
Yes please
this post was submitted on 05 Apr 2025
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If you wonder why all the bureaucrats suddenly turned anti-globalist (while 20 years ago it wasn't so), that's because they saw how powerful a domestic centralized system makes their kind.
And 20 years ago it wasn't so, because they really had to kill all sprouts of such domestic systems.
It's the old Chinese\Roman\whatever game, where bureaucrats and troops were, for different events, moved further from their home provinces and old assignments or closer. Only what's happening is the opposite of the best course of action in that game, we have a weak emperor, no emperor in fact.
So - 20 years ago choosing American companies made European bureaucrats more powerful. Now they are powerful enough to prefer domestic suppliers of all these services, now they can control those new suppliers and become even more powerful.
The world is always in change.
Finally!
I hate that there is not much societal change going on other then moving business around and rebranding.
It's at least a start. We cannot expect our governments to do more, the rest is on society at large. A good start for more change would be the expulsion of any US nationals from EU countries.
We can imagine the end of the world. We can imagine the collapse of society, but we can no longer imagine the end of capitalism.
This is a CBDC that she wants, something they have been talking about for years. Likely they want this because many European countries wont be able to survive higher interest rates caused by aging demographics, as the US high interest rates suck up global liquidity making rolling over debt more expensive.
They will be able to slow inflation using the programmability of the money to prevent you from surpassing your allotted climate credits, as they are already forcing companies to measure their c02 usage in a system called the Corporate Sustainability Reporting Directive (CSRD). They will also be able to increase inflation via issuing expiring stimulus, which would allow them to issue stimulus without worrying about the 18 month lag.
What Europe also wanted was a global climate change system, where they collect tax revenue from carbon credits, which would be charged to foreign emitters. Trump recently front run this with his own tariff system, following project 2025's idea of eliminating all international tariffs. Though countries like Canada are talking about joining Europes climate plan instead, I think all countries will have to decide where to hand the keys to their domestic economic policy.
Are there any companies working on something like that?
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