Spain: Barcelona is considering issuing a digital currency that will enable the city to effortlessly increase its spending by creating its own money out of nothing.
The EU is funding the promotion of competing local digital currencies because they are the foundation for a cashless society, which is the goal of governments and banks, alike. Unlike Bitcoin-type currencies, some of the new currencies have a built-in inflation rate of 8% to encourage spending and discourage saving.
from WolfStreet:
Socialist mayor to fulfill campaign promises by “printing” money.
Over the next six months, Barcelona’s left-wing city council plans to roll out a cash-less local currency that has the potential to become the largest of its kind in the world. The main goal of the project, according to a council spokesperson, is to boost economic opportunities for local businesses and traders.
The idea is for local stores and residents to be able to exchange euros for the new currency at a one-to-one parity, and use it to purchase products and services at a discount or with other kinds of incentives. But it doesn’t end there: the new parallel currency may also be used to pay certain subsidies, taxes and local services such as public transport, reports El País. Municipal workers could also receive part of their salary in the new money.
Barcelona will not be the first European city to launch such a scheme. Local currencies are all the rage these days. There could be as many as 3,000 forms of local money in use around the globe, says Community Currencies in Action, a global partnership promoting such schemes that is part-funded by the European Union’s Regional Development Fund. Which begs the question…
Why’s the EU promoting parallel local currencies around the world?
Perhaps there are somewhat less altruistic motives behind the EU’s agenda — motives such as encouraging people to embrace cashless currencies. As I warned in The War on Cash in 10 Spine-Chilling Quotes, the war on cash has moved from one of words to actions. As such, is it pure coincidence that most of the local community currencies that have been launched so far are in purely digital format, as would Barcelona’s?
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all ya gotta do; establish a value for all un tapped resources within a countries boundaries and tie that to the currency, only print as much paper to match the resources value-
Absolutely correct, Pet Rock.
Yeah and the next step will be the bar code, laser tattooed onto your right hand or onto your forehead ..
"Are you not familiar with the book of Revelations of St. John, the final book of the Bible prophesying the apocalypse?... He forced everyone to receive a mark on his right hand or on his forehead so that no one shall be able to buy or sell unless he has the mark, which is the name of the beast, or the number of his name, and the number of the beast is 6-6-6... What can such a specific prophecy mean? What is the mark? Well the mark, Brian, is the barcode, the ubiquitous barcode that you'll find on every bog roll and packet of johnnies and every poxy pork pie, and every fuckin' barcode is divided into two parts by three markers, and those three markers are always represented by the number 6. 6-6-6! Now what does it say? No one shall be able to buy or sell without that mark. And now what they're planning to do in order to eradicate all credit card fraud and in order to precipitate a totally cashless society, what they're planning to do, what they've already tested on the American troops, they're going to subcutaneously laser tattoo that mark onto your right hand, or onto your forehead. They're going to replace plastic with flesh. Fact!
In the same book of Revelations when the seven seals are broken open on the day of judgment and the seven angels blow the trumpets, when the third angel blows her bugle, wormwood will fall from the sky, wormwood will poison a third part of all the waters and a third part of all the land and many many many people will die! Now do you know what the Russian translation for wormwood is?... Chernobyl! Fact. "
Very true Luke....