Loading ...European Central Bank: Keep Calm and Carry Cash
The European Central Bank (ECB) is urging citizens to “keep calm and carry cash.” The ominous message is a warning of trouble ahead. Bank runs, defaults, war, grid failures, pandemics—the current banking system cannot rely on what’s ahead. “Cash provides essential redundancy – a ‘spare tire’ – for the payment system,” the study’s authors write. “This redundancy is vital for any system, as no system is infallible.”
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Keep calm and carry cash: lessons on the unique role of physical currency across four crises
Why does this “feel like” the ECB forgot to run this article past the BIS, World Bank, WEF and UN for approval before publishing same? It provides excellent arguments against CBDC’s as well as real examples of why cash is king!
THIS IS ASTOUNDING