More News, Rumors and Opinions Monday Afternoon 10-12-2020
KTFA:
Samson: : Consultations between 19 European countries on the issuance of a "digital Euro"
20:14 - 11/10/2020
The European Central Bank announced its readiness to launch public consultations and tests tomorrow, Monday, in an effort to decide on the launch of a "digital euro" in the 19 single currency countries.
The move comes at a time when the (Covid-19) outbreak is speeding up the abandonment of banknotes, while policymakers are anxiously watching the rise of private cryptocurrencies such as Bitcoin. The digital or virtual euro will be an electronic version of euro banknotes and coins, guaranteed by the European Central Bank.
For the first time, it will allow individuals to deposit directly with the European Central Bank, which is a safer way than depositing money with commercial banks that may go bankrupt, or keeping banknotes that may be stolen or lost.
Similar to cash, money can be kept outside the banking system, in a "digital wallet", for example, that would allow individuals and companies to make daily payments in a fast, easy and secure way.
The bank stressed that "the digital euro will complement and not replace money, and digital sums can be issued or transferred using the account records technology known as blockchain, which is a public database that cannot be revised by cryptocurrencies." LINK
Don961: A new study reveals a "shocking period" for the survival of "Corona" on banknotes and phones
2020-10-11 Yes Iraq - Baghdad
A recent study revealed that the emerging corona virus can stay on banknotes for four weeks.
The study, issued by the Australian Center for Disease Preparedness and Response, indicated that the virus may remain contagious for weeks on banknotes, glass and other common surfaces, according to what was reported by Bloomberg News today.
The study revealed that the virus can remain for 28 days on smooth surfaces such as the glass on mobile phone screens and plastic banknotes at room temperature, or 20 degrees Celsius (68 degrees Fahrenheit), and that is compared to a 17-day stay for the influenza virus, according to "German" .
“Our results show that the virus can remain contagious on surfaces for extended periods, reinforcing the need for good practices such as regular hand washing and surface disinfection,” said Debbie Eagles, deputy director of the center. LINK
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Global Famine Pushes Food Prices Into Hyperdrive, Bank Of Japan Joins CBDC Push Ending Cash Forever
Silver Report Uncut: Oct 11, 2020
Food shortages are already a serious problem for millions of people according to a new report. Crop failure through various events this year have led to huge food shortages across the world.
Drought conditions affected much of Europe and lead to lower yields while the same held true for Midwestern grain and corn farmers in the US which are drastically short on previous yield predictions this year. The lack of rain through much of the farming regions has impacted an already stressed region as American farmers have been surviving on stimulus as well.
Farm bankruptcies were at all-time records last year and this year turned out much worse than necessary. Inflation is running much hotter than official reports and according to the method used to calculate inflation in the 90's inflation in the US is running closer to 10% already as http://ShadowStats.com shows in the chart.
Food prices have been rapidly rising throughout this dilemma and the price for cereals has surged 13.6% so far this year due to the drought.
The BOJ has joined the chorus of other central banks to develop the digital Yen and digital payment system to support commercial and personal use of the Central bank digital currency or CBDC.
Japan isn't the first and Lagarde just mentioned bringing the digital Euro into fruition and this mirrors statements from the Fed in developing FedNOW the all-digital dollar and the end of cash forever.
The fact that all the world's central banks are now speaking this language it's clear the decision has been made in some backroom somewhere.
Cryptocurrency could come under pressure from the bank if they become in direct competition to the new digital dollar payment system.
Ali Allawi Will Present White Papers Tuesday To Cabinet
Currency365: Oct 12, 2020
US Embassy Congrats Iraq Implementing Article 140
Currency365: Oct 12, 2020