President of the European Central Bank, Christine Lagarde Says Central Banks Would Become Obsolete Without CBDCs

President of the European Central Bank, Christine Lagarde Says Central Banks Would Become Obsolete Without CBDCs

It has been revealed the fact that the President of the European Central Bank just addressed CBDCs once again. Check out the latest reports about this below.

Central banks and CBDCs are addressed

President of the European Central Bank, Christine Lagarde, admits that without CBDCs, central bankers run the risk of becoming obsolete.

“If we are not involved in experimenting, in innovating, in terms of digital central bank money, we risk losing the role of anchor that we have played for many, many decades.”

“We have historical examples of periods where the central bank monetary anchor was not there… That certainly was the case at the time of the free banking in the 19th century. Do we want to go back to those days? Probably not. I would say certainly not from our vantage point.”

The former BlackRock portfolio manager Ed Down is explaining to people why it’s important to resist CBDCs. Check out the latest reports about this below.

Resisting CBDCs

Here is the tweet that features the video that you really have to see:

In order to learn more details about this matter, we suggest that you check out the complete reports presented in one of our previous articles.

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