CBDCs, AI control, and the future of cash
Europe's push toward a digital central bank currency is being framed as a threat to ordinary spending freedom, with cash the last line of defense.
- A digital euro would let authorities approve or block payments as they happen, instead of after the fact.
- The fear is a system that can freeze accounts instantly, the way Canadian truckers' funds were cut off during the protests.
- AI could be used to score spending and online behavior, potentially limiting purchases like meat, dairy, or ammunition.
- Catherine Austin Fitts has been more upbeat lately, pointing to a grassroots shift back to cash across Europe.
- The open question is whether cash will still work for everyday things — paying a gardener or buying an €8 lunch in Portugal.
Outlook: Expect the fight over CBDCs to center on whether cash survives alongside them, not on the technology itself.