LeGarde avers digital Euro will happen on 10/23/23

[midnight rambler]

Pranked by Russian pranksters Vovan and Lexus, she thought she was on a call to Jewlenskyy, 3 minute video -

https://odysee.com/@Overthrown:6/Prank_with_the_President_of_the_European_Central_B ank_Christine_Lagarde_-Vovan_and_Lexus:b

[keehah]

"The reason I'm personally convinced we have to move ahead [and adopt a new CBDC] is a situation like the one we have now. We are dependent on a supply of gas by a very unfriendly country." -Christine Lagarde in the above clip.

So Christine Lagarde explains it is needed because of their (corrupt and war criminal western politicians) idiotic and attempted democidal sanctions after they did all but directly march Russia in to invade Ukraine.


bloomberg.com: Lagarde Says ECB Could Have Digital Currency Within Four Years (https://www.bloomberg.com/news/articles/2021-03-31/lagarde-says-ecb-could-have-digital-currency-within-four-years#xj4y7vzkg)

March 31, 2021
“We need to make sure that we do it right - we owe it to the Europeans,” Lagarde said in a Bloomberg TV interview on Wednesday. “The whole process - let’s be realistic about it -- will in my view take another four years, maybe a little more.”...

The second decision -- whether to roll out a digital currency -- will be made six months to a year after that, she said.

“It’s a technical endeavor as well as a fundamental change,” Lagarde said. “We need to make sure that we’re not going to break any system, but to enhance the system.”

bloomberg.com/news/videos/2021-03-31/lagarde-on-pepp-eu-aid-digital-euro-full-interview-video (https://www.bloomberg.com/news/videos/2021-03-31/lagarde-on-pepp-eu-aid-digital-euro-full-interview-video)

[osoab]

She said sometime in October in her confessional prank.

Got to have big tech involved too.

[midnight rambler]

I gather the FedNow early adopters (mainly the big banks) begin the first week of April.

[keehah]

Seems both Christine Lagarde (post #2) and the US Fed's original plans were initially to release CBDC in 2024 or 2025.

forbes.com: The Fed Is Rewiring The U.S. Payments System—Here’s What That Means For You (https://www.forbes.com/advisor/personal-finance/fednow-launching-soon/)

Mar 10, 2023
The Fed initially set a debut date of 2024 but ramped up the deadline to launch sometime this year between May and July...

FedNow has been in the works for nearly a decade. The Fed started contemplating an instant payments network in 2013 and formed the Faster Payments Task Force (FPTF) in 2015 to map out a plan. After years of meetings, the release of several studies and a period of fielding public comments, the Fed announced FedNow in August 2019 and has been conducting pilot runs with financial institutions since then.

“The benefits of instant payments are increasingly important to consumers and businesses, and the ability to provide this service will be critical for financial institutions to remain competitive,” said Ken Montgomery, first vice president at the Federal Reserve Bank of Boston and the FedNow Service’s program executive, in a release announcing the new launch timeframe. “Financial institutions will be able to use the FedNow Service as a springboard to provide innovative solutions to their customers.”

Saying FedNow would be a game changer is almost downplaying the potential impact.