- the source for market opinions


November 2, 2020 | Europe Preparing to Cancel all Paper Money

Martin Armstrong

Martin Arthur Armstrong is current chairman and founder of Armstrong Economics. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.


Europe is moving full speed ahead to cancel all outstanding paper money and move to a digital euro. They are doing this to force all money back into the banks and to end the hoarding of cash. I strongly recommend anyone looking to keep cash around swap to the US dollar ASAP.

Our model projected a major shift in the euro by 2021. This is precisely on target. They will also be able to enforce their negative interest rates, but they are hoping that this will be a cash injection into the banks so they need not have to deal with any bailouts.

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the Weekly Recap.

November 2nd, 2020

Posted In: Armstrong Economics

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site


This site uses Akismet to reduce spam. Learn how your comment data is processed.