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November 2, 2020 | Europe Preparing to Cancel all Paper Money
Martin Armstrong
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.
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Martin Armstrong November 2nd, 2020
Posted In: Armstrong Economics