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Finance and Economics

Euro Surges on News of EU Rearmament
Finance and Economics

Euro Surges on News of EU Rearmament

The euro continues its rally for the second consecutive day following statements from Germany’s incoming Chancellor Friedrich Merz about allocating billions of euros for defense and infrastructure. This coincided with European Commission President Ursula von der Leyen’s initiative to activate €800 billion in defense funding after the suspension of U.S. military aid to Ukraine.

1 min read5087 views
Richard Werner on CBDCs: Total Control or Financial Evolution?
Finance and Economics

Richard Werner on CBDCs: Total Control or Financial Evolution?

Economist and professor Richard Werner has strongly criticized central bank digital currencies (CBDCs), calling them a tool for total control and a threat to financial freedom. According to him, the introduction of CBDCs will create a totalitarian system where the government can restrict citizens' spending, regulate their carbon footprint, and effectively monitor every financial transaction. Werner also emphasizes that this is the final stage of a long-term plan to expand the power of central banks, warning that society could be transformed into a social credit system.

1 min read3076 views
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