THEY'LL "RATION" THE EUROS IN CIRCULATION TO RATION GOODS

One day we'll read these texts with our jaws on the floor 😂. I'm sure of it.

The European Central Bank is thinking 😂 of capping at 3,000 euros per European citizen the maximum amount of digital euros to be handed out to the poor souls (and the ignorant ones 😁).

I look up a tricky figure online: the average holdings of European citizens.

In average holdings, obviously, there's no cash, no foreign accounts to draw on, no stocks, bonds, or futures that could easily be converted into deposits.

ChatGPT tells me it's 30,000/40,000 euros per citizen (without accounting for all the things I wrote above).

If the ECB wants to convert 3,000 euros for us, it's because 3,000 euros is the maximum amount of money we can convert into real goods, IF WE CAN FIND THEM 😁.

We hold at least 10 times that. In other words, the paper money in circulation is still today — and, I repeat, this calculation is very, very much on the low side, because it doesn't account for a lot of other paper money — at least 10 times greater than the quantity of real goods.

This is why the ECB has to RATION the digital euro.

There aren't enough goods.

"Well, but Ito, if they don't convert all of it, we'll still have the euros we have now!"

Relax, friends.

If they don't convert it, it's because they know it won't be worth a damn thing.

They'll go liquefy it first.

If the digital euro comes in 2029, as it seems, they still have two years to liquefy it all.

Relax: they're organized.

Them. 😂