How the digital euro revives old far-right fantasies

For Sarah D., who speaks on X (formerly Twitter), the “digital currency” is a project that “ want to impose Davos & co to better police citizens, QRcode them and enslave them “. His concern echoes that of thousands of French men and women, including entrepreneur Richard Détente. The latter, on his YouTube channel Grand angle dedicated to economic analysis (287,000 subscribers), does not have harsh enough words to describe the developments underway around the digital euro. Fearing a “Sovietization” of the economy, he warns against one “intensification of control worthy of the film [de science-fiction] Minority Report “.

Wednesday October 18, the European Central Bank releases the conclusions of a first phase of two years of investigations into a future digital euro. This project carried out jointly with the central banks of the member countries of the euro zone aims to offer a digital complement to cash (coins and bank notes) to make everyday purchases. It arouses misunderstanding and mistrust, particularly in conspiracy circles. Fears which sometimes supplant those, legitimate, concerning its operational implementation.

Fear of a monetary “Great Reset”

In the wake of opposition to “health dictatorship”the digital euro is anticipated in conspiracy circles, in particular in anti-vax and climate skeptic circles, as a “serious attack on individual freedoms”even one more step towards a Great Reset (“great reset”) monetary, that is to say a supposed conspiracy of a small global elite to harm the interests of the majority by imposing repressive measures on them.

In France, the fear of a Leviathan State which would equip itself with an instrument of total control over populations thanks to digital currency seems particularly strong on the far right. Florian Philippot, who chairs the Les Patriotes party, criticizes (formerly Twitter) “currency of social control”. For financier Charles Gave, it is a “no more towards Big Brother” which would lead to “put all French deposits under the gaze of the government, European or national”.

A position taken up by the Equality and Reconciliation movement of Alain Soral, in an article who points “a new stage in the process of generalized surveillance”as well as “the opportunity to (…) monitor and freeze opponents’ accounts.” A rhetoric that we also find in Germany: on September 30, AfD MEP Christine Anderson supported that “if you don’t comply, they will simply close your bank account.”

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