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| Global elites insisting on digital currency to phase out cash |
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Posted by: Stone - Yesterday, 06:14 AM - Forum: Global News
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Global elites insisting on digital currency to phase out cash
The aim is to have the digital euro fully in place by 2030 in order to move Europe fully into the United Nations' post-capitalist system described in Agenda 2030.
![[Image: Alexandros-Michailidis-Shutterstock-810x500.jpg]](https://www.lifesitenews.com/wp-content/uploads/2023/06/Alexandros-Michailidis-Shutterstock-810x500.jpg)
President of European Central Bank (ECB) Christine Lagarde during the Hearing of the Committee on Economic and Monetary Affairs
of the European Parliament in Brussels, Belgium on September 26, 2022
Alexandros Michailidis / Shutterstock
Sep 15, 2025
(LifeSiteNews [slightly adapted, not all hyperlinks from original included below]) — It always pays to scrutinize closely the comments of financial elites because they are rarely honest about their intentions. An instance is the comments of Christine Lagarde, president of the European Central Bank (ECB) who said there will be a vote next month in the European Union parliament on the next step toward creating a digital euro, which would be a central bank digital currency (CBDC).
A central bank digital currency is money issued by the central bank in digital form as opposed to digital credit issued by banks, which is the dominant form of money in Western societies. She claims that it will mean more freedom for Europeans and that there is nothing to fear.
Lagarde anticipates launching the digital euro in about 18 months. The aim is to have it fully in place by 2030 in order to move Europe fully into the United Nations’ post-capitalist system that is described in Agenda 2030.
Lagarde’s blandishments about what the digital euro represents do not survive close examination. She acknowledged that the main concern of the population is the privacy implications, claiming the ECB is looking at a technology that will offer protections. The private banks, she said, will apply the “rules of scrutiny” that already have access to the transactions. “We are not interested in the data. The private banks are interested in the data.”
Lagarde also said that the “people have dictated” the transition to a digital euro. This looks dubious. Neither the EU Commission nor the ECB is democratically elected. And if the main concern people have with a CBDC is privacy, then why would people prefer it over cash, which is immune to scrutiny? It is not as if a digital euro would satisfy an unmet need. Digital money – credit and online transactions – is already freely available in the banking system.
The ECB is also speaking out of both sides of its mouth, saying on one hand that the digital euro will only complement cash and on the other that cash will be eliminated.
Lagarde made it clear that the aim is to phase out cash completely. Agenda 2030, she claims, “can only be enforced in a cashless economy.” Why? What is it about cash that makes environmental policies impossible to implement? The answer is surely that a digital euro is needed to control people’s behavior, forcing them to comply with environmental rules.
Previous comments by central bankers suggest there is good reason for Europeans to be extremely suspicious. In 2021, the general manager of the Bank for International Settlements, Agustín Carstens, said: “We don’t know who’s using a $100 bill today and we don’t know who’s using a 1,000-peso bill today. The key difference with the CBDC is the central bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability, and also we will have the technology to enforce that.”
The pretext for the financial power play is climate change and the push toward net zero. A European CBDC is not, as implied by Lagarde, the creation of a new digital monetary mechanism. As economist Richard Werner points out, that already exists – credit and debit cards, for example. The significance of a digital euro is that it threatens the banking system.
A CBDC, like cash, has no interest rate on it. So why would people continue to use credit produced by private entities such as banks or credit card companies – currently over 95 percent of the money supply – on which they have to pay interest? As the Reserve Bank of New Zealand noted, CBDCs have the potential to destroy private banks.
That problem does not seem to concern the ECB, however. Indeed, fundamentally altering the banking system may be what they are aiming for. Lagarde said “climate compliance” will become a core element of bank supervision, not a separate initiative, “because climate change presents significant, material financial risks to banks and the entire financial system.”
The ECB’s supervision will mandate that banks integrate the management of climate-related and environmental risks into their existing risk management processes, particularly through new prudential transition planning requirements under what is called CRD VI. European banking, it seems, will no longer be defined by profitability and fiscal soundness but also by the politics of climate change.
The slipperiness of the ECB‘s arguments point to a much darker ambition. Werner says when CBDCs are connected to digital IDs “we are talking about the most totalitarian control system in human history … it gives you as a controller complete visibility on what everyone is doing, every transaction.
“The monitoring is only one aspect. These CBDCs are programmable and you can use big data algorithms, which they sell to us as artificial intelligence, in order to have rules about who can buy what and for what purpose, at what time and at what place – and therefore control all your movement. In the history of dictatorships, there never has been such a powerful control tool.”
There is a flaw, though, in the ECB’s push to change Europe’s financial architecture that may prove fatal to its ambitions. The EU and ECB do not have genuine central control. When the euro was established in 1998, the only way Germany was able to join was on the condition there was no consolidation of the government debt. So, although the ECB notionally sets interest rates for the zone, government debt is held at the national level and each country’s interest rate differs.
The ECB is thus a central bank in name only, unlike the U.S. Federal Reserve, or for that matter most country’s central banks, that oversee their national government debt. A European nation can choose to exit the EU, and each has to have its own monetary policy in spite of the ECB setting a uniform rate.
The push to create a digital euro is most likely an attempt to deal with these contradictions, but at best it will be a makeshift solution and it will take very little for it to fall apart. Disintegration of the European Union, and the common currency, is not out of the question.
Meanwhile, the U.S. is going in the opposite direction. In July, the U.S. House of Representatives passed the Anti-CBDC Surveillance State Act, which prevents the Federal Reserve from issuing a retail CBDC directly to individuals.
European debt is becoming increasingly parlous, especially in France where there have even been suggestions that there might need to be assistance from the International Monetary Fund. Italy’s debt, which is 138 percent of GDP, is also problematic. Lagarde is hoping for a rollout of the digital euro in 2027 and completion in 2030. But the Euro zone, and the ECB that oversees it, may not last that long.
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| The Catholic Trumpet: Is John Henry Newman a Saint? |
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Posted by: Stone - Yesterday, 05:34 AM - Forum: The Catholic Trumpet
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✠ New Video: Is John Henry Newman a Saint?
The Catholic Trumpet [slightly adapted and reformatted] | September 15, 2025
The Catholic Trumpet presents a new video in collaboration with Greg Taylor, founder and editor of The Recusant.
Watch Video Here:
Taken from Issue #64 of The Recusant (pp. 30–53), the presentation examines John Henry Newman’s writings, the testimony of his contemporaries, and the way “conservative” novus ordites, (concilliarists) modernists and liberals have claimed him. The verdict is clear: Newman’s philosophy was Anglican and un-Thomistic, his views on the Blessed Virgin Mary were low, and he hesitated to call Anglicans to the One True Church. His writings were received as liberal in his own time, and his followers after death were liberals and modernists. Today, conciliarists continue to promote him, hoping he will aid in undermining Traditionalist resistance.
Newman was not a Saint, nor a Doctor, nor ever will be. This video lays out the evidence and the reasoning behind this unavoidable conclusion.
Viva Cristo Rey.
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| Stabat Mater, the Hymn of the Virgin of Sorrows |
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Posted by: Stone - 09-15-2025, 07:09 AM - Forum: Marian Hymns
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Stabat Mater, the Hymn of the Virgin of Sorrows
NLM | September 15, 2025
Devotion to the Sorrows of the Virgin Mary originated in German-speaking lands in the early 15th-century, partly as a response to the iconoclasm of the Hussites, and partly out of the universal popular devotion to every aspect of Christ’s Passion, including the presence of His Mother, and thence to Her grief over the Passion. The feast that emerged as its formal liturgical expression of this devotion was known by several different titles, and kept on a wide variety of dates, but usually in Passiontide, or just after Easter. Before the name “Seven Sorrows” became common, it was most often called “the feast of the Virgin’s Compassion”, which is to say, of Her suffering together with Christ as She beheld the Passion. This title was retained well into the 20th century by the Dominicans, who also had an Office for it which was quite different from the Roman one, although the Mass was the same. It also appears in many missals of the 15th to 17th centuries only as a votive Mass, with no corresponding feast; this was the case at Sarum, where it is called “Compassionis sive Lamentationis B.M.V.” Its popularity continued to grow in the Tridentine period, until Pope Benedict XIII finally extended it to the whole of the Roman Rite in 1727.
![[Image: Pieter%20Pourbus%20-%20The%20van%20Belle...rows).jpeg]](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEij8vha0Y--oI9M_0wQ9IIiwMvIcrEGz360HbZXxyI7cwp26BExja_dmdq3zMWs9T2RkJn1gGEc8Ei0U9fq1ozRGifPBmVNt5jiEmv41xnii4KLOo0sQMoBLpTYVaOMVbMUQpbwKNNa5L8Iz1R2S9pfWfeuML8UgaoAlBMt8Brpe95sEYsZtw/w353-h400-rw/Pieter%20Pourbus%20-%20The%20van%20Belle%20Tryptich%20(Our%20Lady%20of%20Sorrows).jpeg)
The Virgin of Sorrows; the central panel of the Van Belle triptych by Pieter Poubus (1523 ca. - 1580); in the church of St James in Bruges, Belgium. There were different traditions as to which events in Our Lady’s life counted as Her Seven Sorrows; here they are (clockwise from lower left) the Circumcision, the Flight into Egypt, losing the Child Jesus, meeting Christ on the road to Calvary, the Crucifixion, the deposition from the Cross, and the entombment. The Roman version of the Passiontide feast contains no specific list. (Public domain image from Wikimedia Commons.)
A second feast of the Seven Sorrows was promulgated in 1668 as the Patronal feast of the Servite Order, which was founded in the mid-13th century by seven Florentine noblemen, and soon spread all over Europe. (St Philip Benizi, who stands in their history as St Bernard does in that of the Cistercians, not their founder, but their most famous member, was almost elected Pope in 1271.) This order had always nourished a strong devotion to the Mother of Sorrows, and has its own rosary of the Seven Sorrows, and its own Marian stations of the Cross. Pope Pius VII added their version of the feast to the general calendar in 1814, after he returned from the exile in France shamefully visited upon him by Napoleon. Part of his reason for doing would certainly have been to ask the Virgin’s intercession and protection for the Church in the midst of the many horrors visited upon it by the French revolution and the subsequent wars. It was originally kept on the Third Sunday of September, as it had been first by the Servites, but when Pope St Pius X abolished the custom of fixing feasts to Sundays, it was placed on September 15th, the day after the Exaltation of the Cross.
As is often the case with later feasts, there was a considerable variety in the liturgical texts of the earlier version of the feast from one place to another, and between the traditions of the various religious orders. But of course, one of the most widespread was the hymn Stabat Mater Dolorosa, which is universally regarded as one of the great masterpieces of later medieval devotional poetry. The author of this hymn is unknown, and has been the subject of a great deal of scholarly conjecture. For a long time, many attributed it to a Franciscan friar name Jacopone da Todi (‘Big James from Todi’, about 80 miles north of Rome in Umbria; 1230 ca. – 1306); however, a fairly recent manuscript discovery has made this attribution untenable. Others have ascribed it to Pope Innocent III, who reigned from 1198-1216, and was certainly a very prolific writer in various genres, but this remains no more than a plausible conjecture.
In the Roman liturgical tradition, it is sung as a hymn in the Divine Office in one melody of the sixth Gregorian mode, and in another of the second mode as a Sequence at Mass, between the Alleluia and the Gospel.
Many great composers have also put their hand to setting it polyphonically, such as Josquin des Prez.
Palestrina’s version, composed shortly before his death in 1594, was traditionally sung in Rome on Palm Sunday.
One of the best known versions is by the Baroque composer Giovanni Battista Draghi (1710-36), who is generally known by the last name “Pergolesi”, after Pergola, the small town in the Italian Marches from which his family came. This was also composed very shortly before the author’s death, of tuberculosis at the age of only 26. This became the single most frequently printed work of sacred music in the 18th century, and, in the common fashion of the Baroque era, was reused by several other composers, including JS Bach, who turned the music into one of his German cantatas, albeit with a completely different text based on Psalm 50.
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