Netherlands proposes unprecedented law in Europe to monitor all bank transactions above 100 Euro


Well now, who didn't see this coming from specifically this country. Many actually, but if you've been following up on these type of posts frequently this will not come as a surprise to you. It may still shock you, but you'd understand that the shaping of EU law and policy does not come from countries like Romania or Hungary, no it is established by monetary influence from e.g. Netherlands or Germany. This is why this radical proposal is a threat to all EU member states as well, but before we digress too far let's first examine the proposed law in detail:

"The Dutch government has been the first in Europe to propose a law aimed to obligate banks to monitor all bank transactions of Dutch citizens above 100 Euros. The Dutch minister of finance thinks this is necessary to fight money laundering. Critics call the proposal a grave violation of privacy rights. "The Netherlands is a pioneer at creating possibilities that will violate constitutional rights" (E. Timmer). In the proposal that was handed in 21 October, banks could be obligated to use algorithmic methods to store all banking transaction details in a centralized database. Only transactions below 100 Euro that were strictly consumer based will be exempt." Translation, if you as a small business owner transfer 5 Euros to your brother, you will have applied both of you for a spot in the database.

"Another thing that's striking is that the government seems to be suggesting that it is a necessity the banking cartel has to collect and process all social security numbers of all Dutch citizens, implying that a lot of Dutch citizens are suspected of money laundering or terrorist activities...The DPA (Dutch Data Protection Authority) also labeled the proposed law as "taking it way too far"....Foundation Charity First labeled it "banking bottom trawling" and calls on everyone to very critically examine the proposal and push parliament members to not adapt any constitutionally unjust laws. Timmer concluded that this law will risks opening the door for unprecedented mass surveillance and that the government seems to be ignoring the before mentioned concerns of the DPA...This proposal seems to be in line with the control-trend by the government which is ever increasing. Just last week the Dutch queen pleaded at an IMF meeting in Washington for a CBDC."

Hmmm that's odd, I thought that European dictator families were all merely "symbolical" and that they never meddled in these kind of things. Ohh but get this, the people that suck entire nations dry by the billions want us to think they are not meddling or anything, no they are doing it because they care for the poor and unbanked: "CBDCs could offer many options to expand access to the unbanked, and to serve the vulnerable and the poor." Seriously, they must think we are all as dumb as the fanboys that worship them.😂 I did like that she accidentally advocated for decentralized crypto tho. "As we know, traditional financial services create many roadblocks for the poor - such as transaction fees, minimum account balances, or formal proof of identification." Uuhhh yeah, that's why we Bitcoin.😎

On a relevant subject, the same minister of finance concluded that the framework is there for a CBDC digital Euro and that future transactions on it will be "private up to a certain point". Well, I think we now know what that point is. Oh, and if you want to know what the average citizen trapped in the EU thinks of their CBDC, that's no secret either. But don't expect any of that to matter tho.

 

 

 

 

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Geo-Political & Economical developments
Geo-Political & Economical developments

Things are almost never as they seem. If you sincerely think that world powers would spend their money and resources in order to just "help" citizens from foreign nations, you might want to ask yourself why they've been neglecting and out right murdering their own citizens for decades. What are their true motives for wanting to fund foreign (terror) groups, start global confrontations and wars? I'll let you in on a little secret; It has NOTHING to do with "human rights" nor "democracy".

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