

A lot of countries in Europe already have their own country-wide payment systems.
What we’re seeing now in Europe is the stage where those multiple country-specific systems become interoperable and a new international payment system appears.
Canada only needs the kind of thing which has been not just available but actually dominant for decades in countries like The Netherlands and Portugal.








I just want to inject here my experience in Britain during the 2008 Crash and its aftermath:
In Britain, the Finance Industry was 17% of GDP, so when the Crash happened the country was disproportionally hit.
After the crash the autorities chose to protect Asset Owners above all:
By 2015 the incomes of the top wealthier 10% of the population were growing in real terms 23% per year whilst the bottom 90% were seeing their incomes fall 1% per year in real terms.
This was roughly how things went for about a decade after the Crash. UK inequality is nowadays huge, social mobility near non-existent, average incomes when measured in a currency other than the pound - which went down following Brexit - have stagneted, overall economic growth is anemic and concentrated in highest wealth layers since that “growth” told by official GDP numbers is mostly asset prices going up.
This is the process by which the billionaires make sure they win: everybody gets hit more or less in a Crash, but in during the subsequent period when the state is supposedly trying to fix it, you get also sorts of “extreme measures required by extreme times” that, “curiously”, help the billionaires the most, so some years later everybody but the wealthiest slices of society are worst of whilst the wealthiest are much richer even than before the Crash.
I expect the plans of the billionaires who are cozying up with Trump is exactly to end up richer via this process.