• 2 hours Is Tech Billionaire Peter Thiel Done With Trump?
  • 8 hours Musk Takes To Twitter To Troll The SEC
  • 1 day Lunar Mining May Commence As Early As 2025
  • 2 days Immigration Will Go Bust Without $1.2B Bailout
  • 2 days The Economics Of The Space Race
  • 3 days Why The World's Central Banks Aren't Yet Sold On Renewables
  • 4 days How Much More Cash Can Uber Burn?
  • 4 days Inside The Biggest Counterfeit Gold Scandal In Recent History
  • 4 days EU-U.S. Trade Relations Are Deteriorating
  • 5 days Over 184 Companies Have Bailed On Facebook
  • 5 days BP Sells Petrochemical Business For $5 Billion
  • 5 days U.S. Moves To Secure Domestic Rare Earth Supply
  • 6 days E-Commerce Explodes As Boomers Go Digital
  • 6 days Major U.S. Cities Are Turning To Renewables
  • 7 days Economic Reopening Backfires, COVID Surge Snaps Recovery
  • 7 days How Are Low Car Sales Impacting The Metals Market?
  • 8 days Are Gold Stocks Still Undervalued?
  • 8 days Singapore's $3 Billion Oil Trading Scandal
  • 9 days Luxury Clothing Isn’t A Priority As Americans Grapple With COVID-19
  • 9 days Natural Gas Demand Hits 25-Year Low
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

Mayor of Barcelona Prepares New Digital Local Currency

The new mayor of Barcelona, Ada Colau, says Preparations Underway for New Local Digital Currency.

The objective of the currency, whose name will be decided after a participatory process, is to "promote local businesses."

Libre Mercado says the plan looks more like a publicity campaign for Barcelona. The Bank of Spain called the currency "impossible besides undesirable".

I point out that Barcelona is the capital and largest city of Catalonia, the second-largest city in Spain and the center of one of the largest metropolitan areas in Europe.

Please note the connection: Pro-independence parties in Spain won an outright majority in the recent Catalonia regional election.

Reuters reported Victorious Separatists Claim Mandate to Break with Spain.

I commented Pro-Independence Parties in Catalonia Unite to Form Government; Showdown with Madrid Coming Up

That showdown now includes a new digital currency.

 

Back to homepage

Leave a comment

Leave a comment