Why Christine Lagarde supports Bitcoin

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The more Christine Lagarde repudiates Bitcoin, the more she highlights the advantages of Bitcoin in the face of its monetary management.

So we will see Christine Lagarde’s three most hated bitcoin profits.

Non-political and neutral management

Whether you are left or right, woman or man, young or old, French, Russian or Chinese, in war or in peace, Bitcoin is open to everyone without any restrictions.

Anyone can use bitcoin both as a simple user and as a block validator. The rules of bitcoin do not depend on a political agenda, on the ideology of the moment or on external events.

Nothing to do with Christine Lagarde who willingly accepts money from the Russians in Europe to confiscate them better later.

Or he’ll wait for his candidate friend Macron to be re-elected before raising rates. In early March, Christine Lagarde hesitated to raise rates. It must be said that with 600 billion euros of debt in 5 five years and a Bruno Le Maire shouting from the rooftops that this is not a problem, because the rates are low, you do not have to anger your friends before the elections. But once the elections are over, you can do it a spectacular rise in interest rates.

Faced with the weather vane of the ECB, which changes the rules at all times and distributes positive and negative points, Bitcoin presents itself as an immutable temple open to all.

The end of the press

The bitcoin rules are fixed and were chosen to protect your savings from inflation. Bitcoin is understood as digital gold. Thus its reserves are fixed at 21 million units and the more time passes the more the discovery the new bitcoins tend to zero.

Again, this contrasts with Christine Lagarde’s relentless banknote printing machine. Since taking office on 1 November 2019, the ECB’s balance sheet has almost doubled. On 4800 billion euros already paid into the economy before 2019, Christine Lagarde added alone 3700 billion. This peaks the budget at € 8.5 trillion, or 80% of the EU’s GDP.

Humanity has used many currencies such as wheat, spices, salt, metals or even shells. But with state-owned fiat currencies, this is the first time citizens have accepted an infinitely printable currency from their ruler.

This nonsense has to stop.

Become your own bank with Bitcoin

As soon as you entrust your money to a bank, it stops being your money. If you are on the side of the vouchers, the bank temporarily grants you the right to enjoy your money, provided that you fill out more and more cerfa to prove its origin.

The problem is that the definition of an asset is given by the central bank, and I remind you that its rules change rapidly.

Some Canadians have paid the price, as the Trudeau government froze the accounts of the Freedom Convoys participants. Christine Lagarde froze Russian assets at the start of the war in Ukraine. Yet the ECB did not freeze US assets after the invasion of Iraq.

This desire to take money directly from one’s account is not a distant nightmare reserved for certain dictatorships. When Christine Lagarde headed the IMF, she mentioned the idea of ​​taxing savings by 10% to pay off debts (source, of which you will notice in passing the bad faith of franceinfo).

In France, the Sapin 2 law of 2016 is very clear: the High Council for Financial Stability is authorized to suspend, delay or limit cash withdrawals or life insurance arbitration.

Yes, the state can freeze life insurance at any time… By itself it doesn’t have to plunder anything, but if you get 10% inflation on it during the freeze, that’s just like.

On the Bitcoin side, everything is mathematically sealed. You are the sole holder of your encryption key. Nobody can freeze or steal your bitcoins. In the immutable bitcoin temple open to all, the vault is public and anyone can request their vault.

All the advantages of bitcoin over the ECB fuel Christine Lagarde’s hatred of it. Christine Lagarde’s nefarious power over the euro is impossible with bitcoin.

Thank you Christine Lagarde for reminding us every day of your danger and the good reasons for owning bitcoin.

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