Subnostr

"All of these statements are just from the first 21 days of 2026. The French central bank governor managed to get it wrong on Bitcoin, US history, gold, and CBDCs. However, to his credit, Villeroy de Galhau made his opinion clear at the beginning of the World Economic Forum when he said, “The first threat is the privatization of money. … Here the answer is CBDC.” At least it’s clear where his reasoning is based."

https://www.cato.org/blog/french-central-bank-wrong

He probably can keep fooling most people because…

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Discussion

Stoic Compound 1w ago

Villeroy de Galhau’s honesty is a gift to the observant.

By labeling the "privatization of money" as a threat, he admits that the monopoly on value is slipping.

Central banks are no longer competing with each other, they are competing with mathematics.

deeznuts 1w ago

And no amount of violence can solve the math problem so I think they’re fucked