DireMunchkin's avatar
DireMunchkin 3 weeks ago
I wondered if you meant to write something like "Lagarde almost sounds like a Bitcoiner when she talks about the need for **nation-states** to reclaim their financial sovereignty". This would make sense to me because I know the ECB has frequently sold the digital euro as a way to make financial infrastructure independent of US companies. If you really meant to put "individuals" in that sentence I don't follow your reasoning as I don't think Lagarde has ever expressed much interest in individual financial sovereignty. For European nations certainly, but individual Europeans not so much.

Replies (1)

Ohhhhh, I see now. Thank you. So both are true. EU sovereignty has been the driving push for the last year. However, in a new interview, Lagarde made a new argument for individual sovereignty in reaction to US sanctions. Now, do I actually believe she cares about individual sovereignty for people like us? No. But that is the argument she made. I’m with family right now but you raised a really important point: even though she says that, there’s still no individual sovereignty since the EU can target you with the digital euro. I’ll post a follow up soon