Head of the European Central Bank Christine Lagarde has called for global regulations on Bitcoin, labeling the cryptocurrency “reprehensible.”
Lagarde made the comments during a Reuters Next conference earlier today, during which she asserted that Bitcoin was not a currency.
“When you look at the most recent developments upward, and now the recent downward trend … for those who have assumed that it might turn into a currency, terribly sorry but this is an asset and it is a highly speculative asset,” she said.
The former head of the IMF, who was previously found guilty of financial negligence by a French court over a €403 million arbitration deal in favor of businessman Bernard Tapie, went on to accuse Bitcoin of being heavily embroiled in criminal activity.
“(Bitcoin) has conducted some funny business and some interesting and totally reprehensible money laundering activity,” said Lagarde.
The ECB head went on to call for Bitcoin to be regulated by financial authorities.
“There has to be regulation. This has to be applied and agreed upon […] at a global level because if there is an escape that escape will be used,” she said.
Globalists and technocrats have long begrudged Bitcoin because it is decentralized and therefore impossible to come under the control of centralized financial institutions. The cryptocurrency has also provided a refuge for dissidents who have been deplatformed by regular financial services and institutions over their politics.
Bitcoin recently soared to a record high above $41,000 dollars but has since fallen back to around $35,000 dollars.
After the cryptocurrency previously hit a record high of above $17,000 dollars at the end of 2017 it then sank bank to around $3,000, emphasizing the wild volatility of the asset.
However, numerous analysts are predicting that growing debt, record money printing and hyperinflation could see Bitcoin soar into the hundreds of thousands over the next year.
In a speech to mark him taking the oath of office, Hungarian Prime Minister Viktor Orbán warned that the west is subjecting itself to “suicide waves” of decline in the form of self-inflicted economic wounds, mass migration and an obsession with identity politics.
Orbán’s conservative Fidesz party swept to victory in the election last month with another two-thirds majority, despite a massive effort by globalist interests to derail his candidacy.
During a speech in parliament, Orbán cautioned that the continent faced perilous times ahead.
“Everything that has happened since 2020 points in one direction: Europe and the Hungarian people in it have entered an age of danger,” said Orbán. “The decade began with the coronavirus epidemic and continued with the war. The sanctions from the war brought an economic downturn.”
“The war and sanctions policy caused an energy crisis, and U.S. interest rate hikes brought an age of inflation,” he added.
The Hungarian leader went on to lament that Europe was entering an “age of economic downturn” and a worsening mass migration problem.
Orbán said we are now witnessing the “suicide waves of the Western world” characterized by the replacement of Christianity with a vacuous cult of identity politics.
“Such is the program of the great European population exchange, the essence of which is to replace the missing Christian children with migrants. Such an experiment is a program of gender madness and a liberal Europe that transcends nation-states and Christianity, and puts nothing in their place,” said Orbán.
“They forget that man alone can never be free, only lonely,” he added.
Orbán expressed hope that his own people could fight back, “because the Hungarians were carved out of hard wood, so we stubbornly resist the decline.”
As we previously highlighted, the EU imposed sanctions on Hungary, directly afflicting the poor, because Hungarians dared to vote for a leader the globalists don’t like.
EU Head Says Ukraine “Belong[s] To Us” As She Announces TOTAL BAN On RT and Sputnik News Broadcasts
“They are one of us and we want them in.”
Published
3 months ago
on
28 February, 2022
Steve Watson
Screenshot
Last week we reported that it seemed increasingly likely that countries in Europe would shut down RT’s broadcasts, labelling the channel ‘Russian propaganda’. Now it has been confirmed by the European Commission president.
Ursula von der Leyen announced Sunday that the EU will ban not only RT (Russia Today), but also Sputnik TV broadcasts. It is not known at this time whether the ban will extend to the websites of the networks.
In what she admitted was an “unprecedented” step, von der Leyen declared “we will ban in the European Union the Kremlin’s media machine,” claiming that the networks are spreading “harmful disinformation.”
“The state owned Russia Today and Sputnik, as well as their subsidiaries, will no longer be able to spread their lies to justify Putin’s war and to sow division in our union,” the Commission head proclaimed, adding that the EU is further “developing tools to ban toxic and harmful disinformation in Europe.”
In other words, only Western EU bureaucrat approved media broadcasts will be available for consumption throughout the bloc from now on.
The announcement came simultaneously with a declaration to shut down EU airspace for all Russian aircraft:
Second, we will ban the Kremlin’s media machine in the EU.
The state-owned Russia Today and Sputnik, and their subsidiaries, will no longer be able to spread their lies to justify Putin’s war.
We are developing tools to ban their toxic and harmful disinformation in Europe. pic.twitter.com/7RcPEn6E14