IMF Chief Lagarde: ‘We Are About To See Massive Disruptions’

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IMF head, Christine Lagarde, is fully complicit with the United Nations, Sustainable Development, Green Economy, Fintech and hence, Technocracy. Technocrats have created a huge moral hazard that favors the destruction of Capitalism and Free Enterprise. ⁃ TN Editor

It’s time for the world’s central banks and regulators to get serious about digital currencies, according to the head of the International Monetary Fund.

Global financial institutions are taking risks by not watching and understanding emerging financial tech products that are already starting to shake up the financial services and global payments system, according to IMF Managing Director Christine Lagarde.

“I think that we are about to see massive disruptions,” Lagarde told CNBC in a Facebook Live interview on the sidelines of the IMF Annual Meetings in Washington D.C.

Asked whether she agreed with JPMorgan Chase CEO Jamie Dimon’s comments that bitcoin is a “fraud,” Lagarde said it’s important to look at the broader implications of technologies like digital currencies.

“I think we should just be aware of not categorizing anything that has to do with digital currencies in those speculation, ponzi-like schemes,” she said. “It’s a lot more than that as well.”

Lagarde didn’t rule out that the IMF could at some point develop its own cryptocurrency. She pointed to the IMF’s Special Drawing Right (SDR), a currency the IMF created to serve as an international reserve asset, that could incorporate technology similar to cryptocurrencies.

“What we will be looking into is how this currency, the special drawing right, can actually use the technology to be more efficient and less costly,” she said.

Lagarde moderated a panel discussion on Thursday focused on fintech and the role of central banks, featuring central bank officials and executives from fintech companies. Lagarde told CNBC she expects the IMF will play a role in regulating the fintech industry going forward.

“My hope is that we can participate in that process because I see that as a very cross-border process,” she said.

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2 Comments on "IMF Chief Lagarde: ‘We Are About To See Massive Disruptions’"

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Bepe
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The IMF and now Lagarde have been at the forefront of the destruction of nations across the globe. They push capitalism on poorer nations, then lend them money to make changes to their way of operating but when western capitalism does not work there, they demand payment for these loans and if there is no money, they force austerity and then the nation suffers a far worse fate than when the IMF first arrived! The IMF is like an American Hedge Fund, who comes in to make every penny they can from a business and then bankrupts them, This is… Read more »
Ojedam
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Lagarde is confused with Bitcoin….the IMF is so used to controlling the world with it’s black magic currency fiat that the disruption is unbareable…..the winds of change are coming about as the masses of people are awaking…..

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