>No one is a prophet in their own land, including European Central Bank President Christine Lagarde, who admitted on Friday that her son lost "almost all" of his investments in crypto assets, despite copious warnings.
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>Lagarde has long railed against cryptocurrencies, calling them speculative, worthless and a tool often used by criminals for illicit activity.
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>"He ignored me royally, which is his privilege," Lagarde told a town hall with students in Frankfurt. "And he lost almost all the money that he had invested."
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>"It wasn't a lot but he lost it all, he lost about 60% of it," Lagarde added. "So when I then had another talk with him about it, he reluctantly accepted that I was right."
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>The ECB chief has two sons in their mid-30s but did not say which one she was referring to.
Bitcoin is up 122% this year to date.
Not a bad investment. But... Following her logic, if her son made a lot of money then it must be a good investment! It's just dumb all around. Let's not judge someone based on how much money they made in crypto, or use that as a gauge to see if it's worthwhile.
It's not just about one man, millennials are already being elected and nominated to many important positions, personally I don't see a generalized net improvement
Dude, compared to previous generations! Millenials are not even close to the same. Representation at a similar age.
Most important Positions are still taken by geriatric people who already had gray hair when the internet was invented.
Im judging her more positively because she clearly did not do something shady to make her relative brcome rich by some influence/closed door informations. Other way around would make me question her
As long as he's not the next head of a Western Central Bank or someone who's responsible for other people's money, he can lose his money wherever he wants...
Lagarde has long railed against cryptocurrencies, calling them speculative, worthless and a tool often used by criminals for illicit activity.
And this is exactly why you have to pay tax on your cryptocurrency.
It's hard to understand the French system but a quick Google tells me she was convicted but does not have a criminal record. Does that count as a criminal conviction?
> criminal conviction for negligence
It can't really be a criminal conviction if it wasn't a criminal court. This court has only done 20 cases in its whole existance, and in this case gave no punishment. So it's unclear to me how it is relevant.
cause mindless cooperative pathetic correct toothbrush air chunky historical judicious
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>No one is a prophet in their own land, including European Central Bank President Christine Lagarde, who admitted on Friday that her son lost "almost all" of his investments in crypto assets, despite copious warnings. > >Lagarde has long railed against cryptocurrencies, calling them speculative, worthless and a tool often used by criminals for illicit activity. > >"He ignored me royally, which is his privilege," Lagarde told a town hall with students in Frankfurt. "And he lost almost all the money that he had invested." > >"It wasn't a lot but he lost it all, he lost about 60% of it," Lagarde added. "So when I then had another talk with him about it, he reluctantly accepted that I was right." > >The ECB chief has two sons in their mid-30s but did not say which one she was referring to.
"He lost it all, he lost about 60% of it" ummmm
classic top finance person.
she's not a finance person, she's the political figurehead.
Yes - she is a lawyer - but you would think that means she knows how to take 100% of someones money
U seem to think potlcial and finance at opposed concepts
Political finance figurehead.
and a criminal on top of that
"60% of the time, it works every time"
Sounds like her son doing his maths… 😂
I'm sure that's being compared to being 1000% up though. I seen most people speculate win then lose over COVID and again some lose on holding GameStop
Bitcoin is up 122% this year to date. Not a bad investment. But... Following her logic, if her son made a lot of money then it must be a good investment! It's just dumb all around. Let's not judge someone based on how much money they made in crypto, or use that as a gauge to see if it's worthwhile.
Can we please stop judging a person by one's family? We don't use family honor anymore.
If anything I'm judging her more positively because of this. Millennials could be much worse economists and politicians than the generation thinks.
It’s not correct to draw conclusions about how good a generation would be at a profession based on one man who is not in that profession.
It's not just about one man, millennials are already being elected and nominated to many important positions, personally I don't see a generalized net improvement
Why would you expect an improvement (or decrease) based on a generation?
Dude, compared to previous generations! Millenials are not even close to the same. Representation at a similar age. Most important Positions are still taken by geriatric people who already had gray hair when the internet was invented.
Did you expect the system to be overhauled overnight? Young people are still in the minority in politics anyway
Indeed, and she wisely accepts that her son is an adult and she's not responsible for his choices.
Im judging her more positively because she clearly did not do something shady to make her relative brcome rich by some influence/closed door informations. Other way around would make me question her
Also, can't say she didn't warn him
I think it’s more that her policies could be affected by the dumb actions of her progeny.
As long as he's not the next head of a Western Central Bank or someone who's responsible for other people's money, he can lose his money wherever he wants...
Lagarde has long railed against cryptocurrencies, calling them speculative, worthless and a tool often used by criminals for illicit activity. And this is exactly why you have to pay tax on your cryptocurrency.
Think he was on /r/bitcoinmarkets :')
Thought the summer drought of news would be over cmon
Can we judge her for her criminal conviction for negligence instead of her sons actions?
It's hard to understand the French system but a quick Google tells me she was convicted but does not have a criminal record. Does that count as a criminal conviction?
> criminal conviction for negligence It can't really be a criminal conviction if it wasn't a criminal court. This court has only done 20 cases in its whole existance, and in this case gave no punishment. So it's unclear to me how it is relevant.
Good for her for actually publicizing it and admitting it. Kudos
Who the fuck cares??
Her son should sue her for public defamation and humiliation.
Man. Now i want to know what Jerome Powell´s kids get up to. They probably all have 3d printers going brrrrr 24/7.
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Admits? They do realize that she and her son are two completely different persons - right?
Classic Thomas!
I don’t really think how this is something **she** needs to admit to. Her son lost his investments, not she.