Con coins or stablecoins?

Editor's note: Stablecoins are in the news this time with a Nobel Prize-winning French economist suggesting if there is a financial crisis the peasant slave class (tokenized assets on the blockchain) might end up bailing out stablecoins. It seems we are going to see a "bold new agenda for society." A couple of very good questions are raised in this republished material based on our previous post concerning stablecoins:

Keep the ponzi scheme going -------------> Stablecoins
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Economist warns of a taxpayer bailout of stablecoins; is this fear-mongering to suit a Globalist agenda?

By Rhoda Wilson | September 1, 2025

French economist Jean Tirole warns that inadequate regulation of stablecoins could lead to government bailouts costing billions of dollars if they collapse during a financial crisis.

Is this a truthful warning? Or is it a nudge so the public accepts more regulation, control and, ultimately, tokenisation of societies?

Jean Tirole, a professor at the Toulouse School of Economics and a Nobel Prize-winning economist, has issued a stark warning that inadequate regulation of stablecoins could lead to government bailouts costing billions of dollars if these digital assets collapse during a financial crisis.

In an interview with the Financial Times, Tirole said he was "very, very worried" about the current supervision of stablecoins, cautioning that a loss of confidence in their reserves could spark a rush of withdrawals, undermining their peg to sovereign currencies such as the US dollar.

"Global use of stablecoins has already risen to around $280bn as US President Donald Trump pushes to establish them as a pillar of mainstream finance," the Financial Times said.

Tirole's concern is that if a stablecoin becomes systemically important and fails, it could cause widespread financial contagion, necessitating a taxpayer-funded bailout to prevent a broader economic collapse.

The warning comes as global regulators, including those in the US and EU, are actively developing comprehensive frameworks to manage the systemic risks posed by stablecoins, according to Coin World.

Crypto News noted that the Economist argues that the risk of a bailout could be contained if supervisors had enough resources and incentives to act diligently. "The debate comes as stablecoins continue to anchor much of global crypto trading. Supporters see them as essential for bridging fiat and digital finance, while critics worry about the lack of transparency and the potential burden on taxpayers if a collapse occurs."

The Financial Times noted that "Tirole's warning comes a month after the European Central Bank [ECB] cautioned that the rise of US dollar-backed stablecoins threatened to undermine its control over monetary policy."

Is the ECB battling with the US for control merely over monetary policy?

At the Technocracy Roundtable at the end of last month, Aaron Day, Courtenay Turner, Patrick Wood and Craig Wenclewicz discussed the concept of tokenisation. Day explained:

"CBDCs or stablecoins are just a digital token that represents a dollar … But in the technocratic version of this, there are some features about these tokens that are alarming. They can be centrally controlled and issued. They can be programmed. They can be tracked. And they can be censored."

He continued, "But [the Technocrats are] not just stopping at tokenising money. They literally want to tokenise every asset on Earth. They want to tokenise stocks, bonds, commodities, everything that you can imagine, they want to tokenise."

Combined with a social credit system, this would mean that not only can they stop you from using your money if you behave in such a way that they do not permit, but "they can actually stop you from moving any of your assets or even potentially using your assets."

The GENIUS Act and the Clarity Act establish stablecoins and digital assets that are centralised versions of tokens which are controlled and managed by third parties, Day explained. "So, it is really the platform by which they implement technocracy."

Technocracy Roundtable: What is tokenisation? The Exposé, 30 August 2025

If you want an understanding of what Technocrats are doing concerning stablecoins and other cryptocurrencies, we recommend you listen to the 50-minute discussion at the Technocracy Roundtable beginning at timestamp 22:39.

Is Tirole's warning fear-mongering or, perhaps, serving as a trigger to push the tokenisation agenda along? It quite possibly is either. In 2017, he published a book titled 'Economics for the Common Good', describing "a bold new agenda for the role of economics in society."

Please go to The Expose to continue reading.

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Vladimir Putn's advisor Anton Kobyakov describes how the US crypto scheme will be used to erase its $35 trillion debt: