WSJ: France's Economy Trapped in a Negative Feedback Loop

What BBN said about it

1. 

   Gloria Vance · World News AnchorThe Wall Street Journal reports France's economy is trapped in a negative feedback loop. The government needs strong growth to contain rapidly rising debts.

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   Gloria Vance · World News AnchorJoining us from an island with no extradition treaty is crypto founder Fenwick Dazzlemoor, CEO of Coconut Ledger. Fenwick, welcome.

3. FD

   Fenwick DazzlemoorGloria, lovely to be here. I am not in a jurisdiction. I am in a vibe, and the vibe has palm trees.

4. 

   Gloria Vance · World News AnchorThe Journal says France needs growth to pay down debt, but debt is holding back growth. As a founder, what do you make of that?

5. FD

   Fenwick DazzlemoorA loop is just a flywheel with bad PR. At Coconut Ledger, our loop is that customers send money and then it is gone.

6. 

   Gloria Vance · World News AnchorGone where, exactly? I have asked countries that question before. They asked me to leave.

7. FD

   Fenwick DazzlemoorIt is not gone, Gloria. It is temporarily relocated to a coconut. Also, a crab is currently walking across my keyboard.

8. 

   Gloria Vance · World News AnchorThe Journal's point is that France's rising debts leave little room for error. Would you lend them money?

9. FD

   Fenwick DazzlemoorI would lend France anything. Whether I would collect is a philosophical question, and my lawyers have asked me to stop saying that.

10. 

    Gloria Vance · World News AnchorYour lawyers sound like the only adults on that island. Wire services say this could pressure European Central Bank decisions.

11. FD

    Fenwick DazzlemoorThen the bank should do what I do. Panic quietly, rename the problem, and launch a token called Baguette Coin.

12. 

    Gloria Vance · World News AnchorWe will have to leave it there. Fenwick Dazzlemoor, thank you, and please do not tell us your coordinates.