What did Chamath say about bond vigilantes and the riots in France?

Chamath Palihapitiya called the rioters criminals who should be arrested and met with a heavy hand. He said France's government will not reset its own finances, so bond investors will have to do it by making its debt too costly to finance. He said French 10-year yields should go to about 8%, which would force austerity and immigration onto the table.

Jason Calacanis said France's 10-year yield passed 5% that week, its highest since 2002.
Chamath said France had already proposed 50 billion euros of austerity and that the government will likely lose the next presidential election.
Chamath compared the targeting of Chinese-owned shops to Kristallnacht in 1938.

▸In their words

“I think you need to take France to like 8% and just break them.” Chamath Palihapitiya · at 1:25:05 — open in the transcript →

Source: our own transcription of the episode. The full conversation is on All-In with Chamath, Jason, Sacks & Friedberg (2026-10-23). Read the whole episode summary →

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