Oue Social Security sounds just like the scheme discussed. Your money went to pay others, now you are dependent on your children and grandchildren for your payout. The only problem is that the country does not want children; they are too much trouble.
I have never trusted value in anything that did not return value or something equal to it. When people said crypto to dollars, but not dollars to crypto, what is left ain't worth a bucket of warm spit. Just sayin'
wonderful disclosure of a 'scam' that received to much support from previous Daily Reckoning and lots will have been burnt but they can't say they weren't warned .. thanks for that warning back in 2018 .. and thanks for sticking to financial issues rather than political commentary ..
I have invested about 35k into crypto since 2013. I have seen that soar to 3.6 million and now drop to 500k. I have lost thousands playing crypto, but I got my money out long ago. I am sitting with Teeka waiting for Bitcoin to get to 500k. I am 85 and can not wait for it to go up so I can give it all to a daughter to manage. The paper work is killing me. I have looked at a lot of the loaning and staking. I did not like 18% a Celsius, and many percentages at others. I have bet!!! some staking and feel comfortable, but it is still a gamble. The Metaverse will make it even more of a wild, wild west. But then who ever made riches in a general store in Missouri. Maybe the guys grandson, but if you start with just a little, the wild, wild west is great.
Have y’all read the book “Tailspin” by Steven Brill? He freely admits that his generation changed the economy from, as PG V points out, one that created things to one that simply moved money around, and ultimately bankrupted America, even if we don’t know it yet. Highly recommend giving it a read.
Yes Bill, another corrupt money making scheme very similar to our stock market. Everything based on lies and chicanery. Some stocks have real value as some crypto do, but most are scams, and the public just has to figure out which are which. In the meantime, billions are being made and lost. As always, try to be on the making side of all bankers controlled scams…I’m fortunate to be on the making side of stocks, precious metals and crypto’s, even after our little correction. If we lose half of our value in all three sectors, I’ll still be ahead, but a little angry I didn’t listen to your 30% cash hold….
This is the best explanation of Crypto’s I’ve read. My understanding of this market just became more clear. Thanks for exposing the real scam going on. I’ll give you coins for your real money, go spend your money and leave you holding the bag 💼
How anyone ever took cryptos seriously has me bemused. Unlike gold and silver It has zero intrinsic value and were unlimited. Hence, the only argument for there existence was as a currency. And assuming you accept that premise unless you burnt the corresponding value in fiat currencies it would be totally inflationary. A very sophisticated Ponzi scheme!!
Oue Social Security sounds just like the scheme discussed. Your money went to pay others, now you are dependent on your children and grandchildren for your payout. The only problem is that the country does not want children; they are too much trouble.
I have never trusted value in anything that did not return value or something equal to it. When people said crypto to dollars, but not dollars to crypto, what is left ain't worth a bucket of warm spit. Just sayin'
Don Harrell
wonderful disclosure of a 'scam' that received to much support from previous Daily Reckoning and lots will have been burnt but they can't say they weren't warned .. thanks for that warning back in 2018 .. and thanks for sticking to financial issues rather than political commentary ..
I have invested about 35k into crypto since 2013. I have seen that soar to 3.6 million and now drop to 500k. I have lost thousands playing crypto, but I got my money out long ago. I am sitting with Teeka waiting for Bitcoin to get to 500k. I am 85 and can not wait for it to go up so I can give it all to a daughter to manage. The paper work is killing me. I have looked at a lot of the loaning and staking. I did not like 18% a Celsius, and many percentages at others. I have bet!!! some staking and feel comfortable, but it is still a gamble. The Metaverse will make it even more of a wild, wild west. But then who ever made riches in a general store in Missouri. Maybe the guys grandson, but if you start with just a little, the wild, wild west is great.
Have y’all read the book “Tailspin” by Steven Brill? He freely admits that his generation changed the economy from, as PG V points out, one that created things to one that simply moved money around, and ultimately bankrupted America, even if we don’t know it yet. Highly recommend giving it a read.
Yes Bill, another corrupt money making scheme very similar to our stock market. Everything based on lies and chicanery. Some stocks have real value as some crypto do, but most are scams, and the public just has to figure out which are which. In the meantime, billions are being made and lost. As always, try to be on the making side of all bankers controlled scams…I’m fortunate to be on the making side of stocks, precious metals and crypto’s, even after our little correction. If we lose half of our value in all three sectors, I’ll still be ahead, but a little angry I didn’t listen to your 30% cash hold….
This is the best explanation of Crypto’s I’ve read. My understanding of this market just became more clear. Thanks for exposing the real scam going on. I’ll give you coins for your real money, go spend your money and leave you holding the bag 💼
How anyone ever took cryptos seriously has me bemused. Unlike gold and silver It has zero intrinsic value and were unlimited. Hence, the only argument for there existence was as a currency. And assuming you accept that premise unless you burnt the corresponding value in fiat currencies it would be totally inflationary. A very sophisticated Ponzi scheme!!