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Interesting to see that you and many others think that "the real financial world" works significantly differently. Countries, (central) banks, family funds and
by bboygravity 4y ago
Interesting to see that you and many others think that "the real financial world" works significantly differently.
Countries, (central) banks, family funds and hedge funds are about to fail (or are already failing) in a very similar way but on a much much grander scale.
- grey-area 4y agoEveryone’s a con-artist is neither accurate nor useful. Some things are clearly a con (the operations listed above in my view), most things are not.
- efficax 4y agothe real financial world really does work differently. even bizarre instruments like credit default swaps are rooted in an asset of real value (homes). stocks, bonds, real estate, these are all connected to things that have value or produce value, corporations, governments, land. crypto tokens are pure speculative assets that have value only so long as you can get suckers to buy them. they’re effectively really incredible counterfeits, that will be instantly worthless the moment the moment enough people realize that the sucker pool has run dry