Including Peter Bale & me with guest Robert Patman on gas supplies to Europe being cut off; NATO's Scandi-pansion; this week's crypto-collapse; a Budget preview; double-digit housing deflation
I don't think that either Bernard or Rebecca were harsh enough on the utter trash-fire that the Crypto cash space has become infected with.
Rebecca mentioned how Crypto was being marketed through Multilevel Marketing schemes without even hinting why schemes like that should be avoided at all costs.
A similar case has been made by so many people over the problematic field of the NFT, which as an investment platform is nothing more than pyramid schemes marketed as Multilevel Marketing schemes.
We went though a massive worldwide financial crash in 2008 because of the marketing and adoption of artificial financial instruments inflating assets far beyond their actual worth.
How is the current crypto-asset space any different to that?
1) The Joke ...
"Man Who Lost Everything In Crypto Just Wishes Several Thousand More People Had Warned Him 4/07/22"
https://www.theonion.com/man-who-lost-everything-in-crypto-just-wishes-several-t-1848764551
2) The Reality ...
https://web3isgoinggreat.com/
I don't think that either Bernard or Rebecca were harsh enough on the utter trash-fire that the Crypto cash space has become infected with.
Rebecca mentioned how Crypto was being marketed through Multilevel Marketing schemes without even hinting why schemes like that should be avoided at all costs.
See
https://www.ftc.gov/sites/default/files/documents/public_comments/trade-regulation-rule-disclosure-requirements-and-prohibitions-concerning-business-opportunities-ftc.r511993-00010%C2%A0/00010-57283.pdf
A similar case has been made by so many people over the problematic field of the NFT, which as an investment platform is nothing more than pyramid schemes marketed as Multilevel Marketing schemes.
We went though a massive worldwide financial crash in 2008 because of the marketing and adoption of artificial financial instruments inflating assets far beyond their actual worth.
How is the current crypto-asset space any different to that?