Like the Bush era when everyone and their hairdresser flipped houses with no value-added. Add in the Bitcoin futures to the recent mix and you have the rough equivalent of Mortage Backed Securities as a multiplier of expanded risk.
The underlying basis of bitcoin has no tangible value, and is too volatile to be a true currency. It won’t end well. Sure it may rise another ten-fold, but that will make the impact even worse. Its only real value is to speculators and criminals who do bitcoin transactions with anonymity.
Some like the cringe-worthy twins will make fortunes, while those left holding at the end will be destroyed, just like 2008. And there may well be collateral damage again to the market and economy.
Eating “Camel Steak” with the “Partner in Crime” on our last night in Hurghada, Egypt…xXx Comments comments
So glad to be given the opportunity to interview the Head of Consumer Finance at Bank Alfalah Limited (Pakistan), Shahzad Ishaq on his journey to leadership and what it takes to build an executive presence. (His picture is not coming… Đọc tiếp
From one of my favourite authors Noam Chomsky, a very poignant opinion on the state of the US political system and how it affects the world. Chilling stuff…. Comments comments
Community Yard Sale today! If you’re in the area, come on down to Markham Crescent for our street sale ? Comments comments