Like the Bush era when everyone and their hairdresser flipped houses with no value-added


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.

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Barbara Jones

December 19, 2017

The nitwits who sued Zuckerberg over Facebook.


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