Technologists and crypto-enthusiasts Joel Comm and Travis Wright attempt to demystify the world of bitcoin, blockchain, litecoin, ethereum, alt-coins, token generation events, and ICOs in this podcast for cryptocurrency newbies.
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Elephant in the room: Securitization is a PONZI scheme
MP3•Episode hjem
Manage episode 318775834 series 2453550
Indhold leveret af THE NEIL GARFIELD SHOW. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af THE NEIL GARFIELD SHOW eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.
Tonight I will explain why securitization claims are just simply a PONZI scheme and what that means to the ordinary consumer/homeowner (and "borrower") in any consumer transaction. But let's start with this, as a checklist of items we will cover tonight: ESSENTIAL ELEMENTS OF A SUCCESSFUL PONZI SCHEME Exponentially increasing liabilities --- i.e., mounting debt. that is not disclosed until it crashes crappy, nonexistent, or inadequate assets deceitful or nonexistent accounting feeble, inert or toothless regulation a get rich quick culture for preference salted with a whole array of inappropriate incentives stupid, ignorant, lazy investors--- the greedier the better, and an astonishing capacity for self-delusion
…
continue reading
300 episoder
MP3•Episode hjem
Manage episode 318775834 series 2453550
Indhold leveret af THE NEIL GARFIELD SHOW. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af THE NEIL GARFIELD SHOW eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.
Tonight I will explain why securitization claims are just simply a PONZI scheme and what that means to the ordinary consumer/homeowner (and "borrower") in any consumer transaction. But let's start with this, as a checklist of items we will cover tonight: ESSENTIAL ELEMENTS OF A SUCCESSFUL PONZI SCHEME Exponentially increasing liabilities --- i.e., mounting debt. that is not disclosed until it crashes crappy, nonexistent, or inadequate assets deceitful or nonexistent accounting feeble, inert or toothless regulation a get rich quick culture for preference salted with a whole array of inappropriate incentives stupid, ignorant, lazy investors--- the greedier the better, and an astonishing capacity for self-delusion
…
continue reading
300 episoder
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