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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Innhold levert av THE NEIL GARFIELD SHOW. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av THE NEIL GARFIELD SHOW eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
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Elephant in the room: Securitization is a PONZI scheme
MP3•Episoder hjem
Manage episode 318775834 series 2453550
Innhold levert av THE NEIL GARFIELD SHOW. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av THE NEIL GARFIELD SHOW eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.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•Episoder hjem
Manage episode 318775834 series 2453550
Innhold levert av THE NEIL GARFIELD SHOW. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av THE NEIL GARFIELD SHOW eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.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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