I admit that i have watched a lot of smart people publicly speaking, and lately I stumbled at Anreas Antonopouloses videos. This guy is really funny, mainly becouse he's so brutally honest.
If you didn't know, Andreas will teach you that the way to learn of ponzi schemes is t get burned. You have to learn the hard way. Thats so rare in the world today! We can warn people about scams and schemes, but the only way to really learn is to lose money on them. So with experience we learn.
The ending is so brilliant that i had to write it down
"Caveat Emptor, buyer be aware"
"there are scams out there, we will not catch them until they have done enormous damage"
"you will lose your money, be careful"
"the stock market, is a pyramid scheme"
"the bond market, is a pyramid scheme"
"the automobile loan market, is a pyramid scheme"
"the student loan market is one of the biggest pyramid schemes we have ever built and all of them are going to crash"
"as are many of the altcoins and ICOs"
"and the only way to help investors is to let them make that mistake, take full responsibility for that mistake and lose all of the money they have put in. Yes, punish the people who did it afterwards, but you can't save people from their own stupidity and when you try you make them stupider
LOL - Seems to me that you're missing the BIGGEST PONZI SCHEME of all...
And....YOU'RE ALL INVOLVED EVERYDAY IN IT
(its also been the #1 method of the ENSLAVEMENT of Humanity)
Good point. No one should have the power to create money, and to know this paper money borrowing system is key. When i learned what FIAT money is and how its created i started to look for ways to save my money outside this system. This might be why i have some gold and silver and bitcoin.
Its been used as the ultimate tool of enslavement - around the world.
And, they're ALL sick of it...
We have a new global financial system ready to roll out, anytime now - tic/toc
It reminds me of what my dad used to say. Learn from other peoples mistakes, it hurts s lot less.
great post
Thank You So Much For Sharing This , Greatly Appreciated :)
Insurance and most financial derivative products are massive Ponzi schemes
nice photos greetings and invite you to my profile :) @synekto
one has to be careful
You can't fix stupid.