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gerhard7
Southbank Investment Research
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Comments by "gerhard7" (@gerhard7323) on "Bitcoin is being buried alive" video.
Despite numerous claims to the contrary various studies have shown that people in the UK were at their happiest in the 1970s and it was actually a time when UK society was probably at its most equal. To be fair I was only young and remember those years very fondly, but I didn't have a mortgage or a family to feed.
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From fiat to equities to cryptos they're all Ponzi schemes to a greater or lesser degree and they're all predicated on the boring everyday genuinely productive economic tangibles that are necessary to underwrite them. Cryptos, and it wasn't that long ago there was one coming along every five minutes it seems to the extent that there are now thousands in existence, are underwritten ostensibly by the enduring faith people have in them. Despite the fallacious democratisation of money rhetoric that faith is increasingly found to be wanting and the genuine tangibles next to non-existent. The sad thing is it's largely poorer, more desperate people who will feel the pain of this inevitable collapsing house of cards as is the case with all ponzis when the reckoning eventually comes.
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