fake money

[Stalin]

everything about the frump crime family is fake, so it is no surprise that this feral tribe is taking the plunge into the latest scam
foisted on a gullible public...

FACT : crypto currencies have nothing to do with reality and everything to do with greed by talent-less people who want
to get "rich" by any means necessary..

a fool and their money are soon parted

"...American Bitcoin, the Bitcoin mining company backed by US President Donald Trump’s two sons, is preparing to begin trading on the Nasdaq in early September after finalizing a merger with Gryphon Digital Mining.

The company has secured both crypto-focused and traditional institutional investors for the all-stock deal, Asher Genoot, CEO of Hut 8, which owns 80% cent of American Bitcoin, told Reuters in an interview.

Anchor shareholders have already been lined up to support the debut.

Once the merger is completed, American Bitcoin will retain its name and trade under the ticker ABTC.

American Bitcoin Eyes September Trading Debut: Report

Trump-linked miner American Bitcoin is set to list on Nasdaq in early September through a merger with Gryphon Digital Mining.

cryptonews.com

comrade stalin
moscow

 

[mark francis]

everything about the frump crime family is fake, so it is no surprise that this feral tribe is taking the plunge into the latest scam
foisted on a gullible public...

FACT : crypto currencies have nothing to do with reality and everything to do with greed by talent-less people who want
to get "rich" by any means necessary..

a fool and their money are soon parted

"...American Bitcoin, the Bitcoin mining company backed by US President Donald Trump’s two sons, is preparing to begin trading on the Nasdaq in early September after finalizing a merger with Gryphon Digital Mining.

The company has secured both crypto-focused and traditional institutional investors for the all-stock deal, Asher Genoot, CEO of Hut 8, which owns 80% cent of American Bitcoin, told Reuters in an interview.

Anchor shareholders have already been lined up to support the debut.

Once the merger is completed, American Bitcoin will retain its name and trade under the ticker ABTC.

American Bitcoin Eyes September Trading Debut: Report

Trump-linked miner American Bitcoin is set to list on Nasdaq in early September through a merger with Gryphon Digital Mining.

cryptonews.com

comrade stalin
moscow

Crypto may turn out to be just another Ponzi scheme like the US dollar, Wall Street, or Social Security propped up by counterfeit money and irrational support in the assumed strength of the shaky instruments.

 

[Gabriel_Bell]

Social Security, the US dollar and wall street are NOT Ponzi schemes. Neither is crypto. That does not mean that crypto is a wise investment. The value of crypto is normally based on the amount of energy generated in the crypto mining process.

You do not know diddly-squat about economics, crypto, Social Security, or Wall Street.

 

[mark francis]

Social Security, the US dollar and wall street are NOT Ponzi schemes. Neither is crypto. That does not mean that crypto is a wise investment. The value of crypto is normally based on the amount of energy generated in the crypto mining process.

You do not know diddly-squat about economics, crypto, Social Security, or Wall Street.

Yes, Wall Street is associated with Ponzi schemes, notably through the case of Bernie Madoff. Madoff, a former Nasdaq chairman, ran the largest Ponzi scheme in history, defrauding investors of approximately $65 billion by promising high returns while using new investors' funds to pay off earlier ones. His scheme was exposed in 2008, leading to his conviction and a 150-year prison sentence. The Madoff scandal highlighted significant compliance failures and the need for stronger regulations in the financial industry.

Wikipedia+3

 

[mark francis]

Social Security, the US dollar and wall street are NOT Ponzi schemes. Neither is crypto. That does not mean that crypto is a wise investment. The value of crypto is normally based on the amount of energy generated in the crypto mining process.

You do not know diddly-squat about economics, crypto, Social Security, or Wall Street.

Why Social Security is a Ponzi Scheme

Want a recipe for ruckus? Merely suggest that Social Security might be a "Ponzi scheme".

www.forbes.com

 

[Gabriel_Bell]

Bernie Madoff was not typical of Wall Street. And there were a number of good reasons to avoid investing with him. First, he refused to reveal what he was invested in. He would consistently report gains of 12-15% every quarter, which never occurs on any combination of possible investments. And all you got from him were quarterly reports printed on a dot matrix printer (the kind that screech when printing). Madoff was indeed running a Ponzi scheme, but these are very rare on Wall Street.

 

[mark francis]

Bernie Madoff was not typical of Wall Street. And there were a number of good reasons to avoid investing with him. First, he refused to reveal what he was invested in. He would consistently report gains of 12-15% every quarter, which never occurs on any combination of possible investments. And all you got from him were quarterly reports printed on a dot matrix printer (the kind that screech when printing). Madoff was indeed running a Ponzi scheme, but these are very rare on Wall Street.

The Wall Street market is often described as a type of Ponzi scheme, as it involves the payment of purported returns to existing investors from funds contributed by new investors. This creates a cycle where new investors are promised returns, leading to speculation and potential losses for those who do not understand the inherent risks involved. Additionally, some argue that Wall Street exhibits gambling-like behaviors among traders, particularly during speculative price movements, which further supports the notion of a Ponzi scheme in the financial market.

Truthdig+1

 

[Gabriel_Bell]

People who engage in day trading are clearly gambling and are aware that that is what they are doing.
People who are trading on the margins, using borrowed money are also gambling, and know well what they are doing.
Bernie Madoff was clearly in violation of the law, and was arrested, tried and imprisoned for his crime.

But over the years, buying and holding mutual funds, stocks, and ETFs averages about 11% annually.
Everyone is told that it is possible to incur losses. I fail to see why this should be illegal.

I think that members of Congress, their aides and other government appointees should be barred from investing at all, because of insider trading.