Tulipmania, The Latest Edition

SEC Issues Proposal on Crowdfunding

“If this goes wrong … there will be no survivors.”

So, here we go. We’ve found the latest thing to inflate after real estate, the dotcom bubble, real estate, the tech bubble, Bitcoin, and real estate.

What this means is the creation of new markets and new middlemen. People will want to unload their crowdfunded equity shares — and where do you go to do that when you need the cash (there’s always an emergency)?

There’s no such market. Yet. But it will be created.

Markets, plural, will be created.

And the amount of graft will be absolutely epic.

If you’ve never looked into stock graft, go buy borrow from a public library The Wolf of Wall Street. I hate the idea of putting more money into that bastard’s pocket, so, really, don’t buy it. Ahem.

If you read all of it, you’ll actually be ahead of me. That book so thoroughly disgusted me that I couldn’t even get to its happy ending — with all of the crooks going to jail.

There will be many, many more crooks now.

1 Comment

Filed under Collapse, Pottersville

One response to “Tulipmania, The Latest Edition

  1. If by chance you are stupid enough to buy into this you deserve to loose every cent. This is crazy. But some how I’m not surprised. Remember there’s a sucker born every minute.

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