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The great crypto collapse

The David McWilliams Podcast

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Do You Want to Be Canada or Do You Wanna Be Lebanon?

Fraud is parasitical. So you would expect to see more fraud where there's more real economic activity to parasitize. That's why you have crypto happening in an overall stock exchange boom. You wouldn't get this if interest rates were five or six percent and people could earn five percent by putting money in the bank. It's all to do with this idea that not all to do, but it's the logical financial conclusion of a policy of zero percent interest rates over a long period of time.

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