Dumb money could only reach these
epic proportions
with massive government intervention.
And it’s the root cause of every financial crisis.
And #bitcoin will defund it.https://twitter.com/NickSzabo4/status/1153471576374829058 …
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They are carefully domesticated lambs to the slaughter. They are supposed to only be slaughtered by government approved investments. But with crypto currencies subverting accreditatee investors laws the wolves that didn’t orchestrate this rushed in too.
Or government-enforced investments, such as raiding pension funds by requiring them to invest in bonds "earning" negative interest.
![Patrick [🎃Freedom Is Scary👻]](https://pbs.twimg.com/profile_images/1130215591422365696/lL1pBmo0_normal.jpg)
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Or government-enforced minimum rating requirements of government-regulated rating agencies for mortgage backed securities.
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