Senator John Kennedy: Banks are just … sophisticated ponzi schemes…. Mohamed El-Elrian: We’re making the big banks bigger… We have increased moral hazard.

Senator John Kennedy: "Banks are just … sophisticated ponzi schemes. pic.twitter.com/tBaOIBOsbi — unusual_whales (@unusual_whales) May 6, 2023 "We're making the big banks bigger," says Mohamed El-Elrian on $JPM buying $FRC. "We're changing the conventional wisdom about what is a safe …

READ MORE

More than one in three Britons think cryptocurrencies are a Ponzi scheme – despite backing from some of Hollywood’s biggest names

by Boo_Randy It’s official: two thirds of Britons are mentally retarded. https://www.dailymail.co.uk/news/article-10974319/More-one-three-Britons-think-cryptocurrencies-Ponzi-scheme.html More people think cryptocurrencies are a Ponzi scheme despite the backing of Hollywood stars like Matt Damon and Kim Kardashian, according to a poll. Tally Money found that in 2,000 …

READ MORE

The Entire System is a Ponzi

by Chris Black All of it. If the crypto exchanges actually had the assets to back up the supposed crypto they hold, they wouldn’t need to freeze withdrawals. In fact they should be in an extremely strong position, if they …

READ MORE

The Whole Economy is a Giant Ponzi Scheme

by Chris Black The economy was so bad in 2008 that monetary stimulus never seen before in history was required to rescue the stock market, causing the biggest stock rally in history, giving us multiple companies with valuations above $2 …

READ MORE

The Celsius Defi Ponzi scheme appears to be collapsing in a bank run. (Bad for butters, but also Canada’s second largest pension fund invested millions into it last year. )

by DontMicrowaveCats Celsius is yet another Defi ponzi scheme lending program. Put in your stablecoins, get a high return indefinitely like a perpetual money machine. They offer up to 18% returns on tokens. https://celsius.network/earn Sometime around the Terra/Luna collapse a wave …

READ MORE

The massive Anchor DeFi ponzi is rapidly plunging deeper into a death spiral. Deposits skyrocket while Borrows wane. They can’t reduce their 20% ponzi yield without triggering a mass exodus.

by DontMicrowaveCats TL;DR- Anchor Protocol is one of the biggest Ponzi schemes in DeFi. They promise people who deposit UST stablecoin to their platform an eternal 20% yield. The only way they can pay this yield is through borrower interest …

READ MORE