#Giveaway  on last slide

Black Swan Author Says Bitcoin Is Like Tumors 

Scribbled Arrow

TRENDING GLOBALLY

Years of US interest rates at zero have caused damage to the largest economy in the world

Swipe to next

STORY BY:  TheInsaneApp.com

Arrow

And created speculative bubbles like bitcoin, Nassim Nicholas Taleb, author of "The Black Swan," said.

Swipe to next

STORY BY:  TheInsaneApp.com

Arrow

"We've had 14 and a half years of Disneyland, which has destroyed our economic structure. It's amazing; think about it. Taleb said, "No interest rates."

Swipe to next

STORY BY:  TheInsaneApp.com

Arrow

You are harming the economy by having zero interest rates for long periods.

Swipe to next

STORY BY:  TheInsaneApp.com

Arrow

You are creating bubbles, creating tumors such as bitcoin, and creating hedge funds which should not exist but have existed for almost fifteen years," 

Swipe to next

STORY BY:  TheInsaneApp.com

Arrow

Stated the ex-options trader, whose New York Times bestseller is about understanding extreme and unpredictable situations.

Swipe to next

STORY BY:  TheInsaneApp.com

Arrow

Taleb was critical of bitcoin in the past, referring to it as a "contagious illness" and calling it an "obsolete result of low-interest rates." 

Swipe to next

STORY BY:  TheInsaneApp.com

Arrow

Between 2008 and 2015, the Fed maintained the fed funds target interest rate at 0% to 0.255%. 

Swipe to next

STORY BY:  TheInsaneApp.com

Arrow

This was in addition to the ultra-low rates that were implemented during the global financial crisis.

Swipe to next

STORY BY:  TheInsaneApp.com

Arrow

In response to the COVID-19 crisis, the Fed reduced rates to almost zero in March 2020.

Swipe to next

STORY BY:  TheInsaneApp.com

Arrow

#GIVEAWAY BY INSANE

Do you know that we give away around $500 USd in cash prizes every week?

Let’s grow together!