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Wednesday, December 13, 2017

Often at the biggest speculative peaks people latch on to something to go crazy about. This time its cryptocoins.

https://www.cnbc.com/2017/12/11/people-are-taking-out-mortgages-to-buy-bitcoin-says-joseph-borg.html

Bitcoin is in the “mania” phase, with some people even borrowing money to get in on the action, securities regulator Joseph Borg told CNBC on Monday.
“We’ve seen mortgages being taken out to buy bitcoin. … People do credit cards, equity lines,” said Borg, president of the North American Securities Administrators Association, a voluntary organization devoted to investor protection. Borg is also director of the Alabama Securities Commission.
“This is not something a guy who’s making $100,000 a year, who’s got a mortgage and two kids in college ought to be invested in.”

 Crock of BS the average shill has no clue about Bitcoin, But the Government propagandist using the media outlets are making it seem like its all the rage, when the fact of the matter is its not true.

Reminds me of the Government  cash for gold scheme years back.

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