The Gilded Age 2.0 ...More Opportunity and More Grift

Before I get started…what is up with this Hunter Biden putz.

Somehow this clip ended up in my stream and I watched it because I did not believe Hunter would truly get into the difference between crack and cocaine.

He did.

If you substitute ‘crack’ with crypto/stablecoins and ‘cocaine’ with stocks you might have a better understanding of where this ‘degenerate economy’ is headed.

Onward…

Ellen and I love watching HBO’s ‘The Gilded Age’. It is the American version of Downton Abbey.

Nothing ever happens but over time everything happens.

They are not shows about technology but since we know how life is today, everything is about technology.

I am very lucky to have been born a Jew in Toronto in 1965. I doubt my life would be so good if my teens had been spent in The Gilded Age era or the English countryside in The Downton era.

As I type this for tens of thousands of readers to receive in seconds after trading a few silly memes, goofing on Trump and Biden, about to hop on the Peloton to catch up on a podcast before Door Dashing dinner so I can catch up on email before Tour De France bedtime highlights on YouTube TV, life is pretty damn good in this new Gilded Age 2.0 degenerate economy.

Yesterday, the degenerate economy got some exciting news…daytrading is cool and fun again and my dog Lindzee is now accredited. My partner Matt outlines the changes proposed for accreditation. The gist…

If you have to ask who wins and who loses…you are or might soon be the loser.

Good news is you can play and learn the old fashioned way.

I believe in ‘buyer beware’ because I have been the unaware buyer many times, dusted myself off and recovered.

I also believe there are enough rules to protect investors, we just do not enforce them.

We have gone from the lamest duck SEC in history to the loosest in just six months so Ixpect enforcement to get worse as grift explodes.

The insiders have their positions and now the rest of the world is welcome to buy from them and/or chase the new supply that is excitedly being prepared.

These new rules (or lack thereof) are ‘Viagra for Grifters’ and fuel for the degenerate arms dealers.