Talk about never learning one's lesson... Here's a bunch of pictures and pretty graphs to make it more pleasant to the over-real estate exposed eye in Brooklyn, Miami, DC...
Now that IBM, Goldman Sachs, Bank of America, JP Morgan and the NYSE all agree blockchain technology will dramatically transform finance and capital markets, how does the investor capitalize on the paradigm shift? First, by understanding the concept of "Pathogenic Finance", autonomy and Zero Trust.
Year end 2015, we go from Ponzi scheme to failure to the thing every major global bank desires. The dilemma is, the ingenuity to excel in this space lies in scrappy young startups, not trillion dollar mega banks. Let me prove this to you, step by prior art step.
Is having the CEOs of two of the largest, most powerful banks sit on the board of their own regulator literally worse than putting a fox in charge of the hen house? Here's why the name "Morgan" get's you a regulator board seat and what regular people can do about it.
How many banks (and other companies) are doing the Enron thing? Many more than you would be led to believe, for now it's legal. Simple proof that this will end even prettier than Enron.
Hundreds of billions of EUR of useless QE, dwindling mega banks, and cross continental legislation authorizing the confiscation of Depositor's Capital... Yeah, all is well in Euroland!
In this symposium I literally challenge the audience (of mostly bankers) to tell me what use would the world have for banks in a Blockchain connected world. The response?...............
I break down the definition of money at the Blockchain New York conference alongside the founder of Credits, executives from Ethereum and Consenys, Judd Bagley from Overstock.com's digital securities project.
This is a damn shame. You can't be upset if your banker calls you a muppet if you hand him the marrionette strings... The tools to cut the strings are just around the corner. Let's see if regulators do the right thing, or if will they stilfe innovation to protect status quo.
I'm guaranteed to hear, "But... Who could've seen this coming?" Or "We knew prices were frothy, but no on could've foreseen the effect it had on XYZ asset classes". Yeah, right! This should mark my 3rd accurate bubble pop call in 8 years.
After forensically analyzing Morgan Stanley's balance sheet (which is very much like the rest of Wall Street's balance sheet) I can draw direct parallels to that of Lehman and Bear Stearns in 2007. It's a party!
