Quoth the Raven #299 - Our Bullshit Economy: FTX Implodes Edition
Quoth the Raven
Quoth the Raven
4.5 • 979 Ratings
🗓️ 10 November 2022
⏱️ 47 minutes
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| 0:00.0 | All right, welcome to another episode of our bullshit economy on the road edition. |
| 0:06.4 | It was either not say anything at all or try to put something together while I'm on the road here, |
| 0:11.3 | so you'll have to excuse the poor podcast quality, the audio quality. |
| 0:16.5 | But I had to offer up my thoughts here and get some catharsis without the inconvenience of paying a therapist bill. |
| 0:25.2 | And unfortunately, you guys are on the receiving end of that. |
| 0:27.7 | So this would be a great time to remind you that my podcast is brought to you by my patrons. |
| 0:32.8 | Patrons are people that sign up and donate a monthly recurring sum to help support the podcast. |
| 0:37.3 | I will shout |
| 0:37.8 | out a couple of my patrons right now. Then I want to get on right away talking about the crisis |
| 0:42.7 | in crypto that who could have seen it coming, folks? Who could have seen it coming? How about Sam |
| 0:48.8 | Bankman-Fried basically admitting this summer that yield farming is a giant Ponzi scheme but i digress i digress this podcast is |
| 0:58.1 | brought to you by my friends over at masterworks i love people at masterworks you can check out |
| 1:03.5 | their link it is in my podcast description you can skip their wait list by using promo code qtr |
| 1:10.5 | masterworks is a great way for normal everyday investors skip their wait list by using promo code QTR. |
| 1:16.8 | Masterworks is a great way for normal everyday investors to invest in the art market, |
| 1:21.2 | which is usually very difficult for people to invest in if you don't have a large sum of money. |
| 1:22.0 | So Masterworks makes that investable to the everyday investor. |
| 1:26.2 | Art has been great since the market has been crashing. |
| 1:29.2 | I've seen art that I've been invested in be up double digit percentages while the S&P and the |
| 1:34.9 | NASDAQ are down. You know, the art markets have traditionally been known to be a good |
| 1:40.6 | inflation hedge. And where else are you going to get access to being able to invest in |
| 1:45.9 | something like a mona or a banksy you know these multi-million dollar paintings obviously you're |
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