Hello and welcome America. Are you in despair? Do you hate your country? You would think so,

looking at some of the editorials yesterday. My goodness. It is Eric Erickson here. The phone number is

877-9777-7-425, should you wish to be on this year program. Now, I was going to, in all candor and

honesty, pull back the curtain here. I was going to talk out of the gate about the shooter

in Illinois. But there's a story that has hit the wires. Well, it's hit Twitter, I should say.

It's hitting the wires right now.

And I actually think this is a more important story just as headlines go.

And I think I got an obligation to go with where the big stories are that maybe nobody else is talking about.

And I don't know that anybody's talking about this, but this is the biggest story of the day.

And we will get to the shooter at the bottom of the shower, but I need to start here.

This is from the website Debthammer.

About 21% of crypto investors said they've used a loan to pay for their cryptocurrency investments.

Personal loans were most popular, but payday loans, title loans, mortgage refinances,

home equity loans, and leftover student loan funds have been utilized.

Almost 19% of respondents said they've struggled to pay at least one bill due to the amount of money they've invested in cryptocurrency.

And about 15% said they're worried about eviction, foreclosure, or car repossession due to their investing.

Extreme losses, almost 5% of investors, say they've lost $100,000 or more, while fewer than 1% said they've made the same amount.

A considerable portion of the people who borrowed money to put into cryptocurrency did so either because

cryptocurrency prices fell sharply or prices are historically low.

Now, why is this a big issue? Now, keep in mind, by the summer

of 1929, approximately 300 million shares of stock had been purchased on margin. That was right

before the Great Depression. A lot of people are about to be wiped out for a variety of reasons.

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