Great commentary on how things are. The unwinding is going to be dramatic and nasty. How will politicians react to the situation? Will they experience force majeure?
"I am amazed that advisor Guild and indeed AQSE Regulation continue to tolerate this nonsense.."One can only assume that they do not apply the same dilligence to checking accounts as you do!
There's an obvious middle ground, because for many companies on AIM it is their modus operandi.Most of the contracts/partnerships they announce amount to very little. They have some sales, but corporate overheads dwarf those sums. The gap is filled by placings, which they get away by sucking in more punters with more contracts promising jam tomorrow. Long term investors get diluted. If they wake up in time they might get out without losing it all.FOX/ECOB is just doesn't. I've been long in the past, but never again. Pure dogshit.
How many individuals would have been dragged into fraudulent bonds, whisky, diamonds, cannabis plays etc etc if real interest rates had been 6% on savings?When you are lucky to get 1%, 10% sounds like a dream at 6% most might not take the risk.If financing costs had been 6% or higher would Arry and many others got away with massive cash bonuses. Would every cost on every balance sheet be inspected.1st class travel when a company is loss making.A return of 6% from bonds feels like it could crack the market at anytime. In October? or not for years. This article makes you think. Perhaps I will sell my 10 spacex.
A structure that creates a 7 figure liability with no enforceable underlying funds flow? Well played!A tax partner somewhere (and his PII underwriter) shitting bricks.
