Greensill, a good business idea executed incorrectly - a fraudster?

Every generation needs a revolution - an entrepreneurial revolution

Started as a discounting of receivable business model   The notes were packaged as securities

But some of these invoices do not exist  

Do you rest your confidence in crypto?

Every generation needs a revolution - an entrepreneurial revolution

I am more of a conservative type  I do not We invest in stuff that can grow and are scalable.   We invest in stocks because they can increase in value:   revenues and profitability and have functional values for society as food medicine and shelter.   

But crypto which is supposed to be limited in number ony 20 m, does not fulfill any of that     It can not be a means of paying on line;   (G cash is more practical)   

Hence we see FTX a company of young kids, engaged in a different kind of relationship, based in Bahamas being able to dupe countless companies of their billions

Hence collapse of FTX and other bankruptcies that are crypto related do not come as surprise.   A fellow prof tried to convince me to invest in China crypto.   Buffet is against crypto, central banks are against crypto   

Are you in favor of crypto?

Credit Suisse Bank crisis - how it is going to affect the world finances.

Every generation needs a revolution - an entrepreneurial revolution

A venerable Swiss bank is facing trouble   Possible collapse -  big loss and possible illiquidity

The video explains the challenge