This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/business/521094-nft-industry-obviously-fraud/
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Keiser Report looks at NFTs, a multi-billion-dollar industry which is ‘OBVIOUSLY A FRAUD’ | Keiser Report looks at NFTs, a multi-billion-dollar industry which is ‘OBVIOUSLY A FRAUD’ |
| (5 months later) | |
| Max Keiser and Stacy Herbert look at the easy sell of Ponzi economics as the human imagination prefers the fantasy of impossible gains to the hard slog of actually producing or manufacturing profits. | Max Keiser and Stacy Herbert look at the easy sell of Ponzi economics as the human imagination prefers the fantasy of impossible gains to the hard slog of actually producing or manufacturing profits. |
| “In the case of bond market, there’s no bonds, that’s what negative interest rate is,” Max says, adding, “Now we’ve got a multi-billion-dollar NFT market, non-fungible token market, and the so-called art market, where there is no art.” | “In the case of bond market, there’s no bonds, that’s what negative interest rate is,” Max says, adding, “Now we’ve got a multi-billion-dollar NFT market, non-fungible token market, and the so-called art market, where there is no art.” |
| He goes on: “There is no original art, there’s only copies, which can be copied infinitely with absolute fidelity. There’s only copies of the art, but now it’s a multi-billion-dollar industry, obviously a Ponzi scheme, obviously a fraud.” | He goes on: “There is no original art, there’s only copies, which can be copied infinitely with absolute fidelity. There’s only copies of the art, but now it’s a multi-billion-dollar industry, obviously a Ponzi scheme, obviously a fraud.” |
| According to Max, “It is sold as if it’s something in a can – they just need to add what it is, what it says it is.” | According to Max, “It is sold as if it’s something in a can – they just need to add what it is, what it says it is.” |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
| Dear readers and commenters, | |
| We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system. | |
| Sorry for the inconvenience, and looking forward to your future comments, | |
| RT Team. |