Can Oil Firms Win Over News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Authored by Charles Hugh Smith via OfTwoMinds blog,
But weirdly, and irrationally, bubbles pop anyway.
At long last, the moment you ve been hoping for has arrived: you re pitching your screenplay to a producer. Your agent is cautious but you re confident nobody else has concocted a story as outlandish as yours. Your agent gives you the nod and you re off and running:
Writer: Two guys start a cryptocurrency as a joke to parody the crypto craze, and they name it KittyCoin. It goes nowhere but then the greatest speculative bubble of all time takes off, it s the dot-com and housing bubble times 100 but in everything, and within a couple months the entire economy is dependent on this bubble, and the bubble is dependent on KittyCoin, which has shot up 15,000 percent in a few weeks. A celebrity CEO who s been promoting KittyCoin is invited to host a failing TV variety show, and now the whole economy depends on KittyCoin soaring even higher. ....

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