How To Make Money: The Federal Reserve, Wirecard Fraud and Robinhood Suicide || ETV 014

Jul 15, 2020 at 09:27

This video is on how to make money (and not make money). With three examples from $730,000 to $2 billion to $3 trillion.

When money can magically materialize, the consequences can be extreme. Alexander committed suicide at a railroad crossing after thinking he’d lost $730,000 while learning to trade options on the RobinHood market trading app. Wirecard CEO Markus Braun magically created $2 billion in cash on the Wirecard balance sheet that was meant to be in a number of banks in the Philippines, but when auditors checked, it wasn’t there and apparently never existed.

Bloomberg has reported that the US Federal Reserve has seen its balance sheet explode from $4 trillion in March to $7 trillion now and an expected $10 trillion within the year. All three cases are about making money with a few keystrokes. This video is about what it means, and what you can do about it.

You can also watch the video here: