Causing the Great Unwind | iHeart Media

Crypto Currency exchanges have been in turmoil. CoinFlex is the latest exchange to have issues. They have paused withdraws which means you can't get your money off the platform. The CEO says withdraws will probably not restart. So in turn to fix their 47 million dollar hole, they are issuing a new token called Recovery Value USD that promises a 20% interest rate.

Does this sound like a problem to you? Does this sound familiar to Terra Luna and other Stable Coins? The Age of Personal Responsibility is snapping back hard.

In this Clip from iHeart Media I discuss this and much more.

🔴(BEWARE OF SCAMMERS)🔴
They are impersonating me in the comments. My comments have a "checkmark" so look for that. Please beware, I will never message you asking you to give me money or to talk to me on WhatsApp. This is my only YouTube channel, and my social media platforms can be found below. 👇

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★☆★ CONNECT WITH MARK ON SOCIAL MEDIA ★☆★

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[Musicismylove]

Its not only the age of personal responsibility but the age of common sense too. Thank you Mark.

[AdrianCFrancis]

You are spot on Mark. If someone invests in that scam they need to be committed

[artcoin]

Proverbs 26:11 As a dog returns to its vomit, so fools repeat their folly.

[roysmith]

“If you don’t hold it you don’t own it” I’ve heard this quote a lot lately

[bjd]

I had to turn it off because I'm with you these people are lost...

[xspence]

Man I feel bad for all these folks who lost money on all these insolvencies. I got rekt on the dao’s last November so I get it but we have to be accountable for our losses just as much as we take responsibility for our wins. It sucks but this is the way and it is our faults.

[CabinOnTheWater]

Borrowing money without any intention of paying it back is criminal. It's called stealing.

[jimjohngirard]

The Age of Personal Responsibility is snapping back and there are no safe rooms. The most irresponsible have been those at the Fed and in the U.S. do we deal with them?....they're the problem.

[xOrganix]

100% on point not your keys not your crypto!! Simple

[spectrumsaddiction]

no way of taking it back. they deserve it. you said it.

[thefarmersdaughter]

It is sad they compared a blip of electricity to a real commodity like gold.

[darkpoetry]

"you get what you pay for and you will certainly pay for what you get..." original Dan quote

[gmb]

The 1st thing I was taught on my first day working at the Bank of Boston 50 years ago was "don't let the money out the door until you KNOW how its going to be come back in!" True then... true now.

[mikeporten]

I do remember Mark telling people how to “retire on bitcoin” by taking loans against it on these platforms.

[harrywhite]

Harsh is ok with me. We need for these things to be public and brutal so people learn what not to do.

[onecarwood]

Responsibility for yourself is a lost art. Reminiscent of the whole bittconnect thing.

[ninjashhh]

It is 100% criminal and they don't get money from people like you and I. They get it from people who just have NO CLUE what they're doing with their money and NO CLUE about all the going on all around them all the time and just know they need to invest it and haven't learned basic things to consider before giving their money up.

I made some IDIOTIC mistakes with my money 10-20 years ago. I still make mistakes but don't make mistakes as stupid as the ones I used to bc I've learned from mistakes. Some learn some don't.

[MorgothCreator]

So they want to externalise the risk LOL, they know that is a scam but they will do it anyway.

[barrycrump]

Certain CEOs are behaving like scammers - shame on them.
This is the very reason why the SEC needs to step in to put in place a degree of fair regulation in order to prevent this sort of thing and to curtail wash trading and excessively leveraged positions.

[ColectiveConsciousness]

Brilliant content, thanks for sharing 💚🌍
I see you distressed by this Mark.
You have done what you can by warning.
Keep mentioning it in upcoming videos for those that don't see this video.