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andmaybegayer:

andmaybegayer:

oh fuck I thought the intro to today’s Money Stuff was going to be a metaphor for some crypto bullshit but no an actual metals futures market was backed by actual bags of rocks.

JPMorgan Chase thought it had $1.3 million of nickel, but they were all bags of stones. It's happened before.
Swiss trader Mercuria Energy received spray-painted rocks instead of $36 million worth of copper it had ordered.
Business Insider

Ea Nasir Bullshit

Reblogged 2 months ago from marxistprincess (Originally from andmaybegayer)
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  22. andmaybegayer posted this
    oh fuck I thought the intro to today's Money Stuff was going to be a metaphor for some crypto bullshit but no an actual...