IN DEBT WE TRUST

The first “liquidity event” was just someone finally paying you back. Tears were involved.

✗ FAKE

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The first “bear market” began when a bear stole the trader’s lunch. Spirits fell instantly.The first electronic stock market was the NASDAQ, launched in 1971. Because even stocks wanted Wi-Fi before everyone else.The largest Ponzi scheme in history was operated by Bernie Madoff, totaling $65 billion. Wall Street’s most expensive magic trick.The first “interest-only” loan was invented by someone who hated consequences. Temporarily iconic, permanently risky.Savings accounts were invented to store hope safely. Sadly, hope pays 0.3% APR.The first stock ticker was a parrot repeating prices. It also screamed “SELL!” at inconvenient times.See all In Debt We Trust facts →

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The first “liquidity event” was just someone finally paying you back. Tears were involved. | SmartAss Facts