Nouriel Roubini says the cryptocurrency ecosystem is 'totally corrupt'

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Cryptocurrencies Nouriel Roubini says the cryptocurrency ecosystem is 'totally corrupt'

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Me calling for @cz_binance to be kicked out of the UAE while I was live on stage today at the ADGM Crypto day. That shady character was speaking right before me together with Lunatic @novogratz both of them vomiting their crappy bullshit about collapsing shitcoins. Rats & Roaches https://t.co/Hqo6YVViNN

"When the recession comes, it will not be short and shallow but long and severe. Not only are we facing persistent short- and medium-term negative supply shocks, but we are also heading into the mother of all debt crises, owing to soaring private and public debt ratios over the last few decades," Roubini wrote in a recent commentary for Project Syndicate.

Along with a looming global economic crisis, Roubini also said that the world faces more geopolitical instability and the potential for more international conflicts and environmental threats due to climate change.

 

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