Do not blame Warsh. Just blame greed.
1. Open Trade
You swagger in like a big shot: “I’ll borrow money and double my gains!”
Reality: you’ve just borrowed trouble.
2. Market Moves Against You
The market: “Surprise! We’re going the other way.”
Your account: starts sweating profusely.
3. Margin Call
Broker: “Hey buddy, you got any spare cash? Asking for a friend… me.”
You: frantically checking couch cushions for coins.
4. Grace Period (tiny, if any)
Broker gives you about as much time as a waiter hovering with the bill.
Blink, and it’s gone.
5. Forced Liquidation
Broker: “Since you didn’t pay up, I sold your stuff. You’re welcome.”
You: “Wait, I liked that stuff!”
6. Residual Debt
Sometimes liquidation doesn’t even cover the loan.
Broker: “So… you still owe me. Don’t hate the player, hate the leverage.”
7. Account Restrictions
Broker slaps your hand: “No more toys until you refill the piggy bank.”
You: grounded like a teenager who crashed the family car.
Warsh Ends "Dollar Devaluation Trade"? Crypto Market Plummets Further Over Weekend, Bitcoin Breaks Below $80,000
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