Re: FTX. It also should not go unmentioned that the “whiz kid” was (1) deeply connected to the Democratic cabal via his parents and his ‘girlfriend’ (2) laundering money (US taxpayer money and donation, you know, for the cause) on behalf of the Ukrainian Oligarchs and (3) lavishing that laundered money on Democrat (and apparently at least one Republican-Cocaine Mitch no surprise there) to the tune of 10s of millions of dollars. Time will likely find that it was hundreds of millions, if I had to bet.
So. Regular investors in FTX had their money stolen, laundered in Ukraine, and then returned to the US help the UniParty retain their power. Essentially investing in their own demise. Nice.
It should also not go unnoticed that the implosion of FTX happened on Election Day. SBFs job was done. FTX was no longer needed. SBF was no longer useful. The elections that mattered were stolen. Zelensky was mumbling about peace talks. And the criminals were finished stealing whatever remained on their balance sheet.
I have seen many commentators who pretend like they know about these matters who liken this to a simple “bank run”. ROFL. They need to stop. They are purposefully clueless.
This is a classic case of the Hegelian Dialectic. Or Cloward-Piven. Or most likely, a well conceived and executed combination of both.
Where is SBF? Most likely lounging in a CIA safe house halfway around the world. Well supplied with uppers, downers, and all the binary sex partners he wants.
What I really want to know is how much Giselle Bundchen lost. If I find out I’ll let you know.
Regarding FTX/SBF - Marc Cohodes was well ahead of the curve on this crook saying months ago FTX was a rotten Ponzi scheme. Go Google him for some real insights to what was going on leading up to this collapse.
Wikipedia says Madoff had defrauded his clients of almost $65 billion in the largest Ponzi scheme in history.... SBF wiped himself out ($28b in “value”), and one must wonder how much more.
According to capital.com: “There was a rumour circulating that the former CEO of FTX had fled to Argentina after the cryptocurrency derivatives exchange filed for bankruptcy.”
From Shellenberger: “Sam Bankman-Fried, the founder of FTX, which was, until last week, the world’s second largest cryptocurrency exchange, is today facing prison time for allegedly defrauding his customers of billions of dollars. Bankman-Fried, 30, donated to many progressive causes allied with the “effective altruism movement,” including pandemic prevention and response. He spoke at, and presumably donated to, the World Economic Forum’s Davos conference last May and the Clinton Foundation’s Clinton Global Initiative in September. Bankman-Fried is similar to Bernie Madoff in that both men used philanthropic giving, and the veneer of humility, to create a positive reputation while running pyramid schemes that should have set off red flags among investors, regulators, and journalists.
In truth, the Bankman-Fried scandal shows that all do-gooder capitalism should set off red flags. “
Your right about a fool and his money are soon parted. There are dishonest people in the highest places. witness Trump University. fortunately there were regulations in place that protected the average consumer. FTX had, in some cases, the life savings of people who did not understand what they were speculating in and neither did the big players. I'm just saying that there are a wide assortment of grifters out there waiting to feed on greed. That;s the part of capitalism that we don't want to contemplate..
Bill .. what happened to your companies investment in Crypto ..? I suspect that like most humans we are all motivated by our perception rather than our intrinsic sensation .. once perceptions gain momentum the masses follow the fantasy regardless of what sensations tell us, whether it's tulips or some other really compelling mass momentum movement they invariably end in delusion ..
Re: FTX. It also should not go unmentioned that the “whiz kid” was (1) deeply connected to the Democratic cabal via his parents and his ‘girlfriend’ (2) laundering money (US taxpayer money and donation, you know, for the cause) on behalf of the Ukrainian Oligarchs and (3) lavishing that laundered money on Democrat (and apparently at least one Republican-Cocaine Mitch no surprise there) to the tune of 10s of millions of dollars. Time will likely find that it was hundreds of millions, if I had to bet.
So. Regular investors in FTX had their money stolen, laundered in Ukraine, and then returned to the US help the UniParty retain their power. Essentially investing in their own demise. Nice.
It should also not go unnoticed that the implosion of FTX happened on Election Day. SBFs job was done. FTX was no longer needed. SBF was no longer useful. The elections that mattered were stolen. Zelensky was mumbling about peace talks. And the criminals were finished stealing whatever remained on their balance sheet.
I have seen many commentators who pretend like they know about these matters who liken this to a simple “bank run”. ROFL. They need to stop. They are purposefully clueless.
This is a classic case of the Hegelian Dialectic. Or Cloward-Piven. Or most likely, a well conceived and executed combination of both.
Where is SBF? Most likely lounging in a CIA safe house halfway around the world. Well supplied with uppers, downers, and all the binary sex partners he wants.
What I really want to know is how much Giselle Bundchen lost. If I find out I’ll let you know.
Regarding FTX/SBF - Marc Cohodes was well ahead of the curve on this crook saying months ago FTX was a rotten Ponzi scheme. Go Google him for some real insights to what was going on leading up to this collapse.
My gosh, we all think alike! Loic and MoodyP, looks like the start of a beautiful friendship. Heard that in a movie once. Just sayin'
Don Harrell
PS If you can't hold it in your hand, it ain't real.
It’s the list of investors who are the real culprit and frauds.
Wikipedia says Madoff had defrauded his clients of almost $65 billion in the largest Ponzi scheme in history.... SBF wiped himself out ($28b in “value”), and one must wonder how much more.
According to capital.com: “There was a rumour circulating that the former CEO of FTX had fled to Argentina after the cryptocurrency derivatives exchange filed for bankruptcy.”
SBF’s father was drafting TAX Legislation for FAUX-cohontas Elizabeth Warren… What More Do You Need to KNOW?!?
From Shellenberger: “Sam Bankman-Fried, the founder of FTX, which was, until last week, the world’s second largest cryptocurrency exchange, is today facing prison time for allegedly defrauding his customers of billions of dollars. Bankman-Fried, 30, donated to many progressive causes allied with the “effective altruism movement,” including pandemic prevention and response. He spoke at, and presumably donated to, the World Economic Forum’s Davos conference last May and the Clinton Foundation’s Clinton Global Initiative in September. Bankman-Fried is similar to Bernie Madoff in that both men used philanthropic giving, and the veneer of humility, to create a positive reputation while running pyramid schemes that should have set off red flags among investors, regulators, and journalists.
In truth, the Bankman-Fried scandal shows that all do-gooder capitalism should set off red flags. “
https://substack.com/profile/2255433-michael-shellenberger
Your right about a fool and his money are soon parted. There are dishonest people in the highest places. witness Trump University. fortunately there were regulations in place that protected the average consumer. FTX had, in some cases, the life savings of people who did not understand what they were speculating in and neither did the big players. I'm just saying that there are a wide assortment of grifters out there waiting to feed on greed. That;s the part of capitalism that we don't want to contemplate..
Bill .. what happened to your companies investment in Crypto ..? I suspect that like most humans we are all motivated by our perception rather than our intrinsic sensation .. once perceptions gain momentum the masses follow the fantasy regardless of what sensations tell us, whether it's tulips or some other really compelling mass momentum movement they invariably end in delusion ..