patrick.net

https://brownstone.org/articles/covid-crypto-connection-ftx-and-sbf/

Aseries of revealing texts and tweets by Sam Bankman-Fried, the disgraced CEO of FTX, the once high-flying but now belly-up crypto exchange, had the following to say about his image as a do-gooder: it is a “dumb game we woke westerners play where we say all the right shibboleths and so everyone likes us.”

Very interesting. He had the whole game going: a vegan worried about climate change, supports every manner of justice (racial, social, environmental) except that which is coming for him, and shells out millions to worthy charities associated with the left. He also bought plenty of access and protection in D.C., enough to make his shady company the toast of the town.

As part of the mix, there is this thing called pandemic planning. We should know what that is by now: it means you can’t be in charge of your life because there are bad viruses out there. As bizarre as it seems, and for reasons that are still not entirely clear, favoring lockdowns, masks, and vaccine passports became part of the woke ideological stew.

Interesting commentary by Juan O Savin. To summarize, 1. Bitcoin was a DARPA project, just like Facebook. 2. John McAfee said that whenever he was contracted to create security software, the government came to him and hooliganized him to put back doors in everything for them. He did so, but also used the back doors to seed computers into the government and collect reams of information. McAfee's so called 'dead man's switch' pegs the release of this information to crypto values as they exceed certain thresholds. 3. Crypto exchanges were created by Intels specifically for the purpose of creating Ponzis related to fiat speculative increases in crypto values. 4. Crypto exchanges were built specifically for laundering money and disguising the trail of black bag operations, election fraud etc., boomarang bribes etc. etc. 5. Without fiat speculative increases to disguise the Ponzi schemes, the crypto exchanges collapse, as with FTX leaving the low tide of flipping fish and old tires and fleeced investors behind. 6. The McAfee situation puts the Intels 'between a rock and a hard place' situation where all the McAfee information will be revealed if they Ponzi the speculative value of the crypto exchanges. If they DON't Ponzi the speculative value of the crypto exchanges, the exchanges collapse like FTX with the reveal of their true nature and purpose. FTX is the first collapse but won't be the last.

I guess they didn't blow up an entire condo building in Miami where McAfee owned a condo and claimed he had backups for a reason. They are seriously afraid of whatever it was that McAfee recorded and threatens to reveal.

If you don't think that cryptos were created by baleful Intel agencies with back doors and ripcord to empty your accounts summarily, at this point, if you keep investing, than you may deserve what you get.

https://notthebee.com/article/anyone-wanna-explain-to-me-why-weirdo-bankrupt-cryptocurrency-behemoth-ftx-poured-nearly-12-million-into-this-tiny-little-bank-in-middle-of-nowhere-washington-state

EBGuy says

FTX logo being removed from Memorial Stadium at UC Berkeley...

That's pretty serious.

Democrats usually ignore corruption by other Democrats.

https://patrick.net/post/1345018/2022-05-08-selective-justice-thread?start=-1#last

https://slaynews.com/news/biden-admin-unable-account-20-billion-us-aid-sent-ukraine/

Another one bites the dust...
Crypto lender BlockFi was taken down by exposure to FTX and Alameda Research, the latter of which defaulted on $680 million of collateralized loan obligations, according to a bankruptcy filing.

https://legalinsurrection.com/2022/11/why-hasnt-crypto-scammer-and-dem-donor-sam-bankman-fried-been-arrested/

EBGuy says

Another one bites the dust...
Crypto lender BlockFi was taken down by exposure to FTX and Alameda Research, the latter of which defaulted on $680 million of collateralized loan obligations, according to a bankruptcy filing.

I wonder how many more companies file bankruptcy because of bad loans to or dealings with FTX.

.

I'm waiting for the scalded cat yowling of the creditors and burned investors. What about all those celebrity and political advertising public endorsements? Bernie Madoff never had those, he strictly worked the crowd and the celebrity circuit.

https://roundingtheearth.substack.com/p/gut-of-ftx-reviews-are-in-from-zerohedge

https://freebeacon.com/democrats/sam-bankman-fried-analysis/

Sand Hill Road in Palo Alto (supposedly where all the angel capitalist/ venture capitalists nest) should be re-named "DARPA Spook Hill Road". It seems a large part of these entities' job is to find these morally bereft dynastic but politically connected kids, and decide who fits the best profile for fronting their surveillance and fraud store fronts. None of these pups had the organizational skills, raw developed money, intellectual chops (even if they were nominally smart for young people) or maturity at their ages to float these enterprises without being Intel sock puppets. As the punctured mythologies turn out, Facebook always was a billion dollar DARPA project devised for suckering people into self surveillance and handed to ZuckFuck to virtue signal its benign intentions. I guess they thought they could repeat the formula with Bankman et. alia. to keep those money laundering tasks and political bribes afloat using crypto.

"Effective Altruism", is an academy training sociopaths and psychopaths in the finer acting points of public virtue signaling, in order to keep clouds of deluded useful idiots afloat during the scams and to create a kissy face for the public. As can be seen, classic Satanic inversion.

Of course, Bankman publicly mocked the virtue signaling, just as Zuckerberg berated Facebook users as idiots and suckers.

ad says

I wonder how many more companies file bankruptcy because of bad loans to or dealings with FTX.

Enough to cause a 1929 moment?

https://www.wsj.com/livecoverage/stock-market-news-today-11-28-2022/card/ftx-spending-spree-included-offers-to-washington-advocacy-groups-2V3bmXZVna1H5IdC29Ye

Nov 28, 2022 at 3:45 pm ET
FTX Spending Spree Included Offers to Washington Advocacy Groups
By Paul Kiernan
FTX’s full-court press to influence policy makers in Washington included offers of funding for progressive advocacy groups.

In November 2021, FTX founder Sam Bankman-Fried donated $100,000 to the Center for American Progress, a liberal group founded by former Clinton administration chief of staff John Podesta, its spokeswoman said.

Paywall, but at least we see this much for free.

HeadSet says

Enough to cause a 1929 moment?

Nothing can cause that, they will just devalue the dollar and print more money.

I'm beginning to think DARPA with the fading of Facebook is going to turn increasingly to boiler room pump and dump schemes like FTX to perform targeted crimes and conspiracies, which will then be detonated.

Dynastic sock puppets (virtue signaling with the pretense of innocent geniuses, just a bit misguided), is the front for giving them immunity for their participation. Who wouldn't want an all expense paid vacation to the Bahamas for years to drug 'n fuck with abandon with shitloads of money to mess around with.

SBF of course will still wind up wealthy after this as a commission, likely in one of the non extraditable domains waiting for another puppet President to pardon him (or social amnesia). With the SEC chairman a co-conspirator and a corrupt DOJ, he doesn't seem to have a lot to worry about except from his enraged, burned investors.

Release the Kraken
Crypto exchange Kraken, the second largest in the U.S., is laying off 1,100 employees, or 30 percent of its workforce, its co-founder Jesse Powell said in a statement on Wednesday.
Citing “macroeconomic and geopolitical factors have weighed on financial markets,” Powell said the company’s downsizing is a correction of growth from the prior year, when cryptocurrency prices soared and prospects for the industry appeared much brighter than today.

https://nymag.com/intelligencer/2022/12/why-hasnt-sam-bankman-fried-been-arrested-yet.html

Why Hasn’t Sam Bankman-Fried Been Arrested Yet?

Duh:

Tom Fitton
@TomFitton
Nov 12
While the Biden gang has been harassing and threatening @ElonMusk and his companies, one of the worst scams in modern finance was being perpetuated under their nose by a regular WH/Hill visitor and the second biggest Democratic donor.

Elon Musk
@elonmusk
Nov 13
Replying to @TomFitton
SBF was a major Dem donor, so no investigation
Nov 13, 2022 · 3:56 PM UTC

Wasn't sure where to put this one, so here will have to do.

Confirmed real:

https://nitter.pussthecat.org/WillManidis/status/1598328748767674368#m

(Elon's response a bit down the page)

Did anyone watched his interview with George Stephanopoulos. Everything is scripted by DNC and an army of their lawyers.

LOL! Bitcoin explained. To pull a grift, you have to show money to the greedy to scam them.

https://nypost.com/2022/12/09/coinbase-ceo-slams-media-for-treating-sam-bankman-fried-with-kid-gloves/

https://slaynews.com/news/biden-sec-chief-held-secret-meetings-george-soros-hillary-clinton-hid-info-public/

Biden’s SEC Chief Held Secret Meetings with George Soros & Hillary Clinton, Hid Info from Public




Democrat President Joe Biden’s head of the Securities and Exchange Commission (SEC) has been caught covering up secret meetings he held with George Soros and Hillary Clinton, according to reports.

SEC Chairman Gary Gensler scrubbed all mention of a meeting with twice-failed Democrat presidential candidate Hillary Clinton from the public version of his calendar.

He also reportedly hid key details of a meeting with radical billionaire George Soros.

Gensler’s public calendar showed that he only had a staff meeting on August 7, 2021.

However, Gensler’s private calendar lists a meeting with Clinton.

On August 20, 2021, Gensler’s public calendar states that he met with Soros but the meeting’s agenda is hidden.

Yet his private calendar shows that the two met to discuss a forthcoming Wall Street Journal op-ed that Soros was planning to write.

Funny how Gensler knows SBF from MIT but the article makes no mention of that at all. Seems quite relevant to me.