FTX....Uh Oh

[sprintcvx]

https://twitter.com/i/web/status/1593168064241373184

 

[regor]

 

[sprintcvx]

You just can't make this up.

https://twitter.com/i/web/status/1592921741034401792

 

[HNL2LHC]

You just can't make this up.

https://twitter.com/i/web/status/1592921741034401792

Going to fair and unbiased….. said no one!!!!!

 

[was thatguy]

 

[wzuber]

You just can't make this up.

https://twitter.com/i/web/status/1592921741034401792

what could possibly go wrong with that??? The corruption w/in the dem./rino/uniparty party is infinite.

 

[2Driver]

 

[BingerFang]

Turns out his mom is a huge donor for the Democratic Party, her company, spent $140 million to beat Trump in 2020 and his dad has drafted tax legislation for Elizabeth Warren.

Cryptocurrency billionaire broke the bank for Dems

Amid all the jubilation and gloating by Joe Biden, Chuck Schumer and pals over the Democrats’ better-than-expected showing in the midterms comes a disturbing story that may explain something about …

nypost.com

How Silicon Valley’s secretive donor group plans to beat Trump

Mind the Gap plans to spend $140 million in 2020, per leaked documents.

www.vox.com

 

[McKay]

What the hell? The dollar is already digital. I carry a couple hundy in cash, the entire universe of my other monetary transactions (and everyone else's too) is done electronically.

This is just another unnecessary expansion of the fucking government.

It's not digital like they want it to be. They system that is being set up, yes by our own Fed right now. (Beta testing is going on right now)
They will be able to track and keep a ledger of every penny you have and track exactly what you are ABLE to spend it on. You reach your allotment of gas this month, they will be able to shut down your ability to buy more gas till next month. You already bought your allotment of beef this month, etc. Sounds crazy but it is exactly what they are wanting to do.

 

[wzuber]

It's not digital like they want it to be. They system that is being set up, yes by our own Fed right now. (Beta testing is going on right now)
They will be able to track and keep a ledger of every penny you have and track exactly what you are ABLE to spend it on. You reach your allotment of gas this month, they will be able to shut down your ability to buy more gas till next month. You already bought your allotment of beef this month, etc. Sounds crazy but it is exactly what they are wanting to do.

yup....and along with this comes the social credit score game too.......just.....like.......china!!!!!!!!!

 

[BingerFang]

Sam Bankman-Fried tries to explain himself

The fallen crypto CEO on what went wrong, why he did what he did, and what lies he told along the way.

www.vox.com

 

[TimeBandit]

It's not digital like they want it to be. They system that is being set up, yes by our own Fed right now. (Beta testing is going on right now)
They will be able to track and keep a ledger of every penny you have and track exactly what you are ABLE to spend it on. You reach your allotment of gas this month, they will be able to shut down your ability to buy more gas till next month. You already bought your allotment of beef this month, etc. Sounds crazy but it is exactly what they are wanting to do.

I can't imagine the govt has the ability to implement such a system, it will get bogged down in committee for years.

Hell, they can't process tax returns on time now, How could they be the middle man for every dollar transaction by every american?

Zelle has scammer problems now, imagine if the govt was in charge of your bank account?

Just picture a phone call to "customer service" lol

 

[LargeOrangeFont]

I can't imagine the govt has the ability to implement such a system, it will get bogged down in committee for years.

Hell, they can't process tax returns on time now, How could they be the middle man for every dollar transaction by every american?

Zelle has scammer problems now, imagine if the govt was in charge of your bank account?

Just picture a phone call to "customer service" lol

Now recall how quickly they were able to react to Covid and force you to shut your business down.

 

[McKay]

I can't imagine the govt has the ability to implement such a system, it will get bogged down in committee for years.

Hell, they can't process tax returns on time now, How could they be the middle man for every dollar transaction by every american?

Zelle has scammer problems now, imagine if the govt was in charge of your bank account?

Just picture a phone call to "customer service" lol

It's called block chain, they will be able to turn the faucet anyway they want. Why do you think most of the major credit card's started to code firearm purchases different then just general goods like it was this year? All these changes are coming unless we fight it. This was good year for ESG with a lot of fights happening on the state level.

 

[McKay]

Once they have digital currency what is the use for banks at that point? You will just have an account with the Federal Reserve. If you don't think there is a major push in this direction start to do some research and you will be blown away.

 

[TimeBandit]

It's called block chain, they will be able to turn the faucet anyway they want. Why do you think most of the major credit card's started to code firearm purchases different then just general goods like it was this year? All these changes are coming unless we fight it. This was good year for ESG with a lot of fights happening on the state level.

Banks and credit card companies are private for profit enterprises. The govt is not set up to provide service on every dollar on such a grand scale.

The CEO of Chase bank recently said he is closing all Chase credit card business to create a direct consumer to vendor payment system. That is one payment system (credit cards) will be replaced by another... no mention of how time payments/interest would be handled with the new Chase proposal.

Wealth of Geeks

Learn how to make, save, grow, and protect your money. ($$$) Read unique insights on how to plan for retirement. Plus, get the latest on geek culture such as video games, movies & TV

wealthofgeeks.com

The govt currently has no payment system in place, who would create it? who would operate it?

I'm not a fan of the prospect of a digital dollar and have zero confidence it could be operated by our govt.

Can you imagine how much money banks/credit card companies will spend to keep the govt out of "their" business?

 

[rrrr]

Right on que.....................

Here Come "Programmable Dollars": New York Fed And 12 Banking Giants Launch Digital Dollar Test​

“Programmable US dollars may be necessary to support new business models and provide a foundation to much-needed innovations in financial settlements and infrastructure,”

TUE NOV 15, AT 9:30 AM


Annnnnnnd to root out non believers in DEMOCRACY!!!!!!!!!

What the hell? The dollar is already digital. I carry a couple hundy in cash, the entire universe of my other monetary transactions (and everyone else's too) is done electronically.

This is just another unnecessary expansion of the fucking government.

It's not digital like they want it to be. They system that is being set up, yes by our own Fed right now. (Beta testing is going on right now)
They will be able to track and keep a ledger of every penny you have and track exactly what you are ABLE to spend it on. You reach your allotment of gas this month, they will be able to shut down your ability to buy more gas till next month. You already bought your allotment of beef this month, etc. Sounds crazy but it is exactly what they are wanting to do.

Remember the proposal that Biden made in October 2021 to monitor all private and public banking transactions over $600? He claimed it would target wealthy tax cheats and result in billions flowing to the US Treasury.

The proposal was quickly withdrawn when a huge backlash from taxpayers like you and me occurred. They will continue these efforts to target taxpayers that have political differences with the left's insane and illegal attempts to crush opposition.

President Biden proposes the monitoring of Americans’ bank accounts, Republicans vow to fight it - The Heartlander

D.C. – President Biden has sparked nationwide outrage for his recent tax proposal that plans to bolster perhaps America’s most hated governmental institution: the IRS. Biden’s proposal will force banks and other financial institutions to annually report customers’ account transactions that...

heartlandernews.com

 

[retaocleg]

https://twitter.com/i/web/status/1592211614853652481

 

[was thatguy]

I can't imagine the govt has the ability to implement such a system, it will get bogged down in committee for years.

Hell, they can't process tax returns on time now, How could they be the middle man for every dollar transaction by every american?

Zelle has scammer problems now, imagine if the govt was in charge of your bank account?

Just picture a phone call to "customer service" lol

Lol
Like they’ll bother to ask permission at that point.
It’s real, it’s happening, and it will not be stopped.
This is called “global progress” and our republic is standing squarely in the way.
There is no place in a global society for independence.
Maybe not in our life times, but make no mistake it will happen.
It’s why our own “government” seems to be destroying our country, from our perspective.
They have a vision and a goal and it does not, CAN NOT, include a free America.

 

[retaocleg]

What the hell? The dollar is already digital. I carry a couple hundy in cash, the entire universe of my other monetary transactions (and everyone else's too) is done electronically.

the difference being your cash cant be turned off for wrong think.......

 

[caribbean20]

Just saw the “esteemed” Maxine Waters on CNBC. Sara Eisen asked the great question, “as Chair of the Finance Committee, should Dems who received FTX donations return them?”

Waters responded, “maybe they should.” That’s got to have some Dems shitting bricks right about now

We’ll see if they actually do, but the issue is in the public domain and will be great theater. With GOP now in House majority, they will make hay with it (although there were GOP donations too).

 

[retaocleg]

Just saw the “esteemed” Maxine Waters on CNBC. Sara Eisen asked the great question, “as Chair of the Finance Committee, should Dems who received FTX donations return them?”

Waters responded, “maybe they should.” There’s got to have some Dems shitting bricks right about now

We’ll see if they actually do, but the issue is in the public domain and will be great theater. With GOP now in House majority, they will make hay with it (although there were GOP donations too).

bailouts for "tax payers wrongfully caught in this" to include the receivers........will cover clawbacks, if that happens
covering ass, using constituents losses to cover the grift

 

[stokerwhore]

And the dems want to send another $60 billion over to ukraine to keep the theft going

 

[regor]

 

[regor]

Watch all the corrupt RINO's fight it.......................

 

[was thatguy]

the difference being your cash cant be turned off for wrong think.......

Well, actually it can be turned off.
The US treasury owns that paper.
They can say tomorrow that it is worthless.
When the day comes they will probably say that we have like 6 months or whatever to cash it in (in reverse) kind of like casino chips, but it will happen.
The phase out process can only be speculated at this point, but it’ll happen one way or another.
Every bill also has a serial number on it.
In that respect it’s no different than digital currency.

 

[retaocleg]

trumpkins are the problem.....(getting in the way of the grift)

 

[regor]

trumpkins are the problem.....(getting in the way of the grift)

"Since July, Bankman-Fried has made $5,800 contributions, the maximum individuals can give directly to Congressional campaigns, to the committees of Bill Cassidy (R-La.), Susan Collins (R-Maine), Lisa Murkowski (R-Alaska), Ben Sasse (R-Neb.), Mitt Romney (R-Utah) and Richard Burr, the North Carolina Republican who announced plans to retire at the end of his term in 2023," the Forbes piece said.

 

[retaocleg]

Well, actually it can be turned off.
The US treasury owns that paper.
They can say tomorrow that it is worthless.
When the day comes they will probably say that we have like 6 months or whatever to cash it in (in reverse) kind of like casino chips, but it will happen.
The phase out process can only be speculated at this point, but it’ll happen one way or another.
Every bill also has a serial number on it.
In that respect it’s no different than digital currency.

ive read that they are actually thinking that.......electronic money with expiration dates, to spur the economy, and without cash, there is no where to hide
we'll see........

 

[Danger Dave]

You just can't make this up.

https://twitter.com/i/web/status/1592921741034401792

She's actually heading the investigation.

https://twitter.com/i/web/status/1593347716762984449

 

[LargeOrangeFont]

She's actually heading the investigation.

https://twitter.com/i/web/status/1593347716762984449

“We are in good hands, and justice will prevail” - Thin John Belushi’s mom.

 

[regor]

Uh............................OH

Yore gunna want to jab yore eyes out if yore not careful!!!

 

[sprintcvx]

https://twitter.com/i/web/status/1593417112470568960

 

[wzuber]

https://twitter.com/i/web/status/1593417112470568960

" a carbon footprint tracker".......he says that like it's a good thing........them tracking everything you do........all the way to what you....... EAT..........That's how far up our ass they INTEND to be.......I hope I at least get to have explosive diarrhea in their face while they're up my ass that far......

 

[Runs2rch]

Where are the militia sign ups?

 

[snowhammer]

You are either in or you're not

 

[WhatExit?]

Just the facts:

• Following the collapse of FTX, Bankman-Fried stepped down as the company's CEO and his net worth dropped from about $16 billion to no material wealth, according to Bloomberg. Bankman-Fried apologized to FTX users on Twitter, saying he had "f---ed up."
• Bankman-Fried was a prolific donor to Democratic candidates during the midterm election cycle, wiring nearly $40 million to Democratic coffers throughout 2021 and 2022. He also donated about $10 million to help President Biden get elected in 2020.
• "Mr. Bankman-Fried allegedly withdrew customer deposits from FTX to offset losses at Alameda, a violation of the exchange’s terms of service," Hawley wrote to Garland, Gensler and Behnam. "To paper over the fact that he had depleted FTX’s assets, Mr. Bankman-Fried filled FTX’s asset ledger with artificial assets of near-zero value and grossly misrepresented the value of those assets."

Maxine Waters dodges question on FTX, Democrat ties and claims 'both sides' got money

Rep. Maxine Waters said she didn't "want to get into" whether Democrats who received campaign cash from FTX should give it back after the crypto exchange's bankruptcy.

www.foxbusiness.com

Josh Hawley fires warning shot to top Biden admin regulators over FTX collapse: 'Provide all correspondence'

Sen. Josh Hawley, R-Mo., a member of the Judiciary Committee, demanded relevant information and correspondence related to FTX from top Biden administration officials.

www.foxbusiness.com

 

[yuppie]

 

[yuppie]

 

[regor]

Just so we're all clear, Frank Luntz's boyfriend used FTX money (your tax dollars) also.

McCarthy Used FTX Cash to Defeat Conservatives in 2022

GOP establishment leader Kevin McCarthy funded his chosen ones in 2022 and drummed MAGA conservatives out of the GOP with corrupt FTX money.

nationalfile.com

 

[WhatExit?]

Can someone explain to me how this Bankman-Fried troll pulled $10 billion and treated it like his own money? Or is that not what happened?

 

[yuppie]

Can someone explain to me how this Bankman-Fried troll pulled $10 billion and treated it like his own money? Or is that not what happened?

FTX was a brand new company with heavy hitter investors rising fast. Hundred million dollar revenue days coming from trading fees.

FTX had a sister company called Alameda Research, which was supposed to be a trading arm, but really they just invested a ton into hundreds of startups. They did front-running on new coins being listed on FTX (cheating) and still had a terrible track record trading and investing. They lost a lot of money, so the CEO of FTX (SBF) took money from the customer accounts to send to Alameda in order to cover their losses.

It spiraled out of control from there.

 

[MSum661]

Will be interesting to see if the BK Trustee uses the clawback provisions of BK law to go after those Dem contributions. This could get very interesting.

Don’t know if they apply here.

May not go to far within the US.
One of the joint provisional liquidators in the Bahamas who is overseeing this FTX mess says he rejects the validity of FTX’s chapter 11 bankruptcy filing in the US. saying he did not authorize it and that SB-F established the FTX networks that were managed and operated by FTX Digital in "The Bahamas."

The same guy is closely working with the Securities Commission of The Bahamas and so it appears the same person is making this a jurisdictional issue.
Might help explain why dem's in the US, hiding evidence, want this their court but may not get what they want.
Its the Securities Commission of The Bahamas who has froze the assets of FTX.

 

[OldSchoolBoats]

What a fucking disaster

 

[Tom Slick]

Reminds me of Billy McFarland and his Fyre Festival fraud in the Bahamas, only bigger.

 

[regor]

 

[Andy B.]

Anyone hear about the class action lawsuit filed in Florida a lot of big named celebrities,athlete's?
Duck Duck Go it fuck goggle!

 

[pronstar]

Anyone hear about the class action lawsuit filed in Florida a lot of big named celebrities,athlete's?
Duck Duck Go it fuck goggle!

Yeah, methinks there’s substance to the case.
Endorsements for financial instruments have significantly different rules than endorsing a razor or car.

 

[4Waters]

https://twitter.com/i/web/status/1593168064241373184

Is there a full list of who is named in the lawsuit

 

[Andy B.]

You guys are fast and thorough my wife showed me that a few minutes before I posted it.