Worldcom, Enron, Lehman Brothers, and....... FTX. Don't understand what is going on in the FTX implosion? Check out Coffeezilla's breakdown of the FTX takedown.
What does one say? Fundamentals didn't matter, math didn't matter, ethics didn't matter, accountability? Didn't matter. All that mattered was the ability to create money out of thin air and dupe the willing. It will not be surprising to learn these guys and gals believed their own crap.
This commercial aged really well.... from a perspective of irony.
26 comments:
FTX was run by a Democrat and based in Bahamas.
What's not to like?
Harkens to the days of Mt. Gox and those shenanigans.
Billions lost again.
When I was growing up in the 60s, my dad always said, "A fool and his crypto are soon parted."
If you need a YouTuber to explain the criminal FTX collapse to you, then you shouldn’t be speculating on cryptocurrency. Also, the Federal Reserve just issued their first programmable digital currency aka CBDC, in the wake of the FTX collapse. They aren’t letting this crisis go to waste!
Got news for the screw-you-taxpayer PERS eunuchs who haunt JJ ... don't expect the rest of Mississippi to further bailout your underfunded Ponzi scheme should your BOD make stupid decisions to invest in highly speculative investments.
FTX laundered campaign contributions to the Democratic Party through Ukraine.
The story of a laundry mat in Europe…
1. Biden as he has for years and government gives your and my Money in cash to Ukraine -Wicker, Guest et al wear their I support Ukraine (cuz… well you know why) lapel pins.
2. Ukraine buys crypto currency.
3. Crypto companies “donate” to Biden’s family and everyone in office with a lapel pin with crypto, jobs etc and the lapel pin wearers who approved the billions (what’s Haley’s lobbying firm again?)
4. US Banking regulators are “surprised” by not only this collapse but 2008 crash, so they asked all the ex politicians who work for banks and now crypto’s and their families to go ask current politicians with lapel pins for a bail out
5. This week Biden ask for 32 billion more in emergency aid to the Ukraine (don’t forget your lapel pin) plus ANOTHER 15 billion cash to pay Ukraine salaries…
6. Crypto, banks, weapons companies hire more staff from Congress offices because they are such good employees.. lol
7. Ukraine telethon begins again… fly your Ukraine flag.
Wash rinse and laundry in the Ukraine laundry mat…
Don’t forget to wear the colors of Ukraine today..
Trump got impeached for asking where the money was going in a phone call
If only he’d worn his lapel pin…
I wonder what Joel Bomgar’s losses are at this point? He’s been on social media trying to get people to buy in for weeks.
I’m an old millennial. I remember when cryptocurrency was all about a decentralized, untraceable method of transferring money and buying goods, based on the dream of a Gibson-esque/Neuromancer future. Even the pseudonym of the creator of Blockchain sounds like a character from Neuromancer. Those days died with the Silk Road, when Dred Pirate Roberts was arrested. Now cryptocurrency is tracked by the FBI/CIA and audited by the IRS. Politicians use it to launder aid money from globalist architected proxy wars. And of course, Wall Street treats it like any other speculative commodities.
What I can’t understand is why do supposedly sophisticated (?) investors continue to get duped because of greed, time and time again. I am not the smartest person on this blog, but I can read and to some degree understand quarterly reports. I picked up a world com quarterly report and realized they were reevaluating individual components at an unreal and unsustainable growth rate. It was obvious, and this bit coin scam is even more so. Please take note, for your own benefit.
One might consider the proxy war in Ukraine as a huge laundromat.
@7:34
Everyone aged 50 and under have been conditioned to trust their money with people with names like “Bankman”
All I ever needed to know about cryptocurrency is that the cultural centers are basically the /biz/ boards of 4chan and various autistic subreddits. It’s cancerous digital beanie babies for millennials and zoomers to scam ignorant boomers. SBF himself was very clearly autistic.
The post was not published for speculators but for average readers who don't play in crypto but have seen all the hubbub in the news lately.
Thank goodness I'm too poor to be affected by any of this.
Larry David? Doing advertisements for Sam Bankman-Fried? Wonder whether Isaiah Jackson tweeted anything about that.
@KF
Just say boomers. We know who are the tech-ignorant among us.
People like Bankman-Fried refer to ignorant boomers as “paypigs” in comments on Reddit.
They are the same types of people who invest based on advice from cable TV shows like “Mad Money”
Here's a solid summary:
https://twitter.com/adamscochran/status/1593020859156865026?s=20&t=MWNVIZCHPptgPjE4QU2UZg
Let this be a lesson for everyone, DON’T LEAVE YOUR CRYPTO ON AN EXCHANGE! After you buy it, transfer it to your own private wallet and hold it there.
November 17, 2022 at 8:47 AM
Betcha my boomer portfolio SMOKES your panty waist.
6:58 - You speak the whole truth and nothing but the truth
You don't have to know much to know not to buy or invest in something that has no value.
@9:55 AM
OK boomer
I bet you also keep all of your investment account passwords written down on paper “hidden” under your keyboard too! 😂
@10:26 I would wager that you bought as much of this aa Warren Buffett and I did.
All Major League Baseball umpires had an FTX patch on their uniforms for every major league game this past season.
As 9:23am said - Not your keys, not your crypto. Put it in a hard wallet.
@11:27 AM
Those are called advertisements and that’s how they pay to allow grown men to watch other grown men play little children's games.
There is BTC and there is everything else. Sh*tcoins. Every last one.
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