FTX .com was run by a Syndicate
All the popular Hollywood, ex Presidents and others were part of this.
The complete meltdown of FTX, the cryptocurrency exchange run by Sam Bankman-Fried, a man who looks like he emerged from a laboratory dedicated to the manufacture of charlatans. Bankman-Fried was, at one point, worth some USD $26 billion; his exchange was the second largest in the world. But he also bragged about never reading books (“I think, if you wrote a book, you f---ed up, and it should have been a six-paragraph blog post”); he lived in a “polycule” — a polyamorous semi-colony — along with nine of his executives; he wore gym shorts and T-shirts to important company events with Bill Clinton and Tony Blair; he placed at the head of human resources the girlfriend of the director of engineering and as chief operating officer his own intermittent girlfriend and as head of his associated hedge fund yet another intermittent girlfriend.
REMEMBER gays always bring along girls to cover up that they are straight and coverup that they are hardcore gays.
He did all of this in the name of supposed “effective altruism,” a philosophy in which Left-wingers seek to use capitalism in order to enrich themselves, then dump the money into favored causes. “I wanted to get rich, not because I like money but because I wanted to give that money to charity,” SBF told one interviewer. In other words, loot the world in the name of charity is the philosophy of altruism which originated from India.
“Effective altruism” is just another iteration of the World Economic Forum-approved “stakeholder capitalism” idea — the idea that CEOs owe their shareholders nothing, but the world at large their time, money and resources. There is a reason that FTX had partnered with WEF — a fact that WEF has now obscured by cleaning its website.
How many scam artists are using such “bluewashing” in order to cover for malfeasance — all the while colluding with government figures to redraw regulations that benefit them? That, after all, was SBF’s biggest scam: He was an advocate of particular types of regulation that benefitted him and used both familial and business connections in order to protect his corporatism.
And that’s the dog that didn’t bark here: Where were the regulators with whom SBF was close? Where were the supposed advocates of “ethical capitalism,” who posit social responsibility but whose friends seem to repeatedly be caught with their fingers in the cookie jar, dating all the way back to Bernie Madoff?
Maybe, just maybe, the problem isn’t with capitalism per se, and its chief admonition caveat emptor, its belief that trust is to be earned rather than granted freely. Maybe the problem is with a cadre of supposed protectors of the public who aren’t out to protect the public at all, but to hobnob with other “change agents” from Bahamian estates while patting themselves on the back for all the good they’re doing.
