Post-FTX Regulatory Crackdown Will Erode Liberties, Accelerate Path To CBDC ‘Social Engineering’


Zero Hedge: As we discussed last night, Sam Bankman-Fried has now demonstrated that he is both a pathological liar and a sociopath, the kind who in “explaining” to his employees how he stole billions (over $4 billion according to new FTX CEO John J. Ray) from the now bankrupt FTX, an act which left it insolvent and without liquidity, called it “loans” which were “generally” not used for “large amounts of personal consumption” (just “small amounts” used for such trivial items as $40 million penthouses and private jets).

And the only reason we don’t officially call him a criminal just yet, is because he has not yet confirmed he used client money from his exchange to fund his personal hedge fund, an act which would cost any other individual decades in jail… but not prominent democrats like SBF or Jon Corzine, of course. Plus it’s the US legal system’s job to do that, not ours. Although we are growing increasingly skeptical this prominent Democratic donor will ever see the inside of a courtroom.

It’s not just us: with much of the entire world demanding to know how this corpulent 30-year-old still has not been thrown in prison, or at least charged with a variety of crimes, the NYT just confirmed to the entire world what a farce the one-time paper of record has become, and how it is willing to whore itself out for clicks – not to mention prominent Democrat donors – because moments after SBF tweeted that he will be speaking with Andrew Ross-Sorkin moderated NYT “summit” on Nov 30… Read More …

Opinion: A $50 billion crisis that may get much much bigger. The irony is that the moolah mostly benefited Democrats so therefor information is coming in slowly.

I have been trying to understand the so-called crisis since it began. I will try to keep it simple.

Let’s say you wanted to buy and sell cryptocurrencies like you buy and sell stocks and bonds. You would search for a broker like Merrill Lynch or Fidelity, open an account and fund it by putting money into the account.

It is the same for crypto traders, except instead of Merrill or Fidelity you open an account with FTX or another brokerage and put your money in. So far so good.

Here is where it gets crazy. With little or no regulations to prevent theft and fraud, FTX committed a capital offense. They moved billions of those deposits to another account without the depositors’ knowledge and did as they pleased with it, including trading, buying multimillion dollar homes, and donating millions to Democrat politicians and causes.

You see, it is illegal to do that, and people who do, usually wind up in prison like Bernie Madoff. But this time, the 30 years old wiz-kid is not going to jail. This time, with the help of corrupt politicians, Sam Bankman-Fried is a featured speaker:

Howls Of Outrage After New York Times Confirms SBF To Speak Alongside Zelenskyy, Yellen

Sam Bankman-Fried, co-founder and CEO of FTX, in Hong Kong, China, on Tuesday, May 11, 2021.

And so, instead of being under arrest, SBF will instead be treated like a luminary alongside other such other Democrat icons as Zelenskyy (who according to some may have been intimately familiar with FTX fund flows in the past year) and of course the woman who along with Ben Bernanke and Jerome Powell, made it all possible by blowing the biggest asset bubble of all time: Janet Yellen.

And while we are certain that the NYT – which we assume is done writing puff pieces on behalf of SBF after it became a laughing stock last week – would be quick to mercilessly cancel and expel from its “prestigious” conference anyone who had misgendered some post-op transsexual (read more)

And what a trifecta on the dais: Janet Yellen, Volodymyr Zelensky and Sam Bankman-Fried to usher in the cashless society:

He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, 17 and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.” Revelation 13:16-17