The FTX Collapse I Part Of The Problem 930
On this episode of Part Of The Problem, Dave and Robbie take a look at the recent collapse of FTX, and what that means for the financial markets the world over. This episode was recorded on 11.15.22
https://rumble.com/v1v9u0b-the-ftx-c...oblem-930.html
Last edited by Occam's Banana; 12-02-2022 at 02:43 AM. Reason: replaced YouTube with Rumble
Last edited by acptulsa; 11-18-2022 at 09:09 AM.
Originally Posted by Swordsmyth
Spend more time focusing on this kid's parents... They're the reason people gave him money. These people have been marked "safe" from the State.
"And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works." - Bastiat
"It is difficult to free fools from the chains they revere." - Voltaire
Binance CEO Attacks FTX Founder As Psychopath
https://www.thefinancialtrends.com/2...as-psychopath/
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
Exodus 12:36
And the Lord had given the people favor in the sight of the Egyptians, so that they granted them what they requested. Thus they plundered the Egyptians.
My two daughters and I were gang-raped by some of the Newcomers. It landed us in the hospital for 3 weeks as several bones were broken. I don't blame them, it was a sexual emergency and I wasn't about to go all white privilege and deny them the release they needed, especially after being stuck in a hotel for months. I see the Newcomers as family now. They are on our side and will help us stop Trump. It is a small price to pay. Anything but Trump.
-GLP poster
"And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works." - Bastiat
"It is difficult to free fools from the chains they revere." - Voltaire
My two daughters and I were gang-raped by some of the Newcomers. It landed us in the hospital for 3 weeks as several bones were broken. I don't blame them, it was a sexual emergency and I wasn't about to go all white privilege and deny them the release they needed, especially after being stuck in a hotel for months. I see the Newcomers as family now. They are on our side and will help us stop Trump. It is a small price to pay. Anything but Trump.
-GLP poster
It's not the Lord on their side this time.
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
Another overview.
FJB
Online Traders Are Fleeing Crypto Exchanges
https://www.thefinancialtrends.com/2...pto-exchanges/
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
The effect of this will be absolutely nothing. DC politicians will continue to launder money through other means.
"Perhaps one of the most important accomplishments of my administration is minding my own business."
Calvin Coolidge
Pocahontas will take lead on “investigation” & shaping GOV control
So far no effects at all , it is like bankman fried is Corzine or something.
Do something Danke
BlockFi Files Chapter 11 As FTX Contagion Spreads
https://www.thefinancialtrends.com/2...agion-spreads/
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
__________________________________________________ ________________
"A politician will do almost anything to keep their job, even become a patriot" - Hearst
Gemini Crypto Exchange Out $900 Million From Genesis FTX Loss
https://www.thefinancialtrends.com/2...esis-ftx-loss/
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
Great video, which highlights an article from 1970, warning of the dangers of supposed "social responsibility" in business.
The businessmen believe that they are defending free enterprise when they declaim that business is not concerned “merely” with profit but also with promoting desirable “social” ends; that business has a “social conscience” and takes seriously its responsibilities for providing employment, eliminating discrimination, avoiding pollution and whatever else may be the catchwords of the contemporary crop of reformers. In fact they are—or would be if they or any one else took them seriously— preaching pure and unadulterated socialism. Businessmen who talk this way are unwitting puppets of the intellectual forces that have been undermining the basis of a free society these past decades.
The discussions of the “social responsibilities of business” are notable for their analytical looseness and lack of rigor.
...
In each of these cases, the corporate executive would be spending someone else's money for a general social interest. Insofar as his actions in accord with his “social responsibility” reduce returns to stock holders, he is spending their money. Insofar as his actions raise the price to customers, he is spending the customers’ money. Insofar as his actions lower the wages of some employes, he is spending their money.
...
The executive is exercising a distinct “social responsibility,” rather than serving as an agent of the stockholders or the customers or the employes, only if he spends the money in a different way than they would have spent it.
But if he does this, he is in effect imposing taxes, on the one hand, and deciding how the tax proceeds shall be spent, on the other.
...
On the level of political principle, the imposition of taxes and the expenditure of tax proceeds are governmental functions. We have established elaborate constitutional, parliamentary and judicial provisions to control these functions, to assure that taxes are imposed so far as possible in accordance with the preferences and desires of the public— after all, “taxation without representation” was one of the battle cries of the American Revolution. We have a system of checks and balances to separate the legislative function of imposing taxes and enacting expenditures from the executive function of collecting taxes and administering expenditure programs and from the judicial function of mediating disputes and interpreting the law.
Here the businessman—self‐selected or appointed directly or indirectly by stockholders—is to be simultaneously legislator, executive and jurist.
...
But precisely the same argument applies to the newer phenomenon of calling upon stockholders to require corporations to exercise social responsibility (the recent G.M. crusade, for example). In most of these cases, what is in effect involved is some stockholders trying to get other stockholders (or customers or employes) to contribute against their will to “social” causes favored by the activists. Insofar as they succeed, they are again imposing taxes and spending the proceeds.
...
WHETHER blameworthy or not, the use of the cloak of social responsibility, and the nonsense spoken in its name by influential and prestigious businessmen, does clearly harm the foundations of a free society.
...
- Milton Friedman, 1970
...
http://websites.umich.edu/~thecore/doc/Friedman.pdf
Last edited by Brian4Liberty; 12-05-2022 at 12:30 PM.
"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
"Beware the Military-Industrial-Financial-Pharma-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
"Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
"Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
Proponent of real science.
The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.
Maxine Waters, in consultation with Gensler, will not subpoena SBF to testify at FTX collapse hearing and instead will make it his choice. I can't imagine why they wouldn't want him questioned under oath in front of the country by the entire House Financial Services Committee and I'm sure he'll be eager to voluntarily do it /s
https://www.cnbc.com/2022/12/07/ftx-...-collapse.html
-------------------------------------------House Financial Services Committee Chair Maxine Waters told the panel’s Democrats she doesn’t plan to subpoena former FTX CEO Sam Bankman-Fried to testify at a Dec. 13 hearing about the crypto exchange’s rapid demise, according to people with direct knowledge of the conversation.
Waters informed committee members of her decision at a private meeting Tuesday with Securities and Exchange Commission Chair Gary Gensler on Capitol Hill, these people said, declining to be named in order to speak freely about the private discussion.
Apparently he will testify after all, though not required to. Will GOP committee members avoid questioning on (Ukraine-->Dem) money laundering since they also received cash from FTX, though nowhere near as much? His best move would be to pull a Lois Lerner and invoke the 5th, though surely there's a lot of backroom wheelin' n dealin' going on.
https://www.cnbc.com/2022/12/09/sam-...ore-house.html
Last edited by devil21; 12-09-2022 at 12:13 PM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
"And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works." - Bastiat
"It is difficult to free fools from the chains they revere." - Voltaire
FTX Was Secretly Funding Cryptocurrency News Outlet The Block
https://www.thefinancialtrends.com/2...let-the-block/
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
Caroline Ellison Of Alameda Research Retains Lawyer, May Have Cut Deal With the Feds
https://www.thefinancialtrends.com/2...with-the-feds/
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
Last edited by Occam's Banana; 12-12-2022 at 07:24 PM.
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