By Jerry PDX
wednesday, november 16, 2022 at 12:16:00 a.m. est
ctx ceo Sam Bankman-Fried was one of the largest donors to far-left causes in the country, second only to George Soros:
https://www.foxnews.com/politics/troubled-crypto-boss-sam-bankman-fried-lost-15b-week-funneled-millions-dems-far-left-causes
Now the ponzi scheme has collapsed, revealing just how fragile crypto-currency is. Investors have lost billions. Exactly what backs up crypto anyways? That fiat money being issued by the fed at least has the American government backing it up (well, the American taxpayer, that is), for what that’s worth, anyways, but crypto-currency?
Here Bankman-Fried tries to calm panicked investors, by claiming he still has a billion to deploy, though from what I’ve read, he has nothing, or even less than nothing. One has to wonder how much the billions upon billions of fiat money he has pumped into the economy have helped fan inflation. The fed’s funny money is bad enough.
Couldn’t have happened to a nicer commie. Check out his interview; guy sounds a little light in the loafers to me.
https://www.youtube.com/watch?v=uGZrZq6z-Ig
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3 comments:
I've watch BitCON for years and avoided the temptation.Who knows it's future,whether the Fed or ECB wants to destroy it,or allow it to survive.Gold is under similar scrutiny by those entities and BitCON'S ability to find a free,fair market price has been impeded for years by central banks.
--GRA
Actually,meant to say,GOLD'S ability to find a free,fair market price has been impeded for years.The powers that be may want to squelch BitCON as well.
--GRA
"he still has a billion to deploy, though from what I’ve read, he has nothing"
Trying to cover losses by borrowing more. No one will ever lend again to him.
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