There’s spillover between this story, and one of the most central cogs in the Great Reset - the world digital currency rollout and timeline. Of course, the first thing is to tame that wild crypto west:
“Indeed, the one certainty that has emerged in the immediate aftermath of the FTX collapse is that there will be a scramble by legislators and regulators to impose similar regulations on crypto sector entities dealing with customer funds.”
I suspect that certain higher level players, well above Sammy boy, have played him.
I am not too worried about Central Bank Digital Currencies (CBDC). Europe is staring at a massive energy shortage, and even the US is looking at a diesel shortage. “We’ll freeze but at least we have our CBDCs!!!” simply will not fly.
That simply plays into digital currency. These crises are a chance for them to speed up the the whole game.
If one lives a less energy intensive life, one’s digital account will be allowed to make purchases. If you use “too much energy,” your digital currency will be turned off.
Already, banks are implenting carbon tracking into digital banking. I’ve got it right on my phone right now. Unactivated, for now. I have no doubt that if the “energy crisis” requires mandatory, permitted energy-saving digital currency purchases only, then I will be forced to use it.
The pandemic was a golden opportunity to reset. The Ukraine and European situation is another one.
The timeline is still 2030.
I was not that long ago visiting France. The landlord of the apartment block reduced the heating temp of the entire building, to save on cost. I think it was two degrees less than previous winter. It’s controlled centrally. Nought one could do about it. People in power don’t give a poop if the people freeze. Unless the peeps get violent. But then, they can turn off their digital currencies so then they can’t even eat. I suspect that’s the plan. Protests will be a thing of the past. That’s their hope.
Digital currencies will be sold as necessary to save the planet, get energy prices down, stop the crims, etc. For our own good.
What you are arguing is akin to we’ll save energy by using MORE energy. Make purchases of what? Behind every unit of GDP is a unit of energy. By directing a significant portion of energy to maintaining the so called CBDCs, the only thing certain is that there’s going to be a lot less energy to produce other things. Seems to me it’s basically welcome to the new world, it’s just like the old world where only the rich can afford to buy stuff.
No, that’s not what I’m arguing. Logic, morals, “what’s good and economical to save energy,” doesn’t apply here. But that’s how they’ll try and sell it - “If we don’t all do this, we’ll run out of energy!” And the masses will buy it. Probably also state something like: “CBDCs use renewable and green energy. It’s clean currency. Paper and plastic money spreads diseases and uses trees, oil, etc.”
I’m not sure that the people implementing CBDCs are concerned at all about using more energy. Especially if used to further enslave and control the masses. They love that type of stuff.
Guys…, he feels bad! And will try really hard to raise $8 billion in the next two weeks.
He hopes there is someone with so much money, who knows how it is to fall down hard and just bails him out with $8 billion.
‘Funding secured’ master plan
I am pissed at this guy, even though I haven’t lost anything because of him.
For someone whose parents are law professionals, this guy should shut up and stop incriminating himself with his tweets and interviews. In fact he should have lawyered up the moment FTX blew apart. Or maybe he knows that Biden will pardon him just like Bill Clinton pardoned Marc Rich.
His planned defense against jail time is “I was just doing what I thought was best at the time and I am just incompetent, I did not know”. All his gaffes on Twitter play into this.
This family (stories on SBF’s mother, too) really deep in Dem’s pockets.
After she introduced the Tax Filing Simplification Act in April 2016, Warren — who currently chairs both the Senate Banking Committee’s economic policy subcommittee and Senate Finance Committee’s fiscal responsibility subcommittee — touted the support of Bankman and dozens of other law professors and economists. Bankman, a law professor at Stanford University, penned a letter of support for the bill, which other scholars signed.
On the other hand I hope he keeps blabbing and making it worse.
People like this need serious time. As the Chinese saying, 'kill the chicken to scare the monkey ’
Another thing is he admitted to fraud.
Too lazy to make a bank account for FTX deposits? And later just forgot about deposits from FTX are going to Alameda casino. Sure…
I guess no one should be surprised. The Taiwanese do love living on the edge after all.
Among 751 FTX users taking Nextapple’s online survey, 38.2% of correspondents report their estimated loss at US$1,001-US$10,000, 30.4% at US$10,001-US$50,000, 8% at US$50,001-US$100,000, and 6.9% at US$100,001-US$300,000. There were 17 people each estimating a loss over US$1 million, and the highest loss surveyed was US$7 million.
Sorry to put everybody on the wrong footing. I posted before reading the whole article. It appears the regulator is refusing to compensate. They are saying everybody can deduct investment losses on their tax return next year per usual. That means they are not bailing anybody out.
