8 Replies to “WTFTX?”

  1. The Madoff of crypto. It got the Democrats their election fraud to keep alive for two more years. SBF will now be the next victim of Arkancide when everyone looks the other way.

  2. I think there’s many more than just Hillary who are angry at SBF, if he’s offed, there’ll be 1000’s of suspects.

    Will the Republicans in the House pass this bill to digitalise their fiat currency?

  3. From Alex Berenson.

    Citizen reporting beats legacy media on a crucial, complex story (yet again)
    https://alexberenson.substack.com/p/citizen-reporting-beats-legacy-media?utm_source=substack&utm_medium=email

    “Yet the Times, Washington Post, and other outlets have so far treated Bankman-Fried and other FTX executives with kid gloves. On Monday, the Times allowed SBF to plead his case in an interview in which it barely challenged him.”

    The sainthood of the FTX guy is on.

  4. Keep converting FIAT and crypto into real assets, one wonders when the controlled demolition is going to start. Are we at the point when one sees the little puffs when the explosives blow out the supports? Will it all come tumbling down? Enquiring minds want to know

    1. Not since the 1930s, Jeff. Savers have been screwed out of their savings since FDR started deliberately devaluing the US dollar and called it “Inflation.” It was a program of the US government. Just as the confiscation of gold was a government program. They confiscated all the gold to ensure Joe Normie was stuck using their fiat currency.

      The name of the game for nearly a hundred years has been asset appreciation. You borrow money and buy an asset that gains value due to scarcity or some other reason. You use the increase in value to pay off the loan. Rinse and repeat.

      That’s why a crappy old house in downtown Toronto is worth $2 million bucks. Real estate assets got rinsed and repeated out of reach. Because they are the only thing in Canada that you can buy and sell without the government taxing away all the profit.

      Working, making/doing useful things and saving your money has been a mug’s game for a very long time. That’s why no one does it anymore.

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