How The Elite Stay Rich and Politicians In Power - FTX’s Sam Bankman-Fried
How does the shady system work to keep the elite rich and politicians in power? A perfect example is with Sam Bankman-Fried’s FTX, which is now bankrupt.
In 1992, Sam Bankman-Fried was born on the Stanford University campus to two Stanford Law professors and tax regulation lawyers Joseph and Barbara. Sam went to MIT studying physics and math, and then met his ex-girlfriend and business partner, Caroline Ellison. Caroline’s father, Glenn Ellison is the economics department head at MIT where Gary Gensler used to teach, who President Biden appointed as the Chair of the U.S. Security and Exchange Commission, known as the SEC. Sam donated hundreds of millions of dollars of customer funds to the Democratic Party as the second largest donor, right behind billionaire George Soros. This got him access to working with the SEC and Congress on legislation to restrict FTX competitors from operating in the U.S.
FTX was setting themselves up to monopolize crypto exchanges to make billions more while politicians in return got hundreds of millions to stay in power.
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#FTX #SBF
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Пікірлер: 104
That's his girl? See? There IS justice in the world.
@gratefulguy4130
Жыл бұрын
🤣
@agoo7581
Жыл бұрын
Yeah. He's a piece of shit. But maybe let's not body shame?
The good news is when they die they don’t get to take any of their wealth with them, just their guilt. That’s gonna last forever. And the money they stole and the life they lead are gonna seem like a laughably small recompense in comparison.
@RyanC__
Жыл бұрын
Amen
Crypto has always seemed dodgy af to me.
@ThomasConover
Жыл бұрын
The only dodgy thing is fraudsters like Sam bank an who created FAKE paper bitcoin and sold billions of it then donated a few hundred million to buy himself out of jail. Bitcoin itself can never perform fraud because bitcoin is governed by unbreakable mathematical algorithms.
@minaryeon9259
Жыл бұрын
It is, but if done right you make lots of money. But not for the weak hearted.
@elduderino7767
Жыл бұрын
these type of failures have really nothing to do with crypto as technology or money it's basically banks doing stupid shit and losing customers funds so it's not really a crypto issue but idiots giving their cypto to banks who then do stupid shit with it and lose it there is a saying in crypto, much like money in the bank world, if you don't hold it, you don't own it
So glad I followed my gut and stayed far away from FTX
At what point would you sell your business after it was worth enough to live the rest of your life in a beach house on Tahiti with, drunk on Margaritas all the time? How can anyone smart enough to make 32 billion be stupid enough to wait until after 32 billion to sell?
Derek is undeniably based
@Godisabsolutelygood
Жыл бұрын
Bias towards the TRUTH. When are you people going to learn that the Democrats AND the Establishment Republicans are all on the SAME side and that is the side that is AGAINST YOU... and me and ALL the citizens of the United States. How can you POSSIBLY think that mega rich politicians are going to do anything to increase taxes on the rich for your benefit? THEY ARE THE RICH.
@gratefulguy4130
Жыл бұрын
Most based video yet
@sevionus80
Жыл бұрын
I read your comment wrong lol GGs
@Jabba094
Жыл бұрын
Based on what
@Ta2dwitetrash
Жыл бұрын
Lmao, not based enough to bring up the absolute biggest part of the scam. I mean holy crap how did he leave that part out? Its literally were FTX got almost all of it's funds from.
It's literally propaganda to get you to support a cashless society. Thanks for calling this guy out.
Keep these up buddy. Fantastic investigating. I'd love to see a deep dive into the topic.
And people say that Soros isn't meddling with our politics. 🙄 This fing proves it!
@torsteinrocks
Жыл бұрын
Up untill a few years ago liberal/democrats wouldn't even admit he existed and anyone who said he did was silenced, fired or publicly shamed. Called a dangerous conspiracy theorist and domestic terrorist to anyone who said he existed 🤣
@teal2913
Жыл бұрын
FYI: Sam bankman-fried is Jewish, so is George Soros
Yoooo the family guy bit is absolutely KILLIN ME🤣🤣🤣🤣🤣🤣🤣🤣🤣
Can’t believe your not more popular, love the vids. Keep grinding
@gratefulguy4130
Жыл бұрын
Shadowbanned or suppressed
@00:41 are you saying she looks like Peter griffin? 😭
@gratefulguy4130
Жыл бұрын
Yes
They’re a part of the tribe. Shocking. Every Single Time.
Are you ever going to release videos that are longer than a minute or two? I miss your extended content! 😕
The new set pieces are such a far cry from what I was used to with your videos 🤣. The content was always good. Just a change I need to get used to.
@UdoADHD
Жыл бұрын
Same 😂
Narcissists sociopaths and psychopaths run the world.
@dananorth895
Жыл бұрын
And the world is one big crime organization.
@cindys1819
Жыл бұрын
The proper term is MATTOID Which for some reason had gone out of common usage in the last two decades.
@teal2913
Жыл бұрын
FYI: Sam bankman-fried is Jewish
Is mom wrote a article referring to how there should be no consequences to peoples actions a few years ago, sounds to me like he will go unpunished with their philosophy
This channel is lit. Never heard of it until this AM. Im already looking very much forward.
Just F***ing unbelievable!!!, how those two were running a company that seemed so reputable.
@teal2913
Жыл бұрын
FYI: Sam bankman-fried is Jewish, so is George Soros
This is funny and well edited
What happen to the long videos
Thank you Derek for the info 👍
my nigga larry is priceless and timeless. ehhh i dont think so and im never wrong about this stuff, NEVER!! Lmfao omg i can stop crying and laughing.
The Stanford and MIT thing kinda explains everything 🤣
love this content
All small hats
I think he and Soros should make their motto be: "Creeps of the world unite!"
@teal2913
Жыл бұрын
FYI: Sam bankman-fried is Jewish so is George Soros
@rogerscottcathey
Жыл бұрын
@@teal2913 : So what? What's that have to do with anything?
@teal2913
Жыл бұрын
@@rogerscottcathey It's just for your information. There's a pattern, most of these people tend to be jewish
Sam is going to give up the Ham, it's going to get boned ..
Tell ‘em bro! 1st
This video doesn't explain the title
I knew I liked this guy for a reason
He better be indicted in DC... Then he Will walk free!
You should do an analysis of SBF previous interviews to see if he’s lying.
His wife is unbelievable…..
Should react to his interview on MSNBC and do a body language video on it.
I’m seeing a pattern here
How could people trust him because his parents were compliance officers and worked at Stanford. That means nothing shit their kids.. nothing at all. If you have kids, you know what I mean.
Hate to be that guy, but with all that money… rather other people’s money, you’d think they’d want to eat and not look so malnourished. 😬
JOOOOOOOO
And now Derek is black bagged for exposing this v_v
They are psychopaths. Grrr brrr
@teal2913
Жыл бұрын
FYI: Sam bankman-fried is Jewish, so is George Soros
Umm, so you left out a really big part of this scandal. A part so big it's obvious you did it on purpose. For whatever reason. But you still did it. And now I'm seriously questioning your channel dude.
@teal2913
Жыл бұрын
FYI: Sam bankman-fried is Jewish, he left part out too
Bitcoins are such a joke nowadays
I liked the old videos before you only did shorts and this cheesy editing
White juice 🥤 🧃 Where Kanye when u need him
even after billions & trillions go [*poof*], they will say, "Cryptonians will endure even more, for we have a sacred purpose of the crypto - long live cryptonia !"
FYI: Sam bankman-fried is Jewish
😳what da
Why does this show up as an “important” video in my notifications
Enough of these short, uninteresting videos. Start making legitimate content again.
How the rich stay rich? Hedge funds, index funds, financial analysts, etc.. It's worth saying that Sam Bankman-Fried donated to Republicans just as much money.
What about the 26 million to republicans
Why do I have a feeling Elon Musk isn’t part of this video?
@gratefulguy4130
Жыл бұрын
Probably because he's not relevant to this discussion.
@peterjohnjoseph
Жыл бұрын
@@gratefulguy4130 I’d say the man who advocated for an entire political party on the social media app he now owns is “an elite helping politicians stay in power”. It also has the added benefit of lowering his taxes and getting him even more government subsidies that belong to actual struggling business’. But, im sure this video has no bias. Like “does Biden have dementia” before it.
@gratefulguy4130
Жыл бұрын
@@peterjohnjoseph @PJ you know your perception has been manipulated when "curbing one party's monopoly on power" becomes "advocated for one party". Also, you apparently don't understand politics if you think thay red & blue are really, truly at odds with each other. The only reason they really care at all now is that people who oppose that uniparty have been slowly trickling in to "the right" side of politics. The establishment remains the same. They want to go back to that & the left offers them the best chance for that right now.
You might think about focusing on what you're good at. This video wasn't informative and the little "meme" stuff you tried putting in weren't funny and just wasted the runtime.
If you are reading this you should subscribe to this channel if you have not done so!