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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Пікірлер: 104

  • @robgau2501
    @robgau2501 Жыл бұрын

    That's his girl? See? There IS justice in the world.

  • @gratefulguy4130

    @gratefulguy4130

    Жыл бұрын

    🤣

  • @agoo7581

    @agoo7581

    Жыл бұрын

    Yeah. He's a piece of shit. But maybe let's not body shame?

  • @forsaken841
    @forsaken841 Жыл бұрын

    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__

    @RyanC__

    Жыл бұрын

    Amen

  • @NancyGreen8479
    @NancyGreen8479 Жыл бұрын

    Crypto has always seemed dodgy af to me.

  • @ThomasConover

    @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

    @minaryeon9259

    Жыл бұрын

    It is, but if done right you make lots of money. But not for the weak hearted.

  • @elduderino7767

    @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

  • @bmtenoch8230
    @bmtenoch8230 Жыл бұрын

    So glad I followed my gut and stayed far away from FTX

  • @craigfinnegan8534
    @craigfinnegan8534 Жыл бұрын

    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?

  • @FatChedda
    @FatChedda Жыл бұрын

    Derek is undeniably based

  • @Godisabsolutelygood

    @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

    @gratefulguy4130

    Жыл бұрын

    Most based video yet

  • @sevionus80

    @sevionus80

    Жыл бұрын

    I read your comment wrong lol GGs

  • @Jabba094

    @Jabba094

    Жыл бұрын

    Based on what

  • @Ta2dwitetrash

    @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.

  • @scottmatznick3140
    @scottmatznick3140 Жыл бұрын

    It's literally propaganda to get you to support a cashless society. Thanks for calling this guy out.

  • @scottmatznick3140
    @scottmatznick3140 Жыл бұрын

    Keep these up buddy. Fantastic investigating. I'd love to see a deep dive into the topic.

  • @PinkMarshmallows
    @PinkMarshmallows Жыл бұрын

    And people say that Soros isn't meddling with our politics. 🙄 This fing proves it!

  • @torsteinrocks

    @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

    @teal2913

    Жыл бұрын

    FYI: Sam bankman-fried is Jewish, so is George Soros

  • @patrickmarcellus991
    @patrickmarcellus991 Жыл бұрын

    Yoooo the family guy bit is absolutely KILLIN ME🤣🤣🤣🤣🤣🤣🤣🤣🤣

  • @osbornpro5159
    @osbornpro5159 Жыл бұрын

    Can’t believe your not more popular, love the vids. Keep grinding

  • @gratefulguy4130

    @gratefulguy4130

    Жыл бұрын

    Shadowbanned or suppressed

  • @UdoADHD
    @UdoADHD Жыл бұрын

    @00:41 are you saying she looks like Peter griffin? 😭

  • @gratefulguy4130

    @gratefulguy4130

    Жыл бұрын

    Yes

  • @Pieldenieve
    @Pieldenieve Жыл бұрын

    They’re a part of the tribe. Shocking. Every Single Time.

  • @riceracm
    @riceracm Жыл бұрын

    Are you ever going to release videos that are longer than a minute or two? I miss your extended content! 😕

  • @garretthorsch8143
    @garretthorsch8143 Жыл бұрын

    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

    @UdoADHD

    Жыл бұрын

    Same 😂

  • @angelabrainky7786
    @angelabrainky7786 Жыл бұрын

    Narcissists sociopaths and psychopaths run the world.

  • @dananorth895

    @dananorth895

    Жыл бұрын

    And the world is one big crime organization.

  • @cindys1819

    @cindys1819

    Жыл бұрын

    The proper term is MATTOID Which for some reason had gone out of common usage in the last two decades.

  • @teal2913

    @teal2913

    Жыл бұрын

    FYI: Sam bankman-fried is Jewish

  • @deathtodiablo7402
    @deathtodiablo7402 Жыл бұрын

    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

  • @Goodhello369
    @Goodhello369 Жыл бұрын

    This channel is lit. Never heard of it until this AM. Im already looking very much forward.

  • @marcomontecino5161
    @marcomontecino5161 Жыл бұрын

    Just F***ing unbelievable!!!, how those two were running a company that seemed so reputable.

  • @teal2913

    @teal2913

    Жыл бұрын

    FYI: Sam bankman-fried is Jewish, so is George Soros

  • @MarcusAurelius7777
    @MarcusAurelius7777 Жыл бұрын

    This is funny and well edited

  • @snowfox94
    @snowfox94 Жыл бұрын

    What happen to the long videos

  • @nitagirl614
    @nitagirl614 Жыл бұрын

    Thank you Derek for the info 👍

  • @staffordmcanuff8675
    @staffordmcanuff8675 Жыл бұрын

    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.

  • @torsteinrocks
    @torsteinrocks Жыл бұрын

    The Stanford and MIT thing kinda explains everything 🤣

  • @deadmo1
    @deadmo1 Жыл бұрын

    love this content

  • @fightmilk8613
    @fightmilk8613 Жыл бұрын

    All small hats

  • @rogerscottcathey
    @rogerscottcathey Жыл бұрын

    I think he and Soros should make their motto be: "Creeps of the world unite!"

  • @teal2913

    @teal2913

    Жыл бұрын

    FYI: Sam bankman-fried is Jewish so is George Soros

  • @rogerscottcathey

    @rogerscottcathey

    Жыл бұрын

    @@teal2913 : So what? What's that have to do with anything?

  • @teal2913

    @teal2913

    Жыл бұрын

    @@rogerscottcathey It's just for your information. There's a pattern, most of these people tend to be jewish

  • @grantmolone5739
    @grantmolone5739 Жыл бұрын

    Sam is going to give up the Ham, it's going to get boned ..

  • @B1055BH
    @B1055BH Жыл бұрын

    Tell ‘em bro! 1st

  • @iStorm-my5fp
    @iStorm-my5fp Жыл бұрын

    This video doesn't explain the title

  • @gratefulguy4130
    @gratefulguy4130 Жыл бұрын

    I knew I liked this guy for a reason

  • @janbengtsson6026
    @janbengtsson6026 Жыл бұрын

    He better be indicted in DC... Then he Will walk free!

  • @michaeljie9448
    @michaeljie9448 Жыл бұрын

    You should do an analysis of SBF previous interviews to see if he’s lying.

  • @chrisxavier3147
    @chrisxavier3147 Жыл бұрын

    His wife is unbelievable…..

  • @ancapgrandscribe9546
    @ancapgrandscribe9546 Жыл бұрын

    Should react to his interview on MSNBC and do a body language video on it.

  • @derschafer1012
    @derschafer1012 Жыл бұрын

    I’m seeing a pattern here

  • @hilbillie
    @hilbillie Жыл бұрын

    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.

  • @pollutance
    @pollutance Жыл бұрын

    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. 😬

  • @Voyeurrrr
    @Voyeurrrr Жыл бұрын

    JOOOOOOOO

  • @social3ngin33rin
    @social3ngin33rin Жыл бұрын

    And now Derek is black bagged for exposing this v_v

  • @carinbruin8362
    @carinbruin8362 Жыл бұрын

    They are psychopaths. Grrr brrr

  • @teal2913

    @teal2913

    Жыл бұрын

    FYI: Sam bankman-fried is Jewish, so is George Soros

  • @Ta2dwitetrash
    @Ta2dwitetrash Жыл бұрын

    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

    @teal2913

    Жыл бұрын

    FYI: Sam bankman-fried is Jewish, he left part out too

  • @CR0NO-NL
    @CR0NO-NL Жыл бұрын

    Bitcoins are such a joke nowadays

  • @owenrancourt6299
    @owenrancourt6299 Жыл бұрын

    I liked the old videos before you only did shorts and this cheesy editing

  • @djkatfishbeats
    @djkatfishbeats Жыл бұрын

    White juice 🥤 🧃 Where Kanye when u need him

  • @abaskamal8599
    @abaskamal8599 Жыл бұрын

    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 !"

  • @teal2913
    @teal2913 Жыл бұрын

    FYI: Sam bankman-fried is Jewish

  • @WarynAbi
    @WarynAbi Жыл бұрын

    😳what da

  • @CodeDeb
    @CodeDeb Жыл бұрын

    Why does this show up as an “important” video in my notifications

  • @djcease1996
    @djcease1996 Жыл бұрын

    Enough of these short, uninteresting videos. Start making legitimate content again.

  • @bobfg3130
    @bobfg3130 Жыл бұрын

    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.

  • @NoOne-tr2jd
    @NoOne-tr2jd Жыл бұрын

    What about the 26 million to republicans

  • @peterjohnjoseph
    @peterjohnjoseph Жыл бұрын

    Why do I have a feeling Elon Musk isn’t part of this video?

  • @gratefulguy4130

    @gratefulguy4130

    Жыл бұрын

    Probably because he's not relevant to this discussion.

  • @peterjohnjoseph

    @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

    @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.

  • @javiemilanez1288
    @javiemilanez1288 Жыл бұрын

    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.

  • @vaevictis_
    @vaevictis_ Жыл бұрын

    If you are reading this you should subscribe to this channel if you have not done so!