Moral Scruples and Personal Commitments The Democratic Party received over $40 million to fund FTX’s founder’s chosen candidates in the recent midterm elections. The money was laundered through Ukraine, a country not exactly known for its high standards. Left wing Democrats received the money either directly or through a shielded PAC, reports Theodore Malloch in […]
What Held Up FTT Tokens?
Air? Nothing but air. Well, maybe a drop or two of Fairy Dust. As Andy Kessler reminds his readers in the WSJ, air doesn’t hold up much. Likewise Fairy Dust. FTX’s original sin was to borrow against its own FTT token. Most of (the) platforms are now frozen and might disappear as customers caught with […]
FORCED CASHLESSNESS: The New World Order Is No Longer a Conspiracy Theory
On The Great Recession Blog, David Haggith details the plans for a cashless society and the World Economic Forum’s embrace of the “New World Order,” writing: We’re on the brink of a dramatic change where we’re about to — and I’ll say this boldly — we’re about to abandon the traditional system of money, and […]
Remember This from FTX Bankruptcy and You Can Thank Yourself Later
The fall of crypto exchange FTX is a brutal lesson in fear and greed. Not the fear of losing but the fear of missing out or FOMO. FTX founder Sam Bankman-Fried (SBM) said this on the podcast “Odd Lots” describing how venture capitalists pick investments (highlighted by Jason Zweig in his WSJ column the “Intelligent […]
Crypto Absurdity Is a Mirror of Society
In an article for Spectator World, Ben Sixsmith explains that “The worst aspects of crypto, after all, are a kind of reductio ad absurdum of the modern world.” He concludes by telling readers “The bright-eyed idealism of its early years has faded — and it deserved to. As in the case of all utopianisms, an imaginary […]