The Strange Details of the FTX Scandal

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  • čas přidán 15. 11. 2022
  • Taken from JRE #1899 w/Yannis Pappas:
    open.spotify.com/episode/6l4E...

Komentáře • 11K

  • @dashhitcray1043
    @dashhitcray1043 Před rokem +9612

    We live in a time where people commit horrid crimes, famous people sit on podcasts and talk about it and ABSOLUTELY NOTHING gets done about it. How does no one find this insane?

    • @King-O-Hell
      @King-O-Hell Před rokem +4

      The system is too corrupt to go after corruption. It is insane, no doubt.

    • @mutluevkadini
      @mutluevkadini Před rokem +748

      The parent’s guy are both lawyers with jewish background 😅 he secured himself very well legally and screwed everyone else 😅 an other Madoff

    • @peterlynchchannel
      @peterlynchchannel Před rokem +153

      Why do you think nothing is being done?

    • @archaicsage4803
      @archaicsage4803 Před rokem +342

      We are the ones letting it happen, brother.
      We are...

    • @sativacation
      @sativacation Před rokem +284

      I’M GAY

  • @jeffreybulliner2721
    @jeffreybulliner2721 Před rokem +6813

    "We have strong opinions and no information" excellent line 😂😂😂

    • @user-hd8cf8bu5y
      @user-hd8cf8bu5y Před rokem +4

      Here is the full clip :joe deleted footage (concerning) ‎‎‎
      czcams.com/video/2xOlGb0n3Y8/video.html

    • @theTeflonDon1
      @theTeflonDon1 Před rokem +26

      Except we do have information

    • @jeffreybulliner2721
      @jeffreybulliner2721 Před rokem

      And speaking of which, while it means nothing, my brain breaks when I realize that this also happens while this is going on...
      czcams.com/video/CDDlWKSQvS8/video.html

    • @ThatGuyChrisYT
      @ThatGuyChrisYT Před rokem

      I made a compilation of Joe Rogan making animal noises: czcams.com/video/vV00yORep-Y/video.html

    • @Adolf_Meowtler
      @Adolf_Meowtler Před rokem +40

      that's your average voter. yes democracy sucks.

  • @africanboi4542
    @africanboi4542 Před rokem +610

    Stock market rally run is over but I don't kFnow if stocks will quickly rebound, continue to pull back or move sideways for a few weeks, or if conditions will rapidly deteriorate.I am under pressure to grow my reserve of $250k.

    • @anniezeng4587
      @anniezeng4587 Před rokem +4

      Building a good financial-portfolio is more complex so I would recommend you seek professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams..

    • @kaylawood9053
      @kaylawood9053 Před rokem +3

      Started investing 2021 and that same year I pulled a profit of about[$600,000]profit with no prior investing experience, basically all I was doing was seeking guidance from a financial-advisor, so you don't necessarily need to be a perfect investor, just have a professional assist you

    • @kaylawood9053
      @kaylawood9053 Před rokem +3

      @@hushbash2989 The advisor I use is Lucy Holden Coyle she's actually quite known, so you could just search her as she has years of financial market experience

    • @ayamblaze8924
      @ayamblaze8924 Před rokem +2

      Thank you for this amazing tip. I verified her and booked a call session with her. She seems Proficient.

    • @vineleak7676
      @vineleak7676 Před rokem +3

      Buy rental real estate in a strong republican state with fixed rate loan...

  • @MarieAntoinetteandherlittlesis

    “We have strong opinions and no information” is the most self-aware that I think Joe Rogan has ever been. It’s refreshing to hear someone say how 99% of the Internet, sometimes including me, operates on a daily basis.

  • @timeout3033
    @timeout3033 Před rokem +223

    I'll call it now:
    Bankruptcy, short prison sentence, followed by huge Netflix deal.

    • @wills2140
      @wills2140 Před rokem +2

      That is kinda the modern way.
      (;

    • @letsdothis9063
      @letsdothis9063 Před rokem +2

      Yup.

    • @jonfromsyracuse
      @jonfromsyracuse Před rokem

      Of course. Just look at the way NYT, WaPo and Vox have covered him since. If he was not such an ardent Dem supporter, they'd be raking him over the coals in an instant. But, because his lack of ethics helped them? Completely different treatment.

    • @malachi-
      @malachi- Před rokem +5

      I doubt there will be any prison.

    • @timeout3033
      @timeout3033 Před rokem

      Netflix has likely already reached out to him. Or, at least they are planning when it's appropriate to do so.

  • @chrismas5338
    @chrismas5338 Před rokem +2083

    The amount of political donations FTX made and then tanked, definitely warrants an investigation.

    • @nothingtoloselol
      @nothingtoloselol Před rokem +3

      The leftist government isn't going to investigate themselves lol.

    • @justingreaves6769
      @justingreaves6769 Před rokem

      They where bribes mate. Nothing will happen to him now he’s in the democrat purple circle

    • @aljosailic9725
      @aljosailic9725 Před rokem +267

      Yes,they will investigate themselves and find they did nothing wrong

    • @mt8474
      @mt8474 Před rokem +29

      Just look into Mind the Gap and it'll make sense how all this happens but that is only one of the thousands of funnels for taxpayer dollar.

    • @1stofer
      @1stofer Před rokem +106

      8 (D) senators and 3 (D) house members took money from FTX for their mid term campaigns..

  • @burkebaby
    @burkebaby Před rokem +1

    Joe my Joe. Awesome job on the show! Been a fan for a while. Keep it up and always respect you. Honest and true to the actual true talk. So genuine man. So genuine.

  • @jayjustfishin
    @jayjustfishin Před rokem +20

    “FTX is a stable currency”
    -Hell Ricky I was high when I said that!

  • @christinealthaea
    @christinealthaea Před rokem +1206

    If you go deeper down the rabbit hole, you find out that the whole thing was a sham. There is no possible way he was this young kid that simply made some mistakes. It was a very well-thought out and technically advanced scam. Many victims (full companies) are surfacing with their stories. More info coming to light daily...

    • @FonderTomato13
      @FonderTomato13 Před rokem +133

      It so sketchy SBF's mom is a major donor for the Dems. That Caroline's father use to be the SEC's boss....

    • @jpnewman1688
      @jpnewman1688 Před rokem +1

      Really?? How come billions of suckers are still willing to 🙏, work, fight, kill and die for the fiat 💵 created out of NOTHING by BANKERS everyday?? 💯💯😂😂

    • @renaudtheis1197
      @renaudtheis1197 Před rokem

      One can only imagine what would unravel if the investigative power used on the mueller investigation was directed to this ? Mind boggling. But it won’t.

    • @energeez
      @energeez Před rokem +39

      new york times sets the agenda.

    • @coopermccormick
      @coopermccormick Před rokem +55

      Exactly. They've done a good job watering this thing down. Good lord, let me fill in for Jaime for a few days.

  • @austinpayne4488
    @austinpayne4488 Před rokem +98

    "Strong opinion, Zero information."
    My new mantra! LOL

    • @Johnzen03
      @Johnzen03 Před rokem +6

      Isn’t that the internet and modern day journalism?

  • @oh_rhythm
    @oh_rhythm Před rokem +19

    one of the best examples of healthy communication between adults i've seen in a while.
    practical, down to earth and intellectual

  • @Laura-bq4um
    @Laura-bq4um Před rokem +27

    love how he pronounced "wunderkind" right by accident and then the other guy corrected him incorrectly.

    • @firerabbit2659
      @firerabbit2659 Před rokem +5

      The other guy is really good at being sure and wrong at the same time.

    • @epr1
      @epr1 Před rokem +2

      Blind leading the blind on this podcast. It would have been great if he used his resources to get someone who understood a damn thing about economics on his show before talking about it

    • @waldarbeiter352
      @waldarbeiter352 Před rokem

      haha ja wie überzeugt er es falsch ausspricht😄

  • @splitfinger7719
    @splitfinger7719 Před rokem +587

    The fact nobody has been arrested yet speaks volumes

    • @alfredoma5015
      @alfredoma5015 Před rokem +29

      When the judge, jury and executioner is implicated who’s head is really going to roll? I mean maybe SBFs, they’re going to all point the finger

    • @daebak7370
      @daebak7370 Před rokem

      We have always had organized criminals running the world. It's only now coming to light.

    • @Lazy_Marksman84
      @Lazy_Marksman84 Před rokem +3

      Had no federal control or guidlines.

    • @maybeaspider3456
      @maybeaspider3456 Před rokem

      because the perpetrators are white jews who help democrats. they would NEVER go after someone who checks those boxes. I love that Yannis knew exactly what the grift was and how simple he broke it down. It's almost like he has something major in common with the people who ran this whole scheme lmfao kanye was right

    • @stephenlflf3871
      @stephenlflf3871 Před rokem

      lol he was meeting with Gary Gensler who is the head of the SEC.....This comedian knew right away to ask the right questions.."Where did he get the money?" "How exactly is he making his money?"....but the head of the SEC who job it is to investigate finicial fraud...didn't think to ask those basic questions? Obviously the ftx guy wouldn't answer the questions which would be obbiously red flags thata he is doing something shady...so thats when a non corrupt sec would start investigating and potentially halting the exchange to PROTECT THE PEOPLE....instead they let him fuck over the people....while he gave money to the rich....

  • @seventhform
    @seventhform Před rokem +736

    FTX was also a partner to the WEF. This goes down a deep rabbit hole.

    • @henryjohnson-ville3834
      @henryjohnson-ville3834 Před rokem

      So you think Sam was a puppet installed to dump crypto so the pr!ck elites buy up all the crypto?

    • @louis-etiennebelangergagno5514
      @louis-etiennebelangergagno5514 Před rokem

      Why do you assume it's a grand plan? People fucking suck and can't get anything right and above all of that, people can't keep a secret to save their lives.

    • @louis-etiennebelangergagno5514
      @louis-etiennebelangergagno5514 Před rokem +29

      The only thing you see happening now is more intelligent people finessing less intelligent people.

    • @RR-et6zp
      @RR-et6zp Před rokem +4

      they lost $11 billion of client money and did Emsam drugs etc,

    • @jpnewman1688
      @jpnewman1688 Před rokem +70

      @@bombermanCC yup.. Now uncle Sam can use this "crisis" to fool all the 🐑 🐑 to adopt the new "Fed coin"..💯💯😂😂

  • @DramaScenes1
    @DramaScenes1 Před rokem +33

    Best part of this video is Joe finding out about the word Shambolic.

    • @stevesherman1743
      @stevesherman1743 Před rokem

      Disorderly or chaotic

    • @BlvckPvnthv
      @BlvckPvnthv Před rokem +4

      I was looking for this comment 😂

    • @Bouch1018
      @Bouch1018 Před rokem

      Never heard it before either. I’m definitely gonna use it.

  • @bobsanders4802
    @bobsanders4802 Před rokem +250

    He’s so generous he gave away other peoples money 😂

    • @DJOverpar
      @DJOverpar Před rokem +35

      Just like the Government!

    • @wozman93
      @wozman93 Před rokem +13

      @@DJOverpar beat me to that one!!

    • @bweaver760
      @bweaver760 Před rokem

      Socialism is when you spend other people’s money that cause shortages and then causing over inflated costs for basics!!!

    • @grotesquehead322
      @grotesquehead322 Před rokem +5

      @@wozman93 same here.

    • @kingboy280
      @kingboy280 Před rokem +1

      Mr. Beast syndrome

  • @oghoenuku6994
    @oghoenuku6994 Před rokem +5

    "as an economist" had me laughing 🤣🤣

  • @kristen21023
    @kristen21023 Před rokem +17

    Funny how the political donations get excluded from other MSM coverage.

    • @TheRandomshite123
      @TheRandomshite123 Před rokem

      Because its irrelevant, no one talks about dodgy donors because both sides have them and it makes everyone look bad

    • @C-OBrien
      @C-OBrien Před rokem +1

      He also donated to both the RNC and the DNC to cover all his bases so it’s not like he actually had any sort of allegiance to them

  • @tinavandenheuvel8888
    @tinavandenheuvel8888 Před rokem +390

    He knew EXACTLY what he was doing! His entire family is tied into this.

    • @sullysullster8217
      @sullysullster8217 Před rokem +17

      Yup and Rogan running cover for these sheisters.

    • @connorjohn5013
      @connorjohn5013 Před rokem +15

      @@sullysullster8217 he likes smallhat people

    • @guitarjeff5775
      @guitarjeff5775 Před rokem +20

      His Aunt was working for the WEF!

    • @RM-lk1so
      @RM-lk1so Před rokem +14

      ABSOLUTELY. With help and Guidance from the Clintons.

    • @positrack99
      @positrack99 Před rokem

      Dude is straight trash. Fake currency is only good for money laundering. How many children were exploited or abused thanks to this guy washing money for the underground.

  • @Stefluxuries
    @Stefluxuries Před rokem +609

    Money went from congress to Ukraine, came back from Ukraine through these tokens to the democrats mostly via donations. That’s the whole story..

    • @guanabacoaguajiraguanabaco3280
      @guanabacoaguajiraguanabaco3280 Před rokem

      Yeah. The whole Ukraine- Democrat donation money laundering scheme wasn’t even mentioned.

    • @mehrshadvr4
      @mehrshadvr4 Před rokem +13

      Lol you do know the donations can't be used for personal use right? The FTX was hopping for a bail out. That's why they were donating money to candidates.

    • @traindr12
      @traindr12 Před rokem +114

      @@mehrshadvr4 dude - I have some ocean front property in Iowa to sell you!

    • @skimask5911
      @skimask5911 Před rokem

      @@mehrshadvr4 Donations are used for whatever they want. Pelosi is openly doing insider trading and nobody does anything about it.

    • @brandonmccall7687
      @brandonmccall7687 Před rokem +66

      @@mehrshadvr4theyre not suppose to be used for personal use, but they are....

  • @MiSambra
    @MiSambra Před rokem +107

    It's been a while since I listened to Rogan. I'm thrilled Jamie is allowed to speak more than 3 words an episode now. That boy has really come a long way.

    • @chadjones3214
      @chadjones3214 Před rokem +1

      LOL I agree Jamie's the goat!!!

    • @divinecommerce3912
      @divinecommerce3912 Před rokem +6

      He hit the new CDC Guidelines for Development.

    • @beentheredonethat5908
      @beentheredonethat5908 Před rokem +3

      Lol, I know it seemed he didn't talk a lot before, but he speaks the same amount now. Jamie knows internet, crypto, stocks, stuff like that. He only speaks when those issues come up.

    • @mattb6646
      @mattb6646 Před rokem

      Perhaps Jamie doesn't want to talk... or he knows the history of redban

    • @jasonrummel3439
      @jasonrummel3439 Před rokem +1

      Agreed. 100% earns earns his input

  • @michaelhoffman176
    @michaelhoffman176 Před rokem +1263

    Joe is refreshing. He's reading something live, comes across a word he doesn't know, stops and looks it up. Kudos.

    • @chelseachelseafcsuperfan7220
      @chelseachelseafcsuperfan7220 Před rokem +39

      That’s just what curious people do

    • @potawatomimko6108
      @potawatomimko6108 Před rokem +77

      Surround yourself with those people. Because those are normal humans.

    • @F8...
      @F8... Před rokem +12

      @@potawatomimko6108 for real...I'd ask who would just stop right there and go no further due to a lack of understanding easily gained...but I think the state of our country speaks contrary to that 🤦‍♂️

    • @drewbreyer3900
      @drewbreyer3900 Před rokem +11

      Except that he doesn't know any of the details about what happened. He's sloppy here and makes many reaches in his assumptions. Should have made a disclaimer saying i don't understand any of this before stumbling through telling it.

    • @ronniebartkoviak5473
      @ronniebartkoviak5473 Před rokem +47

      @@drewbreyer3900 he did they were joking that they knew nothing about it and weren't economists!! They literally said they were not qualified Don't you listen

  • @benamer9857
    @benamer9857 Před rokem +3

    😂 JR finding the word Shambolic for the first time.

  • @planetaryhealth393
    @planetaryhealth393 Před rokem +39

    FTX is the catalyst to regulating the industry. Total control stuff like today's banks.

    • @Tucanforpres001
      @Tucanforpres001 Před rokem

      Duh cause crypto is dumb and this was gonna happen eventually. Regulations exist because of dumb people with dumb scams.

    • @Palemagpie
      @Palemagpie Před rokem +3

      I don't think that's a good thing. Like crypto is a shit show. But it's an isolated shitshow. Imagine if it had been all the banks taking those tokens as collateral.
      The contagion woulda been ridiculous.

    • @jazwraps7178
      @jazwraps7178 Před rokem

      It seems like several steps.. guy steals $, gov. Confiscates it. Do people get their $ back? Should be the main question

    • @lonelylantern9135
      @lonelylantern9135 Před rokem +1

      I hate conspiracy therories but i have been wondering if Bankman Fried was a black op

    • @jazwraps7178
      @jazwraps7178 Před rokem

      @@lonelylantern9135 fun fact..
      The word conspiracy theory wasn't used by the public until jfk got his wig pushed back. Then it was pushed in the news papers as a way to discredit alternative theories to the news paper. (Mind control)

  • @shadyryder5742
    @shadyryder5742 Před rokem +500

    Not to mention, he was the second largest donor in the midterms . And nobody caught it until 3 days after Election Day. That’s pretty sus.

    • @johndaniels5067
      @johndaniels5067 Před rokem

      Also, the Democratic party and Joe Biden are sending money and weapons to Ukraine and Ukraine is/was one of the biggest investors in the whole thing. Dems didn't know?... more like they laundered our tax money!

    • @GrantWeherley1
      @GrantWeherley1 Před rokem

      I ate chicken on the day of the midterms, and when the democrats won it made me realize that there is an evil cabal of chickens brainwashing us….and That’s an approximate logical equivalent to that observation. Or a simpler one is how it crashed while he was being profiled, therefore they must be related!

    • @brianayala4077
      @brianayala4077 Před rokem

      Idunno bud, seems a little out there. The fact is he got caught because his competitor was trying to knock his company out. Kinda looks like corporate warfare . Between a corporate attack and midterm manipulation... I'll go with the more plausible.

    • @brandonsanders2767
      @brandonsanders2767 Před rokem +53

      They want to make sure the real information doesn’t get leaked until it’s past relevancy

    • @glenkeating7333
      @glenkeating7333 Před rokem +19

      It shows 5 replies to this comment and when I clicked on to those comments,only one of the comments is visible. Censorship?

  • @marialeach8960
    @marialeach8960 Před rokem +55

    Politicians are SO corrupt.

  • @user-qk9yh1zp4u
    @user-qk9yh1zp4u Před rokem

    Those first 45 seconds had me dying😂

  • @heyitsrayrui
    @heyitsrayrui Před rokem +11

    This whole SBF FTX thinking he was the shit and took time to come crashing down is how I imagine everything that is WOKE will play out, if given enough time.

  • @strikingearth2947
    @strikingearth2947 Před rokem +283

    Both of SBF’s parents are compliance lawyers who teach at Stanford Law School. There’s no way he didn’t commit fraud

    • @mrbeez8631
      @mrbeez8631 Před rokem +21

      Dems.... nuff said

    • @stephanieparker7543
      @stephanieparker7543 Před rokem

      Did you see photos of them yet? 😂

    • @T.v.d.V
      @T.v.d.V Před rokem +6

      His parents are the criminal genius and the son is the muscle....

    • @patrickhayes9215
      @patrickhayes9215 Před rokem +1

      SBF and his crypto scam was a money laundering scheme for the Democratic Party. He is no genius. He is a fictitious character just like Jeffrey Epstein. Epstein was no hedge fund manager. He made no billions. He was a pimp who trafficked young prostitutes for Democrats. His whole persona was a constructed cover story. My guess is that FTX was a way to launder foreign bribes to Democrat politicians

    • @rathisuda
      @rathisuda Před rokem +1

      I found it hilarious.. Son of a police officer whose ambition is to pull off a heist ...

  • @themarchhare1376
    @themarchhare1376 Před rokem +84

    this is BARELY HALF of the story.........this goes DEEP

    • @ThatGuyChrisYT
      @ThatGuyChrisYT Před rokem

      I made a compilation of Joe Rogan making animal noises: czcams.com/video/vV00yORep-Y/video.html

    • @hellowell3743
      @hellowell3743 Před rokem

      Oh yeh. Deep into vegan polygamous nerd colonies donating millions to corrupt Democrat politicians.

    • @Johndoe14812
      @Johndoe14812 Před rokem +6

      He’s a member of the tribe Kanye is right again

  • @MrEtc31265
    @MrEtc31265 Před rokem +1

    Protect your money. And ask questions.
    Keep the hands out of your pockets.
    Great show guys.

  • @christianlopez9183
    @christianlopez9183 Před rokem +3

    “Of course its Miami, that’s where the coke is. PARTAYYY” 😂🤣😂🤣😂🤣

  • @steventribe4953
    @steventribe4953 Před rokem +398

    Crazy that these things happen and no authorities look into it , no arrests just another corrupt situation in the world brushed under the carpet

    • @JoePetrolia
      @JoePetrolia Před rokem

      Only because he's the 2nd biggest donor to Democrats.

    • @frimguy1054
      @frimguy1054 Před rokem

      There’s a picture of this Sam Bankman-Fried hanging out with Bill Clinton. If you’re on the Clinton’s side you can get away with everything

    • @jimijackson
      @jimijackson Před rokem

      If they try to legislate Bitcoin, they'll then be criticised for denying people their freedom to use their money as they wish blah blah lol people want protections and people don't want protections at the same time.

    • @effdiffeyeno171
      @effdiffeyeno171 Před rokem +43

      How many new irs agents?
      None will look at this.

    • @mutluevkadini
      @mutluevkadini Před rokem +29

      The parent’s guy are both lawyers with jewish background 😅 he secured himself very well legally and screwed everyone else 😅 an other Madoff

  • @Mackaygolf
    @Mackaygolf Před rokem +1495

    The majority of people are never going to have the opportunity to REALLY dive into this story, it gets ABSOLUTELY INSANE. The amount of institutions and entities involved is absolutely staggering. It's believed by some that the FTX funds originated from the Maxwell fortune, as in Ghislane, so, YEAH.

    • @Cryptum404
      @Cryptum404 Před rokem +120

      Joe didn’t even dive into this. He talked about NFTs which have nothing to do with the crash

    • @ThatGuyChrisYT
      @ThatGuyChrisYT Před rokem

      czcams.com/video/HhoS9rxsxQE/video.html

    • @EclecticWizard6
      @EclecticWizard6 Před rokem +83

      As a layman I'll wait for the documentary

    • @hunterellis8986
      @hunterellis8986 Před rokem +32

      Yeah, the whole thing looks shady as hell.

    • @agentcooper4627
      @agentcooper4627 Před rokem +57

      "It's believed by some" - meaning, you just made it up.

  • @MrC3471
    @MrC3471 Před rokem +330

    He should have gotten Schaub to discuss this. He’s a numbers guy.

    • @SpoonyLuvification
      @SpoonyLuvification Před rokem +6

      🤣

    • @losethos1734
      @losethos1734 Před rokem +10

      Based and P F Chang pilled

    • @denverscott37
      @denverscott37 Před rokem +8

      So is the count from sesame street

    • @stevegatesrealtor1973
      @stevegatesrealtor1973 Před rokem +3

      Sounds a little dicey…

    • @Matt-cr4vv
      @Matt-cr4vv Před rokem +1

      Listening to Schaub discuss anything with Joe is hilarious. It’s always “bold Schaub take” followed by Joe thinking differently or pushing back on what he’s said and then Schaub immediately agrees with whatever Joe has just said. It always makes me laugh. I’m sure Schaub is bright in some ways, like monetizing what he does, but boy does he cave to Joe whenever Joe disagrees with whatever he’s just said. And it’s always kinda funny to see because if you see him on something without Joe he’s usually pretty arrogant about whatever his take is, even if it’s obvious that he’s wrong. But whether it’s respect or lack of confidence around Joe it’s a 180.

  • @AP-mf4fz
    @AP-mf4fz Před rokem

    2:12 Jaime I'm gonna need you to go in and edit those throat grogle sounds my man, thats too when I'm vibin next thing I know it sounds like the flood is in my ear lol

  • @fiqargalih5610
    @fiqargalih5610 Před rokem

    Could somebody point out what explanation video was Joe talking about at the beginning of the video? A direct link to it would be awesome.

  • @davidpawson7393
    @davidpawson7393 Před rokem +64

    The deafening silence of the MSM speaks volumes yet again.

    • @MFM88832
      @MFM88832 Před rokem +3

      What are you talking abt? Everyone is talking abt this...

    • @davidpawson7393
      @davidpawson7393 Před rokem +3

      @@MFM88832 I haven't heard a peep about what they keep forgetting. Maybe they need two years to have forensics prove the experts wrong, again.

    • @Braten.111
      @Braten.111 Před rokem

      @@davidpawson7393 shhh He is a Journalist frm the Bahamas...

    • @MFM88832
      @MFM88832 Před rokem +1

      @@davidpawson7393 peep about forgetting what?

  • @MACtic1
    @MACtic1 Před rokem +38

    It gets even better. Sam's mother works at WEF. WEF had partnership with FTX. Also Ukraine gov had partnership with FTX. Connect the dots.

  • @lolatank8328
    @lolatank8328 Před rokem

    “Strong opinions and no information” that was hilarious:))

  • @ralphramsey82
    @ralphramsey82 Před rokem +13

    10:01 The best take on this whole FTX fiasco.

  • @d.c.1059
    @d.c.1059 Před rokem +382

    "As economists...", "As experts....", "As journalists..." is one of the funniest exchanges I have ever heard or seen on JRE

    • @imemberberry
      @imemberberry Před rokem +7

      _Men_ such as ourselves...

    • @DannySullivanMusic
      @DannySullivanMusic Před rokem +1

      lolol this comment rules

    • @effdiffeyeno171
      @effdiffeyeno171 Před rokem +3

      Read the name in an unusual accent.
      Some Bankman fraud.
      There's always a clue.

    • @beronz64
      @beronz64 Před rokem

      hey everyone, look right here! It's those people that buy tickets to see joe rogan

    • @jpnewman1688
      @jpnewman1688 Před rokem +4

      FTX is just another proof that human stupidity has no limits.. 💯💯😂😂

  • @GunGlutton
    @GunGlutton Před rokem +23

    Man Ye is really onto something

    • @claire111
      @claire111 Před rokem +3

      I think Chapelle said something along the lines of "Notice they always say we are anti$@m!tic, not that we are wrong". 😂😂

    • @GunGlutton
      @GunGlutton Před rokem +1

      @zia you know… that song …the one about the thing

  • @surfingsandiego92109
    @surfingsandiego92109 Před rokem +2

    That first 15 seconds is gold 😂

  • @marcoi7035
    @marcoi7035 Před rokem +1

    Id like to see the movie !!

  • @Marine0451
    @Marine0451 Před rokem +6

    "We have strong opinions and no information." Lol, that was hilarious.

  • @pinkydavis6113
    @pinkydavis6113 Před rokem +68

    He wasn’t giving his money away! He was giving other peoples money away!!!

  • @jubjub905
    @jubjub905 Před rokem +428

    They missed the key part about Ukraine putting money into FTX then FTX giving it to the democratic party. They knew exactly where their ‘donation’ was coming from

    • @pierre-4
      @pierre-4 Před rokem

      He wasn't only giving to the democrats party. He gave 44 million to democrats and 20 million to republicans. He was feeding both sides.

    • @jubjub905
      @jubjub905 Před rokem +6

      @@pierre-4 Im sure. There are only certain republicans Im sure though. The status quo supporting ones that. Otherwise there would be no discrepancy. After all there are Republicans who are involved in Ukraine that want to cover up what theyre all involved in.

    • @TWC6724
      @TWC6724 Před rokem

      @@jubjub905 Yep. What Americans have to realize is there are people on both sides that are corrupt. That’s why they are called “the establishment”. 2 wings of the same bird. They keep us divided so that they can continue their corrupt lifestyles with absolute no accountability.

    • @deserteagles5911
      @deserteagles5911 Před rokem

      @@jubjub905 those repubs are Romney Sass and some other twat I can’t remember

    • @andreashabeck1155
      @andreashabeck1155 Před rokem +11

      Source?

  • @jpatton5567
    @jpatton5567 Před rokem +985

    People who hate Joe Rogan never mention how he always prefaces his opinions by stating his lack of expertise in a topic. They make it look like he's out here giving out prescriptions

    • @legendofzelda2324
      @legendofzelda2324 Před rokem +30

      I’ve never heard people hate on Rogan much. But anyone who listens to him def knows he prefaces stuff first.

    • @kek9127
      @kek9127 Před rokem +6

      @@legendofzelda2324 Same. I think people hating on Joe Rogan usually aren't found in the wild. I have a lot of friends with different views and I haven't heard any hate on him, he's so versatile so there's something for everyone.

    • @robione8365
      @robione8365 Před rokem +8

      He doesn’t “ always “

    • @chrisbea49
      @chrisbea49 Před rokem +12

      so joe ranting about stuff he knows nothing about is fine but people who don't know him ranting about him is not

    • @jjkenneth2468
      @jjkenneth2468 Před rokem

      O great another yannis Pappis ep , didn’t know things could be so funny

  • @3648cars
    @3648cars Před rokem

    The beginning is so funny

  • @judahmac2249
    @judahmac2249 Před rokem

    I can't wait for this movie to come out🤨🤔🤷🏽‍♀️

  • @bengreen927
    @bengreen927 Před rokem +536

    The biggest thing that Joe missed is that he essentially gambled away 8 billion dollars of customer funds, when he shouldn't have even been touching those customer funds in the first place

    • @dewdew34
      @dewdew34 Před rokem

      Didn't they "loan" the money to the sister company that was obviously in trouble ? If there's no arrests or charges it's a complete scam backed by our government officials. Lawsuits are coming regardless but the money has been laundered and donated...

    • @asap5629
      @asap5629 Před rokem +2

      oh jesus

    • @TheTinKunt
      @TheTinKunt Před rokem +13

      Yeah this is the story, it’s Bernie 2.0 in that many people have lost all their money

    • @gregbernard4466
      @gregbernard4466 Před rokem +21

      Daughter of SEC president is the CEO of FTX.

    • @michaelball4595
      @michaelball4595 Před rokem +17

      @@gregbernard4466 Yep! That's the buried lead here

  • @gjnbouwmeester5860
    @gjnbouwmeester5860 Před rokem +37

    The missing money is reserved for "the BIG guy"

  • @dunner079
    @dunner079 Před rokem

    I hope this never dies this video of Joe chilling for Friedman

  • @angelmeade6927
    @angelmeade6927 Před rokem +19

    This podcast is the only thing I get happiness from in the world besides my family lol😂

    • @RobbieLG1
      @RobbieLG1 Před rokem +1

      Literally?

    • @k9is2sick
      @k9is2sick Před rokem +4

      That's a very sad life, you should change it

    • @chadjones3214
      @chadjones3214 Před rokem +4

      Getting happiness from your family is awesome, but really you should maybe try to find some sort of hobby, seriously it will really help with you enjoying life, find something you're passionate about and Chase the fuck out of it.... Good luck brother... I wish you the best man The Joe Rogan podcast is good but it shouldn't be the best thing in your life, like I said man find a good hobby and really run with it..... Good luck I hope you find happiness bro outside of the podcast ,you deserve it man.... Don't ever let anyone or yourself convince you don't....

    • @k9is2sick
      @k9is2sick Před rokem +1

      @@chadjones3214 wise words

    • @praisethesun2665
      @praisethesun2665 Před rokem +3

      @@chadjones3214 quit judging people seriously nothing wrong with people having jre as best thing in there life. Ur the problem

  • @nilfux
    @nilfux Před rokem +55

    His name is "Bank Man Fried". We're in a simulation.

    • @ruck27
      @ruck27 Před rokem +1

      @VennaRose Neo save us

    • @Drugo987
      @Drugo987 Před rokem +1

      First thing I thought

  • @Slabcorn
    @Slabcorn Před rokem +49

    Gary gentler at the SEC was a professor at MIT where SBF and the girl went to school. The girl is also the daughter of Gary ginsler's former boss at MIT.

    • @vincentv975
      @vincentv975 Před rokem +3

      funny how all of a sudden the fed is looking into a 12 week digital dollar. well played

    • @Beetcast
      @Beetcast Před rokem +2

      It's all making sense now

    • @ryanb8736
      @ryanb8736 Před rokem

      It all makes sense who funded everyone to spread lies about Trump. They weee all paid off and money came from Sam.
      On his balance sheet, it was listed as “Trump lose”. Need I say more. So his hundreds of millions of donations all went to pay people off.
      All makes clear sense now.

    • @m4inline
      @m4inline Před rokem

      There is more to it than that.

  • @Cantbuyathrill
    @Cantbuyathrill Před rokem

    Good Job, Rogan!

  • @Wrellothere53904
    @Wrellothere53904 Před rokem +6

    Joe the open mindness you displayed here is paramount to showing Americans critical thinking skills!!!

  • @michygeorg
    @michygeorg Před rokem +92

    I recommend the Cold Fusion video about this scandal. It details the lead up to the collapse up to today, and mentions some of the sketchy connections. The fallout of this all will probably take a long time to play out.

    • @tomthumbkiller
      @tomthumbkiller Před rokem +4

      As soon as he said there's a 12 minute video about it, \i was like digogo from cold fusion

    • @TinyCryptoBlog
      @TinyCryptoBlog Před rokem +5

      I'm just waiting for tge 60 Minutes piece that cones out to build public support for whatever legislation comes down the pipeline.
      It'll be full of people who were devistated by this.
      Caveat emptor.

    • @dawnsix
      @dawnsix Před rokem +2

      Cold Fusion is amazing

    • @segaoutlaw
      @segaoutlaw Před rokem

      czcams.com/video/20BEJouWBgY/video.html

    • @annetoronto5474
      @annetoronto5474 Před rokem

      Mark Moss did a video that was really good too! 👍👍👍 czcams.com/video/OYQMcYCN2EA/video.html

  • @BrandmanNetwork
    @BrandmanNetwork Před rokem +252

    People have to understand the "giving money away" is all PR to create an image. It has no real stake on whether he's a good guy or not. One of the interesting things I've observed is there's a lot of "bad" people that still genuinely want to be "seen" as good - without having to adopt good behaviors.

    • @marcuslatham703
      @marcuslatham703 Před rokem +10

      Also easier to give away vast amounts of money that isn't yours either like SBG did. Exactly like you said, great for his PR to 'give away' a big portion of 'his money'

    • @AlejandroRasmussen7
      @AlejandroRasmussen7 Před rokem

      Because people are simpletons and will automatically believe youre a good person if you do this kinds of superficial displays

    • @yes-vy6bn
      @yes-vy6bn Před rokem

      yeah, a vox journliast "leaked" all her DMs with sam and he literally outright admits multiple times that he doesn't believe in any of the charity/ethics/woke stuff he did, and he was doing it purely for PR

    • @justinburkett2063
      @justinburkett2063 Před rokem +1

      Exactly

    • @grotesquehead322
      @grotesquehead322 Před rokem +3

      It likely gives him a layer of insulation against suspicion from the most naive potential investors. As in, "this guy's definitely not some greedy scammer; look how charitable he is!".

  • @Blooger2
    @Blooger2 Před rokem +2

    Shambolic is not a new word. Teachers used it to describe my homework for years

  • @cairpreliffechair832
    @cairpreliffechair832 Před rokem +17

    His first sentences make me laugh so hard! Literally 90% of average humans don't know crud about crypto. The ones that hold it 80% don't know crud about what they are holding, either. Refreshingly honest.

    • @dontcare7086
      @dontcare7086 Před rokem +1

      The know all the buzzwords and pretend to be super knowledgeable. It's like that kid that invested 1,300 into bitcoin when it first started when he was 16 or w.e that his grandmother gave him for his birthday. He acts super knowledgeable and pretends he is some expert when he made a lucky bet on crypto with someone else's money and suddenly a high school drop out is a financial crypto expert.

    • @nikolaush3414
      @nikolaush3414 Před rokem

      So true. I am in crypto and I need to remind myself that despite Bitcoin being in the news daily, nobody has an effing clue how any of this works, in the getneral public.
      The problem is, the premise of bitcoin and decentralized finance is that people do know what they are doing and how it works, that's the "decentralization" aspect.
      This is a main fallacy of the bitcoin system

    • @justing6594
      @justing6594 Před rokem

      I know how it works. It's a pump and dump skeem. Sell you something that's basically worthless and tell you what it's worth. The rich get richer and the poor and middle class fund it. Stock market crashing? Not really. It's just the rich selling you an over evaluated stock. Now the markets dropping and guess who's buying again the rich are. Quess who's selling the poor are.Dont worry though we repeat the process around the ten year mark.

  • @0xiah
    @0xiah Před rokem +64

    It was not "a little" money. He was the second biggest donor.

  • @Techcensorshipbot
    @Techcensorshipbot Před rokem +371

    If you know the right people and do what they say, you can basically skirt any horrendous crime. If you are nabbed for whatever reason, they can also make you disappear from a fully staffed and surveilled prison. And nothing ever comes of it.

    • @jimjoneston1893
      @jimjoneston1893 Před rokem +10

      Called being wealthy can get away with anything with money

    • @jonnie2bad
      @jonnie2bad Před rokem +2

      talk more, betterer Please next time next

    • @mbutler101
      @mbutler101 Před rokem +13

      IF you get to that level, you'd never see the inside of a prision...that's just a theatrical performance like everything else. There is no 'surveillance' because the persona was never there.

    • @banditz3162000
      @banditz3162000 Před rokem

      @@jimjoneston1893 ddjcvjdjjlxhhcgjvjjjccjcjgj

    • @matthewfida7964
      @matthewfida7964 Před rokem +2

      Ex Nihilo Ad Nilil
      When you pretend to create value from nothing
      The only place it can logically return is to nothing
      Just to add a bit more by way of a Latin Dictum
      Ex Nihilo Nilil fit
      Nothing comes from Nothing

  • @staxkz_
    @staxkz_ Před rokem

    High asl rn and just realized I’m wearing the same sweater as the guest

  • @AR-sn2rg
    @AR-sn2rg Před rokem

    I thought Albany was for Albany, CA in Alameda County, where Berkeley is located. Like y’know, the Berkeley that churns out CompSci and Biz majors.

  • @liam9367
    @liam9367 Před rokem +201

    As an Irish person who uses shambolic frequently, that was hilarious to see them not knowing what it meant

    • @KPMOgre
      @KPMOgre Před rokem +7

      Ahhh, that explains a lot. Shambolic was definitely born of whiskey.

    • @bustabloodvessel5327
      @bustabloodvessel5327 Před rokem +13

      He's going full Irish with the shambolic shenanigans 🇮🇪

    • @f1aziz
      @f1aziz Před rokem +8

      I have heard British use it as well, not calling you a Brit calm down.

    • @jonathanaliff6121
      @jonathanaliff6121 Před rokem +1

      It doesn't exactly roll off the tongue. But I suppose you'd be used to that.

    • @margaretklassen172
      @margaretklassen172 Před rokem +1

      Canadian word as well.

  • @jp92382
    @jp92382 Před rokem +231

    the strangest thing about all this is that SBF/FTX was able to avoid all kinds of regulatory scrutiny while at the same time being one of the top donors to the democratic party in this mid-term election cycle... coincidence?

    • @ChrisJohnson-pq2tu
      @ChrisJohnson-pq2tu Před rokem

      Of course is it, democrats never do anything shady....

    • @Guitarwhoaa
      @Guitarwhoaa Před rokem +9

      no

    • @becklyn3
      @becklyn3 Před rokem +8

      I think not!

    • @nocrtname
      @nocrtname Před rokem

      No, crypto is the Wild West. There is shit in terms of regulation. Most coins are straight up frauds, pump and dump or ponzi schemes, ripping people off and running.

    • @nicocharvet6187
      @nicocharvet6187 Před rokem +3

      They donated to Republicans too?

  • @mbush545
    @mbush545 Před rokem +6

    It sounds kind of like the Enron scandal from the early 2000s

  • @LilMOMMAson
    @LilMOMMAson Před rokem +1

    It’s called hire an attorney to perform due diligence, Joe.

  • @jeffreygordon007
    @jeffreygordon007 Před rokem +113

    It’s much worse than that. His wife essentially admitted to criminal activity in an interview or phone call. Her dad has ties to SEC and now documents have come out that state….. The SEC is aware of your criminal activity but we are gonna give you a pass…. That’s just the tip of the crime.

    • @winxclubstellamusa
      @winxclubstellamusa Před rokem +1

      I still don’t understand what that guy actually did, can you explain it to me in a summarized but still detailed way? All I know is that he stole people’s money and then went bankrupt somehow, so the money disappeared.

    • @jeffreygordon007
      @jeffreygordon007 Před rokem +1

      @@winxclubstellamusa czcams.com/video/20BEJouWBgY/video.html
      This video explains everything

    • @winxclubstellamusa
      @winxclubstellamusa Před rokem

      @@jeffreygordon007 thank you 😊

  • @gregGould
    @gregGould Před rokem +48

    When he gets to prison he's REALLY gonna have some polyamorous relationships!!

    • @jpnewman1688
      @jpnewman1688 Před rokem +2

      Nah.. He's going to be another Epstein.. 😂😂

    • @p0llenp0ny
      @p0llenp0ny Před rokem +2

      lol he'll mysteriously "die" of a heart attack or something before he's even sentenced. A la Ken Lay. Jail is for the little people.

  • @hockyman5757
    @hockyman5757 Před rokem

    From someone who lives outside of Albany, I agree. It's a sewage filled city, damed up by corruption.

  • @paddydiddles4415
    @paddydiddles4415 Před rokem

    ‘Like a shambles’

  • @Luckyluke1906
    @Luckyluke1906 Před rokem +216

    The kid was an asset of our intelligence agency and he was used to help get legislation passed for government oversight of crypto. Period.

    • @RM-lk1so
      @RM-lk1so Před rokem +15

      I'd say a bit far reaching. But sounds like a great hypothesis.

    • @mike.b90210
      @mike.b90210 Před rokem +7

      I agree with R M. Sounds very possible but not enough info to confirm

    • @jaerockchalk3216
      @jaerockchalk3216 Před rokem +9

      dont forget also used to launder epstein/maxwell money so it was spendable !

    • @jbatt6088
      @jbatt6088 Před rokem +4

      100%

    • @ericelander9936
      @ericelander9936 Před rokem +10

      You have lurched uncontrollably into the truth.

  • @lastmerican3664
    @lastmerican3664 Před rokem

    Funny this all comes to light as soon as midterms are over...

  • @nicknomski8399
    @nicknomski8399 Před rokem

    This is the kind of thing that's really surprising until you think about it

  • @realm8286
    @realm8286 Před rokem +413

    The way he confidently said wunderkind wrongly and corrected Joe killed me.

    • @wasay456
      @wasay456 Před rokem +14

      It made me instantly think I have been saying it wrong lol...

    • @pxu156
      @pxu156 Před rokem +2

      💀💀💀

    • @spointz8936
      @spointz8936 Před rokem +7

      Has to be a deliberate troll

    • @aiyoungboy4484
      @aiyoungboy4484 Před rokem +3

      EXACTLY what I thought 😂😂 what is he thinking , WHY would that be the pronunciation of it 😂 I’m assuming it’s German but he doesn’t know that and thinks there’s an English word called “WoNdErKiNd” instead of in English, idk, just wonder kid 🤣😂

    • @Rosskles
      @Rosskles Před rokem +14

      How does someone like Joe have thousands of guests and no one has ever said shambles?! Lol

  • @pjreynoldsa1
    @pjreynoldsa1 Před rokem +42

    The democrat party accepted $40 million of stolen property: a felony, and they need to give every penny back to the the greedy people who invested in FTX.

    • @b__w_4565
      @b__w_4565 Před rokem +1

      Greedy? Bro they were just trading crypto there and got screwed!

    • @advant101
      @advant101 Před rokem

      "While SBF donated mostly to Democrats, a top executive at FTX Digital Markets, Ryan Salame, spent about $20 million to support Republicans during the same cycle, according to OpenSecrets. Some of those politicians are also returning funds." It's easy to be partisan since this clip only mentions Dems, but there's politicians on both aisles that are complicit

    • @advant101
      @advant101 Před rokem

      @@MWGui that's interesting stuff to talk about. in regards to the original claim though, "X party accepted stolen money, therefor it needs to be returned" it's hypocritical to only focus on one party that accepted the money, when both did, no?

    • @Arrogan28
      @Arrogan28 Před rokem

      Did you actually follow the full story. He donated even more money it turns out to Republican politicians.
      Read it….

  • @DarkEnergy_
    @DarkEnergy_ Před rokem

    "Shambolic" WoW a new word 😝😱😳🤣

  • @ar-sithf.austin3744
    @ar-sithf.austin3744 Před rokem

    Steve Miller Band plays..."Go on take the money and run!!!" ...."Gooo on ...." 😆

  • @LatenightNinja
    @LatenightNinja Před rokem +43

    Sbf had crazy ties to the sitting president's party giving 40 million in donations right before the midterms

    • @jayone2140
      @jayone2140 Před rokem

      And no arrest? You would be a fool 🤣 nowadays to rob a bank and go to jail than rob the world and walk free.

  • @brett3103
    @brett3103 Před rokem

    "As a journalist, whats your conclusion?" rofl

  • @otimo144
    @otimo144 Před rokem +6

    The guy got lucky on his first venture when he just so happened to have found the US and Japan crypto difference. Everything after that point was a scam lol

  • @waynecaudle2204
    @waynecaudle2204 Před rokem +241

    The thing with financial crimes is it hurts way more people than just the people that lose the money, it goes all the way through the family and friends. It is a horrible crime.

    • @KibyNykraft
      @KibyNykraft Před rokem +6

      The main problem with crypto is not that it is crypto. It is that it's even possible to trade cryptos agains fiat money. That makes crypto into just a product or stock or similar that will always swing in market value. That is like throwing away the whole potential benefit of crypto tech, which is to create a digital gold standard. Look at the basics : Bitcoin increases in value and you get more and more over time in products for one bitcoin. Much more. Bitcoin accumulates slowly by difficult "mining" and is therefore anti-inflatory. Regular money (fiat money if not based a gold standard) is instead extremely inflatory. You get less and less for each dollar by the month. The more various gangsters, politicians and other half-wits are allowed to buy and sell cryptos, the less cryptos can become a better alternative as a foundation for money value and national or world economy (Also, no, a blockchain standard does not mean that money can not be physical- you can technically print money based on blockchain standard just like you can with money printed on gold standard weight)

    • @TommyShlong
      @TommyShlong Před rokem

      So due to the fact that criminals and 'half wits' trade crypto, it's superior qualities to the USD can't be realized?

    • @mrmotl1
      @mrmotl1 Před rokem

      Poverty hurts more...

    • @mrsilver8517
      @mrsilver8517 Před rokem +5

      @@KibyNykraft You're talking nonsense.

    • @KibyNykraft
      @KibyNykraft Před rokem +1

      @@mrsilver8517 Ah, you mean "I am not even close to understanding what you wrote, so my caveman ego just wants to produce a comical strawman instead". Alternatively, start showing me some counter-arguments. Valid ones :)

  • @leylamohamed7950
    @leylamohamed7950 Před rokem +67

    A relative here in Dubai lost all his savings & the karmic part about it is, he left his wife & kids a week ago for a girl he barely met & we were all upset....I am watching every video on this topic In order to translate to her what's happening because before this, we didn't know what crypto & FTX meant.... sorry for bad grammar English is not my native language.

  • @MrNegroni
    @MrNegroni Před rokem

    How does he not know the word ‘shambolic’ hahahah

  • @JackTheMurderer
    @JackTheMurderer Před rokem +1

    Love that Joe got the prononciation of Wonderkind right first

  • @RyanMatta
    @RyanMatta Před rokem +71

    Joe there is so much more to this story. We are counting on you to do what you do and call out the BS. Please bring on the founders of NU-Genesis and see all of the evidence they have on what happened.

    • @jpnewman1688
      @jpnewman1688 Před rokem +3

      Will JR tell us who Great Satan is?? Or who the true puppets masters are?? 😂😂

  • @mater5930
    @mater5930 Před rokem +274

    It's always interesting to listen to 2 economic-journalist-scientists in conversation.

    • @sangyedorje
      @sangyedorje Před rokem +6

      Slash virologists

    • @createbelief8678
      @createbelief8678 Před rokem +3

      @@sangyedorje yep virology is based on assumptions, and you know what happens when someone assumes, it makes an ass out them and you

    • @mater5930
      @mater5930 Před rokem +3

      @GE B what do you mean "insults"? I'm playing on the jokes they made themeselves. Did you even watch the video? Lol

    • @createbelief8678
      @createbelief8678 Před rokem +2

      @GE B why do you believe you can tell people what they should or shouldn't watch, pointing out truth about controlled opposition hurts your fellzies then maybe you should stop commenting

    • @little_wonderer9290
      @little_wonderer9290 Před rokem +1

      @GE B Because they can't help themselves. They actually have a deep and desperate need to know the truth, but only in order to deny it so they can remain in their false reality. It's called "cognitive dissonance"

  • @DyslexicBrit
    @DyslexicBrit Před rokem +1

    I love how Americans hear a word from the English language that’s widely used in England and their first reaction is “that’s a new word” 😂

  • @DJ-365
    @DJ-365 Před rokem +2

    His parents knew what he was doing & how he was doing it, They should FALL along with him and every political person he gave money to MUST give it back or seize their assets.
    He is out on a signature Bond ??? THIS IS FREAKIN CRAZY ...

  • @wc8577
    @wc8577 Před rokem +67

    In short: he "copied" the tokens and sold them . He didn't have the tokens that he sold on the exchange. They were leverage trading with other people's money

    • @growmiegreenthumb8025
      @growmiegreenthumb8025 Před rokem +11

      Yes. Correct. Also besides printing coins they stole FTX customers funds to prop up Alameda capital. All their "assets" where coins tied to FTX. Not dollars gold or btc.

    • @dlions9068
      @dlions9068 Před rokem +10

      They used user funds to buy FTT through alameda, pumping that coin and therefore pumping the value of FTX. He created a ponzi scheme in that manner. Not only that but they were trading against people on their exchange. The liquidation rate there was the worst of any exchange.

    • @Stylista247
      @Stylista247 Před rokem +2

      @@dlions9068 fucking spot on dawg 🫡🔥

    • @findmeintime
      @findmeintime Před rokem

      Like CFDs

    • @fortusvictus8297
      @fortusvictus8297 Před rokem +2

      He was doing with bitcoin what the exchanges and banks do with cash all day. Whats the ratio at now? 4:1 debt power to the dollar?

  • @lukea.907
    @lukea.907 Před rokem

    I didn't know Michael Lewis was in the middle of looking into SBF... makes sense.

  • @sproutsisters5398
    @sproutsisters5398 Před rokem +21

    How many times will humans fall for the same scam over and over?

    • @karlbjorkquist7489
      @karlbjorkquist7489 Před rokem

      The greed is not only from the scammer, the scammer knows there are a ton of greedy people.
      "American Greed" TV show shows just all the ponzi schemes. I see the common theme: Scammers donate to charity and gov't.
      People who buy in are expecting easy money.

    • @thextopher
      @thextopher Před rokem +4

      For as long as greed remains a more ubiquitous trait than intelligence 😉

    • @stevesherman1743
      @stevesherman1743 Před rokem

      As many Groundhog Day’s there is in a year for Bill Murray.

    • @eliot5220
      @eliot5220 Před rokem +1

      Crypto is officially now a cult NFT
      Web 3 all that crap is a ponzi

    • @flagbabygirl
      @flagbabygirl Před rokem +1

      Over and over and over , as long as they believe money will set them free.

  • @MaxWHYz
    @MaxWHYz Před rokem +61

    Correcting wunderkind wrong was hilarious 😆

  • @mrofficecereal336
    @mrofficecereal336 Před rokem +78

    Thank you for covering this Joe!! SBF was sitting at the table with Gary Gensler crafting regulation for the crypto space while actively screwing his customers.
    The screwing isn’t surprising, but the Chairman of the SEC NOT KNOWING?! It’s just completely unbelievable!
    People are pissed at Brady, but what about Gary?!

    • @Cryptum404
      @Cryptum404 Před rokem +5

      He barely explained anything man

    • @dumbunny7986
      @dumbunny7986 Před rokem

      Sam Bankman-Fried was the second biggest donor to the Democrats for the Midterms, giving them $40 million of other people's money. He was at MIT under professor Gary Gensler, Gensler is now the SEC chairman... who was Gensler's boss at MIT? Why, that would be none other than the father of SBF's girlfriend, Glenn Ellison! Sam Bankman-Fried's aunt Linda Fried is a WEF member and FTX 'Head of Ventures & Commercial' came from the Clinton Foundation. Billions of FTX's customers dollars are now "missing". It's pretty clear that this whole thing was orchestrated not just by SBF, but higher powers in US government. BTW Ukraine was also one of his customers, so this money was American taxpayer dollars sent to Ukraine then laundered back to the Democratic party. Sickening.

    • @osmosisjones4912
      @osmosisjones4912 Před rokem

      here is the full clip:// czcams.com/video/w9Y-2uHuP8E/video.html

    • @mrofficecereal336
      @mrofficecereal336 Před rokem

      @@Cryptum404 I know, but he reaches millions. These things need exposure 🤷‍♂️

  • @Slenderirl
    @Slenderirl Před rokem +1

    I love this show

  • @RRC6490
    @RRC6490 Před rokem +26

    The fact that Joe and I are at the same reading level, but he’s as successful as he is actually makes me feel really good

    • @_RobBanks
      @_RobBanks Před rokem

      u see how stoned he was lol/ i gotta give him credit. takes balls to do what he does.