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Crypto Fraud Exposes Woke Capitalism As A Scam
Michael Shellenberger ^ | Nov 16, 2022 | Michael Shellenberger

Posted on 11/17/2022 5:47:52 PM PST by george76

click here to read article


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1 posted on 11/17/2022 5:47:52 PM PST by george76
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To: george76

Sam Bankrupt-Fraud...


2 posted on 11/17/2022 5:50:53 PM PST by fhayek
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To: george76

As a constitutional republic is supposed to restrict democracy, there should be restrictions on capitalism

Just like there once supposedly were.


3 posted on 11/17/2022 5:58:59 PM PST by algore
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To: george76

This guy doesn’t even know what “capitalism” is.


4 posted on 11/17/2022 5:59:07 PM PST by Chad C. Mulligan (CNN)
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To: george76

Get rich schemes often turn into get poor reality if you don’t know what you’re doingl


5 posted on 11/17/2022 5:59:25 PM PST by Theophilous Meatyard III (L)
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To: george76

Worth noting:

I read that FTX had the highest ESG score possible.

Worthless basis to invest!


6 posted on 11/17/2022 6:05:19 PM PST by aMorePerfectUnion (Fraud vitiates everything. )
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To: george76

“ Why do people keep falling for it?

Greed. Get rich quick. Notice the people endorsing this crap have more money than they could spend in 3 lifetimes yet they *always* need more.

It’s pathetic


7 posted on 11/17/2022 6:05:48 PM PST by NWFree (Somebody has to say it 🤪)
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To: george76

Hopefully, there are more Bankman-Fraud democrats about to go belly up.

As the central bankers raise interest rates it should ‘sniff out’ the whores addicted to cheap money.

We could use a good contraction in democrat donor money going into 2024.


8 posted on 11/17/2022 6:05:59 PM PST by unclebankster (Globalism is the last refuge of a scoundrel)
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To: george76

WWHRD?

What would Hank Reardon do?


9 posted on 11/17/2022 6:08:23 PM PST by Tijeras_Slim ( )
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To: george76

If it looks to good to be true..


10 posted on 11/17/2022 6:09:20 PM PST by Huskrrrr (Alinsky, you magnificent Bastard, I read your book!)
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To: george76

There’s a drug overdose in his future. Just speculating.


11 posted on 11/17/2022 6:12:52 PM PST by dynachrome (“We cannot save Ukraine by dooming the US economy.” Rand Paul)
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To: algore

“As a constitutional republic is supposed to restrict democracy, there should be restrictions on capitalism

Just like there once supposedly were.”

*****************

“Sometimes capitalists run out of other peoples money.”

Historically speaking, this Bankman-Fraud guy isn’t anything special.


12 posted on 11/17/2022 6:13:43 PM PST by unclebankster (Globalism is the last refuge of a scoundrel)
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To: NWFree
'more money than they could spend in 3 lifetimes yet they *always* need more.'

That's what I don't get. If I had money like that, I'd be concerned about protecting it more than growing it at a risk...
13 posted on 11/17/2022 6:19:42 PM PST by Jamestown1630 ("A Republic, if you can keep it.")
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To: george76

The biggest fraud it exposes is the media treatment of certain geniuses that fulfill their sense of who should be a genius rather than who actually is a genius. The best parallel for this situation is not Bernie Madoff, but rather Elizabeth Holmes - founder of giant fraudulent enterprise Theranos. They bought her hook line and sinker because they wanted there to be a woman tech genius.

I know next to nothing about this guy, but when I see someone who exhibits almost a painful level of eccentricity, I usually wonder how much of it is cultivated. Holmes lowered her voice and wore exclusively black clothing and liked to say that she dropped out of Stanford because it was a waste of her time, just begging her audience to fill in the blank with “she’s so brilliant that Stanford couldn’t teach her anything.”

The news media either didn’t cover this guy or they assumed he was some form of infallible genius and stopped asking questions at that point. The reporting now is not much better.


14 posted on 11/17/2022 6:38:14 PM PST by Wally_Kalbacken
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To: george76

At least during the Dutch tulip mania there actually were tulips.


15 posted on 11/17/2022 6:43:13 PM PST by redangus
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To: redangus

Tulips?

I have a NFT of a Tulip picture.

Wanna buy it?

$999,999,999,999,999.00*.

It’s worth it, I swear!

*Sorry, I won’t take crypto currency.


16 posted on 11/17/2022 6:49:34 PM PST by isthisnickcool (1218 - NEVER FORGET!)
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To: george76

I wonder if Tom Brady got deflated?


17 posted on 11/17/2022 6:51:37 PM PST by dynachrome (“We cannot save Ukraine by dooming the US economy.” Rand Paul)
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To: george76
He ignored the political aspect of it. Specifically, the American Tax Payer money going to the Ukraine, and then the kickbacks back to Congress.

That might have been pertinent to the subject

18 posted on 11/17/2022 8:00:32 PM PST by ProudGOP
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To: ProudGOP

You realize that almost none of the aid going to Ukraine is cash, don’t you?

That is not how military aid is provided. It’s a literal “works” program for our military industrial complex.

You guys think pallets of cash are shipped to Kiev, and they “buy” Javelin Missiles with some of it.

That’s not how any of this works.


19 posted on 11/17/2022 8:17:35 PM PST by Vermont Lt
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To: george76

Next up: ESG is a FRAUD too!


20 posted on 11/17/2022 8:19:42 PM PST by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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