Free Republic

As Meryl Steep said in Death Becomes Her, “NOW a warning??” Joe Biden Leads ‘Critical’ Call For Game-Changing, Global Bitcoin And Crypto Rules After Shock FTX Collapse. After Sam Bankman-Fried helped Democrats avoid a red wave. NOW a warning?? The chaos created by Sam Bankman-Fried (FTX Crypto Exchange) and Alameda Research (SBF’s hedge fund) will go down in history as one of the biggest scams. And should earn a top spot on Phil Hall’s 100 Years Of Wall Street Crooks. Sam Bankman-Fried’s bankrupt crypto empire owes its 50 biggest unsecured creditors a total of $3.1 billion, new court papers show,...

The US is an inflation nation under Beijing Biden. Today, the PPI Final Demand YoY index printed for October was still agonizingly high at 8% YoY (The Fed likes to see 2% for inflation). True, PPI Final Demand YoY is down from its recent peak of 11.7% YoY in March. But notice that M2 Money YoY (liquidity) has collapsed following the Covid surge (green line). Then I have this update on Sam Bankman-Fried of FTX and Alameda Research notoriety. As Sam Bankman-Fried’s crypto empire imploded last week, costing him effectively all of his $15.6 billion fortune, other digital-asset billionaires sought...