Article

2022-11-23 Economy

Bankruptcy of FTX as a stage in the formation of a new global financial system

Direct Translation via Google Translate. Edited.

Commentary from the Telegram channel of econopocalypse
[ColonelCassad] Bankruptcy of FTX as a stage in the formation of a new global financial system

The collapse of the FTX crypto exchange highlighted the actions of the main financial players and gave rise to a lot of speculation on this topic. We have already given a general assessment (https://t.me/econopocalypse/116 ) of bankruptcy, and now we will analyze some interesting details.

Is there a connection between the collapse of FTX and aid to Ukraine?

Our previous studies revealed that the total amount of donations (https://t.me/rybar/31956 ) collected as if for the needs of the Armed Forces of Ukraine with the direct support of the Ministry of Digital Development of Ukraine amounted to about $64 million. under pressure from American regulators.

According to the management of the Ukrainian crypto exchange Kuna (https://t.me/rybar/31956) - some of these donations were fictitious. Ukrainian microdigits also tried to make money on NFT and issuing its own token, but these adventures did not bring the desired result due to the extremely low level of training and banal theft (https://t.me/rybar/28625 ) in the team responsible for the implementation of these projects.

The total amount of crypto donations collected for the needs of the Armed Forces of Ukraine is incomparable with the volumes that have passed through FTX. This allows us to conclude that Ukraine was simply used as a front to redirect financial flows through the FTX exchange.

Who in the US leadership was interested in covering the leadership of FTX in the bankruptcy process?

We have previously identified the main beneficiaries (https://t.me/econopocalypse/116), and now we will clarify what amounts we can talk about. The total amount of donations that the head of the FTX exchange Sam Bankman-Fried made to the US Democratic Party for the period 2021-22 was (https://fortune.com/2022/11/10/sam-bankman-fried-ftx-joe- biden-democratic-party-second-biggest-donor/ ) $39.8 million. Only George Soros donated more - $128 million.

Sam Bankman-Fried was a frequent visitor to the White House according to White House visitor logs (https://www.whitehouse. gov/disclosures/visitor-logs/ ). Some of the meetings were also attended by Mark Wetjen, Head of Policy and Regulatory Strategy at FTX. During the Obama administration, he chaired the Commodity Futures Trading Commission (CFTC).

Coincidentally, the Digital Asset User Protection Bill proposed (https://www.congress.gov/bill/117th-congress/senate-bill/4760) by the head of the Agricultural Committee in the Senate, Debi Stybenov in August 2022, suggested that the crypto market regulation function will be entrusted just to the CFTC.

Gary Gensler's Role in the FTX Bankruptcy

Sluggish Response (https://www.foxbusiness.com/markets/sec-chairman-gary-gensler-met-with-head-ftx-months-before-collapse) head of the Securities and Exchange Commission (SEC) on the bankruptcy of the century looks extremely strange. Entries in Gensler's own calendar confirm that he met with an FTX executive in March 2022.

The unique risks associated with holding digital assets and a conditional release from liability were discussed. In fact, work on going bankrupt has been going on since March.

Janet Yellen's role in regulating the crypto industry

The US Treasury Secretary has always been radical about cryptocurrencies, pointing out that they are used for illegal financing and money laundering. Now is a good time to demonstrate to the public the bankruptcy of FTX to justify total control "only in the interests of customers."

The role of Zelensky

Paradoxical as it may seem, Zelensky also had his own role to play in this performance. A meeting is scheduled for November 30 on the New York Times platform (https://www.nytimes.com/events/dealbook-summit#speakers ) with the participation of Sam Bankman-Fried, Zelensky, Zuckerberg and Janet Yellen. There is a very interesting selection of speakers.

Sam Bankman-Fried will apparently highlight the prospects for the development of the crypto industry using the example of the successful withdrawal of part of FTX funds to the Bahamas (https://beincrypto.com/sam-bankman-fried-speaking-with-janet-yellen-at-this-event/ ) , Zuckerberg, issues related to the metaverses, overall control and leadership on Janet Yellen, and Zelensky should probably personify the movement towards progress and democracy, as well as the rationale for any tough measures to achieve them.

As we can see, the US is consistently (https://t.me/rybar/27832 ) working to maintain control over the global financial system, regardless of public opinion and local losses. Although public attention is riveted on the large amount of $10 billion, in this case we are talking about much more.

Now the issue of total control of the global financial system is being resolved, which will combine classical finance, crypto and metauniverses.

https://t.me/econopocalypse/117 - zinc

Posted by badanov 2022-11-23 00:00|| || Front Page|| [15 views ] Top

#1 It's an old ruse. The first thing Joe Kennedy did as head of the SEC was pull up the ladder and lock the door behind him.

Posted by Cesare 2022-11-23 08:10|| 2022-11-23 08:10|| Front Page Top

#2 "Colonel Cassad" is several country miles outside of his lane here.

Posted by Matt 2022-11-23 14:20|| 2022-11-23 14:20|| Front Page Top