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We don't need no stinkin' regulation

 
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mac



Joined: 07 Mar 1999
Posts: 17742
Location: Berkeley, California

PostPosted: Thu Nov 24, 2022 1:40 pm    Post subject: We don't need no stinkin' regulation Reply with quote

Years of brainwashing the right about money and monetary policy, which I've heard parroted back to me by people who are smart enough to know better, has resulted in crypto-currency. The Chicago school of economists have railed against fiat currency for decades, and the current crop of under-educated, under critical thinkers in the new Republican party bought in. Literally. Like gambling, it seems to be a tax on the stupid.



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NASSAU, Bahamas — Before Sam Bankman-Fried’s $16 billion empire imploded, Margaux Avedisian remembers thinking there was something unsettling about the cryptocurrency wunderkind.

Bankman-Fried had become a legend by pushing an image of monkish aloofness, vowing to forsake the allures of his extraordinary wealth — sleeping on beanbag chairs, driving a Toyota Corolla — and to give away his fortune for the greater good.

Yet in April, when Avedisian was hired as a master of ceremonies for a conference in the Bahamas sponsored by FTX, Bankman-Fried’s crypto exchange, she saw how the 30-year-old billionaire really lived: in a guarded island compound, every need closely catered to, the world’s elite at his beck and call.


Conference guests partied in casinos where Bahamians weren’t allowed to gamble and hobnobbed with celebrity attendees, including singer Katy Perry and football veteran Tom Brady. For one party, VIPs took a boat from the island to a second, even fancier island for a feast of lobster, a private DJ concert and an open bar.

“You’re living this lifestyle of poverty, but you’re partying with Katy Perry?” she recalled thinking. “Why would you want to hang out with these celebrities if you’re so head-down trying to change the world?”


I guess it doesn't matter to the Christian right because the end of the world is coming soon and they will be lifted up above mundane things like money, theft, and poverty.
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MalibuGuru



Joined: 11 Nov 1993
Posts: 9293

PostPosted: Thu Nov 24, 2022 5:33 pm    Post subject: Reply with quote

Fried was the 3rd largest donor to the DEMOCRATS.

Fiat currency is destroying the poor and Middle class. The wealthy have benefited greatly from the printing of money.

Gold has been my choice for the apocalypse for 30 years.

Now our government is proposing it's own digital currency. Hilarious. What could go wrong there? Please expand Mac.
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mac



Joined: 07 Mar 1999
Posts: 17742
Location: Berkeley, California

PostPosted: Thu Nov 24, 2022 9:59 pm    Post subject: Reply with quote

Like I said
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wsurfer



Joined: 17 Aug 2000
Posts: 1634

PostPosted: Fri Nov 25, 2022 12:33 am    Post subject: Reply with quote

I have found a new goal in life:

Fixing Stupid

It's gonna take a while!
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real-human



Joined: 02 Jul 2011
Posts: 14834
Location: on earth

PostPosted: Tue Nov 29, 2022 8:33 am    Post subject: Reply with quote

MalibuGuru wrote:
Fried was the 3rd largest donor to the DEMOCRATS.

Fiat currency is destroying the poor and Middle class. The wealthy have benefited greatly from the printing of money.

Gold has been my choice for the apocalypse for 30 years.

Now our government is proposing it's own digital currency. Hilarious. What could go wrong there? Please expand Mac.


you idiots made citizens united so go cry somewhere else you little cry baby. He gave a million to repugnants a week or two before the elections. you were not crying about thast. the saudis gave two of trumps people 2.5 billion dollars of dark money with no strings attached. The uae gave in just one donation with pledges to also use social medai 1.5 billion to trumps top party man in 2016. That was more money than Hillary had the entire election and she still had more votes than your podophile you support love to rape children.

again you love that dark money... fry me a river so called victim party of rapist lovers.

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when good people stay silent the right wing are the only ones heard.
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