Investigative journalist Dave Hodges returns to the program to discuss the possibility of war hitting US soil. With open borders, blackmail and corrupted politicians, America is in for tough times.
We also discuss the parallel CBDC system and how they plan on using this to sidestep anti-CBDC legislation. You can learn more or follow Dave Hodges at https://TheCommonSenseShow.com
Here’s more from Sarah Westall at Business Game Changers.
Shockingly, in a big win for the cryptocurrency exchange market, the crypto coin XRP won its court battle against the U.S. Securities and Exchange Commission. Over the past year, the SEC has waged a sweeping crackdown on crypto that’s ensnared the world’s biggest digital asset companies.
If the SEC won this court case, would it have been one step closer for the government to roll out the Central Digital Bank Currency (CBDC), backed by the World Economic Forum? In other news, Hollywood actors from the Screen Actors Guild (SAG) have begun a strike, halting nearly all production that has already stalled due to the writers’ strike.
Join Ben Chasteen and Rob Counts from The Edge of Wonder on this Friday Night Live where they will explore these topics, as well as other strange and paranormal news. Did you know:
1) Scientists discovered a mysterious radioactive rock on the far side of the moon?
2) Archaeologists uncovered Noah’s Ark codex, a calfskin parchment from 13,100 BC.
3) The largest cruise ship ever set sail. And
4) The International Space Station picked up a UFO for over 20 minutes. There’s more on this edition of The Edge Of Wonder on Rise.TV.
The collapse of Sam Bankman-Fried’s FTX/Alameda empire has been swift and spectacular. I could talk about it for hours. But there’s no time for that. Here’s a mountain of crypto-fraud mayhem crammed into 99 seconds. More from Nobody Special Finance.
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Now, if you have a bit more time — about 20 minutes — you can watch this second video that dives into more detail on this sordid scandal. Learn about Sam Bankman-Fried’s connections, not only with heavyweight politicians but also with financial leaders, including Gary Gensler, the chairman of the U.S. Securities and Exchange Commission.
Are these connections the reason Bankman-Fried hasn’t had his ass hauled into jail? After all, the Biden administration FBI can raid Donald Trump’s Mar-A-Lago home, but these agents lack the energy or focus to arrest a fraudster who ripped billions of dollars off American investors in a ponzi scheme rivaling that of Bernie Madoff?
Even if you don’t have 20 minutes, you should catch Barstool Sports’ founder David Portnoy’s tirade near the opening of this video. It’s a mouthful! More from Classic Kev.
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More evidence surfaces that FTX Founder Sam Bankman-Fried may have been using customer funds to support Democrats across the country. Balaji Srinivasin assembles the data. In 2020, the vegan SBF was the second largest donor to the campaigns of Joe Biden and other Democrats. Only George Soros ponied up more lavish outlays to the leftist rats.
Robert Gouveia provides the breakdowns, concluding that SBF and his FTX Foundation might have donated as much as $190 million to politicians, leaf-leaning non-profits, think tanks, academics, journalists and assorted riffraff. Gouveia draws heavily upon rabbit-hole research done by Genco Capital. who tweeted “When you realize that SBF was likely a left-wing agent, it all makes sense as to why SEC Chair Gary Gensler was working with SBF to obtain a ‘regulatory monopoly.’ Makes sense why Gensler has been going after Coinbase – FTX’s competitor. Gensler was finance chair for [Hillary] Clinton.”
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FTX former CEO Sam Bankman-Fried, co-founder Gary Wang and director of engineering Nishad Singh are understood to be in the Bahamas, where they are now all “under supervision” by the local authorities. What’s not clear? The current location of Dan Friedberg, the company’s chief regulatory officer. Who’s Friedberg?
He was the guy responsible for a 2008 online betting scandal involving the theft of $50 million in bettors’ funds, using “god mode.” He installed a back door in the system and was caught on camera saying as much. He never went to jail and somehow ended up at FTX, where billions are now gone.
Here, he admits to how easy it is to create counterfeit money. This is an interview where he explains how FTX basically stole Nucoin, which is a NuGenesis blockchain currency. Nugenesis is a blockchain run by AI. Very smart. The AI caught FTX stealing Nucoins’ value, so the company’s executives confronted Friedberg about it. More from NuGenesis.
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Here is an interview conducted between Hedgeye TV CEO Keith McCullough and veteran investor Marc Cohodes, who was among the first to blow the whistle and expose the shenanigans surrounding FTX. Cohodes clearly delineates SBF as a crook and says the CEO, along with his lieutenants, ran a “massive, money laundering, ponzi scheme fraud with a crypto wrapper.”
Cohodes says he presented these facts to Bloomberg News in July, but they passed on covering the story, saying it would take too long to research. No doubt, they also would have had to run loggerheads with their leftist political allies!
Here, Cohodes calls for Friedberg to be brought in for questioning, saying he could well be the mastermind behind what’s happened at FTX. Cohodes also discusses Silvergate Bank, the La Jolla, California-based bank that held the reserves of FTX. The bank saw its stock — SI — lose nearly 12 percent of its value Thursday on the New York Stock Exchange. Look for continuing losses for financial institutions, especially those that are closely tied to cryptocurrencies.
Cohodes is a legendary short-seller who got involved the hard way — he invested tons of his own money as well as convinced family and friends to invest in Data Access Systems, a fraudulent company that went belly-up. He says he’d love to run the U.S. Securities and Exchange Commission (SEC) — even just for a year or two — to “clean up lots of frauds that are out there.”
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Following the collapse of FTX, several other cryptocurrency exchanges teetered on the brink and wrestled with financial instability and possible insolvency. BlockFi has declared bankruptcy and the largest cryptocurrency platform, the Gemini Exchange, run by the Winklevoss Twins, suffered a $563 million rush in outflows on Wednesday vs. $78 million in inflows over the same 24-hour period.
Gemini did not dissolve but took supposedly “temporary” steps to limit customers’ ability to withdraw their funds. You might remember the Winklevoss twins, Cameron and Tyler, from their monumental battle with Mark Zuckerberg over Facebook.
Also on the chopping block: The Salt Lending platform. Again, it has not declared bankruptcy, but has halted withdrawals.”The collapse of FTX has impacted our business,” SALT CEO Shawn Owen said.”Until we are able to determine the extent of this impact with specific details that we feel confident are factually accurate, we have paused deposits and withdrawals on the SALT platform effective immediately.”
Here, Scott Shafer addresses the continuing financial fallout while also addressing rumors of drug-filled sexual romps and an explicit video that could be released later today.
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