Next, on Making Sense of the Madness, the Kate's brothers will help us understand how the deep state control over elections and big tech are being deconstructed in real time.

We're going to question the mainstream narrative and expose media propaganda right now. Well, Dr. Kirk Elliott is a PhD economist and the founder of Kirk Elliott, Private Advisors.

Kirk, thanks so much for joining us.

Just curious about the FTX issues.

It just seems like every day we find out a new crypto fund or lending program is going bust.

And I just wonder, when is this going to to end is it already over or do we have more

of the bloodbath yet to see when when you look at what happened with FTX right it's uh

the company it's in exchange right but and they offered a token FTT was the, but how do people fund into the exchange?

They didn't take wires. So wires were sent to Alameda Research.

Alameda Research is one of like 100 companies in the swamp of everything that Sam owned, right?

And so $8 billion over the last three years went into Alameda research.

How much of that went to FTX?

Zero, right?

So they had a capitalization issue.

And then when, when finance decided we want to, we want to cash in some of our FTT tokens, and there wasn't any there.

It created a run on the exchange.

And I've never seen anything quite like it, right?

You saw a guy who was worth $16 billion, $72 hours later.

He was worth nothing.

It's like, oh, my word.

So I think what this is going to bring to the table, Sean, is trust issues with

cryptocurrency and exchanges across the board, right?

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