News: If This Gets Worse It's "Game Over" For The US Economy
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 15 September 2023
⏱️ 13 minutes
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Summary
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Transcript
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| 0:00.0 | Hello, Hello, Hello, Robo capitalists, hope you're well. |
| 0:02.4 | So I wanted to go through a quick thought experiment |
| 0:05.7 | based on how the U.S. economy is set up. |
| 0:11.0 | Most of you know that 70% of the economy is consumer spending. There's a lot more to it than that. In fact, I would argue that the United States economy, a lot of the Western world is set up very similar to a Ponzi scheme and to take it one step further |
| 0:29.0 | It's a Ponzi scheme that very closely resembles FTX. |
| 0:35.0 | You guys remember Sam Bankman Freed, I'm sure. |
| 0:38.5 | So I want to go over to a quick clip |
| 0:41.4 | from a youtuber named James Janie who's an absolute genius |
| 0:46.0 | an incredible incredible |
| 0:48.0 | youtuber to say the least you should definitely subscribe to the channel |
| 0:52.0 | but we're gonna look at a clip of what happened |
| 0:54.4 | based on this documentary that they did with FTX and their token FTT. And then I want to compare that to the United |
| 1:01.1 | States economy and I want to go to |
| 1:03.1 | C and B. C and we're going to connect some dots here. |
| 1:06.0 | I think you're going to find this very interesting. |
| 1:08.9 | So let's go right over to this clip, about a one or two minute clip here. |
| 1:15.6 | And again, this is from James Janney, |
| 1:18.1 | last name J A and I, |
| 1:21.1 | he does fantastic videos, probably some of the best on YouTube. I would highly recommend his channel. |
| 1:28.0 | But let's check out this most recent documentary that he did on FTX and more specifically this FTT token. |
| 1:36.0 | 29th, 2019. |
| 1:38.0 | FTS launches their token coin called FTT with a total supply of 350 million, most of which was owned by Alameda and |
... |
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