THE THESIS: Much more of what we see everyday is performative than we would like to believe. Take Sam Bankman-Fried for example. The Democrat’s apparent money launderer, FTX had all the marks of fraud. Zach Abaham saw it and warned against it. But, SEC regulators didn’t just ignore it, the SEC boss hung out with FTX people. The financial press lionized Bankman-Fried as a Robinhood. Ukraine invested money—formerly OUR money—in it and Democrats took $50 million out of it. Now, math has conquered lies, it was never real.

THE SCRIPTURE & SCRIPTURAL RESOURCES:

We know that God’s Word describes people in spiritual blindness. If they cannot see the very Word of God, how easy would it be for the enemy to blind them to the other lies of this world?

2 Corinthians 4:1-12

4 Therefore, since through God’s mercy we have this ministry, we do not lose heart. 2 Rather, we have renounced secret and shameful ways; we do not use deception, nor do we distort the word of God. On the contrary, by setting forth the truth plainly we commend ourselves to everyone’s conscience in the sight of God. 3 And even if our gospel is veiled, it is veiled to those who are perishing. 4 The god of this age has blinded the minds of unbelievers, so that they cannot see the light of the gospel that displays the glory of Christ, who is the image of God. 5 For what we preach is not ourselves, but Jesus Christ as Lord, and ourselves as your servants for Jesus’ sake. 6 For God, who said, “Let light shine out of darkness,”[a] made his light shine in our hearts to give us the light of the knowledge of God’s glory displayed in the face of Christ.

7 But we have this treasure in jars of clay to show that this all-surpassing power is from God and not from us. 8 We are hard pressed on every side, but not crushed; perplexed, but not in despair; 9 persecuted, but not abandoned; struck down, but not destroyed. 10 We always carry around in our body the death of Jesus, so that the life of Jesus may also be revealed in our body. 11 For we who are alive are always being given over to death for Jesus’ sake, so that his life may also be revealed in our mortal body. 12 So then, death is at work in us, but life is at work in you.

THE NEWS & COMMENT:

This explains the outline of this scandal pretty well



Here are more details

FTX Held Just $900MM In Liquid Assets Vs $9BN In Liabilities As Video Emerges Confirming Alameda Knew It Was Pilfering Client Funds

Bankman-Fried is speaking dazzle-babble and CNBC laps it up.

[AUDIO] - SBF interview on CNBC ... in hindsight, listening to his words really sounds weird. He was clearly trying to keep his own scam from being exposed by "protecting the ecosystem".

A sizzle-piece with hockey stick modeling and no one saw this as a swindle? Bankman-Fried believed that Democrat consultants and ad-writers / media buyers would “save the most lives?”

[AUDIO] - More from the FTX CEO and second biggest Democrat donor . . . second only to George Soros

A comparison and a reminder of what being mobbed-up will buy you.

The White House sanctions and arrests kids for the "crime" of building privacy tools to protect you, while "regulators" were quietly palling around with the thieves who just robbed 5 million people. The difference? The thieves were big political donors.

Fortune is correctly calling out the regulators . . .

SBF’s disgrace could make things awkward for Gary Gensler and the Democrats

“Gary Gensler blew it again. After his agency failed to warn investors about Terra and Celsius—whose collapses this spring sparked a trillion-dollar investor wipeout—the Securities and Exchange Commission chair allowed an even bigger debacle to unfold right under his nose. I’m talking, of course, about the revelation this week that the $30 billion FTX empire was a house of cards and that its golden boy founder, Sam Bankman-Fried, is the crypto equivalent of Theranos’s Elizabeth Holmes.

To be fair, Gensler was not the only one suckered by SBF. Nearly everyone else—myself included—fell for the narrative that SBF, with his cute afro and aw-shucks demeanor, was exactly the savior crypto needed to shake off its dodgy reputation and emerge as part of the mainstream financial system. The problem is that cop-on-the-beat Gensler not only failed to spot the crime—he appeared set to go along with a legislative strategy that would have given SBF a regulatory moat and made him king of the U.S. crypto market.

According to Washington insiders I spoke with, the reason behind SBF’s decision this summer to obtain control over BlockFi was to benefit from the troubled crypto lender’s recent settlement with the SEC—basically extending the amnesty BlockFi had received to FTX. Meanwhile, FTX’s recent tie-up with securities exchange IEX (of Flash Boys fame) would also help SBF’s empire come under the U.S. regulatory umbrella. All of this would clear FTX to have the U.S. market to itself as the company lobbied for legislation that could have torpedoed competitors like Binance as well as the emerging DeFi sector.”

BUT, Fortune also pumped this guy up as the possibly being “ The Next Warren Buffett.”