November 12, 2022
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Kris Tyte & Sean Snodgrass
FTX Monkey Business & Eat the Rich
In this episode of Positively Pedestrian, we discuss the indictment and extradition of FTX founder Sam Bankman-Fried charged with fraud, money laundering, the downstream effects of one of the largest financial frauds of all time and the financial house of cards the global economy is built upon. Then we entertain the thought experiment of the wealthy and powerful in America turning on each other and what this type of family feud would look like in today's bizarro world of wealth and power distribution. Next we move into influence pedaling and clever bribery schemes in politics allowing the enrichment of politicians. Fiat currencies and debt as wealth global schemes, followed by more examples and remedies to deal with a wide range of monkey businesses.
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FTX founder Sam Bankman-Fried was arrested in the Bahamas on the eve of a U.S. House hearing on the crypto exchange's collapse.
Follow Up Notes
Correction on the GM dismanteling rail story, more to it than I put forward... see more here... https://www.cbsnews.com/news/the-gm-trolley-conspiracy-what-really-happened/
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The meaning of CAPITALISM is an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market. How to use capitalism in a sentence. Communism, Socialism, Capitalism, and Democracy Did you know?
Quotable
“The answer to the ultimate question of life, the universe and everything is 42.”
The quote comes from a scene early in the story. Aliens created a supercomputer named Deep Thought and ask it to answer the question of life, the universe and everything. Deep Thought mentions that it would take seven and a half million years to get the Ultimate Answer. - Extracted from & Credit to: https://mygeekwisdom.com/2012/08/11/the-answer-to-the-ultimate-question-of-life-the-universe-and-everything-is-42/
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A Manhattan jury has found two Trump Organization companies guilty on multiple charges of criminal tax fraud and falsifying business records connected to a 15-year scheme to defraud tax authorities by failing to report and pay taxes on compensation for top executives.
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The protests over the killing of George Floyd have made our institutional crisis all the more visible and worrisome, even to career military officers long experienced in dealing with instability.
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How Do Politicians Keep Getting So Rich? YouTube video by youtubber secondthought
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Financial institutions in the U.S. have announced a pilot proof-of-concept for the digital dollar.
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Find out what a sense of impending doom is and what medical and psychological conditions may bring on this symptom.
Quotable
“Think like us... You'll be a pretentions prick douchebag who in reality at the end of day has never experienced any measured success in life but genuinly cares about other people.”
Another self-deprecating and hopefully funny quote by Kris
Quotable
“Fuck smiley glad-hands with hidden agendas.”
Short Quote from the band Tool's 1996 Album Ænema Writer(s): Adam Jones, Maynard Keenan, Daniel Carey, Justin Chancellor
Quotable
“In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.”
On Jan. 17, 1961, President Dwight Eisenhower gave the nation a dire warning about what he described as a threat to democratic government. He called it the military-industrial complex, a formidable union of defense contractors and the armed forces.
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