SBF, WEF, and the mile of red yarn
every time you think you've seen the bottom of the FTX rabbithole, the bottom drops out again
so, sam bankman fried, who funded (among god knows what else) several “public health” studies smearing ivermectin and promoting “biosafety” and “pandemic preparedness” despite having literally zero grounding or seeming prior interest in the field
(much more HERE in gatopal™ jeffery tucker’s excellent piece)
turns out to have an aunt who is a (wait for it) WEF public health acolyte.
(boy, those 3 letters sure do seem to crop up a lot these days)
well, this certainly seems to explain a bit about how THAT ball got rolling.
and has fascinating dovetails to a brother who is a lobbyist and a mom who started a PAC just as sam started alameda…
the political connections
pandering, blind acceptance of an obviously fraudulent justification like “effective altruism”
and the fascinating lack of curiosity or even rudimentary diligence among regulators despite every glaring warning sign and lack of safeguard known to man
all paint a picture that is nothing short of astonishing.
this system is either truly, mind-bogglingly inept, dazzlingly, breathtakingly corrupt, or (very probably) both.
i claim no particular knowledge about whether sam was some nefarious money launderer, funder, and go-between or if he was just a kid that got handed a jurisdiction evading financial killdozer mostly built by a crooked poker site maven that handed him unfettered cheat codes to running his own little digital zimbabwe (with a side order of take the money and run while client accounts burn)
and who was so addled by drugs
with a serious laundry list of “top 10 side effects you do not want in a financial fiduciary)
and surrounded by iffy influences
that if anyone near him had asked for $200 million to build an underwater glow in the dark reindeer farm that he would have just added a winkie emoji and wired money straight from your account on the spot,
or the answer to the question of whether this towering fraud was purpose built or assembled itself around a huge pile of free money that was irresistible to 200 different seagulls,
but there is one thing i can tell you for sure:
if this corkboard gets any more red yarn on it, i’m not sure we’re going to be able to see the pictures anymore…
I'm amazed at the crickets sounding off in response to this whole thing. You'd think the "eat the rich" types would be doing their sky-scream right now.
Goes to show yet again, it's not about wealth so much as tribe.
gato pal Tucker's piece is the best I have read - highly recommended. My favorite:
"... The FTX Future Fund’s commitments included $10 million to HelixNano, a biotech start-up seeking to develop a next-generation coronavirus vaccine ..."
Would that be the zero-testing pardigm? 30 years ago software developers used to say that users were the best beta-testers. The compliant now step in to do the alpha testing as well?