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FTX Head of Ventures & Commercial was Amy Wu, formerly of the Clinton Foundation.

Nishad Singh, FTX Director of Engineering, gave a further 8m to Dem candidates.

And, also a former Obama CFTC guy, Mark Wetjen, was FTX Head of Policy & Regulation.

I hope some other writers (including Gato!) will cover the next sh*tshow coming down the crypto pipe, which makes FTX look like child's play ...Tether. So far I've only seen Revolver cover this in any depth: https://www.revolver.news/2022/11/sam-bankman-fried-ftx-on-steroids-is-cryptocurrency-tether-joe-biden-crypto-bcci/

The difference is that Tether isn't just a ponzi scheme and slush fund. Tether is *meant to be backed by a fixed (USD) currency metric* ...hence, "tether". That's is it's market function. If in fact, as many have suspected for the years they've been creatively dodging audits, they're actually just creating USDT with no USD backing it, then what they have done is set up as a private manufacturer of money/currency. Like a mini FED, but in the hands of scam artists (...wait, maybe that's not so different than the actual FED, but you get my point).

They're creating a thing that is meant to be matched directly to a physical US dollar (but surprise! ...it isn't), and then pumping those into the system, then cashing them out in other assets like Bitcoins. Leaving the fake currency hanging in the marketplace. So... literally printing money. And inflating the market like crazy.

Nov 21, 2022
at
8:05 PM

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