{"id":21204,"date":"2022-11-19T20:56:07","date_gmt":"2022-11-20T01:56:07","guid":{"rendered":"https:\/\/orionscoldfire.com\/?p=21204"},"modified":"2022-11-19T20:56:07","modified_gmt":"2022-11-20T01:56:07","slug":"flim-flam-man-runs-out-of-other-peoples-money","status":"publish","type":"post","link":"https:\/\/orionscoldfire.com\/index.php\/2022\/11\/19\/flim-flam-man-runs-out-of-other-peoples-money\/","title":{"rendered":"Flim-Flam Man Runs Out of Other People\u2019s Money"},"content":{"rendered":"

For years people have been trying to explain to me exactly what function crypto-currency performs.\u00a0 And for the life of me I still don\u2019t get it.\u00a0 And I\u2019m not a hundred percent sure they know either.\u00a0 The only answer I can remember is \u201cblock chain.\u201d<\/p>\n

So when I read about a crypto-exchange company called FTX that scammed it\u2019s depositors for something like eight billion dollars<\/a> I wasn\u2019t in any way shocked.\u00a0 Instead, I was gratified to hear that it seems to have specialized in Democrat investors.\u00a0 So that cheered me up a little.\u00a0 I read that Larry David and Katy Perry were fans of the company and its founder, the improbably named Sam Bankman-Fried, was the second largest donor to the Democrat Party during the mid-terms, behind only George Soros in total dollars.\u00a0 And I thought, \u201cIs there no end to the greed?\u201d<\/p>\n

The scam worked by siphoning off the funds in the depositors\u2019 accounts into a separate company called Alameda while keeping two sets of books.\u00a0 The money in Alameda was used to fund a cryptocurrency of Bankman-Fried\u2019s design.\u00a0 But when the crypto-bubble burst and FTX customers tried to remove their funds there wasn\u2019t anything left in Alameda to transfer back to FTX and the whole thing was exposed.<\/p>\n

And now I hear that maybe FTX was also some kind of money laundering outfit for the Ukrainians.\u00a0 Well, at a certain point you run out of outrage.\u00a0 Eventually we\u2019ll learn that Hunter Biden collected his billion dollars somewhere along the line.<\/p>\n

So, what\u2019s my point.\u00a0 Maybe there isn\u2019t one.\u00a0 But it definitely reinforces the idea that the people in charge are in cahoots with crooks that steal money on an industrial scale.\u00a0 And the feeding frenzy seems to be reaching a crescendo.\u00a0 Possibly they know they\u2019ve crashed the system and they want to syphon off everything they can before the collapse absorbs whatever\u2019s left.<\/p>\n

What I haven\u2019t read about yet is Bankman-Fried being arrested or indicted for such a massive fraud.\u00a0 Maybe his friends on the Left haven\u2019t figured out whether they\u2019ll be implicated in this trainwreck.\u00a0 What I have heard is some of the larger depositors complaining that lawmakers who were recipients of campaign contributions by FTX should return them as a partial recompense to the depositors who\u2019ve lost everything.\u00a0 I\u2019m guessing that that\u2019s not going to happen.\u00a0 Nancy Pelosi and Chuck Schumer really need that money.\u00a0 It would be grossly unfair to punish them for someone else\u2019s crimes.<\/p>\n

So, let\u2019s call FTX just another example of selective justice.\u00a0 January 6th<\/sup> defendants are rotting in prison cells for misdemeanors and felons who steal billions of dollars are allowed to keep their spoils and not even have to show up in court.\u00a0 Seems about right.<\/p>\n

Can I find anything positive out of this whole thing?\u00a0 Yes.\u00a0 Pretty soon even the toadies of the elites will discover that there isn\u2019t enough pie to go around even for them.\u00a0 When the ladder is pulled up, they will be left down here with us, in the cold, eating bugs.\u00a0 It should be very educational for them.\u00a0 I hope they\u2019ve managed to avoid making too many enemies among the dirt people.\u00a0 They\u2019re not good enemies to have.<\/p>\n","protected":false},"excerpt":{"rendered":"

For years people have been trying to explain to me exactly what function crypto-currency performs.\u00a0 And for the life of me I still don\u2019t get<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[136],"class_list":["post-21204","post","type-post","status-publish","format-standard","hentry","category-current-events","tag-dollars-for-democrats"],"yoast_head":"\nFlim-Flam Man Runs Out of Other People\u2019s Money - Orion's Cold Fire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/orionscoldfire.com\/index.php\/2022\/11\/19\/flim-flam-man-runs-out-of-other-peoples-money\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flim-Flam Man Runs Out of Other People\u2019s Money - 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