Again, China wins, or is that an American name?

Crossville TN

Description

Sam Bankman-Fried, the CEO of crypto exchange FTX considered the Democrats’ "newest megadonor" ahead of the 2022 midterm elections, reportedly saw around $6 billion of withdrawals within 72 hours before Tuesday morning, forcing him to sell the company to its biggest rival on Election Day. Reuters reported that Changpeng Zhao, the leader of competitor Binance, said the company signed a nonbinding agreement on Tuesday to buy FTX's non-U.S. unit to help cover a "liquidity crunch" at the rival exchange. The stunning bailout came about as American voters simultaneously went to the polls. "This is a truly crazy event in startup world. Dot-com bust level event," tech reporter Eric Newcomer tweeted of the sale. Bankman-Fried, 30, was the second-biggest individual Democratic donor this election cycle behind top-ranking liberal billionaire contributor George Soros. Though he ranked sixth on the overall list of individual donors for the 2022 midterms regarding federal contributions. * Always follow the money. American mortgage holders Just recently lost $1.3 Trillion in home equity, look that up now would you. More people will walk away from being underwater just like in 2008, add in bankruptcies and foreclosures with higher interest rates to come. The Fed is forced to bring unemployment to 10% to stop the spending. They will be unable to stop the inflation and higher energy costs, bank on it! That is what printing money out of thin air does, common sense. Delete this if you are part of the problem.