Miscellaneous News

FriedButter

Major
Registered Member
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FTX announces bankruptcy and gets “hacked” on the exact same day with more then $1 billion has already been stolen. I guess customers will now know they will receive $0 now instead of a portion of what they put in. Alongside employees who reportedly put in their life savings. These schemes would be rampant in China if they didn't slam an fist on them before it exploded in popularity.
 

Biscuits

Major
Registered Member
c88.png
It's called the fuck China week because the other 51 weeks in a year are fuck America weeks.
 

daifo

Captain
Registered Member
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FTX announces bankruptcy and gets “hacked” on the exact same day with more then $1 billion has already been stolen. I guess customers will now know they will receive $0 now instead of a portion of what they put in. Alongside employees who reportedly put in their life savings. These schemes would be rampant in China if they didn't slam an fist on them before it exploded in popularity.

Many 10s of billions of dollars were lost in crypto exchanges and banks like ftx, celcius, block fi, etc. The entire crypto market has become a huge pump n dump / scam since "wallstreet" and mainstream got involved like in the 2015s onwards
 

alfreddango

Junior Member
Registered Member
recreation:

US officials: We want you to put export controls to China. :cool:
Allies officials: :oops:, what exactly you want to export control?
US officials: Anything used for 16nm or less.
Allies officials: What? Anything?
US officials: Yes anything
Allies officials: there are a lot tools used in these foundries from US$1 screws to 60 millions dollars DUV machines. You people can't tell us to ban everything.
Allies officials: Please be more specific. What tools with what specs are exclusive to these below 16nm nodes.
US officials: Yes everything.
Allies officials:
View attachment 101696
US officials: I mean, you did it with Russia.
Allies officials: But that was because Russia invaded Ukraine. Is China taking Taiwan by military force NOW?
US officials: No now, but they can do it in the future. Better to act now and put sanctions now.
Allies officials: But that means will be using our FEW deterrence prematurely.
US officials: No because if they invade we put export controls on them.
Allies officials:
View attachment 101698
US officials: We also want you to put export controls on people working in China.
Allies officials: Wait what? You also want us to put export control on people, legally working in China? But exports control where not built to deal with that.
US officials: They are helping the enemy.
Allies officials: Are we officially in a war with China now?
US officials: No, but the CCP is the Soviet Union.
Allies officials: But is our biggest trade partner. We have our differences, but is our biggest trade partner nerveless. Unless we declare war on them. Do you want that?
US officials: Nope
US officials: Just do it.
Allies officials:
View attachment 101702
Allies officials:
This is not how we do things, please come back when you made your mind on what specifically you want to export control.

...Two weeks later. Ally official playing minigolf in the office.
View attachment 101699

Secretary:
Excuse me Sr Miguel Estevez from the Bureau of Industry and Security in the U.S wants to talk to you Sr.
Ally official after failing a hole score: GOOOD DAMN IT.

Basically, every month.

View attachment 101701

I don’t know if portraying us allies as people trying to look out for themselves is accurate.
Sure, you got politicians like the french minister of economy who criticised the us. But you also have the german foreign affairs minister who opposed the sale of the semiconductors factory to a chinese company just cause it was china.

Some people have genuinely bought into the demonisation of the prc
 

FriedButter

Major
Registered Member
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FTX announces bankruptcy and gets “hacked” on the exact same day with more then $1 billion has already been stolen. I guess customers will now know they will receive $0 now instead of a portion of what they put in. Alongside employees who reportedly put in their life savings. These schemes would be rampant in China if they didn't slam an fist on them before it exploded in popularity.

CEO took his private jet to Argentina. I guess he built a time machine to contact some of the Germans in 1945.

FTX has $50 billion in liabilities for comparison Enron had $23 billion as per CNBC.

Reuters is saying the CEO had his own personal back door to alter the company financial records including external auditors.
 

MortyandRick

Senior Member
Registered Member
CEO took his private jet to Argentina. I guess he built a time machine to contact some of the Germans in 1945.


FTX has $50 billion in liabilities for comparison Enron had $23 billion as per CNBC.


Reuters is saying the CEO had his own personal back door to alter the company financial records including external auditors.
Where's MSM yelling that is going to collapse the US economy like they did when a few Chinese banks defrauded people out of a few billion?
 

gelgoog

Lieutenant General
Registered Member
These are just signs of societal collapse. People investing in pure scams like cryptocurrency. For what it's worth I never put a single dime into it. Because I know it is pure vapor. This is just fictitious. Even fiat at least is ensured by the government backing it by force. The government can create demand by just forcing you to pay taxes with the fiat. These cryptocurrencies are all backed by nothing.
 
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