FT crypto watch jan 5th

FT crypto watch jan 5th


Cryptonauts we love you & you deserve it!  Thanks for being here crypto ing away high & low on the superhuman Pub 0x!!!  

Only the future of humanity rests on y'all, no pressure or anything lols.  What do we get today to change the fabric of in the FT??  Plenty yay!! 

Ruh roh cryptos's on the cover !!   That's never good!!  8aff89e1ff7e4fdf859efcc86b0c0ae8f74a8507831f683b63c9639e9259b03b.png LOOK at this agitprop twisting the knife.  

OK, are we awake?  Cause this is REALLY DEEPLY funny.   

Old Uncle "Orange Pill" Max Kaiser was ranting last month and said that the WSJ and the FT are really just the bibles and operating manuals on how to do kleptocratic massive financial crimes, the GIGANTIC  crimes!!  Ar ar ar!!! 

Now we can't unsee it!!! Walk with us for a moment.  Dear readers know we already whinged about Coinbase's fine being miniscule.  Are we crazy?  Well, maybe, but's let's check just on this one case.  What's a recent big ass bank scandal?? Danske bank, baby!! 98f7c0e61befe1e44bd3a41ff0674458898626f281c599f1f599e32c91af7646.pngTLDR: NOT EVEN a month ago, Danske Bank just coughed up TWO BILLION in cold hard cash to the US banking regs.    Coinbase paid a 50MM fine, the rest was promises to hire a bunch of monkees from gummint work to do nothing at Coinbase.  

Danske Bank's fine was 40x Coinbase's fine.  FORTY TIMES, 4000% !!!!!!   

Pop quiz!!! Q:  Did the Danske Bank scandal make the FRONT PAGE H-LL F$#*(&#$& NO IT DID NOT!!!  It did not even make dead trees at ALL!! 

Q:  Did the FT call Danske "dirty money??" NO, they only say money laundering.  The word DIRTY is reserved for cryptoneers only, baby.  

OK, so that's a regular Watch funny, counterpoint to the FT's drivel, erm narrative.   But wait it gets better!   Look back further, it's a layered funny: a year and a half ago, we see good ol Danske 1fd6056ba30ba46b1bc6c88da2a71f2081cc4fe5ad755e2fcdb88145252fa13f.pngYep, that's Danske, no CRIMINAL charges over that 200 billion tho!!! 

even funnier, our boy Tommie B was sued by various ripped off parties for 350 mm!!! He won this round, but they are coming back!! 

But the hilarious part!!! Remember, the FT is a MANUAL in HOW to do massive financial crime!!! VIZ Tommie!!! First, how many backhanders do you get to launder 200 billion !!!  The Bear Stearns answer was about 30% on large amounts, so!! at market rates, Tommie Burger has an extra 60 billion sloshing around SOMEWHERE!!!  Tommie  should just PAY the 350 mm civil suit!!!! ar ar ar AROOOOOO!!! 

Zoom out for the big funny, a how to steal in multiple parts:  First, launder 200 billion.  Then, quit, beat the criminal charge part.  Let the BANK take the fall for the TWO BILLION dollar FINE, THEN beat the rap in civil court, then retire undefeated on the beach with Ylang Ylang.  AH HA HA HA it's a PRIMER!!!  It's an INSTRUCTION MANUAL!!! It's a fanboy puff bit on Tommie NO WONDER HE SMILES LIKE THAT!!!! LMFAO!!!  

But, y'know, not on the FRONT PAGE, that's only for Crypto issues that are 2% of the problem, and don't call it dirty cuz y'know it's not CRYPTO.  

thanks crazy uncle Max!!  Can NOT unsee it!!!

The actual Coinbase story is, dear readers know, content free.  Liz Warren sez crypto is the choice of baddies.  Oh ya liz, so howcum Dankse bank Tradfi took a 200 BILLION rap??   Coinbase was accused of letting someone who had been charged with child sex back in the 90's get an account, which they then abused until they were caught.  

OK THAT's a bunch of CHIT.  Unlike, say, Danske bank, all authorities have to do is come to Coinbase or any other AML CEX with a warrant.   This has been happening all the time for a long time now!!! Run an ad for prostitution that is probably sex trafficking.  Pay for it in BTC that was bought at Coinbase.  The feds notice this, they get a warrant, and the CEX delivers the KYL, and the baddies get busted.  b61c4ef564e73652b9c200b515b401132f4542199a7d799c2b00c72191bbccd1.pngTLDR: the FT's bias is ugly here.  This is well known.  Zoom out for a laugh.  Danske bank laundered 200 billion of dirty money, stolen from the lives of the poor, it's always the poor.    It's a court proven fact.  Not on the front page tho. 

On the front page, we see Coinbase.  Did they launder hundreds of billions of filthy money?? NO, they just had a backlog of clients that needed extra AML.   ANY issue the Feds brought in was promptly escalated. 

Moving on.  Fabio's ECB pack of lies makes dead trees.  c8510283d50648dad5af077b77669520210cf54900f481306076282ba5fb799b.pngTLDR:  It's SUCH a great graph!!! We have to print it over and over - like the FT's agtiprop ah ha ha ha HA HA HA HA!!!!  the ONLY answer to this hallucinatory babble is this picture - The biggest, most famous central bank of all time.    Was only their money STABLE?? and DEPENDABLE??  d7a72bd5bb24393283c4c5f2fec9e45f50abab369298b23a97ab2cfd778df66f.pngAH HA HA HA !!  this is BEFORE lil britain shot itself in the foot last quarter  debacle!!!  TLDR: even Sugarfix can't spot a dead cat bounce in THAT snuff graph!!! ar ar ar !!!  LIsten to the central bank lifer!!! WHY??? 

Moving along!! Online!!  7552c354056286f7ff4cbd7c3a4833da1f123a0fd5c134c5fc492bfc42a3bf99.pngTLDR: SEC wants more info about Binance buying Voyager.  Conflate number go down, conflate some companies out of biz.  Blah blah FTX, conflate no regulation of actual crypto. 

Anti-crypto copypasta INCOMING!!! 6 billion in the Binance bank run!!  Mazars pulled out!! Conflate GENESIS!! and tweedledee and tweedledums chit fight with Barry at DCG, did we miss any rehash?? That was a fast five shots on top of three already.  

The REAL story: Only one quote matters, the one from Binance. d3743b042a9d13ae0879c79bb08cb64a9eedb6819d9990460f56e9b10b72ecc6.png

The gummint wants to see more funds in Binance US, that's about it.  The FT spin includes a kerfluffle about Binance US licensing tech from Binance, but that's about it.

 

Hey time to snooze!! We love y'all, take care of yourselves!!!  We are all edjumcated & up to date, happy dreams!! 

 

Peace out, love

Dave 

ps asking please refer a pal thanks so much

ambassador link: https://www.publish0x.com?a=WZdPKv2bKg

Love

Dave

 

 

 

 

 

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Dave Sawyer
Dave Sawyer

National Merit got this punk rocker to Oberlin, and Wall Street fintech gave up world tours and an NYU MBA. I am a Bitcoin true believer. Bitcoin is deeply revolutionary in a way we always prayed tech would be. Keep the baby Faith!


Hi, I am Dave, and I just got hooked on crypto !
Hi, I am Dave, and I just got hooked on crypto !

After decades motorcycling in NYC to work on Fintech and play punk rock, I just woke up to Cryptocurrencies and fell in love like never before! Blogging for the hell of it while learning my way through this awesome, deeply revolutionary evolution in money. Join us while we laugh and flip off the central banks and their currency debasing governments! Stack sats to the Moon, Lambo, don't reck, FUD, FOMO, wild wild west, bless Satoshi!

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