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Victor Davis Hanson - the Strange Morality of the Bay Area Billionare Left.
Posted on 11/26/22 at 7:13 am
Posted on 11/26/22 at 7:13 am
Really good takedown of phony moral lib culture.
American Greatness.
quote:
Sam Bankman-Fried is the ultimate dangerous and ridiculous expression of the most toxic and creepy culture in America. If he did not exist, he would have to be invented.
quote:
The FTX Bitcoin empire of 30-year-old CEO Sam Bankman-Fried is in shambles. Or more specifically, his “dumb game” cryptocurrency exchange has destroyed thousands of lives. Electronically, he may have robbed perhaps a million investors, and along with them hundreds of large institutional investors.
Mysteriously, only after the conclusion of the midterm elections, did we suddenly learn that this left-wing “philanthropist” and benefactor of Democratic politics, this megadonor to the quid pro quo puff-piece media, this con artist protected from federal securities regulators, had drained off, lost, hidden, or spent billions of dollars of other people’s money.
As a result, the Bahamas-basking, tax-avoiding, polyamorous sybarite, and heartthrob of progressive moralists, now claims he has no wherewithal to honor his financial commitments to his own investors. Preliminary postmortem auditors sigh that they have never encountered a greater financial mess than what Bankman-Fried has left in his wake.
How does the most sophisticated financial system in the history of civilization allow a virtue-signaling nerd to nearly wreck it? Where were the Federal Trade Commission, the Department of Justice, the IRS, and all the other alphabet soup agencies that supposedly exist so that someone like Bankman-Fried does not? Where is Merrick Garland and his special prosecutors, the FBI with its televised SWAT swoops and leg irons?
For all the performance-art boasts of simply doing good for others by doing far better for himself, Bankman-Fried may soon be revealed to be one of the great, dissolute con artists in American history. Like the infamous Charles Ponzi, “Bankman” may become our eponymous word in the 21st century for electronically driven, pyramid-scheme theft.
His Stanford-Silicon Valley moral veneer was shiny but otherwise razor thin. Yet Bankman-Fried told at least one truth when he explained to obsequious media what his ilk easily does to fool purported suckers who send him cash, while he avoided federal and media oversight: “This dumb game we woke westerners play where we say all the right shibboleths and so everyone likes us.”
quote:
Yet Bankman-Fried is merely one in a long line of Bay Area social-justice hypocrites and frauds. They share in common loud but cynical left-wing politics. They choreograph their personas to win exemption from left-wing government regulators, to guarantee puff pieces from a toady media, and to romance the rich, left-wing elite. Consider how the Washington Post gushed of the scam artist:
Harnessing the enormous wealth created by FTX, the cryptocurrency exchange that Sam Bankman-Fried had founded, they undertook a project to spend potentially billions of dollars on pandemic prevention, a long-neglected priority on Capitol Hill even amid the coronavirus crisis. The plan, drawn from the brothers’ adherence to a philosophy called effective altruism, sought to maximize philanthropic giving in ways that can have the most impact.
Bankman-Fried surely has had “the most impact.” If he had worn a suit, and said the wrong “shibboleths,” he would now be behind bars.
What were the moral seeds of FTX? Bankman-Fried grew up on the progressive, moralistic Stanford campus, the son of two crusading Stanford law professors who often wrote about morality and the dispossessed.
SBF, as he is known, was groomed and prepped at an exclusive nearby Hillsborough private academy before being packed off to MIT. Progressive souls like Bankman-Fried distrust capitalism so much that, in his case, he retreated to the Bahamas to maximize its rewards. There he embraced a hedonistic lifestyle, tax breaks and lack of regulations, all in order to better short taxpayers of hundreds of millions of dollars in income tax revenue.
Such vulture capitalism is predicated on the presumption that young, loudly left-wing Bay Area hipsters in ratty clothes are the cool “good guys” if they have deep Democratic pockets and talk of “equity” and “fairness.” And so, they use the system to defeat the system—defined in their view as toxic traditional mores and values.
American Greatness.
This post was edited on 11/26/22 at 7:18 am
Posted on 11/26/22 at 7:43 am to Bunk Moreland
Thats gonna leave a mark
Posted on 11/26/22 at 7:46 am to Bunk Moreland
VDH nails it, as usual.
Posted on 11/26/22 at 7:54 am to DownSouthJukin
VDH's podcast is excellent. Highly recommend it.
Posted on 11/26/22 at 7:58 am to Crimson
He does…every time. He’s my go to for political analysis since we no longer have Rush.
Posted on 11/26/22 at 8:19 am to Bunk Moreland
quote:
if they have deep Democratic pockets and talk of “equity” and “fairness.” And so, they use the system to defeat the system—
Yep
Posted on 11/26/22 at 8:36 am to TigerAlum1982
quote:
He’s my go to for political analysis since we no longer have Rush.
Posted on 11/26/22 at 8:41 am to Bunk Moreland
......thievery as far as the eye can see.
Posted on 11/26/22 at 8:46 am to Zarkinletch416
The LWO Globalists love the FTX debacle.....they will use FTX as an example of why the Federal Reserve and their partners in the Global Banking Cabal must implement their versions of digital currency so we're all protected from another FTX.
Posted on 11/26/22 at 8:54 am to Bunk Moreland
I'd like to hear Hanson's critique of "Effective Altruism". Of the which I'm sure that the BABL are disciples of.
Hmm, the above acronym brings to mind 'Babylon' in my mind. More religious fanaticism I reckon.
IMO, the talk is no longer about solving a problem; it's about individuals making a personal choice of exactly what the choose to believe. Satan appearing as "an angel of light" (Effective Altruism?) and belief in innate personal goodness with no need of 'salvation' as opposed to the innate flawed nature version. "...separate the wheat from the tares".
To each their own.
Hmm, the above acronym brings to mind 'Babylon' in my mind. More religious fanaticism I reckon.
IMO, the talk is no longer about solving a problem; it's about individuals making a personal choice of exactly what the choose to believe. Satan appearing as "an angel of light" (Effective Altruism?) and belief in innate personal goodness with no need of 'salvation' as opposed to the innate flawed nature version. "...separate the wheat from the tares".
To each their own.
Posted on 11/26/22 at 9:08 am to Bass Tiger
quote:
they will use FTX as an example of why the Federal Reserve and their partners in the Global Banking Cabal must implement their versions of digital currency so we're all protected from another FTX.
Sam was probably working for them.
Posted on 11/26/22 at 9:38 am to Bunk Moreland
whoever is still on Facebook...they are among the biggest idiots on the planet
Posted on 11/26/22 at 10:37 am to Bunk Moreland
He’s right about the media practically pleasuring themselves to this fat slob’s man boobs.
All because he stole other people’s money and gave it to the Democrat Party.
I wonder if anything will ever be done about it. I have my doubts.
All because he stole other people’s money and gave it to the Democrat Party.
I wonder if anything will ever be done about it. I have my doubts.
Posted on 11/26/22 at 11:04 am to Bunk Moreland
THE LEFT IS SCUM, PERIOD.
Posted on 11/26/22 at 11:47 am to Bunk Moreland
Narcissistic empaths.
Posted on 11/26/22 at 12:11 pm to Bunk Moreland
CWILL!
we need some clarification here
we need some clarification here
Posted on 11/26/22 at 1:10 pm to Bunk Moreland
quote:
What were the moral seeds of FTX?
Bankman-Fried grew up on the progressive, moralistic Stanford campus, the son of two crusading Stanford law professors who often wrote about morality and the dispossessed.
*spit*
Typical hypocritical Politburo officials.
This post was edited on 11/26/22 at 1:11 pm
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