WEBVTT - The Power Shift: How Twitter Uncovered the FTX Scandal 0:00:00.200 --> 0:00:02.720 Hello, and welcome to another episode of the Mark Mos Show, 0:00:02.720 --> 0:00:06.480 where today we are talking about the signal we're seeing 0:00:06.559 --> 0:00:10.280 right now that signals the changing of the guard. Now 0:00:10.480 --> 0:00:12.640 something I've been talking about for quite a while, and 0:00:12.800 --> 0:00:15.280 it is summed up in what I've been calling the 0:00:15.400 --> 0:00:18.720 Fight of our lives. Now. I've done many talks talking 0:00:18.720 --> 0:00:23.560 about cycles and revolutionary cycles, decentralized revolution cycles. I talk 0:00:23.600 --> 0:00:26.639 about the battle for the fate of humanity. But I 0:00:26.720 --> 0:00:30.160 believe right now we are in the fight of our lives. 0:00:30.200 --> 0:00:33.320 This is we, the people versus the powers that be, 0:00:33.479 --> 0:00:35.240 the government, the state, if you want to call it that. 0:00:35.720 --> 0:00:38.400 The battle for the fight of our lives comes down 0:00:39.120 --> 0:00:41.720 to us having freedom, and ultimately it comes down to 0:00:41.800 --> 0:00:45.879 us being able to control our freedom and our rights 0:00:45.920 --> 0:00:50.159 and access to technologies. And either we get the fire, 0:00:50.280 --> 0:00:53.440 we get the technology that enables us to continue to 0:00:53.440 --> 0:00:57.360 flourish as a society, continue to think, communicate, expand become 0:00:57.360 --> 0:01:01.240 more efficient and all these things, or the state, the 0:01:01.360 --> 0:01:05.560 ever growing state, trying to hold on to power, takes 0:01:05.640 --> 0:01:09.959 control of this technology and is able to remain in 0:01:10.040 --> 0:01:12.280 power and limits our ability to have freedom. This is 0:01:12.319 --> 0:01:13.880 the fight of our lives. I talk about it on 0:01:13.920 --> 0:01:16.280 a regular basis. And the story that I'm going to 0:01:16.319 --> 0:01:20.160 break down for you today highlights this point better than anything. 0:01:20.959 --> 0:01:24.440 This is the signal that shows the changing of the guard. 0:01:24.760 --> 0:01:29.760 This story highlights, it emphasizes why all of these stories 0:01:29.760 --> 0:01:32.440 that I've been talking about, from freedom and privacy and censorship, 0:01:32.800 --> 0:01:35.840 why they're all coming to a head right now. This 0:01:36.040 --> 0:01:39.000 story puts a pin in this. And I say it 0:01:39.040 --> 0:01:41.880 all the time, right I say that technology is what 0:01:42.000 --> 0:01:45.080 changes the world. Technology is what changes the world because 0:01:45.080 --> 0:01:47.000 it changes the way that we organize, the way that 0:01:47.000 --> 0:01:51.040 we communicate, right, And this is exactly what we're talking about. 0:01:51.080 --> 0:01:53.640 We're I want to show you today how technology has 0:01:53.680 --> 0:01:56.200 done this. I want to show you how you can 0:01:56.240 --> 0:02:00.520 see how it's this technology that's rapidly changing society as 0:02:00.520 --> 0:02:03.200 we know it. There was a court case, all right, 0:02:03.280 --> 0:02:05.880 a court case that brought this right to the front 0:02:05.920 --> 0:02:09.760 of the public consciousness. If you know what you're looking at. Anyway, 0:02:09.960 --> 0:02:11.560 some people just look at it as a court case. 0:02:11.680 --> 0:02:13.200 But if you know what you're looking at, if you 0:02:13.360 --> 0:02:15.679 know where the dots are, you can start to connect this. 0:02:15.760 --> 0:02:18.280 And it's so important to understand is because it signals 0:02:18.639 --> 0:02:22.320 the shifting of the balance of power. The state has 0:02:22.320 --> 0:02:26.360 a monopoly on violence and force, but the balance of 0:02:26.440 --> 0:02:29.840 power is shifting back to us, we the people, with 0:02:30.000 --> 0:02:33.240 this technology, and we see this pendulum is swinging. It's 0:02:33.240 --> 0:02:36.200 swinging the world and its shifting back from this centrally 0:02:36.440 --> 0:02:39.520 planned the centralization of power that you and the IMF, 0:02:39.600 --> 0:02:44.000 the BIS, et cetera total control to this decentralized world, 0:02:44.040 --> 0:02:46.560 this decentralized revolution. It's in full effect. It's in full 0:02:46.600 --> 0:02:49.040 swing now. The event that I want to break down 0:02:49.080 --> 0:02:52.480 for you might not be obvious to you, but the 0:02:52.520 --> 0:02:55.320 event I'm talking about is Sam Bankman freed, SBF, the 0:02:55.360 --> 0:02:58.000 trial that just happened, the conviction that just happened. Of 0:02:58.000 --> 0:03:01.320 course SBF and the FTX crypt currency exchange. But this 0:03:01.480 --> 0:03:05.120 is not about crypto. It's not about cryptocurrencies, it's not 0:03:05.240 --> 0:03:08.959 about Ponzi schemes. It's not even about the fraud. That's 0:03:08.960 --> 0:03:11.320 the story you've already heard. What I want to show 0:03:11.320 --> 0:03:15.000 you is what this story means, what this signal is, 0:03:15.360 --> 0:03:19.160 and how this shift and how this story signals this 0:03:19.240 --> 0:03:23.040 shift in the trust that we have in institutions, the 0:03:23.240 --> 0:03:27.800 power of the crowd, how it harnesses technology and it 0:03:27.880 --> 0:03:31.520 shifts the balance of power back to us, and more importantly, 0:03:31.760 --> 0:03:35.200 it highlights the reality of the fight of our lifetimes. 0:03:35.960 --> 0:03:38.080 I know there's a lot in this story that most 0:03:38.120 --> 0:03:40.720 people just aren't understanding, so let's just go ahead and 0:03:40.800 --> 0:03:42.560 jump into it now. I do want to just shout 0:03:42.600 --> 0:03:46.320 out to Bology. Biology wrote a paper kind of breaking 0:03:46.360 --> 0:03:48.520 down a lot of these moments. I'm using his paper 0:03:48.800 --> 0:03:50.360 for some of my research. I'm going to link to 0:03:50.400 --> 0:03:54.320 it in the show notes. Shout out to Biology. Hopefully 0:03:54.360 --> 0:03:57.120 we'll be meeting up in Texas, I believe, next week 0:03:57.760 --> 0:04:00.640 at the Texas Blockchain Association. But I'm going to link 0:04:00.680 --> 0:04:02.960 to his stuff down below if you want to read 0:04:03.000 --> 0:04:07.800 his whole story. But you know, the story back to this, 0:04:08.160 --> 0:04:11.320 who has the fire? This power that we have now 0:04:11.480 --> 0:04:14.800 with this technology and right now I'm talking about the Internet, 0:04:14.840 --> 0:04:17.080 and we're going to talk about like some cryptocurrencies as well, 0:04:17.080 --> 0:04:19.680 but mainly this Internet. And I've been talking about this 0:04:19.760 --> 0:04:21.359 a lot of you. If you pay attention to my show, 0:04:21.560 --> 0:04:23.960 you know this. I covered it in a book that 0:04:24.000 --> 0:04:26.440 was written called The Revolt of the Public. I had 0:04:26.440 --> 0:04:30.839 the author on Martin Gurry. Go back to the podcast 0:04:30.839 --> 0:04:33.159 search the Mark Mass Show, search the Archives for Revolt 0:04:33.200 --> 0:04:35.960 of the Public Martin Gurry highly worth it or read 0:04:35.960 --> 0:04:39.680 the book. But basically, it's that the power of the 0:04:39.720 --> 0:04:43.720 state has always been in controlling the narrative, controlling the 0:04:43.720 --> 0:04:46.919 information that we have, controlling then what we think, what 0:04:47.000 --> 0:04:50.080 we can say. But the Internet is a piece is 0:04:50.080 --> 0:04:52.680 a piece of technology that's given us back the power 0:04:52.680 --> 0:04:55.599 to communicate without the need of the state. We no 0:04:55.640 --> 0:04:59.880 longer need the states approved TV channels or radio channels. 0:05:00.000 --> 0:05:02.960 They have control over the SEC or the newspapers, and 0:05:03.000 --> 0:05:05.800 now independent people like me could just create a channel 0:05:05.800 --> 0:05:09.120 and start putting on information. And it's that ability for 0:05:09.200 --> 0:05:13.280 us to quickly spin up information, citizen journalism, the ability 0:05:13.279 --> 0:05:16.960 for us to discuss these ideas, that's changed this balance 0:05:17.000 --> 0:05:18.920 of power. And like I said, it's never been more evident. 0:05:19.000 --> 0:05:22.000 So we're talking about the SBF case and it's sort 0:05:22.040 --> 0:05:24.840 of like if you grew up on watching Scooby Doo 0:05:25.080 --> 0:05:26.680 like I did. At the end of the Scooby Doo, 0:05:26.760 --> 0:05:29.599 it was like the Mystery Machine. They would go do 0:05:29.680 --> 0:05:31.839 this research and they would find, you know, this haunted 0:05:32.240 --> 0:05:34.920 mansion or this haunted amusement park, and they'd find out 0:05:34.920 --> 0:05:36.640 it was just some old guy that used to run it, 0:05:36.680 --> 0:05:38.800 and they would tie them up and they'd bring the 0:05:38.800 --> 0:05:42.880 police in and the criminal would be tied up, the 0:05:42.880 --> 0:05:44.800 police would come in, the case would be sealed, and 0:05:44.839 --> 0:05:46.880 then they would pull the mask off and the criminal 0:05:46.920 --> 0:05:48.800 would say, I would have gotten away for it if 0:05:48.839 --> 0:05:52.600 it wasn't for you pesky kids. That's exactly what happened. 0:05:52.680 --> 0:05:56.159 That's exactly what happened with SBF. It was sort of 0:05:56.200 --> 0:06:01.880 like a Scooby Doo movie. And now the Internet, the 0:06:01.960 --> 0:06:07.600 Internet slews. They found SBF out. They delivered him hog 0:06:07.720 --> 0:06:10.880 tiede directly to the police with the case sealed. Now 0:06:10.960 --> 0:06:13.359 that he's been convicted, well, we were still waiting on 0:06:13.360 --> 0:06:16.880 the sentencing. We'll see where that's at. He's eligible to 0:06:16.880 --> 0:06:18.640 get up to I think one hundred and ten years. 0:06:18.920 --> 0:06:21.120 Some people are saying he'll probably get much less. And 0:06:21.160 --> 0:06:23.480 you'll understand why I forget through this story. But now 0:06:23.520 --> 0:06:25.400 that he's been convicted, we're starting to see sort of 0:06:25.400 --> 0:06:28.320 like a rewriting of history, which is saying, look, the 0:06:28.360 --> 0:06:30.920 system worked, right, Look we found him guilty. You guys 0:06:30.960 --> 0:06:33.520 thought we'd let him off because he was a democratic darling, 0:06:33.560 --> 0:06:37.520 but look it worked. He got convicted. But that's not 0:06:37.600 --> 0:06:39.600 the case. That's not the case at all. They're trying 0:06:39.640 --> 0:06:41.719 to rewrite history to tell you that. So let me 0:06:41.800 --> 0:06:43.839 give you the long version of this, and so you 0:06:43.880 --> 0:06:46.560 can understand. Like I said, this is a big story, 0:06:46.839 --> 0:06:49.880 the fight of our lives. This tells you why. So 0:06:50.680 --> 0:06:52.880 the system did not work. Don't let them tell you 0:06:52.920 --> 0:06:55.560 that it did. Right, if you get the last question 0:06:55.680 --> 0:06:58.120 right on a test after failing every other one, you 0:06:58.160 --> 0:07:01.640 still fail the test. And that's exactly what happened. The state, 0:07:02.440 --> 0:07:06.120 the legacy institutions, the politicians, the journalists, the regulators, the 0:07:06.160 --> 0:07:10.560 criminal justice system all failed and then eventually succeeded. Okay, 0:07:10.600 --> 0:07:12.400 but it was only after failing everywhere else, and it 0:07:12.480 --> 0:07:16.720 was only after the demand of the public, only after 0:07:16.760 --> 0:07:20.520 the internet crowd the public, armed with the power of 0:07:20.560 --> 0:07:23.520 the Internet, built the entire case out for them, and 0:07:23.600 --> 0:07:26.320 didn't just build the entire case out for them, but 0:07:26.360 --> 0:07:30.120 then demanded that day take action. All right, So what 0:07:30.160 --> 0:07:33.120 am I talking about? Well, we know that it was 0:07:33.280 --> 0:07:35.160 people on the Internet. I'm gonna break this down for 0:07:35.240 --> 0:07:39.080 you that really brought this to the forefront. Now, none 0:07:39.120 --> 0:07:42.240 of this would have ever happened, potentially if it wasn't 0:07:42.280 --> 0:07:45.960 for the power of us having this fire of the internet. SBF, 0:07:46.000 --> 0:07:48.000 we know that he stole people's funds. Now, we know 0:07:48.120 --> 0:07:50.320 billions of dollars, tens of billions of dollars. We know 0:07:50.480 --> 0:07:53.840 that he used that stolen money to help swing elections 0:07:53.880 --> 0:07:58.080 across the country. These are facts, These are non arguable facts. 0:07:58.440 --> 0:08:01.800 These actions that he did can never be unwound. Those 0:08:01.800 --> 0:08:05.160 political figures are there now. So this means that in essence, 0:08:05.280 --> 0:08:08.320 SBF kind of took one for the team and the 0:08:08.400 --> 0:08:11.239 bad guys got away with it. Again. Now, this isn't 0:08:11.280 --> 0:08:14.640 some great triumph for the US establishment, right because again 0:08:14.800 --> 0:08:18.800 we have the Internet. The power of the crowd is 0:08:18.840 --> 0:08:24.040 what really caught SBF and brought him to justice, not 0:08:24.160 --> 0:08:26.960 the centralized state. All right, So we're going to break 0:08:26.960 --> 0:08:28.560 this down into a couple of pieces. I want to 0:08:28.600 --> 0:08:31.120 talk about how the the legacy institutions failed, how the 0:08:31.200 --> 0:08:34.680 politicians failed. We're going to talk about how the journalists failed. 0:08:35.040 --> 0:08:38.199 We're going to talk about how the regulators failed. We're 0:08:38.200 --> 0:08:41.720 going to talk about how the criminal justice system failed. 0:08:42.080 --> 0:08:45.080 And then we're going to talk about how the Internet succeeded, 0:08:45.559 --> 0:08:50.800 how decentralized technologies and protocols help the Internet succeed, and 0:08:50.840 --> 0:08:54.079 then we're going to talk about the bigger reason as 0:08:54.120 --> 0:08:57.840 to why they don't want you to have technology and 0:08:57.960 --> 0:09:01.160 freedom of speech. Everything else that you're seeing is going 0:09:01.240 --> 0:09:02.760 to make sense after we go through the story. Now, 0:09:02.800 --> 0:09:04.800 if you're just tune and you're listening to the markmas Show, 0:09:05.120 --> 0:09:07.959 we're always talking about the decentralized Revolution, talking about how 0:09:07.960 --> 0:09:11.040 technology is changing the world, and like I said, this 0:09:11.160 --> 0:09:13.640 story highlights it all. You do not want to miss this. 0:09:14.040 --> 0:09:15.559 We have a whole lot to cover, but I got 0:09:15.600 --> 0:09:17.880 to take a quick break. So I'm gonna do a 0:09:17.960 --> 0:09:19.520 quick break. We're gonna come back. We're gonna cover all 0:09:19.559 --> 0:09:22.120 those things. Don't miss it. I'm going to be right back, 0:09:22.840 --> 0:09:24.360 all right, welcome back. If you're just tune in, you're 0:09:24.360 --> 0:09:27.040 listening to the Mark Maas Show, we're running through the 0:09:27.120 --> 0:09:31.160 decentralized Revolution. We're running through the court case of SBF 0:09:31.480 --> 0:09:34.160 and FTX and how he just got convicted. But it's 0:09:34.200 --> 0:09:36.520 a different story than what you're hearing in the news. 0:09:36.840 --> 0:09:40.800 We're digging into the failure of legacy institutions and how 0:09:41.080 --> 0:09:44.160 the power of the crowd swung this over so again, 0:09:44.200 --> 0:09:47.400 the system didn't work. Let's talk about the legacy institutions 0:09:47.440 --> 0:09:49.800 that failed us. So first off, we're going to talk 0:09:49.800 --> 0:09:53.280 about the politicians. Now, if you remember, this is all 0:09:53.320 --> 0:09:57.840 over the news, SBF was the number two donor to 0:09:57.880 --> 0:10:01.520 the Democratic Party after George. So now I've been talking 0:10:01.520 --> 0:10:03.840 about George Soros for a long time. Lots of other 0:10:03.840 --> 0:10:06.280 people have as well. Lately, you've been hearing George Soros 0:10:06.280 --> 0:10:09.000 being talked about by Elon Musk. Elon Musk, I think 0:10:09.080 --> 0:10:11.280 was on Joe Rogan, so I got probably one hundred 0:10:11.360 --> 0:10:13.319 millions of views talking about how he was a threat 0:10:13.320 --> 0:10:17.160 to society and evil danger on all these things. So, 0:10:17.280 --> 0:10:19.880 George Soros is the largest donor to the Democratic Party. 0:10:20.240 --> 0:10:24.200 SBF was the number two donor. Now it's been admitted 0:10:24.280 --> 0:10:27.240 that he was one of the people most responsible for 0:10:27.280 --> 0:10:29.800 putting Joe Biden in the White House. As a matter 0:10:29.840 --> 0:10:33.960 of fact, FTX, Sam Bateman Fried's cryptocurrency change FTX was 0:10:34.000 --> 0:10:37.640 created right when Biden announced that he was going to 0:10:37.760 --> 0:10:41.840 run for president. So it looks like that's pretty interesting. 0:10:41.880 --> 0:10:43.959 As a matter of fact, on my main YouTube channel, 0:10:44.080 --> 0:10:47.640 just search Mark Moss FTX SBF, I did a video 0:10:47.880 --> 0:10:52.640 highlighting all of these connections between the time that FTX 0:10:52.720 --> 0:10:54.439 was created in Joe Biden announcing his campaign, if you 0:10:54.440 --> 0:10:57.160 want to look into that anyway. We know that he 0:10:57.240 --> 0:10:59.000 was the most responsible for putting Joe Biden in the 0:10:59.000 --> 0:11:02.800 White House, and we know now that he's convicted that 0:11:02.880 --> 0:11:06.680 he did this was stolen money, all right. Now, we 0:11:06.800 --> 0:11:11.440 know other democratics like Maxine Waters praised FBF for being candid. 0:11:11.840 --> 0:11:15.640 She welcomed him to testify to Congress even after his 0:11:15.720 --> 0:11:19.440 fraud was public, Even after even after we knew that 0:11:19.520 --> 0:11:21.920 he took all these people's money, tens of billions of dollars, 0:11:22.520 --> 0:11:27.120 She's still invitedment. Maxine Waters isn't just some Democratic politician. 0:11:27.360 --> 0:11:31.880 She is the chair of the House Financial Services Committee, 0:11:31.920 --> 0:11:35.839 all right. She's not just some politician the House Financial 0:11:35.880 --> 0:11:40.800 Services Committee. She was quote surprised that SBF was arrested 0:11:40.800 --> 0:11:43.440 before he had the prestigious opportunity to make his case 0:11:43.480 --> 0:11:47.920 before Congress. Why why was she surprised? She knew him personally, 0:11:49.400 --> 0:11:53.160 She'd been working closely with him. She was working with 0:11:53.240 --> 0:11:58.360 him closely on doing what capturing the regulatory state. She 0:11:58.559 --> 0:12:01.079 was putting through a bill that he was helping her 0:12:01.160 --> 0:12:06.720 with that would have criminalized all the decentralized finance platforms 0:12:07.080 --> 0:12:12.960 and instead benefited his centralized FTX platform, So he was 0:12:13.080 --> 0:12:15.800 using the state. They were working together to push a 0:12:15.840 --> 0:12:20.400 bill to criminalize you for using technology and only be 0:12:20.440 --> 0:12:22.680 allowed to use his platform. So we know that the 0:12:22.720 --> 0:12:28.439 politicians failed. Their nominal job is passing laws that are 0:12:28.440 --> 0:12:31.240 in the best interests of the public. That's you and I. 0:12:31.320 --> 0:12:34.800 They're supposed to be public servants, watching out for us 0:12:35.280 --> 0:12:38.640 and putting in things that would help us flourish, like 0:12:38.679 --> 0:12:42.120 having access to technology, but instead she worked with a 0:12:42.400 --> 0:12:46.000 known frauds he Likestambankment freed to instead push a bill 0:12:46.040 --> 0:12:48.800 that would criminalize you and I for using software and 0:12:48.880 --> 0:12:52.199 instead push everybody into his pocketbook. Now how did he 0:12:52.240 --> 0:12:56.360 accomplish that, Well, he legally bribed them, of course, he 0:12:56.480 --> 0:13:00.280 legally bribed them by being the second largest donor to 0:13:00.559 --> 0:13:05.280 the Democratic Party. Now, a few of you guys gonna say, yeah, Mark, 0:13:05.280 --> 0:13:06.920 he gave some money to the Republicans, doue. He did 0:13:06.960 --> 0:13:09.000 a couple. He did a couple, a couple, A couple 0:13:09.080 --> 0:13:11.400 couple coins went to some Republicans, But they were the 0:13:11.440 --> 0:13:14.079 Republicans that were on these committees that were pushing his agenda. 0:13:15.000 --> 0:13:17.160 Don't get caught up in the labels here. Now, SBF 0:13:17.280 --> 0:13:20.560 legally bribed them by donating these campaigns. He pushed this 0:13:20.679 --> 0:13:23.400 legislation that was in his favor, and it would have 0:13:23.520 --> 0:13:25.800 it would have it would have favored his centralized power 0:13:25.920 --> 0:13:29.400 over everybody else. Now, he would have succeeded in this, 0:13:30.280 --> 0:13:33.040 him and the state. Maxine Waters would have succeeded if 0:13:33.080 --> 0:13:36.719 it wasn't for those pesky kids like Scooby Doo on 0:13:36.760 --> 0:13:39.760 the Internet. Now, the other legacy institution that failed us 0:13:39.840 --> 0:13:44.120 was the journalist. Now, journalists were supposed to have freedom 0:13:44.160 --> 0:13:46.960 of the press, because the freedom of the press is 0:13:47.040 --> 0:13:51.640 supposed to keep the transparency of the state open. They're 0:13:51.679 --> 0:13:55.160 supposed to actually do research and they're supposed to actually 0:13:55.160 --> 0:13:59.280 do real journalism that keeps everybody honest that they know 0:13:59.800 --> 0:14:01.760 if if they do something shady, they're going to be 0:14:01.760 --> 0:14:04.080 found out and it's going to be exposed. That's why 0:14:04.080 --> 0:14:07.599 they're protected. But again, legacy journalism failed us as a 0:14:07.640 --> 0:14:10.520 matter of fact, not did they just fail us. SBF 0:14:10.640 --> 0:14:14.440 was the toast of the town in mainstream media, the 0:14:14.520 --> 0:14:18.200 New York Times, maybe a mouthpiece for the government when 0:14:18.559 --> 0:14:21.720 all was just fawning all over Sam Bankman free. They 0:14:21.720 --> 0:14:24.440 were his they were his favorite or he was their 0:14:24.520 --> 0:14:28.040 favorite character. And as a matter of fact, even after 0:14:28.600 --> 0:14:31.320 this all became public, after we found out that he 0:14:31.400 --> 0:14:34.880 stole billions of dollars from the public, after he took 0:14:35.800 --> 0:14:39.400 I don't even know, countless hundreds of thousands of people's savings, 0:14:39.840 --> 0:14:42.920 literally if people broke even after that came to public view, 0:14:43.240 --> 0:14:47.560 the New York Times brought him on to a stage 0:14:47.560 --> 0:14:50.600 to something called the Deal Book Summit. After they knew 0:14:50.680 --> 0:14:54.120 he had taken millions or billions. They gave him a 0:14:54.400 --> 0:14:59.560 loud round of applause to speak to everybody. And it 0:14:59.640 --> 0:15:03.080 wasn't it's just that they did this, but they tried 0:15:03.160 --> 0:15:08.000 to swing public opinion in his favor after already knowing 0:15:08.280 --> 0:15:11.680 that he ruined people's lives and he stole billions of dollars. Now, 0:15:11.680 --> 0:15:14.800 if we contrast this to the other coverage that they've 0:15:14.800 --> 0:15:17.520 had of cryptocurrency, for example, we can see that the 0:15:17.520 --> 0:15:21.080 media's message for bitcoin is that bitcoin's a fraud, Bitcoin 0:15:21.200 --> 0:15:24.760 uses too much energy, But not SBF. He's a friend 0:15:25.720 --> 0:15:28.520 because look how much money he's given to media outlets. 0:15:28.560 --> 0:15:31.320 Look how much money's given to NGOs. As a matter 0:15:31.360 --> 0:15:34.440 of fact, Legacy Media even went as far as to 0:15:34.560 --> 0:15:38.720 call him the JP Morgan of Crypto. He was the guy. 0:15:39.760 --> 0:15:43.080 So the journalists who were supposed to be researching this 0:15:43.200 --> 0:15:47.480 and bringing this, exposing this to us, they failed. We 0:15:47.600 --> 0:15:51.400 have trusted legacy media to expose these things. We have 0:15:51.400 --> 0:15:53.600 trusted legacy media to educate us on these things. But 0:15:53.640 --> 0:15:57.200 they completely failed in their nominal job of informing the 0:15:57.240 --> 0:16:02.600 public and instead taking money and then trying to push 0:16:02.680 --> 0:16:07.840 public opinion. Even after we knew that he took billions 0:16:07.880 --> 0:16:11.520 of dollars, they continued to put him up into the public. 0:16:12.160 --> 0:16:15.240 They continued to write nice things about him. And again 0:16:15.640 --> 0:16:18.600 they would have they would have succeeded in this if 0:16:18.600 --> 0:16:21.880 it wasn't for those nosy kids, those pesky kids on 0:16:21.920 --> 0:16:24.080 the internet. We're going to tell you how these pesky 0:16:24.160 --> 0:16:27.040 kids did that in a second. Now we also see 0:16:27.400 --> 0:16:32.119 that the regulators failed. The regulators are there to regulate 0:16:32.400 --> 0:16:35.560 people like this, so they don't do things like this. 0:16:35.600 --> 0:16:38.200 As a matter of fact, the main regulator is the 0:16:38.480 --> 0:16:44.480 SEC Securities Exchange Commission. Their role, their only role is 0:16:44.520 --> 0:16:47.640 to protect consumers like you and I. Did they do 0:16:47.680 --> 0:16:51.160 a good job well? Ten billion dollars of consumer funds 0:16:51.200 --> 0:16:55.360 were stolen right beneath their nose, So would that be 0:16:55.360 --> 0:17:00.480 a passing grade? Did they protect consumers? Could they lead 0:17:00.600 --> 0:17:03.720 that they were ignorant about it? Well, again, if you 0:17:03.720 --> 0:17:05.360 go back and watch the video I did when all 0:17:05.400 --> 0:17:07.639 this broke through again, go back to my main YouTube, Pianel, 0:17:07.680 --> 0:17:11.160 Mark Moss, search Mark Moss and FTX, you'll find it. 0:17:11.680 --> 0:17:17.879 Gary Ginsler is tied directly into the entire FTX fiasco. 0:17:19.680 --> 0:17:21.119 If you want to see the dots, go back and 0:17:21.160 --> 0:17:24.520 watch that. Gary Ginsler, who's the head of the SECU, 0:17:24.520 --> 0:17:27.400 whose job is to protect you and I the consumer, 0:17:27.680 --> 0:17:31.040 is tied directly into this. Gary Ginsler went and met 0:17:31.200 --> 0:17:34.159 with SBF privately. Now this is not something that he 0:17:34.200 --> 0:17:38.240 does normally, this is not something that's given to other projects, 0:17:38.280 --> 0:17:40.240 but he did meet with SBF. Now there's a whole 0:17:40.240 --> 0:17:41.479 lot more to cover. If you're just tuning in, you're 0:17:41.480 --> 0:17:44.679 listening to the Mark Moss Show, I'm breaking down an 0:17:44.680 --> 0:17:47.840 event that just happened, SBF getting I'm convicted, But it's 0:17:47.920 --> 0:17:50.520 not the story that I'm telling I'm telling you why 0:17:50.600 --> 0:17:53.360 the government wants to censor and control us, and how 0:17:53.400 --> 0:17:55.920 this cracked this wide open and it shifts the balance 0:17:55.920 --> 0:17:57.720 of power. I'm gonna have a whole lot more to cover, 0:17:57.840 --> 0:17:59.840 but I gotta take a very quick break. Don't go away, 0:18:00.080 --> 0:18:02.159 I won't be right back. All right, welcome back. If 0:18:02.160 --> 0:18:04.040 you just tune in, you're listening to the Mark Mas Show. 0:18:04.200 --> 0:18:07.600 I'm talking about how Sam Bankman freed SBF and the 0:18:07.720 --> 0:18:11.000 FTX fiasco and how he was just convicted. But that's 0:18:11.040 --> 0:18:13.560 not the story we're talking about. You know that story, 0:18:13.600 --> 0:18:15.639 it's all over the news. What I'm talking about is 0:18:15.960 --> 0:18:19.960 what happened here and how this signals the shift in 0:18:20.000 --> 0:18:22.960 the balance of power that's happening, and how everything else 0:18:23.000 --> 0:18:25.359 that you're seeing in regards to censorship and spine and 0:18:25.400 --> 0:18:29.399 regulations all makes sense if you understand this story. So 0:18:29.440 --> 0:18:33.280 we covered how legacy institutions have failed us. We talked 0:18:33.280 --> 0:18:37.080 about how the legacy the politicians failed us. We talked 0:18:37.119 --> 0:18:39.320 about how the journalists failed us. And now we're talking 0:18:39.320 --> 0:18:41.119 about the regulator. So Gary gins are the head of 0:18:41.119 --> 0:18:46.720 the SEC again. Their only job is to protect the consumers. 0:18:47.119 --> 0:18:50.600 Consumers lost over ten billion dollars, so they failed. Gary 0:18:50.640 --> 0:18:55.159 Ginsler should resign in disgrace. The SEC should be shut down, dismantled, 0:18:56.920 --> 0:18:59.560 just on that alone. Now let's take a look at 0:18:59.600 --> 0:19:03.320 what actually happened. So whether he was, whether he knew 0:19:03.320 --> 0:19:05.320 about it or not, doesn't change the fact that he 0:19:05.320 --> 0:19:07.879 failed in his job to protect the consumer. So whether 0:19:07.920 --> 0:19:11.440 he knew or didn't know, he still failed. But did 0:19:11.480 --> 0:19:13.320 he know? So again, if you can watch that video 0:19:13.359 --> 0:19:15.280 on my Manuguer channel, you'll see the ties that he 0:19:15.359 --> 0:19:19.919 had with SBF. But he met with SBF privately, and 0:19:20.000 --> 0:19:23.119 again most people don't get that. Now, not only did 0:19:23.200 --> 0:19:26.120 he meet with SBF privately, so he had inside information, 0:19:26.280 --> 0:19:29.000 he was privy to information about FTX that most people 0:19:29.000 --> 0:19:32.440 didn't have. Not only did he do that, did he 0:19:32.640 --> 0:19:35.280 see that and not do anything? He then went and 0:19:35.359 --> 0:19:40.920 attacked all these other projects publicly, cases that he's lost publicly. 0:19:41.960 --> 0:19:46.680 The meeting that he had with FTX mentioned quote conditional 0:19:47.040 --> 0:19:50.760 no action relief. What does that mean. That means in 0:19:50.960 --> 0:19:58.320 regulatory translation, that they will not pursue enforcement against FTX. 0:19:59.760 --> 0:20:02.639 So so he went and met with him. Apparently maybe 0:20:02.680 --> 0:20:04.560 Sam bankman free to open the books. We don't know. 0:20:05.320 --> 0:20:08.800 There was lots of information he received and we know 0:20:08.920 --> 0:20:11.760 now this was the biggest fraud scam in the entire industry. 0:20:11.800 --> 0:20:14.760 Ten billion dollars, and Gary Ginsler, right under his nose, 0:20:14.840 --> 0:20:16.800 right after a private meeting, just said Nope, we're not 0:20:16.840 --> 0:20:19.960 going to do any regulatory action against them. Oh, but 0:20:20.000 --> 0:20:21.280 we are going to go after a whole bunch of 0:20:21.320 --> 0:20:23.080 these other things that we don't learn anything about. And 0:20:23.160 --> 0:20:26.440 we ended up losing. So the regulators failed in their 0:20:26.520 --> 0:20:32.760 nominal job of one flagging a bad project, two passing 0:20:33.080 --> 0:20:36.280 good projects, and instead they spent their time meeting with 0:20:36.520 --> 0:20:42.480 SBF and attacked bitcoin ETFs when Gary Ginsler has said 0:20:42.480 --> 0:20:44.520 that he knows their commodities, when we know it's a 0:20:44.560 --> 0:20:50.359 decentralized cryptocurrency. Why why did Gary Ginzer do that? Could 0:20:50.359 --> 0:20:55.040 it be that it's because SBF was his ally? How 0:20:55.119 --> 0:20:58.640 was he his ally well donating money to their party, 0:20:59.240 --> 0:21:02.560 using people like Maxine Waters and the Financial Service Committee, 0:21:02.640 --> 0:21:07.480 using Garriganzer to push for more regulatory power. So if 0:21:07.520 --> 0:21:10.840 you have power, you and I most likely we don't 0:21:10.880 --> 0:21:14.879 want power. People in government they do, they want more. 0:21:15.240 --> 0:21:17.960 So if SBF is giving you money and helping you 0:21:18.000 --> 0:21:20.560 pass bills to give you more regulatory power and giving 0:21:20.600 --> 0:21:22.880 you more money, then you want that, which is why 0:21:22.920 --> 0:21:26.240 regulators gave him special favors like private meetings, which is 0:21:26.240 --> 0:21:31.080 why Congress steered cryptoregulation to his preference, to his business. 0:21:31.840 --> 0:21:33.679 And they would have all gotten away with it if 0:21:33.720 --> 0:21:36.840 it wasn't for those pesky kids on the Internet, like 0:21:36.880 --> 0:21:39.600 Scooby Doo. Now let's talk about what did work. The 0:21:39.640 --> 0:21:43.600 internet worked the power of the crowd, crowdsourced information. There's 0:21:43.640 --> 0:21:46.639 been all these tests done where you test the power 0:21:46.680 --> 0:21:49.040 of the crowd, and so like at a county fair, 0:21:49.080 --> 0:21:51.040 they'd have like a big steer, like a cow, up 0:21:51.080 --> 0:21:53.520 on stage and they'd say, go, guess the weight of 0:21:53.560 --> 0:21:55.720 that steer, And as long as you had people that 0:21:55.760 --> 0:21:58.399 were reasonably knowledgeable, like farmers, and they would go put 0:21:58.440 --> 0:22:00.720 a vote in, like how much the cow the steerway, 0:22:01.040 --> 0:22:05.680 and they didn't see the other guesses. What they found 0:22:05.720 --> 0:22:08.880 is that when they averaged those out, it was crazy close. 0:22:08.920 --> 0:22:10.639