Name: The Strange Ongoing Saga of FTX and Sam Bankman-Fried
Uploaded: 2022-11-29T20:11:44.000Z
Description: Watch the stand-up comedy video 'The Strange Ongoing Saga of FTX and Sam Bankman-Fried' from PowerfulJRE on Comedy Buff. Published 2022-11-29. Transcript available.

Watch the stand-up comedy video 'The Strange Ongoing Saga of FTX and Sam Bankman-Fried' from PowerfulJRE on Comedy Buff. Published 2022-11-29. Transcript available.

- The Joe Rogan experience.
- It's very weird that we spent more on this
than Russia spent doing the invasion.
We now surpassed what Russia has spent.
- But what about this FTX thing?
- Oh, yeah, well--
- That's where it gets crazy.
- Which I love is, they're all reporting on like,
how could this happen?
Like, you know, he would play League of Legends
while he's on the phone doing a $20 million deal.
And then, who was it, Goldman Sachs?
Somebody's like, "I love this kid."
They all think it's great.
They're like, "How could they think it's great?"
'Cause he's a rich kid with connected parents.
If he's just some jerk off the street who looked like that--
- Right.
- They wouldn't be like, "Oh, this is great."
- Well, his mom was a big Democratic Party operative, right?
Wasn't she something along those lines?
- Yeah, also MIT, the guy at the SEC that he would talk to
was an MIT professor.
- Hold on, go back, Jamie, what did you just show me?
- I was trying to find the actual thing and that wasn't it,
but this is what he was talking about.
- Crypto's biggest crash saw a guy playing League of Legends
while luring investors.
So while he was looking for the--
he was playing this fucking game while he was talking
to the investors?
- If you just pay a bunch of money to the media,
which is what he did,
they'll just write things about how great you are.
- That's the other thing, he donated.
- You as a jerk-off, they'll write your--
'Cause there's only two kinds of stories.
My friend, I used to work with, she told me it's either puff,
outrage, it's like puff pieces or hit pieces.
That's all they do.
'Cause that's how you get people to look at it and whatever.
- So you can bribe these companies to do puff pieces.
- That's what he did.
- Isn't that wild?
- The guy from Shark Tank that they asked him, he's like,
"I'd work with him again."
- Well, I think he was actually one of the guys that got paid, too.
- Of course!
- I think he's one of the spokespeople, wasn't he?
- Yeah.
- Kevin O'Leard?
- He had to give some fun disclosures on that video where he's like,
"Before we get started on this, let me tell you that all my business
accounts are involved in FTX and I've invested in it."
- Dude, there's a video of him on Shark Tank tearing apart some guy who brought
a Ponzi scheme
to him.
- No.
- In fact, what did I say?
I think it's Coffezilla.
- Maybe he believes in this kid.
- Yeah, I bet he does.
It's just, if you know the right people and you're, that his brother works with
like a gap
or something, a guard against pandemics.
Every single thing that you would see.
- Did you see what the young lady said?
She posted it on Twitter about her regular amphetamine use.
- Oh, the chick.
- Making people see, make life, what does she say?
- I didn't see it.
- Makes real life seem silly.
- Yeah.
- See if you can find out what her post was.
But she was talking on Twitter about how consuming amphetamines on a regular
basis made non-medicated
life seem dumb.
- Oh, no shit.
Do you see the obvious things they're saying?
- What a fucking, nothing like regular amphetamine use to make you appreciate
how dumb a lot of
normal non-medicated human experience is.
That is a hilarious thing to say from someone who had, in April 5th of 2021,
is responsible for how much money?
- Dude, but you know what's crazy, they're all whacked out on legal
prescription drugs.
- Yeah, yeah, they're whacked out on, there's another thing that he was taking
in a transdermal
patch.
He was taking Schledgeline or something like that.
- I just watched that dude, he's like a weightlifter guy.
- More dates, more dates, yeah.
More plates, more dates.
Derek.
- Boy, that guy knows all the chemicals.
- Oh my God.
- What is he like, a chemical engineer?
- No man, he's just fucking super smart and reads research.
- I know, it's so funny when people are like...
- I thought he was a chemist.
- Everybody I ever knew that was some kind of fitness freak, knew a lot of shit
about,
they weren't like stupid people that shouldn't do research, they were way ahead
of everyone
else I knew.
You know how like weightlifting supplements...
- Oh yeah, man.
Listen, I know a lot of people that know a lot of shit about like when you
should eat for
the maximum amount of absorption of the protein, how many grams per pound of
body weight you
have to take.
- Yeah, a kid with that fledgling, that's amazing, a kid that out of shape is
like weightlifter
knowledge of nootropics, a bodybuilder guy.
- That makes sense, that's his body, his body is his mind, his body is just
carrying his
mind around.
- What are the effects he said it does where it makes you like enjoy doing like
boring
work or something?
- I think, yeah, I think it was something along those lines.
Let's find Derek's video on it because Derek describes it, but the fledgling
one, he had
like a nicotine patch, it was like a patch, so he's just like getting that slow
drip of
whatever the fuck that sludging stuff is all day.
- That stuff stays in you for a while, those kind of things stay, those ones
where it stays
for a while, you can't just go off it.
- Or a transdermal?
- Yeah.
- Not the patch, the chem, yeah.
- I don't know, it's a 20 minute video, I don't know what the part would be,
maybe...
- Just start it, yeah, right there.
That's the stuff.
- That's the stuff, I'm seeing him.
- Yeah.
- This.
- Okay, so he's gonna go, he has this medical disclaimer, he's smart about the
way he handles
stuff.
- What's up guys?
Derek, moralplatesmort8s.com.
Today we're talking about Sam Bankman-Fried and his nootropic use, his drug use,
his cognitive
enhancing, dopaminergic enhancing drugs that he's using to stay cognitively
fucking dialed,
dude, for being the hyper-productive entrepreneur that he is, bro.
So, if you haven't seen, I'm sure you've probably seen, if you're clicking this,
the FTX debacle,
he's all in the news and has been for a minute now.
"Crypto fears.
Contagion is billions owed to creditors.
Sam Bankman-Fried becomes an ESG truth teller.
FTX fires three of Sam Bankman-Fried's top deputies.
Celebs like Tom Brady, Larry David did ads for crypto giant FTX, now they're
getting sued.
Sam Bankman-Fried says, Fuck regulators.
Musk's Twitter ultimatum and making TikToks instead of ads.
This is Matt Levine on the collapse of Sam Bankman-Fried's FTX in Alameda."
So, apparently this guy went from a billionaire to nothing, essentially,
overnight from this complete disaster of a situation.
If you want some insight onto exactly what happened, check out CoffeeZilla.
High quality information on a regular basis in a highly entertaining format.
Highly recommend his channel for anything crypto scam related, essentially, or
anything financial.
You know who has a good thing on FTX that is not making any conclusions?
This guy, Upper Echelon Games.
I watch a really good...
It's actually, like, great.
I can't remember what it is, but it's about FTX when it fell, and he doesn't
claim anything.
He just shows, like, it's worth watching.
That other guy, the guy who is the head dog at Google?
Was it Google or Facebook?
Chamath?
Where was he from?
Is he from Google, right?
I think he runs this at the Venture Capital Fund.
I don't know.
He probably used to work there.
But wasn't he, like, the top guy of Google?
I don't know, exactly.
Anyway, he's a billionaire, and he really understands it.
And he actually reached out to them, contacted them, and said, you know, you
should form a board.
And they told him to go fuck himself.
That's literally what they said, "Go fuck yourself."
He was like, "I love this kid."
He was like, he's a fucking billionaire financial guy who actually understands
how money works.
And he said, "This is what you guys gotta do."
And they were like, "Go fuck yourself."
Do you think the new tropics were making them arrogant?
They're on speed all day, man.
These guys are jacked up on speed and making billions.
But they're all fucking.
And they're fucking each other.
All of them.
All nine of them.
And a house in the Bahamas just smells like nerd fucking.
Just nerd fucking.
Just taking Mountain Dew and Sledgeline.
Using a trackball.
These tweets on the side of this are crazy.
That's probably what he's talking about.
What's he saying?
It says like, "Sam has fatal side effects when eating with meat products."
Yeah.
Oh, so is that why he's a vegan?
Pathological gambling and hypersexuality.
Yeah, it's that fearlessness.
Pathological gambling and hypersexuality.
Have you heard of this before?
Whoa!
I've heard of this with other drugs.
You know, I just realized the ultimate gift basket for celebs is the one FTX
did, which is a shit ton of money.
Oh, that's the best.
That's better than the...
Yeah, fake money.
Than a designer t-shirt.
If that guy didn't go to war with that other guy, that's what happened, right?
That dude dumped all of his coins.
He sold all of his coins and they really couldn't cover it.
Binance?
Yeah.
That was his rival.
He had a whole back door installed in that, so his kind of house, one
girlfriend or whatever she is, ran Alameda Research.
Right.
And then they had some back door...
They funneled off like $10 billion into that.
Yeah.
The whole thing is so wild.
Yeah.
They were just on speed playing with fake money.
It's so funny to watch the videos where it's obvious and all you need is people
to be on board.
Yeah.
If all the right people are on board, that's all it takes.
It's like the Epstein Island thing.
Yeah.
Everyone...
It's like...
Everything's to train you to get to be a...
Like you don't really get to pick if you say whatever your politics, right?
Right.
Whatever you would call yourself, you don't get to decide that.
Like we'll let you know what you are.
Right.
You could decide maybe a gender.
You go ahead and pick out a gender, honey.
But you're not getting to pick...
Everything else about your identity will be assigned to you from now on.
You can only...
Even that can only be assigned if it's convenient.
You see what happened with the non-binary shooter?
Oh, yeah.
The transgender person on television says I could tell by looking at them that
that's a man.
Well, what do they do in that situation where they have...
We played it on Jimmy's show.
That is such a crazy thing to say.
Like that is against everything you supposedly stand for.
Did you see initially...
So it's Al Franken...
Some other white guy.
The reporter, the woman.
And then...
I can't remember the black guy's name.
But she...
She's like...
So first hearing the non-binary thing.
So now they're in a bad spot.
Right.
Because you're supposed to like immediately go along with that.
Right.
And they're resistant.
And this is like really screwing up their narrative of whatever they were going
to say.
The...
The...
This person was.
Right.
And so they had to turn the black guy.
Because they're like I hope...
Because we're white.
Like we can't say anything like...
I hope this is enough of a shield for us.
To say we don't want to accept that this shooter is non-binary.
And then they had to get a trans woman to come and go.
He doesn't look non-binary to me.
Which is so crazy to say.
That the whole rule is set up that way.
In fact, I first heard about...
From that guy Adam Curry on here.
ESG.
A long time ago.
Yes.
And I was like oh is that what that is?
Because I was wondering...
We're all this bizarre...
It sounds like it's a tax write-off.
It's so like...
Like are they...
They must be making money in some way.
Yeah.
Or getting a grant to do this.
Yeah.
That's what it is.
Yeah.
It's wild.
That's what FTX did.
People are profiting off of a mind virus.
You could juke the numbers however you want.
Yeah.
If you pay into it.
I like like a carbon...
Like your personal carbon footprint.
And it sounds good.
You're trying to make the world a better place.
A more equitable place.
Yeah.
A beautiful place.
A more just place.
A more diverse place.
He said that openly.
Sounds great.
And also that it was bullshit openly to...
Someone he thought was giving him a favorable article.
Because they're all really, really kid gloves with his FTX kid.
He must have paid out...
It is weird how they kid gloves with him, right?
Yeah.
Like some places not at all.
And other places like trying to paint him as a person who just made mistakes.
Yeah.
The whole point of giving somebody a shit ton of money is not so...
You have to give them orders of what to...
They just have an insight.
Like, no, he's one of the good ones.
I know we're like, we hate billionaires here, but this guy gave us like...
Millions?
Yeah.
He duked out millions.
Doesn't Bill Gates do that too?
Doesn't he donate like millions and millions of dollars to these media
organizations?
Yeah.
Because he used to be a not...
He used to be a hated guy.
Well, he still is by some.
But I mean, in the media, I remember that when he was like a bad guy.
You know, when they had the antitrust.
Right.
And now they can't say enough.
And then you find all these things...
Like Common...
I don't have kids.
So I remember Common Core came out and I would just hear everybody complaining
about Common Core.
That's his...
The Bill and Melinda Gates Foundation money made that a national thing.
I didn't know about that at the time.
Like a ton of...
Yeah.
Oh, look at him.
That's speaking at a New York Times event.
Yeah, soon.
That is in two days.
Yeah.
Oh, and he'll be there, he says.
Which is crazy.
Do they arrest him on the spot?
I don't think so.
That's wild.
What happens there?
I don't know.
Wait, oh, go down a little.
See, wait, go down a little bit.
Yeah, Larry Fink.
So that's the guy.
I think he's the guy that invented ESG, right?
That's his thing, isn't it?
Mm.
CEO of BlackRock.
So there's all these business folks.
Yeah, there's another article.
Benjamin Netanyahu.
There's people in the Bahamas looking for him right now from, like, the crypto
community.
Wow.
They're, like, hunting him down.
It's a real Epstein Island of notable people coming.
Oh, you gotta imagine.
There's probably some bad people that lost millions.
Billions?
Yeah.
I don't know how much people really had involved.
Well, I mean, a lot of people did, but I mean, some of them are bad people.
You know what I'm saying?
Oh.
Yeah, yeah.
Can you imagine?
All these people know, like, Van Jones especially, you know that guy knows the
deal, because
they got him on camera.
What's his name?
Filmed them.
They're like, you know, this is all bullshit.
Talking about Russiagate.
Do you remember that?
Yes.
I'm forgetting the guy's name, but Veritas.
Veritas.
Yeah.
James O'Keefe.
It's not cut in any way.
Van Jones is saying it.
I know a bunch of people from, especially being in New York and all the comics
would do cable
news stuff.
You know, like Red Eye.
You meet these people and they're all like, they all know the game and assume
you do too.
And then if I meet people that think it's all like, they just can't imagine
something
nefarious was.
Oh yeah, of course.
Zelensky's there.
He's not busy.
Boy, that guy really.
Give a speech with a tie on.
He's getting around.
Thank you.

The Strange Ongoing Saga of FTX and Sam Bankman-Fried

- The Joe Rogan experience.
- It's very weird that we spent more on this
than Russia spent doing the invasion.
We now surpassed what Russia has spent.
- But what about this FTX thing?
- Oh, yeah, well--
- That's where it gets crazy.
- Which I love is, they're all reporting on like,
how could this happen?
Like, you know, he would play League of Legends
while he's on the phone doing a $20 million deal.
And then, who was it, Goldman Sachs?
Somebody's like, "I love this kid."
They all think it's great.
They're like, "How could they think it's great?"
'Cause he's a rich kid with connected parents.
If he's just some jerk off the street who looked like that--
- Right.
- They wouldn't be like, "Oh, this is great."
- Well, his mom was a big Democratic Party operative, right?
Wasn't she something along those lines?
- Yeah, also MIT, the guy at the SEC that he would talk to
was an MIT professor.
- Hold on, go back, Jamie, what did you just show me?
- I was trying to find the actual thing and that wasn't it,
but this is what he was talking about.
- Crypto's biggest crash saw a guy playing League of Legends
while luring investors.
So while he was looking for the--
he was playing this fucking game while he was talking
to the investors?
- If you just pay a bunch of money to the media,
which is what he did,
they'll just write things about how great you are.
- That's the other thing, he donated.
- You as a jerk-off, they'll write your--
'Cause there's only two kinds of stories.
My friend, I used to work with, she told me it's either puff,
outrage, it's like puff pieces or hit pieces.
That's all they do.
'Cause that's how you get people to look at it and whatever.
- So you can bribe these companies to do puff pieces.
- That's what he did.
- Isn't that wild?
- The guy from Shark Tank that they asked him, he's like,
"I'd work with him again."
- Well, I think he was actually one of the guys that got paid, too.
- Of course!
- I think he's one of the spokespeople, wasn't he?
- Yeah.
- Kevin O'Leard?
- He had to give some fun disclosures on that video where he's like,
"Before we get started on this, let me tell you that all my business
accounts are involved in FTX and I've invested in it."
- Dude, there's a video of him on Shark Tank tearing apart some guy who brought
a Ponzi scheme
to him.
- No.
- In fact, what did I say?
I think it's Coffezilla.
- Maybe he believes in this kid.
- Yeah, I bet he does.
It's just, if you know the right people and you're, that his brother works with
like a gap
or something, a guard against pandemics.
Every single thing that you would see.
- Did you see what the young lady said?
She posted it on Twitter about her regular amphetamine use.
- Oh, the chick.
- Making people see, make life, what does she say?
- I didn't see it.
- Makes real life seem silly.
- Yeah.
- See if you can find out what her post was.
But she was talking on Twitter about how consuming amphetamines on a regular
basis made non-medicated
life seem dumb.
- Oh, no shit.
Do you see the obvious things they're saying?
- What a fucking, nothing like regular amphetamine use to make you appreciate
how dumb a lot of
normal non-medicated human experience is.
That is a hilarious thing to say from someone who had, in April 5th of 2021,
is responsible for how much money?
- Dude, but you know what's crazy, they're all whacked out on legal
prescription drugs.
- Yeah, yeah, they're whacked out on, there's another thing that he was taking
in a transdermal
patch.
He was taking Schledgeline or something like that.
- I just watched that dude, he's like a weightlifter guy.
- More dates, more dates, yeah.
More plates, more dates.
Derek.
- Boy, that guy knows all the chemicals.
- Oh my God.
- What is he like, a chemical engineer?
- No man, he's just fucking super smart and reads research.
- I know, it's so funny when people are like...
- I thought he was a chemist.
- Everybody I ever knew that was some kind of fitness freak, knew a lot of shit
about,
they weren't like stupid people that shouldn't do research, they were way ahead
of everyone
else I knew.
You know how like weightlifting supplements...
- Oh yeah, man.
Listen, I know a lot of people that know a lot of shit about like when you
should eat for
the maximum amount of absorption of the protein, how many grams per pound of
body weight you
have to take.
- Yeah, a kid with that fledgling, that's amazing, a kid that out of shape is
like weightlifter
knowledge of nootropics, a bodybuilder guy.
- That makes sense, that's his body, his body is his mind, his body is just
carrying his
mind around.
- What are the effects he said it does where it makes you like enjoy doing like
boring
work or something?
- I think, yeah, I think it was something along those lines.
Let's find Derek's video on it because Derek describes it, but the fledgling
one, he had
like a nicotine patch, it was like a patch, so he's just like getting that slow
drip of
whatever the fuck that sludging stuff is all day.
- That stuff stays in you for a while, those kind of things stay, those ones
where it stays
for a while, you can't just go off it.
- Or a transdermal?
- Yeah.
- Not the patch, the chem, yeah.
- I don't know, it's a 20 minute video, I don't know what the part would be,
maybe...
- Just start it, yeah, right there.
That's the stuff.
- That's the stuff, I'm seeing him.
- Yeah.
- This.
- Okay, so he's gonna go, he has this medical disclaimer, he's smart about the
way he handles
stuff.
- What's up guys?
Derek, moralplatesmort8s.com.
Today we're talking about Sam Bankman-Fried and his nootropic use, his drug use,
his cognitive
enhancing, dopaminergic enhancing drugs that he's using to stay cognitively
fucking dialed,
dude, for being the hyper-productive entrepreneur that he is, bro.
So, if you haven't seen, I'm sure you've probably seen, if you're clicking this,
the FTX debacle,
he's all in the news and has been for a minute now.
"Crypto fears.
Contagion is billions owed to creditors.
Sam Bankman-Fried becomes an ESG truth teller.
FTX fires three of Sam Bankman-Fried's top deputies.
Celebs like Tom Brady, Larry David did ads for crypto giant FTX, now they're
getting sued.
Sam Bankman-Fried says, Fuck regulators.
Musk's Twitter ultimatum and making TikToks instead of ads.
This is Matt Levine on the collapse of Sam Bankman-Fried's FTX in Alameda."
So, apparently this guy went from a billionaire to nothing, essentially,
overnight from this complete disaster of a situation.
If you want some insight onto exactly what happened, check out CoffeeZilla.
High quality information on a regular basis in a highly entertaining format.
Highly recommend his channel for anything crypto scam related, essentially, or
anything financial.
You know who has a good thing on FTX that is not making any conclusions?
This guy, Upper Echelon Games.
I watch a really good...
It's actually, like, great.
I can't remember what it is, but it's about FTX when it fell, and he doesn't
claim anything.
He just shows, like, it's worth watching.
That other guy, the guy who is the head dog at Google?
Was it Google or Facebook?
Chamath?
Where was he from?
Is he from Google, right?
I think he runs this at the Venture Capital Fund.
I don't know.
He probably used to work there.
But wasn't he, like, the top guy of Google?
I don't know, exactly.
Anyway, he's a billionaire, and he really understands it.
And he actually reached out to them, contacted them, and said, you know, you
should form a board.
And they told him to go fuck himself.
That's literally what they said, "Go fuck yourself."
He was like, "I love this kid."
He was like, he's a fucking billionaire financial guy who actually understands
how money works.
And he said, "This is what you guys gotta do."
And they were like, "Go fuck yourself."
Do you think the new tropics were making them arrogant?
They're on speed all day, man.
These guys are jacked up on speed and making billions.
But they're all fucking.
And they're fucking each other.
All of them.
All nine of them.
And a house in the Bahamas just smells like nerd fucking.
Just nerd fucking.
Just taking Mountain Dew and Sledgeline.
Using a trackball.
These tweets on the side of this are crazy.
That's probably what he's talking about.
What's he saying?
It says like, "Sam has fatal side effects when eating with meat products."
Yeah.
Oh, so is that why he's a vegan?
Pathological gambling and hypersexuality.
Yeah, it's that fearlessness.
Pathological gambling and hypersexuality.
Have you heard of this before?
Whoa!
I've heard of this with other drugs.
You know, I just realized the ultimate gift basket for celebs is the one FTX
did, which is a shit ton of money.
Oh, that's the best.
That's better than the...
Yeah, fake money.
Than a designer t-shirt.
If that guy didn't go to war with that other guy, that's what happened, right?
That dude dumped all of his coins.
He sold all of his coins and they really couldn't cover it.
Binance?
Yeah.
That was his rival.
He had a whole back door installed in that, so his kind of house, one
girlfriend or whatever she is, ran Alameda Research.
Right.
And then they had some back door...
They funneled off like $10 billion into that.
Yeah.
The whole thing is so wild.
Yeah.
They were just on speed playing with fake money.
It's so funny to watch the videos where it's obvious and all you need is people
to be on board.
Yeah.
If all the right people are on board, that's all it takes.
It's like the Epstein Island thing.
Yeah.
Everyone...
It's like...
Everything's to train you to get to be a...
Like you don't really get to pick if you say whatever your politics, right?
Right.
Whatever you would call yourself, you don't get to decide that.
Like we'll let you know what you are.
Right.
You could decide maybe a gender.
You go ahead and pick out a gender, honey.
But you're not getting to pick...
Everything else about your identity will be assigned to you from now on.
You can only...
Even that can only be assigned if it's convenient.
You see what happened with the non-binary shooter?
Oh, yeah.
The transgender person on television says I could tell by looking at them that
that's a man.
Well, what do they do in that situation where they have...
We played it on Jimmy's show.
That is such a crazy thing to say.
Like that is against everything you supposedly stand for.
Did you see initially...
So it's Al Franken...
Some other white guy.
The reporter, the woman.
And then...
I can't remember the black guy's name.
But she...
She's like...
So first hearing the non-binary thing.
So now they're in a bad spot.
Right.
Because you're supposed to like immediately go along with that.
Right.
And they're resistant.
And this is like really screwing up their narrative of whatever they were going
to say.
The...
The...
This person was.
Right.
And so they had to turn the black guy.
Because they're like I hope...
Because we're white.
Like we can't say anything like...
I hope this is enough of a shield for us.
To say we don't want to accept that this shooter is non-binary.
And then they had to get a trans woman to come and go.
He doesn't look non-binary to me.
Which is so crazy to say.
That the whole rule is set up that way.
In fact, I first heard about...
From that guy Adam Curry on here.
ESG.
A long time ago.
Yes.
And I was like oh is that what that is?
Because I was wondering...
We're all this bizarre...
It sounds like it's a tax write-off.
It's so like...
Like are they...
They must be making money in some way.
Yeah.
Or getting a grant to do this.
Yeah.
That's what it is.
Yeah.
It's wild.
That's what FTX did.
People are profiting off of a mind virus.
You could juke the numbers however you want.
Yeah.
If you pay into it.
I like like a carbon...
Like your personal carbon footprint.
And it sounds good.
You're trying to make the world a better place.
A more equitable place.
Yeah.
A beautiful place.
A more just place.
A more diverse place.
He said that openly.
Sounds great.
And also that it was bullshit openly to...
Someone he thought was giving him a fav