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FTX was the second largest CRYPTO Currency Exchange and made its founder Sam Bankman-Fried one of the youngest Billionaires ever (in this video I compare SBF’s age to some of the most famous current business Billionaires). In January 2022 the business raised $400m at a valuation of $32 Billion however it is now BANKRUPT and in Chapter 11. In this video I provide the full story of FTX, explain what has happened and what impact this will have on the GLOBAL ECONOMY.
For specific details please check out the CHAPTER list below.
Thanks for watching and please LIKE and SUBSCRIBE.
Chapters:
0:00 Intro
2:39 FTX
4:18 SAM BANKMAN-FRIED
7:34 FTX
8:24 BILLIOANIRES BY AGE
12:36 FTX IMPACT
16:56 SUMMARY & CONCLUSION
#china
#Belt&Road
#globalrecession
#globalfinancialcrisis
#russia
#Evergrande
#China
#Recession
#Zhenro
#Bonds
35 Comments
Nice work JB ..love the new format 😉
I came for the economics information. But I am staying for the cat 😺
All this modern uncivilizations in which killings of speechless vulnerable defenseless dogs, cows, cats, goat is legal just to eat their dead bodies, in which Alcohol, drugs, adultery, polygamy uncivilized non-Vedic practices prevails will be wiped out in next 6 year's and 6 months 💐❤️🙏
Much as I like you, I LOVE the cat!
😺😼😸
I'm not a huge fan of all the stock footage, I liked how it was before seeing Joe with the occasional chart. The stock footage makes me tune out and i can't focus on the topic. Give me at least a little thumbnail of Joe in the corner talking. 🙂
Finally! We're using the word "collapse" correctly!
All I can do is laugh. Several years ago I was browbeaten by friends to invest in Crypto, I resisted, partly because, even with an MBA from a top 10 business school, I simply did not understand Crypto-I never invest in things I do not understand. In years that followed one by one my friends all lost their investments. I have been plugging away and bit by bit have been successful. No, I am not, and never will be a billionaire, but that is ok with me because I will never lose my home and family because I went bankrupt.
I cannot say your videos are boring due to the topics being reported on, but by god, you love to speak!! LOL! No offence! Just you keep on talking and give us detailed insights on many interesting topics! We love it! 😂😂
Much better Joe. Not nearly as dry.
But what do you need?
Figures for who lost what; What's the atm of what SBF is doing now, with time reference; informed speculation on possible contagion pathways; informed speculation on ulterior commercial/industrial advantages and disadvantages emminating from this situation/Black Swan event (if one can call it that).
Cheers mate
Thanks, yes your videos are occasionally dry but very educational – thanks. You do a good job explaining complex subjects. So someone finally declared the emperor has no cloths. In my world what's happening is called a cascade failure.
Yo, Joe, you are fcukin hilarious.
I also prefer the usual format… you’re doing a great job!
Crypto goes in boom and bust cycles. Just make sure you catch the right side of it
All Atheists or Semitic cultists like Muslims, Christian's, or Jews will suffer for their brutality against speechless vulnerable defenseless dogs, cows, cats which they kills just to eat 'em. You kills the living beings and worship lifeless things, at your last moment you'll suffer terrible pain. Dogs, cows, cats killed by you just to eat their dead bodies will return back for you, may God bless you, Hare Krishna 🙏❤️
Joe …….. We know you're there …….
Can't agree with you that your videos are boring at all. I do like the new format, it's good to mix things up occasionally. You are my financial "canary in a coal mine" and I look forward to your constant updates on what's going on with the world's money. Keep up the great work.
😄
That was fun. Thanks.
Thank you for your channel and all the content you provide, Joe.
All this discussion about crypto currency, wars, blame game are useless complete non-sense insignificant now is time for all 7.4 billion humans to face the result of what they did to speechless vulnerable defenseless and mother nature for past 5123 years of kaliage. 💐👍👍👍👍👍
CAT!
I think you can make a 30 min video talking about economics with cats on screen and it would be good.
BTC has nothing to do with FTX. There is only shitcoin and Bitcoin, this is not so hard to understand. ETC is leveraged with BTC , then ETC is leveraged with DooDooCoin etc. and that has a rippel effect on BTC. The new format is great, just stick to topics you understand. 400h to understand BTC 1400h to get BTC and its properties and applications in full. You just CANT´T read up on BTC in in a few days.
Don't mind you mixing it up a bit. But my advice on your previous approach would be to shorten it up. Condense and summarize without reading off the complete list. Just display well so the viewer can read the info as you discuss it. Ten to fifteen minutes is the best length.
As to the whole crypto collapse, this is providing a lot of amusement to us older apparently archaic investors who believe in the world of real solid assets, not Santa Claus and the tooth fairy.
Your videos were never boring, though I like this new format too.
Don't start with the "sexist" nonsense man. Business doesn't care about sex, sexuality, skin colour or religion. It's cold and harsh, but it isn't bigoted.
Stay true to what earned you the attention youve so far deserved
Sure a lot of crypto bros lost all their money in about 2 days but AT LEAST they didn’t suffer gradually diminished buying power over the course of decades because of inflation by using worthless fiat 🤑
Now is time for so called Anglo Western rich nation's to face the consequences of what they did for past 5123 years of kaliage. 👍👍
Great video Joe.
Joe – I subscribe because I love the way you "stand and deliver" information!! But, been pushing yourself, and the last few videos we can see you're getting burnt-out. Take a break for a few days, and your followers will not leave you. PROOF is that you're gaining 1,000 subscribers per day!
Snap chat is almost dead and a lot of the kids have moved on from it.
Youtube still has ads?
Humble and brilliant is a rare combination.
Finally a Joe Bloggs cat video… said no one ever.
I thought it was very ambitious to create a trading exchange for pyramid schemes with no underlying value and to actually have people invest in it. But then nothing much amazes me anymore when it comes to con men creating wealth out of nothing but promises and greed. Kudos to this young man. If he did everything right and has a very good room full of lawyers he will escape this with no jail time and possibly some of his money hidden safely away under a rock that you would never expect to find in a field in Maine.