A few days ago we asked how much longer do we have to wait for the "first-day affidavit" in the FTX bankruptcy, traditionally the most detailed and comprehensive summary of how any given company collapsed into Chapter 11 (and in FTX's case, Chapter 7 soon, as this will soon become a full-blown liquidation)...
Because how else would one describe it when FTX's new CEO and liquidator, John Ray III, who also oversaw the unwinding and liquidation of Enron, admits that "Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here."
And just in case his shock at FTX's fraud of epic proportions was not quite clear enough, he adds that "from compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented."
According to Ray, he has located “only a fraction” of the digital assets of the FTX Group that they hope recover during the Chapter 11 bankruptcy. They’ve so far secured about $740 million of cryptocurrency in offline cold wallets, a storage method designed to prevent hacks. This is just a fraction of the $10-$50 billion in liabilities the company disclosed in its bankruptcy filing.
How do we know it's a fraud: as Ray writes on page 24, although the investigation has only begun and must run its course, it is my view based on the information obtained to date, "that many of the employees of the FTX Group, including some of its senior executives, were not aware of the shortfalls or potential commingling of digital assets." Many maybe not, but some - and certainly SBF himself - did.
Just when you thought this freaking war on COVID unvaxxinated had ended, G20 leaders have just signed a declaration which states that vaccine passports will be adopted to “facilitate” all international travel…
This means any vaccination the WHO determines you should have. Changing your rights & freedoms forever.
Trump announced his 2024 presidential bid on Tuesday during a rally at his Mar-a-Lago estate in Florida. If elected, he would become only the second US president to be elected to two nonconsecutive terms.
US Rep. David Cicilline (D-RI) is set to introduce legislation that would use the 14th Amendment to bar former President Donald Trump from running for office again.
Cicilline, who served as the impeachment manager during Trump’s first impeachment proceedings, sent a letter on Tuesday to Democratic lawmakers previewing his legislation. The move came shortly after Trump announced his third presidential campaign.
It is not known when the measure would be introduced to the House of Representatives; however, the letter did list Thursday as the deadline for other representatives to come on as co-sponsors.
Webmaster addition: I would not be surprised if the never-Trumpers tried outright assassination to get rid of Trump.
The IWK Health Centre is a major pediatric hospital and trauma center in Halifax, Nova Scotia that provides care to maritime youth, children and women from Nova Scotia, New Brunswick, Prince Edward Island and beyond.
They’ve seen 27 myocarditis cases in a 6 week period for kids under 18. Normally, they see 2 cases a year. So they are seeing an increase of 117X the normal rate.
I heard this from a hospital insider. Don’t expect them to publicly say anything. That’s just not the way it works nowadays.
The Massachusetts Department of Public Health is facing a class action lawsuit after colluding with Google to repeatedly auto-install contact-tracing spyware on the smartphones of over a million Massachusetts residents without their permission or consent.
According to a class action lawsuit filed by the New Civil Liberties Alliance, a nonpartisan nonprofit civil rights organization, the Department of Public Health rolled out the contact tracing app it worked with Google to create in April 2021.
The Republican Governor of Texas Greg Abbott has announced that his administration is celebrating a landmark as the 300th busload of migrants is now on its way to “woke” Democrat Mayor Lori Lightfoot’s “sanctuary city” of Chicago.
Gov. Abbott, who stormed to victory in his gubernatorial re-election this week, has brought national attention to the crisis at the Southern Border with his migrant busing strategy.
Abbott, along with other Republican border state governors, has been transporting illegal migrants to Democrat-run areas across the country.
“The 300th Texas bus of migrants just left for Chicago,” Abbott tweeted.
Republican Senator Mitt Romney wants to cut inflation by cutting Americans’ wages, including the wages earned by the GOP’s own voters.
Sen. Romney (R-UT) urged the cuts in a November 10 Wall Street Journal op-ed, where he echoed Goldman Sachs’ May demand for more migration to cut inflation by cutting wages:
Exit polls of voters confirmed that inflation remains a top voter concern. Midterm campaigns largely focused on assigning blame for rising prices. Now … Congress can actually help by increasing legal immigration [and] expanding the number of work visas in sectors that face worker shortages.
In May, Goldman Sachs argued that President Donald Trump’s 2020 migration cuts ensured that “the substantial gap between the number of workers and the number of jobs … has led to wage growth of 5 1/2% over the last year.”
The Biden administration is set to extend the COVID-19 public health emergency through at least next April.
The public health emergency, which was set to expire on Jan. 11, will remain in place through the first quarter of 2022 to allow the government more time to offload responsibility for COVID-19 vaccines, tests, antiviral treatment, and other COVID-19 pharmaceuticals to the private sector — all have been provided free by the government during the health emergency, a Biden administration official toldReuters.
Baldwin, who is awaiting a decision on whether he’ll face criminal charges in the shooting, accused the movie’s armorer and first assistant director, among others, of negligence in a cross-complaint following a lawsuit filed against him last year by script supervisor Mamie Mitchell.
Baldwin’s attorney, Luke Nikas, said the crew members did not maintain safety on the New Mexico film set.
Rep. Jim Banks, R-Ind., is urging his Republican colleagues to "do everything we can" to stop Democrats from passing amnesty for illegal immigrants -- after Senate Majority Leader Chuck Schumer said their "ultimate goal" is to give citizenship pathways to at least 11 million illegal immigrants.
"Democrats were afraid to push amnesty ahead of the midterms because it’s wildly unpopular," Banks, the head of the Republican Study Committee, said in a statement to Fox News Digital. "But they calculated that amnesty will be old news by 2024, and they’re counting on the millions of new voters to return their favor."
With Republicans set to control the House in the next Congress, which begins in January, Democrats and immigration activists are attempting to make one last push for citizenship for illegal immigrants before they lose control of the chamber.
An armed homeowner in Bloomington, Indiana, quickly discovered that firing a shot into the ground wasn't going to scare off an intruder moving toward him at his residence Sunday afternoon — but a second shot finally did convince the crook that he was out of his depth.
Elon Musk issued an email telling Twitter employees that they must be "extremely hardcore" by putting in "long hours at high intensity" for the platform to succeed — the billionaire business tycoon gave workers a deadline of 5 p.m. Thursday to visit a link and indicate that they wish to remain at the company, warning that those who fail to do so "will receive three months of severance."
Former FTX CEO Sam Bankman-Fried remarked that he grew “overconfident and careless” ahead of the sudden implosion of his cryptocurrency empire, yet made little direct mention of his own fraudulent behavior as he discussed the implosion of his empire.
In 1986, Senator Chuck Schumer (D-NY) successfully pushed for amnesty for millions of illegal aliens, promising that doing so would help slow the tide of illegal immigration and support America’s dwindling workforce. It failed.
On Tuesday, Ukrainian President Volodymyr Zelensky sounded the alarm and called upon NATO allies to finally, directly, enter the war after an alleged Russian missile hit a Polish town, killing two people and causing destruction.
Actor John Voight says that Donald Trump is the only one who can save this country from the "swamp," He prays that Trump will return to run for President in 2024.
He says that the former President is the only one who can legitimately be said to have the power to turn things like this around.
Voight is an Academy Award-winning actor, and he posted a quick 2-minute clip in which he stated that he felt that Trump was the only one that could help the country from the state of things the way they are now.
His "Wake Up America" clip calls for the country's healing. He says that this is something the country needs after the underwhelming performance of Republicans in the midterm elections this year.
While polls projected a major red wave for the recent midterms, the vote showed different results. Democrats managed to maintain narrow control over the Senate, while the lower chamber majority is projected to go to Republicans - but only by a small margin.
Sputnik discussed the intricate details of the past midterm elections with Patrick Basham, head of Democracy Institute, a politically independent research organization based in Washington and London.
Sputnik: US bipartisan observers suggest that the expected "red wave" has not materialized. Would you agree that the Republicans "underperformed"?
Patrick Basham: In terms of voting, the red wave materialized exactly as we predicted. Our final Democracy Institute/Express.co.uk poll forecast the Republicans would win the popular vote by five percent. The Election Day exit poll also found a five percent win by the Republicans. With ballots still being counted in several western states, the Republicans popular vote lead is fluctuating between four and five percent.
Former White House press secretary Jen Psaki is trying her best to deflect away from the advanced age of President Biden.
Many are concerned about his age and mental capacity at this stage. However, Psaki tried to counter that by calling Donald Trump old. For the record, Donald Trump is a few years younger than Joe Biden.
Biden is already the oldest President in American history and will be 82 years old on Inauguration Day 2025. Biden continues to insist that he intends to run for re-election despite the concerns of many people within his party.
Atomic Weapons Were Not Needed to End the War or Save Lives
Like all Americans, I was taught that the U.S. dropped nuclear bombs on Hiroshima and Nagasaki in order to end WWII and save both American and Japanese lives.
But most of the top American military officials at the time said otherwise.
The U.S. Strategic Bombing Survey group, assigned by President Truman to study the air attacks on Japan, produced a report in July of 1946 that concluded (52-56):
Based on a detailed investigation of all the facts and supported by the testimony of the surviving Japanese leaders involved, it is the Survey’s opinion that certainly prior to 31 December 1945 and in all probability prior to 1 November 1945, Japan would have surrendered even if the atomic bombs had not been dropped, even if Russia had not entered the war, and even if no invasion had been planned or contemplated.