Feeling pretty good about myself, I have 50 dollars CASH and I’m not facing impending prosecution. I’m doing way better than this guy, Dr. Grande has once again improved my outlook and self-esteem!
@kayne8222 Жыл бұрын
😅
@princessofgenovia1407 Жыл бұрын
Thank you God my soul is peaceful with everything you give to me ,, health , loving friends , a peaceful home , a vocation, joy in life ! Amen
@casedistorted Жыл бұрын
Hell yeah I have $2,000 and many problems I have to spend my money on.. but I am not about to go to prison.
@arinerm1331 Жыл бұрын
@MisterHat You also have exactly the same number of Tour de France championships as Lance Armstrong, so that's two things going for you!
@craigfinnegan8534 Жыл бұрын
I remember in late summer 2019 walking in a field with my dog on a sultry NE Florida evening. In that moment I thought of Jeffrey Epstein, who was still alive but incarcerated. I didn't even need to be on my motorcycle to feel filthy rich by comparison.
@PeteC62 Жыл бұрын
The sad thing is that it's not only retail investors who knowingly used FTX who will lose their money, but totally unsuspecting people whose pension funds also invested in his scheme. I believe there's a Canadian teachers' retirement fund that lost $95m of their members' money in this debacle.
@znrctrnn Жыл бұрын
Do you think a Teachers Pension fund that invested in this has good management. It is the managers fault.
@PeteC62 Жыл бұрын
@@znrctrnn In as much as no retirement funds should be investing in crypto, I agree. but I was expressing sympathy for the future retirees, not the fund managers.
@elvisneedsboats3714 Жыл бұрын
Not sure what Canadian laws are like, but whoever is in charge of that fund has a fiduciary duty to the teachers. If investing in crypto isn’t a violation of that duty, then nothing is!
@KayBee659 Жыл бұрын
It’s a huge fund so that amount is just a drop in the bucket. They have a very diverse portfolio of assets across all classes, so not surprising that they’d have a bit in something as risky and speculative as crypto.
@KayBee659 Жыл бұрын
@@PeteC62 it’s a defined benefit plan, so when the teachers retire they will get an annual pension of 2% of their annual pay for every year they worked as a teacher, or so, and then it increases with inflation, what they will get is not dependent on how the fund performs.
@neurodivergentpixi6736 Жыл бұрын
Moral of the story, don't invest millions in someone who plays a video game during a business meeting.
@Dwightstjohn-fo8ki Жыл бұрын
Hundreds of millions. Call your psychiatrist in before you "invest" in any guy on this level, not your financial or bank people. A good head doctor. i.e. what's this kids profile???
@craigfinnegan8534 Жыл бұрын
Don't invest in anything that rents a room with a chandelier, either - see Harvey Mackay's Swimming With The Sharks, a good easy business read. In one brief chapter he noted the huge amount of money the entrepreneurs were spending (or rather, wasting) on the venue to woo investors for a basketball team that never materialized. The author walked out during the sales pitch and turned out to be intuitively right. The moral was "too much too soon is too little too late." Same with a Hollywood talent agency that tanked in a year. The guy who started it had recently been released from prison after his last agency went rogue. It had been hugely successful, like FTX. But he got criminally greedy, like Bankman-Fried. The new agency kept things clean but he put it together like I once furnished an apartment that I left after only 6 months - by spending 3 hours in Walmart.
@haldanesghost Жыл бұрын
Especially LoL.
@bthomson Жыл бұрын
MIT/Stamford elite - these people give the far right fodder for ridicule!
@cartninja6479 Жыл бұрын
No dont invest in something that doesn't produce anything
@michaelperez9966 Жыл бұрын
When someone says they own millions of dollars of cryptocurrency, they might as well be saying they own millions of dollars in Chuck E Cheese tokens.
@MoneyStrategiesSOULutions Жыл бұрын
Nah, Bitcoin is true crypto, and there is no CEO that can steal money.
@Jay-gf8tm Жыл бұрын
Boomer take
@SkeevyDaniel Жыл бұрын
@@Jay-gf8tm cope
@Jay-gf8tm Жыл бұрын
@@SkeevyDaniel stay poor
@GeorgeSmileyOBE Жыл бұрын
Own a food factory.
@pepelemoko01 Жыл бұрын
So basically , after having $32 billion Samuel is back in his old bedroom over the carport playing computer games and getting yelled at to clean his room and comb his hair.
@aac74 Жыл бұрын
His mother wrote a paper about how there is no personal responsibility and that everyone is just a victim of their environment. We will never know why this man ended up doing the things he did!
@MoneyStrategiesSOULutions Жыл бұрын
Wow so she is a psychopath and brought up a son to be one too.
@archstanton4365 Жыл бұрын
Marxist rhetoric
@JRPLawyeress1 Жыл бұрын
You’re messing with us.
@ImNotaRussianBot Жыл бұрын
Oh, another Chris Watts and Brian Laundrie mother? Creepy.
@hgbugalou Жыл бұрын
Don't think for a second he doesn't have at least a couple billion stashed somewhere.
@VickiBowers Жыл бұрын
Stunning how quickly and totally the whole thing collapsed. Great analysis, as usual 👍🏻
@JogBird Жыл бұрын
its not stunning at all to ppl who understand that crypto is a scam
@Shawaeon Жыл бұрын
Crypto is a complete scam and basically gambling. If you are lucky you can make money with it. Most aren't.
@davidvonkettering204 Жыл бұрын
Imposter!
@VickiBowers Жыл бұрын
@@JogBird Yeah, I never got any because I just couldn't get past the idea that it just felt like imaginary money.
@bthomson Жыл бұрын
David vK - I see a pattern!
@RealmCenter40 Жыл бұрын
One look at this guy and I wouldn’t trust him with $20 to make a beer run.
@TheSarah730 Жыл бұрын
😂
@craigfinnegan8534 Жыл бұрын
That reminds me of what I thought of Joe Biden back in 2020 - I wouldn't have bought a used car from him, let alone vote for him as president.
@dblockbass Жыл бұрын
lmao
@jaybee9269 Жыл бұрын
Looks like he lives under a bridge.
@Dwightstjohn-fo8ki Жыл бұрын
those eyes: sheesh.
@tamedshrew235 Жыл бұрын
Dr Grande, not only did you nail this one you did so artfully.
@distantraveller9876 Жыл бұрын
We need to stop calling these people visionaries and geniuses just because they made a fortune lying to investors and shareholders. Literally anyone can do that.
@MonaLisa-lu8zi Жыл бұрын
Well, what word suits. Gambler, thief, liar, conman, deceiver, loopey?
@WallStGayBear Жыл бұрын
You have done a better video explaining the collapse of FTX then most "financial KZbinrs".
@Buckshott_54 Жыл бұрын
Exactly!! And the “lame street media “ is even worse!
@Tigiri Жыл бұрын
most "financial KZbinrs" were sponsored by FTX
@Griselda_Puppy Жыл бұрын
Atozy also did a good job of breaking it down into simple but detailed terms that most adults would be able to understand.
@flaccidego4291 Жыл бұрын
There won't be much analysis or investigation of this scoundrels unethical & illegal dealings because of his political connections & let's face it, do u really think the democrat led DOJ under Joe Biden will lead an investigation into a guy who is the democrat parties top donor next to George Soros? Lol. This story will just go away. The top bankruptcy lawyer who dealt with the Enron crimes, illegal dealings & assets sales said that the cover up of Sam Bankrupt-Frieds crimes, which were obvious & went on for the last 2 years, make the Enron scandal & cover up look like the scrubbing of a traffic violation. And Bloombergs top financial writer said that the wiping out of 37 BILLION dollars in just a few days is not just the greatest collapse in fortune BY FAR in recorded financial history, but also SCREAMS the greatest scandal in recorded financial history. And let's also not forget that SBF also had a direct working relationship with Ukraine's (No Joke) "Ministry of Digital Transformation" in which he oversaw the conversion of crypto currency donations to fund Ukraine's war efforts!!!! And isn't it quite a coincidence that just a few months after sending Ukraine 14 BILLION dollar & 50 BILLION dollar "aid packages" Ukraine begged the US for another 37 BILLION dollars the very same week that SBF "lost" 37 BILLION dollars & Biden rubber stamped the aid request and just sent Ukraine another 37 BILLION! Yeah. I'm sure the unbiased media will be all over trying to investigate these connections.
@dereksbooks Жыл бұрын
Except when he began talking about secrecy, and how cash is less anonymous than crypto 🤦 Crypto isn't anonymous. In fact it's PUBLIC on the blockchain, every transaction and every wallet holding and movement available for everyone to see and audit. Any criminal who uses crypto instead of cash is a fool.
@DigitalNeb Жыл бұрын
As a guy that's lived paycheck to paycheck for his entire adult life, I can't help but feel a tremendous amount of schadenfreude regarding this guy's situation.
@robertobonani8571 Жыл бұрын
Ahah if and only if he goes to jail. Otherwise
@NAT-turners-Revenge Жыл бұрын
He needs his best adult years taken from him!
@vladimirputindreadlockrast812 Жыл бұрын
I 2nd that.
@alexanderfo3886 Жыл бұрын
I'm so with you. The first thing I thought of when hearing about this story was just Nelson Muntz yelling "Ha-ha!".
@FreeminderXIII Жыл бұрын
He still has millions though.....
@Dallasxy Жыл бұрын
I'm digging the new setup Dr. Grande, it makes me feel like I'm in your office getting direct therapy. A therapy method of making me feel better about myself by telling stories of how much worse my life could be 😂
@Sharon-yp1ci Жыл бұрын
"the curious connection between their last names and their behaviors.... Bernie Madoff made off with investors money. Samuel Bankman-Fried attracted people who wanted to be freed from banks then allegedly fried their money" As always....love the humor in addition to the thoughtful analysis
@susieangelo6410 Жыл бұрын
That was Genius, Dr. Grande! 🤣
@hova2781 Жыл бұрын
🤣🤣🤣🤣🤣🤣🤣
@alexanderfo3886 Жыл бұрын
This is exactly why I love this channel. I couldn't name anyone else able to deliver such hilarious puns with a straight face.
@nancyparker8363 Жыл бұрын
Why aren't "financial people" required to take a bond out on themselves; to protect others from a misuse of funds??
@angelaturner4376 Жыл бұрын
$2*50😂🤣to charity
@charlottereitberger6253 Жыл бұрын
Thank you for doing the work to be able to explain this mess to us. Really enjoy your podcasts. 🤙🇺🇸
@lawrencefrost9063 Жыл бұрын
Bank Man Fried Billions That Thumbnail is GENIOUS.
@CC-oi9mc Жыл бұрын
He was living in a borderline sex cult in the Bahamas w Alameda traders and they were all on meth constantly lol. How did you miss this part of the story?
@sergpie Жыл бұрын
Because of massive donations to the party of tolerance and diversity (USA democrats)
@Alritealritealrite Жыл бұрын
I had not heard that
@quester09 Жыл бұрын
some folks have all the fun
@ej295 Жыл бұрын
US TAX MONEY -> UKRAINE -> FTX-> DEMOCRAT PARTY
@josephaltman460 Жыл бұрын
@@sergpie at least he wasn't sex trafficking little girls and boys like the republiKKKons always get caught doing!
@rejaneoliveira5019 Жыл бұрын
This is way more intriguing than a Bankman who freed billions of dollars from investors.”😄 I certainly don’t know a lot about investments, but I try to keep finances on the conservative side. Dr. Grande, you are someone who can discuss pretty much any subject. I am so glad to be your subscriber! Thank you for everything.❤
@davidvonkettering204 Жыл бұрын
Imposter!
@cravinbob Жыл бұрын
Invest as much as you can afford to lose. Democrat checks from this kid obviously did not bounce just as Hillary invested a grand and it made 19 grand overnight and turned into 100 grand in a year all in cattle futures then Bill becomes gov of Arkansas. Pelosi's made millions overnight last year on Wall Street not withstanding scrutiny by lawmakers in the House which Nancy is Speaker of. Adam Schiff is keeper of all evidence and who is paying for storage warehouses for evidence of public enemy number Donald Trump?? Democrats have dismantled the 3 branches and jumbled them together while they try to prove a government overthrow attempt by Trump who ran the government for 4 years! Of course the FBI infiltrates every criminal organization to make sure crimes are committed correctly. The FBI tells the military to back off since the FBI has the coup in control and running smoothly! America is market savvy right? This punk can see into the financial future while internet "journalists" are predicting the US need not drop hydrogen bombs on Japan as they are preparing to surrender in 1945! I predict Americans will still not grasp inflation and save their dollars as they become less valuable in our "free market" system daily. Regulating a free market cancels the "free market" part. Prices rise and your dollar won't be enough to purchase so wait until you need more dollars for the same purchase. Do not mention underwater oil and gas pipelines Russia controls because nobody can see underwater. Climate change means no more cold winters. We will see soon if Europe stays warm this winter. If it should turn to freezing cold Russia will fix pipelines and supply free energy to all. I predict NOT! I do predict nobody will still figure out Microsoft's Zillow will still be invisible and 400% increase in housing "valuations" by zillow is a myth and zillow's competitors are not owned by zillow, still, as far as you know. Invest all you have until you have no money to worry about. Hire yourself to work at home if you can afford a home. I wish I were kidding you people but I will diagnose you but only partially: you all are only half crazy. You pay for printing of money loaned to president Biden and given to banks who loan it again to you and you pay more tax on what you buy and tax rates go up because inflated dollar is worth less and Biden will tell you to blame wealthy people who certainly cannot pay the national debt which is 35 trillion and rising.
@coweatsman Жыл бұрын
A case of the hare and the tortoise.
@bthomson Жыл бұрын
Hi Rejane - The diversity of subject matter is truly awesome! Hope your holiday season will be peaceful and financially safe! 🦃🎄🎉
@rejaneoliveira5019 Жыл бұрын
@@bthomson Yes, I definitely love the diversity of topics! Thank you, I wish you the same!😊
@wiseone1013 Жыл бұрын
The halo-effect is extremely powerful. His disarming style put others at ease and lured them into a false sense of security. Effective altruism sounds wholesome and helping others like that appeals to our noble, virtuous side. Nobody thought a crook will preach those things and this was an interesting example that it isn't only gullible religious people who fall for charismatic conmen. We all project unto others what we would unconsciously want them to be.
@craigfinnegan8534 Жыл бұрын
When we only know enough to be dangerous, we're attracted to other people who only know enough to be dangerous.
@casedistorted Жыл бұрын
He makes me uncomfortable and someone who is TOO altruistic like he is def makes me feel like it’s a scam.
@pauldziejman Жыл бұрын
Agreed. True philanthropists don't go around blabbing about their good deeds to the world. Like those tiktok guys giving money to needy people and taping it like their some kind of savior.
@xporkrind Жыл бұрын
This was your highest achievement as a poet and philosopher. Absolutely brilliant.
@Johnny_Depp_Addicted Жыл бұрын
*Mr James is legit and him method works like magic I keep on earning every single week with him new strategy*
@justinajoshua9369 Жыл бұрын
You're right
@justinajoshua9369 Жыл бұрын
That is why I had to start crypto trading 2months ago with,
@justinajoshua9369 Жыл бұрын
expert James Gifford and now am making benefits from it.
@richard3971 Жыл бұрын
Natural, there’s a lot of math involved in cryto trading and forex trading,
@richard3971 Жыл бұрын
but this is often presented in forms of daunting technical charts, indicators, patterns.
@Compulsive_LARPer Жыл бұрын
Doc, I think you should do a part 2 about this case, considering the sheer amount of bizarre information that has come to light recently. I'm sure it would be a really informative speculation of what could be happening in a situation like this.
@AllHijinksNoHighDinks Жыл бұрын
This all sounds very familiar to me, watching all of my previous bosses at BitMEX get federal indictments. I departed that firm before all that drama went down...but man that industry serves up hot tea like no other.
@terinn7115 Жыл бұрын
Dude, I have to give it to you. You REALLY did your homework on this, and this is not an easy topic. Kudos.
@Chris-ui4rg Жыл бұрын
Clear analysis. Factual, concise, and in classic DTG form, ever-so slightly funny.
@RR-et6zp Жыл бұрын
psychology is mostly bs
@Vgallo Жыл бұрын
What’s dtg?
@Chris-ui4rg Жыл бұрын
@@Vgallo Dr. Todd Grande - I believe his rapper name is DTG. Don’t quote me on that.
@avahsieh4645 Жыл бұрын
Research and cover this case so soon? Dr. your industrial professionalism is admiring.
@Andrewbert109 Жыл бұрын
The smile you can see him suppressing when he says "$3, that is, 3 ordinary dollars, no billion involved" is priceless.
@WhatsUpWithSheila Жыл бұрын
Fake Money in a Fantasy Universe.... what could go wrong🤷♀️ Edit.... I remember when this guy said *Boomers* would not understand. And he was right because we're old enough to use logic when things don't make sense.
@craigfinnegan8534 Жыл бұрын
@@pain5835 It's a lot better than having no money at all, like Bankman-Fried.
@bighoss8793 Жыл бұрын
Never under any circumstance under estimate the power of stupidity.
@carstenrasmussen1159 Жыл бұрын
I don't think the idea of crypto currency is to be anonymous but more to be free from banks and central banks.
@Ginyu Жыл бұрын
^^^^^^
@robbchastain3036 Жыл бұрын
Thanks, Dr. Grande, and one wonders how much of a boost he got from the pandemic with people wanting a return on their dollars when traditional businesses were sidelined and what not. Very sad for the regular folks who lost their money and not a good look for the celebs who hawked it to their adoring fans. And that's another lesson here, just because people can score points in a paid athletic contest doesn't qualify them to pitch a risky investment. I mean, colas or cars or vacations at Disneyland, sure, just not this sort of thing which involves real money from real people, yikes.
@user-eu3qy8uf7f Жыл бұрын
Lots and lots of folks touted crypto as the new frontier in finance. I bought some when bitcoin was going up. One morning I woke up with dread and this little voice said GET OUT its NOT real. I sold off all 10k and never looked back. Bitcoin has fallen steadily ever since. And just by looking at some of these new "geniuses I wouldn't trust them to tell me the time of day. If it sounds too good to be true-IT IS!!! Great video Dr. Thank you.
@Vgallo Жыл бұрын
I’m kinda shocked that you watch this channel and think that’s sound analysis, just because you heard a voice- listened to that voice and “subsequently” Bitcoins value fell after you cashed out- doesn’t prove crypto or even Bitcoin is not a legitimate currency or investment. Bitcoin has fallen before and still has the potential to regain that value, central banks and governments are designing their own crypto- I think this is a much better reflection on the value of crypto than the “voice in your head” - no offence. And I’m glad you got out when you did, I’m just trying to point out that these set of actions doesn’t reflect the value of Bitcoin.😊
@user-eu3qy8uf7f Жыл бұрын
@@Vgallo No need to be shocked or even surprised. The voice in my head was NOT an analysis of bitcoin complete with flow charts, graphs, algorithms and the like. I am firmly grounded in reality BUT I know the limitations of it. The "voice in my head was a deep intuitive knowing that it was time FOR ME to cancel that investment. Was it correct? Yes. Bitcoin slid down and I would have lost money. Some could argue that it could have gone up and I would have missed gains but that proves a point. What if I had woken up, heard the voice and told a friend-who would, like you have likely said "Oh no bitcoin is going places yada yada yada and then, to be liked or go along I went against the voice and stayed invested. There were people all over the place screaming for folks to get bitcoin and a few people did make money. Same thing happened with Tesla. Same voice. Same wake up call. I didn't tell or consult anyone else. I sold and almost doubled my money and got out. Tesla has had problems since. Again these entities may be viable and may some day be as mainstream as quarters but no longer FOR ME right now.☺🎵🎶
@shannonwreede6475 Жыл бұрын
“3 ordinary dollars.” You kill me Dr. Grande.
@lmtt4786 Жыл бұрын
Love it
@malcolmveazie5394 Жыл бұрын
I worked as an auditor for 20-plus years. Even with a degree in accounting and years of training, the best advice I got was from an audit mentor who told me the following: (1) Trust your own intelligence. And, (2), transactions should be at least mostly clear at first glance and fully clear at second review. If not, it is probably fraud.
@elvisneedsboats3714 Жыл бұрын
So he went to MIT and got a degree in physics. Let’s trust him to run a multi-billion dollar company that has nothing to do with physics. Yeah, that sounds about right.
@erinthesystem9608 Жыл бұрын
Yes (to your comment!)! It's as if being intelligent or successful in one field is going to automatically translate into success in ANY field; however, this isn't the way minds or lives tend to work.
@williamm8069 Жыл бұрын
Bezos studied I believe electrical engineering at Princeton.
@Dwightstjohn-fo8ki Жыл бұрын
@@williamm8069 and both knew the money was in New York, so Bezos went to Goldman (not Bankman) and the rest is history. But he ALSO had a regime change idea of substance. Being in "logistics" most of my life, that industry NEEDED a real reality check.
@elvisneedsboats3714 Жыл бұрын
@@williamm8069 I admit I know next to nothing about Bezos. Any other parallels with this guy? I just read an interview and he blames his downfall on “messy accounting”. Dude lost $32 BILLION and he blames messy accounting! He doesn’t sound like he’s competent to run the local McDonalds franchise much less a multi-billion dollar crypto company. In reading his interview, he sounds like a total “bro”. I don’t think I’d trust Crypto Bro with my money. Then again, I don’t really understand cryptocurrency anyway. Sounds like a huge Ponzi scheme to me.
@xinfuxia3809 Жыл бұрын
Larry David is a comedy genius. Tom Brady is the GOAT of QB. Stephen Curry is the most prolific 3 pt shooter in NBA history. They all believe in crypto :)
@anonymousstrangeness7348 Жыл бұрын
I found this story to be amazing and puzzling. Thank you for another great analysis, Doctor Grande ☺ 👍
@timelessmusicfamilymusic9175 Жыл бұрын
I never heard of FTX until it became big news, I like how you clear things up in specific terms.
@senarodrigo Жыл бұрын
"to remain in the realm of the non-incarcerated" 😆
@joannacruz3170 Жыл бұрын
Great analysis as usual! One quick note-there are already regulations against theft and fraud. There is very little evidence that more regulation would have stopped this. The “regulators” didn’t discover the fraud, other people in the industry did.
@MRptwrench Жыл бұрын
"I'm not like all the other conventional geniuses" is what all the unconventional grifters say.
@moobrien1747 Жыл бұрын
Nice lol
@cognitivedissidents4642 Жыл бұрын
“That boy ain’t right!” - Hank Hill, “King of the Hill.”
@Big_Tex Жыл бұрын
Dang it Bobby!
@loualiberti4781 Жыл бұрын
Very Good Synopsis Doctor. Much appreciated to see such a balanced breakdown.
@casedistorted Жыл бұрын
I still don’t quite understand just how $32 billion can up and disappear. Like EVERYONE took their money out at once and poof there goes $32 billion?
@murph8411 Жыл бұрын
Because it’s value is only there when people believe it’s there. If a company doesn’t make anything and has no tangible real assets it’s value is mostly in the minds of investors. I don’t know how FTX worked exactly either but if they allowed people to transfer their bitcoins into their own currency as it seems it could be like someone buying a million dollars worth of bitcoins from you when it was lower and then asking to withdraw their money when your investment was worth 100 million. If there is a run with people like that you’ll soon have no money left to pay everyone. Even if the value of their own currency was crashing and you were holding that. Not forgetting he seems to have used customers money to finance his trades and buyouts all the while losing their money on the quiet which would make paying people out even harder.
@tammyburke9453 Жыл бұрын
Dr, Grande is the Joe Friday of his videos. Always love coming here for breaking news, dude works feverishly! Best though is the way he gives all the deets most others leave off + analysis = Superb !
@denisew3631 Жыл бұрын
Love the new background; especially the blue backlighting for your cactus friends 👍🌵. Oh...and the analysis was A+ as always.
@A_Foolish_Arrangement Жыл бұрын
Love the new studio, Dr. Grande !
@AC-ux3fv Жыл бұрын
Dr. Grande - thank you for explaining this tumultuous ordeal. And by the way I just subscribed to your channel. Once again thank you for the awesome job you do, you are the BEST.
@RR-et6zp Жыл бұрын
its mostly bs
@Grazimoto1 Жыл бұрын
Very informative video, thank you for the breakdown. I was NEVER attracted to the idea of investing in crypto. Call me crazy, but all I've done for most of my adult life is work a blue collar job, invest a decent portion of my earnings in a home purchase, a Roth IRA, and a couple rental properties. Now at age 53, I certainly never became a billionaire, but I can now live comfortably knowing that I'll never have to struggle in retirement... and for me, that's good enough.
@Sunnydreamer1470 Жыл бұрын
Sounds great to Me!!! 🥰
@tamaraclaw Жыл бұрын
I unfortunately have the displeasure of knowing Bankman-fried's aunt; she pissed off a lot of people in our community.
@sarahjoines9343 Жыл бұрын
Runs in the family then
@WindTurbineSyndrome Жыл бұрын
Well ... That is interesting. Sounds like a difficult neighbor
@tamaraclaw Жыл бұрын
@@WindTurbineSyndrome Not a neighbor, the aunt lives in my county in Florida. She has upset many people in my county with her shenanigans.
@sophiaisabelle01 Жыл бұрын
A genius can be capable of committing such heinous crimes. Seems like this may be one of Dr Todd Grande's concise analyses.
@stevenjambrozy2057 Жыл бұрын
Now he can buy a Powerball ticket with all the bells and whistles for 3 bucks...
@craigfinnegan8534 Жыл бұрын
He'd be sweating with his ticket in his hand at the very moment the winning numbers were announced.
@BurroGirl Жыл бұрын
Loved the word play with the two men's names Dr. G!
@fishface123ism Жыл бұрын
Dr G, what the heck happened to your brick wall? I loved that wall! Thanks for this video as I needed to know a little bit more about this and your perspective is always so appreciated.
@jackiegrice714 Жыл бұрын
There’s never going to be a shortage of investors who want to have their cake and eat it, too. That’s something you can bank on. Thanks for sharing this one Dr Grande. And I like the way you’ve switched up the thumbnail.
@briweeks71 Жыл бұрын
From the research I have heard from others, SBF really didn't care about crypto or its future. That was all a charade.
@gregedenfield1080 Жыл бұрын
I wouldn't give this guy a dollar in front of McDonalds.
@TheWorstThingEver Жыл бұрын
I am always confused about this "net worth" stuff. If the money can disappear in a matter of hours, how can it be real wealth? Can you "cash out" some of that net worth at some point? Why not do that rather than have imaginary holdings? If I had a "net worth" of $1 billion, I would cash out as much of it as I could while I could. That is, of course, unless that's not possible.
@laken1804 Жыл бұрын
My thoughts exactly. Put it in something tangible like real estate. At least you can see it.
@chris2790 Жыл бұрын
It's based on expected perceived value over time into the future. Effectively earning potential over time. Example, if you were a robot, with all of your current abilities intact, the person that created you could sell you for an insane amount of money, many times over cost of parts and labor used to build you because of the amount of wealth you would generate over time. Yes there is risk involved because nobody can guarantee expected outcomes in the future. That's what Musk was doing a few years ago with auto pilot, increasing the price at the time by several thousand and telling people to "lock in now" at a small premium and when level 5 full autonomous driving came, you would get that upgrade and your vehicle would be worth much more than what you paid for it. New ones would be priced well over 100k because of the value they would bring owners. Mostly companies with a fleet of them for providing transportation services to the impoverished masses. But all the hype over self driving cars has seemed to vanish, hasn't it? It's kinda funny. MAYBE some day, I rather hope not, in spite of the neat factor and convenience, but that's a whole different story...
@WindTurbineSyndrome Жыл бұрын
His wealth was built on investor money soon as run on his business where investors demanded money back by selling (what's known as a run on the bank,). Once that happened his worth collapsed because it was built on fractional lending. He also loaned investoronry into his high risk investment firm and used his crypto firm as a personal piggy bank. Ponzi schemes always operate similarly. They need huge cash infusions to keep it going to feed the illegal activity of paying huge returns to generate more investors. That's how I understand it. It was as Dr grande says a shell game
@laotorrr1253 Жыл бұрын
I hope you do a follow up to this in a few months after more info emerges.
@lisamccaffety-scott3761 Жыл бұрын
Dr. Grande I am so glad you covered this! It is arcane and boring to the vast majority but such a huge event n the global economy, AND a playfield for the rising generation of innovators…. For good OR for detriment of society. Thank you for being a tech nerd! ❤
@gailbrevittlenton6667 Жыл бұрын
"Priceless" humour as ever, Dr. Grande 🤭 Thanks for the perspective 😊
@manewland1 Жыл бұрын
Thanks as always, Dr. Grande!
@DavidDeeble Жыл бұрын
Give him this: he dresses for the job he wants, not the job he has.
@craigfinnegan8534 Жыл бұрын
But an orange jumpsuit is more "him."
@jbs. Жыл бұрын
Most cryptocurrencies are the opposite of anonymous. They rely on the fact there's an open ledger of all the transactions, and ownership of the money is auditable by everyone. There are privacy-focused coins like Monero, which makes it challenging to analyze by implementing the CryptoNote protocol, but that's a slim minority of crypto coins. Paper money is still a much better choice for most anonymous transactions, assuming you have some way of exchanging physical money.
@damienhunt4264 Жыл бұрын
Not diggin' the new backdrop.
@georgeadcock2347 Жыл бұрын
The ethical maneuver should be that all politicians return the money that FTX donated to them. Anyone that doesn't do that should be censored. Let's see who is honest and who is not. Consider the people who had money stolen from them fraudulently....
@PepeDeezNutz Жыл бұрын
This clown what is the second biggest donor to the Democratic Party after sorrows
@waaromweldan Жыл бұрын
I miss the brick wall behind you… 😢
@eskay2012 Жыл бұрын
Always enjoyed Dr Grande’s posting, bet he will be success if he move on to podcasts!
@bohobabie5987 Жыл бұрын
Not to forget about the money ties that to the Ukraine that were discovered…
@derstoffausdemderjoghurtis Жыл бұрын
Dr Grande is sometimes not as brave as I would like. On the other hand I assume he appreciates having working brakes on his car and not being suicidal, so I can understand his behaviour.
@katetruthseeker2758 Жыл бұрын
Dr Grande is putting in all the work!! Thank u Dr for all you do.
@ronfroehlich4697 Жыл бұрын
He won't get into nearly as much trouble as a guy who robs a gas station for five hundred dollars.
@Griselda_Puppy Жыл бұрын
And therein lies the difference in "punishments" between blue collar criminals and white collar criminals.
@aggerleejones200 Жыл бұрын
Yup, nothing will happen to him. It will be just like the 2 Federal Reserve officials that were recently caught insider trading... their punishment... they had to retire. US citizens sit silently while the Federal Reserve (which is not federal at all, it's a private institution) steals their money and wreaks future generations. In the last few years we have printed trillions of dollars and do we have anything to show for it? Better healthcare? Better infrastructure? Better schools? Is our standard of living any better? Nothing... but hey, the 1%ers made more money. We sit silent while congress members have better returns in the stock market than the professionals. They are allowed to trade based on laws that they enact. They have figured out the recipe for control.... work them to death so people just want too come home and have a drink and watch TV, make them afraid (covid, China, Russia, etc) and get them to fight with one another (dem vs rep, abortion, etc.). Put it all together and what do you haver? Total control!!
@ronfroehlich4697 Жыл бұрын
@@aggerleejones200 whammy
@cd5433 Жыл бұрын
There’s no way he’s only worth 3 dollars . He most definitely has hidden crypto assets . FTX getting “hacked” and losing 600 million is no coincidence. The timing is just incredible . Right after they collapse their only remaining coin gets hacked and stolen.
@eadweard. Жыл бұрын
Hack happened beforehand.
@craigfinnegan8534 Жыл бұрын
You're probably right, but he's only going to be using a good chunk of that money for lawyers until he's in prison and can't use what's left until he's out.
@chamuuemura5314 Жыл бұрын
This was a great analysis. As a past victim of fraud from, thankfully on a smaller scale, the parallels you present are amazing. They may meet in Hell but they’ve likely never met yet, but their approaches are as though they studied fraud from the same textbook. Is there any way to do a “deep dive” into the psychology of how these types present themselves to the public and how we can avoid them?
@moonbeanification Жыл бұрын
People get dazzled by "young visionary geniuses." But many of these 'geniuses' are missing a few chips. Humility and wisdom, for starters. 😐
@MyCryptoJourney Жыл бұрын
Dr G! My favorite KZbinr covering my favorite topic! Cryptocurrency. What a crazy situation, Right?
@btetschner Жыл бұрын
Great play with words! Hahaha, he is strapped for cash now! He might want to start cutting out coupons. In a way he is blessed, those other people never seem to be out of money to face the consequences of their actions.
@m.f.richardson1602 Жыл бұрын
I never understood crypto. Always interesting. Thank you Peace 💕🇺🇲
@markmarco2880 Жыл бұрын
Thank you for shedding light on a topic, crypto-currency, that I have so much trouble wrapping my head around.
@miasaurusxx Жыл бұрын
amazing analysis! looking good with your new background 🥰❤️
@BucketHeadianHagg Жыл бұрын
I really like the background being nice and clean behind you! It really makes your cacti stand out!
@luizf.9999 Жыл бұрын
Dr. Grande, you've fried this bank man up in such an artsy-elegant manner I love it so much. Thanks for this.
@junkiejackflash Жыл бұрын
Ya gotta wonder how they figure that 3 dollar net worth. I'd like to believe I have a net worth of AT LEAST 10.
@SandyRiverBlue Жыл бұрын
I don't know how rigorous of a review Sequoia's audit could have been if it ignored the fact that none of the many companies SBF was running kept healthy business records. I mean any GAAP-trained accountant would be able to figure out that the balance sheets didn't look right. I guess it makes sense, when you can print up money overnight, the basic accounting formula (Assets=Liabilities + Equity) doesn't really mean anything. Also, visionaries are overrated, they have the oddest way of dying in the most preventable of circumstances.
@craigfinnegan8534 Жыл бұрын
Sam Bankman-Fried was never really successful in the first place. To me, anyone in their 30s living with 9 roommates, sleeping only on couches, and playing videogames while making deals on the phone is essentially a failure regardless of how much money he makes - failure being defined as falling short of one's potential on the inside of oneself, not on the outside. It shows how wrong it is to think in terms of how much money anyone's worth. The only thing that ever really matters is what we're worth as human beings, not as income earners. Sam Bankman-Fried's true worth all along was revealed in the final outcome...bankruptcy.
@LluviadeOrugas Жыл бұрын
That’s a great definition of failure
@craigfinnegan8534 Жыл бұрын
@@LluviadeOrugas My 3 siblings are all socially successful, 2 in terms of money and professional status, one in terms of official religious status. I'm the social/financial nobody in the family. But I made an ongoing conscious choice to go in the direction I did, which outwardly has been no direction at all. But inwardly, spiritually, I'm filthy rich. For years now I've been feeling like the only truly successful one in my family of origin.
@macgirlcokey Жыл бұрын
I lost it at the “fried” comparison to frying ppl’s money 😂 & the “ran off” comparison; I was hollering! Dr. Grande stop making me laugh at videos like this!! 😂😂😂
@pettylittleliarbussy Жыл бұрын
Why did I think the thumbnail was Ethan Klein
@jn715-i3h Жыл бұрын
This reminds me of the guy who was responsible for the Fyre Island debacle and the collapse of some consumer credit product that went with it.
@dsullivan1018 Жыл бұрын
Wonder how much his parents invested, and when they got out? And where he has the rest of the money stored, 1 b is somewhere and I am sure he knows where.🤔
@JudeMarchisio Жыл бұрын
I've been waiting for this!! Thanks Doc!
@bungalobill7941 Жыл бұрын
Never trust a guy with 26 billion dollars who can't afford to go to Supercuts. Mama always said.
@jessieeads4509 Жыл бұрын
My financial philosophy has always been if you don't have it in your hand you ain't got it ! ! !
@kathleen7849 Жыл бұрын
Wait till we are a cashless digital world.
@SvenGehlen Жыл бұрын
It is all just a cohencidence. That's just how things are sometimes.
@vensheaalara Жыл бұрын
Usually, cooking the books refers to baking, I'm sure. This deep-fried variety is new. Sounds tasty.
@helpyourcattodrive Жыл бұрын
Wow, this one sounds interesting. I heard about it on the news. Can’t wait to hear Grande’s case analysis. Let’s do this. Thanks, Grande!:)
@davidvonkettering204 Жыл бұрын
Imposter!
@tracybeeeee Жыл бұрын
@@davidvonkettering204 Retsopmi! What's the spam for, bud?
@davidvonkettering204 Жыл бұрын
@@tracybeeeee somebody has decided to spread my ID around the YuTube without my permission or knowledge--it is a strange thing, because when I click on the Icon, I get taken to the user's real channel and the name returns on the comment section to the real person. Sorry if I confused you! BTW: what IS 'Retsopmi?.
@@psingerman4778 I got so flustered my brain stopped working!! Thanks, I'm old and sometimes I need help.
@porkch0mp538 Жыл бұрын
You're the OG KZbin Psychologist. Glad to see things haven't changed. Cheers
@jules2679 Жыл бұрын
I enjoy all your analysis, very interesting and thought provoking.. I wonder if you could analyze the case of Chris Dorner, the ex LAPD officer that went on a killing spree, if you haven't done so already. There's a lot of interesting detail in the timeline and psychology of the individual. Thank you
@Aenima308 Жыл бұрын
I hope you aren’t one of the people who support Dorner. If you go to any of the videos about him the comment section is filled with people supporting him. It’s disgusting.
@AceOfSpadesX Жыл бұрын
His video on Chris Dorner can be found here kzbin.info/www/bejne/b52VepxooJqnb7M
@Beefystumeat Жыл бұрын
He covered the case in a video from 2020.
@mistrjt9213 Жыл бұрын
Here it is! kzbin.info/www/bejne/b52VepxooJqnb7M
@jules2679 Жыл бұрын
@@Aenima308 no I don’t support anyone who’s gone on a killing spree. I simply find the analysis on these types of individuals interesting. That’s kind of the point of these videos
@karlbrowne3361 Жыл бұрын
I love Dr. Grande, I have admired and watched his channel grow from afar. He presents very well with his image is always immaculately maintained but what is most important is that between sentences he never slops or slaps his lips. Nothing annoying there. A lot of effort put into the basics as I just mentioned. Wishing you well moving into 2023 ❤️
@cmthomas07 Жыл бұрын
I agree with you about the mouth noises, so distracting.😊
@karlbrowne3361 Жыл бұрын
@@cmthomas07 It’s a pet hate of mine, maybe it is with many. Thanks for your comment
@cmthomas07 Жыл бұрын
@@karlbrowne3361 My now 18 year old grandson (who my husband and I raised, since birth along with two of his sisters) has struggled with Misophonia all his life. Maybe he got it from me, I can be brutal about some mouth sounds, especially when the host noise maker is amplifying said mouth sounds with a microphone. 🎙️🤨🙉
@maryjanerx Жыл бұрын
Damn hes more broke than me!!
@BurroGirl Жыл бұрын
Oooooo changing colors in the lighting matching your shirt!