Failure Of FTX: The Evil Results Of ‘Altruistic’ Intentions

Another theory points to his ties to U.S. regulatory companies and the fact that he was the second-largest donor to President Bidens 2020 project: possibly SBF was a federal government plant. Why are careless federal governments still in business?Governments Are SpecialFirst, federal governments are simply like other services in that their debt-fueled spending plans endure off trust. While you and I have to work to pay off our debts, a governments central bank can simply buy the federal governments financial obligation and hand over billions with a few keystrokes.

Another theory points to his ties to U.S. regulative firms and the reality that he was the second-largest donor to President Bidens 2020 project: perhaps SBF was a government plant. Source.Many governments today carry debt problems exceeding their whole GDP– including the U.S. Even if political leaders invested all the cash raised by releasing that debt on programs they genuinely thought would help residents, there is now a huge hole in the balance sheet that needs to be paid back. To a politician with good intents, consistently taking on debt to pay for continuous federal government programs and servicing existing debt may look like just doing the most good for residents and the world. Why are reckless governments still in business?Governments Are SpecialFirst, governments are just like other companies in that their debt-fueled costs plans endure off trust. While you and I have to work to pay off our financial obligations, a federal governments main bank can merely purchase the federal governments financial obligation and hand over billions with a few keystrokes.