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CME chief Terry Duffy told Sam Bankman Fried a fraud to his face before the FTX debacle. I traded in Chicago in the 1990s. Tough, savvy, smart. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes
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CME chief Terry Duffy told Sam Bankman Fried a fraud to his face before the FTX debacle. I traded in Chicago in the 1990s. Tough, savvy, smart. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes
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| CME chief Terry Duffy told Sam Bankman Fried a fraud to his face before the FTX debacle. I traded in Chicago in the 1990s. Tough, savvy, smart. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes |
Enjoyed it, thanks!
Thanks for those videos Mike great job
Terry Duffy sounds like a Tough no nonsense MF that gets things done unlike many leaders in society today.
👍
Days before bankruptcy, It took Binance one day at looking at FTX books to figure out something fraudulent was going on with FTX. And there's still no arrest warrant for SBF. The SEC is so corrupt. SBF ties with Gensler is going to result in him walking. It's absolutely disgusting how corrupt the system is. He was the second highest donor to Biden after Soros. His parents on a Stanford salary bought $121 Million property in the Bahamas. His parents are also advisors to the World Economic Forum as epidemiologists. It's some serious BS this guy SBF. Business as FKEN usual
Proud to come from Chicago the "Fuck you" capital of the world!!!
Great story!
Rumor has it that Bankman Fried had a brown spot in his pants after his meeting with Duffy. 💩
That was a cool one Mike! Some history
Mid west ethos really came through for Duffy in this case.
💛👁
Define who's recession, the one percenters who make over 500k AGI per year, or the plumber, teacher, policeman, fireman, carpenter who make less than 500k, that bullshit about plenty of cash for savers the gubbamant is pushing , includes the billionaires and trillionaires in the average. I see recession in the working families , but maybe not in the asset shufflers, the 2500 bank lobbyists are going to cause thier own demise as the financial service sector continues to squeeze out REAL production.
Fisher of Fisher investments was on Fox also, he has a book how to spot a rat! He mentioned when people give thier money to a sales pitch, thier has to be a custodian of the money you hand over, and not a blind check to the salesman. Even with a custodian, the salesman of Enron bought good analyst and accounting companies into the fraud scheme, along with insider trading that was sanctioned by the CEO's and President of the USA. No guarantee when you lay your money down.
Austrian economists would say "They're printin money" and this excess liquidity always finds its way into an asset bubble.
Excellent quality Mike thanks for your teaching.
Very informative . Great stuff.
All well, if only we knew which quack is right, the one who says economy is catering or the one who says economy is growing?
I thought Belfort was a terrible communicator, but Terry Duffy was priceless! Never knew of him before, but will definitely look out for him in future.
If everyone is bearish for 2023, that’s bullish
This doomsday forecasting is omnipresent.
Good to hear the facts that you present as a ground from the rest of the noise .