As you may have heard, FTX, a popular cryptocurrency trading site that gained popularity after it featured A-list athletes like Steph Curry and Tom Brady in its commercials has collapsed. Today’s guest explains how the Enron-style scheme lost billions of dollars overnight.
Mark Moss, a nationally syndicated radio host on the iHeart network, a content creator on YouTube, a Podcaster, and the author of the new book “UnCommunist Manifesto,” says, “This token looked like it had value, which was traded on FTX, gained in popularity because people perceived it had value—value Alameda gave it, artificially.” As a result, thousands of unsuspecting investors bought a garbage token.
Host Robert Kiyosaki and guest Mark Moss breakdown the collapse of FTX and how you can prevent falling victim to similar scams.
Facebook: @RobertKiyosaki
Twitter: @TheRealKiyosaki
Instagram: @TheRealKiyosaki
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Finally, someone has said it like it is!
Thank you Robert
As usual a lot of important sounding nothingness
"This is the end of America" – sad that the American don't wake up
How can people give money back that was donated? The money was spent for the purpose that it was donated. The poor people can’t get their money back. That’s the punishment for being greedy and stupid investing in stupid shit.
America has made its way from the land of opportunities to the land of crooks, thieves and liars. Very logical outcome if you think it over. Plenty of unrestrained opportunities to con, steal and lie.
Feudalism
They took down Teraluna, BlockFi, Celsius, etc. then Kevin O’Leary tried to take down Binance. KO is a scammer trying to promote WonderFi, his own scamming company.
wait isn't he decribing government money ?
This crypto is is worth billions of billions of dollars of CONFIDENCE.this confidence as a joke rides on old and somewhat rotted chestnut telephone poles that holds up America's precious electric grid.this very very valuable bitcoin only only only exists on our electric grid.its not like gold or silver or even paper money.we will see how the Great future quantum financial system values it.
Mister Bob ,I hold you with the highest regards,I read your one book ,lots of knowledge.but americas sins are catching up with her,sorry but it's very much biblical ,when the call evil good and righteousness bad.america seems to worship in strange ways FOOLISHNESS.
Robert , I agree with everything you said I will now subscribe to your channel.
$ 15 Mil for Mr. Wonderful & Cuban too, what a let down!
I think we should just call him Scam Bankrupcy-Fraud
Your crypto advice has cost many of your youtube watchers thousands of dollars. But made many crypto gamblers thousands on the losses of your watchers – well done
Dude all these celebrities and YouTube financial channels sold out the people to line up their own pockets.
This is one of the main reasons I'm becoming an Ex-Pact next year.
Get off the politics please! I hate Trump! I just want the facts please.
Pitty about the blasphemy from such a great businessman!
Our time had reached its zenith, and it is now over. Everything not just FTX, Stock including 401Ks, are suffering from the recession and crashes. My $750K retirement equity portfolio is losing money. Because of inflation, I keep losing. Similar to how Rome fell under its despotic emperors, this world will also. I apologise if you are considering retirement but are concerned that your pension won't cover the rising expense of living. There are terrible foreign policies worldwide, as well as disastrous regulatory, fiscal, and energy policies.
The world is a giant casino. Crypto coins are the chips. It is literally a gamble. Most 'investing' is a gamble. Bet your life savings to maybe hit the Jackpot. Countries are the same. Just print Fiat money out of thin air. Again they are the 'chips'. The only difference is if the banks 'lose' they will be 'given' another load of money to gamble again. But not the poor 'man on the street' He/she will not be given the same chance.
The top people in government were involved in this fraud…