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Comment by chairmansteve

1 year ago

90 million dollars missing and 250 million dollars frozen. That 250m probably needed by some people to pay rent.

Backed by Andreesen Horowitz who are conducting a scorched earth jihad against all government regulation.

https://finance.yahoo.com/personal-finance/synapse-bankruptc...

The sad thing is that most people don't learn lessons from history. It took me far too long to start learning lessons from history.

After an asset bubble and collapse people will understand why we have a lot of the regulations from the 1930s.

  • Sadly I don’t think it will happen.

    In previous crises people could depend being educated by mostly responsible media . Today both mainstream and social are entertainment first don’t care for truth or their role in educating the society .

    It is more likely they will be taught to blame some boogeymen who have nothing to do with the problem rather address the real one .

    • Oh no, the medias got actually way more responsible after the World War. Before the war, mainstream media were more like super-biased propaganda machines. Only after the world wars society realized they need more toned-down truth-first analytical medias.

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That's not really a lot compared to what Wallstreet is steeling daily.

  • Ugh that’s not a quality on its own.

    Someone who „steals less” is not better.

    Still fucking thieves.

You do understand what you described is basically Bolshevik/French revolution only different times.

Some men with some power using young starry eyed young people to grab much more power from incumbents.