12/13/22: Twitter-Trump Censorship, Fusion Energy Discovery, Putin Humiliation, RNC Turmoil, Qatar EU Bribery, German Far Right Coup, CoffeZilla Interview
Dec 13, 2022
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In this insightful discussion, guest Coffeezilla, a YouTube journalist renowned for exposing crypto scams, shares his experiences interviewing Sam Bankman-Fried. The conversation dives into the shocking details of the FTX fraud and the impact of Bankman-Fried's actions on the crypto landscape. Topics also include Twitter's censorship of Donald Trump, recent breakthroughs in fusion energy, and bizarre international corruption involving Qatar. With humor and sharp analysis, they tackle the urgent complexities of modern politics and accountability.
Scientists achieve net energy gain in a fusion reaction, a major breakthrough in clean and limitless power.
Putin cancels annual press conference, suggesting things are not going well for Russia in the Ukraine conflict.
US government funds overseas mineral projects to address raw material shortage in EV industry.
FTX founder admits to fraudulent practices, raising concerns about customer fund safety.
Deep dives
Breakthrough in Fusion Energy: Achieving Net Energy Gain in Fusion Reaction
US government scientists have achieved a net energy gain in a fusion reaction, a major breakthrough in the pursuit of limitless zero-carbon power. This milestone, known as net energy gain or target gain, has eluded scientists since the 1950s. Fusion reactions emit no carbon and produce no long-lived radioactive waste, making them a clean and abundant alternative to fossil fuels. While commercial viability is still a long way off, this achievement could lead to a clean and limitless source of energy in the future.
Putin Cancels Annual Press Conference Amid Unease Over Ukraine War
Russian President Vladimir Putin has unexpectedly canceled his annual press conference, a highly anticipated event that usually lasts for several hours. The cancellation comes as tensions rise and unease grows over the ongoing war in Ukraine. While the exact reasons for the cancellation are unclear, it is seen as a significant development, suggesting that things are not going well for Russia in the conflict.
US Government Funding Overseas Mining Projects for Clean Energy Minerals
The US government is reportedly providing funding for around a dozen mineral projects overseas to secure resources essential for lower-carbon technologies and electric vehicles (EVs). This move aims to alleviate the raw material shortage affecting the EV industry. By supporting mining projects abroad, the US hopes to address the mineral supply chain challenge and reduce its reliance on other countries, notably China, for critical minerals.
Putin Cancels Annual Press Conference Amid Unease Over Ukraine War
Russian President Vladimir Putin has unexpectedly canceled his annual press conference, a highly anticipated event that usually lasts for several hours. The cancellation comes as tensions rise and unease grows over the ongoing war in Ukraine. While the exact reasons for the cancellation are unclear, it is seen as a significant development, suggesting that things are not going well for Russia in the conflict.
FTX Founder Admits to Fraud
In a recent exchange with Coffee Zilla, the founder of FTX, Sam Bankman-Fried, admitted to fraudulent practices on the platform. Specifically, Bankman-Fried disclosed that customer funds were not kept separate as promised and were instead used for risky trading decisions. This admission confirms allegations of fraud and raises serious concerns about the safety of customer funds on FTX.
Tactics of Crypto Scammers
Crypto scams often involve individuals who come out of nowhere, lacking a notable pedigree, but gaining quick status and wealth through deceptive advertising. They market get-rich-quick schemes or promise high returns with undisclosed risks. A common tactic is to deflect scrutiny by invoking complicated financial instruments or unrelated ventures. As seen with the FTX case, scammers may fund institutions, donate to charities, or create an air of influence and expertise to build credibility and avoid questioning.
Challenges in Exposing Crypto Fraud
The mainstream media's ability to uncover and expose crypto fraud often lags behind due to a lack of understanding of the crypto world and an incentive structure that prioritizes access over holding individuals to account. Journalists may become too cozy with their subjects, leading to a reluctance to challenge or investigate claims. Additionally, the influencer culture and the rapid growth of social media platforms create blind spots that allow scams to flourish until they become large-scale catastrophes.
Krystal and Saagar bring the news about SBF’s Arrest, Bari Weiss Twitter Files, Fusion Energy, Putin, RNC, Qatar Corruption, German Prince Arrest, and an interview with Coffeezilla on his SBF interviews.
