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GENCO Profile picture
@gencostocks
Nov 11, 2022 • 13 tweets • 5 min read • Read on X
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🚨Did Epstein's Island truly shut down, or did it just move?

There's a lot of weird shit that is slowly coming out in the fallout of #FTX going bankrupt...

🧵
FTX was founded in 2019 and somehow managed to quickly become the biggest name in crypto

Sponsored the MLB and basketball arenas, SBF heavily lobbying members of Congress, his face is all over the place as "the next Warren Buffet" Image
How'd he elevate to such a position so quickly? Let's look at his parents

His dad has written about & made a career off of getting rid of the "cash economy" and helping the govt find tax evasion (odd that his son his the biggest name in crypto)

His mom is a major dem operative ImageImage
Looks like the CEO of FTX (& SBF's gf) also has connections in high places

IMO, this whole thing seems like a weirdly arranged business/sexual partnership with ulterior motives

SBF was one of the largest donors to Democrat candidates, second only to...George Soros

SBF gave the second largest donation to Joe Biden’s presidential campaign in 2020 Image
One month after the war in Ukraine started, DC puppet Zelensky partnered with SBF for crypto donations... Image
We've come to find out that Sam's "minimalist, poor" lifestyle was completely a front..."I drive a Corolla!"

He lived in the Bahamas in a multi-million dollar mansion with his closest circle of friends where they'd have drug-fueled orgies apparently Image
Two weeks ago a big-named crypto developer who lived in PR was sounding the alarm on the CIA and m0ssad running a pedo elite cult in the Caribbean

shot, chaser ImageImage
Now for where it gets even more interesting...

Alameda Research headed up by Ellison (mentioned earlier) and under the FTX brand. Here's their logo Image
Let's not forget Sam - the man himself... Image
h/t to @BooRadleyLegit for getting the ball rolling on this
If you enjoyed this thread, please like, rt & follow
Amazing how much this blew up! Started the today with ~50 followers lmao. Please check out my substack where I write about all things finance

genco.substack.com/p/american-nat…

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More from @gencostocks

GENCO Profile picture
Dec 4
The ongoing saga of Volkswagen is emblematic of a dying Europe. It's worth paying close attention to because it encapsulates many issues surrounding the EU

🧵 Image
Right now, 100k workers (1/3 of VW employees) are on strike as the company is scrambling to cut $11B in costs by next year...

This would include wage-cutting proposals, plant closures. This is in addition to the first German plant closure in the company's almost 90 yr history
Why is this happening? Germany - more broadly, most of Europe - has not recovered economically since the pandemic. Demand remains dismal

VW expects to sell 500k fewer cars than before COVID

This is the equivalent of two plants
Read 5 tweets
GENCO Profile picture
May 16, 2023
DEBT JUBILEE: An ancient practice of hitting the reset button on debts for citizens 💰

What societies used this practice? Do we still have debt jubilees today (and you just don't know about it)?

🧵Image
Debt jubilees were a common practice in ancient cultures, where debts were forgiven en masse. These practices were designed to provide relief to those burdened with debt and to prevent economic stress on the lower class
One of the earliest known examples of a debt jubilee can be found in ancient Sumer, where the king would periodically cancel all debts owed to the palace or temple Image
Read 9 tweets
GENCO Profile picture
Mar 23, 2023
How Oil Traders Fueled & Funded the Demise of Gaddafi in the Libyan Civil War 🛢️

How did a British commodity trader completely change the course of the Civil War in Libya and help usher in years of destabilization and endless bloodshed?

🧵
To start, we need to talk about commodity trading. Commodity traders wield an enormous amount of power in the world - & we don’t realize it

The gas to fill up our car, the coffee we drink before work, the metals in our phone… all underpinned by a constant international trade
Without commodity traders constantly exchanging, bartering and making deals, the world would come to a screeching halt

These are people who have control over our most essential goods and you don’t even know who they are
Read 16 tweets
GENCO Profile picture
Mar 22, 2023
Some thoughts after Powell/Fed:

Rates going up and Powell made it clear that they're going to fight inflation tooth and nail (bearish for markets)

Stocks nuked into the close today after Yellen said the govt may not be protecting all bank deposits
With rates going up, we're going to see more things breaks

Banks, but also the next shoe to drop might be commercial real estate. After covid, CRE has become useless - WFH = less people in the office

Office space isn't needed to the degree it once was
Most companies are trapped into leases. Once these leases are up, companies are going flee. This sector is going to become illiquid

Regional banks shoulder most of the loans for CRE

That's a lot of business & revenue fleeing from these banks. CRE is a multi-trillion $ industry
Read 6 tweets
GENCO Profile picture
Mar 3, 2023
The CIA has a hedge fund where they invest in high-tech companies...

Why does the CIA have its own investment arm to place large sums of cash in tech firms? How much influence does the agency have over these companies?

Time for a thread 🧵 Image
In-Q-Tel (IQT) invests in companies that can deliver useful technology to the intelligence community. But since it's structured as a non-profit organization, it doesn't need to make money back for outside investors, and is funded by the deep pockets of the "black budget."
A black budget is a government budget that is allocated for classified or other secret operations. The black budget is mostly classified because of security reasons Image
Read 16 tweets

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