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Dem Donor Sees 94% of Fortune Destroyed Overnight in Crypto Meltdown

The red wave might not have happened, and certainly didn’t happen to the degree that we hoped and expected, but the past two days weren’t all bad news.

For one, it still looks like the GOP will win control of the House of Representatives, if not the House and the Senate.

And, beyond that, a Democrat “megadonor” who was the second-largest donor to Dems in this election cycle after the infamous financier and activist George Soros, saw his fortune evaporate thanks to a liquidity crunch, declining prices, and a last-minute buyout.

That megadonor would be a former crypto billionaire named Sam Bankman-Fried. He was the founder and CEO of a crypto trading company called FTX. It was first valued in 2021 at $18 billion, then that valuation exploded upward to a whopping $40 billion as crypto valuations and interest in the space soared. At that time, the height of his hubris, Bankman-Fried joked about being able to “devour” a legacy banking company like Goldman Sachs.

Well, now there’s no more laughing or gloating from Bankman-Fried. Instead, he just saw an incredible 94% of his net worth melt away overnight in what Bloomberg termed “the biggest one-day collapse ever among billionaires” in terms of proportional losses.

What apparently happened was that FTX, and Bankman-Fried’s fortune with it, melted away due to a liquidity crunch that ensued when investors, egged on by a rival firm that raised concerns about FTX’s liquidity situation, pulled about $6 billion from FTX in the days leading up to the midterm elections. That then led to a cascade of consequences, with FTX facing a crunch as it needed to sell assets en masse to meet investor withdrawal demands.

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Bankman-Fried, after investors were wiped out, sent a letter to investors saying “I’m sorry I didn’t do better, and am going to do what I can to protect customer assets, and your investment.

Not sure if “I’m sorry” cuts it after shockingly high losses and the evaporation of billions of dollars.

Before his fortune disappeared overnight, Bankman-Fried was a massive Democrat donor. The Blaze, reporting n his 2020 and 2022 donations to leftist candidates, notes that (emphasis ours):

According to Politico, Bankman-Fried was the Democrats’ “newest megadonor” ahead of the 2022 midterm elections. He donated $10 million to then-candidate Joe Biden in 2020.

This past year, he reportedly hired a network of “political operatives” and spent at least $39,826,856 in an effort to help Democrats win their House races.

The now-former FTX CEO was the second-biggest individual Democratic donor this election cycle, after leftist billionaire George Soros, according to a Fox Business report.

Bankman-Fried told Jacob Goldstein of “What’s Your Problem?” that he might donate “north of $100 million” and up to $1 billion to Democrats in the 2024 presidential elections.

While the FTX blowup is bad news for FTX’s investors, it’s good news for the GOP as it means the Dem donor no longer has a fortune to lavish on leftists. Such is what a crypto watchdog, Yaël Ossowski, told the Washington Free Beacon, saying:

The days of Sam Bankman-Fried being a heavyweight Democratic fundraiser and political influencer to the benefit of his own exchange and his connected companies are basically over.

Notice: This article may contain commentary that reflects the author’s opinion.



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Dem Donor Sees 94% of Fortune Destroyed Overnight in Crypto Meltdown is written by Will for trendingpolitics.com

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Former Democrat Tops NH Trump VP Poll

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In an electrifying and unexpected development, a new poll from the University of New Hampshire Survey Center reveals that former Rep. Tulsi Gabbard of Hawaii tops the list of preferred running mates for former President Donald Trump. This strategic choice underscores Trump’s commitment to broadening his appeal and strengthening his base with an unconventional but highly effective candidate.

Tulsi Gabbard, who initially ran for the 2020 Democratic presidential nomination, courageously left her party two years later to become an independent. Now, she emerges as the favorite among nearly a quarter (24%) of New Hampshire voters who are not supporting President Biden. Gabbard’s ability to connect with a diverse electorate and her staunch opposition to the far-left agenda make her a powerful ally for Trump.

Gabbard’s support stands seven points ahead of biotech entrepreneur Vivek Ramaswamy, indicating a strong preference for Gabbard’s unique blend of political independence and principled leadership. This shows that voters are looking for leaders who are willing to stand up against the establishment and fight for American values.

Ramaswamy, along with other notable figures like Sen. Tim Scott of South Carolina and Florida Gov. Ron DeSantis, have endorsed Trump, yet Gabbard’s lead suggests a deeper resonance with voters seeking a fresh and unifying voice. Her conservative principles, military background, and dedication to freedom and the Constitution make her an ideal running mate for Trump.

Trump’s consideration of Gabbard is a testament to his strategic thinking and commitment to broadening his appeal. Gabbard, a veteran of the Iraq War and an officer in the Hawaii National Guard, brings a wealth of experience and a compelling personal story as the first Samoan-American elected to Congress. Her transition from a progressive Democrat to an independent has been marked by her steadfast dedication to fundamental freedoms, resonating with many conservatives who feel disenfranchised by the current political climate.

In a Fox News town hall in February, Trump hinted that Gabbard was on his short list for running mates. Her praise for Trump, acknowledging his resilience and willingness to fight against the Washington establishment, underscores a shared commitment to challenging the status quo and defending American values against the encroachment of socialism and government overreach.

Gabbard’s familiarity with New Hampshire, a crucial swing state, adds another layer of strategic advantage. Her presence in the state during her 2020 presidential run and her support for Republican candidates in 2022 have cemented her popularity among voters who are tired of the same old politics and crave genuine change.

By considering Gabbard as a running mate, Trump demonstrates his ability to think outside traditional party lines and appeal to a broader coalition. This bold move could be the key to uniting the nation behind his campaign, bringing together a diverse group of voters eager for a leader who prioritizes American values and freedoms.

As the 2024 election approaches, the prospect of a Trump-Gabbard ticket promises an exciting and dynamic campaign. This powerful combination of leadership, experience, and dedication to conservative principles is poised to capture the imagination and support of Americans from all walks of life, ensuring a strong and united front against the progressive agenda threatening our nation’s future.

 

POLL: Would you support Tulsi Gabbard for VP?

 

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Rubio Comes Out For Mass Deportations

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In a powerful and assertive appearance on NBC’s “Meet the Press,” Senator Marco Rubio (R-FL) voiced strong support for former President Donald Trump’s commitment to mass deportation, calling for dramatic action to address the escalating illegal immigration crisis. Rubio’s remarks come at a critical juncture as many conservatives believe the unchecked influx of illegal immigrants threatens the very fabric of American society.

Responding to host Kristen Welker’s query about Trump’s proposed migrant detention camps and plans for deporting over 11 million undocumented immigrants, Rubio underscored the necessity of such measures, stating that the actual numbers have surged far beyond past estimates. “Eleven million, that was the number ten years ago. We’re talking upwards of 25 to 30 million,” Rubio declared, highlighting the severe underestimation of the crisis by prior administrations and the urgent need to address the reality on the ground.

“The answer to your question is yes,” Rubio affirmed. “We cannot absorb 25, 30 million people who entered this country illegally. What country on earth would tolerate that? We don’t even know who most of these people are.” Rubio’s remarks underscore the critical importance of national security and the impracticality of vetting individuals from nations with unreliable documentation systems. He pointed out that many of these individuals are coming from countries where there is no reliable way to ascertain their backgrounds, posing significant risks to the safety and security of American citizens.

Rubio continued, “Unfortunately, we’ll have to do something dramatic to remove people from this country that are here illegally, especially people we know nothing about. Ten million, 11 million was the number 15 years ago. Today, it’s upwards of 25, 30 million, maybe more.” This stark depiction of the situation reflects a deep frustration with the federal government’s failure to enforce immigration laws and protect the nation’s borders.

The Senator’s call for action is a rallying cry for those who view the current situation not as mere immigration but as a “mass migration” and “invasion.” “This is not immigration. You asked me about immigration. This is mass migration, mass migration. This an invasion of the country, and it needs to be dealt with dramatically,” Rubio asserted. His use of such strong language underscores the urgency and gravity with which he and his supporters view the issue.

From a conservative perspective, the influx of illegal immigrants represents not only a breach of national sovereignty but also a direct threat to the economic and social stability of the country. Many argue that illegal immigrants take jobs away from American citizens, drain public resources, and increase crime rates. Rubio’s stance resonates with a significant portion of the American electorate who are increasingly alarmed by these impacts.

Rubio’s statements also reflect a broader conservative sentiment that the U.S. must regain control of its borders to preserve the nation’s identity and values. The proposed mass deportation plan represents a dramatic shift towards stricter enforcement policies that prioritize the sovereignty and safety of American citizens above all else. Rubio and his supporters argue that the rule of law must be restored and that illegal immigrants must face the consequences of their actions.

Rubio’s supporters herald him as a bold and necessary voice in the Senate, willing to tackle one of America’s most pressing issues head-on. They praise his unwavering commitment to securing the borders and protecting American jobs and resources from the strain of illegal immigration. Many conservatives view Rubio as a champion of the rule of law and a defender of American sovereignty, seeing his strong stance on immigration as essential to the nation’s future.

With the 2024 elections approaching, Rubio’s staunch stance on immigration is likely to play a pivotal role in shaping the Republican platform. His alignment with Trump’s hardline policies signals a continued commitment to addressing what many conservatives view as one of the most pressing challenges facing the nation today. As the debate over immigration heats up, Rubio’s call for dramatic action will undoubtedly galvanize those who believe that the time for half-measures and leniency has long passed. The future of America, they argue, depends on decisive and unwavering action to secure its borders and uphold the rule of law.

Rubio’s clear and uncompromising position on illegal immigration is a beacon of hope for many who feel that their concerns have been ignored for too long. His advocacy for mass deportation and stringent border control measures reassures his base that he is committed to protecting the American way of life. As the nation prepares for the 2024 elections, Rubio’s vision for a secure and sovereign America will likely inspire and mobilize voters who demand robust action against the illegal immigration crisis.

 

POLL: Would you support Marco Rubio for VP?

 

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Radical Dems Go to Bat for Traitor Johnson Over Ukraine

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In a recent appearance on ABC’s “This Week,” Representative Ro Khanna (D-CA) sparked controversy with his unexpected declaration of support for House Speaker Mike Johnson (R-LA), despite glaring ideological disparities. Khanna’s surprising endorsement emerged in the aftermath of Speaker Johnson’s contentious facilitation of a foreign aid package, which included provisions for Ukraine, Israel, and Taiwan, and passed through Congress under his guidance.

During his conversation with host Jonathan Karl, Khanna’s remarks seemed to laud Speaker Johnson’s leadership, citing vague notions of civility and procedural fairness. However, this endorsement from a Democratic representative inevitably raises doubts about Speaker Johnson’s commitment to conservative principles and his integrity as a leader within the conservative movement.

Conservative circles have traditionally approached issues of foreign aid with caution, particularly when it involves nations like Ukraine, and have advocated for a policy of non-interventionism. Speaker Johnson’s forceful promotion of such a package, seemingly at odds with these foundational conservative beliefs, inevitably begs the question of his fidelity to the conservative cause and his willingness to compromise on core values for political expediency.

Khanna’s unexpected alignment with Speaker Johnson exposes a troubling trend within conservative leadership, where the steadfast commitment to conservative principles is often sacrificed in pursuit of personal ambition and political pragmatism. By throwing his support behind Speaker Johnson, Khanna inadvertently highlights the erosion of conservative values within the movement and the growing influence of moderate voices willing to dilute conservative principles for the sake of compromise.

As the debate over Speaker Johnson’s future continues, Khanna’s endorsement serves as a poignant reminder of the challenges facing the conservative movement, torn between its ideological roots and the allure of centrist compromise. Whether Speaker Johnson’s actions will have lasting repercussions for conservative leadership remains uncertain, but Khanna’s endorsement has undoubtedly reignited a fierce debate over the movement’s identity and its commitment to upholding conservative values amidst internal discord and external pressures.

 

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POLL: Is Speaker Mike Johnson a traitor to America?

 

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