There’s a lot of TradFi phonies in crypto: Kevin O’Leary, Chamath Palihapitiya, and plenty more to choose from. Today, we’re we talking about one Larry Summers, who was under the former Obama administration and Clinton administration and moved to be an advisor at DCG. But now that DCG has gone south, guess who’s trying to get crypto? That’s right. Another TradFi phony.
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Sources:
https://protos.com/larry-summers-gives-up-advisory-role-at-crypto-firm-dcg-amid-criticism/
https://www.financemagnates.com/cryptocurrency/news/larry-summers-joins-digital-currency-group-adds-new-partners/
https://twitter.com/revolvingdoordc/status/1613182856884371458
https://coingeek.com/us-feds-probe-digital-currency-group-financial-transfers-to-genesis/
https://youtu.be/NtnZjzNE5O8?t=138
https://www.commondreams.org/opinion/larry-summer-cryptocurrency
https://epsteinsblackbook.com/
#bitcoin #ethereum #crypto #news #nft #economy #money #blockchain #invest #inflation #cardano #cryptocurrency
There's a lot of Trad five phonies in Crypto Kevin O'Leary shamat palahapatia Plenty more to choose from today we're Gonna be talking about one Larry Summers Who was under the former Obama Administration and Clinton Administration and moved to be an Advisor at dcg but now the dcg has gone South guess whose turn to gets crypto That's right another track 5 phony let's Get it Welcome to boy crypto my name is Ben Today we're gonna be taking a look at Larry Summers and why when summer hits He tends to go south for the winter all Right here we go Larry Summers he joins Digital currency group as it adds new Partners look at this date May 5th 2016. The Bitcoin firm has added both a former Treasury secretary and director of the New York fed to its ranks and here is Larry Summers why do all these guys look The same I don't know call me crazy Lawrence Larry Summers has also joined The firm as a senior advisor the former Secretary of the Treasury for President Clinton the director of the National Economic Council for Obama here's him Talking about some traditional Finance Stuff you can see he joined digital Currency group yet he's just a tradify Guy and I think we do have to achieve Some meaningful amount of disinflation So I've said that I'd be surprised if we
Get to the six percent get to the two Percent inflation Target without an Unemployment rate uh that approaches or Exceeds uh six percent and I've said it Before I think the fed's most recent Judgment that they're going to get back To Target with an unemployment rate that Stays at 4.1 percent is certainly a Possible outcome but how that could be Regarded as the most probable uh outcome The point is they just give the Traditional talking points he says Exactly what Jerome Powell is saying It's almost like they're aligned it's Almost like there's a secret telegram Group that all these guys are in to make Sure they rehearse their lines about Unemployment and about raising the rates So that everybody's on board yet Larry Summers been working for digital Currency group there's quite a Conspiracy here U.S vets probe digital Currency group Financial transfers to Genesis of course you guys know Genesis And digital currency group are one in The same of course given the money to Start these companies from the CCP that Is confirmed Lee kashing Hong Kong Tycoon gay Barry silbert 15 million Dollars to start the entire company with Back I believe in 2012. while silbert Has nowhere to go but down other crypto Execs in this tangled web appear even More eager to cut and run former U.S
Treasury secretary Larry Summers who Joined ECG is that a senior advisor and Board member in 2016 reportedly ditched Dcg as it became apparent that the Company isn't long for this world we saw This with Mark wetjin when he fled FTX Former cftc commissioner deleted all of His social profiles like oh oh I wasn't There I wasn't there guys yeah we got The proof the specific timing of Summer's exit is a bit of a mystery but He appears to have bailed within the Last two months and of course my last Two months I mean we mean just since November as this this article was Written on January 9th so here we go Larry Summers gives up advisory role at Crypto firm dcg amid criticism Larry Summers the ha of a professor okay what Does someone who went to Harvard someone Who does CrossFit and someone who Doesn't like Mayo all have in common That's always the first thing they're Going to tell you he went to Harvard Larry Summers the Harvard professor of Former top financial advisor during the Obama Administration has cut ties with Troubled crypto conglomerate digital Currency group you guys know the people That hate Mayo if someone hates Mayonnaise they're going to tell you Immediately oh sorry you like eggs oh It's so disgusting Summers joined BCG as A senior advisor in 2016. a year after
Dcg was formed it's not clear when Summers resigned his role through a Spokesperson Summers told produce he Left dcg several months ago interesting His personal website was updated on Wednesday eliminating any mention of his Six and a half year relationship with Dcg from his bio they just wanted to Lead it like it doesn't exist but it Does and we know Larry Like Larry we Know we can see all right moving on here Summers has previously faced criticism For his role at dcg most recently due to His comments about Sam Bateman for each Crypto exchange FTX in mid-november Summers was widely quoted comparing FTX To Enron in an interview with Bloomberg Huh well that's interesting because Digital currency group in Genesis worked Very closely with Sam Bateman freed and FTX and guess what They're all doing the same thing that's Why TCG is about to go and solve it so If he's going to compare FTX to Enron Then he should be comparing himself to Tycho or to pets.com or something like That pez.com not nearly as bad as those Other companies of course following the Interview influential watching a Watchdog group The revolving door Project said that summers in Bloomberg Should have disclosed the top Economist Own ties to crypto companies including Dcg remember what I told you the other
Day about economists remember dcg's own Ties to FTX weren't disclosed either Genesis the dcg subsidiary was a major Training partner with FTX Enron your major trading partner with Enron that's what you're saying but Let's pretend it didn't exist And had as much as 175 million dollars Of its asset stuck at the now bankrupt Crypto exchange when unraveled dcg also Had a small Equity investment in FTX But there's more we go Vine Summers go Way back Cameron week of Austin is Twin Tyler of some history was numbers as Well Summers was president of Harvard University when the brothers had their Well-publicized battle with Mark Zuckerberg over the founding of Facebook So he was the president at that point Man I tell you what all the people went To Harvard The president of Harvard it's got to be The biggest douche in the entire world No offense to the current president of Harvard I'm just kidding you're Definitely a douche all right uh Revolving door project new Larry Summers Advised the crypto conglomerate dcg for Six years now it's trained desk has been Publicly accused of fraud is under doj And SEC investigation Summers quietly Left ECG a few months ago is anyone Going to ask him about this and this is What these traditional Finance guys do
They come in they wreak havoc they're Involved in in any scam that's going on They're just as involved as anybody else And then poof they disappear who will Ask Larry Summers about his crypto Shenanigans Well let's check this out and find out Considering how much of the financial Press eagerly solicits Summer's take on Every imaginal economics topic it's Bizarre that no reporters have gotten His thoughts about his involvement in This crumbling company guys why do People not ask questions I I don't Understand if you give the person in Front of you that has the answers why do You not ask the questions that's why Mainstream media is dead is anyone going To ask the former treasury secretary why He worked for years with a possible Fraudster what did he know and when did He know it if we go fast as expectations Prove true how is the former treasury Secretary fooled by silbert scheme which Seems to have been pretty obvious Self-dealing how much due diligence this Summer conduct before sharing his name Status is former treasury secretary and Time with a corporation as a former Board advisor it would be like if Janet Yellen was working for dcg amid all this Chaos and don't put that beneath her Either by all appearances Summers is dancing the same day as what
Cryptozi did in the 90s and 2000s with Traditional Finance preach the gospel With Innovation while the music plays Then change into a sober-minded skeptic When the Music Stops sure every day People lose their life savings and the Bubble lies feeding it but the important Things this summer is This reputation remains intact well We're gonna make sure that it doesn't We'll make sure people know who this guy Is so now when you hear Larry Summers You should think digital currency group Fraudster and not only that but the Person that tucks tail and runs when the Going gets tough and then turns around And blames crypto for the problems that He helped create it's absolutely amazing That this stuff goes on speaking of Amazing this stuff goes on what about This a connection to Jeffrey Epstein an Article in the Harvard Crimson in 2003 During Summer's tenures president Detailed a reportedly special connection Between Summers and Jeffrey Epstein and Let me tell you he has Bill Gates wife Melinda Melinda what happens when Someone has a special relationship with Jeffrey Epstein we all know what's going On so Larry Summers I don't know how Many Summers he may have spent uh Talking to Jeffrey Epstein and maybe Going to Epstein Island I don't know I Can't tell you for sure but I do know
The winter is coming for your reputation You're a fraudster that's all I got be Blessed big boy out [Music] Thank you [Music]
