3412 - Kennedy Family Slams RFKs Trump Endorsement; Inside Cryptos Collapse w/ Andrew R. Chow

Published: Aug. 26, 2024, 6:47 p.m.

Happy Monday! Emma speaks with\xa0Andrew Chow, technology correspondent at Time Magazine, to discuss his recent book Cryptomania: Hype, Hope, and the Fall of FTX's Billion-Dollar Fintech Empire.\xa0First, Emma runs through updates on Israel stirring up conflict with Hezbollah, stalling ceasefire discussions, the ongoing slaughter of defenseless Gazans, polio in Gaza, Ukraine\u2019s offensive, the Trump campaign, the RFK campaign, Biden\u2019s few path-to-citizenship policies, killer cop corruption, and Uber\u2019s business malpractice, before watching RFK announce the TENTATIVE suspending of his campaign and his endorsement of Donald Trump, and listening to his sister dissect what the \u201creal\u201d Robert Kennedy would think about it. Andrew Chow then joins, diving right into a background on the roots of Bitcoin and the crypto movement as an honest attempt to provide a decentralized alternative financial rail that removed the industry of exploitative and extractionist middlemen that pushed the global economy into crisis in 2008, exploring both the democratizing and shadier ends of Bitcoin\u2019s early uses, playing a central role in both providing revolutionary movements alternative funding mechanisms and facilitating criminal exchange, all on a global scale. After expanding on some of the misleading claims about Bitcoin\u2019s criminal uses, Chow begins to wade into the great build and fall of Sam Bankman-Fried\u2019s crypto empire, walking through how his Wall Street roots and effective altruist ideology led him to see the realm of crypto as a volatile market in a power vacuum, ripe to be taken advantage of, resulting in FTX taking off as an unregulated crypto exchange that all went through the bank account of one, financially reckless individual, with zero checks or balances whatsoever. Chow then dives into the particular role political donations played in SBF\u2019s reckless spending, before slowly walking through the crypto collapse that SBF made so inevitable, and the complete erosion of the faith that its once-idealist community had in it, exploring its rebirth over the ongoing election as hedge fund-backed bipartisan lobby pleading for legitimacy at the feet of US political and financial institutions. Emma wraps up the free half with some coverage of Elizabeth Warren\u2019s direct call-out of the Harris campaign\u2019s (and Biden Administration\u2019s) refusal to abide by domestic (or international) rule of law when it comes to arming Israel.

And in the Fun Half: Emma parses through AOC\u2019s discussion with Chi Oss\xe9 about Democrats\u2019 stance on Palestine and Gaza, Dorian from Crown Heights tackles the genuine red flags in Bill Maher\u2019s recent behavior, and Donald Trump\u2019s newest ad goes all-in on Israel. Tim Walz stirs Tucker Carlson\u2019s emotions, deep down in his gut, a caller unpacks the rat-fucking role of RFK, and JD Vance can\u2019t catch a damn break over this whole \u201chating single women\u201d thing. The MR Team also tackles some updates to the RealPage lawsuit and the Trump campaign\u2019s obsessive refusal to downplay Harris\u2019 momentum, plus, your calls and IMs!

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