FTX Collapse Explained - Robert Kiyosaki, @1MarkMoss

As you may have heard, FTX, a popular cryptocurrency trading site that gained popularity after it featured A-list athletes like Steph Curry and Tom Brady in its commercials has collapsed. Today's guest explains how the Enron-style scheme lost billions of dollars overnight. 

Mark Moss, a nationally syndicated radio host on the iHeart network, a content creator on YouTube, a Podcaster, and the author of the new book “UnCommunist Manifesto,” says, “This token looked like it had value, which was traded on FTX, gained in popularity because people perceived it had value—value Alameda gave it, artificially.” As a result, thousands of unsuspecting investors bought a garbage token. 

Host Robert Kiyosaki and guest Mark Moss breakdown the collapse of FTX and how you can prevent falling victim to similar scams. 

Facebook: @RobertKiyosaki

Twitter: @TheRealKiyosaki

Instagram: @TheRealKiyosaki

[mathebulamkhize]

Interesting, the stock market is currently experiencing a decline while bond yields are on the rise. However, there seems to be skepticism amongst investors regarding the Federal Reserve's plan to continue increasing interest rates until inflation is stabilized. As for myself, I find myself at a crossroads, uncertain whether to liquidate my $250, 000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current bear market.

[mcginnnavraj]

Our epoch has come to an end after reaching its pinnacle. The recession and stock market crashes are affecting everything, not just FTX and 401Ks. My stock equities portfolio, at $750K, is in the red. I'm constantly losing due to inflation. This world will crumble under its dictatorial rulers, just as Rome did. If you are thinking about retiring but are worried that your pension won't cover the rising cost of living, I apologize. Around the world, there are poor regulatory, economic, and energy policies as well as terrible foreign policies.

Never put your money where you don’t understand about it… that’s the first rules 😊

[shashanktyagi]

You should do a new video about MYSTICFLIP ! I really like you’re mellow delivery and you seem like you’re very knowledgeable. I watch lots of influencers and you always seem very calculated and know exactly what you’re talking about and understand it. You’re better at explaining complicated things simply, than any other person on youtube keep it up brother!

[Callmegreeno]

Mark moss seems like a good and genuine guy. thank you both of you for taking me thru this..

[yusufkaya]

Simple, reliable, scalable, and consistent - that’s what I look for in passive investments and LIBERTON CORP continues to deliver. Mike Flaherty and the LIBERTON CORP team do the heavy lifting, generating competitive returns for investors in the form of both cash and peace of mind

[liambracey]

Why is the market situation like this? Is it because of the war, because of the fed or inflation, because of corona? Or maybe because of all of them? Or even something else? I started investing in March 2020 and during the bull run of nov 2021 my portfolio total return was 110% and now I'm back to almost break even.

[anwar]

Looking at Robert's facial expressions is classic.
When he hears liars scammers fraudsters.

[nickbaptiste]

In my humble non professional opinion I think it was all orchestrated to be able to now bring in laws to control everything because this industry is a threat to the powers that be.

[mojo.adventures]

Best podcast intro yet🤣 You provide so much good information in here 👍 The usual suspects are trying to frame this as crypto's deregulated failure but everyone knows something much bigger happened here. Thank you for your service Robert! 🪖

[iamgabriel]

Thanks for helping us better understand wtf happened with FTX. Great show. I was very suspicious about crypto before. Now I won't go anywhere near it. I like tangible assets.

[rntt]

Love it Robert! Thanks for having Mark Moss on the show!

[huseeynn]

Clear and straightforward to use, help function very useful. Also helps to know that there are humans in the background. No negative issues to report. Withdrawals are straightforward and not time consuming MYSTICFLIP

[brianwhitehawker]

With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. Look at what FTX did, My port-folio suffered a big hit cause of that, holding it further won’t be any good. I've heard of people netting $100k or more this red season. How can I ensure this?

[professionalaccountant]

Omfg! MYSTICFLIP turned out to be a bloody smart move. I love love love this. I’m the wrong side of 40 so I’m taking this all on board IMMEDIATELY- thank you! Even if I run out of time my kids will benefit from this incredible education. Thankyou thankyou thankyou!!

[Curbalnk]

A round of applaud for the great analysis and breakdown of personal perspective. I woke up to the sad news by FTX. The market circumstances are driving me insane, my portfolio has lost almost $18500 this month alone, my earnings are tanking, and I can't see how my retirement will go smoothly when I can't even increase my stagnating reserve. I wonder whether those who lived through the 2008 crash had it easier.

[ramzichinwi]

The way you just went right into the segment was great. Straight news. Zero fluff. This was one of your best streams. More emphasis should be put into trading since it is way profitable than hodling. Trading went smooth for me as I was able to raise over 10.2 BTC when I started at 4.5 BTC in just few weeks implementing LIBERTON CORPs daily trading signals and tips..

[aysebilim]

Thank you for being there LIBERTONCORP when I wanted you I was lost in this new world that I was hassled to start with ....you not only guided me along the way but you also showed me the proper way....whatever little I have been able to achieve in life is because of you today I want to thank you for being there and showing me the proper way of doing thing for me you are my best guide as you truly showed me the way to life....once again, I would like to tell you a heartfelt thanks for being there.

[puddinpop]

Thank you Robert for continuing to look out for us with bringing up news like this. I always look forward to seeing your videos every day

[minastronasse]

Samuel Bignose-Fried didn't "lose" any money. He just stole billions and transfered them to where he was told to by his "friends". SBF is an amazing washing machine !