U.S. Press Starts To Figure Out College TikTok Bans Are A Dumb Performance

U.S. Press Starts To Figure Out College TikTok Bans Are A Dumb Performance

One, the bans are generally designed to agitate a xenophobic base and give the impression the GOP is “doing something about China.” But the party that couldn’t care less about rampant corruption or privacy violations isn’t doing much of anything meaningful to thwart China. In fact, letting adtech, telecom, and app companies run rampant with little oversight runs contrary to any such goal.

Two, the bans distract the public and press from our ongoing failure on consumer privacy and security issues. Banning TikTok, but doing nothing about the accountability optional free for all that is the adtech and data-hoovering space, doesn’t actually fix anything. China can just obtain the same data from a universe of other international companies facing little real oversight on data collection.

Three, the ban is really just about money. Trump gave the game away with his proposal that TikTok be chopped up and sold to Oracle and Walmart. That cronyistic deal fell through, but it’s pretty clear that this moral panic is designed to either help TikTok’s competitors (Facebook lobbyists are very active on this front), or force the sale of the most popular app in modern history to GOP-allies. At which point they’ll engage in all the surveillance and influence efforts they pretend to be mad about.

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What Is Behind Claim Joe Biden ‘Laundered’ Billions in Ukraine Aid via FTX?

What Is Behind Claim Joe Biden ‘Laundered’ Billions in Ukraine Aid via FTX?

Multiple tweets, posted between November 12-15, 2022, claim that Ukraine sent billions of dollars sourced from foreign aid to FTX, which was then sent back to the Democratic party.

Caught in the tailwinds of the scandal, many onlookers have pointed out the links between FTX and U.S. political parties, particularly the Democrats.

Bankman-Fried’s personal contributions to the Democrats have been public knowledge for some time, and he was the subject of a Politico profile in August 2022 that described him as the “newest megadonor,” but he has also made contributions to Republicans.

He tweeted on November 5, 2022, that he was “a significant donor in both D and R primaries. Supporting constructive candidates across the aisle to prevent pandemics and bring a bipartisan climate to DC. And working with them to support permissionless finance.”

“As part of this, @rsalame7926 [FTX Executive Ryan Salame] and I signed up campaigns to accept crypto; and gave some, including millions to Senate & House Republicans.”

Earlier this year, it was reported by The Intercept that FTX executive Ryan Salame started American Dream Federal Action, his own super PAC focused solely on electing Republicans, into which he invested millions of dollars.

Salame also contributed to the Republican Senate Leadership Fund and Congressional Leadership Fund. These donations were also reported, as per The Intercept article above, prior to the collapse of FTX.

The underlying implication among the claimants—that the Democratic Party was the sole beneficiary of donations stemming from FTX wealth—is provably false.

Related:

FTX’s SBF has made donations to Republican and Democrat parties

First, if there was any money laundering, both Democrats and Republicans were involved. Second, I don’t believe anything that Hal Turner says because he was an FBI Informant,

The Fed’s Inspector General Clears Jerome Powell of Wrongdoing in the Trading Scandal, One Day After Five Senators Accuse Him of Hampering the Investigation

By Pam Martens and Russ Martens, July 15, 2022

Yesterday afternoon, Mark Bialek, the Inspector General of the Federal Reserve, released a memorandum clearing Fed Chair Jerome Powell and former Fed Vice Chair Richard Clarida of wrongdoing in the trading scandal that has engulfed multiple officials of the Federal Reserve.

The Fed’s Inspector General Clears Jerome Powell of Wrongdoing in the Trading Scandal, One Day After Five Senators Accuse Him of Hampering the Investigation

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Senators on Senate Banking Committee Accuse Fed Chair Powell of Hampering Trading Scandal Investigation