Sec whistleblower said. The agency has illegally destroyed thousands of documents. Letting financial crooks off off the hook. Today i want to talk about how the sec is complicit in crimes.

But why it's all about to come crashing down. So stay tuned. And let's make some money and i want to dive straight in with the key information. So rolling stone has posted this article saying is the sec covering up wall street crimes.

Now. The eagle eyed amongst you may notice. This article is from 2011. However it's still just as relevant to this very day.

It says imagine a world in which a man who is repeatedly investigated for a string of serious crimes. But never prosecuted has his slate. Wiped clean every time the cops fail to make a case. He says that is exactly how the sec has been treating the wall street criminals who created the global economy a few years back for the last two decades.

According to a whistleblower at the sec who recently came forward to congress the agency has been systematically destroying records of its preliminary investigations once they're closed by whitewashing the files of some of the nation's worst financial criminals. The sec has kept an entire generation of federal investigators in the dark about past inquiries into insider trading fraud and market manipulation against companies like goldman sachs deutsche and aig with a few strokes of the keyboard the evidence gathered during 18 000. Investigations. Including madoff investigations has apparently disappeared forever into the wormhole of history.

It says. Many of the destroyed files involved. Companies and individuals who would later play. Prominent roles in the economic meltdown of 2008 two muis involving con artist bernie madoff also vanished so did a 2002 inquiry into financial fraud at lehman brothers as well as a 2005 case of insider trading at the same soon to be bankrupt bank now i'm sure the exact same thing is happening to this very day.

I'm sure investigations into ken griffin and many other major employees at these major institutions are simply being wiped off the face of the earth and everything being forgotten and forgiven real crimes are being committed. But because it's not being fully investigated the slate is effectively being wiped clean. It says the destruction of records by the sec is something far more than an administrative accident or a bureaucratic mess up it's a symptom of the agency's terminal brain damage. It is somewhere along the lines those the sec responsible for policing america's banks fell and hit their head against a big pile of wall street's money.

We know that the sec is being paid off by wall street. And that's happening still to this very day in the case of the market manipulation happening to gamestop and amc. Every single day that's why. The sec aren't going after citadel.

And that's why. The sec aren't going after synthetic shares that have been created every single day. Even though it's blatantly staring them in the face with a hundred percent utilization. That's been the case for nearly a few months now even though the manipulation is blatant and it is obvious.

The sec still aren't investigating because they're being paid off by these wall street funds. However these wall street funds can't pay off the sec. When they've been margin called and when they end up being liquidated and forced to set off their long positions and force the clothes out of their shorts. And those liquidations and those margin calls are getting closer and closer bankers have just stuck the biggest discount this year on a gaming buyout loan.

This is a bank club led by morgan stanley has posted the steepest discount on a leveraged loan so far this year as wall street institutions struggle to lock down buyers for risky debt amid mounting recession fears this 500 million deal is now being offered at 85 to 86 cents on a dollar. Aka morgan stanley has just issued a loan for 500 million dollars. And you can now buy this loan from them for only 85 cents on a dollar because they're that worried that they won't receive the cash back. And it says that marks the lowest discounted.

Price seen in 2022. Coming just weeks after jp morgan offered 895 cents on the dollar for a 15 billion dollar leveraged loan secondary loan prices have fallen to the lowest level seen since august of 2020 and new issuance has also slowed to accrual as banks delayed debuting deals that could result in losses and guys. If you haven't already be sure to sign up to moomoo using the link in the description below to get 10 free stocks worth up to 25 000. And a guaranteed free share of lucid on top of that moomoo is very easy to use it's incredibly customizable they have tons of technical indicators and advanced charting tools from moomoo's latest customer agreement they officially state they do not benefit from your order.

Flow and they do not sell your order flow to market makers like citadel or to clearing houses. Like apex clearing. They actually clear their trades themselves through their clearing. Broker food to incorporate.

It which does also not sell your order flow and on top of that the federal reserve is now finally admitting or finally warning that entrenched inflation now poses a significant. Risk the minutes of the us. Central bank's june meeting also showed that policymakers now support raising interest rates to the point. At which economic activity is restrained with the possibility that they could become even more restrictive if warranted by the data aka.

The fed is saying they will continue to raise interest rates even if it crashes the economy and even if that crash happens they will still continue to raise interest. Rates if needed roan powell said a us. Recession is now certainly a possibility he reiterated that message last week on a panel with other central bankers when he warned that a failure to restore price stability would lead to an even worse outcome for the us economy and he said. The process is highly likely to involve some pain.

But the worst pain would be from failing to address this high inflation and allowing it to become persistent. And there's even more signs coming out the economy is crashing. And that the economy is already in a recession and these companies are now finally responding to it twitter has just announced they've laid off 30 of its talent acquisition team. And on top of that shopify is also to start layoffs per business insider.

Therefore. It's not just these crypto companies or even these tech startups that are struggling and starting to lay off staff. But it's even well established tech companies like shopify and like twitter. Unusual.

Wales. Tweeted. Saying job cuts have surged in june. Up 57 from may and 59 from june of 2021 job cuts are now accelerating at a massive massive rate.

We're seeing more and more cuts through march april may and june so far and i expect even more in july. And it seems. The next victim of the current crypto crash could potentially be robin hood as hellspawn crypto tweeted. He said.

Robin hood is crypto insolvent people cannot withdraw their bitcoin out of robin hood. He then posted this screenshot of somebody trying to withdraw a thousand dollars of bitcoin from their account. Which does have 1 100. Available.

Saying error your account is restricted from withdrawing crypto at this time. It seems to be another exchange. Halting withdrawals and this time. It's not a smaller exchange.

But in fact. It's robin hood themselves you may have also seen this tweet or this email from mount gox suggesting that bitcoin will soon be distributed to the creditors as a result of the lawsuit. These repayments are expected to be made in august of 2021 and that means 137. 891 bitcoins will soon be distributed to lawsuit creditors when these bitcoins were stolen back on the 24th of february 2014.

Bitcoin was trading for around 240 per coin. That means there's 137 000. Coins. That are about to be distributed to regular people that will likely sell these bitcoins all at the same time crashing.

The market once again because the last time they had these coins they were only worth 240 dollars 137 000. Bitcoins are dumped onto exchanges all at once it's likely that sam bankman freed's two billion dollars won't be enough to backstop the exchanges 137. 000 bitcoins is 27. Billion dollars on its own let alone the thousands if not tens of thousands of people that will be selling their bitcoin.

When the price continues to crash. As i've said before the further crashing of the crypto market is likely to also impact onto the stock exchanges considering just how heavily correlated the nasdaq and the price of bitcoin actually are many funds that are invested in crypto. Even some of the largest funds like virtue citadel. Susquehanna and a number of others will end up losing millions when crypto crashes further and therefore they'll be forced to sell off their stocks.

So they don't experience. A margin call selling off more and more stocks will continue to crater the stock market even further again causing further liquidations. But guys be sure to let me know what you think down in the comments. Below and as always guys be sure to ding that notification bell.

Because that way you'll be alerted when i upload a new video cheers.