felled or harold ford jr.? he had one on his head last night and that's not all he had. i'm behaving because i'm chaperoning him and he needs a chaperon among other things. if he's running for president, he's got to clean himself up. all for tonight, dvr the show. tucker carl son is up next and i'm watters and this is my world. >> tucker: oh, the free state of florida here for the patriot awards. a highlight of the year. good evening and welcome to tucker carlson tonight. the collapse of the crypto currency exchange ftx is, even if you're not interested in cryptocurrency, a history changing event. it may turn out to be the

biggest single day loss of assets in the history of money. billions of dollars evaporated in moments and it's not clear what happened to a lot of the money. it just disappeared and as it did, it spark add growing financial crisis across the entire sector of the economy. disaster that quite possibly could get very worse, very soon. but the story of ftx implosion is bigger than even in the global recession it may cause. it is the story of the complete and utter corruption of the people that run our country. the very people who should have been covering and regulating and reigning ftx and the 30-year-old founder were profiting from the scam. not just a few but nearly all of them from the news media, paid off by sam bankman-fried to leadership of the democratic party also paid off by sam bankman-fried to the chairman of securities and exchange commission, the scc commissioner himself gary gensler.

they all knew that ftx was not a real company. and sam bankman-fried was a fraud. if they didn't know that, they certainly should have known that because it was very obvious to anyone that bothered to pay attention. one of the few who did pay attention was a short seller called mark cahotis who took one look at sam bankman-fried, sbf for short, and recognized here is a con artist. obviously. watch this tape that aird. >> sbf and the account for sbf is bailing out known ponz is and frauds in the crypto space. everyone that's gone bankrupt or is a proven fraud but nothing

here fits. everyone, everything reads like this thing is a complete scam. and i think this thing is dirty and rotten to the core. >> tucker: so if that guy on a small audience investment channel can see fraud, where was gary gensler of the sec? by the way the tell in the sentence you heard is that sam bankman-fried couldn't explain where he got his money. here you are a 30-year-old billionaire. how'd you do that? if you can't tell us, maybe that's a red flag and think most investors would have recognized it. for the most part, they didn't. nor do they seem to know the obvious and confident sam bankman-fried's caroline ellison. she was totally and unqualified

for the job she claimed to have. she had no track record of success at anything and reportly went online and then on the podcast back in may, months before the collapse, caroline ellison came out and admitted she had no idea what she was doing. watch this. >> do you think you've been able to pull this thing off without your mathematics degree or it has been the pillar of your trading activity? >> yeah, absolutely could pull it off without my math degree. use very little math. starting out as an intern and you, you know, do something and accidently lose maybe $1,000 at your decembering, you're like o, everyone is going to hate me now and it's terrible. overtime you have to -- over time you have to get comfortable with larger and larger swings of money. yeah, trying to think of a good

example of a trade where i've lost a ton of money. well, i don't know. i probably don't want to go into specifics too much about that. >> tucker: i've lost a ton of money. no big deal. it's not mine and i know there's no math here at the cryptocurrency exchange. let's send her billions of dollars. lost a lot of money, money that investors including institutional investors and individuals who are hoping to retire with the money all gone because we don't do math. it's so outdated. here's the amazing thing, none of this seemed to phase the biggest institutional investors. sequoia, their entire job is to accessoriesing. it wasn't really about risk and reward. it was about something else. earlier this year, michael grimes, a former spokesperson for bill clinton seemed to be making an awful amount of money in the finance word and

approached elon musk with an offer on behalf of sbf. he wants you to invest. elon musk didn't get to be the richest on the planet by investing in things like that and he apparently smelled bs and turned grimes down. in their exchange, which has since become public, grimes multiple times told musk that by the way, sam bankman-fried is a huge donor to the democratic party. "major democratic donor" grimes wrote to musk. second to bloomburg in the biden campaign. what does that have to do with the investment? that should be irre irrelevant t was subsequent to the pitch. that sounds like a hybrid of some kind and not in a reassuring way. some was happening in secret but a lot was happening in public in front of the news media. of course a lot of them knew sam bankman-fried because he was sending a lot of the them and when he wasn't, he was desperate for the publicity could provide

and he was on more magazines than madonna and should be have been asking questions about his business but they didn't. they promoted him. >> call him the jp morgan of crypto; right. jowski yeah, the michael jordan of crypto if you will. >> why should we care about a floppy haired vegan fidget spinning cryptobillionaire that sleeps on a bean bag chair during the so called crypto winter. the 30-year-old ceo has been referred to as crypto's white knight. >> jp morgan of this generation, sam bankman-fried's ftx. is he the jp morgan or warren buffet? >> it's yet to be determined? >> is he vanderbilt? >> he can be. >> is he a credit scandal? >> is he carnegie? >> if he gives a lot of libraries he is. >> tucker: he's the jp morgan of finance, of crypto.

he's the michael jordan of crypto. wait a second, michael jordan is not in crypto. he played basketball. well, sam bankman-fried is not really in crypto either. how we all getting rich the jp morgan he'll be a trillion their. why were all these people pushing a scam that any normal person, even a person with no background in finance and sort of an elementary understanding of profit loss equations could have seen and could collapse in the mend. end. he plays a role and the herd instinct. who is benefiting from all this? we know the democratic party benefited and sam bankman-fried donated $40 million to democrats to the psychoand will larger than any democrat apart from soros and then $1 billion for the next election. that's democracy. he wasn't doing it in private and bragging about it and then going on in public about how

politicians, democratic politicians were begging him for money. watch this. >> how do you find political fofundraisers? they come to you and what type of candidates do you support? >> if i pulmod out my phone and looked at last ten text messages, about half will be people asking for, you know, politicians asking for contributions. >> tucker: so why were you telling us this in public? by the way, if you're shaking like a naked man in a snowstorm in the middle of an interview, maybe there's something wrong with you. send that boy another billion dollars. so how substantial are we overstating this? making partisan points and things collapsed and clearly a ponzi are and are we trying to attack the democratic party now? no, it's actually justified. this guy was a major donor. major donor. according to to head of citadel, defeating donald trump was literally on the balance sheet of ftx.

watch this. >> ftx crosses into a zone that all of us are worried about. on the balance sheet, ftx has a line calmed trump lose. and sam was the second biggest donor to democratic candidates. >> i'm going to leave it to everybody else to draw their own conclusions about what they're saying here. >> tucker: another reporter says we're out of time and can't go too deeply into that. really? let's go more deeply. it's interesting. politicians love the guy and he was a cash spigot and that's what highway want the most. where's the regulators and there's a government that's supposed to be independent of office holders and regulatory state that keeps upon situations from happening and where were they?

then he posed for a picture with maxine waters and a head financial in the congress and then the hometown newspaper of government did no reporting on the actual business. they just wrote a puff piece about how cool is it that the guy with funky hair can't sit still and sleeps on a bean bag is getting super rich? how do he pull this scam? how did he do that? well, with religion. that's the quickest way to behind people. if they think you share a common faith, they'll ignore it and that religion is effective altruism. there's a lotted of effective altruists. it's a kind of religious movement and it's popular in the tech world and financial world. the idea is you make money not because you're greedy, not because you have a bottomless pit inside you of greed that needs filled. but you want to help other people and in the most efficient way and benefit the greatest numbers of people in the most

efficient way so that means effects of altruists get to underpay their housekeepers and stiff the water on the tip, but that's okay because they're deeply concerned about ab traction tragedies like global warming. if nothing else, effective altruists gives you a cover to live tax free in splendor in a beach front pair dice as sam bankman-fried did and continues to do to this day. still in albany in the bahamas. goes without saying that sam bankman-fried talked about altruism and enjoyed a high exg score and higher than exxon getting your ambulance to the hospital and plane in the air to see your kids and heats your home. sam bankman-fried was considered a moral leader ripping off millions of people. but no one benefited long term from ftx's collapse or will benefit more than government regulators and they're pointing to ftx and demanding more control over crypto currency and ultimately the end of the cash

economy. why do we think they're going to do that? because they're already working on it. sec commissioner hester pierce said this week the guys of ftx could be a catalyst for more regulation. why should you worry about that. well, as we saw in canada last year, crypto is a huge problem for governments. governments can't control ideally cryptocurrency and can't freeze someone's personal cold wallet with crypto if you don't like what they say. what does this have to do with the collapse of ftx. it turns out that sam bankman-fried's girlfriend caroline ellison has a lot of connections to regulators and the biggest in this country. her father glenn is an mit professor that worked at that university that worked alongside gary gensler the head of scc in charge of cryptocurrency regulation. he worked with gensler on the trading commission and now gensler is about to get a lot more power.

this thing swells to unsustainable size and inevitably implodes and collapses and that collapse is used for pretext to do what they've been planning to do all along. probably shouldn't shock you that after the collapse, every major bank in the country announce add new partnership with the new york fed to establish a new digital currency. if they have control of your money and digital and can't stash under your bed if they don't like what you say, they can turn it off and you're impoverished. this who will thing is a bigger scam than it seems and made possible by political slogan nearing. sam bankman-fried knows that well and put it in the message

to report the other day from the hideout in the bahamas and woke posturing is the most effective business ploy and i feel bad for those that get fed by it but this dumb game the woke westerners play and we're right chivalrous and they like us. if you suspected all this was a scam, all the moral posturing and lectures you get about they're great and you're bad, this was all a way to behind you to the fact that it was a massive ri ripoff going on. you might be on the right track. jonas max fers are is the founder of max funds. he's joining us tonight. this story, it's impossible to summarize in a tv script and has threads to lead to everybody in authority on the planet. it's enough to make you into a conspiracy nut. can you summarize what you think this means? >> it's so big the guy in charge of the enron collapse and complicated and lots of pieces and this is bigger and more absurd and ridiculous and the guy is running this company

former enron brought in to fix that mess. it's very complicated and can be simple but it's a giant affinity fraud and say who he is and the bernie made off crypto and he pretended to be the woke world with the donations giving money to specific politicians and to create an image of trust kind of like how bernie madoff had a foundation and regulators who already exist, we don't need new regulators who would have had authority over some of the preposterous and trying to direct the regulators to his competitor binance and saw he was doing that and took out the company by causing a run on the bank knowing this guy never had the money left because they were looting and gambling it away into nothing and it wasn't there. he started the panic and crushed his competitor. that's basically what happened. >> tucker: i'm not qualified to assess some of the business

portions of the story but can the media portions. he was out there con substantiatedly saying yes, i'm making billions but not for me. i'm an effective altruist and it's for other people and i'm doing this because i'm a good person. that seemed to deflect any real media scrutiny. >> and regulatory scrutiny and the customer base liked his vibes and was appealing to a lot of different people, regulators, politicians, customers, and making everybody feel like your money must be safe because why is he on the cover of magazines and there's a lot of faith issues with crypto and a lot of frauds and he doesn't want to be that one. he was his own pr agent basically and very effective at it by bribing the right people, giving the right donations and creating the right image of the genius altruist and it was all really to run a swindle it seems like. i don't know how much was gambling with the client money that went to nothing and then some looting at the end and

we'll know the full amount. >> tucker: thank you so. , jonas. >> thank you. >> tucker: for the past 15 minutes, it was all very obvious and any investors that paid attention would have known there was something amiss here very clearly. dave portnoy is the founder of sports net. that's really the question, you are, i dent know how to define your investing but something you do on the side but you're into it. you're not like a trained expert. >> yeah, ftx was a advertiser of ours. >> tucker: you're an enthusiast? was this obvious to you that there was something weird going on? >> i don't know how it could be obvious to anybody, a normal citizen. if you see tom brady pitching ftx on the super bowl, you're going to believe it's a legitimate thing. i don't know why you wouldn't. as the stories have come out and crypto, i'm not paying a ton of attention, there was articles that coin desk wrote it and it's

shocking to me and i'm in the gambling field and rigorously wrote it and if i do one thing weird, you'll hear about it. there's companies writing articles and we knew this guy was in the bahamas, why? unregulated living and basically a penthouse with like 20 people are runnining this and he's thwarting with politicians at the highest level of government and the fact he wasn't investigated to me shows a lot of the countries are about. people making money and being dishonest and saying the right things to make money and he's lining everybody's pockets. it wasn't obvious to me. but if you're meeting with gensler and you're meeting with politicians. i don't know how in a million years they didn't know that. it was pretty obvious. i wasn't looking for it, but once you start going back, it's like how did they not know this?

again, contrast that with like what i go through because people don't like me, it is night and day. really it is quite stark. no, not a normal person investing would ever know. the guy is spending millions and millions and millions to grease the right meals. meals. >> tucker: seems like now it's failed in the spectacular way, it'll be used as a justification for massive regulation. >> 100%. you mention it. he was the guy supposedly helping craft the regulation for future crypto which was insane.

>> if we look at this guy and kind of control what's going on and side note, these politicians are deleting the photos of them. people don't know you took a photo for them and deleted them. >> tucker: how hard to control photos once they're on the internet in >> listen, nobody knows more than me. >> tucker: i know, sorry. >> but that's part of it. i looked at what this guy was doing and i was like i can't walk down the street if i hold a girl's hand. it's a story. what's dave doing? this guy is like an x rated movie in the bahamas and nobody cares. i don't care about judge but nobody looked into it.

if he didn't do this, nobody would know. he'd be the altruistic guy. nobody is altruistic. all the crap everybody says whether you're a politician, it's for power money most of the time. people want to get rich and i trust the guys weirdly like me, it is me. i want to make money. i want to make money and have a great like. make money and give it away. he took a reason to take a loan for himself and doing whatever he wanted and nobody took two seconds to look. i talked to him by the way when they advertised and it was always a weird guy. this charm and all that stuff, no way. he was the least charming guy. >> tucker: really? >> no, there wasn't like oh my god, this guy's some sort of genius. maybe he arbitrary with like mit degree to make some money. but he wasn't some charming guy

that you charmed the pants off people. he couldn't charm anybody. you know how he charmed? with his wallet, money, donations and they looked the other way. there's no other explanation for that. i'm far more charming in a one-on-one sit down than he is and you know what, i end up at the brunt end of a hit piece every two weeks and that's because i'm not out writing checks. >> tucker: it's unknown but having watched this for awhile, will we ever really get to the bottom of what happened? >> no, no. i mean, listen, they say he had this research firm that loaned him all the money and the binance guy or whatever his name, they were competitors and all crypto and some is magic but i don't know that we'll truly know what happened because there's a lot of big players that lost a lot of money. i mean the bankruptcy today, what they release second-degree crazy what -- roa released is cy and spending money on. we'll never get a straight shake. how can gensler sit down with a

guy who is living in a penthouse in the bahamas with 15 people who are all having sex with each other spending money on everything and he's like, yeah, we're going to write the legislation with you. i mean honestly? how is that possible? i can't tie my shoe. this guy's doing that and getting away with it. it's like come on to the white house and sit down and make some legislation. it's insane. >> tucker: you need to spread some donations around, dave portnoy. call maxine waters and fund your next campaign. what a great explanation. thank you for that. >> my pleasure. >> tucker: so it's nancy pelosi day. her dominion over the house of representatives has come to an end and we'll mark the occasion with a special tribute. one major city giving away $1200 a month. do you qualify for this stipend? depends what kind of clothes you wear. we'll be back.

>> tucker: we're in the other hollywood tonight for the patriot awards. glad to be here. the city launch add bizarre new

guaranteed income program but it's not for you. jason rants is live to explain. >> hey, ticker. mayor london breed is tackling the homeless crisis one trans-feminine bush and the pilot program called guaranteed income for trans people known as gift and it gifts eligible san franciscoens $2100 to be eligible you have to be a adult and be homeless. it's for people earning under $600 a month. it's for transgender people and the application reads like a parody, you're asked to give personal pronounce that include the standards he, her, they and noises like z and tay and fayettfay,those are pronouns i . you're not limited to one and so called gender identities. they're adjectives and others are life experiences like woman with a history of gender

transition or man of trannings experience, which means you're a guy that accidently hit on a trans woman at a bar. and you're told you can click gender f word. that's listed. there are some gender identities we can all say i don't know if anyone knows what these things mean. they include gender outlaw, gender creative, brother boy, gray gender and means you show ambivalence to gender and give sexual orientation and includes scoliosexual, oriomentic and slinck. the meyer likelihood you are of getting chosen for this. if you're a sex worker or migrant worker and they ask about your race in addition to the monthly income, you get gender inclusive care and case management. applications open this past tuesday if anyone is interested, apply online through december 15th. i hear if you identify as two spirit, you get double the monthly income so we'll see.

>> tucker: republicans will control house of representatives come january and 82-year-old will not be the speaker of the house anymore and no longer third from the presidency and she'll not seek a new leadership role in the new congress. >> with great confidence in our caucus, i will not seek reelection to democratic leadership in the next congress. for me the hours come for a new generation to lead the democratic caucus i deeply respect and i'm grateful so many are ready and willing to shoulder this awesome responsibility. we could have gone hours and got that much tape and got it down to a few moments here. just a few of her greatest hits.

>> to be clear, you're not taking any arrows out of quiver and not ruling anything out. >> i don't hit anyone. the heart full of love and always prayed for the president. with all due respect and you know we've known each other a long time, you really don't know what you're talking about. just when you think you've seen it all, the children will pay for the president's wall. he comes in with doggy do on his shoes and everyone that works with him has that on their shoes too for very long time to come.

ireland, sorrow and crane saying patrick's name is so unscathed. okay. we do not say open sesame. we say open biden. that's our magic word. open bind, i love it. >> tucker: yeah, we're going to miss her. will cain is the host of "fox & friends" on the weekend and host of terrific will cain bod cast and joining us onset. >> good morning. >> tucker: good morning. she's being replaced by fetterman and it's unbalanced and what will you miss? >> it's the end of an era. truly. we should mark this moment in history, we've been governed by the most liberal district in the country for 20 years and it truly ends an era in washington dc. what's your favorite moment you played so m tucker? >> tucker: it could be when she shows off fancy subzero

fridges in the pandemic and gets her hair down and shuts down small businesses and for me it's what you showed. >> have you listened to incoherent half sentence ram blings and put it -- ramblings and put it in a transcript, it's end of an era. there's ready people to pick up the baton between joe biden and john fetterman, there's a long future ahead of us of incoherent, half pregnant thoughts. >> tucker: i've known pelosi a long time. she wasn't a hater, she became a hater. a real hater like an actual hater and put people if jail and it's scary. >> do you remember in charlie wilson's war, the scene in the sermon about what comes next, we'll see what comes after the dictator and tribal leered. be careful. nancy pelosi was the most liberal member of congress for much of her career, today she's a moderate. she's the establishment and those ready to step into her shoes should terrify you. >> tucker: such a smart point. could it get worse than governor

cuomo in new york? yeah, it could. can always get worse. will cain, that's a wise point. >> thank you. >> tucker: great to see you. not a lot of people are working. you're hearing of people quiet quitting. posting tiktoks at work and not doing a lot else. why is this happening? mike rowe is the man we go to on all questions of work and life on that matter and ideas how to fix it. we'll be back from hollywood, florida, in a minute.

>> welcome to fox news live. i'm matt fin in los angeles. four university of idaho students found murdered in an off campus home were stabbed. police don't have a suspect or a murder weapon. the killings have shaken a small college town with just 25,000 residents. and here in los angeles, a

22-year-old man suspected of plowing his vehicle into dozens of la area police recruits is facing attempted murder charges. investigators say he struck the recruits while they were running. 25 cadets were injured, five of them critically and the governor of new york declaring a state of emergency for western parts of state and getting hit hard by lake effect snowstorm and some areas seeing up to 4 feet of snow. i'm matt f fin and now back to tucker carlson tonight. >> tucker: welcome back. not a lot of people are working right now in the united states. that's a big change. that's why maybe you have to use the drive-thru because no one is inside the restaurant but not only is the way we work changing our attitudes towards work are changing and a lot of significant attempt for work. micro-spent a life thinking about work and host of how

america works and joins us on the set of patriot awards. the long time the immortal host of dirty jobs. our most frequent and popular guest. thank you for coming back. you have noticed the change in attitude towards work. some people sort of mocking the idea of work. what's your response to that? >> yeah, so i'm a -- i'm wrong as much as i am right. for that reason i hate to say i told you so out loud ever. for 15 years my foundation as been talking about a slow sort of unraveling that we loosely call work ethic, whatever that means and now between nick everst at's work, an economist that drilled down and last week there was an article in the new york types called how to combat the assault on modern work. i thought it wa it was going ton article about coal miners or

crab if i recollectermen or the real tough job where it's dangerous and it wasn't. it's an article of paper cut to nonexistent pet bereavement policies and i'm not making it up. we are in a place where 7 million able-bodied men are not only not working, between the ages of 25 and 40 -- >> tucker: 7 million? >> 7 million abled bodied men are not worming or looking for a job. that's never happened in peacetime. ever. and economists like nick everstat take a dim view and they're worried and trying to inject that into the conversation at a time when we're still looking at the unemployment number as the true harbinger of what's going on. it's not. in his view, it's the depression era artifact. we're looking at the wrong thing. we're looking at mott what it means to have a bunch of people unemployed but what does it mean

to have a bunch of opportunity that nobody gives a dam about? that's a different conversation. it's complicated to have because while that dynamic is clear and present, so too is the fact that a lot of big companies in silicon valley will lay off a lot of people and you'll have a bunch of people not trained for the jobs that do exist sort of competing with people who have affirmatively taken themselves out of the work force entirely and who, final point, i asked nick, what are they doing? what are they doing with their time? these able-bodied men. >> tucker: good question. >> on average over 2,000 hours a year on screens. >> tucker: they're totally hypnotized by the digital world. >> they're out. they're out. >> tucker: at some point, the pilot shortage is one thing that's well known when it's hard to get your plane on time or cost is going up because there's not enough pilots but true for a lot of different jobs. when does it start to grind to a halt? >> pilots get the press because it's the pilot.

but when you really follow the delays down, you'll find it in the mechanics, you'll find in the flight attendidn'ts. how many airports did you have when the crew couldn't make it to the next plane? it's because they're working with 70% of the work force they had three years ago. you know, 4 million fewer people are in the work force today than before the lockdowns and 4 million more jobs have opened up. it's almost a perfect mirror image and the reflection is kind of hideous. >> it's just sad. >> tucker: work is meaning. as you have spent your life showing. mike rowe, the great mike rowe. dirty jobs, back. one of the biggest stories in the midterms is what happened here in florida in miami dade county. long a democratic stronghold and republicans flipped it. what exactly happened? the mayor of miami joins us next. we'll be right back.

>> tucker: we're back in hollywood, florida, in miami dade county.

probably the most dynamic place in the united states and more money moved into miami dade in the past couple years than any place in the history of the country. it's long been a democratic stronghold and sudsenly it's not a democratic -- suddenly it's not a democratic stronghold and seems like a republican place. in 2018, ron desantis lost miami dade by 20 points. last week he won by more than 10 points and marco rubio won by nine points and huge flip. francis suarez is the famous mayor of miami and joins us onsets. thank you for coming on. there are so many things happening in miami and take as much longer conversation that we have. >> for sure. >> tucker: if you would i address the political swing that we just saw. what is that. now from 30 to+ 10 or+ 12, that's a 40 point delta. >> it's in 24 or 22. i think it's our policies that are working; right. we are keeping taxes low and

lowered in miami in the lowest level in history and keeping people safe. we never didn't get into the nonsense of defunding police and support our police officers and increased funding for police. we're number one in the nation in wage growth and 4% unemployment in city of miami and happiest city in america and healthiest city in america. >> tucker: but as a political matter, all that is very noticeable when you go there. but all of that would suggest that it would get more liberal. so when montana had a lot of rich people move in, it went left. miami had a lot of rich people move in and went right. >> we talked about this. people were afraid that the migration to miami would cause it to turn more blue. i said, listen, my parents are exiled from their country of birth, it's cuba. nobody is taking a boat back to cuba and nobody wants to reimplement the failed pollties

here in the united states and i believed in my heart the people coming here did not want to reimplement the failed policies they were leaving and the last election, the midterm was proof of that. >> tucker: so would you consider if like a lot of finance people moved in and tried to move it left, tell them keep going to cuba and extradite them. >> the boat will take you all there if you want. >> tucker: i mean, tell us really quick, the crime rate still as low as it was and 350 homicides and 40 years later and

even better place.

>> we're out of time and we're streaming the patriot awards on fox nation. we'll be back tomorrow night. here's sean. >> sean: welcome to hannity. the only thing we're broadcasting -- hello. live at 2022 patriot awards in hollywood. is this a free state here?