Showing posts with label FTX. Show all posts
Showing posts with label FTX. Show all posts

Monday, November 21, 2022

"The Solemn Stillness Before Winter" by James Howard Kunstler

 

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The Solemn Stillness Before Winter

“Ultimately, the Democratic Party is a criminal organization; and to support it is to be a criminal. And since it is the ruling party, unless you oppose it, you support it.” —Curtis Yarvin, The Gray Mirror

     Here in New England now, the landscape is putting itself to bed, preparing for winter’s long sleep. The grass in the cow pastures never looks greener than in contrast to the now barren trees, but that lingering color, too, will soon fade. We did not get smacked here by the deep snows of far-off Buffalo, not a flake, so a sweetly solemn stillness settles over these tender hills as we give vague thanks at Thursday’s gala of gluttony, certain to induce terrors of indigestion in the restless night to come.

     I am thankful to still be here after all these years — more than that, grateful! And with the prospect of seeing what comes next: the beginning of a great correction for a country gone off the rails in greed, bad faith, and treachery. Everything rooted in lies and fakery is primed to blow down in the political storms ahead.

     It’s fitting that the last straw on this beast’s back was the phoniest scam of all, and saturated with every known sort of millennial Woke posturing: the FTX swindle. Its avatar, Sam Bankman-Fried (SBF), proved to be a special species of villain, the idiot-savant slob, clever enough to somehow winkle a physics degree out of the Massachusetts Institute of Technology, but not very good with the basic math of money — for instance, the equation that margin must equal collateral — and really really bad at covering his oafish tracks.

    In the dramatic demise of FTX, the self-styled crypto-currency-exchange, all the nefarious connections between the great ills of our time stand out starkly in a sudden, glaring light, namely: the dubious Covid-19 pandemic and all the punitive measures cooked up by officialdom, with help from FTX’s money, to supposedly combat the virus, especially the deadly mRNA “vaccines” still being pushed on a credulous public; the sinister operations of so-called hedge funds and their role in magically levitating the financial markets of an economy foundering on necrotizing malinvestments and debt that can never be paid; and the Satanic endeavors of a political faction, the Democratic Party of Chaos, in subverting every institution from sea to shining sea from schools, to courts, to elections while shoving the US into a land war in Europe.

     A few weeks after the FTX breakdown, and the extrinsic cascading failures around the crypto-currency netherworld, spreading wildly through pension funds, banks, and insurance companies, the great stillness of November also blankets the regulatory apparatus supposedly guarding the public from financial fraud — most conspicuously the head of the Securities and Exchange Commission, Gary Gensler, a Dutch uncle in the Bankman-Fried extended clan.

     The FBI is too busy chasing down evangelicals and Attorney General Merrick Garland remains fixated on nailing former president Trump on any kind of confected felony, despite six years of fervent investigations from the US Attorney’s Southern District of New York, to New York’s AG Letitia James — who ran for office promising to persecute citizen D.J. Trump — to Robert Mueller’s two-year intimidation campaign that came up with exactly nothing.

      Now Mr. Garland has activated one particular federal attorney, Jack Smith, with a long record as a partisan attack dog, as special counsel to finally get the job done against Mr. Trump, the proverbial indictment-worthy ham sandwich awaiting a DC District grand jury. Any cockamamie charge will do as long as it’s a felony. Mr. Garland’s strategy is two-fold: 1) to negate Mr. Trump’s remaining political career; and 2) set up a situation that will permit all DOJ attorneys and FBI officers to demur from questioning before Republican majority congressional committees about everything-under-the-sun on the grounds that the questions are germane to “ongoing investigations” that can’t be compromised. That’s the game.

     By the time that game kicks-off, early January 2023, the country is liable to be punch-drunk and stumbling from a financial market crash that signals the start of an economic depression more consequential than the calamity of the 1930s. Meanwhile, Russia’s cleanup of the US-instigated mess in Ukraine will be nearly complete, to the ignominy of “Joe Biden,” at the same time that the putative president’s crimes of bribery and treason — should he still be among the living — get aired in Congress without any help required from Mr. Garland’s Justice Department — the evidence from Hunter’s laptop having already been well-perused and catalogued by an army of outside independent investigators. FTX will be in that mix somewhere.

     This will all occur against the background of the now-unraveled Covid-19 story. By early 2023 the evidence of excess all-causes deaths and disabilities resulting from Pfizer and Moderna shots will be overwhelming and the nation will know it got played by a scheme between the corrupt public health authorities, the pharma companies, and the corporate medical establishment, including its discredited journals. Nobody in America will ever trust a doctor again.

     We’ll also probably know a good deal more about the dark and dirty deeds around the 2022 midterm election as the FTX scandal spools out and the probably hundreds of millions of FTX investor’s dollars that were express-delivered into Democratic Party coffers for ballot harvesting operations are revealed, along with the exact methods used to accomplish the mega-fraud.

     So, enjoy the still moments of this Thanksgiving before the cacophony of mid-winter commences to roar and rage across this hapless land. Say a prayer for the heroes-in-waiting aiming to rescue the republic from the depredations of the vicious Woke-Jacobin Left. And, along with your other preps, lay in some sodium bicarbonate for the awful heartburn to follow.


Source: Clusterfuck Nation

Friday, November 18, 2022

"The Covid/Crypto Connection: The Grim Saga of FTX and Sam Bankman-Fried" by Jeffrey A Tucker

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The Covid/Crypto Connection: The Grim Saga of FTX and Sam Bankman-Fried



"A Smoldering Fuse" by James Howard Kunstler

Click here for Exit the Cuckoo's Nest's posting standards and aims.


November 18, 2022

A Smoldering Fuse

We have pretty much burned our bridges at this point. Unless you’re prepared to mindfuck yourself, and gaslight yourself, and confess, and convert, there’s no going back to “normal” society (which we couldn’t go back to anyway, on account of how it doesn’t exist anymore) — CJ Hopkins

 

Thirty-seven billion more dollars for Ukraine? (That’s thirty-seven thousand millions of dollars, by the way.) Bringing the total this year to a click-or-two over ninety billion (ninety-thousand millions), on top of whatever Sam Bankman-Fried’s FTX company funneled through that sad-sack international money laundromat — soon to be the darkest backwater of a European failed state since Field Marshal Melchior von Hatzfeldt of Westphalia left Bohemia a corpse-strewn wasteland after the Battle of Jankau (1645).

    It really doesn’t matter how much more money we pound down that rat-hole, you understand, because by the time various parties — the weapons-makers, Volodymyr Zelensky, sundry members of the US House of Representatives, The Biden family, the World Economic Forum — are finished creaming off their fair shares, poor Ukraine won’t have enough cash-on-hand to replace six fuse-boxes in Zaporizhzhia.

    Against this backdrop, the USA enters a holiday season near-death spiral as unspooling scandals battle a collapsing economy for supremacy of the alt news sites. Case-in-point: the aforementioned FTX monkey business, a metastasizing tumor of the body politic. This complex fraud will smolder for a few weeks before it explodes into an extinction-grade event for the Democratic Party. The usual suspects among the mainstream media are trying to ignore it for the moment, but the shreds of this exploding money-borg are already sticking to guilty parties far and wide across the political landscape.

      FTX commander-in-chief Sam Bankman-Fried remains at large after steering the crypto-currency trading platform into a bankruptcy so hideously tangled that the assigned liquidator in court proceedings, one John Ray III, who oversaw the Enron aftermath years ago, was boggled by what he’s found so far (and it’s early in the game): Namely, a company run by a handful of twenty-something drug freaks with no idea what they were doing, no record-keeping, and a slime trail of misappropriated investor’s funds leading to Kiev and Geneva through various crooked American political action committees, and the halls of Congress — with echos in ballot harvesting shenanigans which shaped the outcome of this month’s US elections.

     Mr. Bankman-Fried is still scheduled as a main speaker for Accenture’s Nov. 30 DealBook Conference in New York ($2,499 for a ticket), along with Ukrainian President Volodymyr Zelensky and US Treasury Secretary Janet Yellen. Odds on him showing up? Or even being alive elsewhere on this planet then?

     The extended family Bankman-Fried is the quintessence of Woke aristocracy. Dad Joe Bankman and mom Barbara Fried are both law professors at Stanford. She also acted as a money-bundler for the Democratic Party and ran two non-profit “voter registration” orgs (against the IRS laws which only permit non-partisan organized voter registration). Brother Gabe Bankman-Fried headed a non-profit named Guarding Against Pandemics (funded by Sam), which lobbies Congress to construct new platforms for medical tyranny. Aunt Linda Fried is Dean of the Columbia U’s Public Health school, and is associated with Johns Hopkins, which ran the October 2019 Event 201 pandemic drill (sponsored by the Gates Foundation) months before the Covid-19 outbreak.

Sam’s girlfriend, Caroline Ellison, ran the Alameda Investments arm of the FTX empire (that is, FTX’s own money laundromat). Her dad, Glenn Ellison is chair of MIT’s Econ School. His former colleague on the MIT Econ faculty, Gary Gensler, who specialized in blockchains there, is now head of the Securities and Exchange Commission, an agency that Sam Bankman Fried was attempting to rope into a regulation scheme to eliminate FTX’s crypto-currency competitors. Caroline’s mom, Sara Fisher Ellison is an MIT econ prof specializing in the pharmaceutical industry (fancy that!). Caroline Ellison is currently on-the-run.

     The sum total of all this professional and academic accomplishment is also the quintessence of Woke-Jacobin turpitude in service to a political faction that seeks maximum moneygrubbing while acting to overthrow every norm of behavior in the conduct of elections, and perhaps in American life generally. That’s some accomplishment. It’s also a lesson in why the managerial elite of our country are no longer trustworthy. They have gotten away with crimes against the nation for years, which has only made them bolder and more reckless.

     Wait for the FTX bankruptcy to unwind, along with all the political ramifications it entails, not to mention the financial afterburn in the whole crypto market, very likely extending into and befouling the rest of the banking system. This is going to be a clusterfuck for the ages, and will propel the USA into a depression with no visible horizon.


Source: Clusterfuck Nation

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