Hello John and Doves,
re: "The Biggest Story That Isn't - FTX"
https://www.fivedoves.com/letters/nov2022/chance1120-4.htm
So what's Happening with FTX former CEP
Brinkman-Fried - the second largest Democratic donor right
under George Soros? A man who, many believe, should be
facing charges for fraud, theft, money laundering, using STX
money to fund his life style and private hedge fund, heading
a Ponzi scheme, etc.??
Seems he's a special guest at the New York
Times Annual DealBook Summit scheduled for November
30. Emmy Award winning Andre Sorkin a Times columnist
and DealBook founder and editor will be conducting and
broadcasting numerous interviews of various people. These people have brought about "historic changes
taking place in America and around the world." These
interviews will be streamed live on nytimes.com
A big eye opener is who else will be
interviewed for this: President of Ukraine, Zelensky,
the U.S. Treasurer Janet Yellen, Meta Fonder (Facebook)
Zuckerberg, TikTok CEO Shou Chew, former
U.S. VP Mike Pence, Amazon C.E.O Jassy, Netflix
Co-founder/CEO Reed Hastings, Blackrock chairman and
CEO Larry Fink, PM of Israel Benjamin Netanyahu,
and NYC Mayor Eric Adams and numerous others.
The
New York Times to Host Annual DealBook Summit on Nov. 30 |
The New York Times Company
So Brinkman-Fried is considered a big enough
'mover and shaker' in the world to be compared to Zelensky,
Yellen, Benjamin Netanyahu, Janet Yellen, Shou Chew and
Larry Fink!
'Someone' is awfully proud
of this man and what he's done. Some think he's a
person to be looked up to. How can that be? He
stolen billions from investors, bankrupted a company that
was worth $32 billion at one time. He should be in
jail instead of "celebrated".
So how did Brinkman-Fried
make
"historic changes taking place in America and around
the world" I guess in funding Covid mandates and
shutdowns, funding Democrats and RINOs in the U.S.
mid-term elections, money laundering U.S. money sent
to Ukraine back to Democrat/RINO elections...then
bankrupting a $32 billion cryptocurrency company,
leaving Maxine Waters and her people to forge ahead
with "major" government controls over our future
financial system and provide the "needed" push for
cryptocurrency control by the Federal government and
push the country into a "digital dollar"....I guess he
did his job and he's getting "payment" for that.
The Democrats and RINOs will be eternally grateful.
"And so, instead of being under
arrest, SBF (Sam Brinkman-Fried) will instead be
treated like a luminary alongside other such Democrat
icons as Zelensky (who according to some may have been
intimately familiar with FTX fund flows in the past
year) and of course the woman who along with Ben
Bernanke and Jerome Powerll, made it all possible by
blowing the biggest asset bubble of all time:
Janet Yellen...this "thieving pathological liar and
sociopath" will be given "a forum in which to profess
his innocence to the entire world, and by association
with other Democrat "celebrities" such as this one
(Bill Clinton) to boost his standing within the legal
system that is clearly as much as a joke as the venue
that he will be sharing with the following
individuals": (listed above - plus more at this
link) Many good comments at the link.
Howls
Of Outrage After New York Times Confirms SBF To
Speak Alongside Zelenskyy, Yellen | ZeroHedge
My take is SBF was approached in
2019 by the DNC/powerful Democrats to help fund their
campaigns by creating a cryptocurrency company with no
accountant and people with zip knowledge in
finance/cryptocurrency, etc - that could take in
billions of dollars from various people, etc and from
the money sent to Ukraine by Biden and Congress and
funnel the money back into Democrat/RINO
(McConnel/McCarthy) campaigns. All to win as
many seats in the Senate/House as possible in the
mid-term elections for Democratic control. Then,
after spending all that money, and just days after the
election, Democrat backed hackers hack in and steal
the rest, leaving FTX to declare bankruptcy with some
$700,000 left in cash after the mid-term election
campaigning is over. Pushing the country into
government cryptocurrency control and the digital
dollar as the only allowed cryptocurrency.
Genius!
The
Biggest Story That Isn't - FTX Part 2
SBF spent $10 million "helping
get Biden elected in 2020". His mother,
"Stanford law professor Barbara Fried, also is
co-founder of left-wing political action committee
Mind The Gap, which has raised a reported $140 million
to help Democrats win elections through the same
"get-out-the-vote" grift." SBF was worth $16
billion at one point..."his money was built on thin
air." One of the Left's "Effective Altruism"
cult members - "a form of socialism, because all the
"good" that is done just happens to match up perfectly
with the left's obsessions, whether climate change,
social justice, equity, banning meat or his favorite,
"pandemic preparedness." He's considered
a "role model of altruism for young people"..."He
wants to get rich in order to impact the world and
change it."
Sam
Bankman-Fried broke crypto bank for Dems
Kinda of a Greta Thunberg of
"climate change" but for "crypto dollar change".
But "getting rich" isn't how you
and I would do it - through years of hard, and honest
work - he made his in two years - via deception,
lies, manipulation, corruption - and he wasn't smart
enough or connected enough to do this on his
own. Not with his incompetent, financially
challenged staff. Who knows, maybe he'll be the
fall guy who thinks his Democrat friends will protect
him...maybe they will....maybe they won't. Kinda
like Epstein.
"SBF certainly "impacted" the
midterms, funneling his millions into the Democratic
National Committee and Democrat-friendly PACs such as
Protect Our Future and Guarding Against
Pandemics. He donated committees aligned with
Nancy Pelosi and Chuck Schumer to help Democrats win
races. He lavished his largesse on
"pro-crypto Democrats" like New York Sen. Kirsten
Gillibrand, who was sponsoring a bill to lock the
Security and Exchange Commission out of regulating
the crypto market. He also visited
the White House, meeting with top Biden adviser Steve
Ricchetti on April 22 and May 12...No wonder
the Biden administration has been weak on regulating
the crypto market. It was the goose that laid
the golden egg." Warren Buffet saw
through the charade as Forbes and Fortune had SBF on
their covers - The next Warren Buffet?"; Buffet
called SBF's product, cryptocurrency,
worthless
and saying FTX
would "draw in a lot of charlatans....It will come to
a bad end." As indeed it has. "SBF
appeared with Bill Clinton and Tony Blair at
international crypto summits." There
was even an FTX superbowl ad to draw in unsuspecting
Americans "into losing their shirts on what was
quite simply a Ponzi scheme."
And for Ukraine, FTX backed "a cryptocurrency
donation website launched by the Ukraine government."
And the WEF made FTX a "corporate partner".
Sequoia, a venture capital firm, invested $200 million
in SBF, which was mostly invested back into Sequoia - so who
is the chairman of Sequoia? Michael Moritz a big donor
of Democrats and the Lincoln Project (anti-Trump hate group)
and "reportedly a neighbor of Nancy Pelosi in San
Francisco." A few weeks before FTX went belly up,
Sequoia had a piece written about SBF "depicting him as a
"future trillionaire"...the author of the piece, Adam
Fisher, wrote, "I don't know how I know, I just do. SBF is a
winner...I couldn't shake the feeling that this guy is
actually as selfless as he claims to be."
And to top this off for the many
investors - lawyers for FTX said a "substantial amount
of assets" from user accounts have either been stolen
or are missing. They said FTX had faced
cyber attacks on the day it filed for bankruptcy,
referring to the hundreds of millions of dollars in
FTX assets that were moved in unauthorized
transactions."
You just can't make this stuff
up!!! An $8 billion dollar shortfall with
probably nobody getting their funds
returned.
Now what? Seems the
Securities and Exchange Commission and the Just Us
Department in the U.S. and authorities in the Bahamas
are going to "investigate". Seems SBF
moved $10 billion of the FTX customer assets to his
own Alameda Research fund. And to top this off -
if it can be topped off - "...the firm's financial
records are not reliable at all...That means it could
be impossible to determine whose crypto was used,
whose crypto was not used and what's remaining."
A big issue with all of
this is "the unregulated world of cryptocurrencies"
- that's outside of traditional banking and
finance rules. There is no FDIC insured funds
for cryptocurrencies.
"The FTX collapse raises
calls for regulators to finally get into the game,
of course it does....Sen Debbie Stabenow, a
Democrat from Michigan, said FTX's collapse
"reinforces the urgent need to greater federal
oversight of this industry" and continues to push a
measure through Congress."
What is this bill in Congress
now? "The Senate Agriculture Committee leaders
say they have a solution to the need for more
oversight in the cryptocurrency space." This
bill "Grants the Commodity Futures Trading
Commission exclusive jurisdiction over digital
commodity trades...Prohibits fraud with
respect to any digital commodity trade." Here's
the link to this bill:
Crypto
Bill Section By Section
Why the Commodity Futures
Trading Commission and not the U.S. Security and
Exchange Commission? Hmmm. With a bit of
searching, the Chairman of the CFTC is Rostin Behnam,
Democrat, with four commissioners: two republican and
two democrat. Behnam term expires in June 2026.
"Prior to his service at the CFTC, Behnam, was
senior counsel to U.S. Senator Debbie Stabenow.
He took the role of Chairman on January 21, 2021
following Biden's inauguration. He was
also nominated by Biden to be 'the permanent
chairman."
Commodity
Futures Trading Commission - Wikipedia
Probably a lot more to this for
wanting the CFTC to be in charge of
cryptocurrency....because the Democrats control the
CFTC and the SEC...hmmm.
Biden et al have directed the
federal government to press forward with a "central
bank digital currency".
So how does this affect the average
American? CONTROL
"While a central bank digital
currency would offer none of the benefits of Bitcoin,
it would offer governments new, unprecedented
ways to control citizens. To call the
idea rife for abuse is an extreme
understatement. After all, a central
bank digital currency would allow the government to
track your every purchase. It could also be
easily used to restrict purchases."
"For example, imagine a future
government deciding that gasoline must be rationed in
order to address climate change. Your "digital
dollars" could be made to stop working at the gas pump
once you've purchased a certain amount of gasoline in
a week. In this way, a central bank digital
currency would open up new avenues for the government
to assert control over our every day lives. It
would make our wealth and incomes less truly our
own. If any of this sounds extreme,
fantastical, or otherwise far-fetched...well, just
look at China."
"So, when the Biden
administration publishes its report and advocates for
the creation of a digital dollar, the public shouldn't
treat the idea merely with intrigue or
disinterest. We need to speak out and oppose
this idea - or we may well live to regret it."
"The PoC will simulate digital
money issued by regulated institutions in U.S.
dollars...The PoC will simulate tokens that are 100%
fungible and redeemable with other forms of money and
will include dialogue with the broader U.S. banking
community, including community and regional banks."
If the use of the WEF's latest
buzz words are any indication of the promotion, push
and ultimate change over to our next 'currency' - the
digital dollars has them all: "inclusion",
"equity", "economic growth", and "stability".
They left out "climate justice" and "racial
justice"...but give them time.
At the end
of this 12-week pilot program with the New York Fed,
they will publicize their results. Meanwhile,
members of Congress hope to pass their crypto bill -
possibly in 2023.
"Wells Fargo, Mastercard, and
the Fed Team Up on a digital dollar. Citigroup,
HSBC and PNC will also be involved in the effort to
create a digital version of the U.S. currency.
Several big name financial services companies have
joined up with the New York Federal Reserve to
announce a 12-week digital dollar program....The
proof of concept (PoC) project will test a version of
the regulated liability network design that operates
exclusively in U.S. dollars where commercial banks
issue simulated digital money or "tokens" -
representing the deposits of their own customers - and
settle through simulated central bank reserves on a
shared multi-entity distributed ledger.
Biden, back in March, signed
an Excecutive Order "calling on the government to examine
the risks and benefits of cryptocurriencies (STX,
conveniently, took care of anything positive to say about
cryptocurrency). The Biden administration also wants
to explore a digital version of the dollar." Thus the
12-week pilot program.
Here's
what's in Biden's executive order on crypto
The Biden administration is moving right along
on this....
It's good to see so many
speaking up against what's going on - but will it be
enough to bring someone like SBF to justice? Or
is he yet another highly protected "Democrat"
asset that's untouchable?
And in about 12 weeks, early
next year, we will see the report from Wells Fargo,
Mastercard, the Fed on this pilot program. My
guess - A +. How could it not be??
This just shows how deep the
swamp really is. And how quickly
everything is moving along according to THEIR
plans. How much of this will we see
before the Rapture? I certainly hope
we're gone before they do this....controlling
our money, total control. They don't
have to ration gasoline, food, electricity
separately...they can do it all together,
right through everyone's digital account!
Pray for the peace of Jerusalem!
Maranatha!
Chance