Alright. Today is a bit different than normal. (though I can promise that some of the more traditional content is currently in the pipeline) Rather than examining a real world situation… id like to examine a world famous television program called “The-XFiles” and discuss how (if one wanted to, at least), they could see (when looking at it) a fascinating web of clairvoyant predictions… such as the covid pandemic… National riots… or even September 11th. 

Before diving in… one VERY SMALL disclaimer… because people have given me feedback that the disclaimers got too long. I am not weighing in today (on a political level)… I am merely showing a series of similarities for entertainment purposes.

Step one… context. The X-files is an American science fiction drama program… that ran from 1993… to 2018. During that time… there were 11 seasons… as well as one “mini season” or “spinoff season”... called “The Lone Gunman” (well talk about that in minute)

The X-Files gained popularity for its heavy usage of paranormal themes… but layered into a number of key episodes… are fascinating similarities to modern day life… well in advance of anything the show writers could have possibly known. 

Once again… without weighing in on specific political issues… lets take a look at Season 10, episode one… called “My Struggle” QUOTE “ Your own government lies as a matter of course, as a matter of policy. The Tuskegee experiments on black men in the '30s. Henrietta Lacks. What are they trying to do? That's the missing piece.”

As a sidenote… these referenced events… are entirely real. First… the Tuskegee experiments… were a horrific crime perpetrated by the USPHS… (The United States Public Health Service)... where 600 American black men were non-consentingly studied for the effects of untreated syphilis.

Henrietta Lacks… however… is a much brighter story… where the singularly unique and multiplying cancer cells of a young pregnant woman became the basis for medical research decades into the future. HeLa cells (as they are called) have saved countless lives… and also played a crucial role in the development of both a polio… and COVID 19… vaccination. Keep that in mind.

Continuing on. QUOTE “But it's not hard to imagine. A government hiding, hoarding alien technology for 70 years, at the expense of human life and the future of the planet. Driven not only by corporate greed, but a darker objective. The takeover of America. And then the world itself, by any means necessary, however violent, or cruel or efficient.

By severe drought brought on by weather wars conducted secretly using aerial contaminants and high-altitude electromagnetic waves, in a state of perpetual war to create problem-reaction-solution Scenarios to distract, enrage and enslave American citizens at home with tools like the Patriot Act and the National Defense Authorization Act, which abridged the Constitution in the name of national security.”

A long quote… i know… but important… because looking past whatever portions we subjectively deem to me more or less absurd… there is truth here. “Perpetual war” accurately describes the state that America has existed in for decades. Many dispute that the war in Afghanistan was originally even legal… as America entered a 20 year conflict. The war in Iraq… was propped up by FALSE reports of WMDs… later determined to be inaccurate… but still… resulted in conflict from 2003… to 2011. 

Our sitting presidents (for the last 20 or more years) have ALL engaged in global warfare, through backchannel methods or technicalities… avoiding the official pathway set forth by congress… meaning that if we disregard smaller details, (details that are, in my opinion purely an artifact of the programs genre)... these quotes are not so much “science fiction”... but rather “dangerously close to the truth” 

Still. Continuing on… theres even more. QUOTE “The militarization of police forces in cities across the U.S. The building of prison camps by the Federal Emergency Management Agency with no stated purpose. The corporate takeover of food and agriculture, Pharmaceuticals and health care, even the military, in clandestine agendas, to fatten, dull, sicken and control a populace already consumed by consumerism. And I encourage you all to go shopping more.”

This is where things get tricky. Its easy to write these words off as conspiracy… but lets examine the facts. “Militarization of police” … is largely considered to be the spark that led to a movement called BLM (Black Lives Matter) in 2020… and 2021. Officially outlined on their national organizations website… demilitarizing police is a primary objective… and yet years prior… (in season 10 of the X-files) the topic was front and center… as a root cause of instability in America. 

Whats more… A profit driven “corporate takeover” of the food, agriculture, pharmaceutical and health care industries might not be as crazy as it sounds. Clandestine agendas to dull, sicken and control a populace may seem hard to stomach here… breaching the barrier of reasonable skepticism… but what if I added a couple of points. 

What if Obesity in America resulted in roughly 173 billion dollars of annual healthcare cost. What if the American government simultaneously subsidized junk food… high fructose corn syrup… and vegetable shortening… which are deeply correlated to rapidly rising obesity rates. What if at the very same time… the American Government subsidized the healthcare industry… with over 920 billion dollars (as per 2021 figures from the congressional budget office)... and what if those projections were set to INCREASE over the next 7 years… to upwards of 1.4 trillion. 

That simple statement “Clandestine agendas to dull, sicken and control a populace”... contains SO MUCH more behind it… and yet… the show still manages to accurately describe the world we exist in. Less rooted in concrete fact… the “building of prison camps by the Federal Emergency Management Agency with no stated purpose”... likely refers to a debunked conspiracy theory that utilized footage as far back as 1995… but by and large i would regard that as a detail that was thrown in for dramatic effect… and falls short with regards to actual legitimacy. 

Still… one more paragraph to get through. QUOTE “A government that taps your phone, collects your data and monitors your whereabouts with impunity. A government preparing to use that data against you when it strikes and the final takeover begins. The takeover of America. By a well-oiled and well-armed multinational group of elites that will cull, kill and subjugate. Happening as we sit here. It's happening all around us.The other shoe, waiting to drop.”

This is where most people get lost. “No way… not true”... but the part about tapping your phone? That IS true. Going back to the shows prior mention of the patriot act… we can see that American Citizens ARE being surveilled in a multitude of ways… driven by a growing priority on “safety” as opposed to “privacy”

Now for the tricky part… but bear with me. In August of 2022… a man named Alexey Pertsev was arrested. The reason? Alexey had developed (rather “coded”) a service called “Tornado Cash” which allows for anonymous crypto transactions. Independent from him… (unless proven that he colluded but I haven't seen a single shred of evidence to that effect so far)... Independent from him… a large number of criminals HAD in fact used the service for illegal activities… but rather than shutting down the CRIMINALS… or even the service itself if possible… the government decided to punish the architect of what should otherwise be a perfectly innocent piece of code. 

Just two days after the OFAC sanctioned tornado cash publicly… Alexey Pertsev was arrested in the Netherlands… still awaiting release. His crime… (as we understand it today) Simply writing code, for a tool… that someone ELSE used improperly… akin to punishing someone who creates an anonymous email platform… for the private correspondence that was sent by that platforms USER BASE.

It is, of course, an imperfect example that might still change… but surveilling citizens… imprisoning them without rights… or otherwise circumventing the constitution at every possible turn… absolutely IS an american reality… that we sleep through each and every day. 

To me… its all fascinating… but theres more to understand before the picture is actually complete. That particular episode… is called “My Struggle”... but its actually just part one in a multi-episode chain. My Struggle PART TWO… is where we get another barrage of connections… but for these… ill focus more on the over arching message rather than individual examples. 

My Struggle 2… (season 10 episode 6 to be precise)... contains a LOT of references… but none more important than the extensive parallels to covid 19. Early in the episode… there are mentions of “lockdowns” (an obvious parallel given the fact that much of the United states, and international world for that matter, were locked down for extensive periods of time despite very small initial expectations.)

Later in the episode there are references to the “advent of a global contagion”... and remember… there was a SPECIFIC mention of Henrietta Lacks in a prior episode… whose unique cell structure was instrumental in the process of developing a covid 19 vaccine. 

There are references to hospitals being “overrun”... which may spur controversy to say… but was a contentious narrative… pushed HEAVILY throughout the covid pandemic as well. There are visuals of masked rioters smashing windows… and even more connections to make… but one of the core principles here… was that patient DNA (during this… “outbreak”)... was allegedly changing.

Once again… I make no statements of fact on this… nor do I wish to weigh in at all on one side or the other… but Vaccines changing patient DNA is now a very substantial theory being pushed in certain circles. Depopulation… global elite organizations… all of it… is currently a subject of national debate… with growing support that some form of truth is likely hidden deep down… and a large contingent of supporters, who fully believe that the government is willfully engaging with this type of agenda. 

But still… not quite finished. Now for the cherry on top. The same writer responsible for the X files comic series (specifically season 10)... is Joe Harris… who ALSO wrote… a short and somewhat related series… called “The Lone Gunmen” 

That series… (among other things)... during its pilot episode on March 4th, 2001 (just 6 months before the events of September 11th)… depicted a plot where rogue agents of the US government… hijacked a plane… and flew it into the world trade center. To this day… (whether you believe them… or not) theories have persisted that 9/11 was actually an inside job (or a “false flag) perpetrated by the US government… which means that this writer has not only predicted core aspects of American division 6 months before they happened in 2001… but also the divisive aspects of Covid 19… the global pandemic… BLM and rising instability… militarization of police… and civil unrest as a result of pandemic policy. 

What does it mean? I have no idea. Is it a coincidence? Maybe… but for today I wanted to examine a topic I find to be extremely interesting… and hopefully do so in a way that does not CAUSE division… but merely seeks to discuss it.

The media's coverage of FTX… has been the single greatest failure I have ever seen in terms narrative honesty… and objectivity. Rather than performing their duty as an army of watchdogs… informing the public with accuracy and speed… they have morphed into some sort of… ethically bankrupt optical shield… meant to sanitize the reputation of Sam Bankman-Fried… and is fellow executives. 

I have no idea what will come of all this… no predictions to make about whether or not he will even be punished… but today i’d like to showcase exactly what the media has been saying… doing… and CHANGING… while looking at interwoven connections between a former crypto billionaire… and top level politicians… who will now be responsible for investigating him. Lets get started. 

First… we need to understand a basic overview of what happened. The entire story (as it stands today) is incredibly complicated, and impossible to fully explain… however… the bullet points… are as follows. FTX (up until recently) was the worlds second largest crypto exchange. Alongside FTX… was a company called “Alameda research”... and Alameda Research (through a series of faulty investments)... required a bailout from FTX… which was paid with customer deposits. 

This transaction… led to insolvency when users began to withdraw funds… which meant that both FTX AND Alameda Research… went bankrupt. Obviously its far more complicated than that… with backdoor exploits… hackers… accounting failures… romantic relationships… you name it (this will be a pretty wild netflix documentary some day)... but the basic premise is that Alameda Research and FTX were very closely connected… User deposits were INTENTIONALLY mishandled in one of the most egregious ways imaginable… leading to a multi-billion dollar bankruptcy… and a scandal that will go down as one of the largest regulatory failures in history. Cool. Again… there’s a lot more to this… but thats the basic gist things. 

So What’s next. Next?… is the media. For context… I need to quote something here and explain where it came from. After FTX collapsed… Sam Bankman Fried resigned as CEO. (which is good)… but who replaced him. His successor… is a man named John Ray the 3rd… who previously oversaw the bankruptcy of world famous energy company “enron” … For those that dont know, Enron is one of the largest examples of organized accounting fraud in history… concluding with multiple indictments… prison sentences… and further regulation as a direct result of its failure. 

Now… to understand why this matters… I have to read that quote… from John Ray the 3rd… with regards to how FTX was being managed. QUOTE. “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented.”

That is the prior CEO of a world famous Fraud Scandal… saying that what he sees here… with FTX… is worse. “Unprecedented”... means that there is no existing example he is aware of that adequately compares to how royally FUCKED FTX is… which hopefully adds enough context for us to understand that for him to say that… means absolute, unmitigated failure on the part of ALL previous executives… with very clear knowledge that what they were doing was wrong… very clear intent to deceive… and very real damage as a result.

Fantastic. Should be straightforward… right? Massive fraud… billions lost… and yeah… legacy media is slow on the uptake… but they should eventually catch up… right? Wrong. As the rumor mill went into overdrive… as speculation ran rampant in the early stages of this bankruptcy… Sam Bankman Fried granted ONE interview. (since then he has opened up a bit more… but initially it was just one)... with the New York Times. 

This interview… became a viral article titled “How Sam Bankman-Frieds Crypto Empire Collapsed”... which contained not one… not ONE SINGLE MENTION… of fraud… or illegal activity. This article… is one of the most blatantly slanted puff pieces I have ever seen in my entire life. Here’s an example. QUOTE “Even as he kept hiring down, Mr. Bankman-Fried built an ambitious philanthropic operation, invested in dozens of other crypto companies, bought stock in the trading firm Robinhood, donated to political campaigns, gave media interviews and offered Elon Musk billions of dollars to help finance the mogul’s Twitter takeover.”

The New York Times… while interviewing one of the largest financial criminals we have ever seen in human fucking HISTORY… drilled down on how generous he supposedly was… and glossed over his political influence peddling with a single word. 

To really drive home the point here… (reading again from the article) QUOTE “He has also found other ways to occupy his time in recent days, playing the video game Storybook Brawl, though less than he usually does, he said. “It helps me unwind a bit,” “It clears my mind.”... Yeah… Storybook brawl? Is some shit tier crypto card game… that was ACQUIRED by FTX in March of 2022. The New York Times article? (on a scale of journalism to advertisement) is closer to an advertorial than an expose. It is some of the worst reporting I have ever seen.

Sadly… that’s just the start. As evidence continued to emerge that high level executives KNEW about this fraud, and that SBF had intentionally committed multiple separate crimes... Mainstream Legacy media continued to try and desperately sanitize his reputation at every turn. Heres one from forbes. “Queen Caroline… the fake charity nerd girl behind the FTX collapse.” (Caroline Ellison… by the way… was the CEO of Alameda Research… and former girlfriend of Sam Bankman Fried. She was aware of the fraud, participated in it, and largely contributed to the wipeout of billions in customer assets.)

Thats fine… right? Title isn't so bad… she was behind the failure… Sure. But thats not what it originally said. The first version went like this. “Queen Caroline… The risk loving 29 year old… embroiled in the FTX collapse.”... Yeah… thats a VERY different tone. Subheader? “Alameda Research CEO Caroline Ellison is a math whiz who loves Harry Potter and taking big risks. She is also one of the supporting players in Sam Bankman-Fried's FTX catastrophe — and a new darling of the alt-right.”

…. What the fuck does that even mean. “Darling” of the alt right? Everyone HATES her. “Risk loving”?... or should they say financial criminal who misappropriated user capital. “Math whiz?”... “Loves Harry Potter”?? “Taking big risks”??? You mean… obliterating the livelihood for hundreds of thousands of misled investors????? What IS this garbage. 

How about another one. Washington Post. QUOTE “Before FTX collapse, founder poured millions into pandemic prevention.”... Ok… that isnt technically “wrong” on its face (though there is more to that story)... but what was the ORIGINAL title. “FTX Collapse Dooms founders effort to prevent another pandemic”.... What the fuck. Instead of framing this as one of the greatest financial failures in human history… they frame it as a man just trying to do good… and “prevent a pandemic”... (actually it was his brothers company lobbying for 30 billion dollars from the government… after being funded by Alameda Research) which is a very different thing.

This article is sickening. The entire thing refocuses the conversation around the idea that all Sam Bankman Fried wanted was to help the world… do good… and make a positive impact… which at this stage is some of the worst journalistic reporting you could possibly do… but it goes further. 

In yet another interview given to Vox… SBF appeared to just… ignore legal counsel and start saying whatever the hell he wanted. This is probably the best reporting on the matter… because its not even an article… its just screenshots of Sam incriminating himself. Gold star on that one… but we need to ask the question… WHY did he do this. My own speculation? He may have believed that he was in friendly territory. The New York Times article writer was very clearly skewing the narrative in his favor… and so perhaps this VOX writer would as well. 

Turns out… FTX had given a substantial sum of money, through their philanthropy foundation… to Vox’s “Perfect Future” vertical… where Kelsey Piper (the journalist who published his messages) currently works. Also… Kelsey Piper and Caroline Ellison (his ex girlfriend, and CEO of alameda research)... both KNOW EACH OTHER as discovered in previous tumblr posts. SBF may very well have expected a journalist… that his girlfriend knew (in some capacity)... working at a company, in a department that he helped fund… to be charitable to him… and thus he opened up more than he should have... Expecting more damage control on his behalf. Thankfully… that didn’t happen… (props to you kelsey) and his messages were merely posted for the world to see… but you gotta wonder.  

Heres another one… Reuters… “Sam Bankman Fried DID THE FINANCIAL SYSTEM… A FAVOR.”... i shit you not… this is a real thing, posted by an actual media outlet… in reference to what may very eclipse enron as one of the most damaging, intentional, and fucked up fraud schemes in all of modern history… but … thats a good thing. The article centers on the idea that bad actors often accrue political power that makes it hard for them to be brought to justice… which is true… but that has already happened here… and let me show you precisely how.

As FTX went down in flames…  the house subcommittee on financial services declared an investigation. Chairwoman Maxine Waters announced the decision in a press release… which SHOULD be a positive thing. Right? … I don’t know. You tell me. Here’s Sam and Maxine Waters in a picture together. Here’s Another one. Here’s her blowing him a goddamn kiss after one of their meetings… and the connections dont stop there. 

This is a list of financial services committee members. Red to yellow… the highlighted names indicate which members Sam Bankman Fried (and his executives) directly donated to for campaign finance. The head of “policy and regulatory strategy” at FTX… was donating to Jim A Himes (now part of the committee investigating FTX. He was also donating… along with Sam Bankman Fried Himself)... directly to Josh Gottenheimer… Another member of the committee now investigating them.

Want some more? Damn straight you do. Sam was donating to Cindy Axne… (another investigating congresswoman)... as well as Sean Casten. Not only him… but the head of Engineering at FTX… Nishad Singh… was ALSO donating to Sean Casten… AND SO WAS CAROLINE ELLISON!... but STILL… not fuckin done… because his BROTHER (Gabriel Bankman Fried)... who was funded by Alameda research (which was stealing customer funds from FTX)... used to WORK for sean Castens campaign. 

It doesnt end there. Committee member Ritche Torres? Got tens of thousands of dollars from SBF. Jesus Garcia? Got HUNDREDS of thousands of dollars from Sam Bankman Frieds political action committee… (called protect our future)... and Jake Auchincloss (yet another committee member tasked with investigating Sam, and FTX…) was given thousands of dollars by FTX executive Mark Wetjen, and SBF himself. This committee… is INFECTED with people that should not be allowed anywhere NEAR this investigation. The conflicts of interest on the table right now… are insane. 

Still. One more thing. It turned out through now exposed financial records… that Alameda Research (after stealing customer funds)... was loaning those funds out… directly to executives like SBF…and Ryan Salame. Ryan Salame? Yeah… he gave tens of millions of dollars to republicans during the 2022 midterm cycle… and nearly 100 times… he sent 2900 dollars to Winred. The amount is because you cannot donate more than 2900 dollars as in individual to a specific campaign per election cycle… (its more complicated than that… but thats the gist of it)... and I do not know precisely which candidates received all of these donations… but that could be even MORE financial services committee members with a direct conflict of interest… because FTX executives… were donating money to their campaigns… after getting loans… from a company that stole from users.

Bottom line… (because if I dont cut it now, ill rant about this for far too long…) FTX is now being investigated by politicians who have a direct financial incentive to be dishonest. They should all be removed from the committee immediately. The media? Is covering for him!... They are sanitizing his reputation, attempting to paint a picture of “math whiz harry potter fans”… and “do gooder philanthropists” who just wanted to help people… but made a couple mistakes. The media is… right now… proving beyond any shadow of a doubt that it is a dishonest, corrupt, and untrustworthy machine… with little to no value… and a total lack of journalistic integrity. 

Whats to be done? I don’t know. Awareness is all I can personally do… but its awful to watch… when the only real outcome should be life behind bars. Thats it.

Lets talk about the future of finance. Now… I say those words “The future of finance”... with an immeasurable amount of sarcasm and disdain. Crypto is not the future of anything… if it were to be an evolution at all… it would be an exacerbated playground of everything that is currently WRONG with modern finance… masquerading under a set of illogical and often contradictory ideals… making it little more than a joke… with obscenely damaging consequences. 

I know… plenty of people are gonna flood the comment section raving about fiat currency, fractional reserves, or the central banking cartel… and they’re not wrong… those things are bad… flawed, or prone to certain forms of abuse… but having watched the crypto bubble since it was born… traded within it for the better part of 10 years… (as far back as 2012)... I wanted to take some time… right now… and highlight just how ridiculous… absurd… and even comical the industry has become. 

Now… before the screeching sets in too hard… let me present some examples. Crypto has gone through a variety of “Phases.” In 2013… there was a dramatic rise that put bitcoin on the map… followed by brutal collapse because a Magic the gathering trading card website (which had been repurposed into the largest bitcoin trading platform on the planet) got hacked… and lost 850 thousand coins. At todays price? That would be 16 billion dollars… taken from a website initially designed to trade fantasy hobby cards. Heck of start. 

Thats phase one… early adoption… wild volatility… dramatic price rise… and people like ME… were shilling the hell out of it as the future of currency, finance, and technology all rolled into one. I remember when overstock.com came on board and accepted bitcoin payments… we went nuts over that. I remember ranting about it to glassy eyed sophomores in a winter break dormitory… and I remember riding the wave of “financial revolution” from 200 dollars… to twelve hundred dollars… and all the way back down to 200 again. 

Those were the good old days. Phase one was when the technology felt… unencumbered. Nobody really knew what the fuck it was… we were using sketchy websites that obviously weren’t prepared to handle this shit… and I myself managed to get out of mt.gox before the ultimate collapse… but it served as an extremely effective “wake up call”... signalling that the world of Crypto was in for a bit of a rough ride. 

Phase two is where things got wild. Bitcoin went from a few hundred dollars… to twenty THOUSAND dollars per coin… and with it came widespread, mainstream attention. People began selling their cars, houses, and children to buy as much of the token as possible. (yes, thats hyperbole… but just barely…) This was when a wider market of “crypto” became more mainstream as well… and we started to see that the industry is just a twisted amalgamation of everything bad about modern finance… x10… all at once. 

“Altcoins”... became all the rage… and STABLECOINS began to appear. It turned out (according to research from University of Texas professor John Griffin… notorious for his ability to spot financial fraud)... that more than half of bitcoins dramatic price rise… had been manipulation through a stablecoin called “Tether.” You see… crypto is touted as the future of finance… a revolution on existing norms and a technology immune to central banking corruption… but in reality? Crypto HAD a central bank… and its name… was tether. 

I could go on for HOURS about the toxic impacts of Tether… and the eventual collapse it will cause… but this is more of an overview… not a specific investigation. If you want something like that though… im going to link a video down below by the youtuber “coffeezilla” that is extremely well made, and explains the entire thing. 

Phase two is where the wheels came off. Crypto got a massively corrupt central bank… (of sorts)... people were copy pasting “white papers” and “project profiles” and then absconding with all the cash… more “use cases” for blockchain were being conceptualized… or advertised than could EVER possibly be made… and the entire thing became a breeding ground of scams… illicit activity… money laundering… corruption and mismanagement at every level, for every reason… in practically every single “token” or “project.”

That was fun… but it was NOTHING compared to Phase 3. In Late 2020… and early 2021… Bitcoin went parabolic. Pretty much every single token (shitcoin or not) went parabolic… and with that new all time high… came widespread, institutional influence. 

Crypto became a part of the existing financial world… only worse. It was prone to every single harmful activity that regular finance was plagued by… except faster and more severe. Crypto became a criminal vice… a fraud vice… a rug pull machine… and a self propelled multi trillion dollar industry that has more severe (and frequent) lapses than any other sector… or even sovereign GOVERNMENT… on planet earth. 

Lets put this in perspective. The top 10 largest bank heists in global history… are as follows. The dunbar armored robbery… 1997. 18.9 million dollars. The United California bank heist. 1972… 30 million. British bank of the middle east… 1976… 20 to 50 million. The Northern Ireland bank robbery…  2004… 41 million. The Brinks Mat robbery… 1983… also 41 million. Banco Central… 2005… 71 million. Securitas depot… 2006… 83 million…. Knightsbridge security… 1987… 50 million… and then TWO robberies in Baghdad iraq… one in 2007, and one in 2003… one of them for 282 million… and the other 920 million. 

The 920 million robbery was quite literally the DICTATOR leader of an entire COUNTRY… robbing their central bank… and this top ten list takes place over the span of almost 50 years. 

Now lets take a look at crypto. Just in 2022… (well… the first four MONTHS of 2022)... there was the Ronin network heist for over 625 million… Rari capital and Fei protocol… 80 million… Wormhole (325 million) Qubit protocol (another 80 million) IRA financial through “gemini” (36 million) Beanstalk stablecoin (182 million) Cash IO stablecoin (52 million) Deus finance… (hacked TWICE in two months… for 3 and then 13 million) … 134 Bored ape NFTs (At their peak floor price worth over 150 thousand dollars each… so 23 million) … and Crypto.com… 35 million. 

In just FOUR MONTHS… there were 11 hacks… with combined losses of nearly 1.5 BILLION dollars… and thats just FOUR MONTHS of ONE year… where MULTIPLE of those hacks would be in the top 10 bank robberies… of all time. 

If you expand the parameters… the picture becomes absolutely absurd. Removing mt-gox from the equation here (with todays value being in excess of 16 billion dollars)... from 2018 to 2022… a four year timeframe… even just the top FOUR crypto hacks… combined… were approaching 2 billion dollars stolen. Whats more… hackers, exploits and security breaches are just one aspect of loss. If we once again expand our analysis outward… we can see a whole new world of absurdity. 

Lets get some context again. Lehman brothers (partially responsible for sparking the 2008 american financial crisis)... lost 3.9 billion dollars in the third quarter of 2008 shortly before it went bankrupt. This had major ramifications on a national, even global scale… but lets compare that to crypto. 

Three arrows capital (crypto hedge fund) from 10 billion to zero. Terra Luna… 40 billion dollar wipeout… as one of the largest stablecoins in all of crypto. (when tether goes that’s gonna look like childs play)... Celsius network… chapter 11 bankruptcy with a 1.2 billion dollar hole in its balance sheet… and all of this was in a THREE MONTH PERIOD from may to july of 2022. 

The future of finance… has seen monetary disaster on a scale that even sovereign dictators cannot rival. Financial crisis on a national scale in America… was sparked by fiscal fuckups TEN TIMES SMALLER than what we see in the crypto industry… and yet… this is the technology we are hailing as the future of our monetary system?

Lets take a different approach. I’ve talked about this before… but there is a ludicrous idea that Bitcoin (and crypto) will help end global poverty. NOPE! Turns out that bitcoin has a gini-coefficient (a mechanism to measure income and wealth inequality) higher than the command economy of NORTH KOREA. Crypto has larger income and wealth disparity than any nation on earth… by far… it has more wealth concentration and extraction of capital from poor to rich than any other financial market in history… but again… it’s the future of finance… so why should we care. 

How about this one… “bitcoin is a hedge against inflation”... and “bitcoin is not correlated to traditional market conditions.”... NOPE AGAIN!.... Bitcoin and other major tokens absolutely ARE now correlated to traditional market conditions… (like job reports in America)... and its a great hedge against inflation… when your investment is depreciating by massive percentages… while the money you invested in the first place is losing value. 

How about a more recent example though. Technology moves fast… its a budding industry… I have to cut them some slack!... ok… i will. Early October, 2022, the BNB Chain (binance chain) was hacked for 566 million dollars. Ok… just another hack. So what. Well… they had to SHUT DOWN the entire chain in order to try and minimize damage… because someone found an exploit. When was the last time you heard about an “exploit”… that caused all of… i dont know, “Bank of America” to just go offline. Huh.

There is this myth… that crypto is “decentralized.” … wrong for a third time. Centralized companies… shutting down the entire chain… or making augmentations is completely normal. Celsius network was telling users to “unbank themselves”... and then goes belly up with over a billion dollars gone as a central entity where users were dumping all their funds. (kind of like a fucking bank… huh) There are HIGHLY concentrated epicenters of power and wealth in crypto that serve an identical purpose, exercising identical power… when compared to traditional financial institutions… and yet somehow this word “decentralized” gets regurgitated over, and over, and over again. Its exhausting.

The final myth I want to delve into… is “anonymity” and “security”... hopefully we have fully torn down the idea that anything in crypto is actually secure… because there have been more breaches and stolen funds than any other industry by far in a comparable timeframe… also 14 billion dollars have been stolen by crypto scammers in 2021… which stacks up against 5.8 billion dollars reported to the FTC in that same year… meaning that Crypto has surpassed FTC reporting for a fiscal year by well over double… so thats fun. But anyways… the second pillar of “anonymity” … is ALSO a lie. 

Bitcoin transactions can be traced. US authorities have actually CAUGHT bad actors responsible for hacks and heists on multiple occasions… and the process of tracking user activity becomes exponentially easier… as soon as you use one of the centralized tokens or protocols… which is basically ALL OF THEM. Tracked by a centralized company… which is governed by sovereign laws, and subject to imprisonment, sanction or fines just like any other business entity… crypto users spout these buzzwords… like “anonymity” and “security”... that simply could not be any further from the truth. 

The “future of finance” seems to be something that is less secure, more prone to frequent, large scale breaches, hacks, and heists… chronic and EXTREMELY high profile bankruptcies (to the tune of billions, or tens of billions lost)... with all the traditional drawbacks of centralized control. They even have a brand NEW type of vulnerability… demonstrated by the nearly 200 million dollar NOMAD hack. (yeah, forgot about that one… there are too many to count).

Nomad (a cross chain messaging protocol… or “bridge”)... got hacked in what is probably one of the only REAL examples of decentralized activity in the entire crypto space. A vulnerability was found… and then multiple people began just… taking out the money. It was like one of those videos where 20 people are just looting a store… but it was tens of millions of dollars… of other peoples money. 

Imagine if you stuck your money in a Chase bank… and then one day 50 people figured out how to steal all of it… in under an hour… from all over the world… and you cant get it back… because you dont have ANY of the necessary protections that are given to actual, legitimate financial institutions. Does that sound like a real future? Does that sound like the solution to our broken monetary system? Or does it sound like a bad joke, driven by greed, and fomo… that has now given way to complete control from established financial entities… who abuse it worse than any other market on earth. 

Crypto… is not the future of finance. It is the future of hardship and losses… it is the future of colossal failure… and its the future (for all too many people) of bankruptcy. You should treat this entire industry with more skepticism and aversion than almost any other market in the world… and even then… it probably wouldn’t be enough. 

Bottom line… (and I know that this video will have numerous rage comments and “you just dont understand the future!” posts… but i dont care)... bottom line… the hilarity of thinking that cryptocurrency is the future of finance is a joke to be laughed at… and a belief to be ridiculed… lets do some of that. The closest it will get… is a blockchain based… highly controlled “token” from existing banks, or a nations government. They will use it the way they already use current financial infrastructure… and it will be rolled into the existing foundation as nothing more than a minor blip. In essence… it will be nothing other than a slight augmentation on how the current financial system operates.