Cryptocurrency: Noting The Carnage

grarpamp grarpamp at
Thu Nov 24 16:20:12 PST 2022

A Grand Unified Theory of the FTX Disaster
The Wars of Wars: Where the Wars Intersect
Rounding the Earth Newsletter
Mathew Crawford
Nov 20
Links and comments addendum...

"No matter what political reasons are given for the war, the
underlying reason is always economic." -A. J. P. Taylor

This is the work of many hundreds of people, distilled and organized
in a way that hopefully brings the Bigger Picture to light—at least
insofar as we all can research and interpret it better. Apologies to
those participating whose work is not included in the scores of links

So far as I can tell, everyone has this story wrong. Many people put
together some frame of the puzzle just fine, but this can be a
dangerous distraction, so I'd like to take a shot at sorting it out.
After all, it's only human extinction on the line.

Follow me on this…

I may edit parts in or out, or write additional articles to clarify
related events.

TL;DR - You may want to break this up into two or three reading
sessions. This is by far the longest article I've written. It has to
be. And it won't be the tightest or best-edited. But it's the most
important one to date, so I don't want to hold back. My apologies.

The FTX-Alameda (FTX-A) tale is a prime example of my true motivation
for writing at Rounding the Earth, and the reason why I have to
fragment the focus: these different threads of war are absolutely
necessary for understanding the Bigger Picture. The goal was always to
lay out lessons embedded in the articles that might help more people
open their eyes to the specifics of what is taking place, and
therefore to be able to do something about it. This is the moment when
it should become clear why I've been doing what I've been doing.

The stakes are pretty high—this is a historical battle in the larger
World War E. There is no simple preview, but here are some of the
topics we hit:

    A giant cryptocurrency exchange, FTX, and its companion quant
trading/investment firm, Alameda Research, have collapsed in what
appears to be a leveraged Ponzi-esque event that poisoned many other
businesses in the nascent crypto-finance ecosystem. This isn't exactly
the right story, and I am to clarify.

    FTX was likely one of several available attempts by the Globalist
Elite to establish the intended new global financial network and

    A second attempt to control digital currencies is likely planned
to take place through the regulatory system, using the FTX debacle as
the excuse.

    The flood of information about the first point seems meant to
obscure the second, third, and other points.

    The pandemic is the fog of war intended to create the opportunity
and obscure the activities behind this plan.

    This plan connects a lot of stories, including the activities of
Bill Gates and Jeffrey Epstein. It weaves through MIT Media Labs along
the way, but goes to the heart of the powers who ultimately control
the military-intelligence-banking complex—and that include the
pedophile elite. Whitney Webb has done us great favors tunneling
toward much of this, but hasn't yet reached the core (an overly tall
task for any one person).

    The endgame is conceived as an intellectually (genetically)
superior human race, but that may be merely a conceptual construct of
an insane network of situationally brilliant, if overconfident
psychopathic elites. The mass gathering of genetic data and gene-drive
technology likely play a role.

(No matter what happens, I didn't kill myself.)

Much of the next few pages may repeat much of what you've read, but I
try to sprinkle the build-up with some important thoughts that may
help readers avoid being channeled down the nerfed narrative. After
that, things get uglier than you're probably imagining. I'll try to
make you laugh once or twice in the meantime. Buckle up.
The Players

Much has already been said and written about the unusually young crowd
running both FTX and Alameda—some that is correct, some that is
incorrect, and much that is likely to be misunderstood. So, I'd like
to proceed carefully, and ground this story with context.

Know that among the crowd we're going to talk about, and their tight
peer group, are numerous students in educational programs that I
crafted and helped run for many of the world's most "precocious
youth". Sam Bankman-Fried (SBF) still has a profile there, though
others around him were more active members of the community.

The FTX-A story isn't really the SBF story. The pool of players is far
larger, and in some cases also murkier. There are hints everywhere
about the web of relationships, and it will have to be another article
(mine or somebody else's) that fleshes out even a basic skeleton of
the grand summary. Perhaps the New York Times can help with that
"Remember to play it cool. Remember to play it cool. Remem…did I say
that out loud?"

The full cast of characters would be impossible to know and reveal,
which is the very reason why a strong centralized government should
always have been viewed as an operation anathema to liberty and
organic human development. Part of the magic trick of reaching this
point in our timeline has been to raise most of the children as
lobotomized cattle, branded with virtue-signaling ideologies like
"Progressivism" that leap past all logic to a desired utopian result,
and resist critique or cognitive correction with a jello-like kung fu.
"What is it that you dislike about progress?!"

The cast of characters you might not notice in this film includes a
mega-billionaire with enough influence to keep his life entirely off
Wikipedia, a curious gathering of researchers at MIT, and also some
familiar faces from the pandemic you might not have realized would pop
up in the largest ever cryptocurrency catastrophe (though you might
should guess). Also Jeffrey Epstein.

Now, let's ground this story with a discussion of SBF. It is worth
noting that SBF profiles all seem to include his Stanford Law
Professor parents, Barbara Fried and Joseph Bankman. And perhaps that
is appropriate in an age in which successful 30-year-olds often appear
as grown-up children—like rejuvenated extensions of parental will,
arrested in development, potentially capable of carrying out their
parents' whimsical dreams of glory.

Among other things, Joseph and Barbara are known as compliance lawyers
who work on tax theory and policy. It is interesting that such work
gets signaled as government-friendly given that their son became the
largest player in the new currency market largely decoupled from
government finance.

If any of this sounds like a scathing rebuke of parenthood among the
cognitive elite American Mandarin class, imagine that I toned it down
several notches for public consumption. Yes, among my many clients
families were plenty of these. And 90% of the headaches came from just
2% of the parents.

What I've gathered talking to people who have been around SBF,
superficially or closely (none of whom want to reveal their names) is
that he's a spoiled, sadistic, hedonistic, ruthlessly dishonest bully
of a manchild. But if you want indisputable facts, he was a high
school math camper who graduated from MIT with an undergraduate degree
in physics in 2014. After that, he went to work at one of the
well-known quant funds, Jane Street Capital, where he had interned the
previous Summer. After three years of what I hear was moderately
successful trading, SBF left Jane Street and moved back to California.

Back in the Bay Area, SBF attached himself to the Centre for Effective
Altruism (EA). If you're not familiar with EA, you can read through
the material on the website before realizing that it's just one more
Geek Cult that young intellectuals of arrested development and yearn
for a return to deep dorm room conversation by providing them with a
largely pre-baked socially acceptable set of virtue signals that
conveniently span a full narcissistic mask. And, like most cults, it
seeks out that for which its target audience aspires while
simultaneously demeaning the journey: "Hey, feckless white boy, this
is the path to socializing with pretty women."

Is it any wonder that the Pick-Up Artist (PUA) community focuses its
sales force on Bay Area nerds?

    As these men find refuge and comfort in these underground online
forums, the ability to express their problems is unfettered. A
desperate cry for help turns into hunger and the want for more. Many
go to large extents whereby the detriments are forgotten.

    The innate desire to win someone and claim them as a prize has
extended itself into a large underground community that has taken wide
online presence. Although it has connected many insecure and confused
men across the world, it has raised many ethical issues in regards to
the men themselves and the treatment of women in the dating scene.

I don't know if I'm fairly painting-by-colors the SBF portrait just
yet. After all, what I think he recognized with EA is the
psychological tool fit for the Woke era: a pseudophilosophy that
absolves the power-hungry of their lack of ability or interest in
connecting with a or the human community. All you have to say and do
is artfully articulate the Woke Utopia as your core set of values (and
promise to give away money), and nobody should bother you about any of
your actions. Dispensing with the need for human connection might have
been just what he needed to plow forward with the next epoch in his
life's story.

SBF quickly quit his brief job at the Centre for EA and established
his own (cryptocurrency-focused) quant trading firm, Alameda Research,
in late 2017. After some early success with one cool trade, crazy rich
people came out of the woodworks to shower him with billions of
dollars and stardom, but we'll get to that part of the story later.

The second central player in this story is Caroline Ellison, another
former Jane Street trader whom SBF brought in to help run Alameda. She
is SBF's ex-girlfriend, though it's oddly difficult to find a picture
of the two of them in the same place.

Caroline is another child of ample intellectual opportunity. Her
father, Glenn Ellison, is a Professor of Economics and Department Head
at MIT, usually ranked as the world's top school for Economics. During
my years as an educator I helped author some of the events in which
she participated, so I'm aware of her exceptional math abilities. How
many high school kids with blushed cheeks know what it means to apply
Representation Theory to particular polynomial fields? Three decades
ago, you could replace "high school kids" with "undergraduate math
majors" and the answer wouldn't be all that different.

What I understand less is how she wound up among the particular
corrupt clique of power players. From Forbes,

    Before she found herself at the center of crypto’s most massive
meltdown, Caroline Ellison was a star student. She was a Harry
Potterhead. She was a camp counselor. She was a writer of live action
role playing scenes. Ruth Ackerman, a math professor who taught
Ellison at Stanford 10 years ago, called her former student “bright,
focused, very mathy” — a challenge, she said, to reconcile with
Ellison becoming wrapped up in one of the largest alleged frauds of
the past decade.

    “The first I heard of the current controversy was when people
started contacting me on LinkedIn, telling me to withdraw my
endorsement of her skill as a computer scientist,” Ackerman told

I learn more from this about the society that calls the professor
asking for withdrawal of an endorsement of a relatively objective
skill than I do about Caroline. But perhaps what there is to know is a
product of that environment. Who really remains sane enough to make
all the best decisions around such people? No wonder so many of the
whiz kids are reaching for the EA cult and calling it a day on the
moral growth front.

Others are already writing about drug-fueled orgies among the FTX-A
circle. We could skip the examinations of everyone's sex lives, but
for the purposes of this story, Caroline's public commentary does
uniquely add to the data pool. Through her we hear that the FTX
penthouse in the Bahamas was a polyamorous community where she came to
believe in the "imperial Chinese harem" model:

    None of this non-hierarchical bullshit. Everyone should have a
ranking of their partners, people should know where they fall on the
ranking, and there should be vicious power struggles for the higher

Really, is this the product of some form of insidious abuse that we
haven't yet fully described as a culture? Now, 26 billion points for
Slytherin if you can square this circle:

Is this a fully mature CEO of a multi-billion dollar quant
somethingorother crypto-Ponzi centerpiece, or the sexualized
twelve-year-old daughter of one of the world's most powerful
university professors? It really looks like Peter Pan's Lost Boys had
a little girl tag along, somewhat heterosexualizing the adventure.
What could possibly result in such arrested development along one
vector dimension? Is this just a particular case of growing up in a
heavily cushioned bubble? Or something else?

I'll leave you to ponder that while we move forward.

There is much about all of this that looks cartoonish on the surface.
The phrase, "controlling most major world governments" sounds like
quite the hyperbole until you've fully widened your scope of the
players in this story.
Twitter avatar for @GRDecter
Genevieve Roch-Decter, CFA @GRDecter
I read the 30 page FTX Bankruptcy court filing. How bad were FTX's
internal controls? Here are the worst examples 👇
3:57 PM ∙ Nov 17, 2022

This all seems sloppy for a circle of young adults with genius IQs,
likely backed by a solid cadre of lawyers. Something else explains
this. We'll come back to that. We have a few more personalities to

Sam Trabucco, yet another math camper and contest champion, has a
reputation as a top notch gambler and game player. He got started
trading at the Susquehanna International Group (SIG), the world's
largest equity options trading firm (where I also learned the option
trading game). Part of the SIG training program includes a lot of
hours of no limit hold'em. Perhaps that experience helped him know
when to jettison from his position as Co-CEO with Caroline at Alameda
back in August. It seems likely that Sam had a solid grasp of the
Bigger Picture developing between FTX and Alameda, and recognized
troubled waters ahead.

Nishad is a former Facebook engineer who has been described by a peer
as having done "bogstandard machine learning" work, which is good
enough for most trading teams—particularly the ones that might be
faking their trades. He and Gary Wang were described to me as "quiet,
deep thinkers" by somebody I talked with who had superficial contact
with them at various programs over the years. Nishad and Gary seem
unlikely to be among a mastermind inner circle, and one person I
talked with wondered if they were prodded down an unstable path after
being seduced into the projects: low-confidence followers. Both have
already jumped ship, leaving SBF and Caroline likely working with real
adults to bail water.

FTX's Chief Regulatory Officer Daniel Friedburg was the lawyer/fixer
from the Ultimate Bet and Absolute Poker cheating scandals (secret
tapes here). This does not allay concerns anyone might have that FTX-A
planned an illegal course from early on (h/t 2ndsmarestguyintheworld).

Though I've managed to gather some details about the members of the
FTX Penthouse orgy crew, I don't think it's necessary to the story.

There is a strange paradox among the
whiz-kids-turned-finance-power-players muddying the story of FTX-A,
and it needs to be untangled. Were these kids sloppy-stupid while
organizing these Ponzi-like entities that would blow up under such a
wide array of circumstances?
Twitter avatar for @Kevin_McKernan
Kevin McKernan @Kevin_McKernan
Putting private keys into a group email is like putting bank passwords
on a post card. This is so unbelievable reckless it makes Ferguson
look like an angel.…
5:20 PM ∙ Nov 17, 2022

I guarantee that these are people who understand public-private key
cryptography. In fact, one of them took my course on Number Theory
that brings students up through the basics of modular arithmetic and
systems of linear congruence when he was 11 years old. It is likely
that he knew at least basic cryptography math prior to even arriving
at MIT. That something seems incongruous about this story reveals a
disturbing reality: the real security behind this whole operation was
either a set of completing damning shared secrets, mafia security, or

I'm betting on both.

As the prying eyes of the world examine the players and the details
around the unique event that is the FTX-A collapse, the players are
busy playing geeky misdirection games to cover their tracks. However,
this story calls too much attention to so many others that feel more
well tied together than ever before.

Now, if you're thinking this is just a story of a bunch of
narcissistic brats who lost a bunch of money, I understand your
reaction. But know that this misses the larger points. You need to dig
deeper. Keep reading…
A Carefully Engineered Public Relations Campaign

The rise of SBF looks plotted out by experienced and expensive PR
veterans—assassins of creative image building. From the building
blocks of "MIT" (where most everyone is somewhere between "pretty darn
smart" and "supergenius"), a stint at a well-known quant trading firm
(Jane Street Capital), and one sweet and sexy trade (arbitraging the
Japan Bitcoin premium), enough was on the table for the Mad Men
Illusionists to go to work with cloth tailored from the silken fabric
of effective altruism.

The next Warren Buffett! The next JP Morgan! And an "effective
altruist" to boot! He's even the vegan who's going to save the animals
as your heart will melt each time he hands you a hundred dollar bill
that you're definitely not buying steak with, right?

Surely Sequoia, the mammoth VC fund that projects an image of
Neo-Futurist Capital Gods, understood the manufacturing of the SBF
brand when they threw money at him and projected that unrealistic
image through their cultivated influencer network.

    Every startup has a startup story. Apple was two hackers in a Los
Altos garage. Google was two grad students in a Stanford dorm room.
Alameda Research was just one guy in a Berkeley apartment, making a
single cryptocurrency trade. That guy was Sam Bankman-Fried, or SBF to
his friends. Yet the trade he made, which eventually led to the
crypto-trading platform FTX, is far from the standard Silicon Valley
creation tale. In 2017, when he was merely 25, SBF collapsed the
so-called kimchi premium, an anomalous delta between the price of
Bitcoin in much of Asia and its price in the rest of the world. It was
a daring feat of arbitrage—SBF is the only trader known to have pulled
this off in any meaningful way—one which quickly made him a
billionaire and achieved the status of legend.

Never mind that SBF only made $20 million off that trade and then
reportedly squandered most of it, and that his billions were entirely
due to valuation pumped up from capital infusions.

But if you were paying attention, there were definitely cracks in the
facade. Granted, only a portion of the wider world has figured out
that Sam Harris is a paper-thin intellectual woo guru, but this must
have been a signal of trouble for at least some adroit observers.

OMG, SBF talked about "hierarchies of infinities" and probably
understands the Spiritual Singularity to come after the breakdown
of…linearity. After heaping effusive unearned praise onto SBF, I'm
guessing Harris is going to try to sweep this one under the rug and
walk away without drawing attention.

It only gets worse.

Just in case veganism, utopian pseudophilosophies, and Clinton
Foundation appearances are boring, SBF spent or committed to $350
million on sports partnerships.
(Image / FTX)

With SBF pumped up so high, crypto news outlets give SBF credit for
inserting several-year-old ideas, well-known to the entire ecosystem,
you have to know he's getting special treatment. This was just an
opportunity to push his name alongside Elon Musk's:

One must wonder whether this was a paid advertisement. One way or
another, in what seemed like the blink of an eye, SBF and FTX were
everywhere. You couldn't swing a dead cat without hitting somebody
working on the PR campaign.
The Rise and Fall of FTX and Alameda Research

If the finance talk bores you, or you find it incomprehensible (that's
understandable if you've never been involved in any of this for a
living), scroll down to the next section and beyond. The most
interesting stories are beyond that point.

Binance, a China-based organization, is the world's largest
cryptocurrency exchange. This likely irritates Western
leaders—particularly those in and around the military-banking complex.
If nothing else, this is evidence that the world of digital currency
is not simply a Ponzi scheme as some naysayers dismiss it. Indeed,
most of the world's currency is already electronic and has been for
many years now. Whether or not you agree, all I can do is encourage
you to learn more. That said, establishing a powerhouse successor
seems to have been a priority among those who funded and organized the
FTX-A Death Star.

You've probably read much on this topic already, or want a simplified
story before moving on, so I'll see if I can take you where you might
not have gone.

Step 1: Establish Alameda Research trading firm.

Step 2: Complete one kick ass trade.

Step 3: Build a well-projected media image of the Altruistic Death Star.

Step 4: Build the Death Star (FTX-Alameda).

Step 5: Explode.

Alameda Research was likely established with the Japanese (and maybe
South Korean, which is a harder problem) Bitcoin premium arbitrage in
mind. SBF pulled that off, and even if he and his team squandered much
of the winners, that was enough to propel them to Step 3, which we've
covered. At that point, as the story goes, SBF talked with Binance CEO
Changpeng Zhao (CZ) who suggested that SBF build an exchange.

I question this last piece because it doesn't make sense on numerous levels:

    Why would CZ encourage a competitor to his business?

    It was likely understood that Alameda needed an independent (or
"independent" given the closeness of the relationships) partner to
engineer the Global Digital Central Bank (GDCB) model that we'll talk
about later.

Next, as the story goes, SBF went out looking for capital and tough
nuts like Sequoia and Softbank basically handed him the keys to the
vault. It's unclear whether this was before or after what must have
been a phenomenal team of lawyers designed the FTX-A corporate

A simple hedge fund typically includes at least three separate
vehicles for the purpose of taking in funds from investors, moving
them into another account to which the hedge fund operates, and then a
trading account aside from that. Perhaps blueprints like this exist,
but I've never seen anything like it. Nor have I ever seen the level
of guaranteed returns FTX offered investors

One thought I've had is whether Bitcoin was held back (short selling
paper coordinated with the Chinese mining ban), but would be pushed
forward by coordinated powers once the Death Star was fully
operational. That could conceivably help cover such returns.

These are not the only details of the story that feel oddly contrived.
One thing that you should never expect from a top quant firm is the
level of public discussion of their operations projected out of FTX-A.
Both times I went to work at top quant funds, I was immediately given
talks about discretion and corporate spying. Educational materials
were not even put in writing outside of what we wrote in our personal
notebooks, and it would have been total betrayal to share those with

FTX-A wanted the world to know that it really was one of the cool kids
(major hedge funds) already, so they churned out videos to support the
image. In reality, the primary reason why this might not get in the
way of profits is that some of their trading cannot be replicated
because some trades take organizational capabilities specific to
cryptocurrency (and perhaps also to running your own exchange).

Many on the internet have pointed out the images of amphetamines and
other drugs designed to provide dopamine sitting on SBF's desk. You
can see him squiggling constantly in his seat. FTX-A employed a
psychiatrist and another coach, perhaps to enable their own
risk-benefit assessment of chosen drug-regimens.

One of the projects undertaken at FTX was something called Project
Serum. This is one that should have raised eyebrows.

So, you're telling me that this team of kids who made their careers
learning how to trade are running these fancy finance companies and
are simultaneously good enough developers to understand how to solve
the Holy Grail of trustless decentralized finance trading?

Could they use some of that brainpower to design a small peptide
inhibitor for a novel coronavirus? Asking for a friend.

Let's talk about the liquidity crunch.

It started with a leaked Alameda balance sheet on November 2, though
most of the world was unaware of the seriousness of the situation
until after Midterm elections had passed. That leaked balance sheet
showed that a substantial portion of Alameda's assets (several billion
dollars worth) were in the form of FTT, the FTX (fiat) token of highly
volatile and speculative value. It is "Crypto Winter" already in the
historical almost-four-year cycle with volume in the markets depressed
following a catastrophic breakdown in the unrealistically overhyped
yield farming corner of decentralized finance (DeFi), so large numbers
of eyeballs began sifting through FTX-A, revealing a plethora of
worrying signals.

At this time, a lot of information feels chaotic at least partially
because there are innocent panicked people at all levels below the
FTX-A Royalty layer, but communication broke down around the center.
Some of this may be to dodge clawbacks. Imagine getting your money out
only to have some auditor come after you and take some of that away to
distribute to those who did not? It's a competitive situation. Some of
this is due to employees and contractors moving back home. Expect a
lot of additional facts to come to light.

Now, let's take a look at the carnage from this past week. I'm not
going to dwell on rewriting this part of the story as it's still
changing quickly. From,

    According to Reuters, Sullivan & Cromwell has been named as one of
the advising law firms to the disgraced crypto exchange, FTX, in its
bankruptcy proceedings. Sam Bankman-Fried, the co-founder and CEO of
FTX, vaporized the high-profile crypto firm from a $32 billion
valuation to smoldering ashes last week.

    Reuters reported that Bankman-Fried had moved as much as $10
billion of FTX customers’ money to his separate hedge fund, Alameda
Research, through a “backdoor” in its software. Alameda had lost much
of the money on wild bets while $1 billion to $2 billion had just
“disappeared,” according to Reuters. The Financial Times reported that
FTX held just $900 million “in easily sellable assets” against $9
billion “of liabilities the day before it collapsed into bankruptcy.”

    The FTX news grew even more bizarre over the weekend with the New
York Times reporting that $515 million may have been stolen or hacked
from FTX after the bankruptcy filing. This raises serious concerns
about the capability of those put in charge of the bankruptcy
proceedings to safeguard what’s left of the assets.

Hacked? Back-doored during an inside job? Who knows at this juncture.

What is known is that a lot of the idiosyncrasies of the crypto
markets played a role. So much of crypto finance is new that even the
geniuses in the space are constantly rethinking things and making new
insights. It's an exciting, Wild West atmosphere in many ways, and
FTX-A appears to have underestimated that factor. For example, one of
FTX-A's exposures was to Three Arrows Capital (3AC), which seems to
have been engaged in statistical arbitrage of the premium associated
with Bitcoin trust Grayscale (GBTC).

The premium began to move in one direction earlier this year and
speculation of fractional reserves (not truly holding the requisite
Bitcoin assets) turned into contagion. Such unexpected questions of
fidelity result in price crashes—particularly during Crypto Winter
after the breaking of Terra/LUNA peg in May that sent half of the
decentralized finance (DeFi) space into disarray.

A friend of mine suggests that GBTC may be fully funded as intended,
evidenced by their interest in becoming an ETF. I'm sure we'll all
find out in the coming weeks.

This is all exactly how the DeFi space is not supposed to work. Were
all of these assets held by individuals in wallets (addresses),
provable on a public ledger, there would be no need for paranoia. But
the gold rush is being led by people behaving like Tiger parents
bootstrapping their toddlers to the rotting flesh of yesteryear's
Great People of History. This isn't your grandparents' financial

And this is all going to require a lot of expensive therapy.

The visible scope of the carnage as this Titanic mess sinks continues
to grow by the day. Careless investors are out many billions,
collectively. I've talked with multiple people who lost millions.
There are cries for heads to roll. Part of the problem is that SBF &
Co. seemed to reach out and lace together as many entities as possible
and as quickly as possible during their Crypto-zerg. Scores of
bankruptcies will take place, and if the illiquidity contagion isn't
controlled, the problem could get worse than that.

The latest Forbes article purporting to deconstruct Caroline Ellison
naively challenges the notion that Caroline, SBF, and their circle
ever really believed in the tenets of effective altruism.

    Doubt now has emerged over whether Ellison, Bankman-Fried or their
compatriots actually believed in the tenets of effective altruism, or
if it served as an effective way to shield their alleged wrongdoing.
In text messages published by Vox on Wednesday, a reporter asked
Bankman-Fried if his talk about ethics was “mostly a front.” His
response: “yeah.” Ellison at one point, perhaps in a moment of
sardonic self-awareness, appeared to have renamed her blog “Fake
Charity Nerd Girl.”

You mean to say that there are philanthropaths who virtue signal
charitable attitudes that disarm people with torches and pitchforks
while snickering about it in private, and even get bold enough to
flash the joke in your face once in a while? You don't say!

Maybe that explains why the philosophy of EA is simple enough that it
has come to mind for perhaps 90% of eleven-year-old school children
during an essay about what they want to do when they grow up.

Meanwhile, SBF continues to play the game, signaling to whoever might
buy it that this was all just a big whoopsie.

Can you really blame a kid who was on top of the world for no good
reason? Let's see if he can convince the world that it's okay when
people walk into the bank and the banker says, "So, this thing
happened where I spent a bunch of your money on hookers and blow at my
penthouse in the Bahamas that was also purchased with your assets.
Call it an error of judgment."

This was all really just a windup for the real pitch. Here is comes…

And there it is: "If we fail, bring in the regulators. Because they're
good people doing a hard job, but it has to be done to protect you
from the likes of me, even though they can't keep up."

Brush off the cringe. This is only going to get darker. A lot darker.
Put the children to bed and pour a glass of something strong…
Establishing a New Global Financial Order in One Fell Swoop?

We might as well jump right to it. I submit that it is highly likely
that FTX-Alameda's planned best hope was to establish a new Global
Central Digital Bank (GCDB). This GCDB would be the ultimate issuer of
Central Bank Digital Currencies (CBDCs, though eventually the plural
would not be needed under the then-inevitable governance structure),
such as the one now being pushed on Australia. This is why SBF would
be elevated above all other [actually] successful hedge fund managers
and cryptocurrency entrepreneurs to share the stage with Bill Clinton,
the head of the U.S. Treasury, and the CEO of Blackrock. Many
financial engineers had a part in constructing the Death Star.

What is the Death Star, exactly?

Much has been said about the obviously inappropriate relationship
between FTX and Alameda. Thankfully, Arnold Kling provides the correct
explanation from the chair of an actual Economist:

    Let’s retell this story using entities of the U.S. government. The
Treasury is like FTX, issuing tokens that it calls bonds. The Fed is
like Alameda Research, taking these tokens on its balance sheet to try
to support their price.

    You’re going to say, “Wait. The Fed is issuing its own tokens,
called money. The analogy does not hold.”

    But Quantitative Easing did not work by issuing money. Instead,
the Fed borrowed from banks, by paying interest on reserves and doing
“reverse repos.” Just like Alameda Research, it took a levered
position in Treasury tokens. Now the Fed is bankrupt. It has to be
bailed out by the Treasury (you and me). Unlike FTX, the Treasury can
still get away with issuing tokens.

Who could even think up such a scheme?

Gensler is a journeyman insider. A former whiz kid himself, Gensler
made partner at Goldman Sachs at the age of 30 (the youngest in
history at the time). He later served as Assistant Secretary of the
Treasury for Financial Markets, Under Secretary of the Treasury for
Domestic Finance, and Chair of the Commodity Futures Trading
Commission (CFTC), all prior to his current position as Chair of the
Securities and Exchange Commission, a position made possible by Joe
Biden's election in 2020. It should not surprise anyone then, as
cryptonews reports, "Speculation is mounting in the community that
Securities and Exchange Commission (SEC) chairman Gary Gensler could
have worked with FTX co-founder Sam Bankman-Fried to find legal
loopholes the exchange could take advantage of."
Twitter avatar for @RepTomEmmer
Tom Emmer @RepTomEmmer
Interesting. @GaryGensler runs to the media while reports to my office
allege he was helping SBF and FTX work on legal loopholes to obtain a
regulatory monopoly. We're looking into this.
Twitter avatar for @GaryGensler
Gary Gensler @GaryGensler
I’ll be joining @andrewrsorkin on @SquawkCNBC at 8:00am ET to discuss
recent developments in the crypto markets.
2:45 PM ∙ Nov 10, 2022

Gensler also served as a Senior Advisor to Hillary Clinton, for whom
SBF's mother Barbara Fried worked as an attorney. Barbara Fried is
also co-founder of the political fundraising organization Mind the
Gap, which pushed $20M into the hands of Democrats running in
("undervalued and underfunded") competitive elections in 2018, then
far more during the 2020 election where it helped spearhead mail-based
voter registration—a topic we'll come back to later.

Clearly this is not just SBF's story. But does that mean that these
globalist power players had the engineering of a GCDB in mind from the

This tweet makes no sense at all if they did not have the
establishment of a GCDB in mind. There is no reason why the FTT token
should have any value at all aside from the expected money saved by
token holders trading on FTX (the defining feature of the token) plus
the product of the probability and final value of the established
GCDB. And this is exactly the reason to usher in regulation: because
it cements industry leaders. Just as Amazon rode the tax-free online
shopping wave in a way that current competitors cannot, FTX-A would
have risen in an unregulated environment where future competitors
would be hampered. From the Intercept:

    “I think that the CFTC makes a lot of sense, though, as the
market’s regulator,” Bankman-Fried told the paper. As the young
industry flounders, it resorts to a method tested by its predecessors:
funding the lawmakers who might regulate it. “They’re really
experienced, competent, and efficient and have a deep knowledge of
markets and of crypto markets, and you could do a really good job of

Meanwhile, while the dust is still settling on the FTX-A scandal, the
Federal Reserve Bank of New York quietly announced a pilot program for
the new digital dollar. Probably means nothing.
Controlling Politics

If you're one of the billions of people whose instincts point toward a
world of sophisticated election engineering, you ain't seen nothin'

There is nothing illegal, of course, with spending millions of dollars
during an election cycle. Unless that money isn't yours. But let's
agree that this "ownership of the money" thing seems like a gray area
for a whole lot of people who don't understand Cantillon-fueled
currency theft.

Numerous others writing about the FTX scandal have explained what
appears to be a money laundering operation through Ukraine. I'll try
to repeat it in a simple way, then move on:

    POTUS Biden & Co. sent billions to Ukraine.

    Ukraine put vast sums in the hands of FTX

    SBF & Co. spent tens of millions on primarily Democratic
candidates during the Midterm elections.

It is noteworthy that the "Aid for Ukraine" website apparently set up
by SBF and reportedly took in $60 million in donations is last picked
up by the Wayback machine ten days prior to the U.S. Midterm

One thing that such a scheme generally secures is the willingness of
everyone involved to defend everyone else. If one participant falls
(legally speaking), they can take all their co-conspirators with them.

Again, others have written about how SBF was Biden's second-largest
donor, the $70 million SBF & Co. spent on Democratic Party candidates
during the 2020 Midterms and the billion dollars he planned to spend
going forward, so I'm not going to lay all that out in detail.

Then money handed out like cheap Halloween candy was not entirely
pushed to Democrats. A good strategy must also involve capturing
enough of both sides of the aisle to push an agenda. Buying influence
with a former Bush-era HHS bureaucrat fits a lot of Venn

In order to keep the public in the dark, it is necessary to cover all
bases—this means intelligent politicians who know the vaccine-pushing
organization that is the HHS.
Twitter avatar for @IamBrookJackson
Brook Jackson 💜 @IamBrookJackson
Pfizer Inc. v. United States Department of Health and Human Services,
et al. Pfizer appeals to Supreme Court challenging U.S. anti-kickback
laws with support of J&J & other Big Pharma lobbyists.…
5:47 AM ∙ Nov 18, 2022

Given the razor-thin margins in recent elections, I don't need to go
out on a limb to discuss the likelihood that these donations make a
difference at every level of policy-making.

Timing: One might wonder if the November 8th revelation of FTX-A's
financial woes was held back until after the elections.

Obligatory reminder: All of this is in addition to and aside from the
2018 FBI Masterclass prepared for the media crowds on how to use
mailed ballots to engineer an election, punctuated with the
observation (paraphrased), "It will be years before the FBI has the
capabilities to stop this," and then memory holed (try and see how
long it takes you to find this on the internet) with an MIT stamp of

Timing: Is it becoming clearer why Big Tech firms known for their
close ties with intelligence and the DoD waited until after the
Midterms to lay off tens of thousands of employees? Absent Democratic
Party control needed to run these operations with an entirely free
hand, Bitcoin moves closer to escape velocity.

Whatever may or may not be true about the Bigger Picture, know that
you're not going to be allowed by Big Tech to ask the President's son
about any of it.
Twitter avatar for @WSBChairman
Chairman @WSBChairman
@CryptoKaleo I asked Hunter Biden about the connection between Sam and
the Democratic party and immediately got removed
7:17 PM ∙ Nov 15, 2022

With Midterms out of the way, the Democrats felt free to vote us into
a continued state of COVID emergency. Huzzah!
Twitter avatar for @HansMahncke
Hans Mahncke @HansMahncke
These 36 Senators just voted to extend to the Covid state of
emergency. And not one of them will be punished by voters.
4:15 AM ∙ Nov 16, 2022

>From SBF & Co.'s perspective, whether or not they succeeded in
establishing the GCDB, they took a lot of money from Bitcoiners
competing with the globalists and used it to fund the election of
those most opposed to Bitcoin's promise of decentralized (like
democratic, ahem) power. They might simply call that a 'W' on the
scorecard—particularly if they can navigate their ways out of jail

On the media side, we see the traditional Titans of the Mainstream
running a well-practiced interference circle jerk for FTX-A:

    WaPo: Dude gave money to politicians. Move along.

    Vox: Look, it's a narcissist! And he regrets filing for Chapter
11. Move along.

    Vox: Impact on politics overrated. (Do we have to stop and argue
with this nonsense? Or just look for who butters who's bread?)

    Forbes: Caroline Ellison was a weird, nerdy, narcissistic
sociopath, and new darling of the alt right (ha!). Move along.

    NPR: Fortunately this isn't the real economy. Move along.

    Forbes: Gensler just wants to build a resume. Move along.

    EA: "We disavow!" Move along.

    Jane Street: "We are disappointed in SBF." (This one may be fair and true.)

There's nothing to see here?

We remain on the economic trail.
The Pedophile Elite
"And it's in all those things we won't ever say;
And it's in all those things we won't ever be;
And it's in all those things we'll pay not to see." -Story, Great Northern

Yes, I'm going there. And this section isn't for the faint of heart.
But without it, we don't have the complete picture, and we can't do
anything about it.

Do you think that the pedophile elite really exist?

I can think of no moments in history when sexual blackmail seemed like
a good way to compromise and leverage powerful people except all of
FLASHBACK: Once upon a time the FBI and mainstream media ran
interference and helped memory hole allegations in court that then
Vice President George H. W. Bush partook in a child trafficking ring
run out of Franklin, Nebraska.

I haven't yet decided exactly how much to make of it, but there is a
disturbing similarity between Alameda's logo and the recursive twisted
symbols and logos that the FBI compiled in order to identify possible
organized pedophilia groups.

I find it disturbingly often in the publicly available PR materials of
politicians—and Democrats in particular. When you Wayback Machine
Gavin Newsom's Twitter profile to March 2020, there is what appears to
be an artificially inserted arm behind his wife with fingers forming
the inversion:

Could be nothing. Don't let it ruin the rest of the article. It's not
as if SBF hangs out with Bill Clinton and wears a t-shirt in his
Twitter profile advertising the "little girl lover" symbol, and dated
a woman who still looks like she's twelve. Wait!

Would it be crazy if EA turned out to outwardly represent a fluffy
pseudophilosophy, but was internally a globalist network for elite and
aspiring elite pedophiles?

But surely a nice little Harry Potter obsessed nerdy girl like
Caroline wouldn't associate with…

Okay, I could jump to conclusions, but I won't. I'm just…collecting
data, for now. One way or another, there are bigger predators in these

Coming to grips with the vastness of the West's pedophilia problem was
a gradual series of eye-opening events for me. During childhood, I was
fortunate not to be around dangerous pedophiles myself—at least not
that I was aware might have been there. Among friends in my community,
pedophilia was merely an edgy joke about something that seemed so rare
as to be nonexistent. But shortly after I went to work as a bond
trader on Wall Street, I found myself sitting at a desk next to a
freshly minted Princeton graduate named Paul "Should I Double-Bag It?"
Ellis who bragged effusively about his sex tourism in Southeast Asia.
Shockingly, office leadership seemed more concerned about the lawsuit
risk (there was one woman in the 17-person unit) associated with his
loud blathering about sex with prepubescent girls than what this meant
about his character. Or perhaps it's good to be a Princeton graduate
in a room almost half-filled with Princeton graduates?

In 2003, I was first introduced to the basic details behind a drug and
pedophile ring by my oldest brother Andrew when I flew out to visit
him in Lahaina, Maui. I'll skip past the story about how my brothers
and I grew up in a quasi-cult that had been infiltrated and controlled
by military intelligence. There is a lot to talk about there, but it
turned out that at a camp in Virginia run by the quasi-cult that none
of us ever attended, a great deal of sexual abuse took place. However,
Andrew started dealing drugs in high school, and through a member of
the quasi-cult came into contact with the
military-intelligence-and-CIA-connected (operated?) drug mafia known
as "The Rainbow Family" that followed the Grateful Dead and Phish
ever-touring concert festivals. As the story goes, they sourced the
same LSD used in MK-ULTRA—from the same underground lab(s) that
reportedly operated out of a hidden room at MIT, a Cambridge
apartment, and at the recently demolished MIT dormitory known as
Bexley Hall.

At the time, Andrew was the web developer for, which
sells events and adventures in Maui, so we got free tickets on
snorkeling trips, helicopter rides, and luaus. For a week, we partied
it up for the price of [good] tips. When we were good and drunk one
night, he shared with me that he had fled to Maui after being pressed
to pimp prostitutes, including children, to the Silicon Valley crowd
where he worked in California. Working as a web developer at a
well-heeled startup, Andrew was really the go-to guy for drugs having
imported his connections from the Rainbow Family and elsewhere. For a
hot minute, he was an Armani-suit-wearing dreadlock-hippie drug dealer
with a fancy sports car who barely had to leave the office to find a
client. But the demands his suppliers put on him to connect his
clients to the sex traffickers drove him over the edge. After a
substantial drug deal, he took the $50,000 meant for the suppliers on
a trip to Vegas, got high (on whatever drugs he might have used at the
time), and gambled it all away. That same week, the CEO of his company
was arrested by the FBI on fraud charges. So, Andrew up and fled to
Maui (and I was confronted by two well-armed members of the Rainbow
Family in Chicago for the $50,000 bill for his life). Though I'd paid
his bill off with the entire contents of my bank account (and then a
little), he was eventually spotted in Maui and still beaten nearly to
death (I believe his later death was largely the result of that
attack, along with the alcoholism, depression, weight gain, and
diabetes that ensued, spiraling him into oblivion).
FLASHBACK: In 2016, former Chief of Staff to powerful Tennessee
Senator Lamar Alexander Ryan Loskarn died from an apparent suicide
after being arrested for his involvement in a gay pedophile ring in
Washington D.C.

A strange and violent childhood allowed me little room for naivety,
but somehow in my mid-20s I found society to be a whole lot sicker
than I'd imagined. And who knows where my bother's story might have
gone if he didn't have his moral limits. But if you really want to
fall down the rabbit hole, start working through the life and death of
computing prodigy and hacktivist Aaron Swartz. I suspect that his
disappointed realizations about the dark corners of Cambridge were not
terribly distant from my own. This was, after all, a young man who
found the community at Stanford to be surprisingly uninteresting and

As the mainstream narrative goes, Swartz, then a 24-year-old fellow at
Harvard, was caught in 2011 hacking MIT in order to liberate gated
(JSTOR) journal articles that he could have freely downloaded from his
account at Harvard, then hung himself without a note using somebody
else's after being sentenced in court for violating the draconian
Computer Fraud and Abuse Act (CFAA). Outside that mainstream narrative
is another tale,

    A quick look at MIT Media Lab reveals some questionable characters
at the helm.

    - Negroponte’s major promoter and sidekick has been Steward Brand,
who evolved from being a back-to-nature founder of the Whole Earth
Catalog to a raving advocate of “nuclear power, genetic modification
and geoengineering”. (Let’s hope he relocates to Fukushima where he
can personally enjoy all three wondrous advances.)

    - Walter Bender, founder of Sugar Labs, which developed the One
Laptop per Child project’s XO-1 Children’s Machine, the communication
tool of choice for pedophiles to communicate with their little brown

    - Frank Moss, who was trained at the Technion Institute in Haifa,
a center for the Israeli Defense Force’s cyberwarfare R&D projects.
The Media Lab itself is heavily involved in military-related projects
with the US Air Force, the Space and Naval Warfare Systems Center, the
Army Research Office and Google, which is a high-tech contractor in
artificial intelligence for DARPA.

    - Joi Ito, who once ran a nightclub in Roppongi, Tokyo’s
drug-peddling and prostitution district run by a yakuza boss whose
interest lies in Caucasian models performing coprophilia and bondage,
increasingly favorite video themes besides child porn among the
American university technocrati. Since he never earned a higher
degree, Ito’s main qualification is apparently his status as godson of
Timothy Leary. For those who were/are too stoned to comprehend
political reality, Leary began his drug experimentation as a
psychologist for the MK-ULTRA mind-control program and became a
proselytizer of hallucinogens under a CIA psy-op campaign to disable
the antiwar movement.

    MIT Media Lab is yet another spin-off from the all-powerful
MK-ULTRA and DARPA. No wonder it’s been producing child porn and
involved in overseas pedophilia. The One Laptop program is a clever
vehicle to provide early sex education to children across impoverished
Asia and Africa who have yet to reach pubescence.

A few years ago, when I first heard about this alternative narrative,
I began trying to track down people who knew Swartz. It turns out that
there aren't a lot of people to talk with about him, but we did have
one friend in common who wouldn't even speak over the phone about any
of it. I'll stop that thread right there, except to say that through a
series of discussions with numerous people around that person about
many aspects of this story (and some branching off of it), I came to
believe that the mainstream narrative was something Swartz agreed to
roll with in order to save those around him whom he cared about. By
chance, that was all right around the time I came to know the name
Jeffrey Epstein for the first time.

The well-connected Epstein was a member of both the Trilateral
Commission and the Council on Foreign Relations, two organizations
that likely have players in every major global event. And it may or
may not be coincidence that Epstein's close friend Bill Clinton helped
build the SBF and FTX-A brand recognition.

After Epstein's donations to MIT Media Labs (MIT's well-nerfed
internal report goes back to 2002), which totaled millions of dollars,
often sent through him from sources including Bill Gates, came to
light, Joi Ito resigned amid media coverage that seemed to nerf the
story as best as possible. He did receive a letter of support signed
by over 100 individuals—including Lawrence Lessig who had served as
Swartz's lawyer. As Whitney Webb has been pointing out in interviews,
the story of Jeffrey Epstein is about much more than the lurid details
of his sexcapades with underage girls. Epstein was a specialist in
financial crime—something the mainstream media somehow always fails to
delve into. But these two crimes go hand-in-hand most closely in a
world in which politicians are hard to blackmail with a garden variety
sex scandal. After JFK had dozens of affairs in a single year, and the
U.S. later elected three consecutive presidents working to bury rape
accusations (Reagan, Bush, then Clinton, in case you never heard),
catching a politician in bed with a live boy or a dead girl may be the
only blackmail plan with teeth.
FLASHBACK: (Operation Flicker) In 2006, a DoD investigation into a
child pornography ring began that eventually found over 5,000 [dot]mil
(military/DoD) email addresses among those accessing a well-trafficked
child porn site. The investigation continued into 2009 after Barack
Obama took office as POTUS. In a handful of cases, prosecutions were
successfully sought while the rest were swept under the rug. All that
remains of the page that housed the Inspector General's report on
Operation Flicker is an empty page underscored with the words,
"Integrity, Independence, and Excellence".

Among the precocious Swartz's many projects was the user-driven news
aggregation Reddit. Swartz's own project Infogami merged with a
similar burgeoning project to form the still popular site. After
Swartz's death, reddit took a turn into censorship under moderators
such as u/maxwellhill, who claimed the same birth month as Ghislaine
Maxwell and went inactive just before Ghislaine Maxwell's arrest in
2020. Given the account's frequent removal of politically ring-wing
posts, and interest in topics surrounding child sexuality, the common
sense default assumption is that Ghislaine Maxwell worked with Reddit
using that account. Another moderator account (u/anutensil) with
similar interests and activities was likely hers or her sister's and
is an anagram of Anne Sluti, a teenage girl whose abduction and
lengthy rape ordeal was the subject of the 2009 Hollywood film Taken
in Broad Daylight.

Early on during the pandemic, former Reddit-CEO Ellen Pao got into hot
water for a tweet in which she seemingly admitted that Ghislaine
Maxwell's trafficking of underaged girls was an open secret. A few
months later, a fight broke out among Reddit's moderators when Reddit
CEO Steve Huffman hired a so-called "pedophile enabler" whom he
claimed was "poorly vetted".

All this to what ends? Why would Epstein's madame take such an
interest in Swartz's online community if Swartz were not getting close
to their most serious plans?

What if the ultimate goal were, among other things, to establish a
Global Digital Central Bank?

Epstein worked (as a donor or fundraiser) with MIT Media Labs since
its founding, and Joi Ito was elevated to Director to shepherd MIT's
Digital Currency Initiative (DCI), which was incidentally involved in
Facebook's attempt to establish Libre as a dominant digital currency.
Also incidentally, Gary Gensler served as Senior Advisor to the DCI
project. All this seems like quite a coincidence, but it makes
complete sense on a level of financial mega-power plays. If morality
doesn't factor into your decision calculus, who would you want
involved in an attempt to establish a new global financial control
center? How about the world's leading Economics and technology center
that just so happens to have relationships with what might be the
world's most powerful sex blackmail ring?

It really does seem as if Epstein touched all the currently important
power circles. The association followed CRISPR Cas9 expert Eric Lander
when Biden nominated him for Director of the Office of Science and
Technology Policy shortly before stepping into the Oval Office. As the
head of Harvard's Broad Institute with a position at MIT that allowed
him to work with gene drive technology at both campuses, he would be
the man in position to steer the administration's possible deployment
of the technology. From an article in the New Yorker,

    Critics called the experiment irresponsible and suggested that the
scientists had violated an established code of conduct. “This paper
demonstrates the enormous safety risks that any such attempt would
entail, and underlines the urgency of working to forestall other such
efforts,” Marcy Darnovsky, of the Center for Genetics and Society,
told National Public Radio when the report was published. “The social
dangers of creating genetically modified human beings cannot be

    There seems to be little disagreement about that. But the Chinese
researchers were not trying to create genetically modified humans.
They were testing the process, and every crispr researcher I spoke to
considered the experiment to have been well planned and carried out
with extraordinary care. The scientists also agreed that the results
were illuminating. “That was an ethical paper, and a highly
responsible project,’’ Lander told me. “What did they do? They took
triploid zygotes’’—a relatively common genetic aberration—“from I.V.F.
clinics. They deliberately chose those because they knew no human
could ever develop from them. And what did the paper say? ‘Boy, we see
problems everywhere.’ That was good science, and it was cautionary.”

Obligatory reminder: Melinda Gates divorced Bill In May 2021 and then
talked publicly about her discomfort with Bill's numerous meetings
with Epstein after Epstein was already convicted as a child sex

Now we come back to the primary Bitcoin-Cryptocurrency ecosystem
(assuming we left it) and see some potential connections.

Recently deceased-maybe-murdered cryptocurrency entrepreneur Nikolai
Mushegian might be considered a near mirror-image of SBF. In the weeks
leading up to his death, Mushegian both inked a deal with the popular
cryptocurrency exchange Coinbase to use his stablecoin technology, and
also tweeted multiple times about intelligence agencies and elite
pedophiles running a "sex trafficking entrapment blackmail ring" whom
he believed would torture him to death. While we cannot be certain
about exactly what happened between that last tweet and his body being
found in the ocean a few hours later, it makes sense to wonder if a
child sex entrapment blackmail ring would be one of the tools used to
force consensus in moving toward a global financial stronghold. And
given Bitcoin's wedge position, it makes sense that this would happen
in the cryptocurrency space.

Some Bitcoiners knowledgeable in the space point to Tether (the most
utilized stablecoin) co-founder and former child actor Brock Pierce as
potentially involved. After all Pierce's teenage years seemed to leap
from what other child actors described in the documentary An Open
Secret as willingly engaging in sex with adult men, to flying around
on the private jet of wealthy man, spending his money around the world
until it was all gone. The result of a blackmail deal? Pierce later
reached a settlement in a case involved coerced sex with teenage boys
while other defendents fled the country. I'm told that his circle has
purchased a military base in Puerto Rico and was working to buy a
decommissioned Air Force base there in 2021. I'm told he also
engineered the election of New York City's new mayor, which is a good
connection to Wall Street's geography. That could come in handy in an
era of shifting monetary systems.

Then again, Coinbase was FTX's primary competitor among Western
exchanges, and given the true breadth of FTX-A's extended community,
they could certainly have ordered an assassination of a competitor in
the backyard of another rival, potentially clearing the chess board.
Or was Mushegian potentially spoiling everyone's Death Star?

Pro tip: don't hold your breath waiting for any further investigation
into Mushegian's death, which was ruled an accidental drowning despite
his fearful tweets.

On March 17, 2020, the University of Minnesota announced that
researcher David Boulware would run a series of experiments testing
the ability of hydroxychloroquine (HCQ) for its ability to prevent or
treat COVID-19. As I've previously noted, that announcement was
ignored by the media prior to Trump's press conference two days later
in which the public became aware of experiments involving HCQ and
remdesivir that began in China and were spreading into the West. This
seems in every way to have been part of an organized conspiracy of
silence, which in turn allowed for the production of a fear-based
campaign associating HCQ with Trump, cherry-picking rare adverse
effects of the drug which gets consumed in the billions of doses

In those trials (see here, here, and here), which were evaluated
independently only, were publicly billed as showing that HCQ "failed"
to show efficacy despite HCQ outperforming the placebo arms in each.
These trials involved a non-inert placebo, were halted while heading
toward powering for statistical significance, and were statistically
evaluated in ways that did not layer the demographics in a reasonable
way. David Wiseman, PhD, and numerous others worked up re-evaluations
of various of these trials (here, here, here, and elsewhere) showing
statistically significant results under improvement frameworks and
corrected measurement of time-to-treatment, but were ignored without
commentary by the publishing journals.

One of the funders of Boulware's research on HCQ was software
entrepreneur David Baszucki.

Baszucki is best known as the co-founder and CEO of Roblox, a game
that competes with Minecraft for an audience that consists primarily
of children, teenagers, and also a handful of adults. Participants can
create their own environments within the Roblox platform, and invite
others in to play leading to a largely ungovernable gaming experience.
With children out of school during the pandemic, Roblox saw its user
base explode by tens of millions of users—including fully half the
U.S. school children under 16 and three-quarters of all those ages 9
to 12. In March 2021, Roblox IPOed with a $41 billion valuation—an
instant pandemic-pumped blowout valuation.

Video games are part of the concoction of digital drugs Yuval Noah
Harari suggests is the method for dealing with the useless people who
might otherwise revolt against the status quo powers.
FLASHBACK: While live on CSPAN, Senator Barney Frank, who admittedly
hired gay prostitutes while serving in Congress, threatened to out
members of Congress [for something] when brought up on ethics charges
relating to a gay/straight escort service operating out of his Capitol
Hill apartment (by one of those prostitutes whom he lavished with jobs
and perks) that reportedly included underaged boys. Frank continued to
represent Massachusetts in the House for an additional 24 years

But Roblox harbors a dark secret that it must take a serious PR team
to hold at bay: The Roblox team (here, here, here) and community
members (here, here) have been the subject of an astounding list of
pedophilia and child sex abuse claims (a Twitter search shows a daily
stream of discussion on the topic and it's a topic that shows up on
the Roblox devforum) that seem bizarrely ignored by regulators.

Roblox draws children in using many lures, including music video
debuts by star performers such as Lil Nass. Already a member of Time's
25 Most Influential People on the Internet list at the age of 20, is
best known for videos filled with loud gay erotica, including this one
that celebrates drug-fueled sex, and in which he seduces Satan with a
lap dance.

I'm not here to tell adults how to live their lives, or even parents
how to raise their children. But I'm guessing that most wouldn't call
this "age appropriate" and are entirely unaware of what children
experience through the Roblox platform.

Late in 2021, Roblox announced an initiative "supporting the
innovative and hard-working educators who leverage our platform."

Does anyone wonder if David Boulware had an inkling of the additional
fortunes he might make this game's icky founders?
Pandemic Engineering

>From the moment of the repo market crash on September 17, 2019, I
expected some sort of theater to usher in a new post-dollar era. But I
could not yet imagine a controlled Pandemic Theater like the one we're
living through. I think I get it now. At least mostly.

We've seen a whole lot, but do the dots all connect?

>From a more detailed explanation of the Roblox story at TheWayOut,

    The lockdowns supported by Speaker Pelosi led directly to billions
of dollars in profits for Roblox CEO David Baszucki. In turn, the
Pelosi family was given access to the Roblox IPO stock offering which
increased 55% on its first day of trading, resulting in large profits
for the Pelosi family.

    Thus, it is nothing more than a straightforward summary of factual
observations that:

    1) Roblox’s CEO funded an influential study of early treatment for
Covid-19, which concluded that hydroxychloroquine was “not proven
effective” for treating Covid-19.

    2) Because the authors of the influential study did not conclude
that a benefit was present, strict lockdown measures were enforced.
Moreover, an Emergency Use Authorization (EUA) was issued for other
products, which ultimately included vaccines.

    3) Speaker of the House Nancy Pelosi was in a position to promote
and legislate lockdowns, which prevented children from playing with
each other outdoors and instead drove them toward using the Roblox
online gaming platform and social media outlet.

    4) The Roblox CEO, David Baszucki, made billions of dollars,
according to news reports, because children were locked down.

    5) The Pelosi family were granted access to Roblox stock at its
initial public offering and likely acquired millions of dollars when
Roblox increased by 55% on its first day.

How many billions of dollars add up to a perverse incentive to make a
Pandemic out of a molehill? Or is this more about social control?

One really has to wonder if the imagery is being stage-managed for
consumption by America's children. What is the endgame in all of this?

Obligatory reminder: Two of Boulware's other funders for his HCQ
trials were Chinese organizations.

Now that we've circumnavigated the globalists, let's focus back in on
FTX for the moment. What connects FTX specifically to the pandemic, if

    SBF donated $5M to ProPublica to "establish a world-class
reporting team" in order to "support investigations into ongoing
questions about the COVID-19 pandemic, biosecurity and public health
preparedness." That's the same ProPublica that recently published a
Lab Leak hypothesis article similar to Vanity Fair's that seems to be
an attempt at taking control of what one might deem the "Level 2

    SBF's brother Gabriel Bankman-Fried founded Guarding Against Pandemics.

    Barbara Fried spent years studying the economic and psychological
impacts of blame and punishment. This is exactly the sort of
behavioral economics fed to the Nudge Units during the pandemic.

    SBF's aunt Linda Fried is a Professor of Public Health and
Epidemiology at Columbia University, previously served as a Director
at Johns Hopkins Medicine, is an elected member of the National
Academy of Medicine, and is a member of the MacArthur Network on an
Aging Society, and also serves on the World Economic Forum's (WEF)
Futures Council on Longevity and Human Enhancement. (WEF profile)

    Not only did SBF fund the TOGETHER Trial, which used a nonstandard
dosage of IVM and is still under scrutiny for a wide variety of
statistical anomalies, but he hired his Effective Altruism "reluctant
prophet" guru buddy who waxes poetically about the cheap drugs that
were denied approval during the pandemic. Specifically, Will Macaskill
was brought into the board of the FTX Foundation's Future Fund where
he could talk more about how to give money away—to the right causes
[of the pandemic?].

    The FTX Future Fund committed $10 million to HelixNano for the
development of a "next-generation coronavirus vaccine".

Boulware also headed up the ivermectin study arm of the TOGETHER
trial. It's hard to make this stuff up. There are those who point out
that the Bankman-Fried bros didn't throw money into the trial until
after the IVM results were published. But smart people will understand
that this does not demonstrate a lack of influence. This is clearly
not an unsophisticated crowd.

It is noteworthy that on January 11, 2020, The Lancet published a five
paragraph article (Fried et al, 2020) and an international cohort of
thirteen others lamenting the health effects of chronic loneliness
among the elderly. They declared no competing interests. In June of
last year, Frontiers (yes, that Frontiers) published (Fried, 2021)
Fried's solo-authored "The Need to Invest in a Public Health System
for Older Adults and Longer Lives, Fit for the Next Pandemic" again
lamenting the isolation, but this time as experienced during the
pandemic. Of course, it calls for the establishment of more public
health jobs for such tasks as feeding the elderly during such
once-in-a-century events. Again, no conflicts of interest were
declared. Thumbing through her body of work on PubMed, it is sincerely
difficult to find anything that could be accurately described as
Science. It's hard to imagine I couldn't produce all 412 articles
(usually with several to many authors) spanning several decades during
a year of writing on Substack, which I mention only because I'm
wondering what it is that she gets paid to do.

Through Guarding Against Pandemics, the Bankman-Fried brothers
ingratiated themselves to the DoD and the vaccine-virology public
health machinery.

    Bankman-Fried spokesperson Mike Levine told me that Torres was a
target for the group because he “has pushed for federal funding that
would lead to prototype vaccines for multiple families of known
viruses with pandemic potential, replenish the Strategic National
Stockpile and support the domestic manufacturing of personal
protective equipment, enable rapid testing, and encourage the
development of therapeutics like antivirals and monoclonal
antibodies.” Left unmentioned was Torres’s outspoken support for
crypto both on social media and in the pages of the New York Daily

    “Our strategy during this primary season has been to support
champions for pandemic prevention,” Levine wrote in an email to The
Intercept. He said the PACs hope to demonstrate to politicians “who
are not yet champions for pandemic prevention that doing the right
thing on pandemic prevention funding and security policy will help
them build a coalition of political allies who will support future

Of course, the excuse can always be, "We know The Science, and we know
that the Public Health officials know The Science, so this must
necessarily be the best way forward." But ossification of such
conclusions is precisely what the inventors of science argued against,

Obviously SBF and the FTX-A crowd were not the only ones funding
aspects of the plandemonium. But the FTX-A money machine was a large
one, and the money spent may have purchased the wind that would have
flown their magic internet money kite, setting the GDCB in motion.

Isn't it strange how globalists, wannabe central bankers, and elite
pedophiles oddly rowed the boat in the same direction together in
order to support exactly the sorts of plans that would create or
prolong a pandemic?
De/Repopulating the Earth?

There is a very real worry among some groups, globalists or otherwise,
that the Earth is populated largely with idiots.

However, rather than following a well-demonstrated route of
re-engineering education (we know how to do that), there is a strong
contingent among the cognitive elite—particularly among the
transhumanist oligarchs and their elite VC and Big Tech
communities—who see themselves as truly (and often genetically)
superior beings. Some of them want to repopulate the world with copies
of themselves. If that sounds eerily like runaway artificial
intelligence, you're probably tapping into a mindset many are trapped

Among these "pronatalists" (at best an inappropriate term for whatever
these people might be), was Jeffrey Epstein.

    They both said they were warned by friends not to talk to me.
After all, a political minefield awaits anyone who wanders into this
space. The last major figure to be associated with pronatalism was
Jeffrey Epstein, who schemed to impregnate 20 women at a time on his
New Mexico ranch. Genetic screening, and the underlying assumption
that some humans are born better than others, often invites
comparisons to Nazi eugenic experiments. And then there's the fact
that our primary cultural reference point for a pronatalist society is
the brutally misogynist world of "The Handmaid's Tale."

These are the sorts of people who can agree to cattle-tag a whole
planet while ostensibly opposing one another in a hot war that
threatens to kill millions in a nation with too little of its own
national power.

Meanwhile, Epstein's buddy Gates was busy both funding gene drive
technology, something the public knows little about to this juncture.
This technology utilizes the RNA-guided genome editing tool
CRISPR-Cas9 to spread synthetic DNA-modifications through entire
populations. Think deeply on that power—the power to edit the human
population. To what ends?

Gender ratios could be changed. I'll just leave that one there.

Gates also hired a PR firm to influence policy on gene drive
technology. And now we have a public message. The expressed purpose of
such technology is for altruistic purposes such as making mosquitos
sterile. That's one way to prevent malaria or Zika, and conveniently
makes for a great controversy to distract everyone's attention from
the greater threat to humanity: centralized management of the human
genome. My friend J.J. Couey has been warning about this.

As you would expect of a technology this powerful, the DoD is an even
larger funding of gene drives.

This sounds like one of those highly complex existential risks we
should proceed carefully with.

>From an article in PNAS (Brossard et al, 2019) (emphasis mine):

    In November of 2017, an interdisciplinary panel discussed the
complexities of gene drive applications as part of the third Sackler
Colloquium on “The Science of Science Communication.” The panel
brought together a social scientist, a life scientist, and a
journalist to discuss the issue from each of their unique
perspectives. This paper builds on the ideas and conversations from
the Colloquium session to provide a more nuanced discussion about the
context surrounding responsible communication and decision-making for
cases of post-normal science. Deciding to use gene drives to control
and suppress pests will involve more than a technical assessment of
the risks involved, and responsible decision-making regarding their
use will require concerted efforts from multiple actors. Gene drives
represent a classic case of “post-normal science” (4) for which purely
technical expertise is not enough to address the complexities
surrounding a scientific issue that has not only technical but also
social, ethical, and legal dimensions. Unlike “normal” scientific
issues for which risk assessment can be based for the most part on
scientific inputs, post-normal science has to rely on a multitude of
perspectives when assessing risks and benefits. Along the same lines,
reflecting on communication about the post-normal science of gene
drives can only benefit from multidisciplinary approaches. Our aim is
therefore to use our collective experiences and knowledge to highlight
how the current debate about gene drives could benefit from lessons
learned from other contexts and sound communication approaches
involving multiple actors.

It's not as if we're living through a moment in which our
politically-connected modelers have gotten a whole lot wrong, and
rushing into known unknowns and unknown unknowns thrust us into total
chaos. What could go wrong?

Extinction of humanity?

    A gene drive harnesses one of the ways that cells repair DNA,
called “homing,” that snips out one copy of a gene and replaces it
with a copy of whatever corresponding gene variant (allele) is on the
paired chromosome. It would be like cutting out a word in this
sentence and replacing it with a copy of the word below it. If done to
a gene that affects fertility in a fertilized ovum – aka the germline
– the intervention can lead, within a few generations, to mass
sterility and a plummeting population – a “gene drive” towards

How much do you trust a globalist community that just gathered a dozen
already speed-driven kids to build a global banking network between
drug-fueled orgies in the Bahamas to tinker with the germline?

Obligatory reminder: If depopulation is about to take place, this is
the exact moment in time when it makes sense to run a global "swab
everyone" campaign to collect the largest possible database of genetic

I'm not sure what else to say for the moment. There are pieces to this
puzzle still missing, but there is enough on the table that the image
of World War E is starting to emerge: This pandemic was likely seeded
by infectious clones, spurred by iatrogenic euthanasia as a
smokescreen for a financial and technological coup ahead of the loss
of control the military-banking complex would experience from a
genuine currency competition.

It seems reasonable to explore links between a de/repopulation plan
and each of these and other many related solvable problems:

    The growing (medical) drug shortage

    The growing (illicit) drug mortality excess

    A fragmenting medical system

    Dramatic lack of trust in mass broadcast information streams

    The pre-labeling of dissenters as "domestic terrorists"

    Lack of trust in election integrity

Did anyone really think there was a plan to repopulate the Earth with
SBF and Caroline Ellison?

Never mind.
Satoshi Nakamoto vs. The New World Order

The stakes could not be higher. The Almighty Dollar is likely on its
last legs as the vehicle for global financial quasi-slavery. The
globalists have been organizing for decades around plans to extend
their umbrella as a unified global financial network at the time the
status quo reserve currency weakened. Certainly the reigning banking
regime recognized the potential for a BRICS currency decades in
advance. James Rickard's book Currency Wars demonstrates the
Pentagon's knowledge and war games expected at this time. What
Rickards doesn't write about is Bitcoin, which was invented only
around the time those currency war games were taking place.

The game theory surrounding a three-currency competition gets murkier.
We might even wonder if a pandemic was planned and eventually tacitly
agreed upon as a new sort of fog of war under which a new financial
world order could be established. We'll come back to that point later.

It is important to understand that none of this story relates to
fundamental weaknesses in Bitcoin's model. In fact, Bitcoiner's view
events like this as tests of the strength of the Bitcoin network, then
go back to the drawing board to consider whether a rare change in the
code might improve the system.

This story also demonstrates that those who don't understand morality
cannot fathom Bitcoin.

If you're new to Bitcoin, and have wondered why Satoshi Nakamoto chose
to remain anonymous, does that seem a little clearer, now?
Summary and Additional Details

Now, let us summarize: Under a pandemic-induced fog of war, the
military-banking complex may be enabling an elite pedophile class of
blackmail agents at least partially organized around MIT to establish
a Global Digital Central Bank to enslave the human race, cull
populations, and subject them to genetic information control.

One additional thought worth thinking about is whether these seemingly
related global events were at least somewhat telegraphed, and whether
this is the reason power consolidation occurred in China, Russia, and
Saudi Arabia over the past few years. One way to retain national
strength in the midst of Fifth-Generation warfare involving a constant
stream of confusing signals is to line the ducks up in a row and move
as a single unit.

In all this, I make my best effort to make no mistake about where I
mix fact and speculation, but understand that conversations trying to
unravel the Bigger Picture, including the very real spectre of sexual
blackmailing dominating global politics are being had among the
world's cognitive elite and power players. They've been going on for
years now. One must wonder how much of a role all this plays in the
unmistakable bunker-buying trend among the billionaire class.

Truly covering this story in detail would require a book—or more
likely a few. It is important for at least the basics to be discussed
well enough for the larger global community to discuss. And we should
be demanding an answer to the question, "Will they get away with it?"

Paul Weiss is decidedly not one to shy away from difficult games or
controversy, so this doesn't look good for SBF & Co. despite how well
the deck seems stacked in their favor.

Keep a careful eye out for how the endgame plays out. Will SBF and his
closest associates be pawn-sacrificed in a larger game of global
financial chess, or will real investigations take place into the many
dark corners into which we've tried to hold a lantern?

The public will be pushed to take the pawn and gloat. After all, it's
easy to ratchet up the scorn for the image rapidly involving from
"Robin Hood Mastergeek" to "doughy nerd narcissist who leveraged
mommy's and daddy's network to spend your money partying with in the

Resist that urge. This is a unique moment in time when the larger
machinery of corruption is exposed. Toto smells a wizard behind the
curtain. Take the opportunity to learn more, and discuss the facts
carefully and faithfully. Avoid the temptation of each offered pawn.

The king has never been this exposed.

A few nights ago I recorded a livestream with a Bitcoiner I've known
for a few years. There are some additional details not covered in this

Feedback, and additional help with the research is always appreciated.

Please support Rounding the Earth, an entirely viewer-supported
enterprise. And as a perfectly due brag, I'll mention that early
warnings in the Bitcoin Education group we run led those present to
pull their money out to safety—at least several times more money than
all subscriptions paid to date for the work we do at Rounding the
Earth. We try to preach the basics, including, "Don't leave your
Bitcoin on an exchange," which itself probably saved tens or hundreds
of thousands more dollars worth of Bitcoin and other digital

Lastly, I'd like to brag: though I was never so well funded, my
trading returns were always better than Alameda's, I did it at home
with a cat in my lap, I never lost anyone's money, I never designed a
losing trading strategy, I put the breaks on before Crypto Winter, and
I never compromised my ethics.

Mathew Crawford
Nov 21

Reminder: Those interested in following interim steps of research (or
even participating) and viewing exclusive discussions can join RTE at Our community is also our editorial board. The world must
be a network of independent researchers.

Dr Ah Kahn Syed
Writes Arkmedic's blog
Nov 21

Brilliant stuff Mathew.

This is why they hate us. Because we remember and we join dots, and
our experience spans multiple realms of the scientific sphere. Because
we don't swallow their "news" - we find our own from sources and then
investigate and verify.

We are the news now. The real news.

Handle with care.

o7 sir.

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