FTX as a Controlled Demolition
It's plausible that FTX was nothing more than intelligence-agency slush fund meant to destroy trust in crypto and usher in a new age of Central Bank Digital Currency (CBDC)
This is my FTX article.
There have been a million FTX articles over the past week; my challenge is to add value somehow; to do something different. No point reiterating what has been said ad nauseam.
What I am not going to do in this article, then, is explain the logistics of the collapse, why it matters, how it happened etc… here are a good few Substack articles in that vein:
What I am going to do in this article is approach this story from a “tinfoil-hat“ angle.
Despite this conspiracy theory going mainstream on Twitter, no journalist has yet looked into it in a rigorous way — mainstream journos are all sycophantically treating Sam Bankman-Fried (SBF), the founder of FTX, with kid gloves. Odd case.
Hence, the value of Substack. I can write a 8,000-word screed about this popular conspiracy theory if I feel like it, whereas mainstream media, in contrast, typically keeps their articles under 1,000 word, meaning they couldn’t do a proper deep-dive even if they wanted to (they don’t, their entire mandate is to manufacture your consent.)
The future of media is not legacy/mainstream media. The future of media is Substack.
The people involved in this conspiracy are coastal, elitist, globalist, Democrat ghouls who work hand-in-glove with the CIA/FBI/SEC/CFTC/Mossad and use wokeness as a smokescreen to shield themselves from criticism. These woke footsoldiers aren’t “liberals” in the classical sense of the word; their only ideology is censorious neofascism and their only allegiance is to power. These are corrupt pigs feeding at a trough; greedy kids with their hands caught in the cookie jar.
These people hate you. They want to control you.
They hate crypto (i.e. private currencies) because crypto can’t be controlled.
Hence, they plot to destroy crypto.
Is that really so far-fetched? I don’t think so.
Much of this article is a highly speculative: the overarching thesis is that the-powers-that-be astroturfed FTX as yet other intelligence agency proxy in order to rug billions of dollars, ruining the crypto industry’s reputation & facilitating the path towards a CBDC & social credit scores… and eventually, towards a one-world government.
I can’t prove that Sam Bankman-Fried is a CIA or Mossad asset.
I reached out to both the CIA and Mossad for comment before publishing this article, and did not receive a response.
All I can do is lay out the puzzle pieces in a convincing way, but I think you will find that it is downright plausible — if not highly likely! — that intel agencies would work with private intelligence and woke capital to create narratives that drive their power and control.
Speaking of woke capital…
I am not the first to put forward the theory that SBF is a fed.
I would point you towards this prophetic thread (written 2 months ago, before any of the FTX chaos!) by the CEO of ScienceIO:
Since then, this theory has only picked up steam, e.g.:
SBF is a 30-year old MIT graduate whose net worth peaked at 26 billion USD last year, but this week became negative; making this the most dramatic / swift collapse of any billionaire in history.
He’s built his image around being a quirky eccentric genius who sleeps on a beanbag.
Before this week, he was widely seen as the “face of crypto.”
A modern day JP Morgan.
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In retrospect it was totally obvious he was a pure scammer, for example, while speaking to Forbes last year he cryptically hinted that “some Crypto exchanges are already secretly insolvent”… little did anyone know at the time, he was referring to himself.
The first thing you need to about SBF is that his parents are both lawyers/academics/professors at Stanford who specialize in the study of ethics, morality and logistics as they relate to tax shelters, insider trading and corporate fraud.
https://law.stanford.edu/directory/barbara-fried/
https://law.stanford.edu/directory/joseph-bankman/
His mother Barbara is co-founder of Leftist super PAC “Mind the Gap,” which led the Democrat charge for the widespread adoption of untraceable “mail-in ballots” AKA ballot harvesting.
Some say the parents should take zero blame for how their son turned out.
I disagree!
The most important part of understanding SBF and his motives is how his parents’ utilitarian philosophy drove him to become a radical “ends justify the means” scammer. No different than parents raising their children to become any other form of extremist.
Of course parents aren’t always to blame for their children’s actions; however, in this case, his actions seem to be a direct result of their extreme beliefs. And Sam decided the ends justified stealing deposits, knowing that the personal cost was the potential for disgracing his family. Parents provide foundational values for their children, which the children may accept, or not. In this case SBF exhibits exactly the same ethics as his parents, so let's proceed from there.
In any case, that’s his origin story.
He was born and bred for this moment.
The second thing you need to know about SBF is that he ran a meth-fueled polyamorous sex cult in the Bahamas, where he lived and worked in a luxury penthouse with the rest of his FTX polycule.
Here is an (alleged) insider describing the living situation and power dynamics of the Bahamas polycule:
Despite the fact that she was a novice trader with only 19 months of trading experience, SBF placed his on-and-off girlfriend, Caroline Ellison, as CEO of Alameda Research. She was in charge of billions of dollars.
Alameda was FTX’s sister company; a hedge fund that gambled/siphoned all of FTX users’ money away.
Here is CEO Caroline speaking cryptically about “trades where she’s lost a bunch of money” before realizing that “she probably doesn’t want to get into specifics.”
Here she is blogging about her polyamorous lifestyle:
Here she is blogging about her meth addiction.
Everyone at FTX was reportedly addicted to meth.
In fact stimulant abuse was so rampant that they held orientation for stimulants for new hires:
It’s worth noting that Caroline Ellison’s father is Glenn Ellison, an economics professor at MIT. So, Stanford professors (SBF’s parents) send their kids to MIT, and MIT professors (Caroline’s parents) send their kids to Stanford.
There’s a huge web of nepotism/corruption in this story, and I am only able to scratch the surface. Just watching the wealth, neptosim, greed etc. behind this story is a small peek behind the veil of meritocracy that has a huge impact on the moral of common workers; it weighs on, subverts, and demoralizes the psychology of regular people.
Maybe that’s the point.
Of course, the New York Times ran cover for this scam.
Yesterday, rather than seriously & solemnly covering the most important financial scandal in several years, they ran a puffpiece:
This NYT piece is probably the worst piece of journalism I've seen in my life… disgusting. It's especially weird because it is SUCH a huge story and they assigned a new/junior reporter to cover it… he only graduated in 2019. Methinks this junior reporter had the mandate from editors to butcher it on purpose. They threw the young guy to the wolves.
Rather than, say, mention the fact that SBF is the most well-connected person in the world:
What the NYT did is provide free advertising for “Storybook Brawl,” a random video game that SBF owned:
It really is kinda funny.
NYT just got done tearing apart Facebook for fiddling with its feed algo, then they turn around and paint this total fraudster (“worse than Theranos, worse than Madoff”, according to a former SEC official) as an innocent guy who merely got too overwhelmed but is otherwise totally chill and likes playing video games (download StoryBook Brawl today!).
I hate to mention this next aspect, but I would be doing a disservice to my readers if I pretended not to notice: pretty much every single person implicated in the FTX fraud (including the NYT owners, editors and reporter who let him off the hook) is extremely Jewish.
In fact it’s hard to find anyone involved in this scam who isn’t Jewish, maybe there are one or two, a token asian guy here or there, but yeah, the deeper you dig in this story, the more Jewish people you will find.
People have noticed, and this has resulted in a huge anti-Semitic backlash online.
I reached out to my Jewish friend for permission to broach this sensitive topic, and he gave me his blessing:
Anyways, consider this me mentioning it.
Moving on.
Up until yesterday, FTX was an official partner of the World Economic Forum (WEF).
Yesterday, the WEF scrubbed this from their website.
As luck would have it, SBF’s aunt works for the WEF.
This same dear ol’ aunt Linda also sits on the Council on Foreign Relations, a well-known CIA/Mossad front where Jeffrey Epstein (PBUH) served dutifully for 15 years.
SBF’s brother is a Democrat operative:
This is where the Democrat party comes in.
You see, SBF just happened to be the 2nd biggest donor to the party, second only to George Soros.
Basically what we have here is that SBF stole hundreds of millions of other people’s money and donated it directly to the Democrat party, right ahead of the midterms.
That means Democrat PACs are presently in possession of stolen money that needs to be returned to FTX clients. Will they return it? Haha. Don’t hold your breath.
SBF then pleged $1 billion to the blue team.
Not hard to work out that if he got the right exchange licenses and regulations passed he would give them the full billion and would have continued donating large sums long after. Straight up political quid pro quo.
He was speed-running his way to becoming Soros 2.0.
One of the most prominent officials who appears to be bought off by SBF is Gary Gensler, who Bill Clinton (who flew on Jeffrey Epstein’s plane 26+ times) appointed to be Assistant Secretary of the Treasury in 1997, Obama appointed as head of the CFTC, and more recently President Joe Biden appointed to be in charge of the SEC — the organization tasked with overseeing crypto.
The general counsel of FTX used to be the lead counsel to Gensler when he was CFTC chair.
As head of the SEC, Gary Gensler met regularly with SBF in an official capacity.
How did he not know what was going on?
If he didn’t know what was going on, he’s incredibly incompetent and should be fired.
If he did know what was going on, he’s incredibly corrupt and should be fired and jailed.
There is no middle ground.
Whether or not this was planned or not, though, is irrelevant. What matters is that the SEC literally caused (either through corruption or incompetence) this crash and are using it as an argument to give them greater regulation and control of crypto.
Never waste a crisis, regardless of whether that crisis was manufactured or just a happy accident.
Where do We Go From Here?
In the years leading up to this moment, I had naively hoped that I would be long dead before CBDC’s went mainstream. Any such optimism is now crushed.
The timeline has accelerated.
I now don’t see any road forward that does not end in a central bank digital currency within the next couple of years.
It’s gg.
In order to usher in CBDCs, the-powers-that-be will have to first crackdown on “legacy crypto”; can’t have any workarounds or alternatives to your new regime! The government must be the only provider of crypto.
Just this week, senators decided to move forward with SBF-backed crypto regulation bill.
If there were any justice in the world, this is what would happen to SBF:
What will happen to SBF in reality? I don’t know. I don’t even know what country he is in right now.
Settle in for years of investigations and legal fights; this is our generation’s Enron, except on a bigger scale; they even brought in the exact same lawyer who cleaned up Enron to be the new CEO of FTX to unwind the carnage:
I can only hope that Republicans will use their newfound control of congress to launch a full-frontal investigation into Gensler's FTX links. Subpoena everyone. Drag everything into the sunlight.
I am sure Republicans will be interested in the Ukraine angle.
The Ukraine Angle
There is a popular conspiracy theory floating around the internet that the Democrats used FTX to launder money sent to Ukraine, but I don’t buy it.
I also don’t *not* buy it.
There isn’t really any proof to substantiate this claim one way or the other.
I unironically suspect all of these popular memes were made by Russian disinformation agents, or some other shady disinformation group like that.
Apart from these memes, there is no evidence showing that money laundering between USA —> Ukraine —> FTX—> USA occurred.
Some in the conservative media ran with this angle nonetheless, such as The Gateway Pundit and The Post Millenial, who each ran articles stating unequivocally that Dems laundered donations to Ukraine through FTX.
Shocking how irresponsible they are to print these stories with no proof. Speaking as someone who used to work at the Daily Caller News Foundation, I 100% would’ve been fired if I published these stories. A gross failure of conservative media.
Where is the evidence that Ukraine sent US tax dollars to FTX?
It might eventially turn out to be true, but as of now, it isn’t.
Pizzagate 2.0
There is one final twist in this story that REALLY gets into tinfoil hat territory.
Over the past few days, amateur sleuths have started to notice that Alameda Research’s logo — the hedge fund attached to FTX, remember — looks suspiciously like the symbol used by pedophiles to identify other pedophiles.
This symbology comes straight from an official FBI guide:
If you’ll recall, this same symbology was at the crux of the Pizzagate scandal of yesteryear, where the pizza parlor in question used a variant of the same suspicious logo:
It goes one level deeper, because sleuths realized that SBF’s shirt in his twitter avatar is suspiciously like another pedophile symbol from the same official FBI guide.
Crazy… impossible… right?
Well, let me ask you this. Do you think Jeffrey Epstein was an isolated case that was nipped in the bud, or do you think there are dozens/hundreds of “Epstein’s Islands” scattered across the world? After all, the Bahamas where Alameda Research & FTX are located is a well-known sex trafficking hub. These FTX scammers all ran in the same circles as Jeffrey Epstein— MIT, Council on Foreign Relations, Mossad, etc. Is it really so crazy to think they pulled off the same scam twice?
“Epstein is the tip of a very large iceberg.”
Yiota Souras · Chief Legal Officer, National Center for Missing & Exploited Children
This is all still pretty tenuous.
Here is where the meat of the pizzagate twist comes into play.
Two weeks ago, the body of Nikolai Mushegian, 29, was found floating in the ocean in Puerto Rico, fully clothed and carrying his wallet. How many surfers do you know that go surfing with a wallet?
In a tweet hours before he died, he wrote: 'CIA and Mossad and pedo elite are running some kind of sex trafficking entrapment blackmail ring out of Puerto Rico and Caribbean islands. They are going to frame me with a laptop planted by my ex [girlfriend] who was a spy. They will torture me to death.”
This wasn’t just some random guy, this was a big-named crypto developer/influencer who lived in Caribbean and was trying to sound the alarm on the CIA and mossad running a pedo elite cult in the Caribbean.
Rest in peace, Nikolai Mushegian.
Disclaimer: investigative journalists who mention elite CIA/Mossad pedophile rings have a tendency to wind up dead, or in prison. This is especially true because the last guy who tried to expose this specific pedophile ring ended up dead, just a couple of weeks ago.
Even though I am not adding anything “new” to the story — I am not breaking any news, and this conspiracy is already mainstream on Twitter anyways — just the fact that I am putting the puzzle pieces together and elevating it from the Twittersphere to the blogosphere is often enough to warrant getting snuffed out.
If I wind up floating facedown in the ocean, or “caught” with a kilogram of heroin, or “caught” with a trove of child porn (as Nikolai Mushegian explicitly feared would happen to him), or hanging from a doorknob, I didn’t do it.
I am not suicidal.
Leak me documents or tips: chrisbrunet@protonmail.com
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You are doing God's work, sir, shining the light of Truth on this web of criminal corruption in the highest of places. May God protect you and bless your work!
So it turns out dragging us off in chains and scattering us to the four corners and claiming we killed God wasn't such a smart idea after all? Go figure.
With that out of the way--glad to receive this sign of life and may you continue in good health, amen!
Some of your points I've also already observed myself, including the sacrificial NYT article; whole lotta misdirection going on.
And now for a perspective you kids wouldn't've noticed; it may be a useful part of the picture.
It's not in the least uncommon that extremely smart capable parents produce various grades of idiot children who survive and somewhat thrive only because of the connections and pressures of their parents. First thing I noticed about SBF was that lisp. Thirty-year-olds speaking like toddlers is always not a good sign and if they got billions in their little sweaty fists...
I think he may not have known a thousandth of who was really pulling the strings. Lots of facilitating propping him up, and he was just moron-enough to think he was a clever clever boy fulfulling his born destiny in elite hangouts. The CIA/Mossad boys have been known to make some spectacular mistakes but I don't think they really would have wanted this wonderkind to know very much about anything that he really didn't need to know.