Flim-Flam Man Runs Out of Other People’s Money

For years people have been trying to explain to me exactly what function crypto-currency performs.  And for the life of me I still don’t get it.  And I’m not a hundred percent sure they know either.  The only answer I can remember is “block chain.”

So when I read about a crypto-exchange company called FTX that scammed it’s depositors for something like eight billion dollars I wasn’t in any way shocked.  Instead, I was gratified to hear that it seems to have specialized in Democrat investors.  So that cheered me up a little.  I read that Larry David and Katy Perry were fans of the company and its founder, the improbably named Sam Bankman-Fried, was the second largest donor to the Democrat Party during the mid-terms, behind only George Soros in total dollars.  And I thought, “Is there no end to the greed?”

The scam worked by siphoning off the funds in the depositors’ accounts into a separate company called Alameda while keeping two sets of books.  The money in Alameda was used to fund a cryptocurrency of Bankman-Fried’s design.  But when the crypto-bubble burst and FTX customers tried to remove their funds there wasn’t anything left in Alameda to transfer back to FTX and the whole thing was exposed.

And now I hear that maybe FTX was also some kind of money laundering outfit for the Ukrainians.  Well, at a certain point you run out of outrage.  Eventually we’ll learn that Hunter Biden collected his billion dollars somewhere along the line.

So, what’s my point.  Maybe there isn’t one.  But it definitely reinforces the idea that the people in charge are in cahoots with crooks that steal money on an industrial scale.  And the feeding frenzy seems to be reaching a crescendo.  Possibly they know they’ve crashed the system and they want to syphon off everything they can before the collapse absorbs whatever’s left.

What I haven’t read about yet is Bankman-Fried being arrested or indicted for such a massive fraud.  Maybe his friends on the Left haven’t figured out whether they’ll be implicated in this trainwreck.  What I have heard is some of the larger depositors complaining that lawmakers who were recipients of campaign contributions by FTX should return them as a partial recompense to the depositors who’ve lost everything.  I’m guessing that that’s not going to happen.  Nancy Pelosi and Chuck Schumer really need that money.  It would be grossly unfair to punish them for someone else’s crimes.

So, let’s call FTX just another example of selective justice.  January 6th defendants are rotting in prison cells for misdemeanors and felons who steal billions of dollars are allowed to keep their spoils and not even have to show up in court.  Seems about right.

Can I find anything positive out of this whole thing?  Yes.  Pretty soon even the toadies of the elites will discover that there isn’t enough pie to go around even for them.  When the ladder is pulled up, they will be left down here with us, in the cold, eating bugs.  It should be very educational for them.  I hope they’ve managed to avoid making too many enemies among the dirt people.  They’re not good enemies to have.

19NOV2022 – OCF Update

 

Today I escape from The Compound and bond with the old grandsons.  We’ll watch pathetic superheroes skitter around the big screen and eat some popcorn and then hang out at my local steakhouse and talk about their latest adventures.

It’s a source of wonder and joy that they actually like me.  Reliable sources inform me that’s not a typical result.  So we’ll spend some time and absorb some calories and maybe fifty or sixty years from now when I’m just a headstone in a field one of them will have a stray thought about me and maybe smile.  That would be perfect.

So things will be a little slow starting out today.  Enjoy your Saturday.

Garland Appoints Special Counsel to Take Down Trump

Everyone has been waiting for this moment.  The Biden administration has activated the plan to stop Donald Trump from running in 2024.  They’ve selected a hatchet man to put together a rigged investigation.  Then comes the Washington DC located kangaroo court and jury to convict him.  That should teach anyone who still has any doubts about whether justice still exists in these United States.  Should be interesting to see what comes of the investigation into Hunter Biden.  Probably nothing.  After all, it’s the DOJ that prosecutes people not the Congress.

https://www.cnn.com/2022/11/18/politics/justice-department-trump-special-counsel/index.html

 

Guest Contributor – NostraDumbass – 18NOV2022 – What If the Deep State Wins

Question:

Chemist:

I’m curious: How are you prepared for the swamp to win?

If the swamp wins our savings are worthless, the boarder is no more, voting is the same here as in North Korea, energy costs will skyrocket, medical care will be rationed, lawlessness rules the land.

Other than building a bunker, how do you prepare for that?

 

NostraDumbass:

You prepare for the results.  In this case the DC swamp is similar in nearly all aspects to fascism.

The swamp has disdain for the recognition of human rights.  Because the swamp’s fear of enemies, the need for its own security is primary, so the regime will persuade that human rights can be ignored in certain situations because of this need.  Most of the sheep will look the other way, or even approve of torture, executions, assassinations and long incarcerations of political dissidents.  Change your party registration to Democrat as a safety measure as there is no longer a “real” vote anyway.

The swamp will then begin identifying the enemies of the America that they rule.  They will attempt to rally a patriotic frenzy over a need to eliminate the common foe: MAGA in this case.  Limit discussions with those around you to those you trust, show yourself as a blank screen to all others. Do not proselytize.  The result of Martyrdom is still death.  Guerrilla games are played in the shadows and are more effective.

The swamp already controls mass media, either by government regulation or the sympathetic media spokesman.  Censorship will begin in earnest, even more so than today.  Find other safe outlets for voice, start with secure VPN on the internet, use search engines that do not track.  Find the dark web, much useful information to be found there.  Don’t go to the hedonistic or hack sites, as more than likely these sites will either attempt to defraud or gain leverage over you.

The Swamp is obsessed with its own security.  How many times was it said that MAGA is a threat to “our democracy”? The game plan is obvious: The Swamp is “democracy” and MAGA is the “threat.”  If the DC Swamp wins, MAGA is going down.  The so-called “Patriot Act” allows the government in charge of DC to monitor every aspect of the American citizen, from geolocation on your phone, your “smart” car, even the little light that indicates one of your tires is low comes from a device inside the rim of the tire that emits a signal.  Drive and maintain a pre-smart car, leave your phone at home when travelling locally.  Leave as little in the open as possible.

Corporate power is protected by the swamp. The industrial and business aristocracy of the fascist swamp often are the ones who put the government leaders into power, creating a mutually beneficial business/government relationship and power elite.  Think WEF and G20.  Do not bend to foreign control of your government.

The swamp is rife with rampant cronyism and corruption.  The swamp regime is governed by groups of friends and associations who appoint each other to government positions and use governmental power and authority to protect their friends from accountability. It is not uncommon in fascist regimes for national resources and even treasures to be appropriated or even outright stolen by government leaders.  I see this as where the swamp finally overplays its hand. A destitute population (armed at that) either goes full revolution or anarchy, either way the writing will be on the wall.

This is where the tide changes, this is what will lead to the new America.

“Freedom is just another word for nothing left to lose”.

So yes, I am prepared if in fact the DC swamp is victorious. I am also prepared if we are able to overcome the swamp in the next election only in a far different direction than what I stated above.

Douglas Macgregor Gives a Detailed Discussion of the Ukraine Situation

Douglas Macgregor goes through the situation in Ukraine.  He outlines how the Russians have prosecuted the war so far and what their troop buildup foreshadows.  He then goes through the fallout that can be expected for the Europeans.as the winter without Russian natural gas cripples German industry and spikes the heating bills for families there.  It’s about 45 minutes long but a very interesting talk.

To paraphrase his discussion, the Americans now realize that they’ve painted the Ukrainians into a corner and the Russian offensive is going to be incredibly damaging to their army but also to the infrastructure of their country.  Without access to electricity and fuel the people living in Kiev are going to be in desperate straits this winter.  That is why General Milley leaked his recommendations to Biden about convincing the Ukrainians to come to terms before the offensive begins.  The only problem is that this will seem very strange to people in Ukraine who have been told that the Ukrainian army is running amok killing tens of thousands of Russians every day.  If suddenly they have to sign a peace treaty that demilitarizes their country and cedes the Donbass and maybe even more it will anger the populace.  Zelensky may have to run for the hills.