Posts Tagged → financial
Digital currency’s iron slave chains
Oh, the irony of a bank that is now insolvent in part because it illegally gave unsustainable amounts of highly regulated investor money to the domestic terrorist group “Black Lives Matter,” due to the weird political and anti-historic narrative that present day huge cash transfers (so called reparations from people who never owned slaves to people who never were slaves) are required from all other Americans to American blacks alone, above and beyond the past seventy years of gigantic taxpayer funded welfare programs and affirmative action preferences that ignored merit and rewarded skin color and that have benefited American blacks almost exclusively at enormous financial cost to America.
It is illegal to give away bank assets, or structure investing strategies, if it damages the bank’s ability to fully ensure its fiduciary duty to its shareholders and clients. The sole purpose of a bank or investment firm is to maximize its clients’ financial benefits.
This failure of Silicon Valley Bank has already created a ripple effect in the banking industry that is threatening a whole host of banks, including industry giant Credit Suisse. So it is not just one bank, but many that are being destroyed by Black Lives Matter. Turns out one of the primary reasons so many banks are in big trouble is because they contributed some 73 BILLION DOLLARS to Black Lives Matter and related spin-off organizations. None of these donations were legal, because they put the banks’ balance sheets in jeopardy, but as we know already from the related failure of Sam Bankman-Fried’s FTX fund (which now appears to have been created primarily to launder money and funnel it into the Democrat Party and BLM), illegal massive political donations due to the need to virtue signal is a Big Thing.
What is not ironic but scary about these bank and investment fund failures is the crisis opportunity it is creating for advocates of digital currency. And digital currency means just one thing: Slavery. Slavery through government control of how, when, and where you spend your own money.
Digital currency has nothing to do with convenience. No one really cares about that. I mean, how inconvenient is it really to pull a twenty dollar bill out of your wallet or purse and pay for gas, groceries, or lunch out with a business colleague? Paper money and coin is not only plenty convenient, it is the hallmark of a free person making free market decisions. No one else controls how much of your own money you decide to spend.
On the other hand, digital currency will always be directly controlled by the government. No matter what empty promises are made about digital currency’s privacy, there is only one reason for it to exist, and that is to put government bureaucrats in charge of your own finances. And as soon as you have digital currency, the government can turn it on or turn it off, take it away with the push of a button, or block it from being transferred to a person or business because someone in government does not like what you are trying to buy. Like maybe a gun, or a gasoline powered car, or firewood, or clothing made by a particular manufacturer.
Government control of your spending choices is slavery. You will not be able to make your own decisions. This arrangement is being pushed by the same exact people in government (the current administration) who wanted to monitor every withdrawal and expenditure above $600.00 that you and I make, and who wanted to limit your bank account, and who now have the Internal Revenue Service digging deeply and illegally into every financial decision we make, looking for the smallest of discrepancies to then come down like a ton of bricks upon each of us.
Digital currency is government gone wild, driven by bad people who do not like your freedom. These are people who really truly believe that they know best how you should spend your own money, and they are now trying to use government to set up everything so that you are hemmed in on every side and can only do what these bureaucrats tell you you can do.
It is difficult to tell how many Americans are catching on to this situation. So many Americans wrongly believe that America is too big to fail, even while America is failing right under our feet and under our noses, right in front of our faces. The Silicon Valley Bank failure is bad enough, and its reasons for failing are bad enough. But the ripple effect and bigger outcomes from its failure are really, really bad. Incredibly bad. Much worse than just a handful of banks going insolvent. The use of this growing banking and “financial crisis” to implement digital currency so that we go from being a free people to an enslaved people is the worst part of it.
Say No to digital currency. Say Yes to your freedom to decide how and where and when you will spend your own money. Resist and push back against the evil people who are seeking to take over your life by controlling your financial decisions. Or, don’t resist, and then don’t complain when you find yourself suddenly enslaved to totalitarian government in heavy chains of iron.
And if you are thinking ahead about your own freedom and ability to be self-reliant and independent, then you will be growing a substantial garden, keeping some chickens, and thinking of ways you can participate in a barter system that keeps government hands off of you.
SBF arrest timed to block his testimony
How many high crimes can one political party commit before people say “Enough already!”?
As if it wasn’t enough to have Sam Bankman-Fried (“SBF”) create, run, and crash FTX, thereby losing billions of dollars of Americans’ personal savings and retirements funds, now we see the evidence that FTX was actually a Democrat Party fundraising machine from the very beginning. Its entire purpose seems to have been to funnel enormous illegal donations to Democrat Party candidates and their allies.
But SBF was arrested the other day, just one day before he was scheduled to appear before the US Congress to answer questions about FTX. Now that he is arrested and in jail, conveniently charged by the Biden Administration with all kinds of financial crimes (that he did because the same exact people (like SEC chairman Gary Gensler) now charging him enabled him to do it in the first place), SBF cannot and won’t answer any questions. We will never know what he was thinking when he set up FTX with all kinds of help from people now running the Biden Administration.
Kind of interesting how this works, don’t you think?
And I think it’s rotten, too. America is being utterly raped in every way – financially, culturally, economically – right in front of our faces. And nobody does anything about it. The same perpetrators just keep on perpetrating.
Will DNC repay SBF illegal donations?
Sam Bankman-Fried (“SBF”), the badly misnamed would-be crypto Ponzi schemer who now will not be freed by the Bahamian court because he is a flight risk, was arrested two days ago because of his many criminal financial acts. Among the many criminal acts with which he is being charged are the tens of millions of stolen dollars he illegally donated to Democrat Party politicians.
SBF bypassed all kinds of well known and highly placarded legal restrictions on political donations so that he could be the number two largest donor to the Democrat Party. He was only slightly behind international villain George Soros, who reportedly donated about $40 million to Democrat Party candidates and causes in 2021.
SBF made his mega political contributions despite knowing that his Ponzi scheme FTX company was going down the drain. And many of his recipients accepted the tainted donations, despite knowing that the money was dirty and that something was gravely amiss with the baby-faced kid who had never made an honest dime in his young life, but who was now slinging mega cash like chipped beef hash at a greasy spoon diner.
And yes, SBF accepted all of the public accolades, speaking opportunities, awards, and mainstream media interviews even while he knew that FTX was dying and would soon be declaring bankruptcy. Sam Bankman-Fried is not just a criminal liar and evil destroyer of people’s hard-won savings and retirement funds, he is the extremely disappointing heir to a 3,000-year legacy of telling the truth, being straight in your business dealings, and living a clean and blameless life. It amazes a lot of people how so many of SBF’s ethnic kin have also recently fallen down on the job #1 of being a Light Unto The Nations, and instead traded in their inspiring religious heritage for a “mess of bank-note colored pottage.”
The danger SBF and his fellow financial rapists pose to the rest of the otherwise blameless members of the tribe is huge. SBF’s victims will be many for a long time to come, not just financial but also people who had absolutely nothing to do with him in any way. Such is the judgment received; as unfair as it is, so has it always been. What a huge piece of sh*t SBF is, as are those who enabled him in the first place.
What is intriguing is whether or not the Democrat Party will repay its ill-gotten gains blood money from SBF. Will the illegally donated money be given back to SBF’s creditors, so that they might be made whole? That would be the right thing to do.
*apparently Sam Bankman-Fried donated to some RINO Republican candidates, people who make a career-long living working hand-in-glove with the Democrat Party. To the working American taxpayer citizen, there isn’t a hill of beans difference between these RINOs and their chums the Democrats. Practically speaking, SBF’s political donations were 100% made to people who are either directly implementing the Democrat Party’s Marxist agenda, or who are enabling its implementation.
Samuel Bankman-Fried in handcuffs in custody of the Bahamas police. Soon to be extradited to America, this pasty faced, pudgy piece of crap deserves to spend the rest of his grotesque life behind bars for the incredible damage he has done
Obama & Bill Clinton officially embrace imperialism, then poormouth liberty, independence, and freedom
As anyone paying any attention to politics already knew, neither Barack Hussein Obama nor Bill Clinton are committed to liberty, freedom, or independence, and like the good power-hungry statists they are, they openly embrace imperialism and military occupation. When it serves their interests.
Today the mainstream media prominently ran two statements, one by each man.
Each statement began with a dissembling lie about how neither Obama nor Clinton really have anything to say about Scotland’s wish for independence from the mis-named “United Kingdom.”
You know, kind of a disarming warmup for the dagger-in-the-chest that is coming right behind it.
You know, they support the “united Kingdom” that was only united through Britain’s imperialism, deceptive diplomacy, military conquests, occupation, land theft, genocide and ethnic cleansing, and religious totalitarianism.
After the blase disclaimer, each man then goes on to say that Scotland should not become independent from its longtime foe, occupier, and vampire-like neighbor, England aka Britain, home of the Britons (not the Scots).
Both Clinton and Obama provide generic and vague sentimentalist goo as their supporting argument. Both rely on some version of “We know you don’t like it, but it really is best for you, the little people.”
See, Scotland owns a lot of oil and gas fields that will instantly give it financial independence from Britain, which in turn may become the weak sister, not the domineering exporter of bad TV and cute Cockney accents it is now.
I vote for freedom for Scotland. I vote for independence from Britain, like we Americans have. I vote for liberty from Britain’s insane laws that have turned justice upside down.
If anyone from Scotland reads this, please know that we Americans love our independence from the damned British, and we hope you do, too.