FTX bankruptcy is just the beginning....soon others are either near bankruptcy or soon will be to make way for Fed Coin.
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 Bahamas”.
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.
https://www.zerohedge.com/geopolitical/grand-unified-theory-ftx-disaster
Kings have been brought down. The story is not over yet.
I would be careful with some of the numbers stated in the opening part of this article.
Savings are being impacted by inflation—no doubt about that. But during the lockdowns the savings rate soared. There was nothing else to do. So, of course as the world opens up that rate is going g to drop YOY.
M2 was on a pretty fierce trajectory. It too will decline compared to the rate of growth during the stimulus period. In fact, the infrastructure bill hadn’t really hit the economy yet. M2 is important to watch, but understanding what’s been going on overall is important as well.
The Fed will need to raise rates above the PPI to stop inflation. The rise in rates and the decline in PPI will cross in the 5% range, probably in Q1 23. The Fed’s rate increases are going to suck money out of the system like a wet-vac.
The economy isn’t crashing. The world isn’t ending. The Biden Administration isn’t doing a whole lot to fix things, but the system as a whole is functioning. Unemployment is still very low (historically) and it will remain low due to the demographic changes happening now.
We’ve been through worse. And we will go through worse if we live long enough.
I don’t trust the deep state FED cabal to solve any of we the people’s problems.