We are shifting gears this week and talking about funding. How does the money flow? In Episode 2 - Who Rules the World?, we explored the networks and entities that surround our election system. In understanding the change tactics of the globalists, it’s useful to use specific examples, and our e2 discussion with Holly about the US election machine and blockchain voting gave us some insight as to how collaboration becomes collusion. If you missed Episode 2, go back and check it out.
We are going to take a similar approach this week, looking at the globalist networks and influence pertains to global finance and crypto currency. As we will discuss, spoiler, they’re not disassociated from the election networks.
On November 8, 2022, the world watched Kari Lake’s obviously rigged election, there was a much bigger – and barely reported – scam underway.
In the war against global collectivism and enslavement, Bitcoin is one of the most important battlefields. Because the Bitcoin chain was built outside the control of governments, efforts at regulating the decentralized, populist currency have largely failed.
On Midterm Election day, however, the global corporate communist regime advanced and gained substantial ground in their war against people, on the battlefield of decentralized finance. Because of the nationwide attention on the stolen election, few outside the crypto community even noticed.
“Arguably the worst example of market manipulation and defrauding of investors in a single day in American history.”
Jonathan Cagle, CEO Quantum Republic
The FTX Scandal
The demise of FTX and CEO Sam Bankman-Fried has been billed as a cautionary tale of digital asset mismanagement. From the FTX bankruptcy court filing:
“The FTX Group did not keep appropriate books and records, or security controls, with respect to its digital assets. Mr. Bankman-Fried and Mr. Wang controlled access to digital assets of the main businesses in the FTX Group (with the exception of LedgerX, regulated by the CFTC, and certain other regulated and/or licensed subsidiaries). Unacceptable management practices included the use of an unsecured group email account as the root user to access confidential private keys and critically sensitive data for the FTX Group companies around the world, the absence of daily reconciliation of positions on the blockchain, the use of software to conceal the misuse o aspects of FTX.com’s auto liquidation of customer funds, the secret exemption of Alameda from certain liquidation protocol, and the absence of independent governance as between Alameda (owned 90% by Mr. Bankman Silo (in which third parties had invested).”
One of the most shocking disclosures in the wake of the FTX scandal was a single clause in that last sentence: “the secret exemption of Alameda from certain liquidation protocol.” This revelation means that Alameda was leverage trading with zero risk of downside.
No retail investor could score such an exemption and, were it not for the bankruptcy, no one would have known that FTX and Alameda were playing without rules.
The crash of FTX has largely been blamed for the November 8, 2022 crash of the crypto markets, again, billed as immature mismanagement by a couple of weird genius-level kids.
Today on Culture of Change, we’re critically examining this narrative, and we are joined by Jonathan Cagle, CEO of Quantum Republic, an independent research organization focused on offensive open source intelligence and Constitutional integrity.
The Journey to Redistribution
Cagle refers to November 8, 2022 as “arguably the worst example of market manipulation and defrauding of investors in a single day in American history.” According to his analysis, this “liquidation cascade” was a controlled event to algorithmically liquidate retail long positions on BTC. “With each liquidation, the price fell further and further.”
A brief timeline of BTC value during the crash from November 8-9, 2022:
11/8/22: 09:29 – $19,285
11/8/22: 10:44 – $20,556
11/8/22: 13:29 – $17,761
11/9/22: 17:29 – $15,069
By the time BTC bottomed out at $15,069, the largest redistribution of wealth from retail investors to institutional investors was complete. Jonathan summarizes the moment in a February 17, 2023 tweet:
“Retail longs had largely been wiped out. Tens of billions of dollars in savings erased. Vaporized instantly. Unless you were Alameda, of course.”
How Could This Happen?
Don’t we have controls to prevent this kind of activity? Isn’t the purpose and stated mission of the Securities & Exchange Commission (SEC) to protect retail investors against the market manipulations of institutional investors?
Well, let’s look at the players. Of course there is FTX, Alameda, SBF, and Caroline Ellison. But we cannot tell this story without discussing the Citadel investment firm, Jane Street Capital, SEC Chairman Gary Gensler, Marc Elias, and other government entities.
The authoritarian dangers of public private partnerships.
According to Cagle and his team, these entities colluded to destroy crypto currency, corner traditional equity and securities markets, devastate the middle class, control US elections and, ultimately of course, bring about the Great Reset to the New World Order.
All sources and references from our discussion are available in Jonathan’s Twitter threads:
Learn more about Quantum Republic at quantumhq.org
Watch Culture of Change on Badlands Media, Sundays at 6PM ET. Show notes and references are available on my substack following each show. Follow me on all the socials @asheinamerica.