The FTX Scandal Paves the Way

Let there be no doubt about the end goal. This crisis will become the basis of the dreaded central bank digital currency [Gilder's Daily Prophecy] December 16, 2022 [WEBSITE]( | [UNSUBSCRIBE]( Important News About Our Business I’ve got 3 critical things you need to know today: - We’ve just created you a personal link for access [the most exclusive club]( in our business… - This club could show you how to make 10X, 20X or even 100X your money in the coming years… - We’ve reserved you a seat to this club right now. [Click here if you want to know how to claim it.]( The FTX Scandal Paves the Way [Jeffery Tucker] JEFFREY TUCKER Dear Reader, For months the warnings have been coming in, mostly anecdotally. Sales are down. Consumers are getting scared. They are cutting their spending. They are having a hard time paying their bills. And interest on credit card debt is out of control. Real income is entering its 20th month of decline. Higher-end spenders are starting to panic. Hence retail sales from November came in at a 0.6% decline. That’s actually a massive move down because it hit venues like Amazon, streaming platforms, and other online shopping more than others. But it is also hurting Main Street too. Profit margins were already thin. The first signs of this came six weeks ago when Amazon started cutting workers before the holidays. That’s the first time this has happened, and it suggests that the company had expanded in ways that are completely unsustainable. In that sense, there should have been nothing shocking about this data release. Still, it freaked out the financial markets because the release came the same day that Jerome Powell of the Fed completely rejected (again) the White House’s claims that inflation is cooling and that there’s good news all around. Powell is not having it and for good reason. The Consumer Price Index is still trending toward a 7% per annum increase while federal funds rates are 4.25%, yielding negative rates and discouraging savings, which now stand at an astonishingly low 2.3%. This means that the Fed has a very long way to go. It is likely attempting to hit 7% by the end of 2023. We’ve got an entire year of inflation left to us. And what happens when even the Fed’s extreme actions do not actually fix the problem? That’s when we will deal with the thing to be dreaded the most: the attempt to create a central bank digital currency (or CBDC). [Click here to learn more]( [Please view this warning now]( “Under Joe Biden, I used to think economic collapse was inevitable. But now I expect the consequences will be even worse. If I’m right, it’ll be worse than any recession, depression, or crash in my lifetime.” ~ Jim Rickards, Ex-Advisor to the Pentagon and CIA FTX and the Plot The more I look at this FTX bit, the more obvious it is that it was a money laundering scheme from the beginning. The purpose was to find a dark-money funding spigot for Democrats and pandemic baloney to drive Trump and the Trumpers out of power. That was the whole goal. Alameda Research was started in 2019, most likely for that purpose. FTX opened a year later and they came up with a great little shell game for getting Democrats money. Venture capitalists would push billions to the disheveled kid in the Bahamas, who would pretend to invest it in his bogus crypto exchange. The money would then move to Alameda. Under the pretext of “effective altruism,” the money would then be shoveled out to various charities to drum up pandemic hysteria and others to feed money back to Democrats running through offices. That’s why both 501(c)(3)s and 501(c)(4)s got the money, hundreds of millions or possibly vastly more money. We are still waiting for firm figures. The media said: oh oh look how generous SBF is! Oh, sure; it’s called a protection racket funded by fraud. The next step was simply to create a pandemic with bad testing, death misclassification, and wild media exaggerations. To make sure that all went well on the media side, FTX gave many millions to ProPublica, Vox, Semafor, and others. They then echoed the line that the whole population is threatened by a horrible bioweapon and we needed to lock everything down until Trump is out of office. Does this sound outlandish to you? I ask because it sounds outlandish to me. However, I cannot otherwise make sense of all the facts I have in front of me. Was it designed to collapse? Of that, I’m not sure, but it’s hard to believe that anyone believed that this Ponzi scheme in 4D chess could last. Clearly it could not. The next step in the coverup is of course to throw Sam Bankman-Fried under the bus. He was kept in the dark most of the time about the crimes being committed precisely so that he would not be able to incriminate anyone else. And of course, before he did so, the Justice Department prosecuted him to give him Fifth Amendment protection. He goes to jail and then everyone is supposed to forget about it. Meanwhile, his girlfriend is now working for the Feds. And there are other players who are on the lam and will likely be left alone, including: Nishad Singh, Sam’s former MIT roommate, is said to have built the FTX platform. He seems to have left the Bahamas for India. Also Zixiao “Gary” Wang, who is cofounder with Sam of FTX and Alameda. He graduated from MIT and worked for Google. Beyond that hardly anything is known about him. He seems to have left the Bahamas and is reported to be in Hong Kong. There are plenty of whispers out there that Wang is actually CCP. Wouldn’t that just complete this crazy insane circle of corruption and conspiracy? Will we ever find out? Doubtful. The Social Credit System The collapse of FTX of course had no impact on Bitcoin or the other strong and decentralized tokens out there. But it is profoundly affecting the stablecoins on the market. For more than a year I’ve been writing that the whole goal of the government is to crush the stablecoins as competitors to the Fed’s money-transfer business operations. As I write now, the rumors about Binance’s supposed troubles are growing. Some powerful players out there are trying to foment a run on the crypto bank. The next step of course will be to save them through nationalization and hence take them over to become the basis of the central bank digital currency. This won’t happen overnight; it will possibly take years. But let there be no doubt about the goal. The Biden administration has already endorsed it. If all of this is true, we are truly dealing with a level of madness that is without precedent. And this is why I’m so worried about Elon Musk. He has taken over a very powerful communication tool and is allowing a resistance to grow. The attacks on him are growing. If the plot is as big as it seems, he could find himself in some grave trouble in the coming months. Consumers are finally getting the right idea. Now is the time to hunker down, find people you can trust, keep your money safe, and hope we all weather this storm. This coming year is going to be an absolute beast. Regards, [Jeffrey Tucker] Jeffrey Tucker [CHART] Could Inflation Hit 20%+ In 2023? [Click here to learn more]( Take a close look at this scary chart pictured here… What you see is the money supply in America… And as you can see, the number of dollars in circulation has exploded in the last few years. In fact, more than 80% of all dollars to ever exist have been printed since just 2020 alone! Which is why some say inflation could soon explode even higher than it is now, to 20% or more. And if you’re at or near retirement age you must take action now to protect yourself… otherwise you risk losing everything. [Simply click here now to see how to survive America’s deadly inflation crisis](. [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2022 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Gilder's Daily Prophecy e-mail subscription and associated external offers sent from Gilder's Daily Prophecy, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@gildersdailyprophecy.com. This address is for feedback only. 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