A Grand Unified Theory Of The FTX Disaster
This is the work of many hundreds of people, distilled and organized in a way that hopefully brings the Bigger Picture to light - at least insofar as we all can research and interpret it better
This is the work of many hundreds of people, distilled and organized in a way that hopefully brings the Bigger Picture to light - at least insofar as we all can research and interpret it better. Apologies to those participating whose work is not included in the scores of links provided.
So far as I can tell, everyone has this story wrong. Many people put together some frame of the puzzle just fine, but this can be a dangerous distraction, so I'd like to take a shot at sorting it out. After all, it's only human extinction on the line.
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I may edit parts in or out, or write additional articles to clarify related events.
TL;DR - You may want to break this up into two or three reading sessions. This is by far the longest article I've written. It has to be. And it won't be the tightest or best-edited. But it's the most important one to date, so I don't want to hold back. My apologies.
The FTX-Alameda (FTX-A) tale is a prime example of my true motivation for writing at Rounding the Earth, and the reason why I have to fragment the focus: these different threads of war are absolutely necessary for understanding the Bigger Picture. The goal was always to lay out lessons embedded in the articles that might help more people open their eyes to the specifics of what is taking place, and therefore to be able to do something about it. This is the moment when it should become clear why I've been doing what I've been doing.
The stakes are pretty high - this is a historical battle in the larger World War E. There is no simple preview, but here are some of the topics we hit:
A giant cryptocurrency exchange, FTX, and its companion quant trading/investment firm, Alameda Research, have collapsed in what appears to be a leveraged Ponzi-esque event that poisoned many other businesses in the nascent crypto-finance ecosystem. This isn't exactly the right story, and I am to clarify.
FTX was likely one of several available attempts by the Globalist Elite to establish the intended new global financial network and currency.
A second attempt to control digital currencies is likely planned to take place through the regulatory system, using the FTX debacle as the excuse.
The flood of information about the first point seems meant to obscure the second, third, and other points.
The pandemic is the fog of war intended to create the opportunity and obscure the activities behind this plan.
This plan connects a lot of stories, including the activities of Bill Gates and Jeffrey Epstein. It weaves through MIT Media Labs along the way, but goes to the heart of the powers who ultimately control the military-intelligence-banking complex—and that include the pedophile elite. Whitney Webb has done us great favors tunneling toward much of this, but hasn't yet reached the core (an overly tall task for any one person).
The endgame is conceived as an intellectually (genetically) superior human race, but that may be merely a conceptual construct of an insane network of situationally brilliant, if overconfident psychopathic elites. The mass gathering of genetic data and gene-drive technology likely play a role.
(No matter what happens, I didn't kill myself.)
Much of the next few pages may repeat much of what you've read, but I try to sprinkle the build-up with some important thoughts that may help readers avoid being channeled down the nerfed narrative. After that, things get uglier than you're probably imagining. I'll try to make you laugh once or twice in the meantime. Buckle up.
The Players
Much has already been said and written about the unusually young crowd running both FTX and Alameda—some that is correct, some that is incorrect, and much that is likely to be misunderstood. So, I'd like to proceed carefully, and ground this story with context.
Know that among the crowd we're going to talk about, and their tight peer group, are numerous students in educational programs that I crafted and helped run for many of the world's most "precocious youth". Sam Bankman-Fried (SBF) still has a profile there, though others around him were more active members of the community.
The FTX-A story isn't really the SBF story. The pool of players is far larger, and in some cases also murkier. There are hints everywhere about the web of relationships, and it will have to be another article (mine or somebody else's) that fleshes out even a basic skeleton of the grand summary. Perhaps the New York Times can help with that process.
"Remember to play it cool. Remember to play it cool. Remem…did I say that out loud?"
The full cast of characters would be impossible to know and reveal, which is the very reason why a strong centralized government should always have been viewed as an operation anathema to liberty and organic human development. Part of the magic trick of reaching this point in our timeline has been to raise most of the children as lobotomized cattle, branded with virtue-signaling ideologies like "Progressivism" that leap past all logic to a desired utopian result, and resist critique or cognitive correction with a jello-like kung fu. "What is it that you dislike about progress?!"
The cast of characters you might not notice in this film includes a mega-billionaire with enough influence to keep his life entirely off Wikipedia, a curious gathering of researchers at MIT, and also some familiar faces from the pandemic you might not have realized would pop up in the largest ever cryptocurrency catastrophe (though you might should guess). Also Jeffrey Epstein.
Now, let's ground this story with a discussion of SBF. It is worth noting that SBF profiles all seem to include his Stanford Law Professor parents, Barbara Fried and Joseph Bankman. And perhaps that is appropriate in an age in which successful 30-year-olds often appear as grown-up children—like rejuvenated extensions of parental will, arrested in development, potentially capable of carrying out their parents' whimsical dreams of glory.
Among other things, Joseph and Barbara are known as compliance lawyers who work on tax theory and policy. It is interesting that such work gets signaled as government-friendly given that their son became the largest player in the new currency market largely decoupled from government finance.
If any of this sounds like a scathing rebuke of parenthood among the cognitive elite American Mandarin class, imagine that I toned it down several notches for public consumption. Yes, among my many clients families were plenty of these. And 90% of the headaches came from just 2% of the parents.
What I've gathered talking to people who have been around SBF, superficially or closely (none of whom want to reveal their names) is that he's a spoiled, sadistic, hedonistic, ruthlessly dishonest bully of a manchild. But if you want indisputable facts, he was a high school math camper who graduated from MIT with an undergraduate degree in physics in 2014. After that, he went to work at one of the well-known quant funds, Jane Street Capital, where he had interned the previous Summer. After three years of what I hear was moderately successful trading, SBF left Jane Street and moved back to California.
Back in the Bay Area, SBF attached himself to the Centre for Effective Altruism (EA). If you're not familiar with EA, you can read through the material on the website before realizing that it's just one more Geek Cult that young intellectuals of arrested development and yearn for a return to deep dorm room conversation by providing them with a largely pre-baked socially acceptable set of virtue signals that conveniently span a full narcissistic mask. And, like most cults, it seeks out that for which its target audience aspires while simultaneously demeaning the journey: "Hey, feckless white boy, this is the path to socializing with pretty women."
Campamento Tortuguero Playa Hermosa is a turtle sanctuary on Bonfil Beach outside of Acapulco that rescues sea turtle eggs that would be likely destroyed by vehicles on the beaches or pilfered by tourists. The sanctuary protects the eggs, hatches them and releases the babies into the ocean while protecting them from seagulls and other winged predators.
The 35-year-old sanctuary is run by the mother/daughter duo of Monica and Michel Vallarino, who have helped educate the community and the tourists on the ecology of the turtles while simultaneously providing a refuge for puppies, kittens, ducks, rabbits, and other wayward animals.
The Art of Liberty Foundation hosted an annual fundraiser from 2018-2020 called the Art of Liberty on the Beach (aKa The Turtle Party), where many of the leading artists in the liberty movement have rocked the sanctuary including Grant "Prezence" Ellman, Truniversal/Free Willow, Alais Clay, the Freenauts, DJ Koala, DJ Ramiro Romani and ELA-mental among others.
The sanctuary was devasted by Hurricane Otis, a category five hurricane that hit Acapulco and Bonfil Beach on November 2nd 2023.
25% of Funds Raised Will Benefit Other Residents of Bonfil Beach
The Art of Liberty Foundation is organizing a fundraiser where 100% of the proceeds will go to direct relief. The Vallarinos have agreed to share 25% of the proceeds with other Bonfil Beach residents in need to be distributed at their discretion.