It’s official. The Ukrainian government took military aid funds sent by the U.S. and promptly invested them in the cryptocurrency exchange “FTX” which recently announced that it has begun voluntary bankruptcy proceedings in the United States.
“The sudden collapse of crypto exchange ‘FTX’ and its bankruptcy filing today, has revealed that FTX presently suffers from $10-$50 billion in liabilities with almost zero assets, and among those liabilities, are ‘investments’ made by Ukraine.
At this early hour, it appears that tens of billions in American ‘military aid’ to Ukraine, which was supposed to be used to fight the Russians, was cash that Ukraine did not use to fight Russia, but instead invested into FTX.
And, as you might guess from the bankruptcy filing, it now seems that all the money is gone.
Yes, you read that correctly. Instead of using U.S. military aid to fight Russia, Ukraine ‘invested’ part or all of it, into FTX, and right now, it looks like all the money is gone”. -Hal Turner
“Cryptocurrencies” have no real purpose because their perceived value depends solely on the trust people have in them.
As what happened with FTX and the “FTT currency” the company had issued, when the trust vanishes, its value goes plummeting.
Meanwhile, Q asks the boards precisely who the so-called “silent thieves” might happen to be.
Who are the Silent Thieves?
Why are they manipulating you?
How are they stealing your wealth?
Bubble.
Crash.
Steal.
Lie.
Repeat.
What is inflation?
Monetary manipulation.
Taxation without representation.
PUT AN END TO THE ENDLESS.
1913.
Q
The reference to 1913 most likely pertains to one of three possible events.
To begin with, on February 25, 1913, after its certification by Secretary of State Philander C. Knox, the 16th amendment took effect. The amendment authorized the federal government to collect income tax on all sources of income instead of only some.
Next, passed by Congress on May 13, 1912, and ratified on April 8, 1913, the 17th Amendment modified Article I, Section 3, of the Constitution by allowing voters to cast direct votes for U.S. senators. Prior to its passage, senators were chosen by state legislatures.
And lastly, the most probable explanation behind the inclusion of the year 1913 would have to be the Federal Reserve Act passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913. The law created the Federal Reserve System, the central banking system of the United States.
The Federal Reserve was created to inflate the money supply and funnel money to the banks.
Given that since the inception of a fiat currency system in 1971 the U.S. fiat dollar has lost over thirty percent of its value against the world’s currencies while the banking sector has gone from only four percent of the U.S. gross domestic product (GDP) to well over ten percent today, the argument that fiat currency is a hidden tax on those who save money rather than spend or borrow it is most certainly in accordance with the facts of the matter.
For now, it appears as if we may be unfortunate enough to observe what would happen should the Fed try to inflate us out from underneath the massive heap of debt hanging overhead. And, if that were the case, a financial reckoning ought to be seen as something long overdue.