The FTX Collapse Is a Deep-State Set Up
All cryptocurrencies would compete with the coming Central Bank Digital Currency (CBDC) and threaten it as the linchpin to a social credit score control system. That had to be stopped.
Mark Moss explains in detail how the FTX cryptocurrency exchange collapse was planned by the “deep state” to capture cryptocurrencies and regulate them to death. All cryptocurrencies pose an existential threat to the planned central bank cryptocurrencies. In the U.S., the Federal Reserve will soon be the issuer of a planned cryptocurrency, known as a Central Bank Digital Currency (CBDC). President Biden issued Executive Order 14067, which requires a report on or before December 13, 2022, regarding the feasibility and timetable for the issuance of a CBDC. The executive order states, in pertinent part:
The Chairman of the Board of Governors of the Federal Reserve System (Chairman of the Federal Reserve) is encouraged to continue to research and report on the extent to which CBDCs could improve the efficiency and reduce the costs of existing and future payments systems, to continue to assess the optimal form of a United States CBDC, and to develop a strategic plan for Federal Reserve and broader United States Government action, as appropriate, that evaluates the necessary steps and requirements for the potential implementation and launch of a United States CBDC.
All cryptocurrencies would compete with the coming Central Bank Digital Currency (CBDC) and threaten it as the linchpin to a social credit score control system. That had to be stopped. One critical strategy in regulating cryptocurrencies is to put them into a category of financial instruments called securities. Doing that would encumber them from ever being used as actual currencies in financial transactions because every transaction would need to comply with SEC securities regulations. Thus, a person would need to liquidate his cryptocurrency securities on an exchange in return for CBDCs and then use the CBDCs to transact business. That puts the Federal Reserve’s CBDC back in the drivers seat, controlling all commerce.
Indeed, you hear today about deep-state shills like Kevin O’Leary, who was a shareholder in and paid spokesman for FTX. He claims to be a savvy investor who had done his due diligence investigating FTX before agreeing to be a spokesman for it. If that is true, his investigation would have uncovered the incompetent management and shady business practices that were apparent to anyone performing even a cursory review of FTX. Something does not smell right. After the collapse of FTX, O’Leary has now begun playing his new role, lobbying hard for the SEC to step in and regulate the entire cryptocurrency market. Indeed, he has stated publicly that he will immediately fly into Washington and begin lobbying the government to regulate cryptocurrencies.
It is strange, indeed that the collapse of FTX happened one day after the election polls closed. And we find out later that FTX CEO Sam Bankman-Fried was a massive contributor or the Democratic party during the 2022 midterm elections. On November 6, 2022, the rival Binance cryptocurrency exchange sold all of its holdings in FTT, which amounted to $580 million worth of the token. This caused a chain of events that led to the collapse of the issuer of FTT, the FTX cryptocurrency exchange. On November 9th Binance withdrew from the deal to acquire FTX, which essentially killed off FTX. That seems to have been the plan all along from the beginning of the FTX creation. Mark Moss explains:
Below is ReallyGraceful’s take on the collapse of FTX.