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Week in Review: Crypto Crash, Orange Man Back


Election month is almost over, but we can conclude that the Republicans officially reclaimed the House of Representatives, albeit by a thin margin.  A few more races and recounts will be needed to determine if any more Democrat candidates can successfully produce and count enough mail in votes to overtake their opponents.

Former President Donald Trump made a historically early announcement of his candidacy for the 2024 Presidential election on Tuesday.  His only visible competition, Ron DeSantis, has yet to declare his intentions.  Trump’s decision received mixed reviews, but the hyperventilating meltdowns from the media might have been the best entertainment of the week.  Any talk that it might be time for Trump to step aside I believe to be premature and showing a complete lack of gratitude for the man who saved us all from President Hillary. I look forward to seeing how Trump works this long runway of a campaign, but I think he was off to a good start this week with no attacks on DeSantis, just rational criticism of the present weak and incompetent regime. In his speech, Trump also introduced new policy ideas like the death penalty for fentanyl dealers and perhaps made many people realize how much our Country needs this man back.

In direct response to Trump’s candidacy, but otherwise unrelated, Biden Administration AG and weasel-faced hack, Merrick Garland, announced the appointment of a special counsel this week to handle a two-fer of investigations into the mean orange man.  Unsatisfied with the tens of millions of taxpayer dollars that Democrats and their partisan DOJ have wasted over the past 7 years trying to bring down their toughest opponent, they will try yet again, convinced that the most investigated man in the history of the world has something to hide. This special counsel assignment will serve a dual purpose; first, try to find something, anything, that their media can argue disqualifies Trump from a Presidential run and second, keep the Jan 6th documents out of Republican committee hands when they take over in January.  After all, it would be a travesty if Jim Jordan actually got to see how pathetically barren the committee’s findings of wrongdoing were, despite their fascist tactics. This abuse of authority for political gain is just more Leninist brand justice that we’ve come to expect from the self-described defenders of democracy.

Lastly, in what will likely dethrone Enron as the most infamous bankruptcy of all time, the FTX crypto currency exchange went belly up this week and the shocking details are just starting to come to light.  The founder, Sam Bankman-Fried (his last name is hyphenated because his parents are neurotic Stanford professors) is creepy even by modern billionaire standards.  Lack of hygiene aside, there were many clues that should have precluded so many wealthy people from investing money with this weirdo. 

First, many of the FTX companies were organized in the Bahamas and Antigua (red flag #1).  Next, consider that SBF was supposedly a genius billionaire, yet his girlfriend is quite unfortunate looking (red flag #2).  Despite these and other warnings, FTX was able to function as a crypto ponzi scheme, suckering in mega stars like Gisele Bundchen and an unnamed handsome NFL quarterback. The executives were taking personal loans from investor funds, buying homes and giving $40M to Democrat politicians, many of whom are in charge of crafting crypto regulation.  In fact, SBF was the second biggest donor to Dems behind interim anti-Christ George Soros.

This “effective altruism” as he called it, giving to the right people and the wokest of causes, gave him sufficient cover to operate his scheme until it collapsed as they all do, leaving a $1-2B hole where capital used to be. Given how egregiously unprofessional and disorganized he was, you have to wonder if he would have been given such a pass if, say, while attending these luxurious crypto conferences with Bill Clinton, he was seen rocking a MAGA hat. One may have doubts he would have skated by like he did.

The corruption in this story runs very deep and we’ve only just scratched the surface, but one thing is for sure. This kid knew exactly to whom to give money so that he would be left alone.