I am beyond enraged as I write this, by the time you’re through reading it you’ll be exactly where I am right now.
Secretary of Defense Lloyd Austin is a thug who thinks he can extort the United States and her people for a corrupt, Slavic neighborhood of Russia. I won’t dignify Ukraine by calling it a country here.
It’s no secret that Zelensky is losing his war against Russia and Vladimir Putin badly; I suppose that’s what he gets for doing the bidding of D.C. and the military-industrial complex.
Instead of the warmongers and ‘nation builders’ in D.C. simply admitting that engaging Russia in a proxy war was a horrible idea, they are doubling down.
Never mind that 500,000 innocent people have died, never mind that even with sophisticated U.S. weaponry Ukraine never stood a chance, never mind that NATO is defunct, never mind that the U.S. empire is collapsing.
What matters to the folks in D.C. is that Russia loses this proxy war at all costs—something that is extremely unlikely to happen.
According to Tucker Carlson, Lloyd Austin said this in a closed-door, classified meeting at the White House: “We’ll send your uncles, cousins, and sons to fight Russia.”
The Secretary of Defense, if he can be called that at all, is brazenly threatening Americans that if we don’t fork over money for the defense of one of the most corrupt nations on the planet, he is going to kill our fellow Americans.
I have to stress that this is based on Tucker Carlson’s reporting, no other sources are reporting this, but how could there be? This was purportedly said in a classified briefing.
We simply have to take his word that Lloyd Austin truly said these things, but I have absolutely zero reason to doubt Carlson.
That being said, please drop some choice words for Lloyd Austin in the comments section below after you’re done reading.
The Biden administration is openly threatening Americans over Ukraine. In a classified briefing in the House yesterday, defense secretary Lloyd Austin informed members that if they don’t appropriate more money for Zelensky, “we’ll send your uncles, cousins and sons to fight… pic.twitter.com/BPKMEBW8TK
— Tucker Carlson (@TuckerCarlson) December 7, 2023
He really did. Confirmed.
— Tucker Carlson (@TuckerCarlson) December 7, 2023
The Department of Defense outlined this meeting between Austin and Ukrainian defense officials:
Secretary of Defense Lloyd J. Austin III today hosted bilateral discussions at the Pentagon with Ukrainian Defense Minister Rustem Umerov.
The meeting comes on the heels of the Ukraine Defense Industrial Base Conference today in Washington, D.C., and also aligns with today’s announcement of another security assistance package for Ukraine.
The two leaders most recently met in November in Kyiv, where they discussed military operations as well as Umerov’s near- and mid-term goals and objectives for the Ukrainian Ministry of Defense. Before closed-door discussions began, Austin publicly reiterated U.S. support for Ukraine.
“As I said in Kyiv, the United States stands with Ukraine as you fight back against the Kremlin’s aggression and cruelty,” Austin said.
“Ukraine has taken back more than half the territory grabbed by Russia since its unprovoked invasion began in February 2022. So we will stand with Ukraine for the long haul. I’m confident that our allies and partners will be there as well.”
Today’s bilateral discussion built on conversations that occurred last month in Kyiv, and included Ukraine’s strategic goals for the coming year and a long-term vision for a future force.
“To support Ukraine’s immediate needs, I am announcing our 52nd drawdown of equipment and services from U.S. stocks,” Austin said.
“The package includes additional munitions for your defense — artillery and tank weapons, and small arms munitions.”
This most recent security assistance package, worth $175 million, includes, among other things, AIM-9M and AIM-7 missiles for air defense, ammunition for the High Mobility Artillery Rocket Systems, 155 mm and 105 mm artillery rounds and High-speed Anti-radiation missiles, also known as HARMs.
The United States has committed more than $44.2 billion in security assistance to Ukraine since the beginning of Russia’s invasion of Ukraine in February 2022.
Austin also discussed the significance of the Ukraine Defense Industrial Base Conference. The two-day conference, co-hosted by the White House, Commerce and Defense Departments, brings together U.S. and Ukrainian industry and government representatives to discuss ideas that could bolster Ukraine’s defense industrial base.
“We discussed ways to strengthen partnerships among Ukraine and the U.S. defense industry,” Austin said. “This just underscores America’s commitment to a free and sovereign Ukraine — one that can defend itself today and deter further Russian aggression in the future.”
Umerov thanked Austin for hosting the bilateral discussions and for organizing the industrial base conference.
“We consider this conference … a significant breakthrough in the development of our military/technical cooperation,” Umerov said. “It’s one of our key elements of increasing self-sufficiency in Ukraine.”
Collin Rugg reminded the American people of John Kirby’s recent comments: “Tucker Carlson confirms that defense secretary Lloyd Austin threatened to send “your uncles, cousins and sons” to fight Russia unless more money is sent to Zelensky.
The revelation comes just days after White House official John Kirby said that “American blood” will be the “cost” of supporting Ukraine if we stop sending them money. Your government has an addiction. That addiction is war.”
BREAKING: Tucker Carlson confirms that defense secretary Lloyd Austin threatened to send "your uncles, cousins and sons" to fight Russia unless more money is sent to Zelensky.
The revelation comes just days after White House official John Kirby said that "American blood" will… pic.twitter.com/r8KPbAWeuH
— Collin Rugg (@CollinRugg) December 7, 2023
Tucker Carlson recently sat down with Congressman Thomas Massie, one of the only honorable people in Congress, to discuss the topic of Ukraine and the DC war machine.
Ep. 45 How could Washington possibly send tens of billions more to sleazy oligarchs in Ukraine now that the whole enterprise has been revealed as a fruitless, corrupt and incredibly destructive disaster? Because that’s what they always do. pic.twitter.com/Cn6SMHcqcr
— Tucker Carlson (@TuckerCarlson) December 5, 2023
CNN featured this groveling statement from Austin to Zelensky:
“The message that I bring you today, Mr. President, is the United States of America is with you.
We will remain with you for the long-haul. What happened here in Ukraine – that not only matters to Ukraine but it matters to the rest of the world. It certainly matters to the United States of America.”
Editor’s Note: This is EERILY similar to what Zelensky said a few months ago:
BIG MISTAKE: Zelensky Says U.S. Must Now Send “Sons and Daughters” to Fight and DIE for Ukraine!
EDITOR’S NOTE: we are working to validate the translation of this clip, but multiple outlets are reporting it is accurate. If you are able to translate and confirm, please leave a comment. It is possible this is fake translation, and we are working to confirm. In the meantime, this is perhaps the worst video clip we have heard from Zelensky. -Noah
I don’t know about the rest of you, but I’ve about heard enough from Ukraine’s actor/Prime Minister Volodymyr Zelensky.
The man has continued to demand money form the United States is spite of the billions upon billions of dollars that he’s already received.
He’s also been basically urging for World War 3 and US involvement for months.
Zelensky may have just pissed off the entire United States with his most recent comments…
He just made a bold demand revealing just what exactly he wants from the US.
Volodmyr Zelensky wants your sons and daughters to fight this war for him, and he fully expects them to die.
Check this out:
Zelensky has no idea what he just did. HUGE mistake.
Taking our tax dollars is one thing. We are already not used to getting any of it anyways.
But now he is talking about taking the lives of the American children for his war?
If there is one bear you don’t poke, it’s the… pic.twitter.com/7rWALwouf8
— DailyNoah.com (@DailyNoahNews) March 1, 2023
This man has the nerve to say this in front of the world.
He wants the United States to sacrifice their children for a war that he can’t fight for himself.
Americans are not happy with these comments:
Zelensky says it is "dangerous" for Americans to question the amount of aid being given to Ukraine because "if Ukraine loses, Russia is going to enter Baltic states, NATO member states and the U.S. will have to send their sons and daughters to war and they will be dying." pic.twitter.com/wB9VnIgrSh
— Greg Price (@greg_price11) February 24, 2023
The way Zelensky sits on stage demanding that American's die for a war that the Ukrainians can not fight themselves.
They want your money, they want your family, and ultimately, the Global Elite don't care if it costs your life to fulfil their ends. https://t.co/mOgX2QIswV
— American Virtue (@AmVirtueOrg) February 28, 2023
https://twitter.com/William_E_Wolfe/status/1630676755827552257?s=20
https://twitter.com/ihateHYPOCRITEZ/status/1630710707074527232?s=20
Americans give their answer to Zelensky's demand that eventually American sons and daughters will also have to fight and die in Ukraine…. pic.twitter.com/rUSLRZwK3Y
— Richard (@ricwe123) February 28, 2023
Zelensky can kiss my ass. There is no way I would ever support sending our children to fight and die in Ukraine. He can go to hell.
— PAMELA HENSLEY🇺🇸 (@PamelaHensley22) February 28, 2023
Nobody should be surprised here.
Word is, Zelensky can’t even convince his own citizens to fight for him, so of course he’s demanding that the United States step in.
Zelensky, even with martial law declared, is having so much difficulty finding Ukrainian men willing to fight and die in the war that they are using extreme and often violent means to conscript unwilling soldiers. Corruption is one of the few ways out:https://t.co/DCgHTDw8J4
— Glenn Greenwald (@ggreenwald) February 28, 2023
Here’s more on the Ukraine military’s recruitment tactics from the Economist:
Ruslan kubay was surprised to receive a draft notice in late January. Registered as seriously disabled since childhood—Mr Kubay is missing both hands—he falls under a list of automatic exemptions from service. Even more surprising, however, was the reaction of officials at the local registration office in Drohobych, near Lviv. Far from admitting their error, they doubled down and declared him fit for service. Only a social-media post and subsequent national scandal reversed the decision. “I was disgusted by how easily our blind people can start seeing,” he wrote on Facebook.
Mr Kubay’s case was an extreme, but far from isolated, incident. Ukraine has visibly stepped up mobilisation activities in the first two months of this year. For unclear reasons, officials in western Ukraine have been the most aggressive, but the trend is clear across the country. There have been reports of draft notices issued (and sometimes violently enforced) at military funerals in Lviv, checkpoints in Kharkiv, shopping centres in Kyiv and on street corners in Odessa. Popular ski resorts lie deserted despite the first proper snows of the winter—footage of military officials snooping around at the slopes was enough to keep the crowds away. In every town and city across the country social-media channels share information about where recruitment officers might be lurking.
RELATED:
UKRAINE BOMBSHELL: “Give Us Loans, We Will Pay You Back!”
Well, this is “rich”….
And as you know, I don’t like to use the word “Bombshell” very often, but this is one case where it’s merited.
I’ll explain why down below the video I’m about to show you….
Zelensky is now begging the U.S. for loans.
Quote: “If you can’t give us financial support, give us credit and we will give you back money!”
Watch here:
BREAKING: Zelensky goes on NBC, now pitches public loans from the United States.
'Give us credit, and we will pay you back after the war'pic.twitter.com/MKcOnGfqGx
— Jack Poso 🇺🇸 (@JackPosobiec) November 7, 2023
And for those who are saying it’s fake (you never know these days), it’s not.
It coms directly from a full video posted by NBC News:
100% real. 29-min markhttps://t.co/k09uCyC8Nt
— Jack Poso 🇺🇸 (@JackPosobiec) November 7, 2023
Credit to anyone who actually sat through listening to this coke head stumble his way through this interview.
I watched less than a minute and could barely take it.
But the relevant part comes just after the 29:00 minute mark of this video posted by NBC News:
But here’s the part I find the most interesting….the Bombshell that almost no one is talking about.
Are you REALLY telling me that all the money we sent over, all the billions upon billions of dollars, was just a GIFT?
You can’t be serious, it was just given away?
It wasn’t a loan?
Even an interest free loan?
We didn’t get any promises to get the money back after the war?
ARE YOU FREAKING KIDDING ME?
I do believe that every time the USA fought a war, if it received money from other countries it was in the form of DEBT!
ChatGPT confirms:
Revolutionary War (1775–1783)
- French Assistance: The U.S. incurred its first significant foreign debt during the Revolutionary War when it borrowed money from France, Spain, and the Dutch Republic to finance the war effort against Britain. France provided not only military assistance but also crucial financial support. The debt to France and other countries accumulated as the new nation sought to gain independence.
19th Century
- War of 1812: The U.S. took on more debt during the War of 1812 as it faced Great Britain once again. However, this debt was largely managed through domestic means rather than relying heavily on foreign creditors.
World War I (1914–1918)
- Liberty Bonds: During World War I, the United States began borrowing extensively to finance the war effort. Although the U.S. initially remained neutral, it provided loans to the Allies before entering the war in 1917. After entering the war, the U.S. issued Liberty Bonds to cover the costs.
Interwar Period
- Repayment and Lending: In the interwar period, the U.S. was a creditor nation, with many European countries owing substantial debts from WWI. The roles reversed somewhat after the Great Depression, with the U.S. borrowing to stabilize its economy and later to ramp up for the possibility of another global conflict.
World War II (1939–1945)
- War Bonds and The New Deal: The cost of World War II was immense, and the U.S. financed it by issuing war bonds and increasing taxes. The New Deal programs had already increased the national debt, but the war efforts required even more borrowing.
Post-World War II and Cold War Era
- Marshall Plan and Global Leadership: After WWII, the U.S. emerged as a global superpower and began to spend heavily on programs like the Marshall Plan to rebuild Europe. Although this was more about giving aid than borrowing, it set the stage for a global economic system where the U.S. dollar became the world’s reserve currency, leading to complex financial interdependencies with other nations.
Late 20th Century to Present
- Ongoing Borrowing: The United States has continued to borrow for various reasons, including military engagements, economic stimulus packages, and to finance budget deficits. It has issued government securities, such as Treasury bonds, bills, and notes, that are purchased by both domestic and foreign investors. This is where the current foreign-held debt originates.
So let me see if I have this right….
When WE save the world, we have to pay all the money back.
When Ukraine begs for money, we gave it away as a GIFT?
This is beyond criminal negligence of our elected leaders!
THIS IS TREASON!
It makes no sense, unless……unless it was all part of a very carefully crafted Money Laundering Scheme?
Hmmmmm.
I’ve seen Ozark….you can’t really repay the debt if you’re trying to launder the money.
Is that what all this has been about since Day 1?
Of course, we’ve reported on that extensively and once again our reporting appears to have been DEAD ON accurate:
FTX Money Laundering Scheme To Ukraine CONFIRMED?
Buckle up folks!
I have a MAJOR update on a story we first brought you back in the Fall of 2022.
“Fall” is appropriate because that’s when crypto firm FTX had its massive fall from grace.
And now just this week it looks like we may have confirmation that our reporting back in 2022 was 100% accurate.
Imagine that.
Let me back up for just a minute in case we have people who are new to this story or who need a refresher.
I’ll publish our full reporting from 2022 down below but here’s the quick recap…
This image explains it perfectly:
— Kim Dotcom (@KimDotcom) November 13, 2022
You pay taxes…
Taxes out the ears!
Then the US Government takes your tax dollars and sends billions upon billions over to Ukraine…
Ukraine then invested a big chunk of that money in FTX (that’s called money laundering)…
FTX donates huge amounts back to the Democrat party…
The Democrats then use that money to buy, influence and steal elections.
What a great system!
And if you think that’s just crazy Noah coming up with a crazy conspiracy theory, it’s not.
Here is Elon Musk exposing it too:
— Elon Musk (@elonmusk) November 13, 2022
NOW does it make sense why billions of your tax dollars are going to Ukraine every month?
You didn’t honestly think we were just giving it all away, did you?
Of course not!
It’s a complex money laundering operation!
Ok, now here’s the update.
Prepare to have your mind blown.
This is truly “hidden in plain sight”.
So we start here with the understanding that after FTX collapsed it owed customers about $8.7 BILLION:
JUST IN: New report shows FTX owed its customers $8.7 BILLION after commingling and misusing their deposits.
Take your #Bitcoin off exchanges!!
— Bitcoin Magazine (@BitcoinMagazine) June 26, 2023
Ok, you with me so far?
FTX is in the hole $8.7 BILLY.
But remember, FTX was a key player in the money laundering operation, so they have to be made whole.
Then this happens:
Pentagon has said that an accounting error has provided an extra $6.2 billion dollars for Ukraine. pic.twitter.com/wpVBTWsEOR
— unusual_whales (@unusual_whales) June 24, 2023
Remember that from last week?
The Pentagon “accidentally” sent Ukraine $6.2 billion dollars!
So, uh, when you accidentally send $6.2 billy, do you call and get a refund or something?
Of course that’s an EXTRA $6.2 billion on top of the billions we are sending weekly:
Last week the Pentagon said that they accidentally sent Ukraine an extra 6.2 Billion dollars. Today the White House said they are sending more money this week! 🤡 pic.twitter.com/tTviaDdPCl
— Jeff (@ISO_XRP) June 26, 2023
How did Ukraine get an extra $6.2 billion from the Pentagon? pic.twitter.com/bNrCIyWsZK
— ACT For America (@ACTforAmerica) June 22, 2023
Really gotta hate those “accounting errors” don’t you?
The Biden admin "accidentally" sent $6.2 billion extra to Ukraine.
Gotta hate those "account errors." pic.twitter.com/21gnmiOlOu
— Tim Young (@TimRunsHisMouth) June 22, 2023
Is anyone REALLY that bad at their job that they “accidentally” send $6.2 billion where they aren’t supposed to?
Not even people in Government are that inept.
Folks, it’s CORRUPTION, not “mistakes”.
Ok, now stay with me because here’s the final piece…
To recap:
FTX needs $8.7 Billion…
$6.2 Billion “accidentally” gets sent to the wrong place…
Now here it is:
FTX suddenly “recovers” $7 billion!
Wow, it’s a miracle!
JUST IN: Bankrupt FTX says they have recovered $7 billion in liquid assets.
— Watcher.Guru (@WatcherGuru) June 26, 2023
For once, some good news to come from the FTX bankruptcy team. pic.twitter.com/Mc12FjbHMZ
— Coin Bureau (@coinbureau) June 27, 2023
Just how DUMB do they think we are?
You kidding me with this?
We see right through it, and so do others:
It was a deep-state money laundering operation. https://t.co/Vbh9ra46fM
— Jeffrey A Tucker (@jeffreyatucker) June 26, 2023
IT’S MONEY LAUNDERING FOLKS!
Can’t get much more clear than this!
Are you awake?
Are you paying attention?
They are laughing at you and stealing BILLIONS of your dollars as they do it!
Oh, and a TON of politicians are caught in the middle too.
You didn’t think this story went away did you?
I believe when all of this is exposed it will be a major factor in clearing out Washington.
Take a look:
MAJOR Republican RINOs Caught In FTX Donation Scandal…
We’re going to name names…
If you’ve been following this Sam Bankman-Fried / FTX scandal, you know this is big.
In fact, it’s looking like Biden, Ukraine, Crypto and Pedos….are all possibly connected.
More on that at the end of this article — jump down there first if you don’t know anything about this story and need to get caught up to speed first.
We already knew Biden and many top Dems were ensnarled in this thing, and the crooked MSM is doing everything they can to give them cover.
But here’s what’s also been ignored: it’s not just the Democrats.
I’ve been telling you for 7 years now, it’s NEVER been about Republican vs. Democrat.
That’s a fake dichotomy designed to keep you distracted.
R’s and D’s are mostly on the same team.
In fact, I estimate there are maybe 10-20 honest people left in the entire D.C. system.
One is Trump.
Another is Kari Lake.
And there are probably no more than 20 others — if that many.
Everyone else, whether they’ve got an (R) or a (D) in front of their name is all crooked and sold out.
So sad to see what they’ve done to our country.
Let’s get into the details…
According to Bloomberg, McConnell took $1 million:
From Bloomberg, here’s more:
FTX US, a part of Sam Bankman-Fried’s crypto empire that catered to American customers, contributed to a super-PAC fighting for control of the Senate in the midterm election just days before the company’s collapse.
The Senate Leadership Fund, which is aligned with Senate Republican Leader Mitch McConnell and was the top spender in the 2022 midterms, received the $1 million donation on Oct. 27, according to its most recent filing with the Federal Election Commission. Only a couple of weeks later, more than a 100 FTX-related companies, including the US arm, filed for bankruptcy, and Bankman-Fried resigned as head of the corporate group.
The contributor listed on the FEC donation report is West Realm Shires Services Inc. and FTX US is its commercial name.
The Senate Leadership Fund did not immediately respond to a request for comment. The super-PAC spent $239 million in the midterms on behalf of Republican candidates, according to OpenSecrets, which tracks money in politics.
While several members of Congress, including Illinois Senator Richard Durbin, a Democrat, and Republican Representative Kevin Hern of Oklahoma have said they would return donations from FTX executives or give the money to charities, there isn’t a requirement in election law for committees to return donations to companies that go bankrupt.
FTX US also gave $750,000 to the Congressional Leadership Fund and $150,000 to the American Patriots PAC, both of which supported House Republican candidates. It gave $100,000 to the Alabama Conservatives Fund, which backed Republican Katie Britt’s successful run for the state’s open Senate seat.
Individual executives at the broader FTX company have given far more money. Bankman-Fried emerged as major donor to Democratic candidates leading up to the Nov. 8 midterm elections, donating most of the $39.4 million that he gave to them, FEC records show. One of his top lieutenants, Ryan Salame, gave $23.6 million — mostly to Republicans.
We always knew Mitch was a snake, didn’t we?
A rich snake.
According to a popular report circulating Twitter, here is the FULL LIST:
List of GOP committees and candidates who took money from FTX Executives. McConnell and McCarthy both took over $2mil. #DrainTheSwamp pic.twitter.com/SAYOVaJ4Me
— Bruce Porter Jr. (@NetworksManager) November 26, 2022
We have not been able to independently verify every name on this list, and to be fair we also note that candidates are rarely aware of every person or entity that makes a donation to their campaign — but that said, you might want to write down these names and remember them.
Kari Lake says the corruption is SO DEEP and SO WICKED it will blow your mind:
The depth of the corruption will blow your mind. It is time to expose it and bring it down. https://t.co/KLngjf5fK0
— Kari Lake (@KariLake) November 26, 2022
Here is just a portion of the article Kari Lake posted…from Revolver read the full story here:
Just days ago, Bloomberg estimated 30-year-old Sam Bankman-Fried’s (SBF) personal wealth at an astonishing $16 billion. Now, the disgraced FTX founder is essentially bankrupt, and if there is a shred of justice in the world, soon headed for prison.
The collapse of FTX and its founder is one of the most spectacular implosions in history. There is no shortage of narratives to mine for interesting article fodder. Celebrities like Tom Brady and his now ex-wife Gisele lost millions to the scam. There’s the Silicon Valley “smart money” that was hopelessly entranced by a wunderkind founder. SBF also used his ill-begotten lucre to become one of the largest donors in left-wing politics of the past four years. There’s also the FTX pet philosophy of “effective altruism,” the cult-like fad ideology of contemporary Silicon Valley that SBF exploited to conduct his fraud and justify taking enormous risks. And who can forget the 28-year-old girlboss CEO of Alameda Research Caroline Ellison, who bragged that her vast financial empire only requires “elementary school math” to turn profits, and whose public list of turn-ons includes “controlling major world governments.”
Last but not least, there’s the group sex (don’t worry, everyone involved in this “polycule” situation is hideous).
All of these storylines are being regurgitated ad nauseum by countless other media outlets. The story that Revolver is about to tell you is even bigger and more spectacular than all the other fascinating storylines listed above. In fact, dear reader, FTX may not even be the biggest scam in crypto. Another, even more spectacular scam may still be live, ready to collapse at any moment… if anyone decides to take a real look at it.
The story you’re about to hear concerns the third-largest crypto-currency on the planet, which you’ve probably never heard of. It is a story of how a former Disney child-actor — a Jeffrey Epstein associate who was embroiled in an under-age sex scandal — bizarrely emerged as one of the world’s strangest crypto-currency moguls. It is the story that raises serious questions as to whether an entire cryptocurrency is a scam — effectively a private money-printer. And to top it all off, there is reason to believe that if this cryptocurrency is the scam that it appears to be, it will nonetheless be allowed to continue because of this particular cryptocurrency’s usefulness to intelligence agencies in funneling money to foreign rebel groups and jihadis with plausible deniability.
Sound crazy? Sound interesting? Strap in, it’s about to get wild.
USDT, or Tether, is what is known as a “stablecoin.” A stablecoin is a cryptocurrency that, instead of fluctuating in value, is intended to hold to a consistent price. Tether is a USD stablecoin — each Tether is supposed to be equal in value to one U.S. dollar. While most cryptocurrencies are wildly speculative and backed by essentially nothing, each Tether is supposed to be backed directly by a U.S. dollar, or an extremely liquid, reliable investment like a U.S. treasury bond.
These USD stablecoins are used on cryptocurrency exchanges to conduct on-the-blockchain trades in lieu of using actual U.S. dollars. Without stablecoins like Tether, the current crypto ecosystem simply would not exist. There are multiple USD stablecoins, but Tether is by far the most popular. According to coinmarketcap.com, Tether has the third highest market cap of any crypto currency at $66 billion, trailing only Bitcoin and Ethereum. Today, fully half of all bitcoin trades globally are executed using Tether.
A year ago, crypto news site Protos summarized Tether this way:
If cryptocurrency was an engine, Tether (USDT) is one of its pistons.
Over the past seven years, the maverick stablecoin has evolved into a primary crutch for the ecosystem. It’s a tool for onboarding new money, managing and growing liquidity, pricing digital assets, and generally oiling crypto markets to keep them smooth.
Tether boasted a $1 billion market capitalization when Bitcoin hit $20,000 at the end of 2017. This year, it’s a $70 billion-plus powerhouse.
Practically every crypto exchange supports USDT trade in some form. The makeup of Tether’s reserves and its inner workings are yet to be disclosed in clear detail.
Still, the question of who exactly buys Tether directly from its parent company Bitfinex has remained unanswered since its inception way back in 2014.
Earlier this year, Protos shed light on that mystery by reporting that just two companies, Alameda Research and Cumberland Global, were responsible for seeping roughly two-thirds of all Tether into the crypto ecosystem.
Did that last sentence set off any alarm bells? It should have. Alameda Research is the quantitative trading firm founded by Sam Bankman-Fried. Bankman-Fried and his partner in crime, Alameda CEO Caroline Ellison, allegedly propped up their trading firm by plundering FTX customer accounts.
The inner workings of Tether remain remarkably opaque.
New Tethers are supposed to only be minted, and added to the crypto ecosystem, when somebody gives Tether Limited dollars to create them. And if that’s how it all worked, Tether would be fine.
But there is no evidence Tether actually works this way. We repeat: There is no proof that Tether stablecoins are backed by the store of tangible assets that is supposed to justify their value.
Despite first being released eight years ago, Tether has never been audited in any way. It first promised an audit in 2017…to, you know, happen eventually. How is that coming along? As reported by the WSJ, “Tether Says Audit Is Still Months Away as Crypto Market Falters”:
…
Tether is designed to grease the rails of the roughly $1 trillion cryptocurrency market by promising each token can be redeemed for $1. Market observers have long questioned whether the firm’s reserves are sufficient and have been demanding audited information.The company has been promising an audit since at least 2017. An audit is “likely months” away, said Paolo Ardoino, chief technology officer of Tether Holdings Ltd., which issues the tether coin that recently carried a market value of $68 billion.
“Things are going slower than…we would like,” Mr. Ardoino said.
Instead of a full audit, Tether, like other leading stablecoins, publishes an “attestation” showing a snapshot of its reserves and liabilities, signed off by its accounting firm.
Audits are typically more thorough than other types of attestation. The attestations for some crypto companies sign off on the numbers provided by the company’s management for a specific date and time without testing the transactions before or after that date. That process can make the reports more vulnerable to being used to paint an unduly rosy picture.
A 2017 attestation of Tether was skewed by its sister company, Bitfinex, transferring $382 million to its bank account, hours before the accountants checked the numbers, the Commodity Futures Trading Commission said last year.
Take a moment to register that: In 2017, when Tether’s total market cap was still under $1 billion, it needed a last-minute transfer of $382 million just to sly its way through a non-audit attestation of its assets. This is ominously reminiscent of the accounting trick used by borrowers to obtain so-called “liar loans” in the run-up to the 2008 subprime mortgage crash.
That 2017 attestation, incidentally, led the Commodity Futures Trading Commission to fine Tether $41 million last year, without the company admitting any wrongdoing. Tether also paid an $18.5 million fine to New York state to settle claims that it misrepresented its reserves. The settlement forced Tether and its associated Bitfinex exchange to cease operations in New York. Crucially, though, none of these fines have fully exposed how Tether works, forced it to change its methods, or even compelled it to admit wrongdoing. Tether essentially made a political payoff, it seems, and moved on.
You know things are fishy when even legendary scammer Jordan Belfort calls you out:
It’s important to state what is happening if Tether is not actually backed by the dollars that it claims. If Tether Limited is pumping out new Tethers without actually taking in an equal amount of USD, then it is essentially a privately-run money printer.
Just manufacture new Tethers, pump them into a crypto exchange, use them to buy bitcoin, then sell the bitcoin for real U.S. dollars.
That would be, in the words of Dire Straits, “Money For Nothing”:
To avoid a Dire Straits situation, in other words, the whole system must place its faith in the unaudited pinky promise of Tether’s management team. So, what remarkable financier is behind this arrangement? What person of impeccable morals is helming Tether such that it commands so much importance in the global crypto ecosystem despite doing so little to merit confidence?
Say, anybody remember the Mighty Ducks movies?
Or how about the Sinbad movie First Kid? Anybody ever catch that on The Disney Channel back in the day?
Meet Brock Pierce.
In the early 90s, Pierce enjoyed a brief career as a child actor. But before even reaching legal adulthood, Pierce pivoted into a new career, which soon ended bizarrely:
In the trailer for First Kid, the forgettable 1996 comedy about a Secret Service agent assigned to protect the president’s son, the title character, played by a teenage Brock Pierce, describes himself as “definitely the most powerful kid in the universe.” Now, the former child star is running to be the most powerful man in the world, as an Independent candidate for President of the United States.
Before First Kid, the Minnesota-born actor secured roles in a series of PG-rated comedies, playing a young Emilio Estevez in The Mighty Ducks, before graduating to smaller parts in movies like Problem Child 3: Junior in Love. When his screen time shrunk, Pierce retired from acting for a real executive role: co-founding the video production start-up Digital Entertainment Network (DEN) alongside businessman Marc Collins-Rector. At age 17, Pierce served as its vice president, taking in a base salary of $250,000.DEN became “the poster child for dot-com excesses,” raising more than $60 million in seed investments and plotting a $75 million IPO. But it turned into a shorthand for something else when, in October of 1999, the three co-founders suddenly resigned. That month, a New Jersey man filed a lawsuit alleging Collins-Rector had molested him for three years beginning when he was 13 years old. The following summer, three former DEN employees filed a sexual-abuse lawsuit against Pierce, Collins-Rector, and their third co-founder, Chad Shackley. The plaintiffs later dropped their case against Pierce (he made a payment of $21,600 to one of their lawyers) and Shackley. But after a federal grand jury indicted Collins-Rector on criminal charges in 2000, the DEN founders left the country. When Interpol arrested them in 2002, they said they had confiscated “guns, machetes, and child pornography” from the trio’s beach villa in Spain.
Pierce managed to get out of his Interpol jam that without being charged, and his strange path through life continued.
“Wait, is there somehow an Epstein connection here?” you might be wondering. Oh, you bet there is an Epstein connection here.
In early 2011, about a decade after the Digital Entertainment Network imploded, [Brock] Pierce visited the Virgin Islands to attend “Mindshift,” a conference of top scientists hosted by Epstein. A representative for Pierce says he didn’t even know who Epstein was when he flew (commercial) to the event, which the financier had arranged as part of his elaborate effort to launder his lurid reputation. It was not even 18 months after Epstein had completed his slap-on-the-wrist solicitation sentence in Florida and registered as a sex offender.
…
Nothing suggests that anything of a sexual nature or anything untoward at all occurred at Mindshift. Pierce is only one of dozens of figures in Epstein’s dizzyingly vast network, and the link between the two may be nothing but a curiosity. But it is a strange tale: how a former child actor who never went to college ended up as an Epstein guest — a seemingly unlikely addition to a group that included a NASA computer engineer, an MIT professor of electrical engineering and a Nobel laureate in theoretical physics. “I don’t know what he had to do with science [or] why he was there,” says one person who attended.So, we have the world’s third largest crypto currency, a stablecoin that has never been audited, founded by a washed up former child actor involved in a sex scandal with underaged minors that quietly dissipated without charges, who has prospered in crypto despite zero technical background, and who maintained a hard-to-explain connection to Jeffrey Epstein. But hey, Pierce says he hasn’t actually been involved with Tether since 2015. And maybe Pierce was just the “celebrity” face of the venture, and the other leaders have more legitimate background.
Tether’s CEO is Jean-Louis van der Velde:
The chief executive of Tether ran a company that faced a string of lawsuits in China over unpaid bills and fines for late tax payments before he helped launch the contentious stablecoin now at the heart of the crypto industry.
As crypto has moved from finance’s fringes to its mainstream, investors have increasingly relied on stablecoins, digital tokens backed by real-world assets, as a means to buy and sell volatile currencies such as bitcoin.
But as Tether’s role in the crypto universe has mushroomed since it was founded in 2014, with $78bn of its stablecoins now in circulation, so has scrutiny from regulators. The company’s rapid rise has also turned the spotlight on publicity-shy chief executive Jean-Louis van der Velde.The 58-year-old Dutch native’s career, spanning IT sales in Hong Kong, Germany’s software industry and an ailing Chinese electronics manufacturer, gave few hints of the significant role he would later assume.
…
While US politicians race to gather more information on Tether, even some of the group’s biggest customers say they have had few dealings with its chief executive.
Sam Bankman-Fried, the chief executive of FTX, the Hong Kong-based cryptocurrency exchange recently valued at $25bn, told the Financial Times earlier this year that he had only met van der Velde once in person.“My sense is that he’s less involved in the external operations aspect of the business and more involved in internal management and leadership,” Bankman-Fried said. Another cryptocurrency executive who has had dealings with Tether’s management put it more bluntly: “I don’t know a lot about JL and most people don’t.”
Folks, I’ve been telling you that one day very soon EVERYTHING is going to come out.
The whole crooked and sick system is going to come crashing down on itself.
Can you see how that might happen now?
For years, people thought that would be impossible.
But when you build scam upon scam upon scam, and filth upon filth upon filth, well…sometimes it collapses under its own weight.
And the result is going to be glorious!
It feels like we are very close.
How many people does this take down?
Everyone except those 10-20 honest people in D.C.?
It’s very likely.
Here’s more from Kari Lake:
My campaign, @AbrahamHamadeh, @azgop, and the AG's office are all demanding answers from @MaricopaVote about their alleged violations of election law. We've been met with silence
This election can not be certified until a complete investigation of these issues has been completed pic.twitter.com/9cwmBLamsl
— Kari Lake (@KariLake) November 26, 2022
Here’s more from Tucker, explaining how the scam worked:
Tucker EXPOSES why FTX "laundering" scheme for Democrats is SO much worse than you thought… pic.twitter.com/qLQXhlE1ES
— Benny Johnson (@bennyjohnson) November 18, 2022
More:
Holy Chiiiit! Tucker is going there! Ukraine, the biolabs, FTX, systematic destruction of the old guard, crimes against children, and subtly hinting at Q drops. pic.twitter.com/zfeDipTkGm
— Jeovanny Flores (@JackTho57759853) November 24, 2022
Are these 8 in deep?
🚨Did you know 8 congressmen tried to stop the SEC's inquiry into FTX?
It doesn't just stop there:
1) 4 were democrats, 4 were republicans
2) One tweeted against Gary Gensler's pressure on exchanges inc FTX
👇
— Mario Nawfal (@MarioNawfal) November 25, 2022
Mitch is in this up to his eyeballs:
Maybe you should stop taking money from FTX and SBF in order to undermine MAGA Republicans? How about that RINO boy. https://t.co/Pknkc0nmSV
— XRP SnotRocket (@XSnotrocket) November 25, 2022
More here:
Why are we talking about donations of $2,900 to $11,600 when Republicans got 6+ MILLION from FTX, it’s co-creator, through various Super PACs?! pic.twitter.com/oea511Io3Q
— Outer Lumen (📊,🎨) (@outerIumen) November 26, 2022
And here:
Members of Congress involved in $FTX scandal.
Republicans:@tomemmer (MN)@WarrenDavidson (OH)@ByronDonalds (FL)@TedBuddNC
Democrats:@JoshGottheimer (NJ)@JakeAuch (MA)@RitchieTorres (NY)@DarrenSoto (FL)
— MooN ⚡️ (@OGApee_) November 26, 2022
Now, if you want more of the background here, keep reading…
I’ll connect all the dots for you:
EXPOSED IN 90 SECONDS: Biden, Ukraine, Crypto and Pedos….All Connected?
I don’t like to use hyperbole too often because then you become the boy who cried wolf and people don’t listen to you as much.
So I’m careful with headlines like this, and I wrote this one intentionally because I believe it is true.
Folks, this is the big one, and it may just be the thing that ends up taking down not only Joe Biden but the entire crooked Democrat party.
Let me explain…
You’ve probably heard about a company called FTX recently and its “founder” Sam Bankman-Fried, who goes by “SBF”.
If you’ve found the story confusing or too hard to follow, let me explain it really simply, because it is simple.
SBF appears to be a Government spook (or “Useful Idiot”, we’re not sure which yet).
But what is clear is the guy is mostly a complete bumbling idiot, and yet somehow rose to control billions, running one of the largest crypto exchanges out there.
Remember those Super Bowl ads with Tom Brady and Larry David?
That was FTX.
It rose up out of almost nowhere to suddenly be this behemoth.
What we’re now learning is the whole thing was perhaps a full ponzi, perhaps just a fraud, perhaps just a total fake, but definitely it was not a real mega-company.
So last week, FTX suddenly shocks everyone and goes bankrupt with no warning.
The crypto market tanked, huge crash.
Bo Polny actually predicted the entire thing, more on that below…
But now as we’re putting together the pieces and digging through the wreckage, we’re learning this might have actually been the biggest money laundering operation of all time.
Remember all those BILLIONS upon BILLIONS that were going to Ukraine?
What if they were being laundered?
I mean, we all suspected it all along, right?
We just didn’t know how the con worked.
Now we’re learning, or at least we’re starting to connect the dots.
We’re still in the early stages here and I want to be clear we’re still seeing in a room dimly lit, so this is still speculation at this point, but the puzzle pieces are all starting to fit together.
Here’s basically how it went…
The U.S. takes billions upon billions of taxpayer dollars and funnels those over to Ukraine.
Ukraine then puts those billions into FTX (remember, it appears to not be a real company, more like a government plant).
FTX is owned by Sam Bankman-Fried.
SBF then takes the billions and donates them back to the Democrat party.
This part is not speculation: SBF was the #2 largest donor to the Democrats right behind George Soros.
The Democrat party then funnels the money to people like Joe Biden (10% for the Big Guy!) and uses it to buy seats, errrrrrrrr, I mean run elections, in all states at all levels.
End results?
Key Democrats end up with millions…
Races are stolen, errrrrrrrr “won”…
And Americans are SREWED.
If this all ends up being true or even partially true, I just have one question: Is this treason?
For all the visual learners out there, Kim Dotcom explains it very simply like this:
— Kim Dotcom (@KimDotcom) November 13, 2022
Think it’s just a kooky conspiracy theory by Noah?
Think again.
Here is Elon Musk exposing it:
— Elon Musk (@elonmusk) November 13, 2022
More from Elon here:
SBF was a major Dem donor, so no investigation
— Elon Musk (@elonmusk) November 13, 2022
Poso is on it too:
It is increasingly looking like the Democrats 2022 campaigns were funded by kickbacks from Ukraine funding using FTX as the pass-through vehicle
No wonder dude is scared for his life after ripping off these people https://t.co/Te5iqmpMqj
— Jack Poso 🇺🇸 (@JackPosobiec) November 13, 2022
Everyone is waking up and connecting the dots:
So all that military aid going to Ukraine was invested by Ukraine into FTX…. and FTX donated to USA Democrats…. ARE YOU PAYING ATTENTION????
— Erin Brophy – don't forget to laugh.. (@ERINBROPHY18) November 12, 2022
More from Poso:
Conspiracy theorists: Politicians are using Ukraine spending to money launder direct payments for their own re-elections
Media: "No such thing occurred!"
Reality: FTX
— Jack Poso 🇺🇸 (@JackPosobiec) November 13, 2022
Money Laundering 101 it looks like:
Money Laundering 101.
1. Foreign aid goes to Ukraine.
2. Ukraine invests in $FTX
3. $FTX donates back to the Democratic Party.— MooN ⚡️ (@OGApee_) November 12, 2022
Here is the Daily Caller:
Sam Bankman-Fried, prolific Democratic donor and ex-CEO of now-bankrupt cryptocurrency exchange FTX, funded the campaigns of members of Congress overseeing the Commodity Futures Trading Commission (CFTC), one of the key bodies tasked with regulating the crypto industry and the subject of Bankman-Fried’s aggressive lobbying.
Bankman-Fried’s FTX is currently under investigation by the CFTC and the Securities and Exchange Commission (SEC) after Bankman-Fried allegedly moved $10 billion in client assets from his crypto exchange to his trading firm Alameda Research, and a liquidity crisis at his exchange which prompted the company to file for bankruptcy. However, prior to the agency’s probe, Bankman-Fried aggressively courted the CFTC – and funded several key lawmakers charged with overseeing the agency, pouring cash into their campaign coffers.
Here is InfoWars:
The spectacular meltdown of the FTX crypto exchange has revealed it to be nothing more than a slush fund for Democrat candidates.
Sam Bankman-Fried stepped down as FTX CEO on Friday after it was announced his exchange had filed for Chapter 11 bankruptcy in the face of a multi-billion dollar liquidity crunch.
On midterm election day, Bankman-Fried managed to lose nearly 94% of his estimated $15.6 billion fortune.
The U.S. branch of FTX is now valued at $1, down from a peak of $8 billion in January. Bankman-Fried is now also under investigation by both the Department of Justice and U.S. Securities and Exchange Commission.
Prior to the midterms, Bankman-Fried was touted by POLITICO as the Democrats’ “newest megadonor” and “potential Democrat savior” second only to billionaire globalist George Soros.
“We’ve never seen something like this on this scale,” said Bradley Beychok, co-founder of American Bridge 21st Century, a Democratic super PAC. “On our side, there’s a small pool of people who write these kinds of checks and they tend to be the same folks. But Sam, to his credit, came right in with a big splash.”
In fact, Bankman-Fried spent almost $40 million on Democrat candidates this year.
From Fortune:
The 30-year-old Bankman-Fried has been a major force in Democratic politics, ranking as the party’s second-biggest individual donor in the 2021–2022 election cycle, according to Open Secrets, with donations totaling $39.8 million. That ranks only behind George Soros (about $128 million) but ahead of many other big names, including Michael Bloomberg ($28.3 million). What’s more, he had promised to spend far more on Democrats moving forward, predicting in May that he’d fund “north of $100 million” and had a “soft ceiling” of $1 billion for the 2024 elections.
He also donated $10 million to then-candidate Joe Biden in 2020.
A YouTuber named “Nobody Special Finance” succinctly explained the FTX “Ponzi scheme” that led to its collapse this week.
“The truth is, Sam Bankman-Fried is a liar and a crook,” said Nobody Special. “His personal crypto, FTX Token, was basically a Ponzi scheme … He used his Ponzi token as collateral to borrow billions of real dollars that he couldn’t pay back … He then used those real dollars to build an empire out of dying companies.”
“[Sam Bankman-Fried] then sold people cryptos like Bitcoin, or so they thought. What they really bought was an IOU.”
In essence, Bankman-Fried used his corrupt earnings to finance the Democrats’ midterm races to head off a “Red Wave.”
Now that FTX has imploded, Democrats are saving face by renewing calls for the crypto space to be heavily regulated.
The adults in the room knew SBF was a fraud:
CHAMATH WASN’T FOOLED BY FTXpic.twitter.com/QY6ESL5MxJ
— The_Real_Fly (@The_Real_Fly) November 13, 2022
Biden, Ukraine, Crypto and Pedos….
All connected?
Watch here, it’s all explained in 90 seconds:
🤔How do Biden, Ukraine, Crypto and pedophiles all connect? (90 seconds) pic.twitter.com/UwMXHLx9Cv
— Truthseeker (@Xx17965797N) November 13, 2022
This video is awesome:
[iframe src=”https://www.bitchute.com/embed/UDuhtOr5ufJj/” width=”100%” height=”360″]
So….what do you think?
Does this take down Joe Biden?
Oh, and one more thing…
We’ve been telling you about the plan to install Trump as Speaker of the House, and some have said the plan won’t work because you need a Super Majority in the Senate to remove Biden and Harris…
True, but I’m banking on a scandal erupting so big that even most Democrats will vote them out!
And that scandal is now developing before your very eyes folks!
INCREDIBLE!
Back to the stock market crash, Bo Polny predicted the whole thing and told us 3 weeks in advance.
Details here:
Bo Polny Predicted The Bitcoin Crash TO THE DAY, Here’s What Comes Next…
I had Bo Polny back on my show today and we talked a LOT about crypto…
If you’ve been following the crypto markets or even just the news in general, you know crypto had an ugly week.
Huge crash…
Big players and exchanges going bankrupt over night!
In fact, I’m working on a big story right now that is set to expose and explain exactly how we may have just uncovered the biggest money laundering operation of all time…
And it may just be the thing that brings down Joe Biden and the entire evil regime.
Yes, it’s that big.
Here’s a sneak-peak:
— Kim Dotcom (@KimDotcom) November 13, 2022
But here’s the deal…
Bo Polny predicted the EXACT DAY of the crash with perfection!
He told his Newsletter subscribers back in October this was coming.
I couldn’t post about it ahead of time out of respect for the people that subscribe to his Newsletter, but now that it happened and he was right to the very day, I had to have him back on my show to break it all down.
We had a blast, and yes we also talked about September 24, October 24 and November 24.
You might be surprised to learn some of the details!
We also talked about Switzerland, the Egyptian Sphinx on top of Europe, gold and silver and a lot more!
Oh and of course Donald Trump!
This is so good and I’m excited for you to hear it.
Watch safely here on Rumble:
Backup here on YouTube:
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👉 If you want Bo’s trading Newsletter, go to https://www.gold2020forecast.com/cryptocurrency-index ➡️ use code WLT49. (LIMITED TIME)
💥 For access to the Easy Crypto School, go to https://www.easycryptoschool.com ➡️ use code WLT49. (LIMITED TIME)
The discounts are only good for a short time, so grab them if you want now.
The entire history of the Newsletter is available to you when you sign up, which is something I love.
You can go back and read and see exactly how accurate Bo has been:
And then for anyone who wants to get started but is scared to do it wrong or doesn’t know how, this is for you.
A trusted guide, from a trusted friend.
There’s a lot of bad stuff out there, but I’m always happy to send people to Bo’s Easy Crypto School:
Enjoy!
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