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Digital Currency Volatility Transcends The Financial And Political Marketplace

November 15, 2022 By Conn Williamson

The contemporary tycoons of cryptocurrency and the Bolsheviks are like infinite recursive mirror images of elitism and oligarchy, the only subtle change over the last century is that the voluminous annals of pure hate and subversion are now capable of being archived in an etched hard drive.  The optical technology is capable of a nano-assembly of all humans born and died over the six thousand years in recreating the life’s storylines of hundreds of billions. good or bad.

As the smoke from the alarming escape velocity of a self-driving vehicle voraciously street hunting for any and all human prey has settled, the financial gifts influencing politics can be traced via the Federal Election Committee’s (FEC) public database and the staggering sums of capital harnessed from the exponential assent of valuated to the barons of Bitcoin and the lucrative progeny of one of the biggest scams in history. Of course, Democratic candidates received the majority of donations from digital monetary entrepreneurs which is a curious fact considering the taxable earnings of each individual who hit the proverbial jackpot in forking over billions to the Treasury Department, and the propensity to support liberal politicians seeking to increase the already stifling bureaucratic infrastructure through raiding the pockets of the wealthy.

While the front of the midterm election storm has passed, the ledger of the crypto-magnates while impressive from a pure financial perspective, is also quite harrowing considering the current trajectory of the nation’s social construct and the ulterior motive of elites in micromanaging the lives of the entire populace.

Now that the controversial fate of FTX dominates the trending headlines on both social media, and the liberal press, the post-election discombobulation and melee fought within a dark and dank alleyway that represents a time machine to the aftermath of the 2020 Presidential results.

Last week, the crypto-exchange founded by notable progressive Sam Bankman-Fried, announced that it would be filing for Chapter 11 bankruptcy, and curiously billions of dollars have allegedly disappeared into the opaque ether of the digital hinterland. Bankman-Fried and other nouveau-riche Bitcoin tycoons ironically poured billions into the crucial midterm elections, a furious spending spree of cash dispersed into the coffers of candidates in rural Republican strongholds, who had no chance of winning their respective races. The idea to attempt a rebranding campaign, echoes the fluidic marketing paradigm of the prodigious social media platforms in using volatility to mask horrendous and ineffective policy for the sake of record-breaking advertising revenue. Combined with the elements of Trump staunching the anticipated Red Wave, the premise of buying votes in the obscure Conservative corners of the nation sets the table for Democratic momentum in 2024, and pressures Republican donors to match the young hipster elements of instant digital wealth, dollar for dollar.

According the FEC database, Bankman-Fried and colleagues were involved in hooking up multitudinous candidates and PACS with lucrative sums. The pioneer of FTX bankrolled elections spanning the entire nation and topped off the political Super Bowl by allocating $4 million to his own superpac, Protect Our Future.

While the new money group of the younger generations, obviously indoctrinated through propaganda within the education system and social networks, the prevalence heavy Democratic support is troubling, especially as these “influencers” are rockstars of the era the impressionable collective mind of the masses.

With many questioning the protocol and integrity of the mail in voting process, cryptocurrency fortunes intertwined with elections, without financial experts knowing the complete ramifications and possible consequences of a monetary system based on electricity, rather than a tangible commodity, the presence of digital money funding politics is just another facet of the nightmarish connotations of the information age. An area where accountability is as fleeting as Mark Zuckerberg building a wall surrounding his exclusive Maui estate and the second-tier actors such Bankman-Fried at this point causing more harm than good on a cavalcade of levels.

A recent Rasmussen poll showed that the majority of Americans distrust the current iteration of the election process, and all the country needs at this point is a fiscal scandal tied-in with politics to further dissuade any hope of unification, or at least compromise driven by common sense.

Between the reckless political expenditures on top of the tech and the Bitcoin pyramid, and the questionable mechanisms surrounding the vote tally (see the apparent results of the Arizona gubernatorial race), elections have never existed in such a precarious state, as a proportion of society provides little recourse in pursuing truth and honoring fact.

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