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#nerdreich

4 posts4 participants1 post today

#Ripple, a shitcoin pump and dump company convicted of massive securities law violations, buying a tradfi ("traditional finance") prime broker is a perfect example of the crypto industry making big moves to take over and integrate with america's existing financial system in a way that will be very hard if not impossible to unravel.

All of the money for this corporate takeover came from dumping Ripple's #XRP tokens on retail suckers.

Also Ripple CEO Brad Garlinghouse was one of the 2024 election's biggest donors.

ripple.com/ripple-press/ripple

Ripple Acquires Prime Broker Hidden Road
RippleRipple Acquires Prime Broker Hidden RoadRipple announced it is acquiring Hidden Road for $1.25 billion, representing one of the largest deals in the digital assets space, and becoming the first crypto company to own and operate a global, multi-asset prime broker. Learn more about the deal.

always keep in mind that the #NerdReich crypto bros who just bought the american government very much *want* total economic collapse and the destruction of the global financial system so they can rule over the ashes with their bitcoins.

this has been the explicitly and loudly stated plan from the jump and they aren't afraid to keep saying it now even as things are starting to unravel.

My 2 cents for the normie board & maybe the fascism-deniers in your life. I firmly believe that the billionaire's long-term plan is a technofeudalism & fascism is the tool they're using to get there.

The goal is to send us back to feudalism. Trump may not know that, but his handlers do.

Unfortunately, slavery is currently legal and constitutional if you've been convicted of a crime. For citizens and not just Venezuelan "gang members". Thanks 13th ammendment. 🙄

As soon as you let what they have been putting in books and podcasts for years regarding #NetworkStates sink in, current events aren't nearly as confusing or surprising. The #NerdReich is how they plan to control people while they reduce the population to a more "efficient" level.

So as you see, the fascism and the feudalism are intertwined. It's all one fight. #PitchforksUp

See: theplotagainstamerica.com/

New paper from #Yale and the #FederalReserve blames the 2023 banking crisis on (you guessed it) #crypto and Nerd Reich #VCs.

> "A clearer commonality between the six banks [that failed], the paper argues, is their exposure to risky depositor bases that other banks shied away from: #crypto firms and [tech] venture capitalists."

* American Banker: americanbanker.com/news/new-pa
* Paper: chicagofed.org/publications/wo

Replied in thread

@ncweaver.skerry-tech.com note that it's all donor coins - #SOL (#Solana, backed by "crypto czar" #DavidSacks), #XRP (#Ripple, CEO is megadonor #BradGarlinghouse), and #ADA (#Cardano, created by #CharlesHoskinson). Trump only added bitcoin and ethereum a few hours later.

The price of all these tokens massively spiked 10-35% on the news as people seek to front run the American taxpayer’s “investment”.

tfw #SteveBannon keeps making great points:

> "Remember, #Zuckerberg and all these guys came out of graduate schools [and] they didn't have any money. The people that invest - it's all pension fund money. So it's Oregon State Pension Fund, it's #CalPERS, it's Alabama Teachers Fund. All of their money: this is the Greek tragedy part of this. The American working class and middle class have essentially, through their hard work and savings, paid for their own destruction. Your greatest strength was turned against you. Your ability to be a good householder, your ability to actually have something, your ability to pay your taxes on a regular basis and have a little something put away, that's what the venture capitalists and the hedge funds use to ship the jobs overseas and destroy, not only your own economics and your personal life but to make sure that your children and grandchildren essentially live like serfs"
open.spotify.com/episode/6fpoT

the meeting logs of #DavidSacks and #a16z's "Crypto Task Force" that is I guess now running american financial regulation via the #SEC contain many incredible things, but only a single meeting with anyone trying to advocate for the public interest (#BetterMarkets, who deserve a lot of credit for trying).

* SEC page: sec.gov/about/crypto-task-forc
* archived meeting notes: legacy.www.documentcloud.org/a