THE GREAT “CRYPTO-CRASH OF ’22”

I'm not one to gloat and say "I told you so," but... I told you so, except I'm not gloating. If you've been following the crypto-currency phenomenon - or worse, if you had invested in them - then you'll be aware that there has been a massive meltdown in crypto-currencies, with an estimated $300 billion-plus in value literally wiped out.  But I suspect there's "something" behind this wipe out, and that's the subject of today's high octane speculation.... or perhaps I should just call it a high octane bubble. We'll get back to that. Here's one version of the story that caught the eyes of many of you:

Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic

Now here's the story in a nutshell:

The price of Bitcoin plunged to its lowest point since 2020. Coinbase, the large cryptocurrency exchange, tanked in value. A cryptocurrency that promoted itself as a stable means of exchange collapsed. And more than $300 billion was wiped out by a crash in cryptocurrency prices since Monday.

The crypto world went into a full meltdown this week in a sell-off that graphically illustrated the risks of the experimental and unregulated digital currencies. Even as celebrities such as Kim Kardashian and tech moguls like Elon Musk have talked up crypto, the accelerating declines of virtual currencies like Bitcoin and Ether show that, in some cases, two years of financial gains can disappear overnight.

The moment of panic amounted to the worst reset in cryptocurrencies since Bitcoin plummeted 80 percent in 2018. But this time, the falling prices have broader impact because more people and institutions hold the currencies. Critics said the collapse was long overdue, while some traders compared the alarm and fear to the start of the 2008 financial crisis.

“This is like the perfect storm,” said Dan Dolev, an analyst who covers crypto companies and financial technology at the Mizuho Group.

Now, when certain types of markets tumble so fast, and tumble faster than the rest of the market, or if only certain securities suddenly tumble while others on the same markets remain relatively stable in market value in comparison, I get suspicious.  The latter, of course, can be "flash crashes" caused by computers trading in response to bad (or is it good, or intentional?) input. Crypto-currencies are all about computers, and as I opined many times, both on this website, and on various interviews with Catherine Austin Fitts, computer-run markets increasingly distance themselves from normal human market activities, and as Ms. Fitts never tires of reminding us, there simply is no  such thing as a secure cyber-system.

So bear that in mind as you read the possible real point of "the crypto-crash of '22": the article continues by pointing out that investments in "cryptos" rose during the planscamdemic, with even major investment and banking houses not only investing, but apparently, going into debt to do so. Then we're told that the "crypto-crash of '22" happened because in the wake of the war in the Ukraine, people are selling off risky assets. Translation: Once again, it's the fault of those never-to-be-trusted-always-Byzantinely-scheming-Rooskies-and-their-eveil-super-criminal-genius-mastermind, Vladimir Putin, and his nefarious schemes to make everyone pay for their gas and oil in roubles, while backing the latter with gold, and not accepting cryptos as payment. Baaaddd Vladimir! Eeeevvil Vladimir!

But then we get the following sorts of statements interspersed throughout the article:

The volatility quickly drew attention in Washington, where stablecoins have been on regulators’ radar. Last fall, the Treasury Department issued a report calling on Congress to devise rules for the stablecoin ecosystem.

“We really need a regulatory framework,” Treasury Secretary Janet Yellen said at a congressional hearing on Thursday. “In the last couple of days, we’ve had a real-life demonstration of the risks.”

Stablecoins “present the same kinds of risks that we have known for centuries in connection with bank runs,” she added.

In other words, with market volatility like this, we need regulation, and when you say "regulation", that has a specific meaning if you speak Old High Centralbanksterese: it means giving central banksters yet another money monopoly to play with and influence through their dark pools, algorithmic trading, and so on. And one wonders if, indeed, there was not a certain amount of such algorithmic trading deliberately being done in order to bring about this "crypto-crash of '22".

There's an important lesson here, and the lesson is how quickly value can be wiped out in markets that have no integrity; and no cyber market has integrity. Perhaps this latest "flash crash" is a reason behind another phenomenon, but more on that Wednesday...

See you on the flip side...

 

Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and "strange stuff". His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into "alternative history and science".

2 Comments

  1. DanaThomas on May 18, 2022 at 5:20 am

    It could well be that in a future phase, human society will not be so focused on the importance of “money”, which for a large (but not total) percentage of the world population has been set up as a turnstile for access to necessities, real and perceived, and then to “luxuries”. Younger people (under-60s lol) who have lived all their lives in a relatively stable single currency environment, especially in the US may be having a hard time realizing that money goes through change just like everything else in collective and individual life. Uncertainty is baked into the monetary “cake”, whether we go back to Babylonian clay tablets, to the receipts issued by the Knights Templar or the Venetian bankers and now up to present times. Before computers, since the 19th century, funds have been “wired” via the telegraph network with analog reconciliation along the various “nodes”. Are “cryptos” any less ephemeral, or subject to manipulation than fiat currencies that are themselves almost fully digitalized? I think this is a moot point. Exchange works because of trust, and falters when trust breaks down, as has happened time and again in history. A significant part of the population is already in a phase where multiple forms of “money” are used, with a return of interest in topics like the different functions of “money” often distinguished as: medium of exchange, storing wealth, measure of value, standard for deferred payment.
    I would like to put in a good word for people like Dr. Farrell and the burgeoning community working to advance the society intellectually and spiritually, especially online. I believe there will always be a place the printed book and specialized magazines; and whether these are sold online or in shops, digitalized processes are required for printing, shipping, royalties and the payments at these various stages. While cash can and should be used for local purchases, sending it through the mail or courier services has too many drawbacks, though an “analog option” is not a bad idea – Catherine Austin Fitts is setting up options for her website in this respect. In times of turbulence, which will pass, we might all think of adding to our list of “must do” the continued support to our favourite websites and authors.



    • Awake on May 19, 2022 at 9:33 am

      Hi Dana, this is an excellent comment and in my opinion, it is a war between transhumanists (digital) and organic humanity (analog). The world you speak of is pre-war on terror (2001) and the vast majority of everyday transactions were done in cash or check / money order. Credit cards were still fighting for credibility for the average person and then 0% financing took over our society. That gave credit cards the needed push to take over regular commerce and literally our lives. Many people are starting to understand this game that has been played to user in the transhumanist agenda. Those people are now turning to the more organic nature of humanity / world outlook. I mentor as many people as possible that money is only a tool to live your life and never the main focus of your life. The majority of people have either forgotten that knowledge or have never heard anyone say such a message. It makes me happy to see the light go on in peoples eyes when they understand the concept. Yes, there is hope and Dr. Joeseph P Farrell & Catherine Austin Fitts have helped to Awaken many people along the way. My guess is they will figure a way to take money orders like it was 20 years ago.;-)



  2. zendogbreath on May 17, 2022 at 11:48 pm


    • zendogbreath on May 17, 2022 at 11:49 pm

      Scott Ritter’s reassessment is important.



      • Awake on May 19, 2022 at 8:55 am

        I do agree that Scott Ritter adds a level of validity to the situation in the Ukraine. Although my guess is Scott Ritter’s latest assessment could be easily produced by the Khazarian Mafia by applied pressure to make an adjusted situational statement. It takes a person of extreme resolve and integrity to hold their ground when the entire system is pushing against them (threatening to kill them or their family / friends). My hope is your correct.



  3. zendogbreath on May 17, 2022 at 11:06 pm

    https://www.gregpalast.com/2000-mules-belly-laughs-belly-aches-from-dsouzas-proof-that-trump-won/
    2,000 Mules: Belly Laughs, Belly Aches from Film’s “Proof” that Trump Won – Greg Palast

    https://www.youtube.com/watch?v=3lQ9xFlNWt4
    (54701) 2000 Mules Movie Review (With Legal Analysis) – Viva Clips – YouTube



    • Awake on May 19, 2022 at 9:01 am

      There is some talk going on now that 2,000 Mules is just another controlled opposition play.



  4. zendogbreath on May 17, 2022 at 10:39 pm

    https://www.youtube.com/watch?v=1Eg5Zv70j20&t=236s
    (54712) Left Wing Sponsors vs Right Wing Sponsors – YouTube



  5. Westcoaster on May 17, 2022 at 9:51 pm

    Thing about Bitcoin, and a big reason why I never got into it; what happens when all the coins are exhausted? Isn’t the mining process what keeps it up and running? No one has ever been able to explain that to my satisfaction. Perhaps others are realizing this.



  6. marcos toledo on May 16, 2022 at 8:37 pm

    The Federal Reserve is neither Federal nor a Reserve and Cryptocurrency is not money either. Anybody for a game of dice with very loaded dice this makes a honest loan shark hang their heads in shame.



    • Ludwig Von Bearsnout on May 17, 2022 at 2:48 pm

      Sounds like Cryptocurrency is a lot like voting— Its a game of “loaded dice”.



  7. Steve.Jinks on May 16, 2022 at 6:43 pm

    Let us not forget one of the worlds early and overlooked flash crashes, The panic of 1907.

    It was used as a pretext to demand more regulation of money and banking, leading us to that ill-fated trip to Jekyll Island, the titanic voyage to nowhere, the death of those aboard who were opposed to the Fed, and an infamous Christmas vote. It’s all part of a pattern. The pundit Lionel, In a recasting of problem-reaction-solution and the Hegelian dialectic calls this: “catastrophe-agenda-devolution.” I call it, badly prepared blowfish sushi.



  8. Steven Chandler on May 16, 2022 at 6:19 pm

    When buying the dips works because you are financially rewarded short term, the practice continues. When it stops working after extensive losses, bids dry up regardless of who is doing the bidding and regardless of price. Dumb money or smart money is not going to invest (buy or shortsell in 5 min or 5 years) something that it perceives it will lose money on.

    The algorithms compete with each other for profit from momentum. They just tend to “ride the wave” so to speak irrespective of direction.

    “But this time, the falling prices have broader impact because more people and institutions hold the currencies.” If everyone had already piled in, who is left to buy at the higher prices? Can you think of any gurus who told us Bitcoin was headed to $100k/Bitcoin?

    “Stablecoins “present the same kinds of risks that we have known for centuries in connection with bank runs,” she added.” In other words, now that organizations with lots of capital have bought into the “digital currency” theme, we need to ensure we can stabilize them just like we already do in the capital markets (i.e. we need a Bitcoin plunge protection team) to keep everyone interested in this digital asset.

    “There’s an important lesson here, and the lesson is how quickly value can be wiped out in markets that have no integrity”. The only reason any market exists, legal or otherwise is because each party to the trade thinks it’s going to benefit somehow. Without trust between the two parties, what market is there? However, Bitcoin falling necessitating a “regulated market” seems more to be a lack of buyers rather than a nefarious plot, particularly when those sellers hold substantial amounts of the digital currency that no amount of retail buyers can absorb irrespective of price.



  9. Scott S on May 16, 2022 at 5:46 pm

    The crypto crash could have something to do with coin base announcing that if it files bankruptcy your ‘coins’ could become theirs. That little nugget came out about 24 hours before the crash began.

    https://www.businessinsider.com/coinbase-warning-users-could-lose-crypto-bankruptcy-earnings-2022-5



  10. FiatLux on May 16, 2022 at 4:49 pm

    It seems to me at least three functions, useful to the bankster cartel and their associates, are served by a crypto crash such as this:

    (1) It’s currency destruction, a form of deflation, which can only help bring the pace of now-rampant currency and price inflation more under the banksters’ control.
    (2) It gives banksters and regulators a handy excuse to “regulate cryptocurrency” — translation: impose a central bank digital currency that operates according to rules set by them.
    (3) It can channel some of the disappeared funds into the covert economy.

    Anything so useful is either deliberate or a tremendous boon for the powers-that-be.



  11. Joe on May 16, 2022 at 4:47 pm

    Reminds me of the old adage:’the more it changes,the more it remains the same”.It’s all too easy to blame the Russians,after all the Democrats are having a ball.They repeated the same old story about Vlad. fixing the Trump elections so often that they believed it and still hold a grudge against the Russian leader.Their goal is to keep the war going for as long as possible,I can hear the cash registers pumping heaps of cash through the Military Industrial Complex.Arms is a greater investment than Bitcoin.China owns the largest gold deposits followed only by Russia.ain’t that a hoot!!!!



  12. Laura on May 16, 2022 at 3:38 pm

    I am going to take a risk and make a politically incorrect statement, I surmise that most of the bitcoin/crypto investors were male. women want houses.



    • Don B on May 16, 2022 at 7:12 pm

      Laura, not only want a house but change everything in the house every 2-3 years. LOL



  13. Robert Barricklow on May 16, 2022 at 11:57 am

    It’s the “West’s” most used financial tool; you might call it their favorite way of, making hay.
    “Pump & Dump.”
    Eat up the mainstream garbage, then suffer the consequences[Garbage In; Garbage Out].

    Now, there really is no “market”; as there is no real “price discovery” mechanism.
    A number of hidden factors, like FASB56, the FED “printing”, Dr. Farrell’s hidden secret finance, Wall Street’s control of markets[gold/silver], are some of what destroys true supply and demand curves. In crypto; a number of hidden investors have an extraordinary market share of key cryptos. Not only that, the NSA controls several hidden backdoors.

    Remember who was behind the internet? The U.S. military initially, through DARPA, “invented the internet[case closed]. Plus companies like Microsoft; create backdoors in their software, as part of the monopoly deal struck years ago. Many reasons why Swiss Cheese is manufactured to be what it is: full of holes.

    Then there’s the plandemic black globalized op: with countless stacked functions –
    Beyond Siegfried & Roy Belief! Part of that op was to drive global populations and businesses onto the internet. To engineer in the “digital age” en globalized masse.

    Then there’s the new op. Instead of the old, “The Russians are coming!”; it’s now become,
    “The Russians Did It!”.

    So The Ukraine “War”[Russians Did It!] is now taking blame for everything[car accidents?]
    [above war started by a U.S. coup of an elected president, replaced by a Nazi puppet regime.]

    So “they” want a digital currency they control absolutely; a corporate coupon[as in the old Company Store, become writ globally].
    It’s also a form of the old, “problem, Reaction, Solution” game.
    Hay World! Your being played once again. The Old Word Order; that has simply changed costumes, and been dressed-up & dolled-up as: The New World Order!



    • Jay on May 16, 2022 at 7:32 pm

      You know Robert, also shortly after that coup in 2014 ,new regime removed russian language as secondary official language in Ukraine which sparked protests from russian minority there which were quickly stomped down by that regime – in Odessa Ukraine neo-nazi’s burned down alive 200 russian civilians just because they were Russians.Similiar events occured in Mariupol,Lugansk and Donbass,only Crimea managed to avoid that fate.It was coordinated and well organized genocide. And even shortly before current Russia invasion , iirc two weeks before that , ukrainan army started heavy artillery bombardment on both russian minority territories in eastern Ukraine ( which btw never wanted to separate from Ukraine to begin with, they wanted simply their constitutional rights they enjoyed before 2014 coup, back).



  14. Jay on May 16, 2022 at 11:22 am

    Who would thought!? Hah. Well, for starters, cryptocurrency is not and never was a currency to begin with – it was a commodity as it always was. A digital commodity. What is being done with it now, is a transformation into currency under same pretence as it was done with gold/silver ages ago( also a commodity). What was a currency then( and is even now)?Something which you can trade with other people- food, clean water, medicine, practical skills, knowledge or even a safe place to live.



    • Nidster - on May 17, 2022 at 4:53 am

      What may be of ‘future’ valuable? As you wrote, it may be some valuable thing with which you can trade with amoung other people. When a ‘person’ can not readily obtain wholesome food, clean water, or even a safe place to live, then what good is a gold-backed currency, or even a ‘gold-baked cryto-currencey’ that is here today, and then gone tommrow. There are some ‘things’ that are going to be serious problems: paying for real estate property taxes is a serious issue. Can anyone offer a viable solution as to how to pay ‘property taxes’? Thanks!



  15. ats on May 16, 2022 at 11:03 am

    Through out all of this, for the past few weeks, gold prices have neither gone up nor down. Hahaha. They don’t even know where to artificially peg its price. Absurd.



  16. ragiza on May 16, 2022 at 9:56 am

    NFTs, that’s where to put your savings.

    Personally, I’m in search of a nonfungible token of cat-dog chimeras – that will be the cats’ (or dogs’) meow for financial security.



    • Laura on May 16, 2022 at 3:32 pm

      lol. at least if the nft value drops you still have the art.



  17. InfiniteRUs on May 16, 2022 at 7:52 am

    The amount of hardware and power needed to run and maintain virtual currencies makes them highly inefficient. And in war or a natural disaster it is the riskiest choice for storing one’s wealth ever rigged. The infrastructure gets taken down or out and you have no more means of transaction. Non-physical currencies and trades are a fool’s gamble in my opinion.



    • InfiniteRUs on May 16, 2022 at 8:05 am

      Crypto users literally sell their souls when they invest and use cryptos. There is no privacy and everything about them can be tracked and used against them. And it’s amazing how readily so many are buying into it out of short term greed and benefit. The wise see the where this heads to in the long term and seek to preserve their free, sovereign and private identity. Once too heavily invested in this system, once the mouse trap gets sprung and they make it impossible to take your wealth out of it by converting it back to physical, the riggers of this scheme will own your virtual soul and thus make a slave out of you spiritual/physical.



      • Awake on May 16, 2022 at 10:23 am

        As the old saying goes, if you don’t physically possess your assets, then you don’t really own your assets.

        Here’s a short list of good things to own (my opinion) in time like these. Land, home, guns & ammo, water source, food supplies, precious metals, cash, tools & implements, livestock, food garden, bicycle or horse, independent home power supply, short list of like-minded people in your area. All of these things are physical assets that you can touch, hold or work with in the real world.



    • Scott S on May 16, 2022 at 5:48 pm

      How much hardware and power does it take to keep the USD alive?



      • InfiniteRUs on May 16, 2022 at 10:07 pm

        The USD appears to be a monopoly fiat currency designed to acquire most of the world’s resources and industries through economic warfare rather than conventional war. If we were still on a gold and silver standard with a fixed value the NWO wouldn’t be able finance all the atrocities at the unprecedented scale we are witnessing today. I suspect the owners of this system originally promised it would be used to raise human civilization to unprecedented heights. But now it is obvious they intend to use it for global enslavement. The civilization is only being raised up to a level that makes global enslavement possible it seems.



  18. anakephalaiosis on May 16, 2022 at 5:34 am

    Sirens, as feminist assassins, are driven by jealousy, in greed for what they can’t have, because gift of spirit is beyond their reach, as they are cursed like Cain coins.

    Words came, and demanded freedom, and became spoken hymns, and chanted psalms.

    HOIST THE COLORS 1

    Bespoken, man held his utterance,
    and heart spoke in response,
    of such things unseen
    in worlds between,
    caught in glimpse at glance.

    https://dl.dropboxusercontent.com/s/b6nvyl8sggeudyz/hoist-the-colors.mp4



    • anakephalaiosis on May 17, 2022 at 2:54 am

      BTW, the 16th day of trial has been removed from Law & Crime Network channel, preventing replay of livestream:
      https://youtu.be/pg5QXdjTpX4

      That is a big mistake, because the livestream is a COURT PROTOCOL, with timestamp. This is how Freemasonry makes cut and paste, to cover up perjury, and manipulate verdict.

      When a man can’t be allowed justice, he will take it by sword, indifferent about where the blow hits. After all, women and children are easy targets, as they don’t run so fast.

      American feminism being on trial, is basically the USA on trial. The export of feminist depravity is on the scales, being judged by the world.



      • zendogbreath on May 17, 2022 at 10:49 pm

        Say it ain’t so Anak.
        Please tell us you’re not watching

        WATCH LIVE: Amber Heard Testifies in Defamation Trial – Johnny Depp v Amber Heard Day 16
        9,358,615 views Streamed live on May 16, 2022 LIVE COVERAGE: Johnny Depp v Amber Heard



Help the Community Grow

Please understand a donation is a gift and does not confer membership or license to audiobooks. To become a paid member, visit member registration.

Upcoming Events