ANOTHER IMPLICATION OF KLEPTO-CURRENCY: POWER THEFT
Seigniorage.
Or if one prefer its French form, seigneurage.
One does not encounter that word very much, even in recent technical journals having to do with it. The word and the concept it represents are almost completely forgotten, or at least, the word is, though the concept has been in the news lately when the Trump administration announced that pennies would no longer be minted. Why? Because the cost of minting the penny exceeded the actual worth of the coin. Seigniorage is simply and technically the difference in the cost of minting a coin, and its actual stated value. If the cost is less than the stated value, the government doing the minting makes a profit off of every coin it makes. Extending the concept somewhat, the term can be used to mean the cost of producing money of whatever type, from coins, to paper certificates, to - here it comes - computer blips.
And there one encounters a problem, for as our friend and colleague Catherine Austin Fitts once quipped, the cost of "mining" crypto-currencies (or as we like to refer to them here, klepto-currencies), is astronomical as massive amounts of power are required to do so. Fitts jokes that they have the energy consumption footprint of a German panzer division.
Indeed, the overhead cost, the seigniorage on any given klepto-currency is enormous, and may even exceed the actual value of the klepto-coin being mined. (And please note, the whole concept of seigniorage was baked into the whole klepto-currency scheme at the outset with the term "mining", since real coins were made of real metal that had to be mined, and thus became part of the overhead costs of producing that type of money. These folks are clever, aren't they? the mining equivalent for a klepto-coin thus becomes the power needed to generate, sustain, log, and trade it.) Of course, in the world of real coins with real metal, there were many ways to "cut costs and overhead" via various criminal and fraudulent means. Coin clipping was one of them, which was simply the obvious expedient of shaving off a small fraction of silver or gold, and accumulating enough of these fragments to melt down and sell as bullion, or better, to cast as counterfeit coins. Those little ridges stamped around your dimes or quarters in your pocket change are a holdover from that monetary era, because those ridges are simply "anti-clipping" devices. If they're not present or only partially present, you know that coin has been "clipped" and its metal content is not up to the legal requirement of its par value.
So what would be the modern klepto-currency equivalent of coin-clipping?
Very simple: steal some power and not pay for it and use it to mine more "coins"(article shared by M.D. with our gratitude, after hitting the link scroll down to find the article):
How Soaring Energy Demand Helped Push Bitcoin Below $90,000
Notice the overhead cost, the seigniorage, in any klepto-currency mining:
Electricity accounts for 70-80% of the cost of mining Bitcoin. The April 2024 halving cut the block reward to 3.125 BTC, and even with prices above $100,000 earlier this year, many operators were already running on narrow margins. Since then, wholesale power prices in key mining regions have continued to climb. In ERCOT (Texas), the largest U.S. mining hub, average wholesale prices rose 18% year-over-year in the third quarter of 2025, according to the Electric Reliability Council of Texas. In Northern Virginia, home to both large mining operations and hyperscale cloud regions, prices jumped 13% over the same period, data from grid operator PJM show.
The U.S. Energy Information Administration now expects national wholesale power prices to increase another 8.5% in 2026, to $51 per megawatt-hour, citing demand from data centers as a primary driver. AI training and inference workloads are projected to push U.S. data-center power consumption from roughly 200 terawatt-hours in 2024 to more than 400 TWh by 2030.
Now notice: the extreme financialization implied by klepto-currency drives up electrical costs for -- let us say - the car company down the road actually producing cars, or for the farmer up the road to heat his barns and run the milking machines on his cows. And what does the klepto-currency produce? Computer blips that are bought and sold... in effect, power is being consumed to produce nothing tangible at all, only to make a very small group of people very rich. So how to increase profitability? Clip the coins, or in this case, steal some power:
Malaysia uncovers $1 billion in power theft losses from illegal crypto mining
Note the opening three paragraphs here:
- Malaysia's national utility Tenaga Nasional Berhad (TNB) has uncovered over $1.1 billion in losses from electricity stolen for crypto mining operations over roughly the past five years, amid the country's ongoing crackdown on power theft.The country's energy ministry wrote in a parliamentary filing dated Tuesday that TNB has identified 13,827 premises that illegally siphoned power to mine bitcoin and other cryptocurrencies between 2020 and August 2025. That led to losses of at least 4.57 billion ringgit ($1.1 billion).The ministry said the activity poses a serious threat to the national electric supply system and public safety, the country's economic stability. (Italicized and boldface emnphases added.)
In other words, in Malaysia, the theft of power has become so large that it is now a social, cultural, and national security problem endangering public safety. It is not merely a financial and economic problem.
And herewith we embark on yet another mad dash to the end of the speculation twig, and a somersaulting nosedive into High Octane Speculation Canyon: imagine turning this whole process of "coin clipping" over to a small class of private individuals able to build artificial intelligence "data centers" with a prior lien on public power facilities, water usage, and who are able to put said facilities into the coin clipping business? Who would know? especially if the ability to cover up the clipping were in the hands of the very same artificial intelligences doing it in the first place?
In other words, magnify the relatively small Malaysian problem to the scale of the United States or China, and their economies, and the scale of potential corruption becomes truly unmanagable and, I would suggest, so large that an actual functioning human economy becomes impossible in a kind of economic apocalypse: either that false and corrupt economy collapses and returns to a human scale with real humanity operating it, or it becomes so large and so corrupt that humans simply cannot function in it, and are "replaced" by machines that can. Humanity either goes underground in a parallel economy of its own, or simply "goes under ground" in the other, final, way.
Which brings us back to seigniorage.
Back in that day, these activities, clipping, and counterfeiting, were considered to be such a bad influence on society and culture that oftentimes the penalty for those caught engaged in the activity was death. This meant, in practice, that only the well-connected and powerful tended to engage in it, and even then, there was risk because people were executed for doing it. Sir Isaac Newton himself, in fact, when he was the warden of the Royal Mint, sent more than a few counterfeiters to the gallows, and considered it his highest duty and one of his greatest accomplishments to have done so. One other thing that the Middle Ages did, which might be worth a discussion: corporate personhood also meant that the directors of a corporation were held personally criminally liable for the criminal acts of the corporation... or is it finally time to have a long look at the notion of corporate personhood itself?
See you on the flip side...
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You make a great connection here Joseph. What if there’s a crypto-mining component to these AI data center. That might actually be the end goal and it might actually make these things profitable.
Or, like where all fiat currencies eventually go to, this massive new computing infrastructure may quickly inflate the semi-imaginary crypto currency supply until it’s worth it’s real intrinsic value of zero!
Plus, another problem to be considered, widespread power outages.
Number of Customers who lost power, in 2025 in the United State totaled: 69,950.
A Globe-Theatre production!
The fancy ship ‘Mayflower’, that carries the Pilgrim Fathers – on a New-World voyage – is aptly renamed, as the ‘Dutch Tulip Express’.
Over there, the Shakespearean Prospero becomes loftily self-important, as an airy-fairy Ariel, in a Caliban prison colony, named Freedom.
Imperial kleptocrazies require Native American resources, for the Vatican parasite, to tap into, to mint the almighty dollar, into a global ‘tulip dream’.
The Yankee-Doodle Monkey King – in the Buddha Shakyamuni’s hand – is but an obnoxious and obstinate piss ape, because ‘fallen Samaria rose in Crimea’, as the Scythio-Sakas [Saxons].
https://dl.dropboxusercontent.com/s/rtq5r7pkcbxowfi/original-settlement.jpg
BTW, Black Elk’s ‘Six Grandfathers’, and Abram’s ‘compass worldview’, is exactly the same thing – with reference, to the Genesitic ‘four rivers’, and the psalmic ‘eight tides’. (Psalms 119:164 & 119:62).
It means, that, when Yankee-Doodle goes Lakota native, in America, then he will, automatically, tap, into the original episteme of Abram & Co, and, thus bypass the Vatican’s Bible Belt hoax.
The imperial foundation is ALWAYS THE SAME ‘minting of a tulip mania dream’ – which is the Vatican’s gaslighted scam [brainwash], and, what Daniel observed, as the golden idol, in Babylon.
Yahweh-Elohim is the Scythian Odin’s two brothers, Woe & Will – and – Odin is Elijah’s Adon, defined, by the ‘runic run’, around the compass, in measuring the spin-span [Olam].
EXODUS
Moses, and his rock-and-roll band,
headed out of Egypt land,
and most gung ho
was Pharaoh,
making returning demand.
Moses gave ear to Pharaoh’s say,
who begged him to stay,
because to navigate
Bering Strait,
is too dangerous a play.
Moses replied, that he is the boss,
and he will walk across,
on a land bridge
of courage,
that Americans will toss.
Professional alcoholism heading for Bacchus congress:
https://dl.dropboxusercontent.com/s/0dbw0i29slvstmr/bering-strait-crossing.jpg
BTW, “corporate personhood” is ALWAYS established, by bringing down patriarchy, and, the instrument is ALWAYS feminism.
The female nature seeks, to swarm in synchronisation, which doesn’t produce a Narcissus, only an Echo, of an Echo.
The feminists need 100% expulsion rate, and, to achieve that, they use the pecking order, to, hysterically, attack all dissidence.
The ANSWER is Odin’s two brothers, Woe vs. Will, who symbolise the scales of law, weighing Yahweh vs. Elohim.
The epistemic rune rebus:
https://dl.dropboxusercontent.com/scl/fi/dvmgi2tbtzu0itgtyopxf/elijah-rune-rebus.jpg?rlkey=djs9pzxzr5q5s990851n13m99
What these JOKERS are up to they are trying to steal all the money on Earth, and to what end?
The True CO$T of POWER?
But what kind of power?
Political Power?
Electrical Power?
Corrupted Power?
Econpomic Power?
Military Power?
What happens when all the above power is abused?
Who suffers.
Other countries.
Your country?
Globalism?
What if globalism is the only beneficiary?
But, what kind of globalism.
One that depends on Electricity itself?
One whose, THE BE- AND END-ALL POWER: AI
$TEAL$ POWER, and/or…
RUN$ ALL THE POWER $Y$YTEM$?
Global Bio-Digital Totalitarian Technocracy?
aka, A Global BioDigital Panopticon?
In other words; pay outrageous fortune$, for your very own prison[$]?
Tho$e Government$ will have to have AI teacher$, AI warden$, and MO$T IMPORTANT?
AI MONEY, aka corporate COUPON$, aka Kepto CURRENCIE$!
THEIR AI RUNS IT ALL!
Oop$!
Your financing your own DEMI$E?
Has your government done a good job of dumbing your sorry-arse down?
The REAL QUESTION I$?
Do YOU HAVE THE POWER!
To RE$I$T!
TO FIGHT POWER, with POWER?
UIN$ING the one power; not even mentioned?
Spiritual Power.
THE SUPREME POWER of the…
The Father, The Son, and/or The HOLY Ghost.
[Just how many other ghosts are in their machine: the good, the bad, the ugly?]
A Power THEY can’t control.
A Power THEY can’t beat.
A power, THEY are trying to ERA$E from your very being.
Through every and/or any means in THEIR POWER.
Including injections and or other means…
filled with their own devilish intentions?
FINAL QUE$TION.
DO THEY OWN YOU…
LOCK, STOCK, BARREL; $OUL?
AN$WER….
NOT A $NOWBALL’$ CHANCE IN HELL!
They know…
not only do WE havel the numbers, on our side…
WE each other…
We ALL are blessed by…
THE FATHER, THE SON, THE HOLY GHOST !
AMEN!
Dear Robert, Here are three of Dr.Milacea’s books. She’s board certified in the practice of Internal Medicine, and has a PhD in Pathology. In Vol 2 of “Transhumanism”, she says that the Self-assembling nanotechnologies and hydrogels ( that were designed and introducedced by malevolent ETs, along with the Covid 19 virus, itself) in both the blood of those who got the Covid vax, as well as,those who are unvaccinated, but have been shed upon, can be cleared with a combination EDTA, a popular chelation (blood cleansing) formulation, plus a heavy dose of liposomal Vitamin C. However, she asserts that the contamination of all humanity to force us, against our will, into Transhumanism, has been so successful, that our only hope is to fall on our knees and Pray for a Divine Intervention. Amazon.com : ana maria mihalcea books https://share.google/vE9WowdxqD92hy9E5
Thank you.
I would be negligent if I failed to mention that I found Nafeez Ahmed’s 3-part telling series in another of Dr. Ana Maria’s masterful research collections, in which she alerts us to the roots of the advancing effort to transform the people of the Earth into a soulless, transhuman, android machine under the control of the AI technocrats and their off-planet rulers. https://open.substack.com/pub/anamihalceamdphd/p/declassified-cia-document-2004-state?utm_source=share&utm_medium=android&r=qjdl8
Dear Joseph, Before you hibernate for a month, could you please comment, with your high-powered speculation, on the reasons why the Sun is presently bombarding the Earth and our solar system with so many plasmoids. Could someone be tweaking the Sun to set off The Ring of Fire and erupting volcanos everywhere and their coupled tsunamis, in order to possibly offset and disrupt the arrival of the sphere called 3IAtlas? Conversely, could the Sun be inundating the Earth with Angelic energies to properly welcome Divine forces, who are, perhaps, now hurling themselves into our realm. https://youtu.be/PaUCJUy3Aes?si=fKGadgtzEl7qoAzn
Part 2 of a 3 part series by Nafeez Ahmed that compounds the acrid bile of all-things BITCOIN so carefully and clearly being presented by Dr. Farrell. (Please find parts 1 and 3, available herein) “How Epstein Saved Bitcoin-And Accessed Trump’s Tech Inner Circle” https://bylinetimes.com/2025/12/04/how-epstein-saved-bitcoin-and-accessed-trumps-tech-inner-circle/
Apparently, there are lots of Luddites still in the world. Probably always will be.