FTX crypto currency exchange CEO Sam Bankman-Fried is a major donor to multiple progressive causes and politicians. This week as FTX starts to collapse, the financial system underneath the exchange looks more like a Ponzi scheme falling apart.

The CEO had been a major donor to regulators on Capitol Hill, and the tentacles of FTX extend to Ukraine where Sam Bankman-Fried was operating to support the Ukraine government with crypto currency collections and donations. The FTX corporation and CEO Sam Bankman-Fried is now under multiple investigations.  Here’s the 90-second recap of the current dynamic. WATCH:

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(Via 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. (read more)

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There was always a strong suspicion the woke corporations were holding back negative employment intentions until after the midterm elections.

Well, as expected, the U.S. multinationals are starting to announce advanced downsizing.

(CNBC) – Tens of thousands of tech workers have been laid off within days, as tech giants including Meta, Twitter, Salesforce and others shed headcount going into the final stretch of the year. At least 20,300 U.S. tech workers were let go from their jobs in November, and more than 100,000 since the beginning of the year, according to Layoffs.fyi, which tracks layoffs in the field.

Tech workers reported huge drops in confidence in their job security through the summer, as news of layoffs, hiring freezes and rescinded offers put a damper on what’s so far been a worker-driven Covid pandemic recovery.

But the latest headlines are all converging at once as businesses course-correct on over-hiring and acknowledge how rising interest rates are thwarting their growth plans, says ZipRecruiter chief economist Julia Pollak. (more)

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Arizona gubernatorial candidate Kari Lake appears on Fox News with Tucker Carlson to discuss the insufferable and chaotic state of the Arizona election counting fiasco. {Direct Rumble Link}

Maricopa County remains the epicenter of the ridiculous exploits from election officials, including the intentional dragging out of the vote tabulation in an effort to support the Sunday Talk show narrative.  However, that said, when the final ballots are counted, it’s almost certain that Kari Lake will stand victorious despite the shenanigans of the election officials; the remaining question is by what margin. WATCH:

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Additionally in Nevada, Republican candidate Joe Lombardo has been declared the winner [data].  Republican Senate Candidate Adam Laxalt remains in the lead by 2,000 ballots/votes with 93% of the stuffing counted.   Meanwhile in Colorado, as expected, Lauren Boebert has widened her lead with 95% of ballots (and votes), counted.

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CNN’s Bob Costa reports about explosive reports from sources who have heard anonymous reports from those who might have some familiarity with reports from others who have a connection to the matter.   Things sound super cereal (source):

Also, Bob Costa 2017:

They are not even trying any more.

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They have proposed and refined so many of the carbon trading schemes, it becomes difficult to remember which iteration each new formula replaces.  Heck, I’ve lost track of how many of the individual components of the larger plan are already in place.  However, John Kerry has introduced the western elites at COP27 to the latest acceptable proposal surrounding coal fired energy.

Against the backdrop of sped-up Build Back Better urgency, this coal-based carbon trading platform is called the Energy Transition Accelerator (ETA).

When you stay elevated to the larger way the Energy Transition Accelerator works you can clearly see the transferring of wealth from your bank account to the global control mechanism that will eventually determine your energy allotment.  The companies that provide energy are simply the collectors for the fees you will pay to the World Economic Forum income disbursement group.

(Reuters) – […] The scheme, known as the Energy Transition Accelerator (ETA), was launched at the United Nations’ COP27 conference this week by John Kerry, the United States’ climate envoy, in collaboration with the Rockefeller Foundation and the Bezos Earth Fund.

[…] Voluntary carbon markets, in which companies get emissions credits in return for channeling cash to poor countries that cut their carbon output, have often been riddled with fraud and double-counting. Many critics think rich countries should just fork out the cash themselves to close coal plants – or tax fossil fuel companies to get the money. (read more)

There’s the system in a nutshell.  Energy providers must purchase emission credits from the ‘carbon market’ (govt); in the U.S. likely the EPA as they do with RIN credits.  The electricity provider puts the carbon purchase credit fee in your electricity bill.

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In semi-related election news, this is interesting.  Los Angeles District Attorney George Gascon, a man of notoriously sketchy political disposition, has dropped the charges against Konnech CEO Eugene Yu, although leaving the door open to refile charges at a later date.

Eugene Yu, the CEO of Konnech Inc, was charged last month with two felonies for allegedly violating the company’s contract with Los Angeles County and transferring election workers’ personal information along with data files to computer servers in China.

(New York Times) – […] Los Angeles County dropped criminal charges against the top executive of an elections technology company on Wednesday, bringing to an abrupt end an unusual case that became the focus of Americans who distrust the country’s electoral system.

The district attorney’s office said in a statement that it had dropped the case against the executive, Eugene Yu, because of concerns about the “pace of the investigation” and the “potential bias in the presentation” of evidence in the case. The office said the county had assembled a new team to “determine whether any criminal activity occurred.”

The prosecutors did not respond to questions about the decision. (read more)

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Perhaps a little focus on the foundation of the issue is in order.

Ever since the professional Republican apparatus decided to target, eliminate and destroy the grassroots movement known as the Tea Party, there was always going to come a time when the battle for the heart and soul of the GOP Club would take place.

CTH has been calling this battle ‘The Big Ugly‘ for around a decade.

The Big Ugly battle is essentially the fight between the grassroots working class base of MAGA voters and the professional political snobs in control of the Republican Club boardroom.

Some call it the ‘base’ -vs- the ‘establishment’.  There are other names and catchphrases, but the essence of the dynamic is the same.  A scruffy voting base, who, prior to Donald Trump, had no visible leader to represent their internal interests around the mahogany table.

Ordinary voters were in an abusive relationship with the people around the GOP boardroom.  The Club needed our votes, and our money (less so after the Citizens United decision) but had no intention of ever actually delivering on the priorities of the voters.  The Republican political establishment played Lucy with the football for years, and We The People always ended up flat on our backs, continually frustrated and feeling used.

In the same year the Tea Party rose up, the Supreme Court gave the GOP Club legal access to unlimited corporate money with the 2010 Citizens United decision.  Mitch McConnell used the newly unrestrained campaign finance mechanism to further diminish the influence of the unwashed masses and eliminate the movement; it’s all well documented.

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President Trump can see and hear the same things everyone else can see and hear, including the coordinated media and GOPe effort to diminish him and the MAGA movement within the Republican club.

The Democrats and professional Republican class both want to see the populist movement destroyed for the same reason Mitch McConnell wanted the Tea Party destroyed in 2010.  The assembly of the united middle-class and blue-collar base inside the Republican Party, essentially the broad MAGA movement, represents a Main Street threat to Wall Street control of the GOPe.

There are trillions at stake.

As Florida Governor Ron DeSantis’ megadonor and Citadel hedge fund billionaire, Ken Griffin, openly admitted recently the Wall Street goals are (1) stop the populist movement and (2) get the Republican Party back in alignment with the multinational “corporate world.”  These are the same goals of the Republican leadership in Washington DC and the same goals as the corporate media who serve as the public relations firms for Wall Street.

The collaborative group, which includes the entirety of the funding mechanism and management behind Ron DeSantis, viewed the 2022 midterm election as an opportunity to reset the Republican Party away from the populist MAGA influence.  The strategy was to roll out of the August DOJ Mar-a-Lago targeting, directly into a nationally rebranded DeSantis operation and then lead up to the 2022 midterm election.

Anything that can cast Donald Trump as a negative would be enhanced, and anything that would cast the MAGA movement as a positive would be diminished.  In part, this is the intent behind the delayed positive election results from key MAGA races in CO, WA, NV and AZ, combined with emphasis on the negative -albeit controlled- election ballot outcomes from Michigan and Pennsylvania.

At the 30,000-foot level the attacks against President Trump are, quite frankly, attacks against the MAGA populist movement represented by President Trump.

The professional political class, both DNC and RNC club members, politicians and donors, want to get back to normal political business operations in Washington DC.  The key element at the core of their concern is financial and economic control.  Again, there are trillions at stake.

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Folks, relax.  We’ve seen enough, and we’ve seen this exact playbook before.

The delayed “official results” from Colorado, Arizona and Nevada are all part of the organized narrative engineering from SoS offices, party officials (local and state) and corporate media.  It’s transparent now.

There were key “target races”, not defined for political outcomes per se’ but rather …. they were identified for official media targeting; for script writing and narrative engineering; under the guise of being identified as “key races” to sense, gauge and create a storyline for election distribution by corporate media.

In the big picture, the goal was to undermine and deflate the MAGA base represented by President Donald Trump.  2022 midterm MAGA wins downplayed and or delayed. 2022 MAGA losses overemphasized, highlighted and promoted as part of the script.  That’s what we are seeing now.  That’s all we are seeing now.

Lauren Boebert has won Colorado CD-03, exactly as I said she would at 00:32 on election night [DATA]:

The Boebert lead will continue widening until they “officially” call the race.  The delay is strictly because Lauren Boebert was an identified media/maga target, similar in construct to Marjorie Taylor Green, who won by too wide a margin to be useful for this intention.

The delays in Arizona are for the exact same reason.   All GOP wins.  Kari Lake easily won the Governor contest and Abraham Hamadeh has easily won the Arizona AG position. Slightly lesser probability, but still likely, both Blake Masters (AZ Senate) and Mark Finchem (AZ Secretary of State) will stand victorious at the end of this narrative engineering delay.

The same applies for Nevada where Republican Adam Laxalt has easily won the Senate Race and Joe Lombardo is the new Republican governor.

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The Bureau of Labor and Statistics (BLS) provides the latest data on consumer prices (inflation) [DATA HERE].  We explained in 2021 how inflation would grow on a month-over-month and year-over-year basis until the calendar became more friendly and the government officials could claim “diminished inflation growth.”  Well, we are now entering that phase of economic parseltongue.

October consumer prices increased 0.4% over September.  However, we are now comparing year-over-year (Y0Y) inflation to the period where last year’s prices had already skyrocketed, so YoY inflation seems to be moderating at 7.7%, it’s a false premise. {Go Deep}

As expected, the energy-driven consumer inflation in the food sector has arrived.  The proverbial field inflation is arriving at the fork, and the October CPI now shows the third wave of food price increases we had previously discussed.

Table 2 Details: Egg prices increased +10.1% last month and now 43% higher than last year.  Butter +1.9% last month, 26.7% for year.  Margarine +1.3% for month, 47.1% for year.  Coffee +1.3% for the month, 15.6% for the year.

Heading into baking season we find flour +0.2% for the month, +24.6% for year.  Essentially, as expected, all of the holiday foodstuffs are now rising in price as the increased field and commodity prices hit the store shelves.

Some row crops are starting to moderate in price growth, while dairy products continue rising throughout the fall season.  It is going to be painful on the checkbook grocery shopping this holiday season.

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