The world isn’t really a meritocracy — otherwise someone other than extraordinarily tainted man-atop-Pizzagate John Podesta would have been chosen as the White House’s climate policy advisor… maybe someone with, say, a background of some kind in climate science rather than a background in writing creepy boomer emails about slices of pizza…
so, we know that part, not a meritocracy here on troubled planet Earth. Not in the West, and certainly not in the communistic East.
But occasionally God throws curveballs — the twists of fate have a way of humbling us all at the most unexpected moments, don’t they?
Fiat banking overlord Evelyn de Rothschild, husband of feared politico Lynn Forester de Rothschild, dead at 91 earlier today according to the NYTimes and others.
These old creeps sure do seem to be showing themselves out of the building with a degree of haste lately. Old age gets the best — and wealthiest — of us, sooner or later.
All the more reason to be good, always do your best, and get the full FULCRUM newsletter from yours truly if you don’t yet. Money was meant to be spent on things you enjoy, and things you need. The newsletter is something you may need, but you will definitely enjoy it. fulcrumnews.com/subscribe for more info.
In other fateful news, crypto boss Sam Bankman-Fried — head of major exchange FTX — has reportedly lost between 70 to 94 percent of his wealth in recent days, according to media reports. His exchange was hit with a complex “bank run” type scenario according to the reports, which saw liquidity drain from the exchange, at the same time as Bankman-Fried’s own wealth was deflated by a recent decrease in BTC spot price.
The fried Bankman is reportedly in talks to sell FTX off to rival Binance.
At day’s end, if you fly too close to that US dollar / euro cartel, you seem to always end up in flames. Bankman-Fried was, until just days ago, often branded as the “establishment friendly” and risk averse face of crypto.
He may still be establishment friendly, but now he is also (reportedly) quite broke.
Crypto is — for better or worse — still the Wild West of financial tech. The wreckage is always down below for all to see, and now Bankman-Fried joins that ignoble list of once high fliers rekt by crypto’s vicissitudes.
But never forget that the possibility of great heights drive us survivors onward, and we’ll never give up until we get there. If it’s not in 2022, it’ll be in 2023… if not 2023, perhaps 2024 or 2025… and so on, and so forth.
I see that crypto and FULCRUM future, now it’s just a matter of when. Not if.
But not financial advice, and not a legal guarantee of any kind.