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Is the Crypto Ponzi Scheme Finally Coming to an End?

Three years ago, in early November of 2022, one of the largest financial scams of all time was unfolding when the equivalent of a “bank run” happened when the crypto exchange FTX saw $6 billion of withdrawals in a 72-hour span. Many investors,  including Blackrock and celebrity athletes such as Stephen Curry and Tom Brady, lost hundreds of millions of dollars almost overnight. Billionaire Sam Bankman-Fried, who was ranked the 41st-richest American in the Forbes 400, saw his fortune evaporate almost overnight, and now sits in a federal prison serving out his 25-year criminal conviction for fraud. Further reporting about Sam Bankman-Fried and FTX claimed massive corruption with things like money laundering occurring in Ukraine, as well as the lavish lifestyle of Sam Bankman-Fried and his FTX cohorts participating in sexual orgies. When this happened three years ago, Big Tech was in a free fall laying off hundreds of thousands of employees. Tesla was facing a U.S. criminal probe, and many of the giant automakers, such as Ford and Volkswagen, cut off funding for their "autonomous" self-driving vehicles. I was calling this major downturn in Big Tech investing back then as the Big Tech Crash of 2022. But a couple of weeks after the fall of FTX, something happened to direct the public's attention away from this massive corruption in Crypto Land: the release of OpenAI's ChatGPT via Microsoft, which quickly became the most downloaded app in history, and launched the current AI Bubble in spending. There were still what appeared to be some ripple effects of the great FTX crash in 2022 in March of 2023, when several Big Tech banks, such as Silicon Valley bank, failed due to bank runs. Today, some Wall Street analysts are apparently beginning to see the realities of the crypto financial world, and are sounding the alarm. They are saying that crypto currencies' best days may now be behind us. David Weidner of MarketWatch reminds us that many investors today "are young and inexperienced," and that they "listen to confident voices" on social media too much.

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Are Cryptocurrencies Dying? The Big Tech Collapse Draws Closer with a “Crypto Winter” Approaching

Donald Trump was swept into power in the November 2024 elections funded to a large extent by Silicon Valley billionaires. In return for their support, Trump appointed JD Vance, who was handpicked by Silicon Valley as the Vice President. JD Vance is a disciple of Peter Thiel, who along with Elon Musk founded PayPal as part of the PayPal Mafia. Big Tech has been a huge part of Trump's 2.0 Presidency, as we have seen here in 2025 with the push to make cryptocurrencies a larger part of the U.S. and worldwide financial system. Before the end of the first quarter in March of 2025, the Trump family started their own cryptocurrency financial network to challenge traditional banking, called "World Liberty Financial." However, the most common way people use cryptocurrency today is through selling and buying it like an asset, which is why Blackrock and other giant Wall Street investors have created their own hedge funds around the price of cryptocurrencies. To truly replace banks and become an entirely new financial system, crypto has to be used in financial transactions in places like the retail sector, where currently the credit card companies (Visa, Mastercard, etc.), backed by FDIC insured bank accounts, still dominate. So in August this year, the Trump family-owned World Liberty Financial purchased a publicly traded Canadian company, Alt5 Sigma, giving World Liberty Financial a public stock listing in the U.S., and giving them an existing platform where cryptocurrencies were already being used for online payments in ecommerce stores and gaming sites. Fast forward to today as we near the end of 2025, and things are not going well for Trump's new crypto financial system, or its investors, as their value has plummeted. It is not surprising that the Trump family's desire to create a financial system that would replace traditional banking with cryptocurrency has failed, forcing them to pivot to using cryptocurrencies as investment assets instead, just as the Wall Street hedge fund managers are doing. To gain any traction in the payments sector and replace credit cards, consumers need to use it. And overwhelmingly in the U.S., consumers are NOT buying it, and prefer to stick with traditional banking and credit cards. According to a Pew Research Center survey last year, in 2024, only 17% of U.S. adults say they have ever invested in, traded or used a cryptocurrency. They also report that this number remained roughly unchanged since 2021, and it has not changed much here in 2025 either. The American consumer still has more power than they realize....

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Crypto Takedown Accelerates as World’s Largest Cryptocurrency Exchange Binance Sued by U.S. Government

It is looking more and more each passing day that the U.S. financial system is speeding into a consolidation of the Big Banks, as their war against cryptocurrencies appears to be now accelerating. It was announced today that Binance, the world’s largest cryptocurrency exchange, along with their Chief Executive Officer Changpeng Zhao, are being sued by the US Government. The lawsuit was filed by the US Commodity Futures Trading Commission for "Willful Evasion of Federal Law and Operating an Illegal Digital Asset Derivatives Exchange." This follows a report last week, that Coinbase, the largest cryptocurrency exchange in the U.S., is also being threatened with a lawsuit by the Securities and Exchange Commission. With the Davos Crowd's financial system on the brink of ruin, they are doing everything they can to stop of the flow of bank runs and the exit of cash from their banks, such as into cryptocurrencies. How much longer can the Davos Crowd keep propping up their failing banks? Swiss Banks were once considered the safest place to stash wealth by the "elites" of Western Culture. But now some are calling Switzerland a "Banana Republic" after the raid on pension funds and the collapse of Switzerland's second largest bank.

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New York Federal Reserve Bank Announces Test of Digital Dollar with Major Banks

Here we go. In just one week since the fall of FTX and the upheaval of the private cryptocurrency world, the New York Federal Reserve announced today that it was starting a trial run of a "digital dollar" with several major banks. I expect that the plans to move towards a Central Bank Digital Currency will pick up speed now, using the FTX scandal as an excuse to start regulating all digital currency. This is another step towards The Great Reset.

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Here Are All The Funds That Are About To Lose $BILLIONS In FTX

Now that the world's largest crypto exchange, Binance, has walked away from a bailout of world's second-largest crypto exchange, FTX, but biggest ever crypto fraud - far bigger than MtGOX ever was, here is a list of all the "luminary" investors whose money in FTX is now gone... all gone.

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Crypto Currency Billionaire Loses Fortune Almost Overnight as Crypto Ponzi Business Exposed – The Beginning of the Great Reset?

November 8, 2022 will obviously be remembered in history as the day of the U.S. mid-term elections, but could another event that happened yesterday eclipse even the national elections? Earlier this year I warned that cryptocurrencies were NOT safe havens to protect financial wealth, when Coinbase, the largest US crypto exchange service, announced that they had cut off 25,000 Russian wallets. As I noted then, I have never felt comfortable putting major resources into cryptocurrencies for several reasons, the most obvious one being that it is dependent upon “the system,” which requires, among other things, electricity and a working Internet. New problems with cryptocurrencies were exposed yesterday, when the equivalent of a "bank run" happened when crypto exchange FTX saw $6 billion of withdrawals in a 72-hour span, resulting in them reportedly stopping the process of withdrawals yesterday.  Some big investors, including Blackrock and celebrity athletes including Stephen Curry and Tom Brady, were heavily invested in FTX. Sam Bankman-Fried, once featured on the cover of Fortune Magazine as potentially the next "Warren Buffet," and has now reportedly lost 94% of his $16 billion fortune, may be better compared to Bernie Madoff, as ZeroHedge News found an interview he did a few months ago where he admitted that crypto yield farming is basically a Ponzi business. The big question now is when will the other big Ponzi scheme rupture, the New York Stock Exchange, sending the U.S. and probably the rest of the world into financial ruins and usher in the Great Reset?

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Crypto Currency Crash: $300 Billion in Market Value Lost Last Week

Crypto was in full-blown crash mode last week, wiping out more than $300 billion in market value. TerraUSD, a so-called stablecoin that is supposed to trade at a “stable” $1 value, crashed to a few cents on the dollar. Its sister cryptocurrency, Luna, likewise imploded. Then there was Bitcoin, which Warren Buffett has called “rat poison squared.” Bitcoin plunged further last week and is now down more than 30 percent year-to-date. So much for the hype that it would be an inflation hedge like gold.

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Crypto Currency WARNING! Coinbase Cuts Off 25K Russian Wallets!

I have a digital wallet and have explored digital currencies in the past. But I have never felt comfortable putting major resources into cryptocurrencies for several reasons, the most obvious one being that it is dependent upon "the system," which requires, among other things, electricity and a working Internet. That alone is cause for red flags, but today the whole world can now know that cryptocurrencies are NOT a safe haven, as Coinbase, the largest US crypto exchange service, announced that they have cut off 25,000 Russian wallets. Apparently Binance will be doing the same thing. This follows news yesterday that Bitcoin and other cryptocurrencies lost value after reports "that President Joe Biden is set to sign a long-awaited executive order this week that will outline the U.S. government’s strategy for cryptocurrencies."

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