THE PERPETUAL COUP: UNBACKED $70B-PLUS CRYPTO POWERHOUSE USDT (OR TETHER) PUTS FTX SCANDAL IN THE SHADE (UPDATE)

A disturbing image is emerging from the fog of war on the various postmodern front lines. One of them is financial corruption, money laundering and the creation of slush funds to finance Democrat causes and election fraud. The FXT crypto scandal breaking perfectly illustrates how such a scam may work. The collapse of Sam Bankman-Fried’s cryptocurrency exchange FTX connects aid to Ukraine, Covid mandates, the WEF and dodgy Democrat Party election funding. The corrupt regime in Kiev invested US aid in FTX, that donated the money to various Democrat front groups, campaigns and other causes.

Nov. 16, 2022 War Room: Darren Beattie: FTX And Their Influence On The Democratic Party.

As promised last week Darren Beattie at Revolver News broke the news today revealing a new crypto scandal that makes FTX seem like a walk in the park.

The story you’re about to hear concerns the third-largest crypto-currency on the planet, which you’ve probably never heard of. It is a story of how a former Disney child-actor — a Jeffrey Epstein associate who was embroiled in an under-age sex scandal — bizarrely emerged as one of the world’s strangest crypto-currency moguls. It is the story that raises serious questions as to whether an entire cryptocurrency is a scam — effectively a private money-printer. And to top it all off, there is reason to believe that if this cryptocurrency is the scam that it appears to be, it will nonetheless be allowed to continue because of this particular cryptocurrency’s usefulness to intelligence agencies in funneling money to foreign rebel groups and jihadis with plausible deniability.

Source

The actual CEO of Tether is the publicity-shy chief executive Jean-Louis van der Velde. “The 58-year-old Dutch native’s career, spanning IT sales in Hong Kong, Germany’s software industry and an ailing Chinese electronics manufacturer, gave few hints of the significant role he would later assume.” (More on FT)

Tether demand skyrocketed in Ukraine right after the Russian military operation began in February of this year. Ukrainian charities made appeals for Tether-based donations.

All of this was aided by Tether’s special advantage for use in money laundering, according to Bloomberg.

The strange thing about it is that US government-backed rebels in Myanmar are using Tether as their currency of choice.  It also happens that al-Qaeda-affiliated Sunni rebel groups of Syria also just so happen to love Tether.

Tether is not just the cryptocurrency of choice for US-backed rebel groups. It has also become a favorite of drug cartels, which, according to some journalists, are deeply intertwined with U.S. three-letter agencies, including the CIA.

Update:
Senator Hawley has demanded the correspondence between federal officials and the Democrat Party.

Previously on The Perpetual Coup, FTX edition