Hey there cryptopunks, just for being anywhere NEAR the fabulous bootstrapping Publish0x we love y'all, along with your blockchain beliefs and pals & fams!!!

The undisputed heavyweight champ of the old guard financial press, the Financial Times, wages its war on the have-nots article after article.  There must be a bonus paid for the most negative bitcoin story FT writers can cook up each week! Here is our girl Gillian dumping again on crypto, with a cover lead about central banks loving blockchain.  Dear readers recall we ( and apparently the free world) think CDBCs are pure evil, fiat rat poison cubed.  And remember now, Gillian purports to dispense the truth in her "Moral Money" newsletter ( that's a mouthful when ya believe in Fiat, G!!!)

TL;DR?  yes baby yes. 

First Gillian  laughs at how Davos was filled with "sneers" about ponzi schemes, and  plastered with crypto ads bought before "crypto winter" struck.  Don't you worry about Coinbase going bankrupt, lady.  She then admits central bankers led by China love the thought of CDBC total control but most westerners won't have it.   Next , some central banker jokes - Neto, the Brazilian central banker says flying with cash is way better than SWIFT.  Then the central bankers love that only THEY should be able to use crypto BETWEEN EACH OTHER!!  We thought it was yet another joke but the French central banker bragged that "we have done nine experiments"!!!  Wowie zowie, NINE?? So proud of you Francois,  why that's almost as many trades as a beginning Coin Pot enthusiast!! 

Anyway, Gillian's kicker??  Ha ha ha, ner ner ner ner bitcoiners think central banks can no longer hoard monetary power.  But instead, blockchain is reconsolidating the establishment institutions!  "The Davos elite is usurping the dream" (!!!!??!!) GTF outta here with that weak chit, that nightmare,  lady c'mon. 

Same paper, same day - Sam Bankman Fried goes to Washington to bring leveraged futures markets into this century.  What does he get from the FT's steely knives?? A: wall street cliche number seventeen - "three guesses and the first two don't even count pal"

Oh, blah blah blah, the FT thinks the farmers need the exact current system for some strange purely coincidental reason.  Now, in classic form, the real story from the sycophants at the FT is the dog that did NOT bark - they never criticize the status quo.   As counterpoint one would think this would be kinda a damn reasonable time for our boy Gary to mention current news - the abysmal, horrid current massive FAIL at the venerable ( read: antiquated and corrupt ) LME, the London Merch Exchange.  Which recently screwed the poodle  in the nickel markets, we mean they shit the bed, locked up, shut down FOR A FREAKING WEEK and  shamefully CANCELLED COMPLETED TRADES in order to favor ( sorry, should say "favour") their bigger clients.   All Sam Fried is saying is maybe auto-liquidation might be a tad better.  Also no mention of the moral risk - maybe just maybe TsingShan Holding group should NOT have been short ONE OF EVERY EIGHT nickel contracts in the world !!??!!?? (and maybe TsingShan WOULD NOT HAVE been so short if they had to put up real collateral that would be auto liquidated. )

Personally?  If we are invoking farmers and morality, Gary could mention how  Jon Corzine destroyed the venerable MF Global, founded in 1787 and bankrupt in 2011.  After Lehman fell, other banks rushed to step up to try and sling Treasuries.  We worked for a firm selling fixed income desk analytics and remember watching that weasel walk around the MF Trading trading floor in the AM, wondering how the eff a Goldman CEO could be elected as a champion for the little people ???  Our doubts were further drowned when Jon stole a billion or two from THE CLIENT'S ACCOUNTS!!! crashing MF Global ( and we lost the account which crashed my raise.)  In a classic wall street  BSD ( big swinging dick) style, Jon was betting on some overseas bond movement. When the trade went against him, Jon did a GD Texas Hedge, doubled down and tried to ride it out.  Only he wasn't at deep pocketed Goverment Sachs anymore, so he had to force MF's treasurer to "borrow"  client money.   

Please understand the actual typical MF Global client was an american farmer with literally 71,000 USD to his or her name, trying to hedge for planting crops, thrown under the bus and turned into a bug smear on the windshield of a Wall Street power play.   Oh ya ya ya years later most of the funds were returned, many seasons too late to help many a small farmer.  What hurt our "moral money" feelings was no one ever faced a criminal charge.  Jon tried to make the CFO take the fall, she refused and said she would take Corzine with her, and that doesn't happen to ex Senators.  Despite evidence that the crime had been ongoing for some time, and evidence that Jon had to have approved it, the CFTC said it was all an honest mistake ( ROFL!!! ) Jon got a wristslap for pocket change.  The farmers were truly hung out to dry. And now the FT thinks we should think Sam Bankman Fried is a menace to society.  

Moving on -  same issue - check this headline.

Here we have a well established, "serious" journalist, who indeed looks like she hasn't missed a meal since, well, ever.  TL;DR?  damn straight.  It's  "hard to offer any solutions" to the crypto crash.  Really ?  not diversification, not don't use leverage, not DYOR, not use a gambler's stake, etc etc?  NO solutions??  Nope, just "what recourse do you have if you lose all your money?  Correct answer: none. "  No chit lady, what was your first clue??  Tut tut, clutch mah pearls -- She just doesn't understand why these damn kids won't listen.  Well, lady, flip a couple of pages thru the mag. 

Oh look, here's a big story on "with profit" funds, a "murky" investment,  sold entirely for commission,  famed for high costs and low performance.  Our heros Mark and Mandy  are complaining to the "Pension Ombudsman. " Their 35 year investment is now HALF what it should be - what their friends have in the same investment elsewhere - due to undisclosed fees and charges over the years.   Two years later?  They still don't have a breakout of the fees.  Ya the system's working great for them. What's another big story oh ya Klarna, the giant buy now pay later usury company is firing people while ramping up ops, or if that's too subtle or depressing for your massive knowledge, here's the cover boy of the issue

Yes, the current financial engineering has stripped all the future value of everything through debasing fiat.  Including this kid's future.  Dear readers know we love to close with a brutal graph.  Hey lady, ya still don't unnerstand why everyone doesn't want to tuck up for your crumbs of wisdom?  Try looking at the model's face, or look your own publication's picture of the load this generation faces:

yes that's it.  In between ( fiat )  inflation slamming young renters, and student loans increasing, we see the average youth working the average job,  trying to buy the average house, is more savagely averagely screwed that anyone since, well, since the UK has stats like that,  pushing 100 years.  Trust him lady, he knows he could lose it all.   He just dreams that someday, maybe, like you, he COULD HAVE  something to lose...

Peace love & zoom out, 

Dave