Monday, November 14, 2022

No Case by Case Detail Needed

In recent days the crypto company FTX went bust. The company was possibly setup as a fraud. It's possibly connected to the democrat party and even Ukraine money laundering. It was reportedly paying social media influencers $50,000 PER MONTH to promote it. It had famous investors and spokespeople like Tom Brady. The principles of the company possibly stole billions of "investor" (aka sucker) money. In just my life time, there have been maybe 10 complete blow out financial collapses going back to the Savings & Loan "crisis" of the 80s. People are loathe to draw any big picture conclusions about finance based on this constant chaos, though. They seem to believe each case is unique.

Even worse, they will imagine that a criminal who is on "their side" politically is somehow OK. Apple, for example, employs Chinese slave labor companies to make products, but they promote gay stuff.

There are historical examples of egregious behavior, like the story of lead in gasoline. Leaded gasoline benefited famous wealthy families like the Rockefeller and DuPont family. Their businesses systematically promoted lead in gasoline with full awareness of its dangers, and attacked critics.

For some reason, people are loathe to draw conclusions about these patterns.

The vaccine story is slowly unfolding along similar lines. There's some evidence that the vaccines cause various dangerous side effects, like heart damage, and maybe even cancer. The companies and government will lie, stonewall, and attack anybody who presents that evidence.

Even if the evidence eventually comes out and is overwhelming, the public won't draw any overall conclusion. It's fucking weird.


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