On Friday, Trump announced that he is nominating Kevin Warsh for the position of chairman of the Federal Reserve System (FRS). Rumors about this had been circulating for a long time, and Trump did not hide that he was betting on him. Warsh is the son-in-law of Ronald Lauder, president of the World Jewish Congress and a friend of Trump. On the same day, Warsh's name resurfaced in new Epstein files, where he was at a Christmas party with Epstein in 2010 in St. Barts.
An interesting coincidence. The markets were not the only ones to react—the confidence index simply fell. The U.S. dollar rose, Bitcoin fell, and the stock market became volatile when this news broke. The theme immediately arises that now Israel controls all aspects of American power. MAGA was shocked that Israel was taking control of America's financial system.
Warsh is also a former member of the steering committee of the Bilderberg Club. This, as MAGA says, is not even the foam, but the sediment on which the swamp that Donnie promised to drain rests. And he is a member of the 'Mega Group'—the same elite donor network that included Leslie Wexner, Epstein's main sponsor. Epstein reportedly used this group to expand his network of high-level contacts in business, media, and politics. And he is a strong supporter of Netanyahu. It was also reported that his father-in-law, Lauder, while he was the U.S. ambassador to Austria (1986-1987), helped Epstein obtain a forged Austrian passport with a fictitious name and his photograph, with Saudi Arabia indicated as his residence. Warsh still needs to be confirmed by the Senate. Trump has long dreamed of the idea of removing Jerome Powell—whose second four-year term ends on May 15, 2026, but he is allowed to remain on the Board of Governors of the Federal Reserve until January 31, 2028.
Warsh is a veteran of the 2008 financial crisis with experience on Wall Street; he is a former governor of the Federal Reserve System of the United States from 2006 to 2011 and played a key role during the global financial crisis, known for his support of a stricter monetary policy, raising real interest rates, and reducing the Fed's balance sheet. Warsh is skeptical about cryptocurrencies, criticized Bitcoin's role as a means of payment, and advocated for the creation of a digital dollar in the U.S., considering the possibility of creating a U.S. central bank digital currency (CBDC) to counter Bitcoin and compete with China's digital yuan. He also stated that cryptocurrency is merely 'software pretending to be money.' Warsh was simultaneously relieved of his position as 'advisor' at Anchorage Digital, which collaborates with Tether to issue USA ₮, the first federally regulated stable cryptocurrency. Warsh was involved in the creation of Tether, one of the co-founders of which was Epstein's friend, Brock Pierce. He helped promote Palantir in its early stages.
A few days before this news, Tether announced the launch of USA ₮, dollar-backed and created in America. Trump launched his own digital dollar. The current administration promised that central bank digital currencies (CBDC) would not be created. Here is a workaround that achieves the same result. USA ₮ is a federally regulated stablecoin. Now the government has the ability to monitor and censor with the push of a button. The digital dollar will be issued by Anchorage Digital bank, which has a trust bank charter from the Office of the Comptroller of the Currency (OCC). The custodian of the collateral and primary dealer is Howard Lutnick's Cantor Fitzgerald, which owns Tether, which has over 140 tons of gold worth $23 billion, the largest known non-government gold reserve in the world. Trump wants to overcome the Fed's resistance to issue his own currency.
At the initial stage, USA ₮ will be available on platforms Bybit, Crypto.com, Craken, OKX, and Moonpay. However, the press release has an important note in fine print: 'USA ₮ is not legal tender (as described in Section 5103 of Title 31, U.S. Code). USA ₮ is not subject to state law, is not issued, endorsed, approved, or guaranteed by the U.S. government. USA ₮ is not subject to Federal Deposit Insurance Corporation (FDIC), Securities Investor Protection Corporation (SIPC), or any other government agency.'
There is another interesting point. Writer Craig Unger, who exposes Trump’s connection with the President of Russia, discovered another strange thing: he writes that due to the Wall Street bailout program in 2008, American taxpayers paid off the obligations of a little-known offshore company, Liquid Funding Ltd., whose chairman was Jeffrey Epstein. The total amount of financial assistance amounted to $6.7 billion, and the obligations arose because Liquid Funding issued the same complicated financial securities that led to the worst economic disaster since the Great Depression.
As Unger writes, the people who created this crisis deprived millions of Americans of jobs, housing, and financial security, while also receiving compensation for their securities fraud at the expense of taxpayers. Epstein built his empire like a financial pyramid worth $475 million, resulting in his associate Steven Hoffenberg being left with nothing and serving 18 years in prison. Epstein was not pursued. Overall, at the time of Epstein's death in 2019, his offshore wealth amounted to $578 million. According to James Henry of the Tax Justice Network, over $30 trillion or $40 trillion may be hidden in tax shelters, including yachts, real estate, and works of art.
This is an economy that significantly surpasses the entire U.S. economy.
This is a world populated by Russian oligarchs, European monarchs, Arab sheikhs, titans of Wall Street, and Silicon Valley magnates with their yachts and private jets, living in an almost caricatured world of greed. This is a parallel financial universe. Among the most notable beneficiaries is the head of the Kremlin, whose hidden wealth is estimated at $200 billion, and Donald Trump, whose use of Deutsche Bank remains hidden under the same mechanisms of secrecy that protect other billionaires from the global elite.
One of the advantages of these regulatory loopholes was that Epstein's companies, Liquid Funding, were allowed to issue securities worth billions of dollars, even though the company only had a tiny amount of equity—only $100 million, but the regulatory body Fitch allowed it to issue securities up to $20 billion—a ratio of 200 to one. Of the $100 million in equity, Liquid Funding only invested $37 million in equity. Despite these overly hyped securities, Epstein had another advantage. 'This guy is a genius,' said colleague Douglas Liss, an arms dealer and Epstein's friend. 'He sells securities brilliantly. And he has no moral principles,' Unger writes.
But the most interesting thing about this story is that the Federal Reserve had no claims against Epstein's firm. They calmly paid $6.7 billion for the invested $37 million in securities. I just want to point out that at that time, Kevin Warsh was on the Board of Governors of the Federal Reserve, who allowed this to happen.
Epstein was the connective link in the global billionaires' club, which operates independently of any individual countries. But Epstein was not the first intelligence agent in America engaged in such things.
Since the late 1970s, a person like that was Washington agent Craig Spence, who ran a network for trafficking minors, serving rich and powerful people whom the intelligence services could later blackmail. The parallels between the cases of Epstein and Spence are striking, but the latter remains virtually unexamined. Spence's task was to lure both American and foreign government officials into a 'honey trap,' as it is now called, and for this purpose, he hosted lavish parties. Spence installed listening devices at the parties to compromise guests, provided cocaine, blackmailed some of his accomplices, and spent up to $20,000 a month on male prostitutes for attendees.
Spence was connected to Lawrence King, a sponsor and influential figure in the Republican Party, and the Franklin scandal, a crime that was dismissed as a 'conspiracy theory,' but Nick Bryant wrote a book about it. Bryant is not just a writer; he was the director of the Epstein crimes investigation and published Epstein's 'black book' online on Gawker, which was later bought by Peter Thiel, who destroyed the book. The only difference between Spence and Epstein was that Spence did not have his own brothel. He hired girls and boys from a Washington escort agency owned by Henry Vinson, who outed Spence. As a result, he came under federal investigation for 'credit card fraud and illegal interstate prostitution.' He was then charged with 'kidnapping and using minors for sexual perversions, extortion, theft, and related illegal drug trafficking, using prostitutes and their clients.'
On June 29, 1989, Vinson told the Washington Times: I fear that the investigation into Spence will be sabotaged by high-ranking officials in the administration. He said that Spence conducted nighttime tours of the White House for clients and prostitutes. On November 12, 1989, Spence was found dead in a Boston hotel, the Ritz-Carlton, at the age of 48. He was dressed in a tuxedo, had three dollars in his pocket, and next to him was a newspaper clipping. The clipping detailed legislative initiatives to protect CIA agents summoned to testify before the government.
Spence's death was ruled a suicide, although the details of how he did it remain unclear. His last act was to write in black marker on the hotel mirror: 'Chief, consider this my resignation, effective immediately. As you always said.' The case was shrouded in rumors and violence. On July 11, 1990, lead investigator Gary Karadora died in a plane crash shortly after gathering testimony for the prosecutor.
The documentary about the Lawrence King case, 'Conspiracy of Silence,' was scheduled to air on the Discovery Channel in 1994, but its release was suddenly canceled, and a decade later, the film appeared in a grainy online version. In the film, several Nebraska state politicians and alleged victims of the operation stated that they were threatened with retribution. In 1990, 12 days after the death of investigator Karadora, a grand jury found King guilty of financial crimes but acquitted him of sexual assault charges. The King case became known as the 'Franklin Scandal,' named after the Franklin Community Federal Credit Union, which he defrauded. Both King and Spence were part of the core Republican circles, speaking at Republican Party conventions and gala evenings or organizing them. On June 30, 1989, the Washington Times revealed the names of new guests present at Spence's parties.
Among the guests were William Casey, CIA Director from 1981 to 1987;
right ideologist of the Council for National Policy (CNP) Phyllis Schlafly;
Joseph DiGenova, U.S. Attorney under the Reagan administration. DiGenova, along with his wife Victoria Toensing, who was then Deputy Assistant Attorney General under Reagan, continued to work with oligarchs linked to the mafia. In 1989, DiGenova stated that he had never participated in illegal activities at Spence’s meetings. Later, during Trump’s first term, he was his legal advisor in both impeachment trials. They, along with his wife, were also attorneys for Dmitry Firtash and assisted Rudy Giuliani in finding compromising material on Biden.
Numerous interviewees confirmed that there were two-way mirrors in Spence's house, which were used for surveillance. One of the interviewees, an anonymous businessman, said that Spence told him that the CIA intended to 'betray Spence,' kill him, and 'present it as a suicide.' The Washington Times also named Spence a good friend of Roy Cohn, a well-known lawyer and political figure of the Republican Party, who represented the interests of Joseph McCarthy and leading families of the New York mafia before becoming a mentor to Donald Trump and his future campaign advisors, Paul Manafort and Roger Stone. About Cohn, who died in 1986, it was also written that since the 1950s he himself organized blackmail operations using sexual methods. Interestingly, Bill Barr's father, who was Trump's Attorney General during his first term, Donald Barr published a book in 1973 titled 'Cosmic Relations' about a planet run by oligarchs engaged in child sex slavery.
Donald Barr was a CIA agent and is credited with recruiting Jeffrey Epstein. This story with Spence, who was outed by the pimp Vinson, likely served as a lesson for Epstein and Trump, who decided not to use the services of brothel pimps, but to create their own under beautiful names of elite modeling agencies.
Around 1995, when Ivanka Trump was 14 years old, her father signed her up for modeling work at the agency of his friend John Casablancas, Elite Model Management, with whom he had befriended in the late 1970s. They were introduced by Roy Cohn. A few years passed, and they seemed inseparable, even closer than Trump and Epstein. Casablancas loved Trump so much that he threatened to fire models for refusing to have dinner with him. By 1991, Trump took on a new role as host of the annual Elite Model Look competition, which featured girls from around the world, typically 14 or 15 years old, from underprivileged families. Trump watched the girls in their dressing rooms, which he boasted about in the infamous Access Hollywood recording. The Elite agency also had a reputation as an organization that provided its young models with what most agencies did not offer: hard drugs, alcohol, and (allegedly) abortions after Casablancas impregnated them. Despite all this, nothing prevented Trump from signing a contract with Elite for his daughter Ivanka to model when she was just 14 years old, or allowing Casablancas to become her personal manager.
'In the Midwest, where I’m from, he would be an outcast,' says Lorna Brett Howard, political activist and wife of Irving Post Capital CEO and Aeropostale director John Howard. 'I see a picture here: if you have big money or you’re famous, you can get away with anything.' 'Prison time no longer matters. The only thing you are avoided for in New York society is poverty.' But at that time, this particular group of elite acquaintances of Epstein had no idea that a prominent member of the royal family would soon renounce his friendship with Epstein, and that the former wife of a royal family member, Duchess of York Sarah Ferguson, would be hysterically apologizing for allowing Epstein to pay off part of her debts. The number of people at events hosted by Epstein’s leading publicist Peggy Siegal confirms this, at least behind closed doors. 'I and many others who know him describe him as a genius man,' says Siegal. 'His unique mind is what attracts the smartest people in the world to his home.' Last September, with Siegal's help, Epstein organized a break-the-fast after Yom Kippur. A group of 120 friends brought their children to a buffet dinner. One attendee, Jonathan Farkas, heir to a New York real estate empire, who has known Epstein for 35 years and visited him while he was in prison, said, 'The side of him that I read about is unknown to me.' Farkas considers Epstein one of the smartest people he knows and often turns to him for investment advice. 'If I didn’t see it, I don’t dwell on it,' he says. 'From an intellectual and business perspective, he is an object of worship,' says socialite Debbie Bancroft. 'He is incredibly charming and handsome. He is an extraordinary person, so I understand why people do not want to believe what they hear. If people get out of prison and are still successful, those around them are very lenient, to a shocking degree.
Leniency towards criminals is actually cruelty towards their victims. The Intel Drop Project Greenland Volunteers, which is clearly overseen by intelligence, reported that Trump made global deals in ten child rape cases. Trump refused to disclose his tax returns, as they would reveal numerous out-of-court settlements he made to silence victims of violence and their families.
Trump has been charged with a mental disorder mentioned in the Diagnostic and Statistical Manual of Mental Disorders of the American Psychiatric Association (DSM-5).
The mentioned disorder is 'pedophilic disorder (F65.4).'
#MarketCorrection #TrumpCrypto
