The shock waves from FTX’s free fall have rippled across the public health world, where numerous leaders in pandemic-preparedness had received funds from FTX funders or were seeking donations.In other words, the “public health world” wanted more chances to say: “Give me money so I can keep advocating to lock more people down!” Alas, the collapse of the exchange, which reportedly holds a mere 0.001% of the assets it once claimed to have, makes that impossible. Among the organizations most affected is Guarding Against Pandemics, the advocacy group headed by Gabe that took out millions in ads to back the Biden administration’s push for $30 billion in funding. As Influence Watch notes: “Guarding Against Pandemics is a left-leaning advocacy group created in 2020 to support legislation that increases government investment in pandemic prevention plans.” Truly it gets worse:
FTX-backed projects ranged from $12 million to champion a California ballot initiative to strengthen public health programs and detect emerging virus threats (amid lackluster support, the measure was punted to 2024), to investing more than $11 million on the unsuccessful congressional primary campaign of an Oregon biosecurity expert, and even a $150,000 grant to help Moncef Slaoui, scientific adviser for the Trump administration’s “Operation Warp Speed” vaccine accelerator, write his memoir. Leaders of the FTX Future Fund, a spinoff foundation that committed more than $25 million to preventing bio-risks, resigned in an open letter last Thursday, acknowledging that some donations from the organization are on hold.And worse:
The FTX Future Fund’s commitments included $10 million to HelixNano, a biotech start-up seeking to develop a next-generation coronavirus vaccine; $250,000 to a University of Ottawa scientist researching how to eradicate viruses from plastic surfaces; and $175,000 to support a recent law school graduate’s job at the Johns Hopkins Center for Health Security. “Overall, the Future Fund was a force for good,” said Tom Inglesby, who leads the Johns Hopkins center, lamenting the fund’s collapse. “The work they were doing was really trying to get people to think long-term … to build pandemic preparedness, to diminish the risks of biological threats.”More:
Guarding Against Pandemics spent more than $1 million on lobbying Capitol Hill and the White House over the past year, hired at least 26 lobbyists to advocate for a still-pending bipartisan pandemic plan in Congress and other issues, and ran advertisements backing legislation that included pandemic-preparedness funding. Protect Our Future, a political action committee backed by the Bankman-Fried brothers, spent about $28 million this congressional cycle on Democratic candidates “who will be champions for pandemic prevention,” according to the group’s webpage.I think you get the idea. This is all a racket. FTX, founded in 2019 following Biden’s announcement of his bid for the presidency, by the son of the co-founder of a major Democrat Party political action committee called Mind the Gap, was nothing but a magic-bean Ponzi scheme. It seized on the lockdowns for political, media, and academic cover. Its economic rationale was as nonexistent as its books. The first auditor to have a look has written:
“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented.”It was the worst example of a phony perpetual-motion machine: a token to back a company that itself was backed by the token, which in turn was backed by nothing but political fashion and woke ideology that roped in Larry David, Tom Brady, Katy Perry, Tony Blair, and Bill Clinton to provide a cloak of legitimacy. [caption id="" align="alignnone" width="679"] Tony Blair, Bill Clinton, and Sam Bankman-Fried in the Bahamas April 2022[/caption] And you can’t make this stuff up anymore: FTX had a close relationship with the World Economic Forum and was the favored crypto exchange of the Ukrainian government. It looks for all the world like the money-laundering operation of the Democratic National Committee and the entire lockdown lobby. Read more at: JoelSHirschhorn.Substack.com
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