Posts Tagged ‘manipulation’

Bitcoin Is Organized Crime

June 14, 2018

I have explained in the past what is fundamentally wrong with Bitcoin and other cryptocurrencies: a currency is actually an expression of military and judicial might. A currency needs a state, or states, to back it up, and is a tool thereof: a state, or union of states, can exist without a currency, not reciprocally

Another problem with the concept of bitcoin is that crypto currencies rest on the the “blockchain”, a perfectly inefficient, energy devouring and thus ecologically criminal, idiotic technology… Which could be useful only if information and computation were ecologically free (instead I have proposed “AWE”… which is ultimate efficiency).

Indeed, the “blockchain” records all transactions everywhere, anytime… instead of some transactions by trusted actors. Bitcoin fanatics say they have a right to ravage the planet, because they don’t trust those “trusted” actors. Well, neither do I I say: make the actors (governments, and their agents, the banks) more trustworthy.

Bitcoiners have also insisted their activity was beyond any suspicion, it’s honest, it’s new age, it’s a new dawn, the geek world, better than anything the Greeks offered… Helpful bitcoiners sent me messages offering to educate me, in all sorts of ways. All this, in total violation of the simplest observation of the Bitcoin graph, which looks like a Tulip Mania. Just worse:

Market Capitalization of Cryptocurrencies dropped by ⅔, generating more than 200 billion dollars of losses.

And indeed, turning things on their heads, there is a new reason to criticize bitcoin and other cryptocurrencies: they are manipulated by organized crime. Bitcoin enthusiasts may counterpunch that central banks are organized crime; well, I agree, and wrote so for more than a decade; however, it’s not because Rome is on fire that one should start new fires! Bitcoin enthusiasts should go the way of Nero.


  • New research observes that at least half of the 2017 rise in bitcoin prices was due to coordinated price manipulation using another cryptocurrency called tether.
  • The 66-page paper says tether was used to buy bitcoin at carefully selected moments when it was declining, which helped “stabilize and manipulate” the cryptocurrency’s price.
  • In general I research things that are potentially illegal, and there’s a lot of rumors surrounding potential questionable activity in cryptocurrencies,” says University of Texas finance professor John Griffin, who has a decade-long track record of flagging fraud in financial markets.

Here is the paper’s abstract:

John M. Griffin

University of Texas at Austin – Department of Finance

Amin Shams

University of Texas at Austin – Department of Finance

Date Written: June 13, 2018


This paper investigates whether Tether, a digital currency pegged to U.S. dollars, influences Bitcoin and other cryptocurrency prices during the recent boom. Using algorithms to analyze the blockchain data, we find that purchases with Tether are timed following market downturns and result in sizable increases in Bitcoin prices. Less than 1% of hours with such heavy Tether transactions are associated with 50% of the meteoric rise in Bitcoin and 64% of other top cryptocurrencies. The flow clusters below round prices, induces asymmetric autocorrelations in Bitcoin, and suggests incomplete Tether backing before month-ends. These patterns cannot be explained by investor demand proxies but are most consistent with the supply-based hypothesis where Tether is used to provide price support and manipulate cryptocurrency prices.

Keywords: Blockchain, Cryptocurrencies, Bitcoin Prices, Tether

Suggested Citation:

Griffin, John M. and Shams, Amin, Is Bitcoin Really Un-Tethered? (June 13, 2018). Available at SSRN:


Why was Bitcoin Organized geek Crime tolerated? Because those one bought, one owns! 

All this was long obvious. As it was that organized crime used Bitcoin (didn’t just manipulate it). A high level contractor of Google told me the government (under Obama) was perfectly aware, but let it run its course. That may look strange. But not so, once one has realized that the government knows that conventional banking is organized crime, a major engine of inequality, worldwide: bankers create money, and they create it, for their friends.

By letting Bitcoin run its perverse criminal course, many geeks made lots of money, getting ethically very dirty in the process, while growing in power and influence by leaps and bounds. Same general strategy as with holding the world economy hostage of monopolies (GAFA, FANG, etc.): all these dirty, wealthy people are now stakeholders in the engine of criminal inequality. Organized criminality got them there, and their now criminally confirmed minds make them most qualified to help run the world… as the little soldiers of dirt. They are all accomplices in crime, so they will shut up, cooperate, and subjugate. Thus geeks may as well implement the system, they are not just crucial to the system… They are it (or so they think, and thus will thereafter behave as the true holders of power want them to).

When Augustus seized the Roman Republic, and made it his personal thing, he was not alone: several millions stakeholders (mostly having to do with the Roman army, its suppliers, accomplices, etc.) were helping him out. He had cultivated them carefully. Same now.


Patrice Ayme

Emotions Are Not Free

December 27, 2013

People say: ”Oh, we are free to think and feel as we see fit!” But this is not true in several deep, even brutal, unavoidable, ways, many of them hidden. Elites have always known that hearts are the core of what needs to be controlled. On this their power rests, since before there were pyramids, and they stood.

Only 7,000 Gestapo agents watched 80 million Germans. Hitler could not have held Germany with them alone. So how did Hitler do it? With very strong emotions.

Pascal famously said: “Le Coeur a ses raisons que la Raison n’a point.” Those reasons of the heart deserve to be known, not just because they are reasons, too, and not just because they dictate to rationality itself, but also because they can be manipulated in ways that ought to be, and are already partly, made unlawful.

Instead of denying that there is spiritual and emotional control out there, as the meek insist, I propose to embrace control… be it only to dissect it with gusto.

Throughout the reigns of Clinton, Bush II, and Obama, “progressives” and “liberals” have been played like violins. It has not been much better in Europe.

In both cases, the People was persuaded to engage in public service by forking public money to private banks so that the hyper rich could stay hyper rich (it was done with semantic smokes and mirrors. To this day, most of We The People understands nothing to what happened).

How was We The People made so blind? To start with, even indignation was in short supply.

Pulling at their heart strings of We The People just so, enabled ever increasing plutocratization. That’s done by hammering continually the fallacious association between bad economy, and deficits. And thus impregnating the emotion, in the public, that public spending is bad (and thus implicitly that the rich ought to go tax-free).

How hearts can be bent out of their natural shape.

A well-known saying is that one person’s freedom ends where another nose’s starts. But that’s not so easy: after all, just threatening to hit someone else is an assault. Also what about public nose, public space, etc.? Are plutocrats not infringing on everybody’s public space when they made society so that only their money is endowed with power?

In any case, all and any law controls actions. However, controlling emotions and thoughts is just controlling the origin of actions.

The best minds of the (French) Republic, after a monster fight to death with racial mass murdering fascism of the demented type, in the period 1914-1945, were confronted to a paradox: Germany was, in 1900, the most literate country in the world. However enough of the German population got maneuvered into beastly madness to make their nation the tool of monstrosity.

What went wrong? The heart. German hearts had been taught wrong. Nietzsche screamed this from every roof top, by 1888, and before. A teenager such as Einstein fully agreed, and fled Germany (Einstein the rebel, later did enough discoveries for 4 or 5 Nobel Prizes in physics, most of them for work in… Quantum Physics).

German hearts had been bent out of shape by the plutocrats who owned Germany (enabled by a somewhat self-destructive alliance-symbiosis with various Anglo-American plutocrats).

Starting even before the World War was finished, many medium level intellectuals in France deduced that an example had to be made, to strike the hearts even more than the certainly grandiose, but somewhat suicidal, Republic’s attack against Hitler in September 1939.

So the French Republic executed more than 40,000 Nazi collaborators, with a judicial ferocity that even republican Rome never knew. But not just this. Anti-hatred laws were passed.

Some will object: ”Wait, they execute all these collaborators, and then pass anti-hatred laws? Is not that self contradictory?” No. You see, the collaborators were guilty. Those they killed were innocent. Anti-hatred laws are against the killing mood. Killing killers is also a way to kill the same killing mood, especially for future reference.

So let’s recapitulate: the criminal insanity that gripped Germany, a pure product of plutocratic control, was a case of total manipulation of the deepest heart strings. The same happened in places such as the USSR, where dozens of millions were killed because of the emotional deformation of common moujiks.

One could see something similar in the USA when G.W. Bush launched his legion in a war of aggression in Iraq. It was a time when most citizens of the USA goose stepped behind Bush, just because an employee of the CIA, Bin Laden, had killed .1% of the number of individuals that the actions of Carter had killed in Afghanistan. Of course that made no emotional sense: the USA had started it all, and pursued it all, and taught Bin Laden the nastiest ways. Instead of marching to Baghdad, justice ought to have marched to Washington.

Yet, just as German hearts had been taught it was all the fault of the Jews, and Russians, that of the Capitalists (whatever that is), the Americans got emotionally persuaded that it was all the fault of Bin Laden’s enemy, Saddam Hussein (whatever “it” was).

So hearts are already getting manipulated. It’s high time that justice gets to see how lawful those manipulations are. It’s all a question of manipulating hearts for the best. As it is already done, all too often, for the worst.

For example the fossil fuels plutocrats have made the public in many Anglo countries (USA, Canada, Australia), hysterical CO2 deniers. How? The fossil fuel maniacs spent enough money to incite heart manipulators to teach the right notion. Hence a new religion, climate denial. A religion made to serve the likes of the Koch brothers, mighty plutocrats them all.

As long as the emotion that there is nothing wrong with fossil fuels, and CO2 reigns, it will be hard to do anything serious against the CO2 mania. How to feel right about it? Well, maybe by realizing that spewing CO2 is a form of hatred. And there the law can help.

Hatred is an emotion, but it is not a free emotion anymore. It is an emotion under watch, that can be struck by the law.  

Hate speech has become criminal, even in the USA. The fact such laws were duplicated from France does not make them any less American. Total freedom of expressed emotions is already a thing of the past, and rightly so.

I have no problem doing the same at the United Nations, and even using anti-hate laws as a ram against customs that I don’t like (such as circumcision, or regimes that are too satanic). So it’s a matter of legislating my superior taste… ;-)!

Some, such as Tom Alex, a contributor to the comments on this site, have objected that: “How can feelings be criminal? This is absolute totalitarianism, where the state -and actually a FOREIGN state- believes it can and should have a say and furthermore control and penalize feelings through some judge. Plutocrats would absolutely love that. Been fired and have hard feelings towards your ex-boss? You’re a hateful ****, and should go to jail. Posting against plutocrats? You’re spreading hate.”

The origin of Tom Alex’s worries were my approval of the indictment of Bob Dylan for “public insult and incitation to hatred, for comparing (existing, innocent) Croats to (dead) Nazis, and justifying a hatred (existing) Serbs are supposed to “sense” when exposed to their “blood”, the usual recital of those who want to justify hateful antagonistic atavism.

A few points: one can have all the feelings and thoughts one wants. The problem is PUBLICLY EXPRESSED hateful emotions, of the UNJUSTIFIED type.

Thus, the devil is in the details. I am going to come out with a stridently hateful (some will say) essay against (the hateful gross and mass murdering friendly leadership of) Japan. I don’t mind, it’s the exact target of that mental torpedoes volley. What I will publicly say is both true and justified. That makes it completely different.

Zola went to jail, big time, during the Dreyfus affair for the famous “J’Accuse!”. In it, him, and other top intellectuals, accused publicly the elite of the French Republic of a criminal conspiracy. Well, they were right. Ultimately, everybody got exonerated, starting with Captain (later Colonel) Dreyfus. More than that: anti-Judaism in France got lethally wounded (this is why most Jews in France survived WWII’s Gestapo, whereas nearly all Dutch Jews died).

If I suggest that French and Croat Nazi collaborators of the worst type ought to have been executed. Well, that’s OK, because those were terrible people doing horrendous things. A trial would determine that those people ought to have suffered the worst treatment, indeed. In this spirit, Norway, the Netherlands, and others, re-instituted the death penalty against Nazi collaborators after WWII, just for them. Fine.

Having strong anti-UNJUSTIFIED-hatred laws will help the search for truth.

And that’s what we need. You want to hate KGB’s Putin, or Tojo-loving Abe? Be my guest. And do it publicly, and question why Russia and Japan need to humiliate themselves that much, while, implicitly, thanks to the brutality they deploy and worship, threatening us all.

The calculus of hate and aggression needs to be refined. Because justice and progress need to be armed and stronger than the alternative.

For example GW Bush ought to be prosecuted for war crimes. Among them, war of aggression, a hate crime.

Attacking North Korea, even preventively, would not be a war of aggression, as North Korean leaders already threatened the USA (and others) with nuclear strikes (!). Similarly, France’s unilateral attack of Hitler in September 1939, was not a war of aggression, whatever the Nazis said at the time. Indeed, the Nazis had repeatedly attacked civilization and human rights first.

Hating hatred for real requires justice to be involved. One cannot leave plutocrats, be they the Kaiser, Stalin, or G.W. Bush to be free to mold, knead and brutalize hearts as they see fit. As civilization progresses, and becomes ever more intelligent, just as a matter of survival, so justice has to.

Patrice Aymé


Notes: On French trans-national jurisdiction. There is a common European citizenship. It’s entirely in the realm of French justice to react when citizen of the same polity (Europe) are hated by whoever, be it a citizen of the USA.

Moreover, for questions of Human Rights, French justice tends to apply worldwide.

On the USA’s indifference to the plutocratic obscenity, a learned emotion: Watch Obama meeting, twice, with all the plutocrats he could find, in December 2013. First with the health care crats. Just six of them, around the table with their crat in chief, made 100 million dollars, in the preceding few months. One could see the problem of USA health care, just there: the filth of riches.

Then there was the meeting with the high tech spies (Google, Facebook, Yahoo, etc.): how can we manipulate the truth? By flaunting his associations to the hyper rich he regularly begs for money like a pigeon hungry for crumbs, Obama has taught everybody in the USA a weird, twisted, masochistic, debasingly insane emotion, gratification by plutocratization. A new sort of bully pulpit. Call it the pigeon perch.


June 11, 2008


US anti-knowledge about World War Two is a gift that keeps on giving, to the Rich. In a farcical repeat of how the Roman plutocracy destroyed the Roman republic, war is used as a scarecrow to prevent people to land on the ground of common sense, while the military-industrial complex and the Rich hidden behind it present themselves as saviors of the republic. Whereas all they do is exploiting it to death.

“Life, liberty, and the pursuit of happiness” is one of the most famous phrases in the United States Declaration of Independence, all too dangerously close to the French “Liberty, Equality, Fraternity”. Since Americans know that France is second to none in the “pursuit of happiness”, US plutocrats have to insist that “socialist” France is somehow a deep failure that lives only the happy life by the good grace of the USA. The plutocratically controlled US media has to continually come back, and spread falsehoods about WWII, often presenting France as Hitler’s intrinsic ally, and accomplice in the holocaust.

Slandering France is a well financed industry in the USA. And it’s not just France. Recently a well financed, extremely well known US writer and TV commentator, ex presidential candidate, Pat Buchanan, outright accuses Great Britain to have caused the holocaust of the Jews, by having irritated the Nazis with an “unnecessary war” (namely WWII). He also accuses France to have dragged Great Britain into war with Hitler. It’s an old US crime: to want to make war to Hitler, a big no-no with many US racists and plutocrats (no wonder: they partnered with Hitler).

So here are a few important reminders of the basics of WWII:

a) Nazi laws and regulations treating many categories of people as NON human started in 1933, and blossomed in 1935. In France, Pat Buchanan would be prosecuted for holocaust denial. In the US he is feted, invited on all media, and (with the partial exception of his friend O’Reilly on Fox News) talked to as if he had established new standards of historical truth (“Congratulations for the book!” can one hear everywhere: they would invite Hitler, and congratulate him for “Mein Kampf”!).

b) Hitler attacked Poland with more than 100 divisions on the wee hours of the morning, September 1, 1939, alleging Germany had been attacked (the Nazis had set up a fake attack). France gave an ultimatum to Hitler the same day, September 1, 1939: 48 hours to get out of Poland. Great Britain, that had basically no army, was dragged into it because of her intrinsic alliance (“Entente Cordiale”) with France (after all, they were the only two large democracies … with their brat of a child, the USA).

c) France attacked Hitler within days with 50 divisions, across the Maginot Line, but, although she occupied a piece of Germany, could not break through the “Westwall” (“Ziegfried” line) at its strongest point (no wonder: it took the Franco-British-Canadian-US-Commonwealth armies 6 months to break through it at their weakest points in 1944/45). Belgium, goaded by the perfidious pro Nazi American plutocrats, was neutral, and that prevented the French army to attack in an easier place (besides, goaded by the sneaky Americans, Belgium had renegaded on the construction of her piece of the Maginot Line, precisely where the Panzers would break through, turning around the French defenses.)

d) As the battle in Poland raged, the Luftwaffe, Hitler’s murderously effective Air Force, ran out of its US made lubricants, so hundreds of tons of it where shipped to the Nazis by American corporations (good racists help each other).

e) The first British soldier took a month to reach France, after the UK also declared war on September 3, 1939. By then the French offensive had stopped, Poland having been crushed.

f) France had been under US embargo for years for being an enemy combatant (since France was anti-Hitler, and the USA was pro Hitler, except for Roosevelt who just talked, the US Congress embargoed France in 1937).

g) During the early years of the American revolutionary war, 90% of the cartridges used by the American revolutionaries were made in France. In 1939/1940, perhaps exhausted by all the military help it gave the Nazis, the USA did not send ONE cartridge to France.

e) The French and the British conducted an ambitious air-sea-land invasion of northern Norway, in spring 1940, with the aim of destroying Hitler’s Iron Road. The elite Nazi divisions were routed by the French Foreign Legion, and fled towards pseudo neutral Sweden. The next step of the Franco-British was to invade pseudo neutral Sweden (faithful iron servant to Hitler), but the disastrous events in France interrupted this plan.

g) Apparently betrayed by the Prince of Wales (he had been fired as king because he was a confirmed pro-Nazi, but, incredibly, had been made Inspector General of the British Armed Forces, spending weeks examining French fortifications). His Highness, briefed by French generals, finally sent a note to Hitler about where the weakest point was, just at the end of the Maginot Line, where French defenses were broken. Even though, the Nazis had to use suicide attacks by human bomb engineers against a French reserve division.

h) The battle of France cost the Nazis 50,000 troops dead, mostly elite soldiers with a a high proportion of elite officers, the best the Nazis had (driving them mad). The commanding Nazi Marshal commented the “French fought like lions”. The French had 95,000 soldiers killed. In five weeks. Proportionally to the present US population that would have been as if 700,000 US soldiers had been killed in combat in 5 weeks: France had 40 million inhabitants at the time! So much for the French being cowards.

i) Thousands of French civilians were deliberately strafed on the refugee roads (the hatred got so high that in one case a Nazi crew of a bomber that had been shot down, and guarded by French soldiers, was set upon by refugees who killed them). The Nazi losses could not be replaced (once again, proportionally to the population, they would be equivalent to more than 200,000 soldiers and officers killed in today’s USA). As a result Hitler’s army was weaker when it was ordered to attack the USSR.

j) In June 1940, as the French army fought alone against the Nazis, without assistance from anyone, not even the British (who had just been crushed, losing all their equipment), a few things became clear:

 1) The USA would not help, not even with an ultimatum to Hitler. Far from it; as far as many powerful Americans were concerned, their guy was winning.

 2) The Nazis, were enraged, rabid, holocaustic. After French units stopped General Rommel’s elite Seventh Panzer Division on the Somme for three days, the French had to surrender, having run out of ammunition.  Rommel had them executed, soldiers and officers. After a number of such occurrences, the question could be legitimately asked whether the entire French population would not be killed to the last by the Nazis (as they would try to do with the Slavs and Jews and Gypsies later, and had already started to do with the Poles).

 3) In these conditions, keeping on fighting looked unwise to some French leaders. After all, as long as the Nazis were getting massive American and Soviet help, what was a half invaded France to do? Churchill proposed to unify Great Britain and France as one country, instantaneously, and that would have been an excellent solution (making all French citizens British would have caused the Nazis to think twice about holocausting the French; as it was, the Nazis subsequently assassinated more than half a million French civilians). But an idiotic French PM  decided otherwise, and moreover the US government, always helpful (to Hitler), rushed to recognize the illegal Vichy regime.

k) France, under the form of the “Free French” kept on fighting. From May 26 to June 11, 1942, the First Free French Division defended Bir Hakeim against the Italian and the entire Nazi Afrika Korps of Rommel. Resisting for 16 days, it gave the retreating British Eight Army time to reorganize, allowing it to subsequently defeat the Afrika Korps at the El Alamein, at the door of the Suez canal. In just that one battle the Nazis suffered 3,300 dead or wounded, 277 captured, 51 tanks, 49 planes and roughly 100 other vehicles destroyed. Hitler was not amused, and concluded that “next to us Germans”, the French were the best fighters in the world, and so France had to be eradicated.

l) As North Africa got freed in Operation Torch, the Free French were able to raise a huge army (with US equipment: they were often taken for Americans, even as they contributed to the liberation of Italy, France and Germany). By 1944, the reborn French republic had risen like a phoenix, with an army of more than one million men fighting the Nazis, crossing the Rhine under fire, and making it first to Austria.

m) The USA never declared war to Hitler. Hitler declared war to the USA on December 11, 1941. The USA, its pro Nazi plutocracy conniving, had not planned to fight in 1942, and was taken by total surprise. So much for being so attached to democracy and the like.

So what does it all mean? France is the sister republic and democracy of the USA. And French civilization clearly “founded” Great Britain in 1066 (in the fiery debate about the Iraq invasion, in 2003, the UK foreign minister, Straw, said so himself). Thus the origin of American civilization is French. By spiting France, some in the USA spite the deepest part of their own civilization. France is a problem for the descendants of the US plutocrats who supported and partnered with Hitler. They got furious against France in 1934, precisely because of France’s aggressive attitude relative to Hitler.

It’s time to understand this, and realize that US plutocrats and racists betrayed democracy, republicanism, France, Great Britain and the entire British Commonwealth in 1939, and all those who opposed fascism to death (profiting of US benevolence towards them, the Japanese fascists invaded French Indochina, killing more than a million). This has never been said forcefully, so the same clique (OK, their grandchildren) brought us the Iraq war and other idiocies of the criminal type.

Anti-knowledge can lead not just to mental retardation, but to servitude. Those who attack France in the USA do not do so just because it pleases them to hate the idea of France, but because they want US citizens to be meek and servile.

Time to wake up to the sad realization the American republic has been severely manipulated, from 1933 to 2003, by the same sort of people, with the same sort of agenda: themselves, above anything else.

Patrice Ayme,