The Democrat Party Cryptocurrency Crisis

 To me it is fascinating to me see how much money was spent in this past 2022 Midterm election by political parties, special interest groups and a host of committees.  In my opinion all of this money can be viewed as both productive and non productive.  It is economically productive in the view of the printing companies who print signs, campaign literature and the like.  It is especially productive for media outlets and political consultants who sell advertising and "advise" candidates on what they should or should not do, regardless of the disastrous results in many cases.   It is non productive in my opinion because it seems that the candidates with the greatest amounts of cash and or personal wealth are now the perpetually elected officials that Taxpayers are stuck with each election.  A great example of this was the battle of the millionaires for Connecticut's Governor; Democrat millionaire Ned Lamont and Republican millionaire Bob Stefanowski with the incumbent millionaire winning.  Each candidate poured millions of their own cash into their campaigns to buy the office.  It is also non productive because it seems that people who are the remaining working middle class of America have little if any representation in any level of government due to the amount of cash that is being used to buy political offices since many offices are held by individuals with incredible wealth.  These same office holders have little if any concept of what it is like for the working middle class to raise a family, not have their children brainwashed in public schools, work hard for a living with few if any raises, and struggle to survive because of the incoherent economic and social policies these same paid-for millionaire elected officials dictate to them.

Even more troubling has been the recent disclosures of former cryptocurrency giant FTX and its founder Samuel Bankman-Fried who gave a mere $70.1 million dollars to mainly Democrat Party causes in the 2022 Midterm races.  FTX was the third largest campaign contributor in this election.  (opensecrets.org) FTX recently filed for bankruptcy losing an estimated $30 billion dollars plus of investors cryptocurrency.  For those who do not understand cryptocurrency (which are many) one must use a fiat currency such as the United States Dollar or Euro to buy this concept or digital currency that only has value by the non- governmental authority issuing it.  You may wonder as I do, why you would take a legitimate currency you use every day and give it to a centralized authority (that many have no idea who or what it is) to get this digital currency that has no assurances that it will be operational from day to day and has limited use in buying items and or services in our everyday economy.  My question is them how did Bankman-Fried lose all this digital currency?  Did some computer somewhere blow up and eliminate it?  How did he gain all of his wealth to spend on this past election cycle? It seems all this is happening out of thin air.  And since I am an economist who still does not buy into the concept of cryptocurrency, why are some governmental and state pension funds invested in it?  What happens to this money?  Do the same working middle class Taxpayers now get to bail out Bankman-Fried and his Democrat friends? 

Connecticut Democrat Governor Ned Lamont seems to be invested heavily in cryptocurrency.  The State of Connecticut was very generous with Connecticut taxpayers monies by giving $5 million dollars to Digital Currency Group to fictionally "move" 300 jobs to Stamford, CT.  The Digital Currency Group now has many issues to deal with due to the implosion of FTX.  In my opinion, they will be bankrupt very soon.  The Lamont family Hedge Fund (Oak HC/FT) was an early investor in Digital Currency Group but Lamont maintains they divested of the investment before this sweetheart deal took place, even after trade-source verified multi-million dollar investments were uncovered by said fund immediately after the election!  And why is Connecticut's state run pension invested in cryptocurrency in the first place?  Is this not an enormous risk now with the meltdowns of the cryptocurrency markets?  How many other elected Democrat officials are invested in FTX?  How many government run pension funds are invested in the cryptocurrency markets?  Once again Tony De Angelo in his weekly segment on the Lee Elci show on WJJF 94.9 was the first to disclose these most recent stunning Lamont connections to cryptocurrency.  

Regardless, since the crypto-fueled Democrat Party is now broke, it could have fundraising bake sales at the empty retail storefronts they helped to put out of business during their Covid-19 crisis?  Or maybe it could sell Dutch Tulip Bulbs at incredible prices like they did in the 1600's?  Or better yet maybe it could create something out of nothing, which is nothing and trade the nothing on a daily basis?  Or even better it can double down on pensioners and taxpayers stakes in cryptocurrency while it is collapsing?  One can argue they was a great deal of money wasted in this last election that could have been spent solving many of the issues the political system has created for our economy.  For example, how about helping people who are being bankrupted by excessive Affordable Care Act medical bills?  Or maybe helping the thousands of family run businesses bankrupted by incoherent and draconian decrees of the never ending Covid-19 crisis?  

Maybe the election of 2024 should be one of no more money spent for campaigns for any elected office.  Each candidate would need to publish at their own expense their stances on all issues that impact their district and or state.  That might help the serial fraud that seems to take place each election. The greater fraud in my opinion is what our political system has evolved into.  Buying of political power each election cycle.  It has reached a point of no return.  Sort of like the point of no return for cryptocurrency.  Oh well, no big thing.  Just make taxpayers pay for the financially elites ineptitude, incompetency, excesses and power.  Like in Connecticut, and so many other Democrat enclaves in our country.  The seeds of economic discontent are sown and are growing quickly for the taxpayers who must shoulder the economic burden of this political corruption.  And yet again the truths of 1776 resonate louder than ever in our country at this time. 

Good Bye To The Lost State Of Connecticut

 A majority of voters spoke this past Tuesday, November 8, 2022.  They told Connecticut that they are embracing and endorsing four more years of a future of an energy crisis especially for heating oil and diesel, food shortages, an illegal drug crisis, a public education crisis, runaway inflation,  mandatory vaccines for children, vaccine passports, personal data collection, massive uncontrollable crime and theft, higher taxes and tolls, and two different set of laws with one not applicable to the Democrat Party (especially Ned Lamont's family hedge fund) and another set that must be followed by the common working men and women of the state.  By the majority of voters' actions this past Tuesday it will be safe to say that Connecticut will be in the same state of emergency, economic despair and social crisis two and four years from now with a Governor and his never ending Covid-19 emergency powers, along with some of the highest tax rates in the country, poorest business rankings in the country and highest per person capita debt in the country.  It looks rather bleak for the state.

Connecticut's problems did not go away this past Tuesday.  Even though a majority of voters have embraced these same problems on Election Day, buyers remorse will set in.  Ned Lamont, whose Republican Candidate for Governor Bob Stefanowski omissively said was not corrupt, nor a "bad guy" (10/27/22 WFSB TV 3 "CT22: A conversation with the Republican candidate for Governor") is in my opinion corrupt and a "bad guy" by his many actions and lack of transparency in his Administration for the past four years.  From his dealings with Sema-4 and his suspicious non profit shell games, no answers to any questions came forth during the campaign which was a major failure to the citizens of Connecticut.  I am confident that these backroom dealings will be going into overdrive in the next few months with zero questioning by Connecticut's obedient state run media. Connecticut Taxpayers will be financing the Lamont's excesses with their tax monies.  You get what you vote for.

Coming out of this election is also the absolute helplessness of the Connecticut Republican Party in my opinion.  With the exception of a few principled Conservatives the party seems hopelessly split into different camps.  One side hates all things of former President Trump with a strong RINO influence almost like the old Rockefeller Republicans and the other side has working men and women who have strong libertarian and conservative principles. Looking at the two failed campaigns of Tom Foley and now two more losses by Bob Stefanowski maybe the next Republican Party candidate for Governor rather than being a multi-millionaire could be a homegrown candidate who is much more in tune with the party, the state and its people.  Maybe it could be a priority for the Republicans that in a state that has over 3.3 million people in it to field candidates in every elected office, every two years.  No more unopposed races.  Maybe they need to look at the efficiencies of the Florida Republican Party and their roadmap to success rather than the u-turns, cowardice, roadblocks and potholes they seem to embrace each campaign and election.  In my opinion there are many hard working members of the Connecticut Republican Party who never get heard year in and year out.  Maybe the party bosses could give them their say and promote their ideas for a change in the coming months.  If what you have been doing has not worked for 30 plus years now why not try something new?  If not, we can certainly look forward to more failures.

So what is next?  I know for me I am contemplating ending my chapter in all things Connecticut politics.   The Connecticut political system and its' state government to me is a deceptive, incoherent, labyrinth of false promises, lies, a "members only" club, and shameless ego gratification that does little to help the Taxpayers who must fund it and must never question it.  I have always been conservative and make no excuses for it.  I believe in personal freedoms and free markets. High taxes, rampant crime, horrific cities, omnipotent one party rule, poor government and suppression of personal freedoms led me to leave.  There are contrary to what the Connecticut Democrat Party wants you to believe, better, and less taxed states to live in throughout our great country.

Thus starting on Saturday November 26 "Swick Speak" will be revamped and will look at more than just Connecticut.  I will continue to write about governmental/political corruption since I despise it and also about how our political system influences our economy to the point that it hurts our economy and capitalism.  The blog will be on a more national level however I will still visit Connecticut's corruption which in my opinion will never end.  

The battle for freedom, transparency in government at all levels,  and the end of corruption in government seems never to end.  I personally will never give up the fight for what is right and just for all Americans.  Connecticut's elected officials, media and state government are examples of what is wrong with our political system and Taxpayer funded governments in 2022.  Never yield for it is truly 1776 all over again.

Sorry You Are Not Better Off Than You Were Two Years Ago

 Are you better off than you were in November 2020?  Two years ago, America had an election that changed the course of both Connecticut and our country in an unrecognizable direction in 2022.  Voters across our country will be voting on Tuesday November 8th to change the direction of Connecticut and our country back to a more normal direction.  We can not go on the way we are being governed by the Democrat Party today.  The time has come for a change in leadership at all levels of government.

Are you better off than you were in November 2020?  Two years ago, America had energy independence, a stable food supply, no inflation, a rational immigration policy and much less crime and theft than we have today.  Today we have a new energy crisis, food shortages, a open border crisis, an illegal drug crisis, a public education crisis, runaway inflation and massive uncontrollable crime and theft.  Voters will take into consideration all the different crises they must face on a daily basis.  How will they afford to heat their homes this winter?  Will there be rolling blackouts? Will there be enough food in stores so they can feed their families?  For those who have babies, will they be able to find baby formula to feed them?  For those who have children in public schools, will they get any education on anything other than sex changes, white supremacy ideology, reverse racism, and bizarre sex acts?  Will they be a victim of crime no matter what time of the day?  Will their children become victims of the illegal drug crisis?  Will they be able to go to a gas station and be able to buy gas without being a victim of crime?  Will their homes and condos be broken into by young career criminals who roam our streets?  Will they become victims of violent criminal acts by illegal immigrants who are allowed freely into our country?  All of these questions go unanswered by the ruling Democrat Party.  In the incoherent gibberish they are force feeding voters, there is nothing wrong at all in our economy and society today.  And more importantly it is not their fault.  It is the fault of President Trump and the Republican Party.

The Democrat Party of Connecticut and America in 2022 may be characterized as a corrupted, demeaning, destructive, economically incoherent, illogical, and a horrific cancer in our state and our country.  We have a President who can barely function mentally and physically.  He takes great pride in condemning Americans who disagree with his policies.  We have a Governor who placed his family's hedge funds profits first while hiding behind the Covid-19 crisis that just never ends.  We have a United States Senator who embraces the Communist Party of America, needing to be in front of the camera at all times yelling about anything and everything while offering zero solutions during his never ending political diatribes.  Throughout our country, pejorative, scornful and stale Democrat Governors, State Legislators, United States Representatives and Senators all demand full compliance and submission to their failed archaic, leftist, and socialistic policies and programs.  Their time comes mercifully to an end on Tuesday November 8th.

The Republican Party of Connecticut and America offer a logical alternative to the absurd and nonsensical policies of the Democrat Party.  The differences between Bob Stefanowski and Ned Lamont are clear.  The differences between Leora Levy and Richard Blumenthal are clear.  The differences between George Logan and Jahana Hayes are clear.  The differences between Mike Francis and Joe Courtney are clear.  The differences are night and day.  

Are you better off than you were in November 2020?   Sorry, you are not better off than you were in November 2020?  You are much worse off under the dictatorial and totalitarian rule of the Democrat Party in 2022.  It is time for a change.  It is time for normalcy again for Connecticut and our country.  It is time for the Republicans to be the real leaders in our state and country we so desperately want and need.  Not the circus that we currently have disguised as government.  A government that are forced to support with our tax dollars.   It is time for a change.  And it is 1776 all over again.