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The Beginning of the Cyber Pandemic

The Beginning of the Cyber Pandemic

Nov 10, 2023
Marty's Ƀent

The Beginning of the Cyber Pandemic

Yesterday's 30-Year Treasury auction was an unmitigated disaster. It would seem that demand for US government debt is waning as it becomes clearer that its debt situation is getting out of hand. Individuals, institutions and sovereign nations alike are deciding that they would rather not lend the US money because it is seeming less "risk-free" than it has for the last 40 years. Uncle Sam was dealt another blow today as Moody's decided to downgrade the United States' outlook to negative from stable. Citing the fact that the downside risks to US fiscal strength have increased, fiscal deficits remain very large, and the US's debt is becoming more unaffordable by the day.

This is the type of double whammy no one wants to see. Especially heading into a pleasant Fall weekend.

While this series of events seems sensible to anyone who has been paying attention (it has become glaringly obvious that the debt situation is going off the rails and that the US government is a terrible allocator of the capital they raise via debt markets) there is a narrative permeating that the debt auction would not have been as bad if it weren't for a ransomware attack that hit one of China's largest banks. Preventing it from effectively participating in the auction.

Apparently ICBC, the affected bank, is a massive facilitator of Treasury trades for many of the institutions in China and their inability to access the auction digitally led to the historically bad result. There are rumors spreading that ICBC used a USB stick to physically deliver trades to the auction, which would be hilarious.

I cannot tell you whether this ransomware attack really happened, but I can tell you that the timing of the attack is rather convenient. A perfect scapegoat for a global financial system under significant stress. Not only that, it is something that has been choreographed by the Davos class for years. We warned about this over two years ago in this rag:

Beware of the cyber pandemic
It’s a scary world out there freaks. Prepare accordingly.

Whitney Webb has been talking about it for years and wrote a piece in Bitcoin Magazine earlier this year which describes the narrative the power structure plans to run with.

Whitney and I also recorded an episode of TFTC last month that warned of the emergence of cyber attacks on the banking system.

I'm not going to lie, freaks. Uncle Marty currently has his tinfoil hat firmly settled on his head and is under the impression that they're really priming the wheels to reset the financial system using cyberattacks as a pretense to wipe their hands clean of systemic mismanagement and attempt to funnel everyone into a granularly controlled digital panopticon with a central bank digital currency at its core.

It is imperative to make sure that you hold bitcoin in wallets that you control as they attempt to pull the wool over everyone's eyes.

Stay vigilant, my friends.

Final thought...

Late night flights are brutal but there is nothing better than waking up in your own bed.


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