Currency Collapse, Crypto and the Venture Capital Agenda

A main focus of this blog is the plot by venture capitalists to obtain sovereign land via predation on countries in the global south, using them to set up distributed cities from where they can run weapons startups, unregulated medical testing, stripping of natural resources, labor exploitation and economic interference with no oversight whatsoever. These efforts are underway in El Salvador, Honduras, Kenya, Nigeria, Palau and the Caribbean. To start.  

The reason it sounds crazy to you is because the actual, material, observable movements of venture capital, are NOT making it in the press or mainstream awareness. There is endless speculation on the philosophy of artificial intelligence, and yet no one knows about the 120 AI startups funded by the CIA (public information readily available). Or the ACTUAL FUCKING SETTLEMENTS (public information readily available). In many of these locations, sovereign zones have been secured through predatory trade agreements, secrecy, and hostile legal efforts. Venture capital cities, on unregulated grounds, are well underway and in fact, actively under construction as the whole world ignores that this is happening. 

A very quick look at the venture capital fund, Pronomos Capital, proves trivially that this plot is happening. Funded, staffed and advised by the biggest and more important venture capitalists in the world, Pronomos Capital has backing from Marc Andreessen, Peter Thiel, Balaji Srinivasan and their associates from their respective firms. Most of these players are coming out of two specific firms - a16z (Andreessen, Srinivasan) and Founder’s Fund (Thiel, Lonsdale). These are the material fascist actors and organizations who are pushing the fascist agenda that we all seem to recognize as true in vague pontification, but untrue in a reality where we have an ascendant fascist power that is materially pushing forward a fascist agenda. 

 The Pronomos website lists major investments into sovereign zones and cities in the global south, including Praxis in the Mediterranean, Itana/Talent City in Nigeria, and Prospera in Honduras. Sovereignty and freedom from regulation, taxation and oversight, is a major theme. We see this in Nigeria where Itana/Talent City has obtained legislation making this land OUTSIDE of the jurisdiction of Nigeria: ““The moment you are inside the zone, you are outside of the Nigerian state.”

The Pronomos website states: “Our mission is to build prosperous cities that uplift entire regions. We do this by working with citizens, states, and developers to upgrade laws and institutions for greater justice and well-being.” Well, Pronomos is currently suing Honduras for 2/3 of its annual budget in a hostile land grab against the explicit protest of its people, in order to keep its fucking city and its sovereign zone — a place where they can do whatever they want without oversight by the host state. So much for “seek[ing] to enable unprecedented innovation that drives economic growth and prosperity for Hondurans” as they move to fucking bankrupt the country against the explicit will of the People and the elected government. 

Venture capitalists aren’t just coming just for the tourism and warm climates. These countries and in fact the whole global south are massive markets that they want to fuel the next state of their growth. Crypto is playing a huge role in the attempts of venture capital to gain predatory strongholds in poor countries in the global south and to cultivate this market, to build their economic power in these countries, as well as providing the perfect cover for what is brute-force takeover of the host financial system. 

It is extremely under reported, the role that venture capital has played in the rise of the extremist right-wing regime of El Salvador, currently under massive citation for human rights abuses, having erected the largest prison in the Americas, with over 70,000 locked up without due process. The El Salvador dictator is promoting the platform of revitalization through crypto and tech — from forcing local adoption to building a Bitcoin mine, and tech settlements around the country. What is proposed is a VC-orchestrated financial agenda of installing its tech economy by force.

Indeed, the economic agenda of El Salvador’s dictator is directly from venture capital: the transformation of a target country into a venture capital economy. It is this economic agenda that is the very core, driving the economic plan for the country and thus, the country succumbs. It is the economic transformation of the country into a tech economy, I.e., one that is producing wealth for venture capitalists, that is the chief economic thrust here. This includes the establishment of a city, the infiltration of the government, the building of factories and bitcoin mines, exploitation of labor, building of private infrastructure solely for the venture/tech elite, such as a new private airport and the planned “Bitcoin City”, the hijacking of the local school system to teach children to be tech/crypto workers and programmers from a young age, harvesting of natural resources like water and natural energy sources, installation of prison, policing and security apparatus, and the adoption of the venture capital currency and financial system in crypto.

The entire hinge of El Salvador’s “transformation” by its dictator is the infusion of venture capital money and economy, from actual fascists, into the country. Venture capital and Bitcoin, and the “development” of El Salvador into essentially a venture capital puppet state, hinges on this. Venture capitalists, among the worst offenders, human rights abusers Stacey Hebert and Max Keiser, installed in government have been turned into Bitcoin diplomats and developers of economic policy. On the tail winds of the venture capital invasion, Google just announced they are setting up shop in El Salvador, showing that the tech giants will quickly follow the venture capital lead, once it has softened the ground. There are never-ending Bitcoin events in the country and high profile visits of crypto “thought leaders”, and Bitcoin is legal tender there, Bukele has signed away regulation and taxes on crypto wealth, AI wealth, and so on, in order to attract the venture capital parasite. A massive motivation of El Salvador’s dictatorship right now is to let in and profit off of the venture colonial force, and this is a key driver of the police state being installed. As in Oakland and San Francisco before it, venture capital and big tech presence causes displacement, criminalization, gentrification and the disenfranchisment of the most marginalized, and thus the rise of the tech-powered super cop and mass surveillance systems.

 In El Salvador, we have a very clear example of how venture capitalists will invade countries by going right through the financial system — investments, funds, appointments in key finance positions in the government — and that crypto plays a massive part of the economic package that venture capitalists have to “offer”. In El Salvador, Bitcoin is providing the rationale and explanation for the venture capital invasion: venture capitalists and the dictatorship are calling it “Bitcoin Country”, “Bitcoin Beach” there’s the planned “Bitcoin City”, and the “Bitcoin Volcano”, powering the Bitcoin mine which gives more profits to the VCs than to the citizens. This is representative of the massive fusing of the El Salvador government with venture capital. 

Bitcoin is your opener, but the full colonial agenda comes in its belly. This is one of many containers that venture fascism will be using to get into these countries, many pieces of infrastructure that are involved in the take-over, but we must remember that technologies are only tools. What is often being sold as just Bitcoin — seemingly neutral, professed as not only neutral but a better and fairer financial system — is actually a financial takeover. 

And the issue with financial takeover being the goal, is that there is the possibility of venture capital purposefully causing currency collapse in sovereign countries it is invading, in order to force mass adoption of Bitcoin. Remember, all of this is just an economic play for capital and labor extraction. Switching the economy onto the venture capital financial infrastructure — the huge range of venture capital-owned and operated banks, loans companies, retail platforms, consumer plays, tokenization platforms — is a primary goal, and the global south is a massive market for that, and one that has barely been touched by venture capital in the past compared to what comes down the pipe next. These are uncharted territories for them, and ones they aim to invade and take over. 

Indeed, a number of the books about Bitcoin are obsessed with economic collapse, and the collapse of currency, resulting in a sudden change in the economic system and in the matter of human relations, seismic shifts. The “history of money” that is repeated over and over again by Bitcoin “maxis” — people who believe the entire global financial system should be on Bitcoin —  is one of currency collapse; in the Bitcoin maxi telling, historical currency collapse is created by the inferior financial system, I.e., it couldn’t control interest rates, the material used wasn’t scarce enough, or changes in available resources deflated the currency. 

Of course, in nearly all of these examples, what is chalked up to currency failure by its inherent properties, actually has far more to do with the arrival of a colonial force, and a colonial currency being forced on the indigenous peoples of the area, suffering sabotage, siege, the rape of women and children, the arrival of new illness, often slavery, etc. In the story of monetary history as written by Bitcoin maxis, this is actually about the natural superiority of some financial systems vs. others, and all things are described through the lens of inferior vs superior currency, while ignoring the actual colonial root cause. 

We find a great deal of this anti-intellectual thinking in a book by Saifedean Ammous called The Bitcoin Standard. In a chapter called “Primitive Moneys”, (concerningly), examples given include the historical use of Rai stones from Yap Island, now part of the Federated States of Micronesia, whose currency was collapsed by a colonial invader who “procured a large boat and explosives, took them to Palau, where he used the explosives and modern tools to quarry several large Rai stones”, thus rapidly increasing the supply of the monetary instrument, and “this resulted in conflict on the island and in time the demise of Rai stones as money.” And yet, the author’s main takeaway is that the Rai stones weren’t resilient enough to inflation, even though the clear cause of inflation here is a colonizer wrecking economic war on a target country. 

This is immediately followed by the story of aggry beads from west Africa, a form of money that collapsed when, lo and behold, colonizers violently invaded and conspired to take over the financial system: ”When European explorers and traders visited West Africa in the sixteenth century, they noticed the high value given to these beads and so started importing them in mass quantities from Europe… it was a slower, more covert process [than Yap Island] with bigger and more tragic consequences… Slowly but surely, Europeans were able to purchase a lot of the precious resources of Africa for the beads they acquired back home for very little… destroying their salability and causing the erosion of the purchasing power of these beads over time in the hands of the Africans who owned them, impoverishing them by transferring their wealth to the Europeans… the aggry beads later came to be known as slave beads for the role they played in fueling the slave trade of Africans to Europeans and North Africans.”

Absolutely miraculously, the conclusion of the author is not that colonialism and slavery and capitalism is bad, but rather that, in the case of Yap Island, “a one-time collapse in the value of a monetary medium is tragic, but at least it is over quickly and its holders can begin trading, saving and calculating with the new one,” but that in the case of the aggry beads, “a slow drain of its monetary value over time will slowly transfer the wealth of its holders to those who can produce the medium at low cost. This is a lesson worth remembering when we turn to the discussion of the soundness of government money”.

It is truly insane for that to be your takeaway, as if having Bitcoin would have stopped active genocidal attacks on peoples by colonial invaders. In the world of the fraud “Bitcoin economists” and “Bitcoin maxis”,  the intellectually impoverished language of “inflation” and “supply” is used to cover up the economic phenomenon of colonization and imperialism, war and slavery, all emerging not from the fucking inherent properties of a select currency, but from the operating system of capitalism. Yet this becomes the model of history and the economic theory that these sick fucks hew to, their theory of history and human progression and financial progression: colonial currency collapse and financial attack. It’s really quite hilarious to see people who pretend to be economists take what is the very obvious material function of money in a capitalist system and its results, and to put aside the economic function of and the economic formation of capitalism and colonialism, the economic phenomenon of war and imperialism, of slavery, theft, and ransacking of global resources, as simply a matter of the old currency of the colonized people, being inferior to the currency of the invaders. 

LMFAO. I will see you all in a fucking human rights crimes tribunal. You aren’t slick. 

To the venture capital apparatus, it sees the collapse of the existing economic system, via colonialism, as the method of human civilization progressing, of the economic system progressing. And also something that is obviously massively advantageous to them: they have the new money, the new economic system, that will absorb all of this economic activity, if they can manage to cause a sudden change in the kind of money, and the financial platform in general. The author of this book, The Bitcoin Standard, who so despicably spits on humanity with this pseudo-economics, Saifedean Ammous, this year became an economic advisor to El Salvador, making him an active and highly dangerous human rights abuser, in part of an active colonial attack that he will once more chalk up to being about interest rates and inherently better currency. 

Unsurprising, but also fucking disgusting. 

Something that people do not realize about the venture capital model is that it is specifically based on creating sudden and discontinuous changes. Even as those sudden and discontinuous changes happen all around us because of venture capital activity — like what is happening right now with labor exploitation via AI — we think that this is just the inevitable mode of technology adoption — sudden changes — rather than something that it being designed and pushed to have these extreme liminal points. 

At these junctures, the venture capital is incentivized to damage and destabilize the existing financial systems. They are incentivized to outright attack financial systems in order to secure the sea-change onto their own financial system. 

The rise of the new venture capital financial system is directly connected the fall of the previous; the venture capital goal is to get as much of the global economy running on its own financial infrastructure as possible. Yet in particular, the slow speed of “normal adoption”, or adoption by retail consumers CHOOSING to use this technology, is simply not fast enough for VC aims. It would take wayyyyy too long to actually go after retail customers and genuinely appeal to them — especially as this offers no value for the vast majority of people and the technology is massively inaccessible — a slow trickle is not their goal. The barriers to entry are too high, access is still extremely difficult (another tip that none of this bullshit is for us), and the value proposition to the majority of the world, which is impoverished, simply is not there. 

To get where they are going, they need rapid changes to the economic system, they need massive onboarding events, that result in massive inflows of money into their financial system. And in the world of such greed and urgency, and with the colonial nature and habit of Bitcoin already well-established, we are going in the direction of intentional currency collapse, economic crises, where there can be major influxes onto the VC infrastructure. Currency collapse, as framed in Bitcoin maxi literature as inevitable, natural and even positive events (giving way to superior money), is clearly implicated; and entering countries in the global south with these technologies, means that entire country’s financial systems are at risk of hijacking, forced demolition, and artificially-induced mass onboarding.  Indeed, these sudden financial upheavals are openly and proudly discussed among especially Bitcoin Maxis, using language such as “blowing up” the existing financial system, and alluding far too often to “the collapse”. 

It is very explicit that the existing financial infrastructure of all kinds, is the target of the new enemy, rogue financial system, owned and operated by venture capital. Consider the fact that just *one* crypto startup, funded by a16z, Coinbase, was recently revealed to own 5% of the total Bitcoin in the world. And for that money to go up, they need massive onboarding, cascading effects, currency collapse, sea-change moments. Without talking about anything else, we can clearly see that the INCENTIVE is there, and incentives drive the beast to new pastures. 

But why aren’t we asking ourselves about the economic attacks this is surely to incite? About the incentives that are created for venture capital to cause at-scale damage to existing financial infrastructure and systems? In countries around the globe, venture capitalists coming in under the false promises of Bitcoin, or operating via influence and sabotage of the peoples, and of country infrastructure, is HIGHLY INCENTIVIZED, WILLING AND ABLE to cause currency collapse. And indeed, we do find an obsession within the Bitcoin maxis particularly, a colonial obsession, that is reflected not only in how they talk about Bitcoin and the economy, but actually in their behavior and they form the primary base of supporters for these new “Bitcoin Zones”. 

Look at Silicon Valley Bank as one example of the venture capitalist’s intent and ability to cause significant financial chaos and destruction, and to knowingly cause the collapse of financial infrastructure, leading to a sudden onboarding onto the new, venture capital-owned financial infrastructure. In the case of Silicon Valley Bank, Founder’s Fund and a16z venture capitalists instructed their portfolio companies to run the bank, despite the fact that the bank was AT NO TIME INSOLVENT in this situation, that the venture capitalists were very much aware of the statue of the bank, and that SVB was actively rebalancing for a subset of assets that were taking losses — something that a number of other banks were doing also. And yet, these venture capitalists ordered the hit on the bank. 

In the days following, billions of dollars moved from Silicon Valley Bank onto venture capital owned financial platforms, including a16z’s Mercury Bank, which took on 2 billion dollars in the days following a16z ordering the collapse of Silicon Valley Bank. And yet this has been not even insinuated in the massive amount of coverage of this event; I never saw a single mention of the fact that the people who ordered the run, most pivotally a16z, owned a directly competing bank.

In fact, 3 of them. 

Venture capitalists are at war with the rest of the financial system; their goal is to get as much of the global economy onto its own systems as possible. Without knowing anything else about the matter, we know that the venture capitalists have their own financial infrastructure, and that to make that financial infrastructure valuable, they need to overtake it from the existing infrastructure. 

It is also worth mentioning that one thing that is associated with currency collapse is the fall of governments to violent colonial elements.