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What Does “Far-Right” Even Mean Anymore?

What Does "Far-Right" Even Mean Anymore?

Authored by Mark Jeftovic via,

“Far right” is basically anything that contests…



What Does "Far-Right" Even Mean Anymore?

Authored by Mark Jeftovic via,

“Far right” is basically anything that contests the Establishment narrative.

Anybody taking the legacy, corporate media at face value these days is likely under the impression that the entire world is being overrun with “far-right” extremists, after all, anything orthogonal to the current WEF-inspired world order seems to be, by definition, far right.

If it wasn’t apparent already, it became obvious during the pandemic how establishment narratives are promulgated by corporate media cartels to enshrine elite-approved canon.  For that to work, it was key to neutralize non-conforming impulses, and the way to do that, it seemed, was to label it all as “far right”.

The term has now been so misplaced and over-used that it becomes impossible to differentiate between fast rising maverick politicians from skinheads with swastika tattoos. Make no mistake, this is deliberate.

Put the headline on the skinhead

The standard playbook is to cast anything gaining momentum as “populist” – which is always implicated as being  wrong-headed and retrograde, even though a literal definition of the word simply connotes that large swaths of the population are feeling strongly about something (usually some manner of getting screwed by the elites).

In an era where confidence and credibility of our incumbent institutions is in secular decline – given their stunning incompetence, not to mention self-serving hypocrisy and corruption, the public is becoming increasingly fed up with their betters. That means whatever appeals to them has to be repackaged as “far-right”, lest the movement gain momentum.

Guardian ticks all the boxes – including the deranged “mouth-open” freeze frame. Bravo.

I refer the reader to Brandon Smith’s characterization of “negative branding”:

“One of the most favored propaganda tactics of [the establishment] is to relabel or redefine an opponent before they can solidly define themselves.  In other words, [they] will seek to “brand” you (just as corporations use branding) in the minds of the masses so that they can take away your ability to define yourself as anything else….

Through the art of negative branding, your enemy has stolen your most precious asset — the ability to present yourself to the public as you really are.

Negative branding is a form of psychological inoculation.  It is designed to close people’s minds to particular ideas before they actually hear those ideas presented by a true proponent of the ideas. ”

It’s not just dark horse, anti-establishment challengers who get the “far right” treatment, in this era of increasingly collectivist sympathies, it can be anything that reduces dependancy on the state or faith in the system.

The new “F-bombs”: Fitness and Freedom

Let’s be clear, there is nothing political, let alone “far right” around embracing fitness or valuing freedom. However anything  that confers greater autonomy on the individual, or instills the idea that one can improve their own lives without state intervention, is anathema.

Take an ascendent theme or personality that challenges the establishment – any thing that poses a threat to late-stage globalism or the Davos-class of elites who deign to define The Rules; hitch it to the “far right” by saying these extremists are co-opting or embracing that thing, and then it’s magically off limits – safely tucked outside the Overton Window via narrative alchemy.

This was how Bitcoin, the most emancipatory technology to arise since the internet itself, was characterized as “right wing extremism” .

It’s no problem if the target has no tenable relationship to right-wing politics: personal responsibility, physical fitness, or non-state, decentralized digital hard currency .  Just call it a “dog whistle”.

In Javier Millei’s case, signalling his intent to abolish Argentina’s central bank (as the core driver of that country’s incessant currency collapses and runaway Cantillion Effect), is enough to anger the guardians of the fiat money system.

If it’s an unambiguous rejection of an establishment core premise, call it “denialism”. I once saw a guy stomp off of a live podcast because, as he huffed at the host before he disconnected, “I can see that you’re a Russian Collusion Denialist!”, and then he was gone.

Of course, the entire Russian collusion narrative has since been totally debunked, and generally known to have been a Clinton campaign ratfucking, even in polite company.

More topical lately, is the insistence that belief in the most hysterical scenarios for climate change should be mandatory and that the most radical policy responses be non-negotiable.

Anybody flat out contesting the dogma, or showing research indicating that there is no climate emergency, or that the models (which have never successfully predicted anything) are probably wrong, is a denialist.

And denialism is, exclusively, far right.

Shouldn’t we also be on guard against far-left extremism?

Here is where we see the hypocrisy on full display. When people or voices push back on WEF-inspired theology, they get branded as “right-wing” and even the term “conservative” carries baggage. It’s practically a slur.


People put that it in their Twitter bios and walk around with Che Guevara shirts. I’m surprised there isn’t a hammer-and-sickle emoji yet.

According to “experts”, it’s not clear that “left wing extremism” is even a thing.

It took a symposium of social scientists to sift through evidence “on both sides” of the question, the result was inconclusive and “left wing authoritarianism” or extremism remains, to this day, as elusive as ever.

Who knew?

“Although right-wing authoritarianism is well documented, social psychologists do not all agree that a leftist version even exists.

In February 2020, the Society for Personality and Social Psychology held a symposium called “Is Left-Wing Authoritarianism Real? Evidence on Both Sides of the Debate.”

The left employs dog whistles too, only they aren’t recognized as such under the prevailing zeitgeist.

The burgeoning “#degrowth” movement is a dog whistle for communism.  “Equity” is one for wealth redistribution, while “inclusivity” forays into racism more often than many care to admit.

The entire Overton Window is now a collectivist, woke sliver

If an entrenched elite goes so far off the rails that the citizenry rebels and chooses the unthinkable (Brexit, Trump, Bitcoin, “conservatism”), it is never because the establishment let down or even betrayed the citizenry – it’s because, for some unfathomable and inscrutable reason, the peasants went “far-right”.

Left vs right is now meaningless. As I’ve written many times: the defining tension of our age is centralization, collectivism, statism, censorship, authoritarianism vs decentralization, individuality, autonomy, free speech, personal responsibility and self-reliance.

There are basically those who believe they have the ecclesiastical authority to tell everybody else what to do, how to live, and what is permissible to think and say. Then there is everybody who wants to be left alone to live their own lives in peace.

Unfortunately, there is also a growing contingent of the populace who want to be told what to do and think. 

It isn’t “far right” extremism sweeping the world that we should be worried about. It’s Stockholm Syndrome.

These are the people who willingly give the high priests of the establishment their gravitas – the ones who routinely change their Twitter profiles to endorse The Latest Thing™.

While they tend to be the most vociferous ideological berserkers online, acting as enforcers for the authoritarian collective, they invariably live lives of quiet desperation out in the real world. They would be completely rudderless if not for their digital emojis and sigils to guide them.

I expect these people will enthusiastically embrace Black Mirror style CBCDCs when they finally launch, allowing their lives to become fully gamified via their smart phones.

They are the same people who locked their shrieking children alone in a room for two weeks after a bogus PCR test for COVID, and they’ll be the same people who will post teary-eyed TikTok videos of themselves euthanizing their dogs after Prince William or Whoopi Goldberg tells them it’ll slow down global warming. (Future MSNBC think piece: “Why far-right extremists want you to love your dog.”)

They are the subservient herd, at least until they become disenfranchised or disillusioned with the social contract. Usually that happens when wealth inequality finally puts them on the wrong side of the poverty line, or when they see elites brazenly living by a different set of rules, or when the consequences of horrific policy blunders hit them where they live.

At that point, they start to look for alternatives, they go down so-called “rabbit holes”, and come out the other end shocked (or perhaps bemused) to learn that in the eyes of the establishment that betrayed them, they are now far-right extremists.

*  *  *

My next ebook is The CBDC Survival Guide and I’m sending it free to Bombthrower subscribers when it’s done (early June). In the meantime, subscribe now and get The Crypto Capitalist Manifesto while you wait. Follow me on Nostr, or Twitter

Tyler Durden Sun, 09/17/2023 - 20:45

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One-third of all CFTC crypto enforcement actions took place this year — Chairman Behnam

CFTC Chairman Rostin Behnam told an audience at the Financial Industry Association Expo about the agency’s activity in the crypto space and its need…



CFTC Chairman Rostin Behnam told an audience at the Financial Industry Association Expo about the agency’s activity in the crypto space and its need for modern legislation.

United States Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam highlighted his agency’s activity in the cryptosphere and the need for up-to-date legislation at the Financial Industry Association Expo 2023 event in Chicago. He described the CFTC Enforcement Division’s efforts as a “nonstop drumbeat.”

In the text version of his keynote address to the industry group, Behnam recounted the $6 billion his agency collected in penalties in fiscal year 2023. He added:

“45 of those [enforcement] actions this fiscal year involved digital asset-related misconduct, representing over 34% of the 131 such actions brought by the commission since 2015.”

Behnam singled out the “precedent-setting litigation” his agency won against Ooki DAO, which resulted in the closure of the decentralized autonomous organization and netted a $643,542 penalty. In its default judgment against Ooki DAO, the U.S. District Court for the Northern District of California found that the DAO was a “person” under the Commodity Exchange Act (CEA) of 1936.

Behnam returned to the CEA when he discussed the agency’s future direction. “The cornerstone of our latest era is disintermediation brought about by groundbreaking technology: DeFi, AI and standard WiFi,” he said, but:

“The limits in the CEA established in essentially another era create real barriers to engaging in rulemakings and policy that is necessary to our mission, but just beyond our scope.”

Furthermore, those limits force the agency “to engage in increasingly resource-intensive quests for assurances that we are acting within the bounds of our intended remit.”

Vertical integration — an “outgrowth of electronification and the promise of DeFi” — is occurring throughout financial markets and leading to regulatory concerns, and “customer protections mean something different now,” according to Behnam.

Related: CFTC commissioner calls for crypto regulatory pilot program

Behnam’s statements contrasted sharply with Securities and Exchange Commission Chair Gary Gensler’s position that existing financial legislation “has been quite a benefit to investors and economic growth over the last 90 years” and should not be tampered with.

Behnam also indirectly addressed limitations on the CFTC’s enforcement authority. “To suggest that […] we must wait until victims suffer and cry out for help to be proactive […] undermines our mission and purpose,” he said. “I have continued to advocate for additional authority in the crypto space,” he later added.

Magazine: Cleaning up crypto: How much enforcement is too much?

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Volatility Shares cancels ETH futures ETF launch, ‘didn’t see the opportunity at this point in time’

The company’s co-founder and president, Justin Young, told Cointelegraph in an email that plans to launch at a later date were “TBD.”



The company’s co-founder and president, Justin Young, told Cointelegraph in an email that plans to launch at a later date were “TBD.”

Volatility Shares, a financial firm offering a range of exchange-traded fund (ETF) products, canceled its plans to launch an Ether (ETH) futures ETF on Oct. 2, citing changes in the market. 

In an email with Cointelegraph, the company’s co-founder and president, Justin Young, confirmed the cancellation:

“You are correct — we did not launch today. We didn’t see the opportunity at this point in time.”

However, when asked if the company still planned to launch an ETH futures ETF at a later date, Young responded, “Of course,” adding that “plans are TBD.”

Ether futures ETFs track the prices of ETH futures contracts — agreements to trade the asset at a specific time and price in the future. Essentially, they allow investors to be involved in ETH trading without having to actually hold any of the cryptocurrency.

Related: SEC continues to delay decisions on crypto ETFs: Law Decoded

Volatility Shares was previously positioned to be the first firm to offer an ETH futures ETF. The United States Securities and Exchange Commission was expected to approve the first such product on Oct. 12, but concerns over the previously impending Oct. 1 U.S. government shutdown reportedly prompted the SEC to move the timeline for approval up.

As of Oct. 2, several firms have begun trading ETH futures ETFs, including Valkyrie, VanEck, ProShares and Bitwise.

As Cointelegraph’s Turner Wright recently wrote, “Bills for the good or ill of digital assets would be halted amid a shutdown, and financial regulators, including the Securities and Exchange Commission and Commodity Futures Trading Commission, would be running on a skeleton crew.”

In a twist, the U.S. government managed to avoid the shutdown by passing a stopgap measure to keep services funded through Nov. 17, with the Senate voting 88-9 to pass the measure. U.S. President Joe Biden signed it into law immediately.

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Class-action suit filed against Binance for alleged harm to FTX before its collapse

A California resident is suing Binance and its CEO for tweets last November that, according to allegations, led to the collapse of the rival exchange….



A California resident is suing Binance and its CEO for tweets last November that, according to allegations, led to the collapse of the rival exchange.

A class-action suit was filed against Binance.US and Binance CEO Changpeng Zhao on Oct. 2 in the District Court of Northern California alleging various violations of federal and California law on unfair competition for attempting to monopolize the cryptocurrency market by harming its competitor FTX. The suit was brought by Nir Lahav, who is identified only as a California resident. 

At issue are posts made by Zhao on Twitter (now X) in early November on the eve of FTX’s collapse. The posts were made in conjunction with the decision by the defendants to liquidate their holdings in the FTX utility token FTT on Nov. 6. The plaintiffs estimated that Binance owned up to 5% of all FTT tokens.

Suit filed against Binance and Changpeng Zhao. Source: CourtListener

The following day, Zhao stated in a Twitter post that Binance had signed a letter of intent to acquire FTX, but it backed out of that deal one day later. According to the suit:

“Zhao publicly disseminated this information [on the withdrawal of the acquisition offer] on twitter and other social media platforms to hurt FTX Entities that ultimately lead to a rushed and unprecedented collapse of FTX Entities.”

After began its argumentation with a defense of the Securities and Exchange Commission’s (SEC) policies on crypto and invocation of the Supreme Court’s Howey and Reves decisions, among others.

It went on to claim that Zhao’s Nov. 6 tweet, “Due to recent revelations that have came [sic] to light, we have decided to liquidate any remaining FTT on our books,” was false and misleading, since Binance has already sold its FTT holdings, and the post was “intended to cause the price of FTT in the market to decline.”

Related: New FTX documentary to spotlight SBF-CZ relationship

The plaintiffs found evidence for their claim in the same post by Zhao, where he wrote, “We are not against anyone. […] But we won’t support people who lobby against other industry players behind their backs.” The plaintiffs took the latter sentence to indicate that Binance opposed FTX CEO Sam Bankman-Fried’s “regulatory efforts.”

The suit alleges that Zhao’s proposal to acquire FTX was not made in good faith and the episode would “ultimately lead” to the collapse of FTX:

“Zhao’s tweet resulted in FTT price declining from US 23.1510 to US 3.1468. This significant drop plummeted FTX Entities into bankruptcy without giving an opportunity or chance to FTX Entities’ executives and board of directors a chance [sic] to salvage the situation and put in safe guards to protect its clients and end-users.”

The suit demanded monetary damages, court costs and disgorgement of ill-gotten gains based on seven counts. “Plaintiff believes that there are thousands of members of the proposed class,” the suit stated.

As the suit noted, both Binance and FTX are currently subject to SEC actions. The criminal case against Bankman-Fried will begin Oct. 4 in New York. Zhao addressed potential accusations of unfair competition in the same tweet that is cited in the suit. “Regarding any speculation as to whether this is a move against a competitor, it is not,” he wrote.

His statement did not stop speculation to that effect within the crypto community, however. The CEOs of the crypto exchanges traded jibes on then-Twitter for weeks afterward.

Magazine: FTX bankruptcy filing details, Binance’s crypto industry fund and a U.S. CBDC pilot: Hodler’s Digest, Nov. 13-19

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