Remember when they said Trump would get us into a full-blown war with Iran?
Times like these should make us all realize how lucky we were to have Trump, his strength and his resolve.
@goldseaboat@ashen_one What makes a real person doing it less deceptive? Do you believe that they truly love the product they are promoting? Does that matter?
Stop listening to the propaganda that “We could have had a free bridge.” Let me tell you the truth.
A little background: The Ambassador Bridge in Detroit generates approximately $60–70 million a year in toll revenue and probably close to another $30 million in gas sales. (It’s always busy.) Matty Moroun’s son knows that when the new Gordie Howe Bridge opens, this revenue will dry up; very few will use his old, decrepit bridge. Matthew Moroun has also given significantly to the Republican National Committee (e.g., over $1 million in recent years, including large sums in 2025). These donations occurred amid the family’s long-standing efforts to influence policy, including ads in 2018 appealing directly to Trump to block permits for the rival public bridge and recent lobbying (e.g., a 2026 meeting with Commerce Secretary Howard Lutnick ahead of Trump’s criticisms of the Gordie Howe project).
The Ambassador Bridge twinning project (also known as the Ambassador Bridge Enhancement Project or ABEP), proposed by Matty Moroun (and later his family/business) to build a second parallel span next to the existing 1929 Ambassador Bridge, was effectively shut down and abandoned due to regulatory hurdles, governmental opposition, legal setbacks, and conflicting requirements between the U.S. and Canada.
So who shut down the twinning? In 2009, the U.S. Coast Guard suspended and later terminated the bridge permit application process for the twinning project. This stemmed from issues like lack of required air rights over Detroit’s Riverside Park (needed for construction) and failure to address marine navigation/safety concerns adequately. The U.S. Coast Guard refused to process or issue the permit, citing concerns upheld in court as not arbitrary or capricious.
The Morouns fought the rival public bridge (Gordie Howe International Bridge, now nearing completion/opening in 2026) through lawsuits, lobbying, and public campaigns, arguing it would undermine their private monopoly. Courts repeatedly rejected their claims (e.g., no exclusive rights to crossings, reasonable government decisions to pursue a new span). With the Gordie Howe project advancing (fully funded by Canada, providing redundancy the twinning could not match in official assessments), the twinning became non-viable.
Canada actually gave the Morouns a chance at twinning the bridge, but the 2017 conditional permit expired in 2022 (around August/September) because the bridge company failed to meet over a dozen required conditions (e.g., further approvals, environmental steps, and resolving conflicts).
Now you know the truth.
@crypto_condom@jvb_xyz The funniest outcome might just happen where rate cuts happen and instead of everything pumping like everyone expects, the whole market (crypto included) goes to hades
@shannersdos@alpha_pls > This industry was built on believing in projects. These projects give people an opportunity to own a share in them
This may have been true last cycle, but it has turned into a mess of "trenches" and people churning out crap projects to PnD and celebrating "crime szn"
> It feels like someone got hit very hard and will see a large body float to the surface soon, reminds me a little of summer 2021.
This took months for a body to surface, which ended up triggering more bodies to surface.
Probably one of the most severe flushes I’ve ever seen on alts, I didn’t even imagine alts had this much leverage in them. It feels like someone got hit very hard and will see a large body float to the surface soon, reminds me a little of summer 2021.
Good reminder to myself to own things that I am actually bullish on, and not things I am trying to shift on momentum. Some charts look like they’ll never recover, whereas some things look buyable for the first time in a while.
When everyone is making hilarious amounts of money I am always tempted to start using leverage again. It is almost impossible to fight the feeling that you’re not making enough, or everyone else is outpacing you. Good reminder that fighting that feeling and avoid the wipeouts is worth it in the end.
Check on your friends, likely a bad day for many.
Personally, am concentrating my bags into the things I am happy to own for the next few years, and shedding the fat. Realised I own some assets based on not wanting to miss out, rather than on some actual thesis. Days like today are much easier for me if I think my bags will bounce back, and much worse if I’m losing money owning things I don’t even believe in.
Don’t let a leverage blowup dictate your long-term views. The future is bright, good things to come, patience is rewarded.
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