Dr Antonie Kotzé

Independent financial derivatives pricing and model validation expert and financial engineering rocket scientist

[Peter St Onge, Ph.D. @profstonge]

Gallup finds record 89% of Americans think government corruption is "widespread."

It's actually higher (91%) among Democrats. Who somehow manage to think government is deeply corrupt *and* deserves trillions more to give to its cronies 🤡

[Neil Oliver @thecoastguy]

Take your conscription and stick it ...

[Willem Middelkoop @wmiddelkoop]

It’s Official:

Dutch National Bank repatriates another 40% from the Federal Reserve vaults in New York

64% of the gold held in the US (before 2014) has now been moved out of the US

[Z̶̲̥̅̊ЄĿÐÂ ⚔️ @VersterZelda]

Nou ja toe. Laat ek maar myself vermaak.
Afrikaners is plesierig....

[Maverick @MaxPatricius]

😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂Breathe….😂😂😂😂😂😂😂😂😂😂😂

[Michael Shellenberger @shellenberger]

Now that satellite images prove that failing bedrock, not a glacier, caused the flooding in Nepal, journalists are blaming melting permafrost. But there’s no evidence for that, either. In truth, scientists and journalists have been lying for decades about climate change and ice.

[Handre @Handre]

History of Central Banking:

Central banking was never designed to stabilize economies. It was designed to stabilize governments that spent more than they taxed. The Bank of England launched in 1694 with a straightforward transaction: a consortium of private bankers lent William III £1.2 million to fund his war against France, and in return received the right to issue banknotes against that debt. The template was set on day one. Public debt and money creation arrived as a package deal.

The Federal Reserve repeated the pattern, but with better marketing. Congress passed the Federal Reserve Act in 1913, sold to the public as a bulwark against the banking panics that plagued the 19th century. The Fed produced the most catastrophic banking collapse in American history in 1929-1933, followed by a contraction that destroyed roughly a third of the money supply on its own watch. Milton Friedman documented this meticulously in "A Monetary History of the United States." The institution created to prevent bank runs presided over the worst bank runs in recorded American experience.

Every central bank in the 20th century eventually broke its commodity constraint. The U.S. severed the last formal gold link in August 1971, when Nixon closed the gold window and defaulted on America's obligations to foreign governments holding dollars. Since that date, the dollar has lost roughly 87% of its purchasing power. Prices you pay at a grocery store in 2026 reflect that slow-motion confiscation accumulated across five decades.

Ludwig von Mises identified inflation as a hidden tax before most economists would admit the mechanism existed. New money flows first to government and its preferred creditors. By the time it reaches wages and savings accounts, prices have already adjusted upward. The purchasing power transfer is real and directional: from your savings to the first spenders. Central banks perform a political function, not the economic function they advertise.

The institutional story of central banking is a government granting itself the power to manufacture its own revenue without a vote, and wrapping that power in the language of technocratic stabilization. Every financial crisis since 1913 has produced more Fed authority, larger balance sheets, and looser constraints, which means the incentive structure rewards failure with expansion.

[Conscious Caracal 🇿🇦 @ConCaracal]

AfriForum has demanded an independent audit of the fuel price and associated levies from the Minister of Finance.

AfriForum has also reiterated its call for a permanent reduction in the fuel levy, functioning as much needed tax relief for the overburdened taxpayers of South Africa. At the very least a reinstatement of the previous levy cut is necessary while oil prices and geopolitical risk remain high.

https://t.co/0nirJAy5u5

[Anton Eberhard @AntonEberhard]

Yoh! The last time @Eskom_SA had electricity sales this low was 26 years ago in year 2000. Industrial demand shrunk 22% last year! Yet the utility’s revenue is up 4% through double digit tariff increases. Not sustainable as energy intensive and other customers defect.

[Acclaimed Journalist @Jonathan_Witt]

The UAE doesn’t care about the race of their pilots, only whether they’re highly competent or not. They have benefitted greatly from the race based hiring policies in South Africa which we’re told don’t exist.

[The Kobeissi Letter @KobeissiLetter]

Yields just won't stop.

You know it's bad when bond market is quite literally ignoring the US Treasury.

24 hours later and the 10Y Note Yield is now pushing into 4.80%, its highest since January 2025.

That's another +20 basis points since the low seen after the US Treasury's intervention announcement 13 days ago.

In a sudden turn of events, 7% mortgages are back, the 10Y Note Yield is nearing 5%, and markets are expecting a September rate hike.

This marks a +85 basis point run in the 10Y Note Yield since the Iran War began.

Once again, the US simply cannot afford the 10Y Note Yield at 5% for a sustained period of time.

We expect further attempts at intervention immediately.

But, the question becomes: will markets listen?

[Barney Simon @BarneySimon]

🤘🤘🤘🤘

[Willem Petzer @willempet]

The ANC Wants R55 Million a Day From White Owned Businesses:

White-owned Companies must pay an extra 3% taxes into a state racial slush fund, which other businesses are exempt from — or lose the right to compete in the economy.

Here's how it works:

https://t.co/qvKtDZwsdo

[Thomas Massie @RepThomasMassie]

They openly brag about buying the seat in Congress , but if you mention it, you’re antisemitic. Those are the rules. Moreover, it’s intolerable for any Republican to oppose sending your hard earned money overseas or to speak out against genocide.

[Gina @ginnydmm]

Classic 🤣🤣🤣

[Lukas Ekwueme @ekwufinance]

Japan is fucked... The yen is down 60% in five years.

They would need to hike rates aggressively to defend the yen, but with debt-to-GDP >200%... they can't.

At the same time, record spending and planned tax cuts are pushing yields even higher.

To inflate the debt away, Japan needs to keep rates artificially low through YCC.

But YCC would fuck the yen even more...

Something Bessent wouldn't like.

We all don't own enough gold for what's coming

[Peter St Onge, Ph.D. @profstonge]

Beautiful takedown of CNN propagandist ✨

[Willem Middelkoop @wmiddelkoop]

They Can’t Stop Printing

[Barchart @Barchart]

BREAKING 🚨: Japan

Japan's 30-Year Yield just ripped above 4.18%, the highest level in history 🤯 👀 Dear God!

[Tall Man 🇬🇷🇿🇦 @vuyo_ro]

This is economic assassination and it is directed to the poor people and the working class.