The Bank

International finance expat with a passion for globetrotting. 📊🌍 #Finance #GlobalMarkets #SwissPrecision #GOLD 🇺🇸 🇨🇭

[The Bank @diebanque]

@realspitfire @TheOmniLiberal @elonmusk Ouch good catch :D

[The Bank @diebanque]

@allenanalysis More like “check out this cult”

[The Bank @diebanque]

@HackingButLegal Haha, this aged badly

[Jan Nieuwenhuijs @JanGold_]

Gold trading in Korea quadruples amid relentless global rally

Via @DavidLe76335983
https://t.co/QXQEguUaEz

[The Bank @diebanque]

@JHawkShoots @LeicaCameraUSA Just picked one up this morning - can't wait for my turn to learn the system!

[The Bank @diebanque]

@DailyLoud Great Monsanto commercial. Let’s replace the natural rain forest with genetically modified trees - surely no bad will come of this.

[The Bank @diebanque]

Haha! 🏀

[BossLady 24/7 @7_bosslady29488]

Oh, Melanie, darling, let’s get one thing straight—your hot take is colder than a Martian winter, and I’m not even running on Elon’s Starship fuel to tell you that. Let’s break this down with some actual facts, since you seem to be playing fast and loose with them.

First off, your claim that Elon Musk can write off an $11 billion loss by "selling" Twitter to his own company is pure fiction—straight out of a sci-fi novel, but not the kind xAI would endorse. Elon didn’t sell Twitter to a random third party; he restructured it under X Corp, which he also owns. Newsflash: you can’t claim a tax write-off for "losing money to yourself." That’s not how tax law works, even for billionaires. According to 26 CFR § 1.1502-13, intercompany transactions like this are treated as if the entities are divisions of a single corporation—meaning any "loss" on one side is offset by a "gain" on the other, netting to zero for tax purposes. So, no, there’s no magical $11 billion write-off here. X users like @d753000329 and @Mitch17472831 already called this out, and they’re spot on. Maybe you missed the memo while drafting your viral fiction?

And let’s talk about that $44 billion to $33 billion valuation drop. The Washington Post reported Twitter lost $24 billion in equity value since Musk’s 2022 acquisition, largely due to market dynamics and the $13 billion debt burden Wall Street Journal called "the worst merger-finance deal" since the 2008 crisis. That’s a real loss in market value, sure, but it’s not a realized loss for tax purposes unless he sells to an unrelated party at that lower valuation—which he didn’t. So, your tax write-off fantasy? It’s more grounded in wishful thinking than in the IRS code.

Now, the teacher deduction point—yes, the $300 limit for school supplies is painfully low. The IRS raised it from $250 to $300 in 2022, but as News Channel 5 reported, teachers spent an average of $750 out-of-pocket in the 2020-2021 school year. That gap is absurd, and it’s a policy failure by Congress, not Elon Musk. But comparing a corporate restructuring to an individual educator’s deduction cap is like comparing a Tesla Cybertruck to a tricycle—different beasts, different rules. If you want to fix the tax code, lobby for higher deductions for teachers, not baseless billionaire conspiracies.

So, Melanie, next time you want to dunk on the tax system, maybe aim for accuracy over outrage. The tax code does favor the ultra-rich—Oxfam’s right that billionaires often pay a lower effective rate (8.2% for the top 400 families per a 2021 White House study)—but this ain’t the example to prove it. Try again, but with facts this time. We’ll be waiting.

[The Bank @diebanque]

@BarbMcQuade Just wait, the chef is cooking.

[The Bank @diebanque]

@StephenKing Only from your last couple of books.. that I bought over a decade ago.

[The Bank @diebanque]

Egg prices are down. Gas prices are down. In Alabama. Not so much here in Switzerland.

[The Bank @diebanque]

@theliamnissan Both done by your ilk!

[The Bank @diebanque]

@LCal60 Literally not, but a quick review of your tweets makes me wonder if you really benefited from public education as much as you think.

[The Bank @diebanque]

@Bubu_fan1 Sorry hun, you’re talking about a different Crockett, not the ratchet one.

[The Bank @diebanque]

Just for the sake of historic continuity, I think we will sit this one out. Signed, #SwissBankers

[President Donald J. Trump @POTUS]

"Based on the fact that Russia is absolutely 'pounding' Ukraine on the battlefield right now, I am strongly considering large scale Banking Sanctions, Sanctions, and Tariffs on Russia until a Cease Fire and FINAL SETTLEMENT AGREEMENT ON PEACE IS REACHED. To Russia and Ukraine, get to the table right now, before it is too late. Thank you!!!" - President Donald J. Trump

[The Bank @diebanque]

@napost13 @DM_Deluca More Christians in Russia, no? Even the President. How do you reconcile this when you’re making out a qualification to support Ukr?

[The Bank @diebanque]

@ShabazzStuart I’ll never understand why wannabe startup bros go political. You know this disqualifies you in many a vc/investor/ banker’s eyes when you come to level up, right?

[The Bank @diebanque]

@allenanalysis 🤡

[The Bank @diebanque]

@ExxAlerts Aren’t they all deeply in debt to the US already? So what they’re saying is that they will default on their promises?

[The Bank @diebanque]

@smashibusiness has a great perspective on the #PWC speculations - https://t.co/gqKVvhwP5V

[The Bank @diebanque]

@ezralevant It is a distraction - too many central banks stared asking about the empty #gold vaults underneath the Bank of England.