🚨A trader paid for oil stored in Rotterdam.
The storage tank didn't exist.
Neither did the oil.
He lost $1.5 M.
He's not alone: fraudsters offered $2.9 BILLION in fake deals at Europe's biggest oil hub last year.
The scam has a name: storage spoofing.
How it works?
Fraudsters clone the websites of real tank storage companies, forge tank certificates and inventory documents, and sell storage capacity or barrels that don't exist.
AI made the forgeries nearly perfect.
Tank trucks have literally shown up in Rotterdam to collect products that were never there.
This scam is 15 years old.
So why is it exploding now?
AI collapsed the cost of convincing fakes.
And the Hormuz crisis made every Atlantic barrel desperate bid.
Scarcity makes buyers fast and careless fraud feeds on exactly that urgency.
Oil trading runs on trust in paper: tank receipts, inspection certificates, bills of lading.
Physical verification is the exception, not the rule.
Known losses are $11.5M/year but that's only what's reported.
Nobody brags about getting scammed.
When inventories hit multi-decade lows, claims on barrels outnumber barrels.
Trust, like diesel, is a stock that's draining.
Do not miss my latest article on oil prices+macro, link in replies👇
🚨 Gold and silver are getting hit just as hard as Bitcoin. And that tells you something.
In the last two weeks:
– Gold has fallen from around $4,540 to $4,160, roughly 8%
– Silver has dropped from about $78 to $64, roughly 18%
No crisis headline. No rate shock. No catalyst.
Here's why that matters.
Gold is the asset you're supposed to run toward when things get scary. When stocks fall and gold rises, that's a flight to safety. Normal. Healthy.
But when gold, silver, and Bitcoin all fall together, at the same time, with no obvious reason, that is not a flight to safety.
That's a flight to cash.
When investors are forced to raise money, they don't sell what they want to sell. They sell what they can. The most liquid things they own. Gold. Silver. Bitcoin. The assets that trade instantly, anywhere, anytime.
And remember what's pulling cash out of the system right now:
– The largest IPO in history is hitting the tape this week
– OpenAI and Anthropic are lining up behind it, ~$200B more
– Google flipped from buying back $60B a year to issuing $80B
– Private credit funds are gating redemptions
– Margin debt sits at an all-time high relative to GDP
Trillions in supply, all demanding the same thing at the same moment. Liquidity.
When every safe haven and every risk asset sells off together, the asset isn't the story.
The plumbing is.
Gold isn't falling because gold is broken.
It's falling because somebody, somewhere, needs the cash more than they need the hedge.
That's what the late stage of a liquidity cycle looks like.
Not panic.
Just everyone quietly reaching for the same exit.
C’è qualcosa che vale molto più del denaro, della fama o di uno "scoop" mondiale.
Si chiama rispetto. Il 1° maggio 1994, alla curva del Tamburello, non c’era solo il mondo intero a guardare.
C’era Angelo Orsi, fotografo di Autosprint e, soprattutto, uno dei pochi, veri amici di Ayrton Senna.
In quegli istanti drammatici, Angelo era lì. Il suo obiettivo catturò sequenze che nessuno avrebbe mai visto: gli ultimi istanti, il volto scoperto, la fragilità di un re che stava diventando leggenda. Le offerte arrivarono subito.
Cifre da capogiro. Agenzie e testate internazionali erano pronte a sborsare fortune per quei rullini.
Sarebbe bastato un "sì" per cambiare vita finanziariamente.
Ma Angelo fece una scelta diversa. Una scelta che oggi, nell'era del "tutto condiviso" e del sensazionalismo a ogni costo, sembra appartenere a un altro pianeta.
• Non sviluppò mai quelle foto.
• Non le mostrò a nessuno.
• Le distrusse, proteggendo la dignità del suo amico.
Per Orsi, aver condiviso la vita, le confidenze e i silenzi con Ayrton valeva infinitamente di più di qualsiasi conto in banca.
È la storia di un uomo d’altri tempi, che ha preferito il peso del ricordo al peso dell'oro. In un mondo che rincorre il "like" anche davanti alla tragedia, il silenzio di Angelo Orsi è il rumore più forte che si possa sentire.
È la prova che l’amicizia non ha prezzo e che certi segreti è giusto che restino custoditi nel cuore, e non sulla carta patinata.
Eterno Ayrton.
Immenso Angelo.
A French engineer who lives quietly in Paris has spent 30 years writing software that the entire internet now runs on without knowing his name.
He wrote the code that streams every YouTube video, every Netflix show, every TikTok clip. He wrote the code that runs the virtual servers underneath AWS, Google Cloud, and Microsoft Azure. He calculated more digits of pi than anyone in history. He has no Twitter. He has no marketing. He just keeps shipping.
His name is Fabrice Bellard.
Here is the story, because almost nobody outside the systems programming world knows what one man has built.
Fabrice was born in 1972 in Grenoble, France. He studied at École Polytechnique, the top French engineering school. He never went to Silicon Valley. He never built a startup empire. He just wrote code.
In 2000 he started a project called FFmpeg, an open-source multimedia framework for encoding, decoding, and streaming video. He was 28. The project did one thing nobody else had done well. It handled every video and audio format that existed, in one library, on every operating system. He led it himself for years.
Today FFmpeg is the invisible engine of the internet. YouTube uses it. Netflix uses it. VLC uses it. Chrome and Firefox use parts of it. Every Android phone, every iPhone, every smart TV, every video editing tool you have ever touched runs FFmpeg somewhere underneath. If you have watched a video on a screen in the last 20 years, Fabrice's code processed it.
He was not done.
In 2003 he started QEMU, a machine emulator and virtualizer. He wrote it solo until version 0.7.1 in 2005. QEMU lets you run any operating system on any other operating system. It became the foundation of modern virtualization. KVM, the Linux kernel hypervisor, runs on top of QEMU. Every major cloud provider, AWS, Google Cloud, Microsoft Azure, IBM Cloud, runs virtual machines on infrastructure built around it. The Quick Emulator is the most cited piece of cloud infrastructure code on Earth.
He kept going.
In 2001 he won the International Obfuscated C Code Contest with a small C compiler that grew into TCC, the Tiny C Compiler. TCC can compile and boot a Linux kernel from source in under 15 seconds. In 2004 he calculated the most digits of pi ever computed at the time, using a personal desktop computer and an algorithm he derived himself called Bellard's formula. In 2011 he wrote a complete PC emulator in pure JavaScript that runs Linux in your browser, a project called JSLinux that engineers still cannot believe is real.
In 2019 he released QuickJS, a small but complete JavaScript engine that fits where V8 cannot. In 2021 he released NNCP, a neural network based lossless data compressor that immediately took the lead on the Large Text Compression Benchmark.
Then he turned his attention to large language models. He built TextSynth Server, a web server with a REST API for running LLMs locally. He released ts_zip and ts_sms, compression utilities that use language models to compress text and short messages at ratios traditional algorithms cannot reach. He released TSAC, a very low bitrate audio compression system. In December 2025 he released Micro QuickJS, a new JavaScript engine for microcontrollers, separate from QuickJS, designed for environments with almost no memory.
Fabrice co-founded a telecom company called Amarisoft in 2012, where he serves as CTO. Amarisoft builds 4G and 5G base station software used by carriers and labs around the world. He has been running it for over a decade while continuing to ship personal projects from his own home page at bellard dot org
He has no Twitter. He has no Instagram. He gives almost no interviews. His personal website is a flat list of projects with no styling, no fonts, no marketing copy. Just titles and links.
A quiet French engineer who never moved to Silicon Valley wrote the code that quietly runs the internet.
He is still shipping.
💛🧡💛
« Aujourd’hui, je vais te donner la flamme », dit l’allumette.
La bougie, inquiète, répondit :
« Non… si tu m’enflammes, je vais me consumer. Mes jours seront comptés. »
L’allumette resta silencieuse un instant, puis demanda doucement :
« Veux-tu vraiment passer ta vie ainsi ? Froide, figée… sans jamais briller ? »
La bougie baissa la voix :
« S’embraser fera mal… et je disparaîtrai peu à peu. »
« Oui, cela fera mal. Et oui, tu te consumera », répondit l���allumette.
« Mais c’est pour cela que nous existons. Moi, pour t’enflammer… et toi, pour éclairer. »
« Ma flamme est petite, brève… mais si je te la transmets, j’aurai accompli ma raison d’être. »
La bougie hésita.
Puis, juste avant que la flamme de l’allumette ne s’éteigne, elle murmura :
« S’il te plaît… allume-moi. »
Alors la lumière naquit.
Une lumière chaude, vive, qui transforma la pièce.
La bougie avait compris que sa véritable valeur ne résidait pas dans le fait de rester intacte,
mais dans le fait de se donner, jusqu’à illuminer autour d’elle.
Parfois, offrir le meilleur de soi fait souffrir.
Mais c’est cette part que l’on donne qui change tout.
Peut-être que l’amour, au fond, c’est cela : accepter de brûler un peu de soi pour rendre le monde moins sombre..
Il y a 82 ans, 14 000 Canadiens ont débarqué à Juno Beach. Beaucoup d’entre eux ne sont jamais rentrés chez eux.
À l’occasion de l’anniversaire du jour J, nous prenons le temps de rendre hommage à ceux qui ont servi et consenti des sacrifices. Nous nous souvenons que nous devons nos droits, nos libertés et notre mode de vie à ceux qui ont répondu à l’appel et qui se sont battus pour les acquérir.
Lane Hutson on signing his contract last year:
“I wouldn’t change a thing, honestly. So fortunate that I was able to lock that up for a long time and be here. To be that close (to a Stanley Cup) and that far at the same time is a great thing. It makes me more hungry…”
Ivan Demidov on his IG:
“What a year! Thank you to the management, coaches, and teammates for sticking together through every situation, right up until the final buzzer. And to the fans: I have only one thing to say: we’re just getting started. You are amazing, see you next season! Go Habs Go!”
“Merci Montréal! Allez Bleu Blanc Rouge! 🔵⚪️🔴”
Sur la peur – Khalil Gibran
"On dit que, juste avant d’entrer dans la mer,
une rivière tremble de peur.
Elle regarde en arrière le chemin qu’elle a parcouru,
depuis les sommets des montagnes,
la longue route sinueuse à travers forêts et villages.
Et devant elle,
elle voit un océan si vaste
que s’y engager
revient à disparaître à jamais.
Mais il n’y a pas d’autre choix.
La rivière ne peut pas faire demi-tour.
Personne ne peut revenir en arrière.
Reculer est impossible dans l’existence.
La rivière doit prendre le risque
d’entrer dans l’océan,
car ce n’est qu’alors que la peur disparaîtra,
car c’est là que la rivière comprendra
qu’il ne s’agit pas de disparaître dans l’océan,
mais de devenir l’océan."
Gally 14 seasons 911 games 246 goals 1 ELITE thing called work Today he broke down at his locker, reminding us why we love him grit, heart defiance that's why he became a legend in Montreal Thank you Gally You gave us everything Share your favorite Gally moment below 👇
📣📣KEN GRIFFIN CITADEL SECURITIES STEALS THIS AMOUNT IN AN HOUR 🪳🪳🪳
I am glad Andrew Left was found guilty but Ken Griffin steals this in an hour or less everyday.
The whole system is built on FRAUD.
Ken Griffin is worth 50 Billion and produces nothing brings zero value to the world.
Yet he is hailed as a master of business and a philanthropist.
Nothing could be further from the truth.
WHO CONTROLS THE MONEY CONTROLS THE WORLD‼️
Brendan Gallagher embodied what it means to be a Montreal Canadien.
He wasn’t the biggest player on the ice, but he played with a bigger heart than almost anyone who wore the jersey. Through injuries, playoff battles, rebuilds, and countless trips to the front of the net, Gally earned the respect of teammates, opponents, and fans alike.
Some players are remembered for their talent. Gallagher will be remembered for his relentless effort, passion, and willingness to sacrifice everything for the crest on the front of the jersey.
Thank you for the memories, Gally. ❤️💙
Carey Price has retired. Brendan Gallagher has now confirmed he played his final game as a Montreal Canadien. 😢
Two defining faces of a generation are gone.
The end of an era in Montreal.
#Gohabsgo
14 Year Prison Sentence for $248 Million Fraud
Joseph Sanberg, co-founder of Aspiration Partners, is headed to prison.
He pleaded guilty to two counts of wire fraud.
Prosecutors say he tricked lenders and investors by
using fake collateral and falsified documents for big loans, creating sham customers to inflate revenue and using fake financial numbers to raise more money
“U.S. District Judge Stephen Wilson in Los Angeles rebuffed Joe Sanberg’s bid to be spared prison all together because of his past anti-poverty work and his purported good intentions in trying to save the struggling bank he helped set up in 2013….”
- @CourthouseNews
“..Instead of delivering on Aspiration’s promises, he orchestrated a multi-year scheme involving fake clients, sham payments, and deceptive loan collateral that caused at least $248 million in losses to numerous victims.
This sentence holds him accountable and serves as a clear warning to others who abuse trust for personal gain and obtain loans from the financial industry based on lies and misrepresentations.”
“This serial fraudster used his Cinderella-like background, impressive educational credentials, and virtue signaling skills to swindle investors and lenders out of hundreds of millions of dollars,” said First Assistant U.S. Attorney Bill Essayli of the Central District of California.
“This criminal case serves as a warning: Anyone can get duped by a con man.”…
@DOJCrimDiv
Two economists just published a mathematical proof that AI will destroy the economy.
Not might. Not could. Will — if nothing changes.
The paper is called "The AI Layoff Trap." Published March 2, 2026. Wharton School, University of Pennsylvania. Boston University. Peer reviewed. Mathematically modeled.
The conclusion is one sentence.
"At the limit, firms automate their way to boundless productivity and zero demand."
An economy that produces everything. And sells it to nobody.
Here is how you get there.
A company fires 500 workers and replaces them with AI. A competitor fires 700 to keep up. Another fires 1,000. Every company is behaving rationally. Every company is following the incentives correctly. And every company is building a trap for itself.
Because the workers who were fired were also customers.
When they lose their jobs faster than the economy can absorb them, they stop spending. Consumer demand falls. Companies respond by cutting costs — which means automating more workers — which means less spending — which means more falling demand — which means more automation.
The loop has no natural exit.
The researchers tested every proposed solution. Universal basic income. Capital income taxes. Worker equity participation. Upskilling programs. Corporate coordination agreements.
Every single one failed in the model.
The only intervention that worked: a Pigouvian automation tax — a per-task levy charged every time a company replaces a human with AI, forcing them to price in the demand they are destroying before they pull the trigger.
No government has implemented this. No major economy is seriously discussing it.
Meanwhile the numbers are already tracking the curve. 100,000 tech workers laid off in 2025. 92,000 more in the first months of 2026. Jack Dorsey fired half of Block's workforce and said publicly: "Within the next year, the majority of companies will reach the same conclusion."
Nobody is doing anything wrong. Companies are following their incentives perfectly. That is exactly the problem.
Rational behavior. At scale. Simultaneously. With no mechanism to stop it.
Two economists built the math. The math leads to one place.
Source: Falk & Tsoukalas · Wharton School + Boston University ·
Un parcours incroyable avec les partisans les plus passionnés qui soient. Merci d’avoir été derrière nous tout au long de l’année 🫶
An incredible run with the most passionate fans in the game. Thank you for being with us every step of the way
#GoHabsGo