Since CZ told Elon that if he didn't behave, he'd sell off $1bn worth of SpaceX stock, Elon hasn't tweeted a single laugh emoji about the Binance hack.
Like Robert Greene said, "When you meet a swordsman, draw your sword. Do not recite poetry to one who is not a poet".
All of us at Marvel Studios are deeply saddened by the passing of Sir Patrick Stewart. Sir Patrick brought Professor Charles Xavier to life with extraordinary grace, intelligence, and humanity, defining the character for generations of fans, from "X-Men" to "Logan" to "Avengers: Doomsday." He was a singular talent, a generous collaborator, and a true gentleman. Our hearts go out to his wife Sunny, his children, his friends, and the countless fans around the world whose lives he touched with his art.
The West froze about $300 billion of Russia's money within days of the 2022 invasion, but it couldn't seize a single bar of the 2,300 tonnes of gold sitting in Russia's own vaults in Moscow.
Every central bank on earth watched that happen. So when Jamie Dimon tells a country it was dumb to pull its gold out of New York, he's arguing against the biggest money lesson of the decade. And his argument is the same one that built the largest gold vault in the world.
He said that country has three armies within 400 miles, while gold in America is protected by two oceans and the US military. In 1940 that was exactly right.
When German troops landed in Norway on April 9, 1940, Norway's central bank started trucking 50 tonnes of gold out of Oslo that same day. It got to Britain by ship, then crossed the Atlantic in batches, split between the New York Fed and Ottawa.
Belgium wasn't so lucky. The Belgians handed 198 tonnes to the Banque de France and asked for it to be sent to the United States. France shipped it to Dakar instead, Vichy turned it over to the Reichsbank, and Göring had the bars melted down.
That's why the vault under 33 Liberty Street exists. It sits 80 feet down on Manhattan bedrock, and by 1973 it held more than 12,000 tonnes. Every country that put gold down there was betting the worst thing that could happen to it was a tank crossing the border.
The vault holds about half that now, roughly 6,000 tonnes worth around $780 billion at today's price. And when you look at how central banks have lost reserves lately, tanks barely show up.
Venezuela has been trying to get 31 tonnes out of the Bank of England since 2018. British courts spent years arguing over which Venezuelan government even owned it.
Afghanistan had about $7 billion at the New York Fed, some of it gold, when Kabul fell in August 2021. The Fed froze it, and half of it eventually landed in a fund in Switzerland.
Add Russia and that's three countries in about four years that lost access to money they'd parked abroad, and not one of them lost it to an army.
So the gold is leaving, and the countries taking it aren't the ones you'd guess. France pulled its last 129 tonnes out of New York in January without shipping a single bar. It sold the old bars there, bought fresh ones in Europe, and booked a gain of roughly €12 billion along the way. The Dutch took about 78 tonnes out of New York this year. The share of central banks keeping gold at the New York Fed dropped from 17% to 14% in a single year, according to the World Gold Council.
Try Dimon's 400-mile test on Amsterdam. Every army inside that circle belongs to a NATO ally, plus Switzerland. I doubt anyone at the Dutch central bank is losing sleep over the Belgian army.
To be fair, he's got a point in the Gulf. Iraq's army walked out of Kuwait's central bank with 3,216 gold bars in 1990, and Kuwait only got them back after a war and a UN-supervised handover.
No army is getting across the Atlantic to rob Manhattan, and Dimon's right about that. The scenario reserve managers plan for is a phone call to New York asking for their gold back, where somebody on the other end says no. On that call, the ocean is on the wrong side of you.
Jamie Dimon to a country that pulled its gold out of New York: you have three armies within 400 miles, while gold in America is protected by two oceans and the US military
“If we have the strongest military in the world and the strongest economy in the world, we will be the preeminent reserve currency. It is those two things.”
“I was in a country somewhere in the Middle East, and also in Europe, and the people said, we took our gold out of the vaults in New York City and moved it to our country. You know what I said to him? I said, you have three armies within 400 miles who can come take your gold.”
“That’s the real world. You’re not thinking clearly about safety. That gold is protected by the Atlantic, the Pacific, the United States military, the rule of law.”
“But if we are not the preeminent military and economy, you will see our reserve status come down.”
SK Hynix quarterly Operating profit is 6.6 lacs crore. Annualised is Rs 25 lac crore.
Means they technically can buy Reliance and Airtel from annual profit…
Thats how big they are…
Mukesh Ambani got emotional on Jio ipo listing event 🥹.
Anant Ambani said : Our Deepest gratitude to SHRI NARENDRA DAMORDAS MODI for Digital India which helped Jio for the purpose.
Anant : My grandfather dreams
My grandmother blessings
My father's guidance and
My mother sanskaar is what jio.
The way nita Ambani was guiding isha to speak louder and consoling to Mukesh Ambani 🥹❤️
#CNBCTV18ALERT | 🏆INDIA’S LARGEST CONGLOMERATE BY GROUP MARKET CAP!
#RelianceGroup leads with a group market cap of ₹30.01 lakh crore, ahead of #TataGroup at ₹22.39 lakh crore📊
With businesses spanning energy, telecom, retail, financial services and technology, the Reliance ecosystem continues to command a significant market presence.
#Reliance #TataGroup #Jio #MarketCap #BusinessNews #CNBCTV18
As America withdraws from the Middle East for good, the Saudis (aided by others) have decided to make friends with the Iranians, else their State itself will perish in the coming years. This is what was predicted, and this is what's happening. The Americans and Israelis have established Iran as the regional hegemon. No going back now.
I miss spy thrillers like Spy Game (2001). No world-ending threat, no superhero-level action. Just intelligence officers, political manipulation and people making impossible decisions. Tony Scott knew how to make all of that genuinely exciting.
Watch this clip from The Terminal List. Now you understand why these guys were picked for the job—these boys are NOT playing around with terrorists. 💥🪖
Konstantin Malofeev, founder of Tsargrad, delivered a powerful statement defending Russia’s position, leaving Piers Morgan unable to come up with a meaningful response......
The Arrakeen home invasion in DUNE (2021) feels less like a conventional action sequence and more like a nightmare unfolding in real time. Villeneuve turns the fall of House Atreides into a brutal mix of overwhelming scale, dread and sudden violence.
That particular moment when George Yeo, Singapore’s former foreign minister, demonstrated a remarkably deep understanding of European history and the complex conflicts that have shaped the continent,an understanding that seems to elude many Western politicians.
It is genuinely rare to hear a senior statesman speak with such historical depth, intellectual clarity, and geopolitical insight.....