The Money Letter

The Money Letter

[The Money Letter @TMLwire]

NVIDIA'S BOARD SAID IT HAD "CONFIDENCE" IN JENSEN HUANG. 4 DAYS LATER, HE IS GONE AND $NVDA IS BLEEDING.

This is not what you're being sold.

4 days ago, Nvidia's board stood in Huang's corner, on the record.

It said: "The Board has confidence in Jensen and his leadership team."

THAT SAME WEEK:

Huang announced to staff he had been "unfaithful", and the board opened a probe.

The woman, Megaspeed executive Alice Huang, was allegedly passing information to China's spy agency.

The New York Times released a report claiming a SECOND affair, with an Nvidia executive.

Huang never denied the first affair. But he stayed CEO.

Lawmakers have ALREADY demanded he go. Sen. Kevin Cramer: "As a matter of his own conscience, he should resign."

The WSJ reported the board was preparing to OUST him.

Today, Huang resigned as President, CEO and member of the Board, effective IMMEDIATELY.

The CFO is now interim CEO. The board is drafting a candidate list to make it permanent.

That's about 10% of all of Nvidia's value, gone before the opening bell.

On top of the nearly 7% that already vanished in the 3 sessions after his confession.

Here's the part the headlines skip:

The board spent 4 days publicly backing the man who had run Nvidia since 1993.

Then, per The Verge, it responded by becoming the board that ousted him.

That's not a resignation. That's an ouster.

Nvidia reports earnings on November 17 without its founder. I'll break down every number first, so follow me.

[The Money Letter @TMLwire]

if you'd like to understand Russia's level of wealth, here you go.

the area in blue has a larger GDP than the area in red (yes, really)

[The Money Letter @TMLwire]

One Chinese warship near Taiwan is noise. More than 100 warships and coast guard ships closing around it, with no warning, no name and no end date, is a pattern.

And every one of them points at the same goal: cutting Taiwan off from the world by sea and air.

Navy: the carrier Liaoning took a strike group deep into the Pacific, between Taiwan and Guam.
Navy: the Fujian, China's newest carrier, sailed out of its Hainan base heading east.
Air force: 49 military flights around Taiwan in a single day.
Coast guard: ships moved in with the navy to close a tight ring around the island.
Drones: Chinese WZ-7 spy drones flew twice in one day through the gap between Okinawa and Miyako. Japan scrambled fighter jets.

China announced and named its last 4 big drills around Taiwan. This one has no name, no notice and no end date.

That's 2 of China's 3 carriers and at least 4 of its 10 missile cruisers at sea. Ships from 3 separate military commands at once, something that rarely happens.

Now look at what all of it is propping up:

4 Chinese task forces sit between Taiwan and Guam, right on the route US help would take. The moment that line holds, Taiwan doesn't get rescued. It gets cut off.

Taiwan's security chief Joseph Wu put the count at more than 100 Chinese navy and coast guard ships at sea.

Japan's prime minister Takaichi said last year that a war over Taiwan could be a "survival-threatening" situation for Japan.

A Taiwan war is no longer a theory. And Japan is not watching from the outside.

If this ring snaps shut one day, you'll wish you had followed me from this week.

[The Money Letter @TMLwire]

If you are the winner of the next iPhone
with faster accounts, God willing

Which color would you choose?
Quote and tell us
The draw is in two days, God willing
Good luck to everyone

[The Money Letter @TMLwire]

IRAN JUST TOLD EUROPE: IF A US JET TAKES OFF FROM YOUR SOIL TO STRIKE IRAN, THAT BASE GETS HIT.

Today, Iran's security chief Mohsen Rezaei said Tehran will target US military bases in European countries: "Wherever American planes take off from, we will regard it as a threat against us."

This is not what you've been told.

Yesterday, a US Air Force spokesman went on the record with CBS.

He said: "U.S. military aircraft are hosted in accordance with access, basing, and overflight agreements with our Allies and partners."

THAT SAME WEEK:

The US flew 10 KC-135 tankers out of RAF Mildenhall to Germany, Spain and Scotland.

Wall Street Journal sources blamed a threat from Iran.

A US official told CBS of "credible threats" against UK bases. But the Air Force refused to say more.

Rezaei warned every country that hosts US forces: do NOT cooperate with an attack.

The hardline daily Kayhan had ALREADY named US and NATO sites in Cyprus, Greece, Romania, Albania, Italy and Britain.

An Iranian lawmaker named Italy and Germany outright.

Rezaei then threatened to hit "some islands they think our missiles cannot reach."

In March, Iran fired 2 missiles at Diego Garcia — an island base roughly 4,000 km from Iran.

That's DOUBLE the 2,000 km limit Iran once called self-imposed.

Here's what no one is telling you:

The US launched strikes on Iran from British runways.

Iran responded by becoming the threat over every country that hosts US jets.

That's not a basing agreement. That's a target list.

Briefing rooms filter this war. I don't. Follow me for the parts they leave out.

[The Money Letter @TMLwire]

Iran's Guards say two oil tankers just hit naval mines and caught FIRE in the world's most important oil lane.
37 ships attacked there in October alone. The most of the entire war. 10 more already in November.

Even the Saudi pipeline that bypasses Hormuz was hit by a drone in September.

So a Saudi escape plan is back:

The SALMAN CANAL.
A man-made sea route cut across Saudi Arabia.
Tankers could skip Hormuz completely.

Estimated price tag: about $140 BILLION.
Now in planning with local and foreign engineers.
Build time: about 4 YEARS of nonstop work.

Before the war, about 20% of the world's oil and LNG went through that one strait.

Hormuz is still under attack and this canal plan is back in play. Follow me so you catch the next move first.

[The Money Letter @TMLwire]

NVIDIA'S CROWN JEWELS ARE SITTING IN BEIJING RIGHT NOW.

I have a friend who works in the chip industry. He told me this week: "Everything has been leaked to China. They will be making these chips within a year."

That's when I knew this "nothing was compromised" line was theater.

Here's what happened in the last 5 weeks:

→ Nvidia "assured" everyone that no secrets were compromised, right after its CEO admitted the affair
→ U.S. officials say Alice Huang was funneling information to BEIJING
→ China used the CEO's own lover to walk around every export ban Washington built
→ Hedge funds were STILL dumping NVDA AFTER the board promised a full review

The Nvidia that says nothing leaked and the China that is already building the chips are TWO DIFFERENT WORLDS.

One set of secrets. Each Chinese factory free to copy it. Each with Nvidia's own blueprint.

Wall Street understood immediately. Wall Street didn't pause. It sold. It kept selling.

If the company's own CEO can't enforce the secrecy, the "nothing was compromised" line doesn't exist.

The real crisis hasn't even started yet.

Repost this before it gets buried, and follow me for the next part of the Nvidia story.

[The Money Letter @TMLwire]

The ground SHOOK across Ukraine overnight.. and nobody is explaining why.

First came the blasts.
Powerful explosions in Kyiv, Zhytomyr and Vinnytsia.

Then the shaking.
Houses trembled and dishes rattled around Dnipropetrovsk and in Cherkasy.
Rivne in the WEST. Dnipropetrovsk in the EAST. Same loud noises, same ground vibrations.
Near Kyiv, it was so strong that small children woke up crying.
Some people say doors swung open by themselves and plaster fell from ceilings.

Felt in MANY cities. In ONE night.

Now the strange part:
The European seismic center EMSC recorded NO earthquake in Ukraine.
The authorities have said NOTHING.

Same night, Russia says its drones hit power substations in the Kyiv and Dnipropetrovsk regions.
Hours later, US-led talks between Russia and Ukraine opened in Abu Dhabi.

So what made the ground move from Rivne to Dnipro?

When the next night of blasts and shaking hits Ukraine, it lands here first. Follow me so you don't hear it late.

[The Money Letter @TMLwire]

304 MILLION PEOPLE NOW LIVE OUTSIDE THE COUNTRY THEY WERE BORN IN. HERE'S WHERE MOST OF THEM WENT:

🇺🇸 USA — 52.4 MILLION immigrants, the MOST on Earth
🇩🇪 Germany — 16.8 million, MORE than any other country in Europe
🇸🇦 Saudi Arabia — 13.7 million
🇬🇧 UK — 11.8 million
🇫🇷 France — 9.2 million
🇪🇸 Spain — 8.9 million
🇨🇦 Canada — 8.8 million
🇦🇪 UAE — 8.2 million
🇦🇺 Australia — 8.1 million
🇷🇺 Russia — 7.6 million
🇹🇷 Türkiye — 7.1 million
🇮🇹 Italy — 6.6 million
🇯🇴 Jordan — 5.3 million
🇺🇦 Ukraine — 5.1 million
🇮🇳 India — 4.8 million
🇵🇰 Pakistan — 4.2 million
🇮🇷 Iran — 3.8 million
🇲🇾 Malaysia — 3.8 million
🇯🇵 Japan — 3.4 million
🇰🇼 Kuwait — 3.3 million

In 1990 the total was 154 million. It has nearly DOUBLED.

Elon Musk's warning, in his words:
"A welfare state and free immigration will obviously bankrupt any country."

His case, step by step:
1. Free immigration on top of a welfare state
2. The bill lands on every country that runs both: "bankrupt"
3. A post he shared says immigration decides "who will get to decide every other issue"
4. His fix: "AI + robotics"

Then the vote came.
Musk spent over $400 million backing Republicans. Democrats took BOTH chambers of Congress.
Trump on 60 Minutes: his deportation policy "might be too tough." "That hurt me."
The day he taped it, he named Stephen Miller, who built that agenda, his chief of staff.

My call for the next 3 months:
Immigration becomes the FIRST big fight of the new Congress
Trump calls a deal with Democrats "actually doable." With Miller running his staff, I expect it to stall
Every election from here gets fought on ONE question: who gets in

The new Congress sits in January. Follow me now, or you'll wish you had when the border fight starts.

[The Money Letter @TMLwire]

أهدي 1 بيتكوين (BTC) لشخص عشوائي!

كما وعدت، سأرسل 1 بيتكوين (ما يعادل حوالي 75,000 دولار) لأحد المتابعين المحظوظين.

للمشاركة: قم بالإعجاب (Like)، وإعادة التغريد (Retweet)، واكتب "BTC" في التعليقات.

* ملاحظة: إذا لم تكن من المتابعين، فلن يتم احتساب مشاركتك.

سيتم الإعلان عن الفائز خلال 24 ساعة!

سيتم إغلاق باب التعليقات بعد مرور 24 ساعة،
وعندها سيتم الإعلان عن اسم الفائز.

حظاً موفقاً للجميع!

[The Money Letter @TMLwire]

🎁 iPhone 18 Pro Max Lucky Draw 🍎🔥

Choose a lucky number from 20–72 👇

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🔒 12 of the numbers will hide a surprise grand prize of iPhone 18 Pro Max.

🎉 12 lucky winners will be randomly selected after 72 hours.

How to participate:

❤️ Like this tweet
🔁 Retweet
👤 Follow
💬 Leave the number of your choice in the comment area

Please choose carefully. 👀🍎

Good luck to everyone! 🤞

[The Money Letter @TMLwire]

🚨 Every night over Hormuz, Iran's radar crews face the same choice: switch on and get exposed, or stay dark and go blind.

And nobody is connecting the dots.

MOVE 1: The bait. Cheap US decoy drones, not multi-million dollar jets, fly at Iran's coastal air defence.
Radar ON for a few seconds: US electronic spy planes record the site's position, its frequency, its blind spots and the crew's reaction time.
Radar OFF: the aircraft flies straight through and can drop guided bombs on the site.
Either way, Iran LOSES.

MOVE 2: The proof. On November 6, a US fighter jet hit an Iranian surface-to-air missile launcher on Qeshm Island. Iran's Tasnim says 2 missiles struck.
Trump: "We do minor strikes, but they built a little bit of an anti-aircraft device and we knocked it out in about 15 minutes, maybe five."
Most people read it as routine payback. It is a HUNT.

MOVE 3: The line. Qeshm. Larak. Sirik. Jask.
Since November 2, the US has hit Qeshm twice and taken out 2 launchers on Larak. Iranian media report blasts at Qeshm, Sirik and Jask.
Qeshm and Larak sit over the narrowest shipping lane in the strait. Sirik and Jask push Iran's radar and anti-ship missile reach into the Gulf of Oman.
The IRGC spent years building radars, surface-to-air missiles and mobile anti-ship launchers here. That shield is being PEELED.

MOVE 4: The bill. Every interceptor Iran fires at a cheap decoy is one less in the stock.
The launcher that fired it is spotted within minutes. Then it gets hit.
Every night the US target list gets LONGER, and Iran has one less air defence post on the strait.

MOVE 5: The timing. The November 6 Qeshm hit was the first US attack since the midterms. More US jets and warships keep moving into the region. US officials are discussing broader strikes.
US carriers and tankers move freely at sea. The IRGC stays on edge all night.
Iran went to Code 100, its highest alert, and dispersed forces across the south (initial reports).

Connect the dots:

Decoy drones = MAPPING of Iran's radar net
Qeshm in 15 minutes = PROOF of how fast it falls
Qeshm to Jask = PEELING of the coastal shield
Every shot fired = DRAIN of the interceptor stock
Midterms over = END of the political pause

This isn't chaos.
This is a TAKEDOWN.

Military name: SEAD and DEAD. Suppress the air defences, then destroy them.
Clear the coast first, and the corridor opens for US fighters, B-2 stealth bombers and cruise missiles to reach missile factories, command centres and nuclear sites deep inside Iran.
The same coastal launchers are what let Iran threaten every tanker that passes through the strait.

No order for a big strike is public. Stripping the coast is also a warning on its own.
But the outer armour is coming off.

Radar by radar.
Launcher by launcher.
Island by island.

If a big strike comes, the door inland is already open a crack.

The headlines say minor strikes. If you want the full picture without the spin, follow me and share this.

[The Money Letter @TMLwire]

@moneymotive888 $100

[The Money Letter @TMLwire]

@MrMikeInvesting give me

[Dray @drayinvests]

You missed $AMZN when it fell 94% in 2001.

You missed $META when it fell 77% in 2022.

Don't miss these 4:

1. $ORCL: -57%. The cloud powering AI for OpenAI, Meta, and more.

[The Money Letter @TMLwire]

Back on X

[The Money Letter @TMLwire]

overlay enough charts and everything looks like 2000

[Justin Unruh @JustinUnruh16]

@macropaperr The current S&P 500 chart looks scarily similar to the dot-com bubble fractal. I consistently count on you and @DangerDaveINK as my ultimate guides for financial data.

[The Macro Paper @macropaperr]

Dot com bubble fractal overlaid on the current S&P 500 chart.

This looks scarily similar.

[Prof @TheProfInvestor]

And somehow, the numbers get even crazier.

1,400 US stocks are trading 60% or more below their 52-week highs.

But here's the one that really blew my mind.

2,600 stocks are down 70% or more from their ALL-TIME HIGHS. 🤯

Think about that for a second.

A brutal bear market happening underneath the surface.

WOW.

[The Money Letter @TMLwire]

@LongGameEquity Intel fumbled its own guide, thats on Intel. AMD is a different company.