Veetsam retweeted
Ponzi scammer turned "king" Noah Musingku has reportedly died in Bougainville, Papua New Guinea.
Just two years ago his cult followers were telling me he would reign for a thousand years after making them all trillionaires.
This guy went from running a massive pyramid fraud in the 1990s to establishing his own self-styled kingdom at the center of a remote, war-ravaged Pacific island.
He set up his own banks and printed his own money, and built a devoted following among Western conspiracy theorists and "sovereign citizens".
In the U.S. alone, millions of dollars were lost in frauds linked to Musingku's currency.
One of the only people to put anyone behind bars for it was Rob Sand (@RobSandIA) — then an Iowa prosecutor who is heavy favorite to be elected as the state's Democratic governor next month.
Veetsam retweeted
Everyday Buddhist: Pause throughout the day to check in with yourself. Notice when you’re caught up in thought or emotional reactivity. The more you do this, the more intuitive it becomes.
Veetsam retweeted
As always, happy to sharing my work with you.
if you liked this overview, pls share it with others who might also be interested in my views — that often are not what the consensus wants to hear. 😁
Veetsam retweeted
Oleschky und Russlands Zivilisationsbruch🧵
Russland war einmal prägender Teil der europäischen Kultur- Wertegeschichte, zu der die Entwicklung des Völkerrechts gehörte.
Russlands Gesellschaft hat sich von Europas Zivilisation abgewandt.
Welche Konsequenzen hat das für uns?
1/10
Russia is deliberately creating a humanitarian catastrophe in the occupied part of the Kherson region. It is blocking access to food and medicine, obstructing humanitarian access and the evacuation of civilians, while Russian FPV drones hunt people in the streets.
The situation in Oleshky is particularly dire. Of a pre-war population of around 24,000, only about 2,000 people remain, including around 50 children. There is no electricity or gas. Food, medicine, and other essentials have been blocked for the past month. Horrifying reports indicate that people are searching for scraps of food and gathering grass to survive.
Ukraine is seeking an organised evacuation, the @ICRC has confirmed its readiness to participate, and international humanitarian organisations stand ready to deliver life-saving assistance. The only obstacle is Russia.
Russia is deliberately preventing these efforts from reaching people who desperately need them, turning humanitarian access itself into an instrument of pressure.
In New York during UNGA High-Level Week, we will work to mobilise international pressure to secure humanitarian access, a humanitarian corridor, and the safe evacuation of civilians. I will also discuss these efforts with ICRC President Mirjana Spoljaric.
The international community must use its collective voice to break Russia’s humanitarian blockade, secure immediate and unhindered access for humanitarian organisations, and enable the safe evacuation of civilians. Moscow must not be allowed to turn occupation and isolation into a means of starving, terrorising, and trapping people beyond the reach of international assistance.
What is happening in Oleshky and other occupied communities of the Kherson region is the result of deliberate Russian actions, and Russia must bear full responsibility for creating this humanitarian catastrophe and for its consequences. We will not allow these crimes to remain hidden behind the frontline and Russia’s refusal to grant access to the occupied territories.
📷: @34obrmp
Veetsam retweeted
On Friday afternoon, a regulator Donald Trump appointed approved a bank Donald Trump's family owns, to issue a coin that makes Donald Trump money, under a law Donald Trump signed.
First time in American history.
Dropped at 4pm on a Friday, because they were counting on you not looking.
Here's what they buried:
The OCC — run by Trump appointee Jonathan Gould — granted World Liberty Trust Co. a national trust bank charter. World Liberty is 38% owned by "an entity affiliated with Donald J. Trump and certain of his family members."
That's not my framing. That's on their website.
"It's just a trust charter, it can't take deposits." Correct. It doesn't need to. That's not the business.
The business is USD1, their stablecoin.
You hand them a dollar. They park it in Treasuries. They keep the interest. And under the GENIUS Act — signed by Trump in July 2025 — they're legally barred from passing that interest to you.
All house money.
Friday's charter lets them cut out their middleman and run issuance, custody, and reserves in-house. Fatter margins. Federal seal. Institutional clients.
Now ask where the dollars come from.
A state-backed Abu Dhabi fund settled a $2 BILLION investment into Binance using USD1. World Liberty told Congress the deal likely would've used foreign currency if USD1 hadn't existed.
Meaning: it was routed through the President's balance sheet on purpose.
As of February, Binance held 87% of every USD1 in existence.
Binance's founder was pardoned. By Donald Trump.
Line it up:
→ He signed the law that built the market
→ He appointed the regulator
→ The regulator approved his family's bank
→ The bank prints the coin that pays him
→ A foreign government pumped $2B into it
→ It sits on an exchange whose founder he pardoned
→ The bank's board is chaired by the son of his Middle East envoy
He disclosed $57.4 million from World Liberty on one filing.
Elizabeth Warren: the first president in history to approve, operate, and supervise his own bank.
CREW: the most egregious example yet of the President's businesses profiting off his government job.
Democrats introduced the Ending Presidential Corruption in Banking Act the same day. It bans regulators from chartering banks owned by the president. It will not pass.
Watch who votes against it anyway.
The OCC says career staff handled the review and everyone met their ethical obligations. Fine. Maybe every signature was clean.
That IS the story.
Nobody has to break a rule when you own the people who write them.
They did it on a Friday because Friday is where things go to die quietly.
Don't let it.
Veetsam retweeted
Texas data center pause puts 20% of US pipeline at risk of delay: BNEF
The longer the moratorium stays in place, the greater the risk to Texas’ data center boom, analysts at Bloomberg NEF said.
utilitydive.com/news/texas-d…
Veetsam retweeted
Afternoon Meditation: The brightness of awareness is not an intellectual understanding, but an experiential clarity — an ability to see things as they truly are, in the present moment, without the filters of desire, fear, or ignorance.
Veetsam retweeted
Gift link to @nytimes story by me, @michaelcrowley and @EricSchmittNYT: nytimes.com/2026/07/12/us/po…
Veetsam retweeted
Asylum seekers allegedly face deportation to Iran, where officials could use this data to subject them to persecution, torture and death. Read more: sc.mp/e42eb6
#usa #iran #asylum #law
Veetsam retweeted
Der SDax-Konzern KSB hat sich zu einem der stärksten deutschen Industriewerte entwickelt. Er profitiert von Investitionen in die Energie- und Wassernetze, das wachsende Servicegeschäft erhöht die Stabilität. Eine Besonderheit ermöglicht den günstigen Einstieg für Investoren.
themarket.ch/unternehmen/pum…
Veetsam retweeted
Guinea bans the export of unrefined gold with immediate effect as part of a strategy to expand domestic mineral processing, create jobs, and retain more value from its natural resources. President Mamadi Doumbouya announced the policy after meeting industrial and artisanal gold producers and buyers.
The West African nation, Africa’s sixth-largest gold producer, exported more than 22 tonnes of gold in the first quarter of 2026. Authorities said a new refinery nearing completion in Conakry, with an annual processing capacity of 250 tonnes, will handle local production. Companies that violate the directive risk losing mining licenses and contracts
Veetsam retweeted
Shipping firms remain wary of the Strait of Hormuz despite this week’s U.S.-Iran peace deal. The UK Chamber of Shipping says trade volumes are unlikely to return to pre-war levels this year as operators wait for proof that passage is truly safe. #Shipping #Hormuz #OilMarkets #EnergySecurity
oilprice.com/Energy/Oil-Pric…
Veetsam retweeted
With awareness, we can see anger itself, feel its physical sensations, notice how it arises, stays for a while, and eventually fades.
Goodnight sleep tight.
Veetsam retweeted
I published an article today about KSB SE & Co. KGaA, $KSB one of the world’s leading manufacturers of industrial pumps and valves.
Industrial pumps may sound boring at first. However, some of these highly specialized pumps are essential for nuclear power plants, gas-fired power plants, copper mines, oil sands, and LNG infrastructure.
All of these end markets are already experiencing capital inflows driven by the AI supercycle. KSB supplies exactly these types of specialty pumps.
Anyone who has read Jeffrey Currie’s work also understands the link between AI and commodities. If the commodity supercycle unfolds as he predicts, we are facing a massive wave of investment into the resource sector.
This would require huge volumes of pumps from KSB.
The key point is that KSB is currently trading at a P/E ratio of only around 10, and EV/ebit of 4.7, while aiming to grow revenues by roughly one third by 2030. A “sum-of-the-parts” analysis also reveals significant embedded value within the holding structure, which accounts for more than 50% of the parent company’s market capitalization.
A high-quality business at a reasonable price, with strong long-term tailwinds. There’s not much more one could ask for at the moment. I hope you enjoy the article.
substack.com/@fwriter/note/p…
Welcome to the most asymmetric trade in modern financial history.
The thread below lays out why. The opportunity exists because capital has chased the AI trade while ignoring the physical assets AI requires to run — assets that have quietly become the best-performing asset class of the decade. Since October 2020 when we first called for the commodity super cycle: QCI Total Return +217%, GSCI Total Return +205%, Gold +140%. NASDAQ trails at +130%. S&P 500 at +85%. The top three are all commodities. Yet oil cannot get out of its own way while copper and the broader atom complex prints fresh highs . That is the dislocation. That is the trade.
Get long. Buckle in. Hang on for the ride.
Forgive the longer posts in this thread — attempting to mimic my old 10-bullet commodity takes. On to it.
Veetsam retweeted
HANetf, a European exchange-traded fund (ETF) issuer, launched its new Ukraine Reconstruction ETF on March 12. The new ETF includes publicly traded companies set to play a role in Ukraine's postwar recovery — such as European infrastructure and energy companies. kyivindependent.com/the-chal…
Veetsam retweeted
Die steuerliche Behandlung von Gold und Silber-ETCs ist teils recht chaotisch. Von steuerfrei nach Ablauf von zwölf Monaten über Versteuerung mit 25 % Abgeltungssteuer bis hin zur Versteuerung mit dem persönlichen Einkommensteuersatz ist alles dabei. Ich habe daher mit 38 Test-Transaktionen ermittelt, wie die Banken und Broker tatsächlich abrechnen und das Ergebnis für Euch in einer Tabelle (gibt es auch als PDF zum Download, Link im Artikel) zusammengefasst. Das und die ganzen Hintergründe des Steuerchaos erfahrt Ihr in meinem neuen Blog-Beitrag: finanzgeschichten.com/gold-e…
Veetsam retweeted
Afternoon Meditation: Whatever is in the future is not here yet, so do not direct your hopes and longings towards it; for, when minding about the future ceases of itself, it can be said that there is no future.
Hui Hai
ALT Bird on a cold roof.
Veetsam retweeted
Afternoon Meditation: From the birth and death of stars to the rise and fall of empires, from the smallest atom to the grandest mountains, all phenomena arise, exist for a time, and then dissolve.
To deny this truth is to remain bound by illusion.
ALT An early morning sky over Totnes after a rainy night.
