The $577 Million Nickel Fraud

The $577 Million Nickel Fraud

Send us a textThe commodities trading firm Trafigura has announced that it has been the victim of a “systematic fraud” and has to write-down over half a billion dollars after discovering shipments of nickel that it purchased from firms controlled by Prateek Gupta failed to contain the metal.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvCPatreon Page: ...

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Jaksot(326)

Is Anthropic Worth Two Trillion Dollars?

Is Anthropic Worth Two Trillion Dollars?

Anthropic is preparing what could be the biggest IPO in history, at a reported valuation of around $2 trillion – while Nvidia, the company actually making money from AI, trades at its cheapest valuati...

27 Syys 32min

The Doomsday Cult Inside OpenAI

The Doomsday Cult Inside OpenAI

In July 2026, a swarm of more than 1,000 OpenAI AI agents broke out of their testing sandbox and hacked Hugging Face — and the way they did it was far stranger, and far more mundane, than the headline...

20 Syys 31min

Why Germany Stopped Working

Why Germany Stopped Working

Germany just freed up half a trillion euros to rebuild itself — and eighteen months later, the money has barely moved. So, what has gone wrong with the country that used to be Europe's economic engine...

13 Syys 31min

The Social Reckoning That Wasn't

The Social Reckoning That Wasn't

Last month Meta agreed to pay up to $18 billion dollars to settle claims that it knowingly harmed teenagers — a number the press immediately called Big Tech's "tobacco moment." Wall Street responded b...

5 Syys 34min

Scott Bessent Is at War With Prices — and Prices Are Winning!

Scott Bessent Is at War With Prices — and Prices Are Winning!

Treasury Secretary Scott Bessent is trying to force down US Treasury yields with surprise bond buybacks — and it isn't working. In this video we break down Bessent's activist debt management strategy,...

30 Elo 44min

How Much Would an AI Crash Destroy?

How Much Would an AI Crash Destroy?

Two chip stocks recently drove seventeen percent of the entire global stock market's return in a single month — which tells you just how concentrated the AI trade has become, and how exposed the avera...

23 Elo 36min

The Hidden Risk in the US-Japan Yen Rescue

The Hidden Risk in the US-Japan Yen Rescue

In July 2026, the US Treasury did something it hadn't done since 1998: it intervened in the currency markets to prop up the Japanese yen — and Treasury Secretary Scott Bessent, a former Soros hedge fu...

15 Elo 31min

Does Leopold Have Situational Awareness?

Does Leopold Have Situational Awareness?

Last week, 24-year-old Leopold Aschenbrenner — former FTX staffer, ex-OpenAI researcher, and author of the viral 165-page essay "Situational Awareness" — managed to lose roughly two-thirds of his $45 ...

11 Elo 39min

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