We know what’s coming and we are prepared.
Black Monday on Global Stock Exchanges: The Situation
- Catalyst: The largest drop on the Japanese Stock Exchange since 1987—down 13%. Trading halted.
- South Korea: Trading halted after a 12% drop.
- Japan: Bank stocks fell by 20% before trading was halted.
- Taiwan: The Taiwan Stock Exchange Index fell by 10%—the largest single-day drop in history.
- Turkey: The Istanbul Stock Exchange also plummeted by 7%, leading to a trading halt.
- Robinhood: One of the largest private brokers, stopped trading on its platform.
- Pre-market losses: Across the board—Nvidia -10%, Tesla -12%, Apple, Microsoft, Google, Amazon -10%.
- Bitcoin: Dropped below $50,000, followed by altcoins.
- Oil price: Fell to $76.
European Stock Indices:
- Germany DAX: Down 2.6%
- UK FTSE 100: Down 2.8%
- France CAC 40: Down 2.4%
- Spain IBEX: Down 2.6%
- Italy FTSE MIB: Down 2.8%
Notable Declines:
- Banks: Societe Generale down 3.8%, Barclays and Santander - 3.4%, Deutsche Bank - 4.4%, Commerzbank and Intesa Sanpaolo - 3.2%, Unicaja Banco - 4.1%, Banco de Sabadell - 3.6%, BBVA - 3.3%, UniCredit - 4%.
- Automakers: BMW down 3.3%, Porsche and Volkswagen - 3.9% and 3.5%, Daimler Truck and Mercedes-Benz - 2.7%, Renault - 4.6%.
Cause of the Panic:
There's no single reason for the panic; it's a complex set of factors, with fears of a recession in the US being prominent. The collapse of the Japanese market, seen as a major US ally, was a red flag for many traders, triggering a rapid and uncontrollable market sell-off. The situation continues to unfold.
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Yanis Varoufakis (former Greek Minister of Finance) describes AI as a new form of capital that produces not goods, but behavioral modification. This is achieved by engineering perceptions.
The answers provided by ChatGPT, or the images rendered by StableDiffusion — as these increasingly inform our perceptions, they in turn define the reality we experience.
This is what makes AI so powerful — he who controls the AI, defines the reality of tomorrow.
⚡️🇺🇸 Some more things coming out for the 2026 National Defense Authorization Act (NDAA).
Under the preliminary drafts of the bill, the USAF is requesting a release of $57,000,000 USD ($57.0 Million) to retire all remaining 162 A-10 Thunderbolt IIs in current service. Apart of the 2023 NDAA, there was a clause for a few million dollars to be released every so often to gradually retire the (then) 250 airframes by 2034; however due to the push by the Dept of Defense to ‘shed’ obsolete or obsolescent airframes that cannot be overhauled or upgraded further without a whole new airframe, it appears the USAF wants to retire all 162 remaining A-10s by the end of 2026.
The USAF plans to fully divest the 340-total remaining A-10s entirely, including those that currently serve in a handful of Air National Guard units in some states; which will be replaced by F-15EX Eagle IIs (like what is already happening with the Michigan State Air National Guard’s A-10s), or F-35A/Bs.
Included ...
My older sister lives in the country in between Velma Oklahoma and Duncan Oklahoma near the Fuqua Lake area, this story was told by a rural mail delivery woman who delivers the mail in the country.
The incident happened while she was on her route, when she came upon to the mailbox a male Chinese nation came out brandishing a, AK-47 rifle being very hostile,
I don't know if he pointed it at her since it is against the law to do so but she was terrified and said she was never going back and that the location that had a guard tower. Was the sheriff department notified, I don't know, did she notify her supervisor, don't know. But word is from the country folk who live in the area they have seen the guard tower at the pot place;
I refuse to call it a farm because it is an insult to farmers.
And yes she was traumatized by that ordeal
