Rob Mc

@izakaminska Wins the internet, even on a day like today

To whom it may concern. It is with a degree of reluctance that I find myself compelled to draw attention to a rather serious wrong that has, of late, afflicted the monetary world. It is a wrong that bears significant systemic consequences for all of us, albeit mostly for me. It relates to the unfortunate usage of the term “pegging” by parties operating outside financial and monetary contexts. This "appropriation" is now giving rise to a degree of stigma, with negative digital externalities, for those of us who still primarily associate the term with its original financial usage. I would respectfully remind readers that such usage — leaving aside carpentry, camping, and clothes-hanging — has a long-standing heritage dating back to at least the 1930s: a rightful original claim, if ever there was one. This is why I have decided, as of today, to launch an unofficial campaign to reappropriate the term for its rightful monetary application. Why now? In what can only be described as a fairly profound display of innocence, when I decided to rebrand my stablecoin publication to ThePeg.co (formerly Cash Equivalence), I was not aware that the term had, in recent years, been… err, repurposed to denote what might be put mildly as an expression of female empowerment. I realised something wasn't quite right while at lunch with a male bank equity analyst late last year, specifically when he began to chuckle awkwardly upon the reference. I have since educated myself on the term’s “other” meaning, which (as far as I can tell) has a rather less illustrious pedigree, emerging only around 2001. The proper financial usage, I should point out, was chiefly popularised in the aftermath of Bretton Woods, when the dollar was famously pegged to gold and other currencies to the dollar. This is why the name seemed a perfect fit for a publication focused not just on stablecoins, but on the broader rewiring of the global financial system. Central bank archives, I would stress, are jam-packed with pegging references — currencies pegged, rates pegged, regimes pegged, etc. Pegs everywhere. Given this rather weighty heritage, it seemed difficult to justify retreat upon familiarisation with the more salacious application. On reflection, in a supposedly female-empowered era, there was really only one option: lean into the faux pas. It is not the first time, after all, I’ve been caught out by my naivety (famous Virgin Atlantic story, IYKYK). Moreover, as a long-time James Bond fan, I decided it was about time that the finance industry loosen its tie, ditch the stiff demeanour, and indulge in a bit of tongue-in-cheek humour like they used to in the good old eurodollar days. Alas, the real trouble began when I set up my new email: @thepeg.co It turns out that corporate email filters, now the vigilant defenders of professional decorum in an increasingly no-fun-allowed environment, preemptively block even entirely respectable emails if they originate from an outfit called thepeg.co. This is, understandably, a problem for a journalist who needs to engage in overt solicitation to land stories. For now, I have resorted to my other "safe for work" domain, the-blindspot.com (ironically named, given this story). But this is proving suboptimal. This is why, after yet another pingback, I decided today something more proactive needs to be done. Hence, the woeful publicisation of my story in the hope of stimulating an organic, widespread reappropriation campaign — one that may yet compel corporate filters the world over to open up to The Peg. At this point, I would gently remind readers that it's not just the most powerful central banks and publications in the world that boast ample references to pegging. There are 7,263 references to things being "pegged" in the Financial Times alone. I attach pictorial evidence of such respectable historic usage, in the hope it might assist those wishing to lobby their web managers on my behalf that pegs should not, in fact, be blocked. Thank you for your attention to this matter. The destigmatisation of “pegging” is no laughing matter. We must work together to restore the term to its rightful place in monetary discourse.

@badcharts1 With added SUGA??

I'm getting ready to eat some CORN flakes. Yeah, super cryptic... But I'm sure you'll figure it out.

@admcollingwood When is the word you are looking for... Not if

What would happen if the Gulf monarchies start liquidating their sovereign wealth funds to pay the bills?

@bunchofnumberz1 @Geo_papic And what is the flow of those barrels from SPR? US SPR can only release at 1.4m bpd, and thats the biggest release We have lost 10-12m bpd.

@Geo_papic Interesting. And why is there no discussion of the global SPR picture? I can’t see how we have an immediate oil crisis with 4 billion barrels ready to go. x.com/bunchofnumberz…

Seems kind of relevant but I hesitate to repost lest the bears lose their minds!

@SloCan68 good returns beat my Uranium/oil/gas/coal/copper/tin/gold version

Whoa 😳 My All #uranium Only Portfolio closed up 10.05% ... Today!

@SloCan68 Month

@SloCan68 And how much is it down in the lastont

My All Only Uranium Portfolio is up 100% in one year. Perspective.

@Geo_papic Noo!!!! Jahiera!!!

I am trying to milk our human dominance for everything it has... while we have it. (Anyone catch the reference?)

@Geo_papic Baldur's Gate - Viconia??

@philippilk Trump's statement said military targets on Kharg, and specifically not the oil facilities....

The oil war is escalating. Why would the Americans want to drive the oil price higher? I have no idea anymore. 🛢️📈

@Big_Orrin wmds... Again

@agnostoxxx @rossiadam Do you really actually read the FT anymore..?

@rossiadam My corner of the FT will still work bruv

In five years, when AI is integrated into everything, can you imagine what will happen when there is an outage? What if the AIs at Anthropic, OpenAI, xAI, Google all went dark at the same time?

@HedgieMarkets Believe nothing. Is that your boss on zoom confirming to make that payment.... Err no

🦔 This video shows a podcaster transforming in real time into Taylor Swift, Trump, Epstein, and others, switching genders, ages, and faces while speaking. All generated live. The tools to do this are now accessible enough that someone with a weekend and basic technical skills can build a system that takes trending topics, generates a script, renders a clickbait video, and uploads it automatically. My Take What strikes me is how quickly this moved from "impressive demo" to "anyone can do this." The barriers keep dropping. You don't need a studio, you don't need editing skills, you don't need the person's consent. You just need the software. I keep thinking about what this means for trust online. We already struggle to verify text and images. Video was supposed to be harder to fake. Now it isn't. At some point the default assumption has to flip from "this is probably real" to "this might be fake." I'm not sure most people have made that adjustment yet. And the people creating this content are counting on that lag. Hedgie🤗

@MacroVoices @ErikSTownsend @PatrickCeresna @anasalhajji +1 for the follow up please

MacroVoices @ErikSTownsend & @PatrickCeresna welcome, @anasalhajji . They’ll discuss the events that have transpired in energy markets since Dr. Alhajji’s last interview in November. They’ll cover all the big geopolitical risks, and then end on the three big events he’s watching in this week’s energy markets. bit.ly/4qfojcf

@philippilk @agnostoxxx In theeam time china bought commodities/pms Now however, is Klaus on the Warpath

@philippilk You don't subscribe to le shrub? @agnostoxxx . This was the play for the 6 months post liberation day.. however, Klaus the pension fund manager did not end up selling his US bonds, he just invested all new funds into non us stocks.

European funds are moving to dump US stocks and bonds. It looks like the aborted Danish op is going to have an effect. Expect gradual divestment of US assets. It won’t create a crisis immediately but it’ll lower US living standards over time as the USD weakens. 🇺🇸🇪🇺

@tdlamb And Kazakstan has no more prospective resources. KAP are exploring again - they will have a pipeline of low cost mines. Can Myriad produce in the next 10 years at an aisc of under $70?

Nearly 60% of global production comes from just two countries: Kazakhstan and Canada. Kazakhstan accounts for roughly 43% of total output. Canada contributes about 15%. Existing Kazakh mines are projected to lose close to 80% of production over the next 20 years. At the same time, global uranium demand is expected to double. The US is going to ramp up domestic production of uranium dramatically, using various levers. This is very positive for companies that have large uranium endowments in America's top uranium jurisdiction: Wyoming. Such as @MyriadUranium

@tphuang Pay $10000 for a flying hand, or why not just get up and put your trash in the bin?

Reminder that home AI service can be done by a mixture of "robots" & consumer devices. Here is "flying robot hand" taking care of your needs. A humanoid robot is not needed for most ppl.

@witte_sergei Medal of honour - allied assault. That was the one for me

We grew up with 24/7 Hitler programming on the History Channel and video games with kino like the Stalingrad intro from Finest Hour, and people still wonder why dudes love World War Two so much

@FranckenTheo That was genuinely superb. I would vote rejoin Europe if they were all like him

BDW vs Politico. Haha priceless.