morphyt

Can't laugh

If a country is dumping gold this aggressively, it’s not a strategy—it’s a distress signal. Turkey isn’t “managing reserves,” it’s choosing which fire to put out first: defend the currency or preserve long-term wealth. And right now, the lira is losing that fight. Selling gold to borrow dollars is basically pawning your last hard asset just to stay liquid. That tells you the real issue isn’t gold—it’s a collapsing confidence cycle in the currency. The deeper irony? In a world moving toward de-dollarization narratives, a major economy is liquidating gold just to survive dollar demand. This isn’t about energy costs alone—it’s what happens when external shocks meet weak monetary credibility. Short term: lira gets breathing space. Long term: you’ve just weakened your financial backbone. Smart money is watching one thing: when the gold runs out, what’s next?

BREAKING: Turkey's central bank sold -58 tons of gold, worth over $8 billion, in just 2 weeks. Gold reserves dropped -6 tons in the week ending March 13th and another -52 tons in the week ending March 20th, bringing total reserves down to 513 tons, marking the largest drop in 7 years. Over half of the gold was used to borrow US Dollars via swaps, with the rest sold outright on the open market. The gold sales also exceeded the ~43 tons of outflows from all global gold-backed ETFs over the same 2-week period, making Turkey the single largest source of gold liquidation worldwide. This comes as the central bank is burning its FX reserves to defend the lira, which has come under intense pressure from surging energy import costs and rising US Dollar demand since the Iran War began. As a result, total Turkey FX reserves dropped ~$40 billion, to ~$175 billion, the lowest since Q3 2025. Rising energy costs are forcing Turkey to dump gold.

Culture

Lisabi Day 2026 🔥🔥🇳🇬🇳🇬

@DanielRegha Read to understand pls

Businesses seek profit. But profit isn’t the enemy—unregulated monopoly is. The real debate shouldn’t be “public vs private,” but: Can Abia design contracts that prevent abuse? Can it enforce service delivery? Can it reduce the cost Nigerians already pay indirectly? Because right now, Nigerians aren’t choosing between cheap public power and expensive private power. They’re choosing between darkness and paying whatever it takes to keep the lights on.

Let's talk about Abia State trying to privatize electricity, shall we, since obviously some of u are so brilliantly justifying it. Now in developed countries, privatization thrives because the govt seriously monitors and has regulations in place; There are good tax policies. This is one fact many of u seem to deliberately skip in ur arguments. Even ordinary filling stations, govt hasn't regulated. When u go private, tax incentives are offered, but in Nigeria taxes are heavily imposed on firms, these taxes always lead to a hike in prices, which are then paid by the consumers who are barely surviving. Just last year airlines claimed that our beloved govt imposed more than "54 taxes and charges on air travel", leading to a 35% increment in flight tickets, and most are hidden charges. Read that again, slowly. MTN also paid over $430m in taxes for 2025, and guess who will indirectly cover the taxes? Consumers with increased tarrifs. Do u think that the Nigerian govt can't provide electricity for Nigerians if they really want to? The same govt that supplies constant electricity to other countries like Benin, Togo, and Niger? Again, Dangote built his refinery in Nigeria and it's working fine, aliens didn't build it. So tell us why the govt can't rebuild or fix any of the four Nigeria already has to make life easier? You think it's a coincidence? Dangote prioritize profits and govt taxes Dangote. Now back to Abia State, let's assume Alex Otti succeeds in privatizing the electricity (that should have been provided by the govt), what makes u think people can afford it? Or the company will generously provide free services and run at a loss? And what make u think the next govt won't prioritize profit over affordability? First Abia will go private, then monopoly will take root, and it will become expensive as time goes on. This is how it works in Nigeria, sad reality. A business is established solely to make PROFIT.

Beautiful video of uncle Solade @ Lisabi day

Still on Egbaliganza Lisabi day. Yoruba has the best Cultural dress in Africa. See the colorful fashion style. Nobody come close. Beautiful to watch 😍

@Thepetsonly I love cat

@MorphytM "Right? Pets have a way of melting hearts instantly Who's your favorite animal?"

He was so friendly and loved posing for the camera! A local shop owner even shared a pic of him as a skinny stray. He's not fat; he's just full of love ❤

@JRJ_IA_2007 @stats_feed Exactly

@MorphytM @stats_feed Their game and their system, thats why nobel prize have no credit. Only to serve the western intrest.

Most Nobel Prize winners: 🇺🇸 USA: 428 🇬🇧 UK: 145 🇩🇪 Germany: 116 🇫🇷 France: 79 🇸🇪 Sweden: 34 🇯🇵 Japan: 33 🇷🇺 Russia/Soviet Union: 30 🇨🇦 Canada: 29 🇨🇭 Switzerland: 27 🇦🇹 Austria: 25 🇳🇱 Netherlands: 22 🇮🇹 Italy: 21 🇵🇱 Poland: 19 🇭🇺 Hungary: 16 🇦🇺 Australia: 14 🇮🇱 Israel: 14 🇩🇰 Denmark: 14 🇳🇴 Norway: 14 🇮🇳 India: 13 🇧🇪 Belgium: 11 🇮🇪 Ireland: 11 🇿🇦 South Africa: 11 🇨🇳 China: 8 🇪🇸 Spain: 8 🇧🇾 Belarus: 6 🇨🇿 Czechia: 6 🇺🇦 Ukraine: 6 🇦🇷 Argentina: 5 🇫🇮 Finland: 5 🇪🇬 Egypt: 5

🇮🇱🇸🇾 Israeli KC-707 tanker refueling F-15s over Syria as they head toward Iran. Aerial refueling over Syria means the mission is already in motion when this was filmed.

@MarioNawfal Cracy

@TheSerahIbrahim 😜😜😜😜 Elon is Tinubu's supporter

Whenever I post my football rants or my random tweets, I get so many views but whenever I tweet about Peter Obi, the views don’t even do up to 20k And I’ve been noticing less views on Peter Obi’s handle too There’s definitely something going on from the govt but we will overcome.

BREAKING NEWS: A fire outbreak has gutted the cold store of the Ebonyi State Ministry of Health, destroying drugs, vaccines, and property worth millions of naira.

@cryptorand Same here

Not going to tell anyone when I make it, but there will be signs...

@ThomasUthm98773 @Letter_to_Jack @lailabode @Egbaliganza__ Naso

@Letter_to_Jack @MorphytM @lailabode @Egbaliganza__ Beautiful yoruba women

YORÙBÁ! YOÒBÁ!! ARÁ Ẹ̀GBÁ!!! Our people say, Ìran Ẹ̀gbá méjì kì í jara wọn níyàn. And we all understand that. Egbaliganza today has been absolutely top tier. Our beauty, hard work, and culture are being beamed across the world with a deep sense of pride. So I have to ask, why were some people hiding behind subtle attacks and coded criticism to undermine what Aare Lai Labode has built with Egbaliganza in propelling the Lisabi Festival into a global symbol of cultural pride? This is a man who, through clear vision and execution, transformed the Lisabi Festival from what was largely seen as a celebration for older Egba people into a global cultural event that young people across the world now want to be part of. This year alone, over 50 nations are already here paying homage to the Alake of Egbaland. For the first time, the world will witness the unveiling of the Drum of Unity, a project running into hundreds of millions of naira, funded entirely by contributions from ordinary people across the world. Not corporations. People. But beyond all of that, what stands out most to me is how productivity has been deliberately brought back home to Abeokuta. Every single fabric seen at this year’s Egbaliganza was produced in Abeokuta. From Aṣọ Òkè to Adìrẹ, all made locally by Yorubas. The designs were created and brought to life by our own tailors. This is not just culture, this is economic direction. This is what it means to build something that directly empowers people. The ultimate marker of cultural success is when our wealthy and accomplished sons and daughters return home and commit themselves to strengthening their heritage while economically empowering the next generation. That is exactly what Aare Lai Labode has done. Those who latch onto trivial points and noise are not driven by substance, they are reacting to the fact that he dared to act, and it has worked. I have never seen anything like this; the level of coordination, the scale, the intentionality. The Egba Nation has not had it this good in a long time. And with what is coming, all of Yorubaland and indeed Nigeria will feel it. So at this point, if anyone still chooses to tear this down or join in speaking against Aare Lai Labode despite everything being done for culture and for people, then one must question what truly drives that stance. We cannot allow small minded agendas to undermine something with the potential to outlive all of us. Some foundations are not built for today, they are built for generations. And this is one of them. I respectfully appeal to Aare Lai Labode to continue forging ahead. The people see what he is doing, we appreciate it, and we are proud. As our forebears would say, Ìjà ìlara kì í tán bọ̀rọ̀. The noise and attacks often come from a place of envy, not strength. BÁA WÀ!!!

US technology stocks have rarely ever been this cheap: The S&P 500 Information Technology index is now trading at just a 4% forward P/E premium to the S&P 500, the lowest since January 2019. This percentage has fallen -32 points since October 2025, one of the largest discounts on record. In other words, tech stocks are the cheapest relative to the broader market in 7 years. By comparison, the technology sector was ~47% more expensive than the S&P 500 at the June 2024 peak. Tech stocks are now on track to become cheaper than the S&P 500 for the 1st time since 2017. Is it time to buy tech?

"US tech stocks are the cheapest relative to the S&P 500 in 7 years. The IT sector's forward P/E premium has collapsed from +47% in June 2024 to just +4% today. But here's what most people miss about 'cheap' valuations — a thread 🧵" Then walk through: cheap vs. value, earnings revision risk, what happened last time tech got this cheap (2019 - it ripped), and the Nigeria angle — dollar-earning fintechs like Flutterwave, Paystack's parent Stripe, etc. are priced off US tech multiples.