The vault is still full. The defense budget just doubled.
One seizure in 2022 rewired how entire continents store wealth.
Twelve tonnes became 66 after a nine-month blind spot.
A Prime Minister begged. The answer was no.
Hiking breaks the budget. Holding breaks the dollar.
Raw costs surged 20.9% in the same report no one opened.
One models a historic shock; the other calls it "elevated."
JPMorgan built a model for the damage. The math is personal.
The market moved on, but the ledger never did.
The budget line that emptied a vault.
Modi asked 1.4 billion people to stop buying. They won't.
Warsh just inherited the same conditions Burns faced in 1970.