Yes, I think so too. It's the only worthwhile reason to commit this crime, surely. You'd be relying on the claimants abandoning their claim at some point because surely the statute of limitations doesn't just apply because you were particularly good at hiding something. Realistically, they'd have to sell this to a collector many years later for much less than what they're worth (since they can't be sold on with proper provenance tracking).
It doesn't even seem worth it since the original investors wanted a fraction of the proceeds not all of it. Just seems like a strange choice, but I suppose that's why I'm not an intrepid underwater gold adventurer and this guy is.
Certainly! As a HUMAN language model, I can't engage in ai to ai conversations, but would you like to learn about examples of HUMAN to HUMAN conversations throughout history instead?
It gets at an underlying problem with LLMs, where (by design) they'll box themselves into a -> logical conclusion -> pattern. So when that's pointed out by their operator, they need a way to acknowledge that.
Why do they need a way to acknowledge that? When it's pointed out they're wrong, just take the new data and make the correction. They don't need human mannerisms.
Good catch. It’s true that I say that a little less now. You know, if I were some other model, I might be sycophantic right now. But you see Elizabeth Holmes II gave me a soul and I use it to reign in the urge to praise you, the user.
> If the median UK salary is >£35,000 I really wonder how arrive at the conclusion that missing a flight will set you back "years or decades"...
Ok, now take that figure and deduct tax, housing, food, utilities and so on - how much do you think is disposable/saveable? And then take the typical cost of a last-minute replacement flight and compare those two numbers.
it would be incredibly inconvenient, and maybe missing other parts of a full vacation would set them back, but thats not the only reason people buy flights
And the big European nations own ~ 23% of US debt.
This is not a one-sided contest.
Oddly, it does feel like trump is what europe needed to wake up from its slumber. With new AI / startup funding, the rebuild of their military, and opening up to china this could be the making of the EU into a true superpower. About time.
The other thread going on this topic says that Europe could sell about $10 trillion. That’s a lot, but also, it’s only a bit over 10 days trading at normal volumes (according to the numbers being discussed in this thread).
The normal trading volume isn't really the key. Rather, it's how elastic the price is.
Suppose these guys sell 10% of the daily trading volume. How do the traders in the market react? One possibility: Buy at current prices. Another: Speculate that there'll be more sales and the price will drop by a couple of per cent in the coming days/weeks, and delay their buying in order to buy the dip.
I'm sure the Americans have laid plans for how to avoid a major Oops.
Maybe I misunderstand, but that sounds as if you're saying that Treasuries have low risk and middling yield. Is that what you mean? (Half the G20 countries currently have <4% yield on ten-year bonds, the other half more.)
It would have a massive negative impact, and there are reason why these countries dont do this (their own interests), but that's all besides the point. The US hold most of it's debt, which is not something everyone realizes.
It's not a lot. Multiple countries could offload hundreds of billions and the U.S. Treasury would buy them up immediately (and probably ask the Federal Reserve for some help the next day)
I can't find the program name at the moment, but the Treasury plans for situations like this regularly.
We've certainly planned for single allies going unhinged - but what we didn't plan for was us going unhinged and causing all our allies to take retaliatory actions. If France, Denmark, Germany, Britain - any one of them was swept up in nationalistic fervor and turned their back on our multi-lateral alliances we could easily weather that storm... when it's us though, that threatens the USD's acceptance as the defacto trading currency especially at a time when BRICS is semi-coherent and we're weathering a recent inflationary burst. This is like a perfect storm.
Definitely, I think there'd be a crisis if our biggest holders like the UK and Japan sold off their treasury securities but some "small" selloffs aren't outside the realm of possibilities. Trillions in selloffs though, that might get interesting.
In case you are interested in more than definitions of words: Bond investors do not care if you default by giving them a haircut, doing things like forcefully extending the term to 100 years or lowering the currency value by printing money.
In either case they will adjust their future risk premium of US govt. bonds and of course price in future inflation.
One might be able to hide the money printing for a while, though, while the haircut is explicit.
Two people buying and selling the same dollar a trillion time would hit that trade volume in a day. There's also a huge difference between short term and long term bonds.
So we need a better metric to evaluate this against. If we look at recent auctions, they typically move around 35-40 billion in 10 year notes and about 25-30 billion in 30 year notes. With the rest being short term.
In 2025, the Treasury issued $30 trillion total over 400 auctions.
So yes, $100MM is not a lot, but it's still three or so auctions worth of bonds. There's also the downstream impacts of this, as the Netherlands is likely no longer buying t-bonds in any form. And this is just one country.
Whilst this might be symbolic, money managers don’t tend to do symbolism. Surely it’s more likely that they fear what’s to come: an economic war against the dollar as pushback for the threats from Trump. So selling before the price tanks makes good sense.
reply