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Construction Fails

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A Man Of Memes

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🇫🇷 LOUVRE HEIST: JEWELS, BRAZEN MOVES & REAL-LIFE OCEAN’S 11 Noah Charney analyzes why the Louvre theft wasn't your average art heist - and how $100M in Napoleonic jewels vanished in broad daylight. We dig into: •Was it an inside job? •How did they pull it off in 7 minutes using a cherry picker, disc cutters, and construction vests •Why they’re organized, but probably first-timers in museum crime •What usually happens to stolen jewels: think grinders, not galleries •Why they didn’t need any firearms •What are they doing now, and why they’re almost certainly not going to be caught 00:00:03 – “Not an Art Theft per se”: Charney opens by clarifying that this wasn’t an art theft but a jewelry heist - a completely different criminal logic. 00:03:25 – “Like a Movie Came to Life”: The robbery feels like Ocean’s 11 unfolding in real life - cinematic precision with real-world consequences. 00:06:40 – “If they knew how impossible it is to sell stolen art, they’d never do it.” 00:09:55 – The Myth of the ‘Professional Art Thief’: “There are no professional art thieves. Just opportunists and amateurs with ambition.” 00:13:10 – “A Comedy of Errors”: Charney calls most heists “well planned but inevitably stupid” - smart on paper, chaotic in execution. 00:16:30 – “Behind every heist, there’s a shadow team - planners, handlers, financiers.” 00:19:45 – “No Plan B”: Charney explains that once ransom or resale fails, thieves panic - “Most of the time, the art just disappears forever.” 00:22:00 – Crime as Currency: How stolen art is used as collateral in the underworld - “traded for drugs, weapons, or favors, not for money.” 00:25:15 – “Jewelry Is a Different Story”: Charney contrasts it with this case: jewels are easy to move, melt, or hide - “They’re fast money, not cultural capital.” 00:28:00 – “For thieves, this isn’t about beauty or history. It’s one day’s work for a lifetime’s profit.”

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1,554,557 Aufrufe • vor 1 Jahr

Yet another CTV infomercial for Carney's investor summit. CTV is selling the summit as Canada attracting $450B-plus in investment. What Trinh is not explaining is the risk transfer Large pensions and sovereign funds already finance big projects when the returns and rules work. They do that without a prime minister and 13 premiers pitching a curated list. They are being courted here because many of these 167 files are greenfield, political, and not yet bankable on real life commercial terms So Ottawa is stacking the public balance sheet underneath them: * a $25B “sovereign wealth fund” seeded with borrowed money * CIB, EDC and other Crown lenders * loan guarantees, including a $10B Indigenous program * tax credits and other incentives * officials’ own figure: about $280B in public support to “catalyze” $1T That is not pensions taking the risk they normally take. It is taxpayers taking first-loss, junior capital, guarantees, and the political rescue if a $57B Churchill port, a $35B pipeline, or a $44B wind project slips Canadians did not vote for a model where cabinet picks the catalogue, politicians close the room, and the residual downside sits with the Crown. They were told this is private capital building the country. The missing sentence is: private capital comes in after the public has made the deal safer Trinh then airs Mark Podlasly of the First Nations Major Projects Coalition as if this were only partnership: bring a First Nation in as a co-investor, it becomes a co-proponent, “and the chances of it moving through faster without opposition.” That is the quiet price of the approval system. Duty to consult is real. Equity can be a legitimate stake. Stated this bluntly, it also sounds like an extortionary toll. Capital and public guarantees buy a quieter path; refuse the cut and you keep the delay. Taxpayers are again in the stack, this time financing the buy-in that is supposed to clear the politics If the projects work, funds and foreign SWFs collect contracted returns. If they do not, Ottawa has already staked its reputation and taxpayer dollars on them. That is how a photo-op becomes a contingent liability Has anyone asked the Parliamentary Budget Officer to cost this? The PBO has already said the Canada Strong Fund is a leveraged bet — borrowed money, thin design details, unclear how interest on that debt even counts against “commercial returns.” What has not been requested, or at least not answered in public, is the full stack: guarantees, Crown loans, tax credits, and implicit bailouts if the pitch book fails. Trinh’s piece never asks who pays when construction reality hits. Neither, so far, has Parliament asked the PBO for that number PBO-DPB Judy Trinh
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