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Ryan Crouser goes 22.93m in Zagreb 🇭🇷 Results after making his latest technical change: 22.49m ➡️ 22.66m ➡️ 22.93m

21,695 Aufrufe • vor 1 Jahr •via X (Twitter)

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OIL FUND CHIEF'S NIGHTMARE WARNING: WHY NORWAY'S ENTIRE OIL FUND MAY GO TO ZERO The man who more than doubled Norway’s Oil Fund to over 22,000 billion kroner has just said the unthinkable out loud. Nicolai Tangen states that the fortune could simply disappear. What follows is a cold-eyed look at biological terrorism, AI-enabled threats, and the brutal pattern of history that has erased every previous national wealth. THE CORE WARNING ➡️ Tangen declares the Oil Fund can go empty. It can vanish. ➡️ An atomic war or biological terrorism would render the entire fund essentially worthless. ➡️ He calls bio-terrorism “quite probable, at least not improbable,” and notes AI is making it easier for more people to create such threats. THE HISTORICAL PATTERN ➡️ No great national fortune in history has ever lasted. Almost no private ones either. ➡️ Spain grew rich from the Americas then watched the money drain away through inflation, foreign creditors and endless wars. ➡️ Argentina ranked among the world’s richest nations at the start of the 1900s and has since fallen to 76th. ➡️ Britain financed two world wars by selling assets and borrowing, then saw the remaining wealth disappear. ➡️ Even the Norwegian town of Arendal went from richest city to collapse when it failed to adapt. THE DEPRESSION RISK ➡️ Markets have so far produced sharp V-shaped recoveries after crises. ➡️ Tangen fears an L-shaped crisis that does not rebound for years. ➡️ He sees parallels with the late 1920s: rapid technological progress, extreme optimism, high stock valuations and rising debt. ➡️ An 80 percent drop in the equity portion (70 percent of the fund) would wipe out more than 12,000 billion kroner. ➡️ That would cut the annual spending rule allowance roughly in half, from around 579 billion to 290 billion kroner. THE BOTTOM LINE Norway’s Oil Fund is the largest of its kind and has been extraordinarily successful. Tangen is now forcing the country to confront the possibility that even this fortune is not permanent. History has never allowed a national wealth of this scale to endure forever. #OilFundWarning #Tangen #NorwayWealth #BioTerrorThreat #HistoryRepeats #SovereignWealth #AIRisk

Mark

21,402 Aufrufe • vor 12 Tagen