SA’s banking war: Inside the battle for every rand news24.com/business/companie…
SARB will now have to hike rates into a contracting economy wsj.com/economy/central-bank…
Garth Theunissen retweeted
2021: The Triumph of Big Government.
...
2025: The Coming Debt Emergency.
2026. Developed economies debt crisis. There you go. You wanted it. You got it.
Garth Theunissen retweeted
Scott has an income of $55,000 per year.
Scott spends $75,000 per year ($10,000 on guns).
Scott grows his debt by $20,000 per year.
Scott has total debt right now of $400,000.
Scott has fixed unfunded liabilities of $1,750,000 and is less than 10 years from retirement.
Scott's own employees say that his 130% debt will be 690% by the year 2096.
Scott needs to refinance roughly $100,000 in the next 12 months to stay solvent.
What is happening now?
Scott has a Japanese friend who is his biggest lender (despite being in even more debt) that just told Scott he might need to unwind $110,000 of Scott's debt to the open market. Therefore Scot sent his Japanese friend "$50-$100" this summer to keep him calm and ask him to not dump the debt.
The credit card companies Scott borrows from are refusing to give him cheap debt anymore, and are giving him 19 year highs on interest rates.
Scott said on August 19th that because nobody is buying his credit card debt that he will "at least double" the rate he is buying back his own credit card debt with new debt he takes out. The credit card companies didn't like that and offered him even higher rates 24 hours later.
If Scott goes bankrupt we have WW3, because Scott has been buying lots of guns. Scott would rather dilute Dollars he is borrowing in and watch himself starve than go bankrupt.
You can buy 100% of the insurance in the world against Scott's insolvency for $15,700.
Scott himself has said publicly that he wants to buy insurance against himself and that people should consider buying it.
Scott's friends say they want to back his debt with the insurance against his debt - because the insurance is that cheap and the debt is that bad.
This insurance plan's cost to buy went up 30% over the last 3 days.
Why? Because people are starting to doubt Scott.
Scott is America.
The insurance plan is Bitcoin.
Garth Theunissen retweeted
Evidence that South African special forces murdered top detective shared with BBC Africa Eye.
bbc.in/4z6NbIR
BREAKING: Students who complained about Professor Jason Arday, the quality of his teaching and unwillingness to meet with them were falsely accused of racism and given lower grades than he predicted for their coursework (via @Telegraph) telegraph.co.uk/news/2026/08…
Suddenly dovish SARB floors rand as Fed decision looms
brnw.ch/21x4tOV
Garth Theunissen retweeted
Thank you to every journalist who participated in the 2025 #SanlamxSantamAwards and for your ongoing dedication to uphold the global and African standards of excellence in financial reporting.
See you at the next edition of the awards.
Garth Theunissen retweeted
📈 Graph of the week | Eskom is owed R110.5bn by municipalities, largely because broken billing systems and widespread illegal connections cripple revenue collection.
Building the J.P. Morgan of Africa: ABSA CEO Kenny Fihla outlines his vision for the banking group news24.com/business/companie…
Sitoyo Lopokoiyit, ABSA’s new Pan-African head of personal and private banking (PPB) on how he plans to unlock the power of SA’s township economy. news24.com/business/companie…
Garth Theunissen retweeted
"Times are bad. Children no longer obey their parents and everyone is writing a book."
— Cicero, 43 BCE
Elon Musk just used a joke to perform an autopsy on the American economy.
Two economists go for a hike. They find a pile of shit. One pays the other $100 to eat it.
They keep walking. Find another pile. The second economist pays $100 back to eat that one.
They stop. Neither man gained a dollar. Both ate shit for nothing.
But on paper they just generated $200 in GDP.
Musk: “That basically would count as a job. This is to illustrate the absurdity of economics.”
That is not a punchline. That is the operating system of the federal government.
Every time a politician celebrates “record job creation” this is what they are describing. Not output. Not value. Not progress. Motion.
The entire bureaucratic machine exists to manufacture friction and then invoice for it.
Compliance layers built to justify the next compliance layer. Oversight committees that produce nothing but the need for more oversight. Consulting firms hired to audit the work of other consulting firms.
Trillions circulating through systems that have never produced a single thing you can hold in your hands. But the GDP number ticks up. So everyone applauds.
The shit gets eaten. The scoreboard moves. Nobody asks what actually got built.
This is why Washington treats AI like a five alarm fire.
AI does not play the friction game. It does not form a committee. It does not schedule a review. It does not file 400 pages of paperwork no one will ever read.
It just solves the problem.
And that is the one thing the machine cannot survive.
The government does not tax results. It taxes the process. The longer the process, the deeper the cut.
AI compresses a ten day workflow into seconds. There is nothing left to bill. Nothing left to tax. Nothing left to skim.
So they will spend the next decade warning you that AI threatens the economy.
What they will never say is what it actually threatens.
The illusion that activity equals progress.
The $200 economy where both men ate shit and called it a job.
The machines are not coming for your purpose.
They are coming to prove that half the economy never had one.
Garth Theunissen retweeted
Shorter isn't better.
Don't write: "He was mean."
Write: "He'd cheat a widow out of her last coins, just because he could."
Show, don't tell.
Even if it takes longer.
The Reserve Bank has outlined its plan to replace the prime lending rate news24.com/business/companie…
Garth Theunissen retweeted
Why would the US demand that Denmark allow Greenland to become a US-held nation? If it simply wanted what was under the ground, like its rare earths, the US could have just as easily entered negotiations to mine its resources.
Why Greenland Matters: geopoliticalfutures.com/why-…






















