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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (177156)8/24/2021 7:37:25 PM
From: TobagoJack  Respond to of 217739
 
Re <<Now, just what is Unit 741 doing there in Wuhan with the bat and pangolin soup brewed with H5N1 seasoning, and fentanyl flavouring?>> here be an alt-view of the setup Message 33455210 by smoke & fire, and logically making more sense then a lot of other tinfoil speculations.

The other <<war>> that is not over is moving into a new phase, just as peace never ends, wars never end. They take naps.

In the meantime it would appear that the boyz at U.S. Geological Survey have been busy working on a helpful map, but along w/ the peace-keeping gear Message 33455037 , all left behind for the greater-good.

bloomberg.com

China Eyes Afghanistan’s $1 Trillion of Minerals With Risky Bet on Taliban
Iain Marlow
24 August 2021, 19:01 GMT+8
When the U.S. invaded Afghanistan in 2001, the global economy looked a lot different: Tesla Inc. wasn’t a company, the iPhone didn’t exist and artificial intelligence was best known as a Steven Spielberg film.

Now all three are at the cutting edge of a modern economy driven by advancements in high-tech chips and large-capacity batteries that are made with a range of minerals, including rare earths. And Afghanistan is sitting on deposits estimated to be worth $1 trillion or more, including what may be the world’s largest lithium reserves -- if anyone can get them out of the ground.

Four decades of war -- first with the Soviet Union, then between warring tribes, then with the U.S. -- prevented that from happening. That’s not expected to change anytime soon, with the Taliban already showing signs they want to reimpose a theocracy that turns back the clock on women’s rights and other basic freedoms rather than lead Afghanistan to a prosperous future.



Afghan people climb atop a Kam Air plane at the airport in Kabul, on Aug. 16.

Photographer: Wakil Kohsar/AFP/Getty Images

But there’s also an optimistic outlook, now being pushed by Beijing, that goes like this: The Taliban form an “inclusive” government with warlords of competing ethnic groups, allows a minimal level of basic human rights for women and minorities, and fights terrorist elements that want to strike the U.S., China, India or any other country.

“With the U.S. withdrawal, Beijing can offer what Kabul needs most: political impartiality and economic investment,” Zhou Bo, who was a senior colonel in the People’s Liberation Army from 2003 to 2020, wrote in an op-ed in the New York Times over the weekend. “Afghanistan in turn has what China most prizes: opportunities in infrastructure and industry building -- areas in which China’s capabilities are arguably unmatched -- and access to $1 trillion in untapped mineral deposits.”

Read more on Afghanistan:
Taliban Name Obscure Central Bank Chief as Prices Spike in Kabul

Transcript: A Conversation With Afghanistan’s Former Bank Chief

Biden’s Vow to Protect Afghans Runs Up Against Taliban Barriers


For that scenario to have even a remote possibility, much depends on what happens the next few weeks. Although the U.S. is racing to evacuate thousands of Americans and vulnerable Afghans after a rushed troop withdrawal ending 20 years of war, President Joe Biden still has the power to isolate any new Taliban-led government on the world stage and stop most companies from doing business in the country.

The U.S. maintains sanctions on the Taliban as an entity, and it can veto any moves by China and Russia to ease United Nations Security Council restrictions on the militant group. Washington has already frozen nearly $9.5 billion in Afghanistan’s reserves and the International Monetary Fund has cut off financing for Afghanistan, including nearly $500 million that was scheduled to be disbursed around when the Taliban took control.



To have any hope of accessing those funds, it will be crucial for the Taliban to facilitate a smooth evacuation of foreigners and vulnerable Afghans, negotiate with warlords to prevents another civil war and halt a range of human-rights abuses. Already tensions are growing over an Aug. 31 deadline for troops to withdraw, with the Taliban warning the U.S. not to cross what it called a “red line.”

Still, the Taliban have several reasons to exercise restraint. Kabul faces a growing economic crisis, with prices of staples like flour and oil surging, pharmacies running short on drugs and ATMs depleted of cash. The militant group this week appointed a new central bank chief to address those problems, just as his exiled predecessor warned of shocks that could lead to a weaker currency, faster inflation and capital controls.

‘Nothing Is Unchanged Forever’The Taliban have also sought good international relations, particularly with China. Officials and state-run media have softened the ground for good relations, with the Communist Party-backed Global Times reporting that Chinese investment is likely to be “widely accepted” in Afghanistan. Another reportargued the “the U.S. is in no position to meddle with any potential cooperation between China and Afghanistan, including on rare earths.”

“Some people stress their distrust for the Afghan Taliban -- we want to say that nothing is unchanged forever,” Hua Chunying, a Chinese Foreign Ministry spokeswoman, said last week. “We need to see the past and present. We need to listen to words and watch actions.”



Burqa-clad Afghan women walk past an armed member of Taliban in 1996.

Photographer: Saeed Khan/AFP/Getty Images

For China, Afghanistan holds economic and strategic value. Leaders in Beijing have repeatedly called on the Taliban to prevent terrorists from plotting attacks against China, and view strong economic ties as key to ensuring stability. They also see an opportunity to invest in the country’s mineral sector, which can then be transported back on Chinese-financed infrastructure that includes about $60 billion of projects in neighboring Pakistan.

U.S. officials estimated in 2010 that Afghanistan had $1 trillion of unexplored mineral deposits, and the Afghan government has said they’re worth three times as much. They include vast reserves of lithium, rare earths and copper -- materials critical to the global green-energy transition. But flimsy infrastructure in the landlocked country, along with poor security, have hampered efforts to mine and profit off the reserves.

The Taliban takeover comes at a critical time for the battery-materials supply chain: Producers are looking to invest in more upstream assets to secure lithium supply ahead of what Macquarie has called a “ perpetual deficit.” The U.S., Japan and Europe have been seeking to cut their dependence on China for rare earths, which are used in items such as permanent magnets, though the moves are expected to take years and require millions of dollars of government support.

One major problem for the Taliban is a lack of skilled policy makers, according to Nematullah Bizhan, a former economic adviser to the finance ministry.

“In the past they appointed unqualified people into key specialized positions, such as the finance ministry and central bank,” said Bizhan, now a lecturer in public policy at the Australian National University. “If they do the same, that will have negative implications for the economy and for growth in Afghanistan.”

China BurnedOfficially, Afghanistan’s economy has seen rapid growth in recent years as billions in aid flooded the country. But that expansion has fluctuated with donor assistance, showing “how artificial and thus unsustainable the growth has been,” according to a recent report from the U.S. Special Inspector General for Afghanistan Reconstruction.

China has been burned before. In the mid-2000s, investors led by state-owned Metallurgical Corp. of China Ltd. won an almost $3 billion bid to mine copper at Mes Aynak, near Kabul. It still hasn’t seen any output due to a series of delays ranging from security concerns to the discovery of historical artifacts, and there’s still no rail or power plant. MCC said in its 2020 annual report it was negotiating with the Afghan government about the mining contract after earlier saying it was economically unviable.



Burqa-clad Afghan women shop at a market area in Kabul, on Aug. 23.

Photographer: Hoshang Hashimi/AFP/Getty Images

The Taliban is trying to show the world it has changed from its oppressive rule in the 1990s, saying it welcomes foreign investment from all countries and won’t allow terrorists to use Afghanistan as a base. Janan Mosazai, a former Afghan ambassador to both Pakistan and China who joined the private sector in 2018, sees “tremendous opportunities for the Afghan economy to take off” if the Taliban prove they’re serious about “walking the talk.”

But not many are optimistic. Reports have emerged of targeted killings, a massacre of ethnic minorities, violent suppression of protests and Taliban soldiers demanding to marry local women.

“Everyone’s just in crisis mode,” said Sarah Wahedi, a 26-year-old tech entrepreneur from Afghanistan who recently fled the country. “I don’t see the entrepreneurs getting back to business unless there’s a huge overhaul in the Taliban’s behavior. And there’s nothing I’ve seen that makes me think that’s going to happen.”

— With assistance by Eltaf Najafizada, Phoebe Sedgman, Adrian Leung, and Jane Pong

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To: Maurice Winn who wrote (177156)8/24/2021 9:18:27 PM
From: TobagoJack  Read Replies (1) | Respond to of 217739
 
Difficult to say whether the war is over for this fellow mentioned below …

Or just getting started

zerohedge.com

Taliban Appoints Former Gitmo Detainee As Afghanistan's New Defense Minister

Via AlMasdarNews.com,

Afghanistan’s new Taliban government has appointed former Guantanamo detainee mullah Abdul Qayyum Zakir as it’s acting defense minister, according to Qatari based Al Jazeera news channel on Tuesday, subsequently reported in Reuters.

He was among the first senior Taliban commanders to enter Kabul last week as the group overran the capital amid the American troop exit, and after US-trained national forces largely fled. Until being named as Defense Minister, Qayyum was deputy to the Taliban’s commander-in-chief, Mullah Yaqoob.

Gitmo prison, file imageHe was freed from the notorious US military prison at Guantanamo Bay, Cuba, in 2007, despite being rumored to have been close to the Taliban’s spiritual leader, Mullah Mohammed Omar.

In 2010 The Associated Press noted that he had gone straight back to the battlefield after a brief stint in an Afghanistan jail, despite telling American military interrogators he desired to live a peaceful life as a civilian.

"A Taliban commander in the 1990s who was notorious for brutality and summary executions, Qayyum was captured in the 2001 U.S.-led invasion of Afghanistan and taken to Guantanamo," the AP wrote at the time.

"According to transcripts, he identified himself to his American captors by his father’s name, Abdullah Ghulam Rasoul, and said he had been conscripted by the Taliban but left at the first opportunity," the report said.

He reportedly told US officials while imprisoned, "I want to go back home and join my family and work in my land and help my family."

Qayyum was released to the custody of the Afghan government in December 2007 along with a dozen other Afghan prisoners, and held at a jail on the outskirts of eastern Kabul, before Afghan authorities let him go a year later, after which he rejoined the Taliban.

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To: Maurice Winn who wrote (177156)9/6/2021 11:42:01 PM
From: TobagoJack  Respond to of 217739
 
Good news, given the macro gold remains value-packed cheap

Just in in-tray gold porn can be downloaded comms.ssga.com by all





To: Maurice Winn who wrote (177156)9/9/2021 11:59:25 PM
From: TobagoJack1 Recommendation

Recommended By
marcher

  Read Replies (1) | Respond to of 217739
 
<<China>>

is unlikely to follow American leadership on anything from this point forward. A guess. Simply because China does not for a moment believe America can lead itself, never mind others. Another guess.

ft.com

Joe Biden and Xi Jinping hold second call in bid to reset relations

Talks between US and Chinese leaders follow unproductive meetings between senior officials

42 minutes ago

Xi Jinping and Joe Biden meet in Los Angeles in 2012 when both were vice-presidents of their respective countries. Ties between the US and China have since deteriorated to their worst in decades over differences on trade, Taiwan and human rights. © David McNew/Reuters

Joe Biden has held his second call with Chinese leader Xi Jinping since becoming US president in an effort to break an impasse in the relationship between the countries after two rounds of top-level meetings produced little progress.

The White House said the two leaders had a “broad, strategic discussion” and that Biden had “underscored the United States’ enduring interest in peace, stability, and prosperity in the Indo-Pacific and the world”.

The pair had also discussed the “responsibility of both nations to ensure competition does not veer into conflict”, the White House said. The discussion was held on Thursday evening in Washington.

Biden requested the call after the White House concluded that the Chinese officials who met their US counterparts this year were “unwilling to engage in serious or substantive conversations”, according to a senior US official.

“What we’ve gotten is the usual talking points, which are more designed for propaganda purposes,” the official said ahead of the call. “President Xi has really centralised power in some pretty marked ways [so] it’s quite likely that engagement at the leader level is really what’s needed to move the ball forward.”

Antony Blinken, US secretary of state, and Jake Sullivan, national security adviser, met Yang Jiechi, China’s top diplomat, and Wang Yi, foreign minister, in March for talks in Alaska that included a public spat. Wendy Sherman, deputy secretary of state, held a follow-on meeting with Wang and lower-level officials in Tianjin last month.

Biden has not met Xi since he entered the White House, reflecting the dismal state of Sino-US relations and the impact of the pandemic in limiting foreign travel for both leaders.

The US president has taken a much more hawkish stance than most experts had expected and has strongly rebuked Xi and China over everything from its crackdown on the pro-democracy movement in Hong Kong to the treatment of the Uyghurs in Xinjiang.

The US official said the diplomatic encounters that the Biden administration has had with China “have not been very fruitful”. She said the Tianjin meeting was marred by China tweeting criticism of the US while the officials met behind closed doors — a breach of protocol described as “antics” designed for domestic propaganda purposes.

“These officials are basically reading talking points with?.?.?.?no ability to manoeuvre and are performing for one another and for the bosses,” said the official. She added that the problem had been amplified as officials prepare for China’s 20th party congress next year at which Xi is expected to receive a third term as party leader.

“Given the centralisation of leadership, really the elimination of collective leadership, it really just increases the importance of talking to Xi Jinping and?.?.?.?testing the proposition of whether he has more room to manoeuvre.”

Chinese officials blame the US for the impasse and argue that Biden’s continuation of hardline policies inherited from the Trump administration is blocking progress on issues in which the two rivals’ interests are aligned, such as climate change. Ahead of a meeting between Beijing and Washington’s climate envoys last week, foreign minister Wang Yi said “the ball now is in the US court”.

Evan Medeiros, an Asia expert at Georgetown University and a former top adviser to former president Barack Obama, said the call was a critical step that could pave the way to an in-person meeting.

“In such a competitive relationship, leader-level diplomacy is an essential component to managing competition well,” said Medeiros. “It’s been seven months, and seven hard ones for US-China. It’s time for the leaders to grab the reins again.”

The Biden administration has been discussing the idea of a meeting with Xi at the G20 meeting in Italy in October but Chinese media has suggested he may only attend the event virtually.

Additional reporting by Tom Mitchell in Singapore



To: Maurice Winn who wrote (177156)9/10/2021 5:54:46 AM
From: TobagoJack  Respond to of 217739
 
the boyz do not seem to agree what to do about and with Afghanistan

scmp.com

China warns of cross-border terror leaks from Afghanistan

- Foreign Minister Wang Yi convenes meeting with his counterparts from the war-torn country’s neighbours

- Meanwhile in Europe, US Secretary of State Antony Blinken discusses response to Taliban government with 20 countries


Catherine Wong

Published: 12:05pm, 9 Sep, 2021



China has convened a meeting of Afghanistan’s neighbouring countries to discuss a joint response to the Taliban’s return to power. Photo: AP

China and the US are working on separate plans for how to deal with Afghanistan’s new interim government , with Beijing warning that terrorist groups were already crossing the borders into neighbouring countries.

While US Secretary of State Antony Blinken is in Germany for a ministerial meeting on Afghanistan with Washington’s Western allies, Beijing convened a discussion among the war-torn country’s neighbours – Pakistan, Iran, Tajikistan, Uzbekistan and Turkmenistan – on Wednesday, a day after the Taliban named its caretaker cabinet in Kabul.

Foreign Minister Wang Yi told his counterparts that China would donate 200 million yuan (US$31 million) in aid to Afghanistan, including food and an initial batch of 3 million doses of coronavirus vaccines .

Taliban announces new Afghanistan government, giving top roles to hardliners and no women

Wang again called on the Taliban to cut its ties with all terrorist groups and said China would work with countries in the region to trace and crack down on terrorist groups which “have scattered and infiltrated into Afghanistan’s neighbouring countries”.

“Some international terror forces based in Afghanistan are planning to sneak to neighbouring countries,” Wang said. “We demand the Taliban completely cut ties with all extremist forces and take forceful combative measures. All parties need to step up the sharing of intelligence and border control efforts, making immediate arrests of terror groups coming from Afghanistan to ensure regional stability.”

Wang said China would work with countries in the region to help Afghanistan rebuild its economy and society, as well as fight terrorist groups and the illegal drug trade. The foreign ministers also agreed to institutionalise their future meetings, he said.

Wang also said China’s border crossing with Afghanistan should remain open to ensure delivery of goods. He added that China would consider reopening cargo train lines between the two countries and called on the US to help refugees from Afghanistan.

“The US and its allies bear the main responsibility for the Afghanistan refugees problem. They should provide necessary compensation to nations that are willing to receive refugees,” he said.

Pakistan’s Foreign Minister Shah Mehmood Qureshi suggested “that we may give consideration to the idea to invite Afghanistan in future”, adding that its participation “will augment this forum’s effectiveness in pursuing our shared objectives for lasting peace and stability in Afghanistan”.

Afghanistan puts China’s vision of SCO to the test
16 Aug 2021



Meanwhile in Europe, Blinken and German Foreign Minister Heiko Maas hosted a “productive” meeting of 20 countries on Afghanistan. Blinken said the attendees had shown “strong unity in making clear we will expect the Taliban to live up to their public commitments on inclusivity, safe passage, human rights, and combating terrorism”.

China and Russia were reportedly invited to the meeting, but neither attended. Asked about the invitation, Chinese foreign ministry spokesman Wang Wenbin said on Wednesday the international community should strengthen coordination on Afghanistan.



02:34

Taliban fires weapons in air to disperse crowds at anti-Pakistan protest in Kabul

Taliban fires weapons in air to disperse crowds at anti-Pakistan protest in Kabul

He also took a veiled swipe at the US-led grouping, saying multilateral meetings should focus on tangible results instead of “empty talk”.

“There have been many multilateral meetings and initiatives internationally on Afghanistan in recent days, but we should strengthen coordination and focus on substantial results. We should not hold meetings for the sake of meeting, much less using meetings to shirk responsibilities,” the spokesman said.

China was one of the first countries to establish close contact with the Taliban in Afghanistan, describing the group as an important political force in late July.

Will China’s demands on US block cooperation on Afghanistan?
31 Aug 2021



Sun Yu, a Eurasian security researcher at Andjian State University in Uzkbekistan, said China would communicate with the Taliban and provide humanitarian aid, but was unlikely to take the lead in recognising the group as Afghanistan’s legitimate government.

“It is not possible for China to cover all the financial difficulties of the Taliban. China may start with humanitarian aid, and then call on other nations to share responsibility before picking up several key investment projects there when the situation becomes stable,” he said.

Additional reporting by Amber Wang



To: Maurice Winn who wrote (177156)9/21/2021 8:54:37 AM
From: Pogeu Mahone2 Recommendations

Recommended By
marcher
pak73

  Respond to of 217739
 
Maurice

Congratulations you nailed this:

Why is there a CO2 shortage and how will it hit food supplies?

Published3 hours ago

Share

Related Topics
CO2 shortage

IMAGE SOURCE,GETTY IMAGES

The amount of carbon dioxide (CO2) the UK produces has halved - prompting warnings of supermarket shortages.

That's because food and drink firms use CO2 in hundreds of products, from fizzy drinks to bagged salads.

Why is CO2 so important to the food and drink industry?

Food grade CO2 is used in hundreds of products.

It is used:

to carbonate water, soft drinks and alcoholic drinksto dispense drinks and beers in pubsto promote the growth of plants - such as cucumbers - in greenhouses to stun pigs and chickens before slaughter for packaging meats, baby foods, fresh foods and baked products (CO2 extends shelf life by preventing bacteria)to keep food fresh in transport (CO2 is used in the form of dry ice and snow)

Source: Food and Drink Federation/Global Counsel

How is the CO2 shortage affecting food supplies?

The CO2 issue is "escalating quickly" and causing a "big supply issue", one supermarket executive told the BBC.

"The big meat suppliers are saying they have two to three days' supply and are now having to prioritise how they use what they have," he said.

Ranjit Singh Boparan - owner of the Bernard Matthews poultry brand and 2 Sisters Food Group - said the shortage was a "body blow" to the industry.


And supermarket delivery firm Ocado said it had "limited stock" of some frozen items, because of the CO2 shortage.

The Food and Drink Federation, stressed the UK was not going to run out of food, but there would be "major concerns" over supply to supermarkets and other food outlets.

It said: "The knock-on effects of this may well be felt right the way through to the end of the year and particularly over the key Christmas trading period."

What else is CO2 used for?

Remaining UK carbon dioxide production is being prioritised for medical uses.

It is used during some invasive surgeries to stabilise body cavities, to stimulate breathing and to get rid of warts and moles.

CO2 is also used by the nuclear industry as a coolant.

And it is used commercially in fire extinguishers, for inflating life rafts and life jackets, and as a liquid solvent.

Why is there a CO2 shortage?

Two large UK fertiliser factories, on Teesside and in Cheshire, have stopped work because of soaring wholesale gas prices.


The plants, owned by CF Industries, also make CO2 - as a by-product.

Because the fertiliser factories have stopped working, there has been a cut of 60% of the UK's food-grade carbon dioxide supply.


How could CO2 supplies be increased?

Finding a solution could be difficult
, says Lilah Howson-Smith - a senior analyst with the political risk consultancy Global Counsel.

"It's dependent on the supply and demand for fertiliser, not demand for the CO2 itself. That means there is a real fractured sense of responsibility when it comes to solving the problem," she said.

"And politically, there is no single point of responsibility in government which makes fixing things more tricky. It's shared between departments - agriculture, business and the Cabinet Office."


Business Secretary Kwasi Kwarteng told the BBC the government was considering temporarily subsidising CF Industries, to help boost supplies.

He said he had spoken twice to the company's chief executive and was "he is "very hopeful" of finding a way to ensure production would resume "as quickly as possible".

Why are gas prices rising and what if my supplier goes bust? Is the UK headed for a gas shortage this winter?

Wasn't there a CO2 shortage in 2018?

Yes there was - caused by a usual summer drop in production, and a heatwave which increased demand for drinks and frozen products.

What is CO2?

At room temperature, carbon dioxide is a colourless, odourless gas.

In the Earth's atmosphere, increased levels of CO2 contribute to global warming.

It is naturally produced when:

humans and animals breathe during combustion (for example petrol and diesel in cars)things ferment or decompose

Its molecules have one carbon and two oxygen atoms, which is why its chemical formula is CO2.

BBC Bitesize - What is carbon dioxide?



To: Maurice Winn who wrote (177156)10/22/2021 5:23:59 PM
From: TobagoJack  Read Replies (4) | Respond to of 217739
 
Where are you, whatcha doing, and are you having fun?

Here below we have a view to the starting gate of 2024, and it promises much and holds plenty, of possibilities

I am agnostic re Trump abilities in all activities except I know he is a very extremely good showman. Am looking forward to the options to his SPAC, that which might hold the key to grand unification of games and politics, and the gamification of politics. Also, essentially, Trump just set up a perfect and publicly listed campaign machine. Brilliant. A hat tip.

Am unsure how advisable it is for society to gamify politics, but as a show, holds much promise.

bloomberg.com

Love Him or Hate Him, Retail Traders Are Buying the Trump-Tied SPAC

The potential for profits is making investors look past the former president’s polarizing politics and cash in on a skyrocketing blank-check company.

Claire Ballentine
October 23, 2021, 3:53 AM GMT+8
Retail traders are putting aside politics for profits when it comes to former U.S. President Donald Trump.

Popular haunts of individual investors such as Reddit and StockTwits lit up this week with news that blank-check company Digital World Acquisition Corp. will merge with Trump Media & Technology Group. The SPAC, which trades under the ticker DWAC, had rocketed up more than 1,200% since Wednesday, with outsize volatility triggering at least 12 trading halts on Friday.

Not many details about the to-be merged company have been released, besides that Trump plans to start a new media and tech empire that’ll include Truth Social network — potentially helping him make a return to the online sphere after he was banned from Twitter and Facebook. That lack of clarity hasn’t stopped hordes of day traders from piling into DWAC and boosting its price.

Jesse Kimotho, a student at Yale University, said he made $12,000 by investing $2,000 in DWAC on Thursday and then selling out Friday at 11 a.m. New York time. The 24-year-old said he wasn’t a fan of the Trump administration but couldn’t ignore the talk about the SPAC on Twitter as its price continued to tick higher.

“It was just going up and up,” he said. “I'm a bit liberal and I kind of had to put that aside so I could make money.”

Values outside of finance — like those measured by environmental, social and governmental criteria — are relatively new considerations for professional investors. What sets a Trump-connected SPAC apart from the usual ESG considerations is his polarizing politics, injecting personality into trading decisions.

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None of Trump’s earlier plans to start a social media firm have come to fruition. A blog where he posted statements attracted relatively few readers and was abandoned earlier this year. He’s barred from Twitter permanently, while Facebook has said he’d remain suspended for at least two years. The Truth Social network is planned for the first quarter of 2022, with a subscription video on-demand service potentially coming later.

For Adrian Estrada, a 34 year old in Chicago, the hype around the Digital World Acquisition SPAC after its deal with Trump signaled it was worth paying attention to. He bought in at $13.41 a share and then closed his position when DWAC reached $144.05.

“Nothing about this trade was based on fundamentals,” he said. “I'm not a Trump fan nor a supporter, but I saw the volatility and unusual activity.”

The final tumultuous year of Trump’s presidency coincided with a boom in retail trading, amid the stock market’s seemingly unending march higher. For the investors who didn’t join the frenzy in time to reap those benefits, the new SPAC represents a fresh chance to make money. That’s the case for Sarah Mostafa, 31, who works as a physical therapist in New York City.

“I think most retail traders missed Trump's market, and I’m also a Trump supporter, so I’ve been anxiously waiting for this new social platform,” she said. “It’s been unreal, I don’t think anyone really expected it to go this high.”

Still, some traders believe there’s a long-term case for investing. Danny Naz, a 44-year old who lives in Brooklyn and has been day trading full-time since 2017, thinks that Trump’s social media ban and his potential presidential run in 2024 could keep the momentum going for the new company.

Trump, who has signaled he could run for president again in 2024 but hasn’t made a formal announcement, was blocked by major social-media firms for his role in encouraging supporters who broke into the U.S. Capitol on Jan. 6 as Congress was meeting to certify President Joe Biden’s victory in the 2020 election.

Those who do decide to buy and hold should be prepared for volatility, according to Sahm Adrangi, founder and chief investment officer at Kerrisdale Capital Management, given the fundamentals of the new social media company are uncertain.

“It's hard to build a critical mass of a user base, but Donald Trump launching it is probably like the number one way to potentially build a real critical mass,” he said. “Still, it's a bit of a long-shot.”

Many of the retail investors who reaped huge profits this week aren’t even thinking about Truth Social’s future. They’re celebrating their winnings — and dealing with any lingering emotions.

“Do I feel any guilt as a person?” said Kimotho, the Yale student. “Yes, but I look at my bank account and I feel very happy.”

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