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Money AIst
- Marcus Nikos
- Apr 5
- 1 min read
Financial history is rife with large-scale heists, some criminal, others systemic. From Nick Leeson’s 1995 Barings Bank collapse to Bernie Madoff’s 2008 Ponzi scheme, financial scandals have exposed regulatory flaws. More insidious are policy-driven heists, like the 1933 U.S. gold confiscation, which devalued citizens’ holdings before a government-led revaluation, or George Soros’s 1992 Black Wednesday trade that forced a costly devaluation of the British pound. Whether through fraud or policy, history shows how wealth is repeatedly siphoned from the many to the few.
As the first quarter of the Jubilee year is now firmly in the history books, investors are grappling with a harsh reality: the trades that made them seemingly wealthy in 2024, long positions in the Magnificent 7, Bitcoin, and the AI-driven Nasdaq rally, have, over the first 94 days, unravelled into a ‘Money AIst’.
