Stupidity Watch 1

How Lab Diamonds Destroyed De Beers It’s all about the timing. If you look at the last 10 years of the diamond market, specifically the "Lab Grown" sector, it is impossible to explain the current reality with standard economics. You have a market that held steady for years, then collapsed by 80% in the span of three months, exactly coinciding with a G7 embargo on Russian naturals. The "Russian Lab Diamond" doesn't exist. It is, and always has been, a Russian Treated Natural. The technology they claim is for "growing" stones is actually the technology for laundering them. The standard claim is that 98% to 99% of all diamonds sold in the jewelry industry before lab diamonds were Type 1a or 1b that can contain nitrogen, a little nitrogen tints the diamond yellow so a Type 1a or 1b diamond rated by the GIA as being in the I-J-K range would look distinctly yellow against a stark white background, lots of nitrogen creates the fancy yellow diamond colors. SI ...

     What are clawbacks? And why is Trump using them everywhere? Trump clawed back 80 million allocated by FEMA to go to the City of New York after he had issued an Executive Order stopping all payments to house Illegal Aliens. Trump and DOGE said that the 80 million should have been used for hurricane relief for Americans instead of being sent to luxury hotels to house Illegal immigrants. New York sued because the comptroller woke up and saw 80 million missing from their bank accounts, because the money had been clawed back. Clawbacks are built into most government contracts and private business contracts as a clause that says that if anyone breaks the law, or if profits drop, or if the employee fails to perform, or if the subcontractor fails to keep accurate accounting records the money can be clawed back, and 80 million can disappear as quickly as overnight like it did in New York.      In addition to clawing back that money, Trump has clawed b...