Quick Notes: Jane Street | Hydrofoil ferry...

• Jane Street's cash machine came to an abrupt halt: Foreign funds and proprietary traders using algorithms made $7 billion in the 12 months to March 2024 alone. That bonanza may be coming to an end.
  
  
• Manipulating Indian derivatives markets: How US-based Jane Street siphoned Rs 36,000 cr from Indian markets.
  
  
• Indian casino is a train-wreck: Indian retail investor losses on derivative trades widened in 2024-25 by 41% to 1.06 trillion rupees. India is the world's largest derivatives market, accounting for nearly 60% of the equity derivatives traded globally in April.



• Prada on backfoot: High Fashion's habit of 'borrowing' from India isn't new. Prada's Kolhapuri chappals are just the latest

Prada is at Centre of GI tag violations for its flat leather sandals that bear a striking resemblance to traditional Kolhapuri chappals.

Indian shops sell it for ₹1,000 and Prada is selling it for ₹1 lakh.

Indian artisans need good marketing or else this theft will continue. pic.twitter.com/F3rkAa75Zr

— News Arena India (@NewsArenaIndia) June 28, 2025




• How America's Debt Spiral Could Spark The Next Crisis: America's debt problem is no longer linear; it is exponential.



• Blue superhighway: Could the Electric Hydrofoil Ferry change the way we commute? Fast, sustainable mode of transit




• Unicorn: India's Rapido is outpacing global giants like Uber and Ola in user growth, while also achieving profitability . . . A ride-hailing unicorn is gaining users faster than Uber, disrupting the San Francisco titan’s effort to conquer a key growth market  



• AI's energy problem: Google’s carbon emissions went up again as its AI push continues



• Distress in Hi-tech jobs: Salesforce CEO Claims Half of the company’s work is now done by AI



• The ‘Trump Pump’: How crypto lobbying won over a President. For years, cryptocurrency companies had endured a sweeping crackdown in Washington — a cascade of lawsuits, regulatory attacks and prosecutions that threatened the industry’s survival. Mr. Trump wasn’t an obvious sympathizer. He had once dismissed Bitcoin as a “scam.”
  
  
• One Way to Win Trump Over: Nominate Him for the Nobel Prize 

massive PR to save boeing's ass in the AI 171 crash

this is the actual preliminary report. it does not say anything like what the western media is saying, which is all intended to shield Boeing and GE. 

reminds me of pfizer's contract terms for COVID vaccine: they had no indemnity. if anything happened, it's the customer's problem, not pfizer's. like if you died. they offer no warranty. same thing here. no warranty that the darn plane is airworthy. 

I predicted this in my june 29 article https://rajeevsrinivasan.substack.com/p/ep-167-despite-air-crashes-how-can 

so here's the spin doctoring on July 12th. despite the small print (just below), see the headlines (below that). 

lies, damned lies, and propaganda. western media wants to make it look like pilot error, when in fact turning on/off the fuel gauges is pretty damn difficult and cannot be done accidentally. 

clean chit to beleaguered boeing and general electric. 

however, here's the smoking gun: the 2018 advisory on incorrectly designed fuel switches. h/t @shivaroor on x.com

my suspicion: mechanical or software error, or sabotage. below is a deep dive. 

https://igel-zc1.campaign-view.in/ua/viewinbrowser?od=3zeb9b282d08a2a9174f45c9dfb5d0a6907704975b288eb982fd9e081de6f62ef8&rd=116479c9f5fc0f33&sd=116479c9f5fbfaec&n=11699e4be357c10&mrd=116479c9f5fbfada&m=1

now no longer firewalled

---------- Forwarded message ---------
From: Prof. Rajeev Srinivasan from Shadow Warrior 
Date: Fri, Jul 11, 2025 at 5:25 PM
Subject: Ep. 169: Has the Deep State 'turned' Trump?
To: 

Listen now (12 mins) | Almost all the initiatives Trump came up with that could have potentially damaged the Deep State are now being rolled back.

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	Forwarded this email? Subscribe here for more   Shadow Warrior by Rajeev Srin… Ep. 169: Has the Deep State '… Preview 0:00 3:21   Listen now   Ep. 169: Has the Deep State 'turned' Trump? Almost all the initiatives Trump came up with that could have potentially damaged the Deep State are now being rolled back. Prof. Rajeev Srinivasan Jul 11 ∙ Preview   READ IN APP   There were two good reasons to support Donald Trump for President of the US: one, that he did not go to war in his first term, and two, that he was the very antithesis of the Deep State-controlled former President Biden. Alas, just less than six months into his re-incarnation as the 47th President, there is reason to wonder if the first claim is no longe… Subscribe to Shadow Warrior to unlock the rest. Become a paying subscriber of Shadow Warrior to get access to this post and other subscriber-only content. Upgrade to paid A subscription gets you: Subscriber-only posts and full archive Subscriber-only episodes in your podcast app Post comments and join the community   Like Comment Restack   © 2025 Prof. Rajeev Srinivasan 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe

mamdani senior holds forth on suicide bombers

thought control? or preventing hate speech?

can India catch up in innovation?

https://youtu.be/n_Yu21eyEhY?si=d4dle9CvD2s92n6K 

Tucker Carlson & Saagar Enjeti: Dangerous Depths Of Deep State

WTF are US Deep State up to? Absolute insanity and depravity

No wonder they delayed the GE engines and regime-changed Bangla. Their power apparatus are deeply committed to some kind of kill-chain, and we naively got in their way.

Modi should have never gone to Kyiv & Moscow for his visit. What the hell was he thinking - what did he accomplish, other than to put us more firmly in Washington's cross-hairs? And none of our media or babus questioned it, because they're all just a bunch of idiotic Yes-men.

Ep. 168: fallout from iran-israel war. it ain't over (till the fat lady sings)

 https://open.substack.com/pub/rajeevsrinivasan/p/ep-168-the-mess-in-west-asia-geopolitics?r=66qfh&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

Erdogan Plans Military "Foothold" in Bangladesh

Mamdani Revolution Would Ruin New York

Indian-made Cars Catching On in Japan?

Are we being hoodwinked?

Is this the deal? India, Vietnam and China all get to pay the same 20%.

President Trump announced that a trade agreement with China has been signed and claimed the deal would begin to “open up” China. The strange part? We haven’t heard any details—except that it supposedly addresses rare earth disputes. On the Chinese side, it’s total radio silence.… pic.twitter.com/6xvfYXVqKC

— Lei's Real Talk (@LeisRealTalk) July 3, 2025

---

What's the point of Quad if Trump equates India-Pakistan? If the only superpower, which calls India an ally, sees the region through an India-Pakistan prism, it is unacceptable. Rather than endorse India's sphere of influence, this undermines it.

---

Trump Baffles With Sudden U-Turn on China Buying Iranian Oil: President Trump appeared to undermine years of US sanctions on Iran, giving its biggest customer China the green light to carry on buying its oil. . . . . India restricted from buying Iranian oil while China is free?

---

Elon: America is going bankrupt quickly, but everyone is whistling past the graveyard.

---

Old pal of Elon Musk has ominous warning for Trump: “I’ve had my share of blowouts with Elon over the years,” neuroscientist Philip Low told Politico. “Knowing Elon the way I know him, I do think he’s going to do everything to damage the president.”

NEW: Poll finds that 40% of voters say they are likely to support Elon Musk's "America Party" if he decides to launch it, according to Quantus Insights.

The poll comes as Musk has threatened to launch his own political party over recent disagreements with the Republican Party.… pic.twitter.com/bsdraGwpGq

— Collin Rugg (@CollinRugg) July 2, 2025

---

India caught in the middle: Rare earth curbs to hit EV, RE, defence sectors

---

Time for Swadeshi platforms: Congressional staff members were informed that WhatsApp can no longer be used on their government-issued smartphones or other devices.

---

Hindu genocide in bangladesh

and what is India doing about it?

https://www.firstpost.com/opinion/from-liberation-to-erasure-bangladeshs-silent-genocide-of-hindus-13902634.html

so quad doesn't think Kashmir belongs to India?

 why did India sign this joint statement then? fine friends, this quad. #abhimanyuSyndrome

Ep 167: how can India improve its civilian and military aircraft skills?

 https://rajeevsrinivasan.substack.com/p/ep-167-despite-air-crashes-how-can 

Forensic Accountant Uncovers Strange Irregularities in Mamdani Money Trail

How AIPAC Works

A critical view:

Grow Jihadi Snakes, Get Bitten. Grow Marxist Snakes, Get Bitten Again.

Irony is real. After Ugandan Indians were dispossessed of their property and kicked out of Uganda by dictator Idi Amin, America took in Mamdani's father as a refugee. Now the next generation of Mamdani seeks to again wield the power of the state for wealth redistribution, again in the pursuit of political power.

This now has US Democratic Party establishment politicians in a panic, as their political platform now careens left-ward, seemingly out of their control. India's Congress Party politicians reacted with amusement when agent Kejriwal showed up touting his 'anti-corruption' politics while promising freebies. But the people of Delhi had to bear the brunt of his crooked nutty antics - as did later the people of Punjab, due to Sonia Gandhi's connivance in ousting Amarinder Singh.

Kejriwal was an obvious foreign agent, having no domestic backing or prior political history. The fact that multiple 'colour revolutions' were simultaneously being forced on the Middle East thru 'Arab Spring' was no mere coincidence of timing. Rahul Gandhi now suddenly screeching non-stop about 90% reservations has also long ago sold out to foreign interests. As another fellow spoiled rich kid, it's not clear whether Mamdani is receiving any foreign backing, but the US political establishment may see fit to look into it. Because if he's not a foreign agent already, I'm sure various foreign govts might find it very useful to support him. He may be politically on the Left, but Beijing, Moscow, and also Tehran may see him as the right man at the right time for their needs.

At any rate, the Americans can now rue the fact that having grown snakes in somebody else's yard, they can now experience the consequences of those snakes showing up to bite them in their own homes. NYC is just the beginning - although it seems to always get struck first, just as it was on 9/11.

Grow Jihadi Snakes, Get Bitten. Grow Marxist Snakes, Get Bitten Again.

Didn't Donald Trump himself loudly recite a favourite poem on this?

Will Modi sarkar cave in?

After chickening out to China, Trump wants to "open up" India: The White House’s demands to “open up India” as it seeks a major trade victory — have made it that much harder for Modi’s govt to sell the deal to a domestic audience.

“Nothing riles Indians more than the idea that their govt was bullied by a foreign leader”

#WATCH | "...We just signed (trade deal) with China. We're not going to make deals with everybody... But we're having some great deals. We have one coming up, maybe with India, a very big one. We're going to open up India. In the China deal, we're starting to open up China.… pic.twitter.com/fJwmz1wK44

— ANI (@ANI) June 26, 2025

---

India gets no favours from Trump: Efforts to strike a trade “mini-deal” are dragging on. The Trump administration is asking India to lower its trade barriers, while only offering to give up some of its newly-imposed tariffs, in return.

“Whatever the government [in India] does, it will be seen as they basically capitulated to Trump’s demand. So they are in a no-win situation.”

The president has complicated matters by repeatedly taking credit for brokering peace between India and Pakistan this spring.

“The more he repeats his claim, the more a prospective U.S.-India trade agreement smells like coercion, not cooperation.”

---

Threat of more tariffs hangs over trade partners: These governments have been hesitant to strike a deal with the Trump administration, worried that they only will be hit by more levies down the road. For some foreign governments, these national security tariffs are potentially more concerning than the reciprocal tariffs Trump is threatening to apply to all their US exports.

---

Maybe India can learn from EU: EU to accept Trump's universal tariff but seeks key exemptions. Everyone knows Trump will eventually break his own deals, so keep it small.

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GMO junk: Trade deal hits hurdle over US demand of low duties on agricultural, genetically modified food

---

Trump looking at deporting Musk

Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame!

And they will lose their primary next year if it is the last thing I do on this Earth.

— Elon Musk (@elonmusk) June 30, 2025

Mamdani Doubles Down on Racial Communal Politics

He's justifying race-based policies, fully embracing this. How unsurprising.

His efforts at Spanish outreach are impressive in intent. I don't remember seeing Vivek Ramaswamy doing that. However, despite outward appearances, Mamdani can't really speak Spanish beyond rehearsed scripted phrases. It's like listening to Narendra Modi speak Tamil or Malayalam.

Japan Stepping Back from NATO, Not Indo-Pacific Ties, China Watching Cracks Closely

India should do more than just watch cracks. India needs to step forward and present itself as a credible alternative destination for Japan's capital, which is heavily invested into a United States that now openly intends to erode the value of their investment. Given that Japan is America's largest creditor with the highest exposure, this will be like Hiroshima/Nagasaki 2.0 for them. 

The best way for India to become a credible destination for such capital is to address its own fundamentals and actually make itself worthy of investment, rather than merely waiting expectantly for good things to fall into its mouth, or else relying on hype. 

Japan's history as Asia's first Great Power, which was the earliest to emerge onto global stage through techno-industrial-military might, can make it a powerful catalyst in India's rise, especially through partnership in defense development, (Hint: their fighter engine technology program is certainly worth a closer look, among so many other things. If anyone understands ceramic blade coatings, it's them)

Japan's post-war constitution, written by conquering General Douglas MacArthur, forbids it from engaging in massive defense spending, and creating large production houses for this purpose. But there's no prohibition on getting that production done through India, by investing over there.

Mamdani May Have Exposed Himself to Possible Deportation

NYC Mayor Candidate Mamdani Wants to 'Globalize Intifada'

I see it as WBengal-ification, or Keralaization of USA. This will teach Tony Blinken & Victoria Nuland a bitter lesson for their arrogant games against India. Now they'll suffer their own Dhaka coup in their midst.

NYC Mayoral Candidate Zohran Mamdani, the son of filmmaker Mira Nair & Muslim college professor, is an Islamo-Marxist who wants 'Global Intifada' and rampant taxation of New York's wealthy, while promising all kinds of freebies for the poor.

So the Kejriwal strategy is finally boomeranging on America, as the Islamists take their turn playing this game. Instead of crashing airliners into New York's skyline as before, they can now crash its economy thru predatory taxation while luring the poor with freebies. Anyone who's been to NYC knows they already have free Wi-Fi, so he can't promise that at least.

So really, Mamdani & Co are aiming at the heart of Zionism -- NYC

Anyway, this 'champion of the poor' is really quite a pampered rich kid himself

https://www.forbes.com/sites/kylemullins/2025/06/24/heres-how-much-new-york-city-mayoral-candidate-zohran-mamdani-is-worth/

Which wealthy American bastion can they target next? Chicago? Beverly Hills? Hollywood perhaps?

Seems Hollywood were off by 30 years:

https://x.com/DogRightGirl/status/1938220191017549954

How did @ZohranKMamdani win the Democrat nomination for NYC Mayor?!

This is how…….pic.twitter.com/agzj4h3Unr

— Spitfire (@DogRightGirl) June 26, 2025

Zohran Mamdani Draws Attention in India for Harsh Criticism of Modi

This guy is doing the familiar ethnic-baiting, which he knows will pay off for him:

https://www.washingtonpost.com/world/2025/06/26/zohran-mamdani-modi-india-muslims-gujarat/

Zohran Mamdani Draws Attention in India for Harsh Criticism of Modi

Zohran Mamdani could be New York City’s first South Asian mayor. Last month, he called Indian Prime Minister Narendra Modi a “war criminal.”

NZ Natives Raise Black Flag to Khalistanis 🔥

Not a good idea to piss off the Maoris, as they're a very ferocious people themselves.

Red-Green Axis: 'Radical Socialist Muslim'

https://x.com/EndWokeness/status/1937858834740990266

Foreign language ads with promises of free stuff is how you win now in New York City. Realize where we are.pic.twitter.com/froHgOK4b8

— End Wokeness (@EndWokeness) June 25, 2025

 What - no free Wi-Fi?

Who Elected Mamdani?

 The Usual Idiots, of course: Ourselves

https://x.com/johncardillo/status/1937873705440293149

Don’t blame NYC blacks or Hispanics for Mamdani.

They voted against him.

Whites and “Asians” did this. pic.twitter.com/HEl3KPc8jP

— John Cardillo (@johncardillo) June 25, 2025

 https://x.com/PopCrave/status/1937984081050144950

The NYT announces that Zohran Mamdani “stuns” in New York Mayoral Primary just days after its Editorial Board advised New Yorkers to vote for anyone except Mamdani. pic.twitter.com/7vS53x8f9X

— Pop Crave (@PopCrave) June 25, 2025

Americans React Against Mamdani

 

https://x.com/SpeakerJohnson/status/1937941927770669101

The victory of radical, self-avowed socialist Zohran Mamdani proves again, THIS is what the Democrats stand for today.

This is complete and total insanity. pic.twitter.com/gqgsF5SfCq

— Speaker Mike Johnson (@SpeakerJohnson) June 25, 2025

https://x.com/GenFlynn/status/1937994782015688778

NEW YORK NEW YORK

GOOD LUCK!

Some of the things Islamic socialist NYC mayoral candidate Zohran Mamdani has previously called for:
- Abolishing NYPD
- Abolishing prisons
- Abolishing medical bills
- Abolishing private health insurance
- Banning all guns
- Legalizing sex work
-… pic.twitter.com/m3s7cX3s3m

— General Mike Flynn (@GenFlynn) June 25, 2025

 

Mamdani Wins Party Contest to Become Democrat/Left Candidate for NYC Mayor

Zohran Mamdani has won the Democratic primary contest for NYC mayoral candidate, after rival Andrew Cuomo has conceded: 

https://x.com/ZohranKMamdani/status/1937728420156174626

In the words of Nelson Mandela: it always seems impossible until it’s done.

My friends, it is done. And you are the ones who did it.

I am honored to be your Democratic nominee for the Mayor of New York City. pic.twitter.com/AgW0Z30xw1

— Zohran Kwame Mamdani (@ZohranKMamdani) June 25, 2025

So will there be a replay of Sadiq Khan as mayor of London?

He'll say nice things to court gullible Indians, and then soon enough there'll be Muslim mobs in the streets attacking the Indian consulate there (while bewildered Indians wonder how such a thing could happen) 

Islamo-Marxism always produces the same results.

Lal Salaam.

Soros Candidate Mamdani Running for NYC Mayor

Mira Nair's son  Zohran Mamdani is running for mayor of New York City.

He's put out his share of anti-Modi rhetoric, and is apparently being backed by the Soros-funded Working Families Party.

https://x.com/ZohranKMamdani/status/1937308642790768721

Tomorrow is ours if we want it. pic.twitter.com/J9ntwWDo4U

— Zohran Kwame Mamdani (@ZohranKMamdani) June 24, 2025

US War on Iran Means It Won't Be Able to Pivot to Asia Against China, Which Puts India At Risk for Some US Stunt/Scheme

Trump's sudden new pivot into war on Iran means that it won't be able to carry out its much-vaunted 'Pivot to Asia' to confront the rising power of China. This will suit China just fine, of course, and it will seek to prolong the Iran-US war for as long as possible, in order to reap the benefit of derailing a US pivot to Asia for as long as possible. This will put the US in a worsening predicament in regards to protecting its geopolitical interests in Asia, which always get last priority as it is. The more serious this predicament becomes, the more the US will become desperate to pull some kind of stunt to bail itself out of a painful reckoning.

That's where India will increasingly look like a tempting and juicy target for some kind of clandestine scheme or stunt by them to hijack us as some convenient stooge to help them deal with their China problem, which will continue to grow to ever more epic proportions. Indians will have to remain vigilant and observant, to see what that inevitable stunt/scheme will be.

Trump's rise as a maverick politician leaves him blind to the geopolitical dynamics that more seasoned leaders would be open to seeing and recognizing. His retreat from his trade confrontation with China has forced him to seek a new fallback agenda, which seems to have now focused on Iran, as catalyzed by the Israel lobby.

Trump's retreat from Asia leaves the US with worsening options and fewer cards to play there. North Korea can now cozily send strategic weaponry to Iran, while sitting in a comfortable position. Trump's policy blunder now ensures that the US will face a rough path, no matter what.

How The Iran War Could Become China’s Proxy War Against USA

Hypothetically, India could collude with both China and Iran by working to split Afghanistan into North Afghanistan and South Afghanistan. Iran and China could then run an oil pipeline thru the non-Pashtun North Afghanistan to connect with each other for energy trade. India would gain a benefit from the Pashtun-dominated South Afghanistan then naturally pulling on Pashtun portion of Pakistan to achieve mutual reunification. Balochistan could also naturally break free, leaving Pakjabis with a tenuous hold over Sindh.

Trump: US Attack on Iran's Fordow Site Successfully Completed

 

https://x.com/WhiteHouse/status/1936574129009803509

"We have completed our very successful attack on the three Nuclear sites in Iran, including Fordow, Natanz, and Esfahan. All planes are now outside of Iran air space. A full payload of BOMBS was dropped on the primary site, Fordow. All planes are safely on their way home.… pic.twitter.com/AqCLmaLYJb

— The White House (@WhiteHouse) June 21, 2025

Article 1, Section 8 of the United States Constitution vests the power to make war with the US Congress, not the President. This was done because the Congress is a deliberative body, and it was felt that such deliberation was necessary before going to war. Having fought to liberate themselves from the clutches of an empire, the founding fathers of the American revolution did not wish to see themselves trapped under another one - even one of their own making. However, over the ages, that provision has been increasingly marginalized, so that there is effectively no longer any check or balance against the unconstrained use of military power by the President.

https://x.com/RepThomasMassie/status/1936574721312923803

 

This is not Constitutional. https://t.co/EU3fS5jcwb

— Thomas Massie (@RepThomasMassie) June 21, 2025

Quick notes: Ivy league | Recruiting scientists..

• Can India create its own Ivy League? The country is home to around a fifth of the world’s university-age population. Why are they going abroad? India has been losing academic talent to America for decades.



• China and Europe luring American scientists: Dr. Patapoutian’s federal grant to develop new approaches to treating pain has been frozen. Within hours, he had an email from China, offering to move his lab to “any city, any university I want,” he said, with a guarantee of funding for the next 20 years.



• Saver of Pakistan: Trump to be nominated for Nobel Peace Prize by Pakistan. . . . Trump is in awe of strongmen, alpha leaders, who stand up to him. Recall how Kim Jong-un of North Korea tamed him, and Putin has him on a leash.




• Expanding in India: The Trump Organization has expanded globally since the 2024 election. And India leads, sigh.



• Securing its world-domination: China-backed militia secures control of new rare earth mines in Myanmar. China has a near-monopoly over the processing of heavy rare earths into magnets that power critical goods like wind turbines, medical devices and electric vehicles. But Beijing is heavily reliant on Myanmar for the rare earth metals and oxides needed to produce them.
  
  Morgan Stanley: China Is Maneuvering US “Into Weakness” When It Comes To Making Advanced Robots.
  
  Rare earth inventories may run dry by mid-July: China is the source of nearly 85 per cent of India’s rare earth magnet imports.



• Urban Highways Suck: "Cars and highways are great. But neither of them belong in cities". . . From Atanu Dey's blog.
  
  Car economy leaves India's middle class fuming: India has more than twice as many kilometers of roads per square kilometer of land as the US. China, which has built a lot of highways but chosen highspeed trains as the focal point of transport, has a much lower density.For intercity travel, India’s template ought to have been 21st-century China, not 20th-century America.
  
  The fastest train journey between Chennai and Bengaluru takes over four hours. In that time, one could go from Beijing to Shanghai, a distance nearly four times greater. Within cities, subways are coming up even in places where they aren’t a practical option.
  
  A death every three minutes: Why India's roads are among the world's deadliest



• The I Am: Nisagardatta Maharaj.




• Bicycling tied to reduced dementia risk and greater hippocampal volume retention: Of all the transportation modes older people can use to get from one place to another, bicycling appears to offer the most benefit in potentially reducing the chances of developing dementia.



• ‘Even a freeway is redeemable’: World’s largest wildlife crossing takes shape in Los Angeles



• Blazing India: Extreme heat forces India’s farmers to pick between low pay and heatstroke