Bill Gates Just Confirmed What I Told You Six Months Ago

Bill Gates Just Confirmed What I Told You Six Months Ago

30-SECONDS VERSION

  • The Headline: Tech hyperscalers are projected to spend $4.1 trillion in CapEx from 2026 to 2028, with top cloud providers now spending 102% of cloud revenue on capital expenditures—supported by a massive $220 billion year-to-date AI debt issuance.
  • Forget SpaceX for a second — this coal-to-fuel play is still open. (Ad)
  • The Balance Sheet Reality: Credit stress is surfacing across major issuers.
  • The Strategic Takeaway: The AI trade is transitioning from high-growth equity expansion to an aggressive corporate credit event.
  • Warning From an American Father (Ad)

Bill Gates authored a 5,784-word essay warning that "on the current course and speed, there's a very high chance of a net negative outcome." You do not file a statement like that under general commentary. You file it directly under field intelligence.

Gates built the fundamental software foundation upon which every modern hyperscaler operates. When he states publicly that "the good stuff is moving a bit slowly" while "the bad stuff is imminent," the appropriate strategic response is not academic debate—it is an immediate balance sheet audit.

The public media narrative remains fixated on labor disruption, regulatory calls, and automated taxation models.

The capital layer reveals the underlying mechanics: the world's largest technology enterprises are issuing debt at an unsustainable rate, while concrete return metrics on that capital remain speculative.

There is no structural plan for displaced labor, but there is an aggressive strategy for capital extraction running directly through corporate debt markets.


The Intelligence Brief: $4.1 Trillion in Planned Capex and the Math of Overreach

UBS projects hyperscaler capital expenditure will hit $4.1 trillion between 2026 and 2028—more than triple the $1.292 trillion committed over the preceding six-year window. This represents an unprecedented capital acceleration.

The corporate deployment metrics highlight the scale of the expansion:

In 2026, Amazon, Alphabet, and Microsoft are projected to reinvest 102% of their total cloud revenue into capital expenditures. Every dollar generated from cloud operations—supplemented by debt issuance—is being funneled into physical AI infrastructure.

Data from BNP Paribas shows year-to-date AI hyperscaler debt issuance reaching $220 billion, up sharply from $12.5 billion over the same period last year.

Cost of capital is rising accordingly. Tech corporate bond spreads have widened to roughly 89 basis points—9 basis points wider than the broader investment-grade index. S&P Global downgraded Oracle to BBB-, positioning the balance sheet one notch above non-investment-grade status.

As market capacity to absorb massive high-coupon supply tightens, asset repricing becomes an operational certainty.


— Sponsored Briefing —

Is This How America Ends?

Editor's note: Life in America is about to take a very strange turn, says one of Wall Street's best-connected millionaires, who called the 2000 and 2008 crises, all while building his own $200 million hedge fund firm.

At Harvard, Whitney Tilson became close friends with billionaire hedge-fund manager Bill Ackman...

He took on radical socialist New York City mayoral candidate Zohran Mamdani in a public debate last year...

He accurately forecast the 2000 tech wreck and starred in an Emmy-winning 60 Minutes episode on the 2008 financial crisis...

And he's one of the best-connected insiders in America today, with dozens of millionaire and billionaire friends. (He even bakes cookies for Warren Buffett at Christmas.)

I'm telling you this today because Tilson says the next six months are going to be a time of extreme change in our country.

He's warning that America is in the early stages of a crisis that no one in our country can avoid.

It's connected to the huge (and rapid) changes we've seen as a result of AI and other radical new technology.

But Tilson isn't merely warning of more job losses, or another big selloff in the stock market (though he says both of those things are highly likely in the near future).

He says we're living through a permanent reset that'll destroy the America you grew up in.

"I'm 59. I'm a father. And what's coming in America's near future keeps me awake at night, frankly," he said.

That's why he's stepping forward publicly today.

If he's right, 2026 will be a year like no other – and it's crucial you prepare.

In fact, there are several things Tilson recommends you do immediately to get ready. (Step #1 alone could make you more than stocks, bonds, and even gold.)

I strongly encourage you to take a few minutes to hear Tilson's latest prediction.

We've posted everything you need to know on our website, free of charge. Everything you need to know is right here.


The Corporate Weaponization: What Gates Really Showed About the Labor-Capital Divide

Public coverage centered on labor displacement, but the financial architecture underneath drives the true economic shift.

Demographic labor studies covering over 25 million workers show that employment for individuals aged 22 to 25 in AI-exposed sectors (software engineering, customer support, corporate accounting) contracted 6% between late 2022 and late 2025. Conversely, employment for senior, highly skilled professionals within those same fields expanded 6% to 9%.

This structural reallocation concentrated earnings power upward.

World Economic Forum research estimates 92 million legacy positions will be displaced by 2030 alongside the creation of 170 million specialized roles. However, asset ownership dictates who captures that net expansion. Federal Reserve data shows that U.S. households in the top 10% wealth tier held roughly $48 trillion in equities and mutual funds in early 2026, compared to approximately $7 trillion held by the remaining 90%.

Furthermore, IMF working papers evaluate the annual economic value of AI productivity time savings at $2.7 trillion across 86 studied economies—with 96% of that value accruing to advanced economies. For capital holders, the objective is not debating societal distribution, but ensuring balance sheets are positioned on the capital-accruing side of the ledger.


The Regulatory Cost Layer: EU AI Act Compliance as a Hidden Balance Sheet Drag

While primary focus remains on infrastructure CapEx, a secondary cost layer is accumulating through global regulatory compliance.

Under the EU AI Act—Regulation (EU) 2024/1689—Article 50 transparency requirements are fully operational as of August 2, 2026. Customer-facing AI applications must maintain clear disclosures, machine-readable output labeling, and verified synthetic content marking.

The regulatory enforcement roadmap presents immediate operational friction:

Compliance requires continuous system-level audits, provider-versus-deployer re-categorizations, vendor contract overhauls, and formal rights-impact assessments across financial services and core infrastructure.

These administrative costs operate as an ongoing drag on operating margins that traditional sell-side forward models have yet to fully integrate.


— Sponsored Briefing —

Buy a dollar of gold for 36 cents [the math is real]

Right now, you can buy a dollar of gold for about 36 cents.

I know that sounds like it should be impossible…

But here's how:

The major gold miners are throwing off record cash flow at today's gold price – despite gold’s recent pullback.

The four largest gold mining companies have never had this much free cash flow. Ever.

Even at $4,000 per ounce gold, they are the most profitable they’ve ever been. But they have a problem…

Go here and I’ll show you what it is and why gold majors are about to go on a shopping spree for the ages.

When major gold miners make record profits on a gold price handing them margins as high as 75%, they do one of two things:

The return money to shareholders in the form of dividends and share buybacks…

Or, they buy out the best junior mining assets as a means to secure future gold production.

Now, here’s the thing…

The best junior assets are selling as if the gold price is still stuck at $1,800 an ounce – not $4,000+ like today.

That means you can buy the best buyout targets – before they get snapped up by gold majors looking to secure future output.

That’s how you buy a dollar of gold for 36 cents.

Go here and I’ll show you details on my top three buyout targets

My top picks are up as much as 2,050% since early 2024...

And they STILL trade at a 64% discount to the value of their assets.

Read that again.

The whole portfolio is up as much as 1,200% in roughly two years – and they’re still undervalued by 64% when compared to their gold reserves.

I call this bizarre price discrepancy the Golden Anomaly.

It only exists early in a gold bull market... and it doesn’t last long.

So you can pay full price after the gap closes...

Or, you can buy a dollar for 36 cents while this Golden Anomaly still exists.

Go here to see my Golden Anomaly portfolio


The Sovereign Directive: Placing Capital When the Architects Admit There Is No Blueprint

The macro alignment requires clear strategic interpretation:

  • 1. Audit Credit Rating Volatility: Monitor rating agency actions on hyperscaler corporate debt. Multi-notch downgrades will reprice equity risk premiums across the technology sector.
  • 2. Track CapEx-to-Free-Cash-Flow Coverage: Evaluate quarterly filings for CapEx-to-FCF divergence. Reinvestment rates exceeding 100% of segment revenue signal heightened balance sheet vulnerability.
  • 3. Incorporate Regulatory Compliance Drag: Adjust forward margin expectations for large-cap technology holdings to reflect administrative overhead enforced by the EU AI Act and emerging domestic frameworks.
  • 4. Maintain Capital Discipline: Treat structural labor re-allocation and wealth concentration as parameters for portfolio construction, directing capital toward high-margin asset owners rather than unhedged debt issuers.

Individual allocators do not wait for policy consensus. Analyze balance sheets, monitor credit spreads, and position capital where structural risk is appropriately priced.

Protect your perimeter. Deploy with discipline.

Patrick Gibson

The Reclaimed Capitalist


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Ivan Sulyma (Polish: Iwan Sulima, Ukrainian: Іван Михайлович Сулима – Ivan Mykhailovych Sulyma) was a Senior of Registered Cossacks in 1628–29 and a Kosh Otaman in 1630–1635. Life and death Son of Mykhailo Sulyma, Ivan came from a petty noble (szlachta) family. He was born in Rohoshchi (next to Chernihiv). He served as an estate overseer for Stanisław Żółkiewski and later the family of Daniłowicze who inherited his lands; for that service in 1620 he was awarded three villages: Sulimówka, Kuczakiw and Lebedyn. All the villages today belong to the Boryspil Raion, Kyiv Oblast. His sons included Stepan (died 1659), a captain of Boryspil company, and Fedir (died 1691), a colonel of Pereiaslav regiment. He became popular among the unregistered Cossacks, leading them on campaigns to plunder Crimea and other Ottoman vassal territories. For organizing a revolt on an Ottoman slave galley and freeing Christian slaves[1] he received a medal from Pope Paul V himself. Eventually, Sulyma reached the rank of the hetman, which he held from 1628 to 1629 and 1630 to 1635. In 1635, after returning from an expedition to Black Sea against the Ottomans, he decided to rebel against the Polish–Lithuanian Commonwealth, which at that time controlled most of the Cossack territories, and whose nobility was trying to turn militant Cossacks into serfs.[citation needed] Ivan Sulyma took part in numerous campaigns of Sagaidachny against Tatars and Turks. In particular, it was the famous capture of Kafa (modern Theodosia), the main center of the slave trade on the Black Sea, Trapezont, Izmail, and also two attacks on Tsaregrad. On the night of 3 to 4 August 1635 he took the newly constructed Kodak fortress by surprise, burning it and executing its crew of about 200 people under Jean Marion. Soon afterwards however his forces were defeated by the army of hetman Stanisław Koniecpolski and Sulima was turned over to the Commonwealth by Cossack elders or starshina. Together with several other leaders of his rebellion, Hetman Sulyma was executed in Warsaw on 12 December 1635. At first, the Polish King Władysław IV Waza, known for his friendly attitude towards the Cossacks, was hesitant to execute Sulyma, especially since he was a person upon whom the Pope himself bestowed his medal. However, pressured by the nobility who wanted to show that no rebellions against the 'established order' would be tolerated, the order for an execution was given; after being tortured, Sulyma was cut to pieces and his body parts were hung on the city walls of Warsaw.[2]
he Child Winston Churchill was born into the privileged world of the British aristocracy on November 30, 1874. His father, Lord Randolph Churchill, was a younger son of the 7th Duke of Marlborough. His mother, Jennie Jerome, was the daughter of an American business tycoon, Leonard Jerome. Winston’s childhood was not a particularly happy one. Like many Victorian parents, Lord and Lady Randolph Churchill were distant. The family Nanny, Mrs Everest, became a surrogate mother to Winston and his younger brother, John S Churchill. The Soldier After passing out of Sandhurst and gaining his commission in the 4th Hussars’ in February 1895, Churchill saw his first shots fired in anger during a semi-official expedition to Cuba later that year. He enjoyed the experience which coincided with his 21st birthday. In 1897 Churchill saw more action on the North West Frontier of India, fighting against the Pathans. He rode his grey pony along the skirmish lines in full view of the enemy. “Foolish perhaps,” he told his mother, ” but I play for high stakes and given an audience there is no act too daring and too noble.” Churchill wrote about his experiences in his first book The Story of the Malakand Field Force (1898). He soon became an accomplished war reporter, getting paid large sums for stories he sent to the press – something which did not make him popular with his senior officers. Using his mother’s influence, Churchill got himself assigned to Kitchener’s army in Egypt. While fighting against the Dervishes he took part in the last great cavalry charge in English history – at the Battle of Omdurman in 1898. The Politician Churchill was first elected to parliament in 1900 shortly before the death of Queen Victoria. He took his seat in the House of Commons as the Conservative Member for Oldham in February 1901 and made his maiden speech four days later. But after only four years as a Conservative he crossed the floor and joined the Liberals, making the flamboyant gesture of sitting next to one of the leading radicals, David Lloyd George. Churchill rose swiftly within the Liberal ranks and became a Cabinet Minister in 1908 – President of the Board of Trade. In this capacity and as Home Secretary (1910-11) he helped to lay the foundations of the post-1945 welfare state. His parliamentary career was far from being plain sailing and he made a number of spectacular blunders, so much so that he was often accused of having genius without judgement. The chief setback of his career occurred in 1915 when, as First Lord of the Admiralty, he sent a naval force to the Dardanelles in an attempt to knock Turkey out of the war and to outflank Germany on a continental scale. The expedition was a disaster and it marked the lowest point in Churchill’s fortunes. However, Churchill could not be kept out of power for long and Lloyd George, anxious to draw on his talents and to spike his critical guns, soon re-appointed him to high office. Their relationship was not always a comfortable one, particularly when Churchill tried to involve Britain in a crusade against the Bolsheviks in Russia after the Great War. Between 1922 and 1924 Churchill left the Liberal Party and, after some hesitation, rejoined the Conservatives. Anyone could “rat”, he remarked complacently, but it took a certain ingenuity to “re-rat”. To his surprise, Churchill was appointed Chancellor of the Exchequer by Stanley Baldwin, an office in which he served from 1924 to 1929. He was an ebullient if increasingly anachronistic figure, returning Britain to the Gold Standard and taking an aggressive part in opposing the General Strike of 1926. After the Tories were defeated in 1929, Churchill fell out with Baldwin over the question of giving India further self-government. Churchill became more and more isolated in politics and he found the experience of perpetual opposition deeply frustrating. He also made further blunders, notably by supporting King Edward VIII during the abdication crisis of 1936. Largely as a consequence of such errors, people did not heed Churchill’s dire warnings about the rise of Hitler and the hopelessness of the appeasement policy. After the Munich crisis, however, Churchill’s prophecies were seen to be coming true and when war broke out in September 1939 Prime Minister Neville Chamberlain appointed him First Lord of the Admiralty. So, nearly twenty-five years after he had left the post in pain and sorrow, the Navy sent out a signal to the Fleet: “Winston is back”. The War Leader For the first nine months of the conflict, Churchill proved that he was, as Admiral Fisher had once said, “a war man”. Chamberlain was not. Consequently the failures of the Norwegian Campaign were blamed on the pacific Prime Minister rather than the belligerent First Lord, and, when Chamberlain resigned after criticisms in the House of Commons, Churchill became leader of a coalition government. The date was May 10, 1940: it was Churchill’s, as well as Britain’s, finest hour. When the German armies conquered France and Britain faced the Blitz, Churchill embodied his country’s will to resist. His oratory proved an inspiration. When asked exactly what Churchill did to win the war, Clement Attlee, the Labour leader who served in the coalition government, replied: “Talk about it.” Churchill talked incessantly, in private as well as in public – to the astonishment of his private secretary, Jock Colville, he once spent an entire luncheon addressing himself exclusively to the marmalade cat. Churchill devoted much of his energy to trying to persuade President Roosevelt to support him in the war. He wrote the President copious letters and established a strong personal relationship with him. And he managed to get American help in the Atlantic, where until 1943 Britain’s lifeline to the New World was always under severe threat from German U-Boats. Despite Churchill’s championship of Edward VIII, and despite his habit of arriving late for meetings with the neurotically punctual King at Buckingham Palace, he achieved good relations with George VI and his family. Clementine once said that Winston was the last surviving believer in the divine right of kings. As Churchill tried to forge an alliance with the United States, Hitler made him the gift of another powerful ally – the Soviet Union. Despite his intense hatred of the Communists, Churchill had no hesitation in sending aid to Russia and defending Stalin in public. “If Hitler invaded Hell,” he once remarked, “I would at least make a favourable reference to the Devil in the House of Commons.” In December 1941, six months after Hitler had invaded Russia, Japan attacked Pearl Harbor. The war had now become a global one. But with the might of America on the Allied side there could be no doubt about its outcome. Churchill was jubilant, remarking when he heard the news of Pearl Harbor: “So we have won after all!” However, America’s entry into the war also caused Churchill problems; as he said, the only thing worse than fighting a war with allies is fighting a war without them. At first, despite disasters such as the Japanese capture of Singapore early in 1942, Churchill was able to influence the Americans. He persuaded Roosevelt to fight Germany before Japan, and to follow the British strategy of trying to slit open the “soft underbelly” of Europe. This involved the invasions of North Africa, Sicily, and Italy – the last of which proved to have a very well armoured belly. It soon became apparent that Churchill was the littlest of the “Big Three”. At the Teheran Conference in November, 1943, he said, the “poor little English donkey” was squeezed between the great Russian bear and the mighty American buffalo, yet only he knew the way home. In June 1944 the Allies invaded Normandy and the Americans were clearly in command. General Eisenhower pushed across Northern Europe on a broad front. Germany was crushed between this advance and the Russian steamroller. On May 8, 1945 Britain accepted Germany’s surrender and celebrated Victory in Europe Day. Churchill told a huge crowd in Whitehall: “This is your victory.” The people shouted: “No, it is yours”, and Churchill conducted them in the singing of Land of Hope and Glory. That evening he broadcast to the nation urging the defeat of Japan and paying fulsome homage to the Crown. From all over the world Churchill received telegrams of congratulations, and he himself was generous with plaudits, writing warmly to General de Gaulle whom he regarded as an awkward ally but a bastion against French Communism. But although victory was widely celebrated throughout Britain, the war in the Far East had a further three months to run. The atomic bombing of Hiroshima and Nagasaki finally brought the global conflict to a conclusion. But at the pinnacle of military victory, Churchill tasted the bitterness of political defeat. The Elder Statesman Churchill expected to win the election of 1945. Everything pointed to his victory, from the primitive opinion polls to the cartoons in newspapers and the adulation Churchill received during the campaign, but he did not conduct it well. From the start he accused the Labour leaders – his former colleagues – of putting party before country and he later said that Socialists could not rule without a political police, a Gestapo. As it happened, such gaffes probably made no difference. The political tide was running against the Tories and towards the party which wholeheartedly favoured a welfare state – the reward for war-time sacrifices. But Churchill was shocked by the scale of his defeat. When Clementine, who wanted him to retire from politics, said that it was perhaps a blessing in disguise, Churchill replied that the blessing was certainly very effectively disguised. For a time he lapsed into depression, which sympathetic letters from friends did little to dispel. Soon, however, Churchill re-entered the political arena, taking an active part in political life from the opposition benches and broadcasting again to the nation after the victory over Japan. In defeat Churchill had always been defiant, but in victory he favoured magnanimity. Within a couple of years he was calling for a partnership between a “spiritually great France and a spiritually great Germany” as the basis for the re-creation of “the European family”. He was more equivocal about Britain’s role in his proposed “United States of Europe”, and, while the embers of the World War II were still warm, he announced the start of the Cold War. At Fulton, Missouri, in 1946, he pointed to the new threat posed by the Soviet Union and declared that an iron curtain had descended across Europe. Only by keeping the alliance between the English-speaking peoples strong, he maintained, could Communist tyranny be resisted. After losing another election in 1950, Churchill gained victory at the polls the following year. Publicly he called for “several years of quiet steady administration”. Privately he declared that his policy was “houses, red meat and not getting scuppered”. This he achieved. But after suffering a stroke and the failure of his last hope of arranging a Summit with the Russians, he resigned from the premiership in April 1955. “I am ready to meet my Maker,” Churchill had said on his seventy-fifth birthday; “whether my Maker is prepared for the great ordeal of meeting me is another matter”. Churchill remained a member of parliament, though an inactive one, and announced his retirement from politics in 1963. This took effect at the general election the following year. Churchill died on 24 January 1965 – seventy years to the day after the death of his father. He received the greatest state funeral given to a commoner since that of the Duke of Wellington. He was buried in Bladon churchyard beside his parents and within sight of his birthplace, Blenheim Palace. The Family Man In the autumn of 1908 Churchill, then a rising Liberal politician, married Clementine Hozier, granddaughter of the 10th Earl of Airlie. Their marriage was to prove a long and happy one, though there were often quarrels – Clementine once threw a dish of spinach at Winston (it missed). Clementine was high principled and highly strung; Winston was stubborn and ambitious. His work invariably came first, though, partly as a reaction against his own upbringing, he was devoted to his children. Winston and Clementine’s first child, Diana, was born in 1909. Diana was a naughty little girl and continued to cause her parents great distress as an adult. In 1932 she married John Bailey, but the marriage was unsuccessful and they divorced in 1935. In that year she married the Conservative politician, Duncan Sandys, and they had three children. That marriage also proved a failure. Diana had several nervous breakdowns and in 1963 she committed suicide. The Churchills’ second child and only son, Randolph, was born in 1911. He was exceptionally handsome and rumbustious, and his father was very ambitious for him. During the 1930s Randolph stood for parliament several times but he failed to get in, being regarded as a political maverick. He did serve as Conservative Member of Parliament for Preston between 1940 and 1945, and ultimately became an extremely successful journalist and began the official biography of his father during the 1960s. Randolph was married twice, first in 1939 to Pamela Digby (later Harriman) by whom he had a son, Winston, and secondly in 1948 to June Osborne by whom he had a daughter, Arabella. Neither marriage was a success. The life of Sarah, the Churchills’ third child, born in 1914, was no happier than that of her elder siblings. Amateur dramatics at Chartwell led her to take up a career on the stage which flourished for a time. Sarah’s charm and vitality were also apparent in her private life, but her first two marriages proved unsuccessful and she was widowed soon after her third. Her first husband was a music hall artist called Vic Oliver whom she married against her parents’ wishes. Her second was Anthony Beauchamp but this marriage did not last and after their separation he committed suicide. In 1918 Clementine Churchill gave birth to a third girl, Marigold. But in 1921, shortly after the deaths of both Clementine’s brother and Winston’s mother, Marigold contracted septicaemia whilst on a seaside holiday with the childrens’ governess. When she died Winston was grief-stricken and, as his last private secretary recently disclosed in an autobiography, Clementine screamed like an animal undergoing torture. The following September the Churchills’ fifth and last child, Mary, was born. Unlike her brother and older sisters, Mary was to cause her parents no major worries. Indeed she was a constant source of support, especially to her mother. In 1947 she married Christopher Soames; who was then Assistant Military Attaché in Paris and later had a successful parliamentary and diplomatic career. Theirs was to be a long and happy marriage. Over the years Christopher became a valued confidant and counsellor to his father-in-law. They had five children, the eldest of whom (Nicholas) became a prominent member of the Conservative party. Christopher Soames died in 1987. The Private Man Churchill’s enormous reserves of energy and his legendary ability to exist on very little sleep gave him time to pursue a wide variety of interests outside the world of politics. Churchill loved gambling and lost what was, for him, a small fortune in the great crash of the American stock market in October 1929, causing a severe setback to the family finances. But he continued to write as a means of maintaining the style of life to which he had always been accustomed. Apart from his major works, notably his multi-volume histories of the First and Second World Wars and the Life of his illustrious ancestor John, first Duke of Marlborough, he poured forth speeches and articles for newspapers and magazines. His last big book was the History of the English-Speaking Peoples, which he had begun in 1938 and which was eventually published in the 1950s. In 1953 Churchill was awarded the Nobel Prize for Literature. Churchill took up painting as an antidote to the anguish he felt over the Dardanelles disaster. Painting became a constant solace and preoccupation and he rarely spent a few days away from home without taking his canvas and brushes. Even during his tour of France’s Maginot Line in the middle of August 1939 Churchill managed to snatch a painting holiday with friends near Dreux. In the summer of 1922, while on the lookout for a suitable country house, Churchill caught sight of a property near Westerham in Kent, and fell instantly in love with it. Despite Clementine’s initial lack of enthusiasm for the dilapidated and neglected house, with its overgrown and seemingly unmanageable grounds, Chartwell was to become a much-loved family home. Clementine, however, never quite overcame her resentment of the fact that Winston had been less than frank with her over the buying of Chartwell, and from time to time her feelings surfaced. With typical enthusiasm, Churchill personally undertook many major works of construction at Chartwell such as a dam, a swimming pool, the building (largely with his own hands) of a red brick wall to surround the vegetable garden, and the re-tiling of a cottage at the bottom of the garden. In 1946 Churchill bought a farm adjoining Chartwell and subsequently derived much pleasure, though little profit, from farming. Churchill was born into the world of hunting, shooting and fishing and throughout his life they were to prove spasmodic distractions. But it was hunting and polo, first learned as a young cavalry officer in India, that he enjoyed most of all. In the summer of 1949, Churchill embarked on a new venture – he bought a racehorse. On the advice of Christopher Soames, he purchased a grey three-year-old colt, Colonist II. It was to be the first of several thoroughbreds in his small stud. They were registered in Lord Randolph’s colours – pink with chocolate sleeves and cap. (These have been adopted as the colours of Churchill College.) Churchill was made a member of the Jockey Club in 1950, and greatly relished the distinction. Among Winston’s closest friends were Professor Lindemann and the “the three B’s” (none popular with Clementine), Birkenhead, Beaverbook, Bracken. The Churchills entertained widely, including among their guests Charlie Chaplin, Albert Einstein and Lawrence of Arabia. Churchill regularly holidayed with rich friends in the Mediterranean, spending several cruises in the late 1950s as the guest of Greek millionaire shipowner, Aristotle Onassis. Editorial note Much of the information presented here was originally compiled by Josephine Sykes, Monica Halpin and Victor Brown. It was edited by Allen Packwood.
Біографія Дмитра Вишневецького. Дмитро Байда Вишневецький Дмитро Байда Вишневецький Точна дата народження Дмитра Вишневецького невідома. В історії є лише згадки про те, що він був старшим сином князя Івана Вишневецького та його дружини Анастасії Семенівни, яка була дочкою княгині Острозької; вперше ім'я Дмитра Вишневецького згадується в українській історії в 1545 році під час ревізії Кременецького замку. Наступний спогад датовано 1548 роком. Тоді він зробив набіг на землі Очаківського замку, який знаходився під владою Високої Порти; 1551 року - король Сигізмунд II Август призначив Дмитра Вишневецького старостою міст-фортець Черкаси та Канів; 1553 року - незважаючи на попередження Сигізмунда, на свої кошти почав будівництво фортеці на острові Мала Хортиця. Туди почали стікатися козаки, оскільки ця фортеця повинна була стати форпостом у боротьбі проти татарської агресії. Згідно з результатами археологічних та гідрогеологічних досліджень, що проводилися в період з 1990 по 2000 рік, ототожнюється з островом Байда, який розташований на захід від острова Хортиця; літо 1553 року - Вишневецький несподівано для всіх залишає Малу Хортицю і разом зі своїм військом вирушає до Стамбулу. Там він протягом півроку служив султану Сулейману I. Мотиви цього вчинку досі невідомі; 1554 - повернувшись з Туреччини, вирушив до Варшави, де отримав наказ тримати оборону проти татар в закладеній ним фортеці; 1556 - козаки Вишневецького під його командуванням напали самостійно на Аслам-город. У результаті замок був взятий, а всі цінності, які в ньому були, козаки перевезли в Хортицю; 1557 рік - хан Девлет-Гірей спробував схилити Вишневецького на свій бік, однак той відповів відмовою. У результаті хан зібрав всю орду і зробив спробу захопити хортицьку фортецю. Облога фортеці тривала 24 дні, після яких татари зазнали великих втрат і змушені були відступити; влітку 1557 року - хан Девлет-Гірей знову спробував взяти фортецю. З ним ішли турецьке військо на човнах і молдавська підмога. Фортеця була взяла в повну облогу. Проте незабаром і загарбникам, і захисникам довелося покинути фортецю у зв'язку з браком провіанту. У результаті козаки невеликими групами прокралися через турецько-татарські заслони і попрямували уверх по Дніпру до Черкас. Фортеця була зруйнована; 1558 рік - початок підготовки до кампанії проти Криму й до переговорів з Великим князівством Литовським. Вишневецький з московським військом по дорозі збирав козаків. Був запланований похід у Крим. Хан відтягнув всі війська за Перекоп і приготувався до оборони. Але раптово Вишневецький був відкликаний до Москви. Там йому доручили досить дрібні операції на Дону і Кавказі, під час яких він заснував фортецю у Черкаську; 1561 рік - Вишневецький був оголошений зрадником у Великому князівстві Литовському через співпрацю з Москвою. Однак його така позиція не задовольняла, і він зі своїми козаками попрямував до Дніпра, зупинившись на острові Монастирському. Там він домігся від великого князя для себе і своїх супутників письмових гарантій безпечного перебування на території Великого князівства Литовського. Сигізмунд з радістю прийняв його, після чого Вишневецький важко захворів. Навіть думав, що його отруїли, і проходив лікування у медиків, що відповідали за здоров'я самого князя; 1562 рік - Вишневецький прибув з посольством до Москви, намагаючись схилити царя до продовження антиосманської боротьби, але, не досягнувши мети, повернувся в підданство до польського короля; 1563 рік - Вишневецький разом з польським магнатом Ласським здійснив похід на Молдову, де в цей час відбувалася боярська міжусобиця, в боротьбі за молдавський престол. В одній з битв військо Вишневецького зазнало поразки, а він сам потрапив у полон і був привезений до Стамбулу. Гетьман відмовився перейти на турецьку службу і був страчений разом зі шляхтичем Пясецьким. Дмитро Ви