Episode notes
Trump and Bessent's $250 bill photo sums up the current moment, but under the surface the economy is tearing apart. AI stocks are ripping while credit card delinquencies hit 2008 levels. We get into why oil is artificially cheap, why data centers are becoming a political target, and the Bitcoin developments everyone is ignoring.
In this episode:
- Trump and Bessent's $250 bill vs the iconic Fed building audit photo
- Chevron and Exxon CEOs call BS on suppressed oil prices amid SPR drains
- Micron and Dell hit record highs as AI infrastructure proves it's not 1999
- Credit card delinquencies and savings rates flash K-shaped warning signs
- Why Brad Gerstner is pitching dividends to calm AI data center opposition
- Iran's Hormuz Safe and Calyx's Cashew protocol validate Bitcoin's core thesis
TIMESTAMPS:
00:00:00 - Getting the band back together after Memorial Day
00:01:02 - Trump, Powell, and the $250 bill photo
00:02:34 - The K-shaped economy acceleration
00:03:00 - Oil prices, Hormuz, and strategic reserve draws
00:05:41 - Chevron and Exxon call BS on manufactured oil prices
00:07:30 - AI infrastructure: Micron, Dell, and record earnings
00:09:03 - Why this AI boom isn't the dot-com bubble
00:12:22 - xAI Colossus, Anthropic's raise, and OpenAI breakthroughs
00:16:08 - Delinquencies and savings flash K-shaped warnings
00:19:41 - Gerstner's dividend plan vs NYC seizure rhetoric
00:24:24 - AI data centers, energy, and narrative battles
00:26:48 - Bitcoin's Hormuz Safe development
00:28:38 - Cashew protocol, TEEs, and Bitcoin privacy
00:30:45 - Sentiment worst since 2015 and why it matters
00:34:25 - No summer doldrums this year
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