Ray Schmidt

Blessed with the most beautiful women followers for some reason.

[George Noble @gnoble79]

THIS IS ENRON 2.0

Nvidia is the bank of the entire AI trade, and the bank just closed.

Every part of this boom depends on a never ending flow of capital into AI companies, and Nvidia sat at the center of it by financing the demand for its own chips.

When the source of that capital dries up, the whole system stops getting blood.

I lived through Enron and this has the SAME VIBE to it.

The cracks are already everywhere:

- $200B of GPUs are sitting dark in warehouses, bought but never plugged in
- CoreWeave's net loss is up 544%, and Wall Street still celebrates an adjusted EBITDA that strips out interest, depreciation and $2.5B of stock compensation on a company that rents GPUs
- Firmus, nScale and SB Energy have all flopped or delayed their IPOs since early October, and SoftBank just took a $3.7B loss on gas turbine orders

Then comes the Anthropic IPO, which was built for exit liquidity.

It brings peak margins, a peak valuation and no lockup, and the fast entry rule means anyone holding a Nasdaq index fund will be forced to buy it within days. The academic research has always shown that IPOs are bad deals on average, and this one has every warning sign at once.

The bulls keep saying Nvidia is cheap, but those forward earnings come from the same numbers that are about to get restated. Price is the what and the fundamentals are the why, and the fundamentals are deteriorating faster than the price.

When a sector that makes up 40% of the equity market loses its funding, it takes everything else down with it, because an index fund doesn't protect you when the index is loaded with the problem.

Protect your capital first and keep dry powder for what comes after.

Don't be the exit liquidity.

[Owen Benjamin 🐻 @OwenBenjamin]

Remember when I showed you guys that “the Holocaust” was written in the 1970’s?

[Peter Schiff @PeterSchiff]

The big problem in American politics is that voters expect the government to solve their problems. Our country was founded on the principle that the people should be left alone to solve their own problems. When government is empowered to solve problems, it creates them instead.

[Ian Carroll @IanCarrollShow]

Simon holds our hands through one of the most complete explanations of how the world really works today.

Brilliant conversation. I think I may disagree with @SimonDixonTwitt on some details and specifics, but his MIC,TIC,FIC model is by far the best I’ve come across at explaining global power structures.

Great interview @JonesDanny

[Ray Schmidt @theschmidtalker]

@OMApproach What about the Hawaiian Islands?

[Ray Schmidt @theschmidtalker]

OpenAI bugging suspect's conduct could pose danger to U.S. national security, feds warn https://t.co/WSnCxb5UHy

[Matthew McConaughey @McConaughey]

Independent counts.

[Deep Leaks @DeepLeaksHQ]

OH. MY. GOD. There it is… from his mouth

🚨 Netanyahu Funded Hamas $35M a Month via Qatar, using U.S. Tax Dollars, and tells Investigators:

“This is confidential and can’t be leaked, okay? We have neighbors here, sworn enemies. I’m constantly passing them messages. I confuse them, mislead them, lie to them, and then HIT them over their heads.”

• Netanyahu worked to keep GAZA under the control of HAMAS. And keep the West Bank under the control of the Fatah with the goal of preventing them from ever being united.

• Netanyahu arranged for Hamas to receive $35 Million Dollars every month from Qatar
—— suitcases of $35M in American currency, every single month.

“Because the Qatar knew him, they made him put the request in writing because they knew he was going to lie in the future.” 🤯

The result? $1+ BILLION went into the hands of Hamas… fast forward — October 7.

[SpaceWeatherNews @SunWeatherMan]

This is the most terrifying post on the internet today and less than 1% of humans will see it.

Less than 1% of them will understand it (my pinned post)

[Charlie Bilello @charliebilello]

The Fed has failed spectacularly at its most important mandate: price stability.

Since January 2020, consumer prices in the US have risen at a 4% annualized rate, DOUBLE the Fed's 2% target.

The CPI is now 14% above where it would be if the Fed had actually done its job.

[The Anarchist Chef 🧑‍🍳🏴 @Hortysir]

@RepThomasMassie Let Paul answer that himself

[RyanMatta 🇺🇸 🦅 @Ryanmatta]

When they ask me why I’m not voting in the midterms.

[Dylan Ratigan @DylanRatigan]

The US currency won't collapse, the US government won't default on their bonds. The economic policy is slow, unrelenting inflation that destroys the purchasing power of the dollar while inflating the value of the assets controlled by the super rich.

[Ray Schmidt @theschmidtalker]

Enter to win this competition: Win the Slab to Showpiece Giveaway\n\n https://t.co/ULsXkb6CVe

[zerohedge @zerohedge]

Terrible 20Y Auction Prices With Huge Tail, Lowest Foreign Demand On Record https://t.co/87Re2WWGBj

[theleahfiles @leahfiles]

If I were president and I wanted to tank the dollar and get rich off it, here is exactly what I would do.

I would hire a Treasury Secretary who already made $3.5 billion crashing another country's currency. I would put my guy in charge of the agency that approves bank charters. I would install a crypto czar with $200M in crypto holdings and give him an ethics waiver so nobody could challenge it.

Then I would sign an executive order banning the government from ever creating a digital dollar so there was no competition.

Then I would have my family launch their own private digital dollar. My family takes 75% of net profits. I would grow it to $4.6 billion in circulation and route a $2 billion Abu Dhabi sovereign fund deal through it to prove it works.

Then I would get Congress to pass a law requiring every stablecoin in the country to hold short-term Treasury bills. Now every dollar of my digital currency is a forced buyer of government debt. Brookings projects $2.3 trillion in captive demand by 2030.

Then I would have my OCC guy grant my family's company a federal bank charter. Now I can issue my digital dollar with federal authority.

Then I would have my Treasury Secretary weaken the actual dollar. Bond buybacks that suppress yields but tank the currency. Build a $950 billion war chest for more. Let the debt hit $40 trillion. Dollar index drops to 99. Gold goes to highest point ever.

Then I would kill the Corporate Transparency Act and delete the FinCEN beneficial ownership database. That was the one law that required every shell company in America to report who actually owns it. Without it, nobody can trace who is buying my stablecoin, who is routing money through it, or where the profits land.

Then I would let the loop run. Weaker dollar drives demand for "stable" digital alternatives. The law I passed forces those alternatives to buy T-bills. That funds the government's debt. My family takes profit on every transaction. Foreign central banks walking away from Treasuries get replaced by legally mandated stablecoin reserves my family controls.

Then I would use sanctions to start cutting countries off from the dollar system entirely. And when those countries need a new way to transact in dollars, the only federally chartered private digital dollar in existence is mine. They can buy it through shell companies nobody can trace because I deleted the ownership database.

I just built a toll booth on the global financial system. I take a cut every time someone uses the dollar. And I made it so nobody can see who is paying.

And every single step I just described has already happened.

So what does that mean for you and I?

The reason the United States can borrow at low rates and keep your mortgage and your car payment and your import prices stable is because foreign central banks hold trillions in dollar reserves. That system has always been public. The benefit went to everyone. Lower borrowing costs, cheaper goods , and the single biggest economic advantage any country has ever had.

What I just described is the privatization of that function. The entity buying the debt is no longer a central bank acting in the public interest. It is a private company taking 75% of net profits for one family. The reserve function used to generate a public benefit. Now it generates a private fee.

Your purchasing power shrinks every time the dollar weakens. Your 401k buys less in real terms. Everything you import costs more. And every time the dollar drops, demand for the private digital alternative goes up. The one the president's family owns. The one that by law must buy government debt.

You absorb the cost of a weakening dollar. His family collects the profit. That is the trade.

The enforcement mechanism to stop a sitting president from doing this? There isn't one. Former White House ethics lawyer Richard Painter says it would be a violation for literally any other federal employee, but not the president.

Nobody voted for this. No one was asked. There was no debate. There is no enforcement mechanism. There is no one investigating it. The Senate tried and it was blocked.

This is the largest conflict of interest in American history happening in broad daylight while everyone argues about something else.

So what do you do? Share this. Make it impossible to ignore. Send it to your representative, your senator, every journalist you follow. We make them answer for it.
Because the only thing protecting this scheme right now is the fact that not enough people understand it yet.

[Owen Benjamin 🐻 @OwenBenjamin]

This alone shows how fake the moon landing is. There is absolutely no logical explanation for the earth being in the horizon from the moon in the heliocentric model. 0. Game over

[Thomas Massie @RepThomasMassie]

😭 there it is, we hit $40 trillion.

FWIW, I coded the debt badge to sync w/ https://t.co/VbtmGuRhPi which is about 48 hours behind on reporting, and to project to present time based on the annual average debt per second and the number of seconds stale the treasury data is.

[Peter Schiff @PeterSchiff]

The July federal deficit was $432 billion, the largest July deficit on record, up 18% from July 2025. The fiscal-year deficit is already $1.8 trillion with two months remaining (the national debt rose by $2.13 trillion over those ten months), exceeding the entire FY2025 deficit.