William I

RT ≠ endorsement. DYOR. Westpac Deutsche HPFS DBS Firstmac

[William I @thewilliam]

Check out SyncTV🇦🇺's video! #TikTok https://t.co/7mv7AqEIlC

[Shanaka Anslem Perera ⚡ @shanaka86]

Is Michael Saylor about to get a margin call? No. And the reason is more interesting than the rumor, because what he built instead may be harder to escape than one.

A margin call needs a lender who can seize collateral when the price drops. Strategy has none. Its $6.7 billion in debt is convertible notes, the largest tranche due in 2029, with no loan-to-value trigger and no clause that lets anyone take a coin because Bitcoin fell. Saylor learned that in 2022, when he did have a collateralized loan and sweated a liquidation price, then rebuilt the structure so it could never happen again. On the literal question he is right, and the people calling for his liquidation this week do not understand what they see.

But killing the fast death created a slow one almost nobody is pricing. To fund his buying, Saylor issued a mountain of perpetual preferred stock that pays a fixed dividend forever, near 11.5 percent, no matter where Bitcoin trades. That annual bill quadrupled from about $300 million in January to roughly $1.2 billion now, while the cash reserve that pays it fell 38 percent this year to near $1.4 billion, after the company spent $1.5 billion in May retiring debt.

Put those two numbers together and you get the figure that actually matters, and it is not a Bitcoin price. It is a countdown. Dividend coverage, the time the cash can keep paying that bill, has collapsed from more than seven years in early 2026 to between ten and fourteen months, depending on whose math you use. Months, not years.

The market is already pricing it, just not where the rumor is looking. That preferred stock is engineered to sit at $100. Last week it cracked to $82.50, a record 17.5 percent below par. That discount is investors quietly clocking the strain while the timeline screams about a margin call that cannot happen.

There is a clean way out, and it is the one door the structure was built to keep shut. Restoring a safe two years of coverage takes about $2.8 billion, roughly double what Strategy holds, and the fastest path there is to sell Bitcoin. But selling crystallizes a $10.6 billion loss, breaks the never-sell promise that gives the stock its premium, and bleeds the very asset the machine exists to hoard. The exit and the wound are the same cut. He already brushed it, selling 32 coins on June 1 to cover a payment. Thirty-two against more than 847,000 is a rounding error in size and an earthquake in meaning, because the company that swore it would never sell, sold, to pay a dividend.

And there is a second trigger almost no one has read, buried in the fine print. If Saylor ever simply skips a preferred payment to save cash, the missed amount compounds, the senior layer can ratchet its rate higher, a senior miss freezes payments to every junior layer beneath it, and after enough missed quarters those preferred holders can start taking board seats. No one seizes a coin. But control begins migrating to the people he owes. The clock does not just run down. It hands away the keys at the end.

So the honest verdict is the one neither side is shouting. There is no margin call and no imminent bankruptcy. The structure protects him exactly as designed. What it cannot protect him from is a fixed bill that grows while the cash shrinks, where every exit deepens the hole. Sell Bitcoin and break the story. Issue stock into a price near its lowest since 2024 and punish your holders. Skip the dividend and start losing the company by the boardroom.

Saylor did not escape the margin call. He traded a cliff for a clock. A cliff takes you in an afternoon and a stranger pulls the trigger. This clock takes months, and at the end the trigger is pulled by the only two forces he swore would never touch it, his own hand, or the people he owes.

The rumor asks whether someone is about to call his loan. The real question is how many months he can keep paying before he has to sell the dream, dilute the believers, or hand over the board to keep the lights on.

[William I @thewilliam]

Australia’s biggest non-banks address SMSF lending ban | Mortgage Professional Australia https://t.co/WPvJXqUurn

[William I @thewilliam]

Source: Yahoo Finance https://t.co/3GbMjhYw6F

[Shanaka Anslem Perera ⚡ @shanaka86]

Silver ran from 47 dollars to an all-time high of 121 in barely a year, then crashed more than 50 percent to below 60, one of the sharpest collapses in decades. It did it while the silver shortage entered its sixth straight year and widened.

A deepening shortage. A price cut in half. And almost none of it was about silver.

Two forces did the damage, and neither was the metal. The first was gravity. Anything that more than doubles in a year is carrying air beneath it, and air gives way. The second was a war, running backwards. The conflict with Iran spiked oil, oil spiked inflation to the fastest pace since 2023, and that killed the rate cuts the market had banked on. Real yields climbed, the dollar hit a one-year high, and silver, which pays no interest, became the easiest thing in the room to sell, with nearly half the Fed now expecting to raise rates this year instead of cut. The Fed did not crash silver. It finished what the run from 47 to 121 had already started.

Silver fell about twice as hard as gold, blowing the gold-to-silver ratio out toward 68 from near 50 at the peak, because of what silver is. Half of it is money, priced by interest rates. Half of it is industry, the irreplaceable conductor inside solar panels, electric cars, and AI hardware. Gold is pure monetary insurance, so it held in the low four thousands while central banks kept buying. Silver carries the industrial half and far more leverage on top, so it broke. It runs hotter both ways.

Now the part the bulls and the bears both get wrong. The shortage is real, but it is a slow fuse, not a wall. A 46-million-ounce yearly deficit draws down billions of ounces sitting in vaults, a drain of barely one to two percent a year, with roughly a year of demand still in storage. It moves the price only when the deliverable metal runs thin, and right now it has not. The vaults are full. The cost to borrow silver is normal. There is no squeeze. The shortage did not crash silver, and it will not instantly save it.

So the price told you almost nothing about silver this month. It told you about the dollar, about borrowed money, and about how a parabola ends. The metal underneath is exactly where it was, needed, scarce, and ignored by the only number anyone is watching. The shortage never paused while the price fell. When the rate fear finally breaks, that is the part still standing.

[bodila @51bodila]

Jack Bogle made 20 million people millionaires - built a $10 trillion fund - but was most hated man on Wall Street - who refused to be a billionaire

"I've never owned a single share of Vanguard - and I never will "

he gave simple investing advice and explained why Warren Buffett puts 90% of his wife's money into Bogle's fund

"Jack did more for investors than anyone I've ever known "

Wall Street takes billions in fees every year - Bogle proved they don't deserve a penny of it

he was fired at 35 - Wall Street called his idea "un-American " and "Bogle's Folly ", now every major fund copies his model

$1 billion flows into Vanguard every single day - bigger than BlackRock, Fidelity and every other fund - all because of one man

bookmark & watch today ↓

[Emoluments Clause @Emolclause]

#BREAKING: Hayes: “Acting AG Todd Blanche told Congress not to worry about the $1.8 billion slush fund for insurrectionists…The DOJ then told the court the same thing—don’t worry, it’s moot, it’s dropped, and then last week, the judge said okay, fine, put it in writing. She ordered Blanche and Treasury Secretary Scott Bessent and an associate AG to all sign ‘a declaration under the penalty of perjury, they will not take any action to create or operate the anti-weaponization fund and that the anti-weaponization fund will not proceed in any manner or under any name.’ Well, today was the deadline for that and guess what? They came back to the court and they said no, we’re NOT doing it. We’re NOT filing any declaration to officially kill the fund, which probably means the slush fund is NOT dead.”🙄🤦‍♀️

[Anatoli Kopadze @AnatoliKopadze]

Google Brain founder, Andrew Ng:

"100% of my tasks are done by ai agents, self-improving loops are next.

Give it 3-6 months and prompting is gone."

31 minutes of clear explanation on building self-improving agents from scratch.

Worth more than any $500 agentic course.

Watch it, then read the full guide on loops below.

[William I @thewilliam]

Chinese Tourists Under Fire: Disrespectful Behavior Triggers Global Boycott https://t.co/Y4cDMdoIE7 via @YouTube

[Khairallah AL-Awady @eng_khairallah1]

Google CEO, Sundar Pichai:

"If you don't teach your agents to debug themselves now, you will keep wasting hours every week."

In 30 minutes he explains why the best engineers stopped writing code and started building agents.

Most people think building an agent requires an engineering degree.

It doesn't. It requires one guide and one afternoon.

Watch the interview, then save the exact setup below 👇

[Movez @0xMovez]

Andrew Ng:

"100% of my tasks are now done by AI agents - hype has exceeded my expectations. Loops is next step.

in 3-6 months, everyone will be using self-improving loops. No more prompting."

In a 30-minute talk, Andrew Ng explains how to build self-improving agentic systems from scratch.

Worth more than a $500 agentic course.

[Anatoli Kopadze @AnatoliKopadze]

NVIDIA CEO, Jensen Huang:

"Nobody writes prompts anymore. The new job is to write and handle loops."

This is the shift that's going to define the rest of 2026.

53 minutes of pure insight from one of the richest men on earth.

Watch it, then read the full guide on how to actually use loops below.

[Alex Jones @RealAlexJones]

Trump tells Israel’s leadership to stop bombing Lebanon and Benjamin Netanyahu instantly responds by carpet bombing Christian southern Lebanon to kill the Iran peace deal and to take the land..

[Martín Dandach @MartinDandach]

Impresionante muestra de poder de la delegación iraní en Suiza. Llegaron después, los hicieron esperar a los estadounidenses, se negaron a darles la mano, defendieron sus exigencias y ante las primeras amenazas de Donald Trump se retiraron de las negociaciones mientras lo trataron de desesperado. Hicieron ver a los Estados Unidos como los débiles del acuerdo. Es increíble como los persas manejan lo simbólico, como si jugaran una partida del ajedrez. No hay dudas que Irán ya se estableció como la principal potencia de Medio Oriente.

[Emoluments Clause @Emolclause]

#BREAKING: Lawrence: “In that video you just saw of Donald Trump playing games with the idea of maybe having JD Vance sign the document, the most incompetent Commerce Secretary in history, Howard Lutnick, was standing behind Donald Trump doing his usual Lutnick laugh, at every inane thing Donald Trump says, but the other person, the other person standing behind Donald Trump seemed to KNOW what he was watching. The grim face of future presidential candidate Marco Rubio NEVER broke into a smile. Marco Rubio possibly watching his presidential hopes DISAPPEAR right there…And so Donald Trump and Marco Rubio have spent years lying about the Obama deal with #Iran, and now they have proved two things: Just how strong the Obama deal was, and what complete and utter and relentlessly incompetent losers Marco Rubio and Donald Trump really are.” 😳