CoinDealer

One year ago I minted the first ten pieces of my genesis NFT collection on Ethereum, and today I minted the last 10. It’s a photography collection of 50 1/1 pieces that best represent the culture and history of Nashville, TN. Priced at .1 each 👇 opensea.io/collection/nas… #NFT

Republicans get *tons* of stuff wrong. Tons. But they tend to govern better because they get the basics right. Most smart policy people are Democrats, but because Democrats get so many fundamental aspects of governance wrong, they're fighting a wicked uphill battle.

Wait. Since when is recognizing that South Korea’s population declines being bad is considered right wing? It’s not shaming her for not having kids. its infantilization of 23 YO while all stats around sex & dating in that age range are horrendous. That shouldn’t be “right wing”

TLDR: I am a recovering alcoholic with no fund, no credentials, and no lobbyist. I rebuilt myself from nothing. Then I broke into finance with no degree, no pedigree, and no permission. I parsed SEC filings for a $31.5 billion private credit fund called Cliffwater. Not because anyone asked me to. Because nobody else would. The filings are public, but they are buried in footnotes that are not indexed, not searchable, and not structured for analysis. I have been told by fund managers that nobody even attempts this. Billions of dollars in pension capital, and the people who manage money for a living do not bother to read the filings. So I read them. Every loan. Every amendment. Every semi-annual PIK disclosure. 2,330 positions. I hand-researched fifty. I found 189 loans where borrowers are paying interest with more debt instead of cash. I found over 50 loans that are not generating enough cash to service their debt at all — carried at par on the books of a fund that has never reported a losing month in 41 months. The fund's Sharpe ratio is 3.75. Bernie Madoff — who was fabricating returns and could pick any number he wanted — ran a 3.5. He got caught because the numbers were too smooth by Markopolos. The greatest quant fund in history, Renaissance Technologies, runs a five or six. Cliffwater is claiming risk-adjusted returns that would be impossible even if you insider-traded with perfect information every single time, because the volatility of the underlying markets would still prevent it. Nobody asked questions. Bloomberg confirmed 14% redemptions 48 hours after I published. S&P cut the fund's outlook to negative this week. Cash on hand fell 76% in six months. This is not an isolated fund. This is the structure. $9.4 trillion in private equity. $3.5 trillion in private credit. They all pay their own valuation agents. The valuation agents decide what the funds are worth. No valuation agent has ever been fired for saying the number was too high. The marks produce the NAV. The NAV produces the fees. The fees come from pensions. The pensions come from firefighters and teachers and nurses in Oregon and California and Illinois who will never read a private placement memorandum in their lives. Wall Street ran out of rich people. The endowments were full. The sovereign wealth funds were tapped. So they went downstream — to 401(k)s, to retirement accounts, to interval funds sold to people who have no idea what they own. 1. Direct the SEC and FSOC to examine Level 3 fair value practices across interval funds and BDCs. 2. Require that valuation agents be independent of the funds they mark. 3. State publicly that the current self-marking regime creates systemic risk. 4. Mandate position-level mark disclosure for every fund that accepts pension capital. There are two ways this ends. It breaks all at once like 2008 and we fix it. Or it rots slowly like Japan: one fund blows up, six weeks of quiet, another one, and nobody connects it for a decade while a generation of retirees gets destroyed. I am not asking anyone to take my word for it. I am asking them to read the filings. If you know someone in the administration, a regulator, or anyone on a legislative committee, please send this to them. One person learned this from a one-bedroom apartment. Your government can too. The will is what is missing.

Let's get real and rip the mask off...what actually flipped the script on Chavez wasn't some sudden moral awakening, wasn't the old allegations, and sure as hell wasn't his actual track record. Nah, the only thing that changed is that Cesar Chavez became too damn politically radioactive for the current crowd. For decades, he was their golden boy: the perfect poster child for labor grit, fiery activism, civil rights glory...all wrapped in a neat, saintly package they could parade around. But here's the spicy little secret they've been desperately trying to bury: Chavez didn't just "dislike" illegal immigration...he hated it with a passion that would make today's open-borders cheerleaders choke on their lattes. He wasn't whispering polite concerns. He was out there organizing hard against it, launching full-on campaigns, setting up "wet lines" to block crossings, ratting out undocumented workers to INS, and straight-up saying the flood of illegals was gutting wages, smashing unions, and screwing over the very farmworkers he bled for. He called them strikebreakers, used terms like "wetbacks" without apology, and believed getting them out was the key to winning strikes overnight. That raw, unfiltered truth doesn't play nice with the modern progressive fairy tale. So when New Media started blasting those old clips and quotes back into the spotlight...boom...the protective bubble popped. The same machine that once canonized him hit the panic button, flipped the switch, and suddenly decided to memory-hole the inconvenient parts. Can't have a labor icon exposing the wage-undercutting scam they're now fully onboard with, right? Truth hurts when it doesn't fit the narrative. Chavez didn't change. The script did...and they’re still mad he didn't stay in his lane. (article below)

Michigan reported 8.2 million registered voters in 2024. Michigan's voting-age citizen population was 7.6 million in 2024. Sen. Elissa Slotkin (D-MI) opposes the Save America Act. @SenatorSlotkin

🚨 Our Department of Education lined Emory University's pockets with $676 MILLION in federal funding last year. Emory is on track to receive $700 MILLION in federal funding for 2026-2027. They hired a terrorist's daughter and gave her a yearly salary of $150,000.

U.S. Attorney Bill Essayli confirms that under Governor Gavin Newsom, illegal aliens can register to vote through California’s website and the DMV. Audits show illegal immigrants are being registered, even though it’s a FELONY for them to vote in California elections. This is outright sedition, establishing an illegal system designed to undermine our Constitutional Republic, and Governor Gavin Newsome is GUILTY!

On January 26th, 2024, Joe Biden froze all new permits for LNG export terminals. A TikToker met with White House climate advisors, the Sunrise Movement called it "monumental," Climate Defiance called it "the most significant move any President has ever made on stopping fossil fuels," and Senator Jeff Merkley said LNG was "actually worse for the environment than coal." 170 scientists signed a letter to Biden "imploring" him to ban new LNG terminals. The White House published a press release celebrating the decision. The Sierra Club cheered. Food & Water Watch cheered. The entire progressive climate apparatus celebrated what they believed was the beginning of the end for American natural gas exports. The pause froze permits for roughly 19 billion cubic feet per day of LNG export capacity that had been approved but hadn't broken ground yet. That is more capacity than the United States currently has operational. Biden's DOE said the review would take at least 12-15 months. Everyone understood the real timeline... it was designed to run past the 2024 election and potentially never conclude if the right candidate won. A federal judge in Louisiana struck down the pause in July 2024. Biden's DOE slow-walked compliance. The permits didn't move. The projects stalled. Financing dried up because banks wouldn't fund terminals with uncertain regulatory futures. Wood Mackenzie warned that "buyers could start to look at competing projects outside of the US, such as those in Canada, Australia and particularly Qatar, as alternative supply sources." Qatar. That's the place to remember. Biden's LNG pause told the world that the United States was an unreliable supplier. That American energy policy could change overnight because a TikToker got a meeting at the White House. That terminals costing $10-20 billion each could be frozen mid-approval by executive whim. That the world's largest LNG exporter was governed by people who considered its primary export product "worse than coal." The world's energy buyers heard that message and made the rational decision. They signed more contracts with Qatar. QatarEnergy expanded. Qatar's reputation as the world's most reliable LNG supplier strengthened... because America's reputation as a reliable supplier was being actively sabotaged by its own government. Trump reversed the pause on Day One. January 20th, 2025. Executive Order 14154, "Unleashing American Energy." The DOE resumed permit processing immediately. Commonwealth LNG in Louisiana received the first approval on February 14th, 2025. Energy Secretary Chris Wright declared a return to "regular order." The pipeline of pending projects... CP2 in Louisiana, Sabine Pass expansion, Lake Charles terminal, Port Arthur Phase 2 in Texas... began moving again. But time was lost. Fourteen months of frozen permits. Fourteen months of stalled financing. Fourteen months of uncertainty that pushed buyers toward Qatar and away from the United States. Fourteen months during which terminals that could have been under construction sat on paper. Each of those terminals takes three to five years to build after approval. Every month of delay in 2024 is a month of lost capacity in 2028 or 2029. Now look at today. March 19th, 2026. Qatar just lost 17% of its LNG export capacity for three to five years. Iranian missiles damaged two LNG trains and a GTL facility at Ras Laffan. QatarEnergy CEO Saad al-Kaabi confirmed $20 billion per year in lost revenue. Force majeure declared on contracts to Italy, Belgium, South Korea, and China. 12.8 million tons per year offline. The world's "most reliable" LNG supplier just became unreliable overnight... because it sits next to a war zone that American climate activists never thought to factor into their environmental models. The buyers who signed long-term contracts with Qatar because Biden's pause made America look unreliable are now receiving force majeure notices. The contracts they chose over American supply are being broken by Iranian missiles. The terminals Biden froze could have been under construction right now... adding the capacity that the world desperately needs and that America is uniquely positioned to provide. The math is simple and devastating. The United States has roughly 15 billion cubic feet per day of operational LNG capacity. Another 17 bcf/d is under construction. Another 19 bcf/d has been approved but hasn't broken ground... the capacity Biden froze. If those frozen terminals had been approved on schedule in early 2024 and broken ground immediately, some would be approaching operational status in 2027-2028. Instead, they're just now restarting the approval process after fourteen months of lost time. Every month of Biden's LNG pause is a month that American export capacity won't be available when the world needs it most. Every terminal that was delayed is a terminal that won't be shipping gas to Europe and Asia during the three-to-five-year window when Qatar's capacity is crippled. Every buyer who went to Qatar because Biden made America look unreliable is now scrambling for replacement supply that America could have been providing. Biden's climate advisors met with a TikToker and decided the future of global energy security. The 170 scientists who signed the letter wanted to save the planet from American natural gas. Senator Merkley called LNG "worse than coal." The Sunrise Movement called the pause "a huge win." Today, Asian LNG prices are above $25 per million BTU and climbing. European gas prices have surged 50% since the war began. South Korea, which gets 65% of its helium from Qatar, is scrambling to keep its semiconductor fabs running. Italy, Belgium, and China are staring at force majeure notices from a supplier whose facilities are burning. And somewhere in Cameron Parish, Louisiana, a $10 billion LNG terminal that should have been under construction fourteen months ago is still waiting for the paperwork Biden's DOE refused to process because a climate activist on TikTok told them not to. The world needed American LNG. Biden said no. The world went to Qatar. Iran destroyed Qatar's infrastructure. The world needs American LNG again... more desperately than ever... and the capacity that could have been ready isn't, because one administration decided that appeasing its youngest, loudest, least informed voters was more important than the energy security of the free world. Trump lit the fuse on Day One. Reversed the pause. Approved the permits. Unleashed the energy. But fourteen months of sabotage can't be erased with an executive order. The terminals take years to build. The lost time is permanent. And every day between now and when those terminals come online is a day the world pays the price for a decision made in a White House meeting with a TikToker. Energy policy is national security. Biden forgot that. The world is remembering it right now... at $25 gas in Asia, $113 oil in Europe, and force majeure notices from a burning LNG facility in Qatar. Trump said the war on American energy was over. He was right. But the damage from the last one hasn't finished arriving yet.

On the news that USAID funded Boko Haram, I couldn't help but think back to 2014 when Alex Jones then alleged Boko Haram was being secretly backed by the Obama CIA

Mike is doing really valuable work. He is systematically hunting down fake Colorado voters all over the World. He is to kind when he says the SoS isunwilling or incapable of fixing the voter rolls. The corrupted voter rolls are their secret sauce to systemic voter fraud in Democrat States. We think it happens at ERIC. The centralized Soros funded management system. They bring all the voters into one centralized system. Remove as many Republican voters as possible. Then send lists out NGOs for ballot harvesting in all the different States. It has been so successful that California built their own ERIC. They cheat other ways as well, but this one is relatively easy, low tech and needs no accomplices. Just NGOs that think they are helping with “Democracy.” #Copolitics

When I first moved to LA in the 90s, a cycler was eaten by a mountain lion on a trail. These are not Disney characters. They are predators, but California is filled with space cadet Karens who keep trying to populate the hiking hills with them. The only reason California is habitable is because Teddy Roosevelt did a mass culling of mountain lions, but now they want these things next to their kids. There is no difference between California empathy and California stupid.

Madness

Cenk Uygur? Silent. Ana Kasparian? Silent. Mehdi Hasan? Silent. Francesca Albanese? Silent. Greta Thunberg? Silent.

Norm Eisen created the Bragg case and planned to use it as an article of impeachment until they got wind of Rudy Giuliani investigating the Biden crime family’s dealings in Ukraine and they changed course. That means Norm created the case, pressured Bragg to bring it through his friend Mark Pomerantz, and worked with both the witness, Michael Cohen, and the judge, Juan Merchan.

Sometimes I believe the conspiracy theory that anti-nuclear environmentalists are just oil and gas astroturfed organizations

Democrats: “lol if we ever come to power again we are going to flood the country with another 100 million illegals and throw you all in prison.” Senate GOP: “Ermmm guys… We can’t break with our precious norms and procedures and pass voter ID…”

Not to be a killjoy but that monkey's not gonna learn how to read

High Point University in NC, which beat Wisconsin in basketball today, conducts campus tours on golf carts, offers wealthy students private housing for $40,000 per year and built an "airplane-cabin interior" so that students could rehearse sitting next to an executive on a plane.

The UC system now gets around anti discrimination laws by accounting for the demographics of the high school rather than the race of the applicant. More black and Hispanic students = more likely to get in.

the number one reason mass deportations will increase is because last year we put a frivolous Girlboss in charge and still managed to deport 3 million foreigners (400k removals, the rest self-deportations), and now a serious man is taking over.