Fred Standefer

This is your future: CAlcuttarado housing because Jared jacked the cost of homes you actually want to live in. Because redundant, repetitious & duplicative regulation increase the cost of a home by 50-100%, while wakadoo carbon goals (actual climate goals do not exist), the restrictions on energy and Jared’s relentless attacks on reliable hydrocarbon energy to create a front-range energy corridor, where you take a bus to work and high-speed rail because only the rich can afford cars.

Typical. California demands that the car industry build one car for Americans and a different kind of car for Californians. It’s insane. A waste of money that the consumer pays. @GavinNewsom doesn’t care, though. He’s a radical.

The grave of Marine Ira Hayes at Arlington National Cemetery. Hayes was 22 years old when he and 5 other Marines raised the flag on Iwo Jima.

ICE Protestors are now blocking Police Departments from arresting pedophiles.

This is your monthly reminder that congress gave @PeteButtigieg $2 TRILLION to fix infrastructure and nobody knows where the money all went. That’s 135 nuclear aircraft carriers worth of cash. Poof.

The West is Greek Wisdom. The West is Roman Order. The West is Germanic Fervour. The West is Iberian Devotion. The West is Celtic Imagination. The West is Slavic Perseverance. The West is Christian Faith.

@EnergyAbsurdity @SecScottBessent @MariaBartiromo Asked Grok, it seems it is entirely possible

🚨 HUGE: @SecScottBessent tells @MariaBartiromo that Treasury estimates there are currently 140 million barrels of Iranian oil "on the water" as of now. That's a stunning number, if accurate.

You have to change the system itself. Not just the people in charge.

Two headlines, same day. Cost to provide healthcare to illegals in Colorado has exploded - 6x the original estimates!!! Colorado out of money. $1.5B budget shortfall. Here is an idea. Stop taking taxpayer dollars to fund services for people who shouldn't be here!!!!

🔸Hormuz: crude quality matters more than quantity 🔸Asia hit hardest with loss of Qatari LNG 🔸US crude and petroleum product exports are up! 🔸Hormuz danger/insurance: Navy escorts are meaningless 🔸Iran’s fee threat: It’s a joke! 🔸China’s Saudi imports: No surprises 🔸Russia gas pipeline attacks: Who is attacking? 🔸Asia coal is back: Coal remains king 🔸Propane spike: Shortages everywhere 🔸Petrobras refining: It’s a mitigation, not a solution Daily Energy Report open.substack.com/pub/afalhajji/…

A super super majority of House Democrats voted NOT to deport foreigners who commit criminal welfare fraud against the American People.

@US_OGA Pretty sure Galt had to relocate from Colorado as well

Atlas is shrugging. In Miami.

There will never again be a free and fair election in Europe so long as the EU can pick every country’s winners and losers by using its Digital Censorship Act to rig every election in favor of the candidate race it wants to win.

The media in DC are useless. How can they let Chuck Schumer say 20 million Americans will be disenfranchised if the federal government requires them to have an ID to vote - and yet also claim there are next to no cases of illegal voting incidents?! The American people are laughing at the Washington crowd.

Breaking: America versus the Globalists No candidate in modern American history has faced what Donald Trump has faced. Not opposition. Obliteration. The full weight of institutional power was deployed against a single political figure because he could not be controlled. Look at Europe. Those leaders were selected. Trump was elected. Three times. While European citizens watched their sovereignty handed over quietly to Davos and the UN, Americans refused to follow. That difference is everything. They had the same plan for America, and the American people rejected it at the ballot box. This is not politics as usual. This is good vs evil. @realDonaldTrump @JDVance

“Sex” is chromosomally determined at conception.

No it doesn’t. It clearly allows fees on income. You’re just trying to trick voters. But thankfully, we are here to tell every Coloradan about this! #copilitics #coleg

Illegals are voting. Illegals are getting free food. Illegals are getting free childcare. Illegals are getting free education. Illegals are getting free tax credits. Illegals are getting free healthcare. Illegals are getting free housing assistance. Illegals are getting free legal representation. Illegals are getting free mental health services. Illegals are getting free college tuition in over a dozen states. It is the most insane scam ever perpetrated on the American people.

@gnoble79 Thank you, excellent advice and summary. We learned nothing from 2008 and other similar periods

Private credit didn't blow up because of Blue Owl or bad software loans or AI disruption. Those were SYMPTOMS. The disease is the same one I've seen 3 times in 45 years on Wall Street: Too much money, too much leverage, too little discipline, and a financial product sold as "safe" to people who didn't understand what they owned. Private credit grew to $3 trillion on a simple lie - that you could earn 9-10% yields with "semi-liquidity" on assets that have no liquid market. That's not investing. That's volatility laundering. And the Street dressed it up beautifully. "Private credit." Sounds so exclusive, so sophisticated. Illiquid loan sharking would be more accurate. And don't get me started on "private equity", another Wall Street rebrand designed to make LEVERAGED BUYOUTS sound like fine wine. They changed the name because the old one scared people. The risk didn't change. Just the marketing. Wall Street has always been brilliant at one thing: rebranding risk as exclusivity and selling it to people who don't know what they're buying. Now add oil at $113 a barrel and watch the whole thing come apart. The Strait of Hormuz is shut. The IEA is calling it the largest supply disruption in the history of the global oil market. The Fed held rates steady yesterday and the market just RIPPED AWAY expectations for even a single cut this year. Oil is the fuse. But the TNT was packed years ago. Oil above $100 means inflation stays sticky. No rate cuts. Every overleveraged borrower inside these private credit portfolios gets squeezed harder every single month. Interest coverage ratios deteriorate. Defaults tick up. Valuations get marked down. And when valuations drop, the leverage stacked on top of that leverage (the "back-leverage" that banks provide using those same loans as collateral) starts to unwind. And JPMorgan already started. They marked down software loan collateral and restricted lending to private credit funds. When the biggest bank in America pulls back, that's a SIGNAL. High-yield spreads just surged to 470 basis points. The widest in years. Credit markets are screaming what equity markets haven't fully heard yet. I've watched this exact pattern before. - Junk bonds in the '80s - Dot-com leverage in 2000 - Structured mortgage products in 2007 The product changes every time but the architecture never does: Wall Street creates something complex, sells it as safe, layers leverage on top, markets the yields to retail investors, and collects enormous fees on the way in. Then something breaks and the gates go up. The people who built the machine are fine - they already got paid. The people who bought the brochure are trapped behind locked doors. $265 billion in market cap already wiped from the major PE firms. I don't think we're close to done. And you know what? That's FANTASTIC. Perhaps we'll finally get some real price discovery. Just say no to mark to model. Holders of this fine merchandise will get the returns they deserve. The pension funds, endowments, and insurance companies that piled into this garbage should take the hit. No bailouts. NONE. This nonsense has gone on far too long and moral hazard is the predictable result. The only way to end this insanity is to let Mr. Market operate. Allow price discovery. Allow bankruptcy. No more money printing. No more crony capitalism. No more extend and pretend. Blow it all up. That is the only way. "But what about the individuals who get hurt!" Better to take the hit now and reset than continue down this road. Hyper-financialization is destroying our economy and enriching the fortunes of the few. This must stop. NOW. But I have little confidence it will. We'll get more of the same: Rule changes. Special accommodations. The inevitable big ease will come. Count on it. AND BUY GOLD