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Edward Snowden said it the best:
“When you say ‘I don’t care about the right to privacy because I have nothing to hide,’ that’s no different than saying
‘I don’t care about freedom of speech because I have nothing to say.'”
“Simply because you are following the law, doesn’t mean that you’ll be exempt from governmental interference in your private life.”
Every parent of a child with special needs should be terrified right now
HAPPY BIRTHDAY DONALD
Trump is refusing to remove the curtain and reveal that his name has been stripped form the Kennedy Center.
Common Dreams 88 Corporations That Paid No US Federal Income Tax in 2025 Spent $852 Million on Recent Lobbying, and Elections
Politicians are giving corporations tax breaks and those corporations are turning around and contributing to the politicians’ campaigns. How is this not corruption at the highest level?
News Bytes
ICE’s largest contractor asked the Trump administration to remove protections for immigrant detainees who work for as little as $1 a day.
In ICE’s new national detention standards, they got their wish.
The names from Peter Thiel’s secret society invitation-only retreat have been leaked, which will include topics like surviving World War III and building your own cult.
Peter Thiel, Elon Musk, Tulsi Gabbard, Jared Kushner, Reid Hoffman, Jonathan Greenblatt, Larry Summers, Cory Booker, and Sam Harris are among those named.
Jeffrey Epstein was also reportedly interested in this group at some point.
The retreat is scheduled for August 12–16 at a venue near Dublin, Ireland.
Mathewos Samson, a Democratic Socialist, has won the runoff election for Georgia State House District 58.
Congratulations to Representative-elect Mathewos Samson on his victory.
The U.S. House and Senate reaches deal on the 21st Century Road to Housing Act, prohibiting the Federal Reserve from issuing a CBDC until 2030.
BITCOIN
Mexican billionaire Ricardo Salinas says Bitcoin is a better investment than real estate, predicting it will eventually reach $1,000,000 He holds 70% of his estimated $5 billion net worth in BTC
This is the single handedly most inane thing this state government has ever done, and that is saying something. I have no idea what I’m going to do now. I am just in shock at how much this damaged my city’s credibility as a crypto hub. Illinois Governor Pritzker has signed a 0.2% tax on crypto transactions into law including transfers between personal wallets, with the Crypto Council for Innovation calling it “the most punitive digital asset tax in the country.”
The Pritzker family, like any other wealthy “philanthropists”, may gain several advantages from operating NGOs and charitable foundations. These benefits can be categorized into financial, social, and strategic advantages:
This is the same crook that removed the 5 toilets from his mansion to avoid paying $331,000 in tax liabilities, then gifted a $9M deal to the contractor that helped him do it. The only thing dumber than this tax, are the people who comply with it.
Illinois Governor J.B. Pritzker signed the Digital Asset Tax Act (DATA) into law on June 16, 2026, as part of the state’s $55.9 billion fiscal 2027 budget (Senate Bill 3019). This legislation makes Illinois the first U.S. state to impose a transaction-based tax on digital assets, set to take effect on January 1, 2027.
The law imposes a 0.2% privilege tax on the value of digital assets involved in business activities, including exchanges, transfers, custody, and wallet services. The tax is collected and remitted by registered digital asset brokers rather than individual users.
It applies to:
> Brokers with a physical presence in Illinois.
> Out-of-state brokers with at least $100,000 in annual receipts from Illinois customers.
The measure is projected to generate approximately $60 million annually for the state. Industry groups, including the Crypto Council for Innovation, have condemned the tax as the “most punitive” in the country, warning it could drive innovation and businesses out of the state. Violations of the registration and compliance requirements can be charged as a Class 3 felony.
THIS MAN WITH AUTISM SAVED MONEY FOR TWO YEARS SO HE COULD DONATE 160 BOXES OF CRAYONS TO PUBLIC SCHOOLS.
•PROJECT NIGHTFALL
A man with autism spent more than TWO YEARS saving money for one goal: Buying crayons for children he had never met.
Chris Francisco, a 32-year-old man from the Philippines, quietly set aside small amounts of money over the course of more than two years.
One peso at a time, Chris patiently saved until he had enough to buy 160 boxes of crayons for local public schools.
When he finally reached his goal, he packed the crayons into a large sack and personally delivered them to two schools, giving 80 boxes to each.
He also donated periodic tables to help high school students with their studies.
Teachers were deeply moved when they learned that every box had been paid for through years of careful saving.
Many people wait until they’re wealthy to make a difference. Chris didn’t. He simply gave what he could, little by little, until those small sacrifices became something beautiful.
When asked about the donation, Chris said: “I hope they appreciate what I’ve done.”
This man saw children he didn’t know, believed they deserved support, and spent years quietly working toward helping them. Proof that generosity isn’t measured by how much you have. It’s measured by how much of your heart you’re willing to give.
▓▓▓—▓▓▓—▓▓▓
Kevin Warsh just ended his first ever FOMC meeting as Fed chair.
His message to markets: “I can’t give you any guidance on what we’re going to do next.”
Here is what he said:
1. Inflation is still way above the Fed’s 2% target and prices are too high for most people
2. “We will fix five years of misses on inflation”, he is directly saying the previous Fed failed
3. The Fed will no longer tell you in advance what it plans to do with interest rates
4. He watches stock market prices more than anything else when making decisions
5. Interest rates are hurting the housing market but are not slowing down financial markets
6. All 19 members at the table agreed not to raise rates today
7. The 2% inflation target is not changing
8. He refused to say whether bond yields rising after today’s decision concerns him
9. He refused to say whether he has spoken to Trump since becoming Fed chair
Under Powell, the Fed always told markets what was coming next. Under Warsh, that is gone.
MASSIVE SELLOFF IN THE MARKETS AFTER FED ANNOUNCED NO RATE CHANGE
$1.5 trillion was wiped from Stocks, Precious metals and crypto in just 10 minutes after the FOMC announcement.
S&P 500 dumped -0.96%, wiping $610 billion from its market cap.
Nasdaq dumped -1.28%, wiping $490
‘Bigger Than 2008’—Serious $10 Trillion Fed Crash Warning Sparks Huge Bitcoin Price Prediction By Billy Bambrough,Senior Contributor. I write about how bitcoin, crypto and blockchain can change the world.
Jun 18, 2026,
Summary
Bitcoin is currently under pressure, struggling against the dominant AI investment boom, even as BlackRock projects a massive $9 trillion market. Despite a significant price correction from $126,000, Wall Street giants are reportedly planning a major crypto move. However, trader Arthur Hayes warns of an impending AI “credit event,” predicting an AI bubble implosion far exceeding the 2008 crisis. He argues that unsustainable AI capital expenditure, constrained by Moore’s Law, will lead to financial authorities printing vast sums of fiat money. Hayes believes this will ultimately redirect capital into Bitcoin and crypto, potentially driving Bitcoin’s price to $1 million.
Bitcoin has struggled this year as the artificial intelligence investment boom piles pressure on crypto (even as BlackRock issues a massive $9 trillion prediction).
The bitcoin price crash from $126,000 per bitcoin to just over $60,000 has spooked traders, though some traders are already cheering what they see as confirmation of recovery.
Now, as Wall Street giants reveal they are quietly plotting a “big” crypto move, closely watched trader Arthur Hayes has predicted an AI “credit event” is about to crash the market and blow up the bitcoin price.
BlackRock Issues ‘Explosive’ $9 Trillion Prediction As The Bitcoin Price Suddenly Surges
By Billy Bambrough
Federal Reserve, Kevin Warsh, bitcoin, bitcoin price, Arthur Hayes, bitcoin price prediction,
Federal Reserve chair Kevin Warsh has been warned of a coming AI “credit event” that could be “bigger than 2008″—something that could blow up the bitcoin price.
“If we do get an AI credit event, it will be bigger than 2008 because the whole world is in this delusion that AI is the biggest technology ever … and the Fed can’t [out] print Moores Law,” said Hayes, speaking on the Bankless podcast, and referring to Intel cofounder Gordon Moore’s prediction that chips will continue to double in power every two years even as production costs fall.
Hayes, a cofounder of the bitcoin derivatives pioneer BitMex who now runs the Maelstrom family officer, pointed to AI capital expenditure being compared to the pre-industrial revolution railroad build out.
Technology companies have poured eye-popping amount of cash into the development of artificial intelligence models and data centers in recent years, with the biggest so-called hyperscalers—Meta, Microsoft, Amazon, and Alphabet—projected to spend a combined $725 billion on AI infrastructure in 2026 alone.
“I don’t care how much money you throw at this thing, you can’t change the fact that chips get better every two years even if you pump $10 trillion into the economy, so what’s the response going to be by the financial authorities to save the banks? ‘We’ll just shovel fiat money in.’”
Hayes predicted that if investors decide AI investment no longer meets its “cost of capital,” that money will go “straight” into bitcoin and crypto.
“The implosion of the AI bubble and the money printing that’s going to happen, especially in the United States … is going to dwarf sub-prime and it’s going to take us to a $1 million bitcoin price.”
It’s ‘Over’—Crypto Is Quietly Braced For A ‘Critical’ BlackRock Bitcoin Price Earthquake By Billy Bambrough
The bitcoin price has fallen sharply since late 2025, though bullish bitcoin price predictions see it soaring to $1 million per bitcoin in coming years.
Bitcoin, created in response to the government bail out of banks in 2008, has traded as both an inflation hedge and high-growth technology stock over the last 15 years.
“This is the ‘big print,’” Hayes said, adding: “If you time this well, you’ll never work again,” comparing its to Michael Burry’s famous bet against the U.S. housing market that became the basis of the movie, The Big Short.
Meanwhile, new Federal Reserve chair Kevin Warsh has left interest rates on hold at his first meeting as leader of the Fed, despite being appointed by president Donald Trump will explicit instructions to cut interest rates.
Trump, in a reversal from earlier comments that he would be disappointed if Warsh did not cut interest rates, said last month he would let Warsh “do what he wants to do.”
“The hold itself was never in question,” Iggy Ioppe, chief investment officer at Theo, formerly of Credit Suisse and Vinik Asset Management, said in emailed comments.
“What matters is Warsh using his first meeting to drop the easing bias, which lines up with what the data has been telling us for weeks. Inflation is still at a three-year high, and payrolls are coming in hot, with over 500,000 jobs created in the last three months. There is no version of the next few months where the Fed is cutting, but every day they don’t hike, they are effectively easing.”
David @david_eng_mba
Bitcoin Is a Macro Spring, The Path to $190K
BTC: ~$64K
Power-law trend: ~$130K (mean reversion)
3x target, 1-year: ~$190K
The Path:
Oil falls.
WTI down $10/bbl+ cuts headline inflation.
AI productivity rises.
More output per worker lowers unit costs.
CLARITY Act advances.
Regulatory risk falls. Institutional access improves.
Fed pressure fades.
Hike risk dies before cuts begin.
That is the sequence:
Cheaper energy → lower inflation
Higher productivity → lower structural costs
Regulatory clarity → lower risk premium
Lower rate pressure → higher BTC multiple
Bitcoin does not need the Fed to cut tomorrow.
It needs the market to stop pricing higher rates forever.
At $64K, the spring is compressed.
The US and Iran have officially signed a memorandum of understanding (MoU) to end their war, with both presidents confirming the agreement on June 17, 2026.
The “Bitcoin power law,” popularized by physicist Giovanni Santostasi, treats Bitcoin’s price as a power function of time, plotting as a straight line on a log-log chart. Its headline projection is roughly $10 million per Bitcoin by 2045 — on the order of 50–100x over two decades — with growth that decelerates over time and large drawdowns built into the trend.
https://x.com/Giovann35084111/status/2066935788378390636