Russ Vought's little project is shaping up quite nicely.

The U.S. Strategic Petroleum Reserve is at its lowest level since 1983, while China's about to flood the market and Iran controls the Strait of Hormuz. Traders have kept oil stable so far, but fundamentals always catch up eventually. Watch the full video: youtu.be/czzbuPyQD_0

Sam Altman and Elon Musk are feuding on X over technology *they* built together (which happens to be designed to optimize our obsolescence), and everyone's just watching it like entertainment instead of a preview of who actually controls the future. Watch the full video: youtu.be/czzbuPyQD_0

June's budget is a masterclass in priorities: more from paychecks, more refunds to the top, less for classrooms. Lindsey Graham's replacement makes sense, right? Oh, and we're draining oil reserves. Anything else going on? It's On The Record for 7/14/26! Watch the full video: youtu.be/czzbuPyQD_0

Lindsey paving the way to the bad place for Mitch. Rubio is "viceroy" of Venezuela. Fresh look at US financial picture as of June. We're almost of out oil. Elon and Sam have it out. KLTW to @dropsitenews.com for West Bank coverage. Headlines and more.

Credit card delinquencies are brushing up against '08 peaks. Auto loan delinquencies have blown past Great Recession records. Subprime borrowers are missing payments at unheard of rates. The symptoms echo '09, yet the underlying crisis is different. Watch the full video: youtu.be/gGL-2C8HNhI

Watching the mainstream already mourning Lindsey Graham and rewriting his history. Graham was hateful & cowardly. And now he's food for worms. These guys never learn. So busy selling their souls in life to understand that we all wind up in the dirt.

The money supply is two to three times larger than 2008. The problem is, it's not circulating. It's parking at the top while the bottom of the economy bleeds out with weak hiring and frozen housing. That's not a shortage. That's a distribution problem. Watch the full video: youtu.be/gGL-2C8HNhI

OpenAI's giving America a 5% stake in their company. You know, the one that lost $40 billion last year with no path to profitability. All they ask in return: forget about the wealth tax and just let them operate. Oh, and maybe a bailout when it collapses. Watch the full video: youtu.be/gGL-2C8HNhI

10 sitting house democrats signed the Promise to America pledge ensuring they're not socialists. It has 6 points; 5 are empty platitudes. The 6th cuts Medicare, Medicaid + Social Security. Are they corrupt, or just stupid? You decide. 🎧 Listen to the latest episode of #UNFTR: The New Republicrats.

A message for the moderate dems who "pledge" to fight socialism. First, socialism doesn't exist in America. Second, we already have a party that supports this pledge. Third, fuck off. Love, me.

Good news. I too spoke with Mitch McConnell yesterday. I wished him a speedy recovery and he said, "brff nnnn maahhh". I told him to save his energy. Nevertheless, he persisted.

Yes, we absolutely believe reports that Senate Majority Leader John Thune spoke with Mitch McConnell, and that the two had a “lengthy and substantive conversation that covered a variety of topics.” Substantive. Lengthy. Of course! Watch the full video: youtu.be/gGL-2C8HNhI

Silliness meets substance on this week's On The Record: dead senators, OpenAI's gift to America, the Palantir CEO insisting he's not on drugs, Trump's meme coin casino, and whether 2026 really is shaping up like 2008. Watch the full video: youtu.be/gGL-2C8HNhI

Parallels to 2008 are creeping up. We explore just how close they are. PLUS a birthday tribute to our producer "99", OpenAI goes commie, Platner (again), the Trump curse and a montage of Mitch McConnell falling and freezing. Ya know, to honor him.

The Bear's finale looks redemptive, but Carmen is Ayn Rand's Fountainhead archetype: he understands everything and learns nothing. The show exposes the real American tension—individual genius versus collective good. 🎧 Listen to the latest episode of #UNFTR: The Bear and the American Male Archetype.

Spoilers abound. My wife and I finished The Bear and the finale inspired many thoughts. Particularly the reference to The Fountainhead, which hid the objectivist journey of the protagonist in plain sight. It's a uniquely American theme that plays out constantly in our culture, e.g. Elon vs Zohran.

Money's circulating through Wall Street at velocity with fees extracted at every rotation. Billions deployed into tech that isn't delivering returns, powered by an energy grid that can't support it, outcompeted by China. We're circling the bowl in slow-mo. Watch the full video: youtu.be/BZ9RDkDB7bg

The Democratic establishment was beaten in the New York primaries and revealed what they've always felt: contempt for the left. Their response? "If you hate the party, leave." The mask is finally off. The latest from @rashedmian.bsky.social for #UNFTR.

Wall Street is throwing everything at the wall and calling it a thesis. The press releases may scream confidence, but the actual behavior screams incoherence. Today's OTR breaks down how the financialized economy is cooked. Watch the full video: youtu.be/BZ9RDkDB7bg

Trump is *thrilled* about NY's rent freeze, his 2 supporters showed up to the America 250 fair, and we dive into Wall Street's fever dream. Inflation's about to "cool" on paper, and the Venezuela crisis keeps getting worse. On The Record for June 30, 2026. Watch the full video: youtu.be/BZ9RDkDB7bg

Concrete examples of how insane Wall Street is behaving. Trump's sad little picnic. Killer Left Take goes to @krystalball.bsky.social. BEA is going to change inflation methodology to make it look better. Zohran is king of the world. The Venezuela crisis is beyond words. On The Record June 30

A bipartisan housing bill with real backing is hostage to a voter suppression farce over an imagined crisis. The Heritage Foundation's own data: 130 fraudulent votes in 150 million cast. Meanwhile, 745,000 people have no roof. #UNFTR for @meidastouch.com. Watch the full video: youtu.be/MCPjytZiWnA

The bubble isn't private credit. It's you. The system is engineered to siphon wealth from the middle and lower classes. When purchasing power collapses, everything else falls with it. Everyone looking at private credit is looking at it backwards. Watch the full video: youtu.be/lQLy82yuQMA

Summer on Long Island is undefeated. A day away from the fray.

Private credit is a $1.8–$3.5 trillion market with pension funds and retail investors exposed. BDCs are gating redemptions. The Financial Stability Board warned in May. If it seizes up, what breaks? 🎧 Listen to the latest episode of #UNFTR: Is Private Credit the Pin That Pops the Bubble?

Trump is blocking a bipartisan housing bill to attach a voter suppression act over a "problem" that only affects 130 people a year, while 745,000 Americans sleep outside. Bad math, and even worse priorities. #UNFTR for @meidastouch.com. Watch the full video: youtu.be/MCPjytZiWnA

Latest for @meidastouch.com. Trump is holding the housing bill hostage to clear the way for the SAVE Act, the racist GOP voter disenfranchisement bill.

No. A meltdown in private credit won't burst the market bubble. The bubble will have popped long before that happens. Why pundits are reading the signals in reverse order.

A century of alliance-building between the U.S. and Saudi Arabia collapsed in three months. The Gulf States are now negotiating directly with Iran. Trump managed to unravel what survived the Great Depression, two world wars, and OPEC. Watch the full video: youtu.be/u1yTWUNCkhU

@edzitron.com leaked OpenAI's financials and they're catastrophic: $20 billion lost on $13b revenue in 2025. They spent three times more to lose twice as much. No economies of scale, falling behind Anthropic, and their model guarantees future losses. Watch the full video: youtu.be/beGjScitbkk

@abdulelsayed.bsky.social is running for Michigan's Senate seat with clear demands: get money out of politics, put money in your pocket, pass Medicare for All. Two-thirds of Michiganders skip healthcare due to costs. El-Sayed wants to tax billionaires 7-8% and expand Medicare. #ProgressiveSpotlight

Greenspan made it a century. SpaceX is imploding. A fascist is taking over Colombia. A repo man is coming for your car. Housing starts nosedived. Left-wing trolls out-trolling right-wing trolls. Emma Vigeland crying is all of us. UNFTR's OTR for 6-23-26. Watch the full video: youtu.be/beGjScitbkk

Our new PROGRESSIVE TRIVIA feature is live on the website! Hundreds of questions randomly mixed to test your lefty bona fides! Give it a shot and share your results. Let us know if you enjoy it! Huge shoutout to producer extraordinaire 99 who made this happen!

El Maestro es muerte. An examination of Greenspan's influence. @emmavigeland.bsky.social is every progressive New Yorker right now. Chef's kiss to @waltermasterson.bsky.social trolling Nick Shirley. SpaceX tanking. @edzitron.com keeps nailing it. Housing market crushed. On the Record for June 23

In three months, Trump didn't just lose a war: he reshuffled the Middle East. Iran and its proxies triumphant. Israel increasingly isolated. And the U.S. alliance structure, fundamentally altered. 🎧 Listen to the latest episode of #UNFTR: We Lost More Than This War.

Secondary offerings are flooding the market, bond yields are competing with equities, and fiscally conservative voices are saying these are 1999 vibes. AI has no business model. Just naked emperors all around. Watch the full video: youtu.be/Nk7SLBAALHw

We lost more than the war with Iran. Trump fundamentally altered longstanding geopolitical alliances and the balance of power in the Gulf. He might have sealed Israel's fate in the long run and given Iran the tools to become the most significant player in the region. Ah, the art of the deal.

@franifio.bsky.social called Jared + Ivanka's Albanian island scheme a Gaza test run before it happened. The corrupt government changed its laws, waived taxes, and funded the infrastructure. The people of Albania called bullshit. Franny called it first. Watch the full video: youtu.be/Nk7SLBAALHw

The "number go up" era on Wall Street may finally be getting complicated. IPOs, secondary offerings, and bond yields are all shifting the supply and demand math that's driven markets since Reagan. Grab some popcorn. Watch the full video: youtu.be/Nk7SLBAALHw

Happy 250th, America. We lost another war, there's a cage match on the White House lawn, Elon's a trillionaire. Midterm maps, bold predictions, supply and demand getting weird, the American left's problem, AI is theft, and solar winning. OTR for 6-16-26. Watch the full video: youtu.be/Nk7SLBAALHw

Zohran and Jalen showing the world the individual can shine in a collective. Heading to a 50/50 senate split in Nov. The UFC fight was super classy. Good look for us. @franifio.bsky.social take on Ivanka & Jared for the KLTW. Will stocks stay high with more supply? On the Record for June 16. ✌️

Trump broke the global economy, but the U.S. hasn't felt it yet. The resilience paradox is real, the damage is baked in, and there's no policy fix coming. We break it all down. 🎧 Listen to the latest episode of #UNFTR: Demand Destruction and the “Resilience Paradox.”

Mr. Magoo ends war in Iran and forgets to consult Iran. Same old, same old. Here's what the markets and media are missing. The damage is done. What we don't yet know is the extent of it. Demand destruction is occurring across the globe and already landing on our doorstep.

A $1.77T valuation for a company that loses billions, admits its revenue streams are illegal, unethical, or nonexistent. The SpaceX IPO might be the biggest fraud in public market history. 🎧 Listen to the latest episode of #UNFTR: The SpaceX IPO Fraud.

When we started UNFTR we put one person in our crosshairs. As a socioeconomics outlet, Milton Friedman was an obvious nemesis for us as we're living in the world he created. But not the one he designed. It's complicated. Anyway, each year on June 10 we celebrate #FMF Fuck Milton Friedman Day.

The SpaceX IPO prospectus might be the biggest fraud in public markets history. A $1.77T valuation for a company that loses billions yearly, with revenue streams that are illegal, unethical, or nonexistent. Your 401(k) is already on the hook, and that's before it gets worse.

The CNBC reporting on the jobs data put me over the top today. So I put this together to show how biased the financial media pundits are and how much they despise the working class. Not only do they get EVERYTHING wrong, they unload on lazy Americans for not working hard enough. Unreal.

In this #UNFTR Highlight we look at the AI capital black hole—three companies with a combined $3 trillion in prospective market cap preparing to go public while public R&D budgets get gutted and the rest of the economy gets starved of investment.

Manufacturing numbers look good on paper, 5 straight months of expansion. The price index is a clear outlier. Most likely, companies are front-loading inventory to beat tariff-driven price hikes than anything resembling real growth. We've seen this before. Watch the full video: youtu.be/PYJCb2sU72E