Peter Schiff

What it means to be an American https://t.co/Y2s6CpNUcK

Happy 250th, America. The Air Force is up early doing flyovers as the tall ships keep sailing in below. It's quite a show. Hopefully last night's storm doesn't return. https://t.co/BNeOAC6L0X

@saylordocs Of course. He runs a bitcoin hedge fund.

We're getting ready for the Fourth anchored in NY Harbor. It's a hot one. Just like it was 250 years ago in Philadelphia. Tomorrow should be an amazing display of tall ships and fireworks. https://t.co/vSLCi21w8u Just got hit by a crazy storm. https://t.co/oW1Qw1TUYl

They Don't Want You to Hear This on Independence Day https://t.co/B5bdQZqPT0

New episode! They Don't Want You to Hear This on Independence Day https://t.co/26YYDMnisE https://t.co/26YYDMnisE

Trump promised to end the Russia-Ukraine war as soon as he took office, yet it's still raging with no end in sight. Trump promised not to start any new wars, yet he started one with Iran. Given that he also broke his economic promises, why is Trump still so popular with his base?

The 6K manufacturing jobs gain originally reported for May was revised to a loss of 2K jobs. June's 3K gain means that a total of 73K manufacturing jobs were lost since Trump took office for the second time. Trump's tariffs have done nothing to bring back lost manufacturing jobs.

Full-time employment in June collapsed by 514K, to the lowest level since 2024, bringing total full-time job losses to 2.239 million since Trump took office for the second time. This massive job loss, together with rising consumer prices, is why Trump's popularity is so low!

The Govt. claims just 57K jobs were created in June, well below the 115K expected. May's jobs were revised down from 172K to 129K. The unemployment rate slipped to 4.2% as over 700K people left the labor force, sending the participation rate to 61.5%, the lowest since March 2021.

@Vivek4real_ But what if Bitcoin falls sharply. Then how many years do you have?

When asked about the $2.2B he personally raked in last year while President, Trump replied, “Everybody is profiting.” Trump made $1.4B in crypto alone, but most of the people who bought tokens or meme coins he sold lost money. Maybe he meant everybody named Trump is profiting.

https://t.co/9jJnNTtZHT

Bitcoin has support at $58,000. I doubt it will hold. Once it gives way, Bitcoin could collapse below $50,000, testing the August 2024 low. If that support fails too, the next level is around $20,000. Strategy will have to sell a lot more Bitcoin to maintain its dollar reserve.

Why do Bitcoiners think $20K Bitcoin is so unlikely when it traded below that level just 3.5 years ago? That’s not a long time. It’s not unusual for stocks to make 3.5-year lows, so why wouldn’t Bitcoin do the same thing, especially given that it’s more volatile than most stocks?

The current yield on $STRC is 15%. That means to get the price back up to $100, Strategy must raise the dividend rate from 12% to 15%. That will increase its cash burn, forcing $MSTR to sell more Bitcoin sooner to maintain the new minimum U.S. dollar balance in its cash reserve.

Four years ago today Euro Pacific Bank was put into receivership, not because it served the interests of customers, but the public relations goals of the corrupt IRS agents and Puerto Rico banking regulators who shut the bank down. See the evidence here. https://t.co/g5n3gQmXPy

Since Oct. 2025, Strategy spent almost $17B buying Bitcoin. Yet despite that support, the price fell by 53%. If Bitcoin was that weak with Strategy buying $17B, imagine how much weaker it will be with Strategy selling $3.25B, plus more to maintain its minimum U.S. dollar reserve.

Gold is back below $4K again. The Japanese yen is also hitting a new 40-year low against the dollar this evening, which is likely weighing on gold. But yen sellers are jumping from the frying pan into the fire by buying dollars. A much better move would be buying gold instead.

If @Saylor crushed Bitcoin when he announced the sale of just 32 Bitcoin, imagine the impact of today's announcement authorizing $MSTR to sell $3.25B worth of Bitcoin. At $60K, that's over 54,000 Bitcoin. Of course, as Bitcoin falls, more must be sold to raise that dollar amount.

$MSTR is now a Bitcoin seller. Under its just-announced “Bitcoin Monetization Program” it may sell Bitcoin for three purposes: to raise up to $1.25B to fund its USD reserve, to pay preferred dividends & debt interest, and to fund $1B of preferred and $1B of common stock buybacks.

In a recent interview @Saylor described the digital credit instruments $MSTR creates as being equivalent to “a bank account with no stress and no volatility that pays 10%.” That's materially false and misleading. Last week $STRC fell by 18% and traded as low as 28.75% below par.

MSTR trading at mNAV doesn't mean everything is OK. The current market cap of $MSTR is $30B, while the current value of its Bitcoin is $50B. Until MSTR’s market cap rises above the value of its Bitcoin, any Bitcoin bought by issuing MSTR shares creates a negative Bitcoin yield.

Jeff Gundlach warned that the U.S. Govt. may lower coupons and extend maturities on its debt to avoid default or inflation. I've warned about this for over a decade. So you go to sleep owning a 2-year T-note with a 4% coupon and wake up owning a 30-year T-bond with a 1% coupon.

@thesamuelblue It's not ridiculous. It's good advice. I'm in that business.

I just listened to an interview with Jeff Gundlach, where he recommended that U.S. stock market investors put 100% of their portfolios into foreign stocks without hedging currency risk. I agree. The "Sell America" trade is still early.

@TrendingBitcoin So what does that tokenization have do to with Bitcoin? If anything tokenized something will compete with Bitcoin, which is tokenized nothing.

The Republican Party was once dominated by liberal Republicans, known as Rockefeller Republicans. Conservative Republicans, known as Goldwater Republicans, were a minority until Reagan led a successful conservative revolution. @JDVance wants to return the party to the Nixon era.

MSTR has a market cap of $29.54 billion, yet owns just over $50 billion worth of Bitcoin. Not only does MSTR have an unrealized loss of nearly $14 billion on the Bitcoin it bought, but the market value of $MSTR stock is worth less than half of the money @Saylor spent to buy it!

Gavin Newsom is right that living standards have fallen for younger Americans. But his solution — a wealth tax, higher income and estate taxes, and nationalized stakes in AI companies — would make the problem worse. Living standards rise through productivity growth, which requires capital investment. Newsom’s plan would destroy capital and undermine the growth needed to help the very people he claims to champion. The problem isn’t that taxes are too low; it’s that government spending is too high. We don’t need higher taxes. We need to repeal the income and estate taxes, slash government spending, and return resources to the private sector whe…