Portfolio Review & Warsh's First FED Meeting (6/17/2026)
Timeline
0:00 – Trump at the G7, contradictory statements on Iran, oil futures charts
2:05 – Oil prices: the war's role in pushing oil from $60 to $110, then back to $75
5:01 – VIX update: down to 29, expected to bounce back toward 80
7:32 – EIA weekly inventory report breakdown
9:54 – U.S. oil reserves running low; ~6 years of pumpable oil left at current pace
11:12 – Venezuela's reserves and the strategic logic behind U.S. involvement there
12:19 – World oil reserves comparison by country
15:40 – Global total: ~40 years of oil left worldwide; ~8 years for the U.S. specifically
20:24 – Intro to AI bubble comparison (referencing Basho's article)
21:00 – 2008 mortgage crisis mechanics (repackaged mortgages, fake valuations)
22:41 – Dot-com bubble (2000) comparison
25:22 – AI bubble combining elements of both prior bubbles
26:33 – Google's free AI search
28:01 – Elon Musk's space-based data center claims, deep-dive begins
29:47 – AI-generated analysis: timeline skepticism, satellite-swarm concept
35:01 – Thermal radiation/cooling problems in vacuum
41:37 – Moon-based data centers and rail-gun launch concept
45:29 – Verdict: space data centers will complement, not replace, Earth-based ones
54:45 – SpaceX IPO and its role in the current market rally
55:14 – Lead-in to Fed announcement
59:07 – Fed statement: hawkish hold, removed dovish language
1:03:35 – Fed projection materials (dot plot, inflation revisions)
1:05:57 – U.S. debt load and rising interest expense
1:09:51 – Wealth concentration
1:11:47 – Multiple homes, restaurant food waste, excess clothes/cars, private jets, and feudalism analogy
1:26:13 – Transition back to today's podcast/post
1:27:50 – "SpaceX hits $3 trillion as housing collapses" post
1:28:15 – Housing market collapse details
1:33:39 – Money Talk Portfolio review (up ~14–15% in two weeks)
1:40:27 – $700/Month Portfolio review
1:42:36 – AI "round table" research process
1:52:54 – Georgia data center turbine dispute and closing remarks
Transcript
Trump at the G7 and the Iran Situation
I'm worried about a senile old man giving a microphone away.
