ROUND AND ROUND IT GOES: Who’s paying whom? The circular money machine behind the AI boom (or bubble).

A chip supplier invests in a customer such as a data center builder, the customer spends the money on the supplier’s chips, and both companies report growth.

One central bank analysis found that 55.2% of investments in AI firms came from other AI firms.

What’s not clear to investors or the market is how much of this AI boom is being driven by real, end-user demand—and how much might be a bubble.

Take Nvidia. The world’s leading chipmaker is investing in ChatGPT owner OpenAI to support data centers filled with Nvidia chips.

Nvidia will invest US$30 billion in a private funding round for OpenAI and provide a guarantee of up to US$105 billion for an OpenAI data center in Ohio. It will also invest in the company building it.

That helps OpenAI remain Nvidia’s best customer, but it also raises the question: Is the chipmaker propping up the market?

I read a couple of extremely sharp business analysts who believe we might not be in a bubble, and others just waiting for it to pop — so I have no idea. But I do know it’s probably not a good idea to get so deep into bed with OpenAI’s Sam Altman.

MORE FROM DATA REPUBLICAN:

🚨🚨THE DEMOCRACY FILES, PART 1: THE PLAN 🚨

I am working on gathering all the documents.

Now, here's something to understand about the "democracy" and protest ecosystem: almost nobody knows the 'grand plan' so to speak. They simply agree to play a role.

For example, 99% of… pic.twitter.com/4YloQIYYzB

— DataRepublican (small r) (@DataRepublican) October 19, 2026

Post continues:

For example, 99% of people breaking stuff on the streets believe they’re doing it out of an organic uprising. They don’t see that the police have been ordered to stand down. They don’t see that legal services have already been arranged for them. They don’t see that foundations are paying for their bonds.

Similarly here, governors aren’t participating in a pact to destroy the Constitution. Governors simply have agreed to push back on the Insurrection Act. The effect is the same: the governors end up playing a role in a grander plan.

I call this “shared epistemology” in my book Unelected. Motivations differ, people rarely agree to the big evil supervillain framing, but incentives all converge in the same end goal.

No Kings might not agree to explicitly tear down the Constitution, but they nonetheless work with DSA and will turn out millions of people if the right phone call is put in.

Here is one articulation of the plan – and crucially, since then, they have put many NGOs in their places to execute their proper role at all levels when the time is right.

Many more coming.

Buckle up.

AMERICA 250: Battle of Pelham, A Revolutionary ‘Loss’ That Saved Washington’s Army.

CORN, POPPED:

It’s official: The Senate now has access to Claude, with the Sergeant at Arms notifying staff today while touting the technology’s ability to assist with “drafting and editing” docs, summarizing meetings and doing “deep data analysis”

— Cristiano Lima-Strong (@viaCristiano) October 19, 2026

SHUT UP, THEY EXPLAINED: Rutgers student sues school over arrest for hanging ‘anti-Hamas fliers.’ “Maravelias’ complaint alleges Rutgers Law administrators ‘disfavored’ his political views and ‘perceiv[ed] him as Jewish’ (he’s not), and notes Rutgers is ‘home to the controversial Center for Security, Race and Rights,’ headed by Law Professor Sahar Aziz, whom Maravelias accuses of ‘ripping [down] his fliers from a bulletin board.'”

RABBI MICHAEL BARCLAY: War Has Many Faces. “The DSA (Democratic Socialists of America), having lost their court battle to force the U.S. to withdraw support from Israel, have now created an entirely new battleground: JFK Airport. They are trying to pressure workers on the tarmac and at the airport to stop loading any goods to Israel. This would include passenger luggage, as well as any cargo such as computer or technical equipment, weapons being shipped by the U.S. government that have been bought by Israel, etc. These are the same people who put Zohran Mamdani and others in office; are seeking to make Abdul El-Sayed a senator, God forbid; and are the wing of the Democratic Party that Nithya Raman claims in her quest to become the mayor of Los Angeles, and in all cases, one of their foundation stones is antisemitism and a hatred for Israel and Jews.”

REALLY LETTING HER THUG FLAG FLY: Nixon defends call to put opponent Moody in jail.

WHEN IT’S CONVENIENT TO THE PARTY’S INTERESTS. NEXT QUESTION? When Does Religious Belief Become Hate Speech in California?

YES:

In every millennial couple I know, the men do a lot of the cooking—often most of it. Outdated relationship narratives that still get used to shame men need to go! It just isn’t how it is anymore. https://t.co/yqZJPvGtA0

— Lisa Britton (@LisaBritton) October 19, 2026

GenX here, but Melissa does almost all of the indoor cooking, and I do all of the grilling and smoking — which when the weather is nice, is often.

THE JONES ACT SHOULD HAVE BEEN REPEALED DECADES AGO: Trump’s War With Iran Pushed Him To Waive a Century-Old Shipping Law. Commerce Boomed. “America is one of the world’s leading producers and exporters of propane, but the lack of Jones Act–compliant ships capable of carrying gas means that it has been nearly impossible to ship propane from the mainland to outlying parts of the country. In the past, Puerto Rico has imported gas from Nigeria, Chile, and elsewhere because those deliveries don’t have to comply with the Jones Act.”

ALL THE VERY BEST PEOPLE HAD ASSURED ME…:

Islamists are now threatening to burn down the Notre Dame Cathedral in Paris if the Parisian prison system doesn’t release their terrorist friend. pic.twitter.com/I5UptnjFtm

— Marina Medvin 🇺🇸 (@MarinaMedvin) October 19, 2026

…the protest were just about better teacher pay and stuff.

FRANCE IS FALLING: Government Buildings Torched As French Riots Reach the ‘Point of No Return.’

SPOILER: HE WON’T ANSWER THE QUESTION:

Just answer the question, lil guy https://t.co/o9Xa527zsA

— 👻The🐰FOO🎃 (@PolitiBunny) October 18, 2026

Which is all the answer you need, really.

MIDDLE EAST: Trump Gives Netanyahu ‘Complete and Total Endorsement’ Nine Days Before Israeli Election.

THERE’S NO MENTION OF HEALTH CARE OR INSURANCE IN THE CONSTITUTION:

That’s not enough. We should cut more. People should pay for their own healthcare. And the government should get out of the healthcare business so we don’t have the Obamacare system that is absolutely screwed up – just as we warned it would be. https://t.co/NuzQEIi3tp

— Kurt Schlichter (@KurtSchlichter) October 18, 2026

Also, health spending eventually crowds out spending on things the government is actually supposed to do — which is happening already.

It happens at the expense of the young, too.

KRUISER’S MORNING BRIEFING: The Burqafication of France Is Nearly Complete. “Trouble sure does seem to follow large concentrations of Muslim migrants, doesn’t it? Or — just spitballing here — they bring the trouble with them and simply don’t unpack it all right away. Kind of a ‘sleeper’ approach to chaos, if you will.”

MUH DEMOCRACY™ II:

Slotkin has, in many ways, done us a favor. She has revealed the ultimate purpose of lawfare, which is to override the will of voters.

This is no longer about Trump, if it ever was. The simple truth is that the left has built a long-term system to subvert election results and… https://t.co/bNsk3UyVnn

— Hans Mahncke (@HansMahncke) October 19, 2026

QUESTION ASKED AND ANSWERED: ‘Why Is Everyone Investing in Texas?’

“Texas has been one of the biggest winners of the blue state exodus, and now it’s pushing to become a real financial powerhouse.”

“If Texas were its own country, its economy would be the eighth largest in the world. Bigger than Russia, bigger than Canada, bigger than Italy. That’s the state’s preliminary 2025 GDP, $2.9 trillion, measured against every other nation on Earth.”

“Goldman Sachs is building an 800,000 square foot campus in Dallas. When it opens, more than 5,000 people will work there. It’ll be the firm’s second largest office in the United States. Goldman isn’t moving its headquarters, but between 2015 and 2024, 314 companies did. Nearly half of them, 154, went to Dallas Fort Worth. By 2026, Texas had 57 Fortune 500 headquarters, more than any other state, with about $2.8 trillion in combined annual revenue.”

Profit is helluva motive.

MUH DEMOCRACY™:

🚨Heads Up, Virginia: AG Jay Jones’ 10-page election directive is the DataRepublican blueprint in real time@DataRepublican laid it out: coordinated clashes with the federal government to delegitimize it and hand legitimacy to Democratic state officials — specifically governors… pic.twitter.com/hxZ3Q3wwIZ

— ((( Charlottesville ))) (@CvilleBubble) October 19, 2026

DataRepublican laid it out: coordinated clashes with the federal government to delegitimize it and hand legitimacy to Democratic state officials — specifically governors & AGs.

‼️Virginia’s AG just ordered election officials to:

• Deny ordinary DOJ monitors access to polls
• Tell federal agents to leave and call local police
• Document badges, weapons, vehicles & movements
• Challenge federal subpoenas
• While eliminating Election Day voter eligibility challenges

❌No specific unlawful federal operation identified—just preemptive resistance that sets up the “red line” showdown and shifts authority to the state and transfers legitimacy and control to Democratic state officials — in Virginia’s case, leftwing extremists Governor Abigail Spanberger and Attorney General Jay Jones.

❌This is an operational plan, not theory.

❌The conditions for escalation are being set in advance.

🇺🇸SHARE with your friends. VOTE REPUBLICAN.

And here’s the link to that Virginia election bulletin.

OPERATIONS ECONOMIC OUTCAST: U.S. Targets A7 Network Over Alleged Role in Iran Sanctions Evasion.

EVERYTHING IS GOING SWIMMINGLY (RUSSO-UKRAINE WAR EDITION): Blaze at St. Petersburg oil sites as Kyiv launches more than 1,000 drones at Russia. “One person was killed, and five more were wounded in the attack, which sparked fires at both the Petersburg Oil Terminal and the city’s Ruchi oil depot, said local Gov. Alexander Beglov. A logistics center belonging to Russian retailer Ozon and a data center for local tech giant VK were also targeted, both companies confirmed.”

DISPATCHES FROM FARANSĀ:

Confused tourists arrive in Paris

🇫🇷 pic.twitter.com/2HtUkL7Dun

— Visegrád 24 (@visegrad24) October 18, 2026

REPORT: Marseille Rioters Burned Jewish-Owned Shops, Left Muslim-Owned Ones Untouched.

NOW WILL THE FRENCH GET SERIOUS?

BREAKING:

The looters in Marseille have started targeting private homes villas in affluent areas.

They are breaking into large villas in the 7th arrondissement of Marseille. pic.twitter.com/Mz7So7JTUb

— Visegrád 24 (@visegrad24) October 18, 2026

ANYTHING FOR POWER:

Of course, this starts by declaring all political opposition "crooks" https://t.co/iPvrDbvDEt

— Dan McLaughlin (@baseballcrank) October 17, 2026