U.S. Government Contracting Officer (retired 2017) lived in Europe for 18 years (Germany & Italy & Iceland). US Navy Veteran served 3 years on Aircraft Carrier.
37 years ago today, the Chinese government brutally crushed peaceful protesters in and around Tiananmen Square who were demanding an end to corruption, freedom of speech, and democratic reform. The massacre revealed a truth the world should never forget: the Chinese Communist Party will do whatever it takes to preserve its grip on power. If it did not value the lives of its own citizens, why would it value the lives of others?
BREAKING: The Trump administration is putting every state on notice in a massive crackdown on Medicaid fraud.
FTC Chairman Andrew Ferguson just announced that Hawaii has been officially decertified for failing to enforce the law and address the fraud problem plaguing the state.
"Everyone is on notice. And today, Hawaii is being decertified for its abject failure to enforce state and federal law to prohibit fraud."
🔥Ukrainian soldiers take air control of Donetsk airport
The occupiers have turned the Donetsk airport into a military-logistics hub and a key launch site for Shahed strike UAVs
37 years ago, the Chinese Communist Party massacred their own citizens at Tiananmen Square.
The Chinese victims who escaped to America raised champions.
🚨 NOW: Scott Bessent just MIC DROPPED an enraged Rep. Boyle (D)
BOYLE: The people 3 to 1 disapprove of this president!
BESSENT: The Democratic House's 17% APPROVAL RATING, are they right or wrong? 🔥
BOYLE: Consumer sentiment is the LOWEST ever
BESSENT: Two thirds of those respondents are DEMOCRATS, you're citing the University of Michigan, the Democrats who listen to this kind of TWADDLE. They vote in the single digits, teens for Republicans.
BOYLE: I don't even know what you're saying
BESSENT: You don't know what YOU'RE saying!
BOYLE: I'm citing the facts!
BESSENT: I am citing DATA.
DEMS ARE AN UTTER CLOWN SHOW
All hell has broken loose at Putin's Economic Forum after Steven Seagal has reportedly eaten several members of the Chinese delegation.
Here, hurriedly waddling from the scene of the crime.
@sseagalofficial
🚨 BREAKING: U.S. authorities intercepted a sinking boat carrying 240 Haitian migrants attempting to illegally enter the United States.
The Coast Guard rescued them from the water, then sent every single one back. Zero invaders entered. Borders held. 🇺🇸
Goodbye to England. Many of the 73,000 US troops who will see action on D-Day, just 48 hours away, are now being ferried to troopships. Photo by the great Robert Capa. @WWIIMemorial
Silver is up more than $1 today, but the real story isn’t today’s move. Wealth is built by accumulating real assets before the crowd shows up. While others chase headlines, stackers focus on ounces. Tight supply, growing industrial demand, and years of deficits continue to support the long-term case for silver.
Patricia Silver Stacker
Legalfockeryuniversity
https://t.co/vZqVPyu7GM
#SilverStacker #SoundMoney #Silver #PreciousMetals #WealthPreservation
"Don’t diversify across commodities; instead, concentrate wealth in monetary metals," advises Francis Hunt. He sees #Gold, #Silver, and #Platinum as the true winners. @themarketsniper
https://t.co/RxayDrIkwL
NVIDIA IS BUYING ITS OWN CHIPS AND CALLING IT REVENUE
And your retirement account is secretly holding the bag.
This scheme is literally straight out of the Enron playbook...
In January 2026, a special purpose vehicle called Valor Compute Infrastructure was created with one purpose:
Buy Nvidia's chips so Nvidia could book the sale as revenue.
Valor raised $5.4 billion and purchased over 100,000 of Nvidia's GB200 GPUs.
But $1.9 billion of that money came FROM Nvidia itself.
Nvidia invested $1.9 billion into the shell company, then sold that same shell company $5.4 billion worth of its own chips and booked every dollar as revenue.
It's the Girl Scout whose dad bought all the cookies and then she wins the sales contest because Dad was the customer. Except this Girl Scout is a trillion-dollar company and the cookie sale is $5.4 billion.
But it gets MUCH worse:
The remaining $3.5 billion in financing came from Apollo Global Management. Apollo structured the debt, packaged it into securities, and then sold those securities to Athene.
And guess who Athene is? Apollo's OWN insurance subsidiary. The one that sells fixed annuities to American retirees as safe, conservative retirement products.
Follow the chain:
Nvidia funds a shell company with $1.9 billion. The shell company buys $5.4 billion in Nvidia chips. Apollo finances the remaining $3.5 billion. Apollo sells the debt to its own insurance arm. That insurance arm packages it into annuity products and sells them to retirees who think they're buying something safe.
The retirees have no idea that their retirement savings are now backed by 100,000 computer chips sitting in some data center that will be worth pennies on the dollar in three years.
Now look at what's happening inside Athene:
$74.2 billion in US reserves but $217 billion in assets have been shifted to a Bermuda-based captive insurer, outside normal US regulatory oversight.
$103 billion of that portfolio (roughly 35%) is classified as Level 3 assets. That means there is no observable market price.
These assets are valued by internal models, not by actual markets.
And sitting on top of all those unpriced assets? 16.6x leverage.
If you're getting flashbacks to 2008, you should be.
Back then it was mortgages bundled into securities that nobody understood, sold to investors who had no idea what they were holding, rated as safe by agencies that never looked under the hood.
Today it's GPU-backed securities. Computer chips bundled into structured credit instruments, routed through an offshore insurance subsidiary, and sold to you as a retirement product.
The collateral is 100,000 GPUs leased to a single customer through an xAI subsidiary. If xAI stops making lease payments for any reason - financial distress, a pivot in strategy, anything - the entire structure unravels.
And Nvidia releases new architectures every year, so each generation delivers dramatically more compute per watt. A 5 year lease on technology that's obsolete in 2 years creates a mismatch that should terrify every annuity holder in America.
Every single step in this chain is technically legal. The SPV is legal, the lease is legal, Nvidia's equity stake is legal, the securitization is legal, and the Bermuda transfer is legal.
But legality and legitimacy are not the same thing.
I've seen every trick Wall Street has ever pulled in my 45 years of doing this.
And what I'm looking at right now is a pipeline that takes AI infrastructure risk, launders it through 8 layers of financial engineering, and deposits it in the retirement accounts of Americans who never agreed to fund Elon Musk's data centers.
In 2008 it was mortgage-backed securities.
In 2026 it's GPU-backed securities.
Different asset. Same greed. With the same ending.
🚨INDIAN H-1B WORKERS LEAVING TEXAS IN DROVES—HOME PRICES PLUNGE 9%
Trump’s H-1B visa crackdown is triggering a housing bust in Dallas suburbs like Frisco, Celina, and Prosper.
New $100,000 visa fees, higher salary requirements, and state-level freezes on H-1B petitions, combined with AI-driven tech layoffs, have forced many Indian workers to leave the country within 60 days of losing their jobs.
As a result, home prices in Collin County suburbs have dropped nearly 9% year-over-year, builders are stuck with 125 unsold luxury homes, and foreclosures have risen 44%.