Flavio 🇮🇹

Finance and Politics Help Ukraine 🇺🇦

[Rekt Fencer @rektfencer]

🚨 WARNING: AI BUBBLE IS ABOUT TO BURST

Microsoft gave OpenAI $13 BILLION.

OpenAI sent it back through Azure.

Microsoft booked it as revenue.

Amazon and Google are running similar loops with Anthropic while marking up huge paper gains from AI valuations.

OpenAI is spending over $60 BILLION a year on compute while generating only $25 BILLION in revenue.

Ray Dalio has warned that late stage bubbles are driven by fake flows, not real economics.

That is exactly what this is starting to look like.

[Crypto Fergani @cryptofergani]

Plan B if Bitcoin won’t work out.

[50_sfumature_di_cattiveria @StefanoBusani]

#Pozzolo #cinepozzolo

[Italo Bocchino @Italo_Bocchino]

Travaglio e il Fatto Quotidiano hanno preso una tramvata giornalistica sulla grazia a Nicole Minetti.

[Shanaka Anslem Perera ⚡ @shanaka86]

Michael Burry is short Nvidia, 1 million shares. His case: three customers now owe it 64% of receivables, and the biggest is paying slower while buying less. The same three are building their own chips to need it less. He calls it a finger on the trigger.

[Lazy Canadian Investor @JimChuong]

There’s no legit reason to own bitcoin.

Literally none.

[Alessandro @AlessandroTCFI]

Ma vi rendete conto di che livello di prepotenza e arroganza è arrivata questa gente. Mai sentito nessuno rivolgersi così nei confronti di una procura. Berlusconi vittima di oltre 130 procedimenti a suo carico non ha mai esternato in questo modo. Sono disgustato

[George Noble @gnoble79]

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.

[Caolan @CaolanReports]

Irish politicians are avoiding questions about Aughinish. Patrick O’Donovan refuses to answer my calls. The refinery is in his constituency

He says the Russian owned plant is not connected to Russia’s war machine, without showing evidence. They want this to blow over. It won’t

[Друг человека @boris0630]

"Никто из вас ни разу не посетил Украину,при этом регулярно встречаетесь с Путиным и приглашаете его в Белый дом..."
Сенатор обвинила Марка Рубио и администрацию Трампа в поддержке России.

[Not Jerome Powell @alifarhat79]

Bitcoin Investors

[BOBOROCK CITTADINO EUROPEO @boborock55]

#Travaglio con la merda fino al collo a #ottoemezzo minaccia querela alla procura di Milano 🤣🤣🤣

[Abundantly Erica - Stock Options + Investing @womenoptionswin]

I’d like to see bitcoin go to zero.

Not to buy.

Just because it’s stupid.

[GURGAVIN @gurgavin]

GOLDMAN SACHS SAYS SPACEX CAN GROW IT’S AI REVENUE 100X IN JUST 4 YEARS TO $322 BILLION A YEAR

THE SAME GOLDMAN WHO IS LEADING THE SPACEX IPO NEXT WEEK

😂😂😂😂

$SPCX

[bubusettete @annalisabi76]

Vedere Travaglio schiumare in Tv contro la procura che gli ha dato dei buffoni, è una gioia impagabile, quasi quanto quella di veder indagato Davigo :)

[Luciano Caveri @LucianoCaveri]

Questo è il risultato di un egocentrismo di chi ha perso il controllo

[Rep. Don Bacon 🇺🇸✈️🏍️⭐️🎖️ @RepDonBacon]

🚨 The House just voted 216-204 to clear the final procedural step for the discharge petition to provide military aid to Ukraine and impose tough sanctions on Russia.

We will vote on final passage later tonight

This is our Churchill moment, and we must pass the test.

[John Jackson @hissgoescobra]

Russia and the U.S. will play a hockey game on July 1st in Moscow. This is humiliating and disgraceful. Any U.S. hockey player that attends this barbaric sportswashing of Russian genocide should be canceled and shunned for life. Let’s start exposing them.

[Peter Schiff @PeterSchiff]

When Bitcoin is back at $20,000 that's still a lot of money to pay for nothing. Don't be fooled by meaningless benchmarks. 84% off a ridiculously high price is not a bargain.

[Roberto Avila @avila92796]

@Ignazio_LaRussa

L'intellettuale comunista con il pensiero dogmatico, cioè Montanari, quando poi viene querelato frigna esercitando il vittimismo di Calimero:
"Si vuole zittire la libertà di stampa."
Spero tanto che @Ignazio_LaRussa lo quereli.