Democracy Not Plutocracy 🌊 🌊 🌊

Writer, editor, digital media. For the common good. Opinions my own.

[Democracy Not Plutocracy 🌊 🌊 🌊 @ForwardLeaning]

For most of my life, I knew very little about Russia.i was a college student during the fall of The Wall and we celebrated the belief that Democracy had come for Russia. But we were wrong. Brutal capitalism came instead. 1/2 https://t.co/RAoHPCu4yH

[THE BLACK SHEEP @TheBlackSheep84]

The FBI wants to spend 36 million dollars to track every car in America.
The cameras already exist. They just need a login.
No warrant. Near real time. The entire country in six regions.
In March, FBI Director Kash Patel admitted under oath the agency is buying data on Americans.
This isn’t building a surveillance state. It’s buying the keys to one.

[Bull Theory @BullTheoryio]

🚨Michael Burry just said Elon Musk and Nvidia's deal is built on fake numbers.

Burry published a detailed breakdown calling the entire structure "Fugazi", his word for fake.

He is alleging that billions of dollars in Nvidia chips are being hidden off balance sheets, and that American retirees are unknowingly funding the whole thing.

Nvidia, the world's largest AI chip company sold $5.4 billion worth of its most advanced GPUs, the GB200, to a company called Valor.

Valor is not a real operating business. It is a special purpose vehicle, a shell company created specifically to hold these chips and nothing else. Nvidia also invested $1.9 billion of its own money directly into Valor on top of the sale.

Those 100,000+ chips are now physically inside xAI's data center. xAI is Elon Musk's artificial intelligence company, the one that builds Grok. xAI is using every single one of those chips right now to run its AI models.

But here is what Burry is flagging.

Neither Nvidia nor xAI owns those chips on paper. Valor, the shell company holds legal title. That means $5.4 billion in GPU assets do not show up on Nvidia's balance sheet as inventory.

They do not show up on xAI's balance sheet as assets. They are legally invisible to both companies.

Nvidia gets to book the $5.4 billion as a completed sale and record it as revenue. xAI gets full use of the chips without owning them. And the risk disappears into a shell company in the middle.

Now here is where American retirees enter the picture.

Valor needed $3.5 billion in debt to fund this structure. Apollo provided it. Apollo is one of the largest asset managers on earth with $1.03 trillion under management and $834 billion specifically in private credit.

Apollo raised the $3.5 billion, packaged it into debt securities, and sold those securities to Athene.

Athene is Apollo's own insurance company. It sells fixed and indexed annuities, retirement savings products, to ordinary Americans.

When a retiree buys an Athene annuity, they believe their money is sitting in safe, stable investments. That money is now inside a structure funding Elon Musk's AI data center.

The numbers inside Athene are most alarming.

Athene holds $74.2 billion in reserves. It has moved $217 billion in assets into a captive insurer based in Bermuda, meaning those assets sit outside normal US insurance regulation and oversight.

Of the entire portfolio, 34.7%, equal to $103 billion, is classified as Level 3 assets.

Level 3 is an accounting classification that means there is no observable market price for these assets. No outside party can independently verify what they are actually worth.

The leverage sitting on top of those unpriced assets is 16 times.

Burry's says:
Every step of this structure is technically legal and publicly disclosed. But the entire thing was deliberately engineered across 8 to 12 steps to move credit risk off balance sheets and away from any market pricing.

- Nvidia books the revenue.
- Apollo collects the fees.
- xAI gets the computing power.
- And retirees sitting at the bottom of a 16x leveraged Bermuda insurance structure, holding $103 billion in assets with no market price carry the risk without knowing it exists.

[Democracy Not Plutocracy 🌊 🌊 🌊 @ForwardLeaning]

Exactly 👇🏼

[Rachel Bitecofer 🗽🦆 @RachelBitecofer]

He really needs his bunker for when he refuses to leave office in 2029.

[Democracy Not Plutocracy 🌊 🌊 🌊 @ForwardLeaning]

Trump is dying. The most annual physicals in one year of any US president ever.

[Rick Wilson @TheRickWilson]

Trump is Dying.

https://t.co/iIiBNHqjtj

[Rick Wilson @TheRickWilson]

Trump is Dying.

https://t.co/iIiBNHqjtj

[Dave Troy @davetroy]

📄 NEW: “Diary of a CEO” is now the #2 podcast on Spotify, but our investigation reveals a web of undisclosed conflicts of interest, questionable health claims, conspiracy content, and interlocking investments backed by Peter Thiel and his allies.
https://t.co/q82LrDx3gO

[Sky News @SkyNews]

BREAKING: Nigel Farage is facing an investigation by the Parliamentary Standards Commissioner for not declaring £5 million gift from British crypto billionaire Christopher Harborne

Sky's @SamCoatesSky reports

https://t.co/PAiZ4D1jU3

📺 Sky 501, Virgin 602, Freeview 233

[Rick Wilson @TheRickWilson]

Sure.

This will be airing during Donald Trump‘s golf tournament this weekend. On the golf channel. At his club.

[Neil Stone @DrNeilStone]

OH MY GOD A COMPANY WAS TRYING TO MAKE A VACCINE FOR A DEADLY VIRUS WE'VE KNOWN ABOUT FOR 40 YEARS

MUST BE A CONSPIRACY

[Justice Democrats @justicedems]

Everyone needs to watch @Justinjpearson's floor speech from the TN State House.

"Today, you will take the only Black-majority district from us. But I want you to know: No matter what you do, no matter how much you try to break us & make us bend & quit — we will still be here."

[The Tennessee Holler @TheTNHoller]

WATCH: “I’m proud of you. I love you.”

Rep. @Justinjpearson embraces his brother @keshaunpearson as Troopers arrest him for refusing to leave the balcony in a show of nonviolent resistance after Speaker Sexton cleared it

[Boston Smalls @smalls2672]

Where is @libsoftiktok

[Mary Pat Flynn @MaryPatFlynn1]

@MacFarlaneNews @skswash Defendants in this lawsuit are President Donald J. Trump, Donald J. Trump for President, Inc., and Make America Great Again PAC

Discovery would highlight all their CAMPAIGN crimes

There’s a reason I filed MAKE AMERICA GREAT AGAIN®️ cancellation @uspto BEFORE the 2016 election…

[Sister Denby 🇨🇦💜🇺🇦 @DenbySister]

@dianesbaker1 👇It's official....

[Judd Legum @JuddLegum]

1. Peter Thiel is pouring millions into a dystopian new start-up that seeks to discredit journalists reporting on wealthy people with a combination of retired intelligence operatives and a "jury" of AI models

The company is even trying to pressure reporters to turn over the IDs of anonymous sources

[capitolhunters @capitolhunters]

If WaPo is going to print a glowing story on a weather-modification company, it would be useful to mention that the head of that company is a Peter Thiel funded college dropout who brags about how "our guys" from "Thiel's camp" are taking over the government. 1/

[Amber Woods @AmberWoods100]

While everyone is repeating “build the ballroom,” in a robotic chorus, I did something else.

I looked at who is funding it.

Then I cross-referenced those names with the Epstein files.

The story got a lot bigger than a ballroom.

[MeidasTouch @MeidasTouch]

NEWS: MeidasTouch host and legal analyst Katie Phang has filed a federal lawsuit against the U.S. Department of Justice, accusing it of “brazen” violations of the Epstein Files Transparency Act.

The suit says the DOJ missed deadlines, over-redacted documents, and withheld key records tied to Jeffrey Epstein—including references to Donald Trump.

Phang is asking the court to order full disclosure, remove unlawful redactions, and appoint a special master to oversee compliance—arguing the DOJ’s actions undermine transparency and the public’s right to know.

[Marc E. Elias @marceelias]

This is a new low in the use of the shadow docket. The Court blocked a lower court ruling on the so called "interim docket" (as conservatives call it). Then, quietly issued a final judgement without allowing us to even brief the merits appeal. https://t.co/8rASY3opEl

[BigDaddy @strujillo075]

A formal disbarment complaint was filed against Chief Justice John Roberts at the DC Bar on April 22, 2026, alleging a pattern of financial disclosure violations spanning two decades. At the center of the complaint is the documented commission income earned by Jane Sullivan Roberts while working as a legal recruiter at Major, Lindsey & Africa between 2007 and 2014. According to internal records released by whistleblower Kendal Price, she earned $10.3 million in commissions from elite law firms during that period, some of which argued cases before the Supreme Court in the same years.