Yesterday I drove to Columbus to testify before Ohio’s Joint Data Center Committee thinking it was a serious effort to protect Ohio communities.
Today I found out several of the members have conflicts of interest.
Ohioans are being told this committee exists to provide oversight and protect citizens from the impacts of massive data center development. But look at who is sitting on the committee.
One co-chair owns and manages oil and gas companies, well services, and businesses connected to energy infrastructure.
Another co-chair runs an industrial contracting company that could potentially benefit from large-scale infrastructure projects.
Another member leads a commercial and industrial construction company.
Several committee members have received campaign contributions from utility, energy, construction, and power-sector PACs.
Meanwhile, these same politicians support policies promoting massive energy expansion for data centers.
So here’s my question:
How can Ohioans have confidence this committee is independent when so many members have professional, political, or financial ties to industries that stand to benefit from data center growth?
I didn’t come to Columbus to participate in political theater.
I came because Ohio families have legitimate questions about energy demand, water consumption, environmental impacts, property rights, privacy concerns, and the long-term consequences of building an AI and data center economy across our state.
Instead of an independent watchdog, are we looking at a committee designed to reassure the public while the decisions have already been made?
Ohioans deserve answers.
Ohioans deserve transparency.
And Ohioans deserve a committee that represents the public, not the industries that profit from the outcome.
Was this committee created to protect Ohio citizens?
Or was it created to make us think someone is protecting Ohio citizens?
That’s the question I you with today. #Ohio #datacenters #WaterRights #PrivacyMatters #energybills
🚨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.
NEW:
🇺🇸 The CEO of BlackRock, Larry Fink, says ordinary people’s savings accounts and pension funds, worth trillions of dollars will be used to build data centers and power grids for AI
He says that people will be forced to invest in it
“Much of this will come from savings accounts and pension accounts.”
Here’s an idea…
Rather than the government mandating digital ID on all of us, we should be mandating digital ID on the government to monitor exactly where they spend our tax money and the meetings they have with corporate lobbyists. We don’t serve them. They serve us.
Activist: "Your cows are putting carbon into the atmosphere."
Farmer: "Where did they get it?"
Activist: "What?"
Farmer: "The carbon. Where did the cow get it before it put it anywhere."
Activist: "From... eating?"
Farmer: "From eating grass. And where did the grass get it."
Activist: "The soil?"
Farmer: "The air. The grass pulled it out of the air last spring. The cow ate the grass. The cow breathed some of it back out. It went back into the air it came from."
Activist: "But it's still going into the atmosphere."
Farmer: "It's going back. There's a difference between a thing going somewhere and a thing going back. You've described a circle and you're frightened of it."
Activist: "Then just don't have the cow."
Farmer: "The grass still dies in autumn. It rots where it falls. The carbon goes back into the air either way, just without anyone getting fed in the middle."
Activist: "It's not that simple."
Farmer: "It's grass, cow, breath, grass. Or it's grass, rot, air, grass. Same circle, fewer dinners. If that's complicated for you I'd stay away from the water cycle. That one's got clouds in it."
(Reuters) - Chicago Board of Trade wheat and K.C. wheat futures climbed by their daily trading limits on Tuesday after the U.S. Department of Agriculture projected the nation's harvest will drop to the lowest level since 1972.
I watched the Cleveland Media write FULL ARTICLES and created full segments on their shows about speeding tickets of the 2 players but they ready to look the other way for a guy that’s got a gambling problem so bad he has to check into a facility and being sued.
Go off though🤦🏾
Kevin Hassett: "The consumer is really, really firing on all cylinders…Credit card spending is through the roof. They're spending more on gasoline, but they're spending more on everything else too."
@TheRealDrip2Rip@seer_xyz So you’re using greek an oi data in a TradingView pinescript? Or would you rather just decide to be vague and unhelpful so you can feel superior?
I was being honest and genuinely asking for your insight if you knew of documentation, apparently I misjudged your character.
Mark Cuban just described the largest wealth transfer of the AI era.
Almost nobody understood what he said.
Cuban: “There are 33 million companies in this country. Aren’t going to have AI budgets. Aren’t going to have AI experts.”
Not tech startups.
The shoe store. The regional trucking outfit. The accounting firm with 12 employees.
The businesses that actually run the physical economy.
They know AI is coming. They have no idea what to do with it.
Cuban: “You’ve got the head of Microsoft saying software is dead because everything’s going to be customized to your unique utilization.”
Software is dead.
The SaaS era ran on one rule. Build a generic product. Force millions of companies to bend their workflows around it. Charge rent forever.
AI ends the contract.
The business stops bending to the software. The intelligence bends to the business.
But customized by whom.
The third-generation manufacturer cannot tell Claude from Gemini. The county hospital is staring at a reactor asking where the light switch is.
Cuban: “Who’s going to do it for them?”
That question is worth more than the frontier models themselves.
Hundreds of billions are being burned to build the foundation. The smartest engineers alive are locked in a bloodbath over who owns the base layer.
Let them fight.
Let them burn the capital. Let them drive the cost of raw intelligence toward zero.
Because the wealth does not collect where the brain is built.
It collects where the brain meets the business.
Every ambitious kid in college right now thinks survival means a seat at OpenAI or Anthropic.
Cuban is staring at the other 99 percent of the economy.
Learn the models. Then learn the messy, unglamorous reality of how a 50-person company actually operates.
Walk through the door. Understand their problems. Wire the intelligence directly into their revenue.
That is not a job title. That is an entire economic class being born.
You do not need to build the brain. You need to build the nervous system.
The biggest winners of the electricity era were not the engineers who built the generators. They were the ones who walked into dark factories and showed the owners where to plug in.
33 million companies are standing in the dark right now.
Silicon Valley is racing to build the god. The fortunes will belong to whoever teaches him a trade.
There is NO PURPOSE FOR DATA CENTERS THAT IS GOOD.
It will not serve you Netflix faster.
They are not building 3000 industrial scale server farms to help your son with homework.
THIS IS THE INFRASTRUCTURE OF THE GLOBAL GOVERNMENT PRISON PLANET DIGITAL PANOPTICON BEAST SYSTEM
Bernie Sanders has said:
Jeff Bezos, worth $234 billion, plans to replace 600,000 Amazon workers with robots.
Now, he wants to spend $100 billion to fully automate not just his warehouses, but factories in the U.S & other countries.
Oligarchs are waging all out war against workers. FIGHT BACK.
Multiple automated semi-trucks have been deployed on freight runs between Indiana and Ohio in a pilot program aimed at accelerating “the adoption of truck automation technologies and transforming the logistics industry across the region.”
Multiple automated semi-trucks have been deployed on freight runs between Indiana and Ohio in a pilot program aimed at accelerating “the adoption of truck automation technologies and transforming the logistics industry across the region.”