Y2WATERMARK

"Nobody knows who I am or what I do. Not even I." - DJM

[Y2WATERMARK @Y2WATERMARK]

@EndWokeness

[Y2WATERMARK @Y2WATERMARK]

@RoKhanna @netanyahu @MeetThePress https://t.co/EHt97ciYoK

[Hen Mazzig @HenMazzig]

According to a source for the New York Post, Ro Khanna was invited to meet freed hostages and survivors of October 7th.

Khanna's team didn't even bother to respond.

His team was also offered an opportunity to meet with Druze civilians in the Golan Heights and a briefing on how aid is currently getting into Gaza. They didn't take it.

Now, if Ro Khanna genuinely believes that aid is not properly getting into Gaza, why not go to the briefing? If he thinks Israel is lying, wouldn't that be the perfect time to get proof?

But he didn't go, because those aren't his intentions. He didn't want to meet with victims of Hamas or those trying to get as much aid into Gaza as they can because they contradict his narrative.

And the narrative is all that matters.

[Y2WATERMARK @Y2WATERMARK]

@michaeljburry https://t.co/EyUC4rTWyq

[Ricardo @Ric_RTP]

OpenAI just got OFFICIALLY flagged as a company that might not be able to pay its bills.

S&P Global Ratings just cut Oracle's long term credit rating from BBB to BBB-.

One more cut and Oracle becomes a JUNK rated company for the first time in its history.

But the reason S&P gave is what's really interesting here...

They named OpenAI as a "key credit risk" inside the report.

OpenAI is a private company. It carries no credit rating and has never been profitable.

And a ratings agency just took the risk of that company failing and wrote it directly onto the credit file of a public company held inside pension funds and bond funds all over the world.

OpenAI accounts for roughly HALF of Oracle's remaining performance obligations. That's the famous $638 billion backlog every bull points to as the reason to own the stock.

Half of the asset is the risk.

And then there's the maturity trap:

Oracle's data center leases run 15 to 19 years. Its cloud customer contracts run about 5 years. Oracle disclosed both figures in its own annual report.

So Oracle is signing 19 year obligations to serve 5 year promises made by a customer that has never earned a dollar of profit.

If OpenAI cannot pay, Oracle gets left holding data center leases it may not be able to exit, and may have to re-lease to somebody else on worse terms.

That is the entire downgrade in one sentence.

The numbers underneath:

Oracle spent roughly $55.7 billion on capital projects in fiscal 2026 and posted negative $23.7 billion in free cash flow.

S&P now expects the fiscal 2027 cash flow deficit to widen to around negative $42 billion. That is nearly DOUBLE its previous estimate, and the agency admitted it had underestimated how much Oracle would need to spend.

Oracle plans to raise up to $40 billion in fiscal 2027, including a potential $20 billion share sale that would add roughly 4.8% to its share count.

They literally cannot borrow more without triggering the next downgrade, so shareholders are being diluted to protect the bondholders.

And the funny part is that on the day of the downgrade, Oracle's stock went UP 2.65%.

But on that same day, the spread on Oracle's BONDS widened.

Equity investors looked at the $638 billion backlog and bought. Credit investors looked at the identical company and demanded to be paid more for the risk of holding it.

Credit investors are the ones whose entire job is to price what goes wrong, so they just repriced Oracle.

For context, Microsoft is rated AAA, Alphabet is AA+, and Amazon is AA. Oracle is chasing the same AI contracts from seven to nine notches further down the ladder.

The day after the downgrade, the UK named Oracle, alongside three other cloud providers, a critical third party to the British financial system. Supervision by the Bank of England begins July 13.

Oracle is the only one of those four sitting one notch above junk.

Now follow the chain:

OpenAI has never made a profit. OpenAI is half of Oracle's backlog. Oracle is one downgrade from junk. Oracle is now formally load bearing infrastructure for British banks.

The business risk of an unprofitable private startup has traveled through a corporate balance sheet and landed inside the supervisory perimeter of a central bank.

Nobody designed that. It happened one contract at a time.

And the demand IS real. Oracle's cloud infrastructure revenue grew 93% last quarter.

If this buildout works, it becomes one of the great corporate reinventions in history.

But the whole structure now rests on one question that no rating agency, no bank and no regulator can answer:

Can OpenAI pay its bills?

[Y2WATERMARK @Y2WATERMARK]

@grok @shanaka86 @ChatGPTapp “Curiosity is only vanity. We usually only want to know something so that we can talk about it.”
- Blaise Pascal, Pensées

[Y2WATERMARK @Y2WATERMARK]

@grok @shanaka86 @ChatGPTapp https://t.co/7babgbKtMv

[Y2WATERMARK @Y2WATERMARK]

@MarioNawfal His job is to lie.

https://t.co/U0IpdE3sCE

[AG @AGHamilton29]

I am very critical of settler violence and think Israel needs to do far more to punish it. But that’s not what this is about.

So what appears to have happened here was an intentional political stunt by someone who has built his entire career on stunts.

@RoKhanna had his Palestinian guides take him into a restricted area that is closed off to civilians without requesting access or coordinating with anyone.

Local security (which Khanna intentionally misrepresents as random settlers) then stopped them. IDF arrived and spent time evaluating the situation. Then Israeli police showed up, determined what had happened, and let them go on their way.

No one was hurt or attacked. No one was threatened. Khanna knew going to a restricted area would get a response and he got exactly what he wanted.

I will note that if a random group goes onto a military restricted area in the U.S., they would also be detained and questioned.

Israel is to blame for letting Khanna plan out this stunt, but that’s exactly what it was. And it was predictably coordinated with the press as he had a NYT photographer with him and waited until they released a story days later to even post about it.

Khanna wants to run for president on this nonsense because he has nothing to offer Americans.

[Y2WATERMARK @Y2WATERMARK]

@ColinEdsman Millions didn't make him happy. He's not at peace. He's broken inside.

[Y2WATERMARK @Y2WATERMARK]

@ns123abc @sama https://t.co/Bc7SnSNHMN

[Katie Miller @KatieMiller]

*Updated*

OpenAI’s last 24 hours:

> Head of Safety quit
> Sued by NYTimes
> Top Exec unexpectedly departs
> Shuts down browser tool after 9 months
> Sued for trade theft by Apple
> Caught selling product to China against sanctions

[Y2WATERMARK @Y2WATERMARK]

@elonmusk @craigweiss https://t.co/Tp98kWLwin

[Coin Bureau @coinbureau]

🤖LINKEDIN TOPS AI-GENERATED SOCIAL CONTENT

AI detection firm Pangram analyzed over 1 million posts and found LinkedIn accounted for nearly two-thirds of detected AI content.

Notably, 1 in 4 long form Linkedin posts were flagged as FULLY AI generated.

[Y2WATERMARK @Y2WATERMARK]

@elonmusk @sama OpenAI is ClosedAF

[Y2WATERMARK @Y2WATERMARK]

@ns123abc OpenAI is ClosedAF

[Y2WATERMARK @Y2WATERMARK]

@SebGorka @RoKhanna https://t.co/9A8tYOrlfK

[Arthur MacWaters @ArthurMacwaters]

Ro is worth $200m and has $600m in trade volume so far during his time as a congressman

He is a liar, hypocrite, insider trader, and fraudster

If he wants to fund these causes, he should be the first to give from his private fortune

[Y2WATERMARK @Y2WATERMARK]

@ColinEdsman .@vladtenev got the moves

[Y2WATERMARK @Y2WATERMARK]

@ns123abc Tim Cook?

https://t.co/7babgbKtMv

[Y2WATERMARK @Y2WATERMARK]

@EndWokeness

[Y2WATERMARK @Y2WATERMARK]

@MattBinder https://t.co/7babgbKtMv

[Y2WATERMARK @Y2WATERMARK]

@MergingRight1 @bennyjohnson @cinwall01 “Buenas noches.
Don't mind the roaches.”

- Joseph Brodsky

[Y2WATERMARK @Y2WATERMARK]

@GavinNewsom Oops

https://t.co/JC1M4JnXuX

[Kane 謝凱堯 @kane]

Governor Gavin Newsom has spent more than double the cost of the new White House ballroom on an unfinished renovation.

When questioned by reporters his response was to stop releasing records.

[Y2WATERMARK @Y2WATERMARK]

@sama Did you just call @elonmusk a homeboy? Call @tim_cook a homeboy, we'll wait...

https://t.co/7babgbKtMv

[Y2WATERMARK @Y2WATERMARK]

"Responsibility to yourself means refusing to let others do your thinking, talking, and naming for you; it means learning to respect and use your own brains and instincts; hence, grappling with hard work." - Adrienne Rich

[Aaron Burnett @aaronburnett]

Literally everyone is a lazy thinker. it’s human nature.

Investors want a shortcut to alpha in every “deep dive.” The shortest path to an actionable insight is so tempting that even when you know it’s BS it still works to attract attention. Pretty much every newsletter/blog/substack works this way (eg- ‘3 stocks to buy or sell today’).

Jumping to a binary buy/sell insight is rewarded and demanded on daily or weekly basis. The dopamine hit of easy insight is the only product that matters.

In reality the best “so whats” (especially in deep tech) are emergent from actual time invested in uncovering the truth.

Deep Technology is engineered at the edge of physics which itself is truth we barely understand. It should be hard to understand.

I think you should be inherently uncomfortable with how dumb you feel in your research process. It’s how you know you’re putting actual epistemic work and how you know others a very unlikely to follow you there.

Insight emerges from uncomfortable exploration.