Adastrasicitur

[Adastrasicitur @adastrasicitur]

@AdrianDittmann We will be able to get to Mars in 2 days using a reactionless propulsion tech called Space Drive. Early prototypes already exist: https://t.co/RefNujgdFD

[Adastrasicitur @adastrasicitur]

@FinanceLancelot Maybe they are doing this because Trump has revealed his weak hand. He's not in a good position. He has no cards right now.

[Jay in Kyiv @JayinKyiv]

40% of Moscow's fuel supply is gone and won't be replaced for many years.

[Adastrasicitur @adastrasicitur]

@OMApproach We will never see this kind of video being released by our government.

[Adastrasicitur @adastrasicitur]

@Polymarket What does "incident" mean? I have been using FSD extensively for the last almost 2 months and I have had plenty of "incidents".

[Adastrasicitur @adastrasicitur]

@dr_avery007 @Tesla True it is very very slow. If you are parallel parking next to heavy traffic people get pissed.

[Adastrasicitur @adastrasicitur]

New Suncell innovations from Brilliant Light Power:
https://t.co/W0m3trZYUD

[Adastrasicitur @adastrasicitur]

@picibucor @DarioCpx Maybe because the US government is talking about investing a lot of money into it and it's a huge fraud?

[Adastrasicitur @adastrasicitur]

@alexjcombs @Devon_Eriksen_ With Space Drive asteroid mining will be trivial.

[Ricardo @Ric_RTP]

Wall Street just pulled off the exact move that turned 2008 from a housing problem into a global collapse.

They turned Nvidia graphics cards into bonds, stamped them investment grade, and started selling them into the funds that hold retirement money.

Here is what happened while everyone was busy arguing about whether AI stocks were overvalued:

The company at the center is CoreWeave, which rents out Nvidia chips to AI companies.

To buy those chips, it borrows enormous sums, and the collateral on the loans is the chips themselves. That alone is alarming because a graphics card LOSES most of its value within a few years as the next generation makes it obsolete.

You are lending against an asset built to rot.

In January, Nvidia invested $2 billion straight into CoreWeave, which then used borrowed money to buy more Nvidia chips.

On March 31, CoreWeave closed an $8.5 billion loan backed by its chips, and for the first time the rating agencies stamped that chip-backed debt investment grade, with Moody's assigning it an A3.

Debt secured by depreciating graphics cards was rated nearly as SAFE as a blue-chip corporate bond.

Then on May 18, CoreWeave closed the first chip-backed facility designed to be publicly syndicated and traded on secondary markets.

And that's the part that really matters because it means this debt can now be sliced up, passed around, and bought by anyone, including the bond funds and pension managers who are required to hold "safe" investment-grade paper.

On June 11, it announced another $3.5 billion in bonds on top of all of it.

Now compare this to what happened in the past:

Subprime mortgages in 2007 were not dangerous because some people got loans they couldn't repay...

They became a global bomb the moment that debt got rated AAA and sold into the wider financial system, because the rating is what let it bleed into money market funds, pensions, and bank balance sheets that were supposed to be boring and safe.

The bad loans were the spark but the packaging and rating were the detonator.

And that detonator just got built for AI.

Debt backed by graphics cards is now rated investment grade and trades on secondary markets, which means the AI bubble is no longer trapped inside tech stocks you can choose not to own.

It has been quietly converted into bonds and routed toward the retirement accounts of people who have never typed a single prompt in their lives.

And the whole structure rests on a backlog of customer "commitments" that CoreWeave values at nearly $100 BILLION, backed by a $21 billion Meta deal and a $6 billion Jane Street deal.

Those are promises to pay over many years, made by AI companies that are themselves mostly unprofitable and burning cash. If even a few of those customers slow down or walk away, the collateral sitting under all this rated debt is a warehouse of chips losing value by the month.

The AI bubble used to be a stock-market story you could opt out of. But as of this spring, that isn't the case anymore.

So here's the real question:

When the people packaging this debt swear to you that it's safe, who do you think is standing on the other side of that trade?

[Adastrasicitur @adastrasicitur]

@ItsTheEnforcer China has biolabs. Russia should invade China now. Of course they can't because Russia is weak. They didn't know it when they started the invasion but they do now.

[Gary Marcus @GaryMarcus]

BREAKING! This may well be the beginning of the end.

[Nobody Special @JG_Nuke]

The government is considering buying an equity stake in Ask Jeeves, Pets dot com, and Excite. We’re all gonna be rich.

[Adastrasicitur @adastrasicitur]

@DarioCpx

[Squirrel Matador @BudLightSadness]

“You can’t solve problems with violence”

*opens history book.

Well well well

[Adastrasicitur @adastrasicitur]

@WarMonitor3 It was a ceremonial beheading. Don't be racist.

[Adastrasicitur @adastrasicitur]

@jholtillus Now go watch GITS Stand Alone Complex.

[Adastrasicitur @adastrasicitur]

@ColoradosMark @RealJimChanos It's literally a pipe dream.

[Adastrasicitur @adastrasicitur]

@ColoradosMark @RealJimChanos Lol no. Not with rockets. Only possible with Space Drive. Now SpaceX may choose to license this technology which could make it possible but they wouldn't have an edge anymore. https://t.co/RefNujgdFD

[Adastrasicitur @adastrasicitur]

@UAPWatchers What happened to the classified video that made everyone in the room gasp out loud? We sure have not seen anything like that.