Drew Ramsay

Dundonian gadgie.

[The National @ScotNational]

NEW: Reform UK took another £3 million donation from crypto baron Christopher Harborne in the first quarter of the year, the latest records show https://t.co/WPR0tHz0wd

[Mukhtar @I_amMukhtar]

Fiona Bruce is actually a terrible journalist. Big up the audience member who brought up the £5M donation that Nigel Farage received from the crypto billionaire.

And he did say "up the ra" for £87.

[Mayor Zohran Kwame Mamdani @NYCMayor]

Amazon sets the routes, the quotas, the uniforms, the cameras — and then tells workers they don't actually work for Amazon. Every delivery worker in this city should be able to afford to live here and have their rights respected.

Workers deserve better.

[Red Operative Leninist @RedPill_Marxism]

Huawei "Chinese spyware" suddenly doesn't seem that bad in comparison

[Drew Ramsay @baxterparp]

@JayinKyiv @theliamnissan @sseagalofficial Hair by 3D printer.

[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.

[Drew Ramsay @baxterparp]

@mrandrewdickson Maybe Labour shouldn't have fucked it up and left the mess for the SNP to deal with.

https://t.co/x7MLwpldYn

[Yasmina @yasminalombaert]

This is putin casually admitting to what can only be described as a textbook war crime, and he’s doing it with a smug smile on his face.

He literally brags about using Ukraine as a human testing ground.

He openly admits that they didn't fire their "Oreshnik" missile at a military test range. Instead, they fired it at populated areas in Ukraine just because it was "convenient to watch”.

Think about that for a second. He sent explosive warheads into communities, and then sent drones in right after just to count the bodies and measure the craters "down to the millimeter" like it’s some kind of science fair project.

But the scariest part is how he ends it. He casually drops that they are collecting this data so they can figure out how to better use these massive missiles in "urban areas”. That is political speak for densely populated cities filled with civilians, apartment buildings, and schools.
It’s pure, calculated terror.

putin: “After all, we... we used to test such systems at testing ranges. But 'Oreshnik' wasn't tested that way. And this wasn't a combat application. In fact, we haven't had a single combat application of 'Oreshnik' over the territory of Ukraine in the full, so to speak, sense of the word.
And the last one—to be completely honest, I will reveal a major, major state military secret to you. We simply struck a location where it was convenient to observe the results. Well, this concerns Bila Tserkva, and it especially concerns... concerns the DPR [so-called Donetsk People's Republic] area within the perimeter of the main fortified area.
Afterward, our drones flew into that area—the target area we had struck—and simply looked at how the multiple reentry vehicles had landed. They calculated everything down to the millimeter, exactly where everything hit.
For us, this is important in order to make future decisions regarding the full-scale deployment of 'Oreshnik' against designated targets. Including within urban areas.”

[Jim Stewartson, Decelerationist 🇨🇦🇺🇦🇺🇸 @jimstewartson]

This is a crime. This is deliberately exposing the general public to the most overvalued company in the history of the stock market in order to prop up an IPO that jailbreaks the entire index/pension/retirement fund system.

This is selling suicide pills at the drugstore.

[Co-op Tory 🍁 @CoopTory]

One of the costs of not wanting to employ workers or provide competitive pay.

[The Purple Pimpernel @Eyeswideopen69]

Twenty years ago there were two cricket teams in my English village.

Today there are none, and the guys in the pub on the square probably couldn’t name a single England cricketer.

Sky killed English cricket — full stop.

[Mike Nellis @MikeNellis]

The largest ICE detention center made over $250 million last year. 

Billionaires have quite literally turned human suffering into a business.

[Suppressed News. @SuppressedNws1]

🇺🇸🇮🇱 Republicans and Democrats just UNITED to push deeper US military integration with Israel

Ro Khanna: “Now let me just be clear, Mr. Netanyahu actually wrote to a member of Congress to put this section 224 into the bill.”

The House voted on Section 224 of the NDAA, a measure expanding US Israeli military cooperation, especially on CYBERWEAPONS.

Rep. Ro Khanna and Rep. Sarah Jacobs tried to remove it.

They LOST.

Almost the entire House backed the measure.

[Bad Writing Takes 🖊️🏳️‍🌈 @BadWritingTakes]

I know nothing shoukd surprise me any more but this is basically Elon Musk and the whole of Wall Street conspiring on possibly the biggest heist in human history and I'm not sure if it's possible to undo once it's done

[Maria @mlstrat]

never forget when rand paul sat on the senate floor and railed against federal funding to study the screwworm’s reproductive cycle as wasteful 😌

[BuBBliK @k1rallik]

🚨 do you understand what just happened with the SpaceX IPO..

Fidelity quietly dropped its minimum account requirement from $500,000 to $2,000 - a 99.6% cut that lets millions of small retail investors in days before the biggest stock debut in history.

The catch is who they need to sell to.

- SpaceX reserved up to 30% of the offering for retail, far above the usual single-digit share
- Selling within the first 15 days triggers Fidelity penalties up to a permanent IPO ban
- At a ~$1.675T pre-money valuation this IPO creates more exit value than every VC-backed IPO of the last decade combined
- The xAI side lost $6.4B from operations in 2025, dragging a Starlink-powered company billions into the red

They opened the gates right when the smart money needs someone to sell to. Read the prospectus before you become it.

[Turnbull @cturnbull1968]

DOGE cut 15K USDA jobs that included monitoring of screwworms in Mexico.

They also cut funding for a project, that released sterile flies, that helped maintain a buffer between Latin American cattle and our domestic cattle.

Make sure to thank a Republican.

[Sen. Bernie Sanders @SenSanders]

Trump promised not to “touch” Medicaid.

Now he is cutting it by $1 trillion and taking health care away from patients with cancer, AIDS and other life-threatening diseases to pay for tax breaks to the top 1% and his wealthy campaign contributors.

Unimaginable cruelty.

[daeveningglow @InlandCaGuy]

It blows my mind that liberal supporters of Israel still just write this stuff off like "yeah those guys are terrorists" and "I don't support that" and "most Israelis don't support this" when it's stuff you simply cannot do without the state tacitly allowing it.

[José Mauricio Umaña @Jose_M_Umana]

Good story for those going to World Cup matches.

Many of these same cities have heat advisories which allow water to come into venue for safety reasons. Stadium staff knows these rules.

Are we saying FIFA plans to ignore city rules? How is that legal?