Benjamin Heimann

[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.

[Benjamin Heimann @bheimann]

@RMConservative Take care if Lindsey Graham is ever behind ya and in striking distance.

[Benjamin Heimann @bheimann]

@Timcast Voted “America” for North and South America.

[Benjamin Heimann @bheimann]

@paxlibertatem @DataChaz Big bonuses for those cutting the jobs with no repercussions when they need to hire back those same positions.

[Benjamin Heimann @bheimann]

@USTechWorkers Companies also hire consulting companies to do work in this same way. Rather than pay a person in the US, they pay that same amount to hire 3-4 consultants in India.

[Benjamin Heimann @bheimann]

@KColbertReport @indianagop @SOSDiegoMorales Are they doing that to prevent @Jamie4INgov from being nominated? Is it this because they think @SheltonForIN poses a threat to their pick?

I don’t know the current delegation numbers for SoS.

[Benjamin Heimann @bheimann]

@VillainCulture @RepThomasMassie @elonmusk He lost the primary. He still has his seat through the election and till January when the new congressional session begins.

[Benjamin Heimann @bheimann]

@SenatorBanks “dated”? You put that politely.

[Benjamin Heimann @bheimann]

@BillKristol @IfindRetards looks like there is another one.

[Benjamin Heimann @bheimann]

@000Dillon000 @alex_fasulo There are a bunch going up in heavily Amish areas east of South Bend and north west of Ft Wayne.

[Benjamin Heimann @bheimann]

@RMConservative -get pulled over in OH for driving on suspended license
-placed in back of police car for 30-60 minutes (4-6 police in the middle of day, power trip for Kent police)
-vehicle towed
-lost day of work
-went to court to fight ticket for suspension

[Benjamin Heimann @bheimann]

@RMConservative Not like something like this would ever happen:
-live in OH
-get a ticket in FL
-not know about the ticket as house is being rented in IN while renting in OH (to finish college)
-OH suspends license for not paying ticket
-renter finally notifies
-pay FL ticket
(1/2)

[Save Heritage Indiana @HeritageIndiana]

The following interview is with a retired elementary school teacher in Fort Wayne, Indiana.

Over 30 years, her community transformed from 50/50 black and white to mostly Burmese, Hispanic, and black - with fewer than 15 white children remaining out of 400. 🧵

[Benjamin Heimann @bheimann]

@MicahBeckwith Well, in Kosciusko county, at least the guy (Bob Connely) who was a large part responsible for the COVID tyranny is finally out as county commissioner. I know it doesn’t seem like much, but better than none.

[Sandra Kay @TruthRenagade]

Indiana needs to pass a 2 year Moratorium!
⬇️ CLICK THE LINK BELOW to Contact your local officials to ask them for a 2 year moratorium! It emails 52 individuals in less than a minute!

Click here- ➡️ https://t.co/XtreqieFAm

💥Like when you have done this & SHARE!💥

[Benjamin Heimann @bheimann]

@Meritocrating @greg_price11 How many were defeated last night?

[Benjamin Heimann @bheimann]

@RealDeanCain @SteveDeaceShow

[Benjamin Heimann @bheimann]

@tylerbowyer @SteveDeaceShow Not sure we hate him. A bettter analogy is he is like a big turd clogging up a toilet at your house. It makes your whole house stink. No one will take responsibility for why it is there. It seems to not want to leave and makes you feel like vomiting while trying to get rid of it.

[Benjamin Heimann @bheimann]

@Jamie4INgov So of the 17 delegates on my ballot, I am to pick 10. How are we supposed to know who they will pick?

[Benjamin Heimann @bheimann]

@MaryMaa54092776 @RodDMartin Please not another Boomer.