@benjamincowen@bariksis They were dunking on you cos you were right. They got furious after they left holding a bag full of shitcoins hopping for supper cycle 🤣🤣🤣🤣🤣. Market's will humble them.
@AlexesNakamoto@Tom__Capital I don't know why but I never take this guy seriously at all. He was also saying ETH will flip BTC in the past bull market 🤣🤣🤣🤣🤣.
@elonmusk What can you say to this ignorant immigrant billioner with 14 kids. Does he blaming himself or others 🤣🤣🤣🤣🤣. If he was immigrated to Europe this statistics would have been worse because of him 🤣🤣🤣🤣🤣
🚨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.
🇦🇷 Peter Thiel has temporarily relocated his family to Argentina, purchased a $12 million mansion in one of Buenos Aires’ most exclusive neighborhoods, and enrolled his children in local schools.
🇺🇸 When a state like California starts introducing a wealth tax, it is not because politicians are socialist or stupid.
It’s because they want to drive out the wealthy on purpose and reduce the tax base, deliberately asset-stripping the state for private institutional ownership that can use the tax code to secure exemptions and advantages.
It’s not because politicians are stupid.
It’s not because they are radical left-wing communists.
That’s the narrative that keeps you locked into the belief that the left has the back of the poor, while the right gets to point at the left when the state goes to shit.
It’s because the state is being acquired by the financial-industrial complex, and the resulting civil unrest serves the private prison sector of the military-industrial complex.
At the same time, they install a police and surveillance system that benefits the technological-industrial complex powered by Palantir.
The same one Peter Thiel works for.
It’s a business model.
Anywhere you see a wealth tax, it’s an end-game asset-stripping exercise that gives more power to the wealthy, not less.
They are not coming after billionaires.
They are transferring wealth to billionaires.
By design.
ALL POLITICIANS WORK FOR THEIR CORPORATE LOBBIES.
Stop believing in left-versus-right politics.
It’s a distraction from the reality that you vote with your money.
Exactly how the world really works.
The politics you spend your time focused on is the distraction game.
It’s not the communists.
It’s not capitalism.
It’s not the terrorists.
It’s not the immigrants.
It’s not the radical left.
It’s not the far right.
It’s not the political party.
It’s not the Muslims, Jews, Hindus, or Christians.
It’s how we organize money.
It’s our spiritual relationship with money and our higher-frequency connection to humanity.
It’s understanding the real power structure of the world and how it actually works.
And you are not meant to understand it.
By design.
@elonmusk He cares only about his TSLA shares & his new Spacex IPO go up. Why do people even get surprised by this kind of nonsense from a billioner. All of them are profiting from genocide & war including this clown. People think they speak the truth, no, It's Evil vs Good & they are Evil
▶️ FULL INTERVIEW: Opting Out of the Grid: Parallel Systems, Hard Assets, and the Fight for Freedom | Simon Dixon, Catherine Austin Fitts, and Iain Davis on Kyle Chassé podcast
TRANSLATION:
Big Energy and OPEC need more time to keep the strait closed while oil and LNG executives close more deals, and the WEF gets its manufactured inflation, recession, and distressed-asset-stripping crisis.
Once we’re done, we’ll announce the deal we already agreed to.
In the meantime, you deal with the inflation.
You will own nothing and be happy.
“Draining the swamp” meant draining the global middle class that doesn’t own the appreciating assets.
Meanwhile, you get distracted with left-versus-right politics, capitalism vs. communism, manufactured immigration, and fake wars on terror while we price you out of the markets.
You can pretend elections matter while the financial-industrial complex sets the policy and tells you when the strait will reopen through our insurers.
Go distract yourself at a Tommy Robinson rally and vent some frustration there.
It will make no difference, and we’ll use it to build your social credit score, pre-crime social media arrest data, and digital ID profile.
Theatre.
@SimonDixonTwitt Great, so at the end the atrocities they have done to other countries is finally coming home. Let's celebrate together by singing a song. The song goes like this...
"I'm coming home, I'm coming home
Tell the west I'm coming home...."
@Investanswers Why would a 95 year old billioner need a black Swan are you serious or joking. He needs some rest and eating health food. All of you here shouting nonsense will be in panic mode when you see one red candle. None of you make as much as money he made in stock market.
@Polymarket The orange dumb ass will kiss Xi's boots behind cameras and he will say to his imbecile Maga retards, we are wining 🤣🤣🤣 China has already won in every metric and they will decide what is going to happen not the pedo president of the United States of A**hole's 🤣🤣🤣🤣🤣