encryptedape.eth

[Jared Ryan Sears @JaredRyanSears]

Trump was warned by US intelligence that attacking Iran would lead to attacks on US bases, regional attacks, and the closing of the Strait. It is all in the 2025 intelligence threat assessment.

Intelligence also repeated year after year that Iran wasn't working on a nuclear weapon. And the administration admitted there was no imminent threat.

Trump started a war anyway.

Trump started this war because he thinks he can get away with anything. He thought he could bomb Iran's leaders, and Iran would quickly turn around and agree to peace. Trump was wrong.

Trump was warned. Trump started a war anyway. And now he doesn't know how to end it.

This is fully Trump's war and Trump's mess. He deserves every bit of criticism he receives, no matter how much he whines about it on social media.

[Bull Theory @BullTheoryio]

🚨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.

[encryptedape.eth @eebel46]

@MattWalshBlog @BarackObama and @RepThomasMassie have the chance to do the funniest thing and hold a real Celebration of America. Turnout would dwarf the WH “confederate fest.” I’m sure every single musician they asked would be happy to attend.

[Jesus Freakin Congress @TheJFreakinC]

🚨BREAKING: Right-wing streamer Cam Higby was caught on video walking up to a group of protesters and pepper spraying multiple people, outside the Newark ICE Facility.

Then, as people reacted to being sprayed, an armed man pulled him away, telling him, “It’s not worth it… it’s time to go.”

Last time I checked… walking up to a group of people and spraying them with a chemical irritant is commonly charged as assault or battery.

And then, after spraying the crowd, the video show Higby, and the armed man, running into the ICE facility while agents allowed them inside.

Imagine the outrage if a left-wing activist walked up to a group of conservatives, pepper sprayed them, and then disappeared behind federal gates.

The headlines would never stop.

The law is supposed to apply equally to everyone.

[Liam Nissan™ @theliamnissan]

Wow

[encryptedape.eth @eebel46]

@tedcruz Hey remember when the president called your wife ugly and you still kiss his ass? No one respects you.

[encryptedape.eth @eebel46]

@EricLDaugh Are you a real person?

[Popular Liberal 🇺🇸 @PopularLiberal]

WOW! Thomas Massie and Tucker just gave the president a primary truth of their own.

Massie went off on Trump. He said the White House dragged Lauren Boebert into an interrogation room to bully her into removing her name from the Epstein petition.

Massie says Trump told Marjorie Taylor Greene to her face that the death threats against her kids were her fault. He blamed the victim and called her out for getting threats.

Massie called him despicable to his face.

$32 million from Trump's billionaire buddies to crush one congressman for asking about Epstein files.

You know, billionaire buddies like Elon Musk—who's in the Epstein files himself.

The "law and order" party, everybody. Blame the moms, protect the predators, and let the billionaires buy the silence.

[encryptedape.eth @eebel46]

@mcuban @atrupar Republicans have never wanted cheaper drugs! Unless it’s abortion medication for their mistresses.

[encryptedape.eth @eebel46]

@RepJackKimble Don’t threaten me with a good time.

[Ron Filipkowski @RonFilipkowski]

Trump has now officially broken every campaign promise he made to MAGA rubes about China. What a bunch of gullible suckers. Thanks a lot, morons.

[Liam Nissan™ @theliamnissan]

Trump is allowing 500k more Chinese students to enter America, and he's allowing the Chinese government to buy more American farm land while 46% of American farms are on the brink of foreclosure. Did you vote for this, MAGA? You did.

[Acyn @Acyn]

CNN split screen of Trump saying he doesn’t think about Americans’ financial situation and Vance claiming that Trump didn’t say that.

[Mehdi Hasan @mehdirhasan]

How do you cover this? A previous president would have received wall to wall coverage for even one of these tweets. And yet Trump floods the zone and the media cannot and often will not cover the sheer extent of his insanity and indecency.

[💙🌊 Zero Dark Twenty-Nine 🌊🌊🖋️🧫 @herotimeszero]

Trump posts a pic of Obamas as apes.
MAGA: 😂😂😂

Trump: I'm glad Rob Reiner is dead!
MAGA: 👏 👏 👏

Trump: Rob Mueller is dead. Good! He deserved it.
MAGA: 🤣🥳 🇺🇸

Mark Hamill posts a pic of Trump in the ground.
MAGA: This violent rhetoric must end!! Dems are crazy! Waaah!

[Neil Stone @DrNeilStone]

Myocarditis after Covid vaccine

5 per million

Myocarditis after Covid infection

150 per million

[David Weigel @daveweigel]

Sit back, take an edible, and think about how "Obama needs $1 billion for a ballroom" would get covered in 2011.

[Adam Kinzinger (Slava Ukraini) 🇺🇸🇺🇦 @AdamKinzinger]

The White House def activated the blue checkmarks to blame Biden for Spirit airlines.

Amazing how he takes credit for anything good and never takes blame for anything bad.

The most helpless, victim, snowflake ever to be president

[Ed Krassenstein @EdKrassen]

This exchange between @SenBlumenthal and Trump’s judicial nominees is utterly astounding.

If you can watch this and still think this country isn’t falling into authoritarianism and fascism under Donald Trump, then you are not being honest with yourself.