Fugazi

It’s all a fugazi.

[Derrick Evans @DerrickEvans4WV]

This is INSANE.

AIPAC controls 76% of the members of Congress, regardless of which party they belong to.

There’s def a uniparty, but it looks much different than I could have ever imagined.

I NEVER looked or paid attention to any of this until they took out Thomas Massie.

[GURGAVIN @gurgavin]

JP MORGAN HAS RAISED IT’S TESLA PRICE TRAGET TO $475 FROM $145

THIS IS AFTER THE BANK WAS CHOSEN BY ELON MUSK TO BE PART OF THE SPACX AND EARN 100’S OF MILLIONS IN FEES

I HOPE PEOPLE CAN SEE THRU THIS BS

$TSLA

[Middle Eastern Affairs @OpsHQs]

🚨 The situation is completely getting out of control.

Albania is erupting for the second consecutive day in angry mass protests against the Kushner land seizure deal worth $4 billion. 🇦🇱

The Albanian people refuse to become a new Palestine. 💥"

[Mario Nawfal @MarioNawfal]

🚨🇺🇸The Senate just killed the SAVE Act, 48-50.

Voter ID and proof of citizenship, supported by over 80% of Americans, dead.

Four Republicans voted no: Tillis, Murkowski, McConnell, Collins.

The uniparty showed its face today...

[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.

[unusual_whales @unusual_whales]

BREAKING: More than half of the publicly identified donors to President Trump’s White House ballroom project have won new or expanded federal contracts worth more than $50 billion, per WaPo

[Fugazi @hal_apeynyo]

@Polymarket “Plunge” to last months highs. $AVGO it’s all perspective I guess

[Camus @newstart_2024]

Theo Von wasn’t buying Sam Altman’s wordplay for a second.

Theo asked if he had a bunker.

Sam replied: “I have underground concrete heavy reinforced basements… but I don’t have what I would call a bunker.”

Theo immediately called him out:
“That’s a dang bunker, dude.”

Sam then admitted it’s been on his mind, not because of AI, but “because people are dropping bombs in the world again.”

Theo has a gift for cutting through the verbal gymnastics.

When the people building our future are quietly preparing reinforced underground shelters, it’s worth paying attention.

Do you think tech leaders building bunkers is smart planning or a worrying sign?

[DANNY @Danny_Crypton]

🚨 WARNING: SPACEX IPO IS A REAL BIG STORM FOR MARKETS!!

This could turn into the BIGGEST insider cashout in market history.

SpaceX is expected to go public on June 12 at a valuation of $1.75-$2 TRILLION.

That would instantly make it larger than Microsoft and second only to Apple and Nvidia in the US market.

Yet the company lost $4.28 BILLION in Q1 2026 alone and has accumulated deficits of $41.3 BILLION since founding.

The real story is what happens after the IPO.

Insiders currently own 95% of all shares.

The public float is only 5%.

And insiders are sitting on $1.66 TRILLION of paper wealth that cannot currently be sold.

Most IPOs lock insiders up for 180 days.

SpaceX isn't doing that.

Just 60 days after listing, 20% of eligible insider shares can unlock.

If the stock rises 30% above the IPO price, another 10% unlocks.

Then five separate 7% unlocks hit between days 70 and 135.

By November 2026, 93% of early-release insider shares could already be free to sell.

This isn't just an IPO.

It's one of the biggest liquidity grab events Wall Street has ever seen.

I’ve been in finance for more than 15 years.

When I EXIT the markets completely, I’ll say it here publicly, like I always do.

Turn notifications on. If you’re not following yet, you’ll understand why that was a mistake later.

[Financelot @FinanceLancelot]

Holy shit! They changed the rules for Elon again...

They waved the profitability rule & are adding SpaceX to indices only 5 days after IPO... normally it's 90

This forces 401k retirement & passive funds to buy SpaceX at elevated IPO pricing, holding the bags the entire way down

[Parody Jeff @Parodyjeffx]

🚨🇦🇱 JUST IN: Over 100,000 Albanians shut down the capital in furious protests.

Trump and Kushner are selling off the Albanian coastline to Jewish billionaires and Israeli military projects.

The south of the country is being handed over to foreign control.

[The ₿itcoin Therapist @TheBTCTherapist]

SpaceX IPO liquidity exiting Bitcoin right now

[Defiant Ghost @TheDefiantGhost]

Theo Von unloaded on America’s relationship with Israel, no script, no filter.

“I do have a lot of uncomfort about America’s relationship with Israel… It just feels like a satanic regime at this point.”

Then he went deeper:

“It feels like he’s just been compromised by Israel, by this dark government over there… It’s f*cking baffling. And it’s sick.”

Theo continued: “I don't believe the Israeli leaders have any intention to stop that or they have any care for the American people.”

“If we don't speak up now our children won't have the chance to speak up…either by law or worse.”

[Hunter Biden @HunterBiden]

So let me get this straight.

Jake Tapper is focused on attacking my Mom.

Jared and Ivanka are building a private island paradise on Albanian protected land.

Don Jr married the daughter of Epstein’s banker, and a startup his fund backs just got a record $620M Pentagon loan.

Eric is taking an Israeli drone company public for $1.5B in the middle of a war with Iran that nobody wanted.

And I know: “But what about your paintings, Hunter?”

Please.

[Spinnin Backfist @SpinninBackfist]

Middleweight champion Sean Strickland says he’s BANNED from attending #UFCFreedom250 because of his political comments

Strickland says:

“I made fun of Israel and Epstein. The only male American champ banned at the White House.”

[Fugazi @hal_apeynyo]

Loading more $GRPN here 🫡

[Not Jerome Powell @alifarhat79]

Donald Trump paying a $200 fine after making $17 billion day trading

[Hassan Mafi ‏ @thatdayin1992]

Americans realizing they can go to jail for smoking weed but Trump gets a $200 fine for insider trading

[Coinvo @Coinvo]

CRAZY: 🇺🇸 U.S. analysts believe President Trump is 'an idiot' for agreeing to give Iran $300 billion for "reparations."

"So he spends $70 billion of taxpayers money to bomb Iran, then spend an extra $300 billion repairing the damage, and then increase taxes to help cover the debt."

[Fugazi @hal_apeynyo]

@Kalshi You see how they do this…