golong

present

[golong @m7patch]

We indebted every generation after us.

[Peter St Onge, Ph.D. @profstonge]

How did Boomers get so rich?

Or, put different, how did they break the economy for every generation that followed.

[Mortimer @mortimer_1]

Maybe a typo? Or did someone need some cash

Just sold $3 million under asking

Sold for $3.5 million, was asking $6.5 million

Last assessed: $6.1 million

1562 W 40th Avenue, Vancouver

[gemchanger @gemchange_ltd]

This is the most honest layoff announcement in banking history

Just a CEO on Bloomberg saying the AI pays for itself.
$2 billion in. $2 billion back.

"Some jobs" eliminated, his words, and "some" is doing heroic work in that sentence.

When a cost center returns 100% in year one, it doesn't stay at $2 billion. Ask anyone who's ever met a budget.

You can't out-spreadsheet a machine that costs $0.0002 a query.

But you can own one. Read the article

[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.

[bodila @51bodila]

Paul Tudor and Ray Dalio both hit bottom - Tudor lost 60% of client money, Dalio borrowed $4K from his father - now they run two of the greatest funds

- on one couch, together they held a workshop on how to trade right now

they said "the system is broken"

37-min masterclass between two legends who built the best funds in the world

bookmark & watch - one video will teach you more than any course from fake traders

[Сarm1ne @carm1nee]

Bill Ackman bought a third of a $20 billion company after it crashed to $100 million - the stock went from 34 cents to $34

it's the most contrarian bet in modern Wall Street history

"I called the CEO, he didn't return my call - I called again, he didn't return my call - six weeks later they spun off the company, the CEO got fired, then he called to thank me for his exit package"

"there are analogies to 2000 - people got excited about internet stocks and Berkshire traded at the lowest valuation in its history because people said that's all old stuff

a similar thing is happening today to Amazon, Meta, Microsoft - they're undervalued"

bookmark and watch it today - 29 minutes that will change how you think about AI, markets, and what makes a great investment ↓

[🅱️ete oaks @b0newalljackson]

carrying her across the threshold into the honeymoon suite then taking the gnarliest shit of my life

[Financelot @FinanceLancelot]

WATCH: @edzitron absolutely destroy the AI narrative by explaining these AI companies have no way to be profitable.

(My personal theory is Elon Musk is rushing to take SpaceX public because he plans merge with Dario's Anthropic as a way to destroy Sam Altman)

[illuminatibot @iluminatibot]

A former World Bank president has sounded the alarm, revealing that the Federal Reserve has lost over a trillion dollars—and counting—turning it into nothing more than a massive hedge fund for the rich and powerful.

He claims the Fed is borrowing money from banks at 5.4% interest, then pouring it into government bonds, creating the illusion that the government’s financial situation is better than it actually is.

He warns that this scheme isn’t just limited to the U.S.—it’s happening across central banks worldwide.

[Barchart @Barchart]

WARNING 🚨: Stock Market reaches most expensive valuation in history, surpassing the Dot Com Bubble and the run-up to the Great Depression 🤯👀

[Vesper @vesperdigital]

𝐇𝐨𝐰 𝐠𝐫𝐞𝐚𝐭 𝐨𝐟 𝐚𝐧 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐬𝐭 𝐢𝐬 𝐌𝐚𝐫𝐤 𝐂𝐚𝐫𝐧𝐞𝐲?

He predicted, 1 year 3 months ago that the U.S is heading into a recession while Canada would be ok.

Meanwhile, today, the U.S is not in a recession but we are.

Amazing Economist!
🙃

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

This is why you cant have a conversation with the left

they arent interest in facts

they arent interested in stats

when confronted, they resort to violence because its the only way they've ever won anything.

[Mario Nawfal @MarioNawfal]

🇺🇸 You only see shirts like this in America 😂

[Financelot @FinanceLancelot]

Hedge funds are buying 40–50% of Canadian government debt with short-term loans.

🇨🇦 Bank of Canada warned a sudden fall in lending liquidity could trigger a bond spiral, spiking interest rates & government borrowing costs.

This is what a global sovereign debt crisis looks like.

[Sowell Economics @sowelleconomics]

Ayn Rand response to, "How do we build roads, hospitals etc.? If the government doesn't force taxpayers to do so?"

[Keith Ainsworth @AinsworthKeith]

The best explanation of the E Jean Carol case you’ll hear

[QE Infinity @StealthQE4]

Truth: Inevitable. 🔥🔥💀

[Charlie Bilello @charliebilello]

The Fed expanded the money supply by nearly $9 trillion under Powell.

Inflation has averaged >4% per year over the past 6 years.

Powell's explanation? It was nearly all due to rolling “supply shocks" over which the Fed has no control.

The truth: this inflation was made in Washington as it always is - from too much government borrowing/spending and too much government creation of money.

[Wiretap Media @WiretapMediaCa]

💥BANK OF CANADA: Hedge funds are now buying up 40–50% of new Canadian government debt with massive short-term borrowed money.

If those loans get called in, it could trigger a fire-sale — spiking interest rates, exploding government costs, higher mortgages, and widespread job losses.

[The Angel 🖤 @Angel_150913]

In Alberta news, some crazy fucker breaks a world record driving off our local waterfall. Shout out to Dusty Friesen and his boat named Dent.

[golong @m7patch]

@kbessey @LandlordRescue I’m betting not only is it a pipe dream but someone’s mortgage payment.