Mostly Patient 💵📈

"Anima fortis nullum malum timet."

[Mostly Patient 💵📈 @mostlypatient]

🚨 Michael Burry just dropped a bomb on NVDA.
He documented a Bermuda-based scheme where US retirees unknowingly fund NVDA’s own revenue:
👴 Retiree buys “safe” Athene annuity
↓
🏝️ Athene ships $291B to Bermuda at 16.6x leverage
↓
💼 Bermuda money → Apollo’s $1T private credit
↓
💰 Apollo creates $3.5B debt for VCI (SPV)
↓
🚨 NVDA invests $1.9B as LP into VCI
↓
🛒 VCI buys $5.4B of GPUs from NVDA
↓
📈 NVDA books it as REVENUE
↓
🤖 100K+ GPUs leased to xAI
The math:
NVDA is self-funding 35% of this revenue.
Retirees absorb all the real risk.
Apollo extracts 6x fees.
34.7% of the Bermuda balance sheet is “Level 3” (no market price).
This is Enron-style circular revenue, but at AI bubble scale.
Burry’s positioning: $1.1B notional in puts, 80% bearish.
When this structure unwinds, the AI bubble repricing will be violent.
Source: @michaeljburry , May 2026 / Scion Asset Management

[Mostly Patient 💵📈 @mostlypatient]

@aeberman12 Fake numbers inflated by temporary hires for the world cup. People and investors are not stupid

[Mostly Patient 💵📈 @mostlypatient]

@anasalhajji How do you justify the divergence of paper and physical price?

[Roger @rdd147]

You can literally watch $NVDA buy tens of billions of dollars of junk debt of Neoclouds and SPVs at issuing that they then quickly dump to investment groups that sneaks them into pension vehicles.

The only thing you can’t know, is which ones. Maybe I’m wrong, but corporations don’t buy investor grade debt to hold 1-2 quarters before dumping.

$crwv $nbis $apld $iren $hut

[Mostly Patient 💵📈 @mostlypatient]

@nicrypto Or for journalista

[Mostly Patient 💵📈 @mostlypatient]

@DarioCpx The level of market manipulation is criminal at this point. I can smell desperation from @nvidia

[Mostly Patient 💵📈 @mostlypatient]

@MillionsWithMe You missed the most important gains of the year unfortunately

[Mostly Patient 💵📈 @mostlypatient]

@MillionsWithMe You should have a different exposure.

50% VTI 40% QQQM & 10 VXUS

[Mostly Patient 💵📈 @mostlypatient]

@PauloMacro They are bearish because the government has kept oil price suppressed and traders have been burned and reluctant to mantin long positions open. Contect matters

[Mostly Patient 💵📈 @mostlypatient]

@aeberman12 Waste of a tweet. You have provided 0 information… just givgberish

[Data Driven Stocks @stockdatamarket]

On Monday, the Strait of Hormuz will reach 100 days of closure. Despite over 200 peace deals news made up by "journalists" and social media. Almost no oil is being transferred.

[Data Driven Stocks @stockdatamarket]

Since 2020, U.S. debt has been rising at one of the fastest paces in modern history (see the movie).

But bond yields refuse to go down.

Why is this important?

Because the government has to spend more just to service this debt. In FY2025, U.S. net interest outlays were $970 billion. CBO projects $1.04 trillion in FY2026 and $1.43 trillion by FY2030. By FY2036, interest costs are projected to reach $2.14 trillion.

And the higher bond yields stay, the higher the servicing cost becomes.

This is the trap:

More debt → more Treasury issuance.
More issuance → more pressure on yields.
Higher yields → higher interest costs.
Higher interest costs → even more debt.

At some point, it will become one of the biggest line items in the federal budget. CBO projects net interest costs to account for nearly one-fifth of all federal spending by 2036, more than defense spending, and almost as much as all discretionary spending combined.

That is why bond yields matter.

[Mostly Patient 💵📈 @mostlypatient]

@OddStats I like big red candles like friday

[Mostly Patient 💵📈 @mostlypatient]

@OddStats

[Mostly Patient 💵📈 @mostlypatient]

@MentoviaX Soooooo…. 680?

[Mostly Patient 💵📈 @mostlypatient]

@BillyM2k Inside of the house

[Mostly Patient 💵📈 @mostlypatient]

@keezafaith I do it for $1,000

[Frank Cappelleri @FrankCappelleri]

Below a falling 200 day is guilty until innocent. And vice versa.

[Mostly Patient 💵📈 @mostlypatient]

@OddStats I need you to bring some charts and projections too, not sure if to close my puts or keep it open longer.

[Mostly Patient 💵📈 @mostlypatient]

@JoshYoung Every time he sells i buy

[Mostly Patient 💵📈 @mostlypatient]

@JoshYoung 🤣🤣🤣🤣🤣🤣