Nobody

Eat spaghetti to forgetti your regretti

[Nobody @onecapra]

@unusual_whales Is it legal

[unusual_whales @unusual_whales]

BREAKING: Iran’s World Cup squad has been notified they must enter and leave US soil on the same day of their matches played in America, says Tehran’s ambassador to Mexico.

[Nobody @onecapra]

@YamiPNL Winner takes all

[Nobody @onecapra]

US market is strong! Let’s go knicks

[The Kobeissi Letter @KobeissiLetter]

It's official.

Game 3 of the NBA Finals between the New York Knicks and San Antonio Spurs is now the most expensive NBA game in history.

The cheapest ticket available? $10,622 per seat.

This game will shatter every previous record by a mile.

[Nobody @onecapra]

@DeItaone 32 BTC of 843k, just funding divs, not a thesis break. real driver's the rate-hike repricing (iran/oil → sticky inflation → hike odds up). ETF outflows are the symptom. technically broken: lost 73-74k, riding the 65.4k two-month low. hold it = shakeout, lose it = low-60s

[Nobody @onecapra]

@zerohedge Double standard?

[*Walter Bloomberg @DeItaone]

$MSTR - MICROSTRATEGY SELLS 32 BTC FOR $2.5M AT AVERAGE OF $77.135M: FILING

[Cassandra Unchained @michaeljburry]

The Sunday Long Read or Listen

The Heretic’s Guide to AI’s Stars Part III
Nvidia’s $182 billion Supply Chain Gamble
MetLife Selling Out for the AI Buildout
$662 Billion Off-Balance Sheet debt among $MSFT $GOOG $AMZN $ORCL $META
https://t.co/0QxhGcWDWl

[Bull Theory @BullTheoryio]

🚨 AMERICA'S BIGGEST MYSTERY COULD FINALLY FACE A PUBLIC AUDIT

President Trump once again called for an audit of FORT KNOX in a recent Truth Social post.

According to the U.S. Treasury, Fort Knox holds about 147.3 million (4,582 TONS) troy ounces of gold worth about $650 BILLION at today's price, representing more than half of the U.S. government's gold reserves.

The "book value" of 4,582 Tons gold is about $6.22 billion at $42/ounce fixed as per 1973 gold price.

The gold vault is located on an active US Army base and is protected by heavily armed United States Mint Police.

The vault was built in 1936 with 16,000 cubic feet of granite, 4,200 cubic yards of concrete, 750 tons of reinforcing steel and 670 tons of structural steel.

Only a handful of outsiders have been allowed inside Fort Knox since it opened in 1937.

The last full audit of Fort Knox's gold reserves was in 1953, with a partial audit in 1974.

Fort Knox was last inspected by senior officials in 2017, including Treasury Secretary Steve Mnuchin and Sen. Mitch McConnell.

President Trump want to inspect the vault after decades of conspiracy theories claiming the gold may be missing.

After decades of speculation, the world may soon find out what's really inside Fort Knox.

[rody @0x_rody]

https://t.co/XKq6qBjLxY

[Cassandra Unchained @michaeljburry]

There are good reasons for this Jim. It is all Fugazi. How to make tens of $billions worth of $NVDA GPUs disappear from balance sheets in 8-12 byzantine stepspvs.

[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.

[Roan @RohOnChain]

https://t.co/UZzKDITxTq

[*Walter Bloomberg @DeItaone]

IRAN'S FARS: IRAN'S ARMED FORCES CARRIES OUT A MISSILE LAUNCH OPERATION FROM SOUTHERN REGIONS OF THE COUNTRY TOWARD SPECIFIED TARGETS

[Alexander Osipovich @aosipovich]

The ‘Google insider’, who made over $1m with a string of accurate bets on last year’s top search results, has been arrested and ID’d as Google engine Michele Spagnuolo https://t.co/t61NsInK79

[Elon Musk @elonmusk]

Thank Heaven for the First Amendment in America!

[Skynet Insights @Skynet_insights]

Goldman Sachs hired this guy at 20 regardless of his grades

JP Morgan later headhunted him and gave him $100M on day one

After he left Lehman Brothers, the bank collapsed with $600B in debt

He explains exactly why Goldman makes money 90% of trading days

It's the same mathematical foundation I documented in the article below

Watch the video first

Then read the blueprint

[Rahul @sairahul1]

https://t.co/yzI4MULnTK

[Roan @RohOnChain]

Goldman Sachs made $14.28 billion in net profit last year.

A researcher released exactly how Goldman Sachs runs AI across every trading desk for free. Bookmark before someone takes it down. Then read article below.