Pavol Vaskovic

Aspiring software craftsman, designer and paternal leave veteran. Failed in the experiment of financing his daughter's kindergarten via the App Store.

[Pavol Vaskovic @palimondo]

Baseline Test Achievement Unlocked
🎉

[Timothy Snyder @TimothyDSnyder]

In countries that have successfully reversed democratic backsliding in recent years—from Poland in 2023 to Hungary in 2026—opposition movements made prosecuting those who have broken laws a central campaign issue.

[Mehdi Hasan @mehdirhasan]

Fauci spent his life, decades, saving lives; you on the other hand, in just a few months in government helped ended 100s of thousands of lives around the world and some estimates suggest the death toll could be in the millions. Not sure how you sleep at night.

[Pavol Vaskovic @palimondo]

Sarah Paine - Why Russia and China can't escape geography
https://t.co/RU11I8ckVI

[Emmanuel Macron @EmmanuelMacron]

La Marine nationale a arraisonné hier matin un nouveau pétrolier sous sanctions internationales en provenance de Russie : le Tagor. Notre détermination est constante et totale.

Cette intervention a été effectuée en Atlantique, en haute mer, avec le soutien de plusieurs partenaires dont le Royaume-Uni, dans le strict respect du droit de la mer.

Il est inacceptable que des bateaux contournent les sanctions internationales, violent le droit de la mer et financent la guerre que mène la Russie contre l’Ukraine depuis plus de 4 ans.

Ces navires, qui ne respectent pas les règles les plus élémentaires de navigation maritime, constituent également une menace pour l’environnement et pour la sécurité de tous.

[Jeffrey Snover @jsnover]

In my Harvard fellowship I study the views of AI accelerationists, safetyists and skeptics.

What I have come to realize is that both the Accelerationists and the Safetyists believe that we are creating an AI God.

The difference is that Accelerationists believe that it is the god of the New testament.
A god of loving kindness.

The Safetyists believe that it is the god of the Old testament.
The jealous one who told Abraham to kill his son, destroyed Sodom and Gomorrah, and killed everybody in the flood.

The Skeptics think it's just a damn toaster with more knobs.

[Garry Kasparov @Kasparov63]

When this war is over, and Ukraine is victorious and whole again, and every innocent victim, every fallen defender, every destroyed city and town is documented, let no one say they did not know. These Russian crimes against humanity are happening in full view in real time.

[Ben Norton @BenjaminNorton]

The world's richest centi-billionaire oligarch used his power to change the rules, so he could dump his garbage company (which is cartoonishly overvalued, unprofitable, and incinerating cash) on retail investors, using trillions of dollars in retirement funds as exit liquidity, all in order to become the first trillionaire.

This is the perfect metaphor for the US economy as a whole, which is entirely based on bubbles and scams.

[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.

[Pavol Vaskovic @palimondo]

@0xwhrrari WTF, are you all high?!? What are you so impressed with? Have you never before done normal mature software engineering?

This video is demonstrating that you can poorly replicate testing framework basics while burning a ton of tokens. Vibe coders are so easily hoodwinked!

[JerryRigEverything @ZacksJerryRig]

The richest guy on the planet is about to rob your 401K. 👍

[Pavol Vaskovic @palimondo]

@IAmTondelayo @Fai5alAld0sar1 @Hedgeye 1793

[Michael MacKay @mhmck]

Russia is a terrorist state, a decrepit empire, a crime syndicate, and an abyss of nihilism.

Russia is not a nation-state or a great power.

Russia can and should be defeated.

[Pavol Vaskovic @palimondo]

Three arrow is correct:
@Kurz_Gesagt is Wrong About Germany
https://t.co/RlKbxpdx6X

[Michael McFaul @McFaul]

Putin is losing on the battlefield so out of desperation, he has to resort to increasing terrorism against civilians. It won’t work. Stay strong Ukrainians. Stay resilient. Slava Ukraini!

[Gianl1974 @Gianl1974]

This is Officer
Caroline Edwards.
She was attacked by the insurrectionists on January 6th. They cracked her heac open, resulting in a permanent brain injury.
For all those who support Trump's pardons and say you
"back the blue". You don't. You support fascism.

[Jürgen Nauditt 🇩🇪🇺🇦 @jurgen_nauditt]

Russian attack on Kyiv.

Only civilian targets were attacked:

▫️ the building of the Ukrainian Ministry of Foreign Affairs;
▫️ the Chernobyl Museum;
▫️ the Institute for Religious Studies;
▫️ the Podil Opera and Ballet Theatre;
▫️ the Tax Authority building;
▫️ the Kyiv School of Economics;
▫️ the Kvadrat supermarket;
▫️ the market near Lukianivska station;
▫️ schools;
▫️ high-rise buildings;
▫️ civilian water supply infrastructure.

Europe: "We stand firmly with Ukraine."
That's all.

[Jenni @hashjenni]

Jeff Bezos thinks people are ‘vilifying the rich.’ Bro, you’re one of the richest people on earth and 1/3 of your warehouse workers rely on government assistance for basic needs like food and rent. You ARE the villain.

[Michael Bennet @SenatorBennet]

Secretary of Defense Hegseth must immediately release Congressionally appropriated funds for Ukraine and our Baltic allies. I’m joining bipartisan colleagues to demand it.

Withholding these funds signals weakness to Putin — not peace through strength.

https://t.co/fUN5cZ6OLH

[Michael MacKay @mhmck]

Russian barbarians destroyed 40% of the collection at the Ukrainian National Chernobyl Museum.

Russians carry out a genocidal war on Ukraine to destroy a people and national memory.