pleistocene funk

NY➡️NC...🌹➡️☭

[Lee Camp [Redacted] @LeeCamp]

🚨$1.6 Trillion In Hidden Debt — The AI Bubble Just Got More Insane! 🚨

It has just been revealed that the 5 biggest US tech companies have $1.65 trillion in hidden debt. Those companies are Meta (Facebook), Oracle, Amazon, Microsoft and Alphabet (Google). And that’s just the secret debt, not the debt they publicly admit to. That means the hidden debt of 5 US tech companies is larger than the GDP of over 170 countries around the world.

When you add the hidden debt with the reported debt, it comes to $3 trillion. In case you’re curious, $3 trillion is more than the GDP of every country on Earth except the US, China, Germany, India, Japan, the UK, and France.

Many are saying these revelations show that the US tech bubble right now is akin to Enron — the notorious company synonymous with world-shaking accounting fraud followed by a supernova-like explosion.

HOW DO THEY HIDE ALL THIS DEBT?

Well, sometimes they create a completely new company (entity) to hide the debt behind. You and I would call this a shell company or a “front,” but in the world of corporate America, it’s just called “business as usual.”

For example, what do you know about Beignet LLC? Are you a big fan? Do you use its products a lot? Do your children nag you constantly — “Mooooommm, can I pleeeeeease get a Beignet account?? Every other kid at school has one!” …Probably not.

You’ve never heard of it because it’s the shell company Meta/Facebook uses to cover up $27 billion of their debt. Here’s from Yahoo Finance:

“Meta's Hyperion data center in Louisiana is the poster child. Meta and Blue Owl Capital co-funded a separate entity that took on $27 billion in debt to build the facility. Meta is the sole tenant but argues it needn't record that debt because the entity — not Meta — bears the risk. Meta's total off-balance-sheet obligations sit at roughly $420 billion, nearly three times its reported debt…”

And this type of cover-up is actually the norm for these big tech bros. They create companies that are supposed to be ignored and forgotten. They’re meant to be bland and uneventful so no one thinks about them. Essentially, they’re supposed to be the color beige. …Maybe that’s why Meta named this one “Beignet”. I assume the next one they create will be named Shut Up, Forget This LLC.

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PROOF THIS IS A GIANT BUBBLE

The US economy right now is basically held up by 7 companies sending money back and forth to each other — Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla. So, essentially, it’s the same companies with massive amounts of hidden debt. Even NBC News — normally in the business of manufacturing consent for endless unfettered capitalism — has said, “The AI boom’s reliance on circular deals is raising fears of a bubble.” And Reuters, just three days ago, reported: “Big Tech’s circular AI trade grows too big to veil.”

For example, yesterday we found out from financial disclosures that Microsoft has essentially one customer for its AI. That’s right, one customer! It’s a guy named Stephen in Eagle Butte, Montana.

No, it’s actually OpenAI. (Sorry, Stephen.) So Microsoft — a company with $300 billion in secret debt — has only one customer for their AI, and it’s OpenAI — a company with $96 billion of debt. Wow. That sounds like sound fiscal management.

If this doesn’t sound like a bubble perched on top of a Jenga tower perched on top of a house of cards, then I don’t know what does.

AND IT GETS WORSE

A whopping 90% of US GDP growth comes from big tech’s AI spending. So that bubble-Jenga-cards thing is powering the entire US economy. Awesome. Love it. I’m excited about the future. (Slowly fills up 10-gallon jug with potable water.)

This insanity all goes on while most Americans struggle to get by. Less than half of Americans can afford a $1,000 emergency. This means the vast majority of us are living paycheck to paycheck.

The Trump administration claims the unemployment rate is a little over 4%. Of course anyone can just look around and know that’s not accurate. The true unemployment rate is nearly 25%! The true rate is found by adding up anyone without a full-time job who wants one or doesn’t earn a living wage ($26,000 a year before taxes).

TO SUM IT ALL UP

The irony is thick. While most Americans can barely afford rent, we’re inflating a bubble to further enrich a cabal of billionaire sociopaths who don’t care about any of us. And we’re doing it with a technology meant to replace most of us, which even the creators say has a 20% chance of wiping out all humanity. In order to produce that technology, we need to build massive data centers that steal our water, land, air and future. Dystopian science fiction writers suddenly look like they lack imagination when we compare their work to our reality.

[NOTE: Support true independent media. Follow my work (at no cost) at "RealLeeCamp" on subs tack. Thanks!]

[Brian Berletic @BrianJBerletic]

US created, armed, and continuously backs these extremists to justify global war and now TRILLIONS in tax dollars wasted on empire abroad.

The US backed them in Afghanistan in the 1980s.

The US backed them in Libya, Syria, and Iraq in the 2000-2020s.

The US literally invited them to the WHITE HOUSE THIS YEAR!!!

And people like Ben Shapiro profit from perpetuating this deadly charade and exploit it for its propaganda value.

But you can't wake up people who are just pretending to sleep...

[pleistocene funk @pfunkmill]

@AttackOnJew @ppow84 @Parodyjeffx @phaltron @grok How do you think the “golden age” was financed you fucking idiot? Brutal plunder

[Danny Haiphong @GeopoliticsDH]

The US empire is by far the biggest threat election integrity worldwide.

It has militarily intervened to overthrow more than 50+ governments in 400+ operations since World War II, including those that stole elections in Honduras, Colombia, and countless other countries.

Every accusation is a confession.

[pleistocene funk @pfunkmill]

@MagaMagajpxd @thehill Please do explain how you’re not free under democratic socialism

[Carlos @agent_of_change]

The Trump administration has found a new target in its long war on Cuba: the island’s doctors. As the Wall Street Journal reports, Washington is now moving to destroy Cuba’s overseas medical missions – one of its last remaining sources of dollar income – having already blocked its fuel, sanctioned its officials and choked off remittances. Marco Rubio has toured the Caribbean threatening visa bans against any official who keeps employing Cuban medics, denouncing the programme – bizarrely – as “forced labour” and “state-sponsored human-trafficking brigades”.

Since 1963 – the first mission went to newly independent Algeria – Cuba has sent what Fidel called an “army of white coats” to heal the poor of the world. Some 24,000 Cuban health workers currently serve across more than 50 countries, from tiny Caribbean islands to the rural villages of southern Italy. They staff the clinics no one else will.

In Honduras, residents gave the departing Cuban medics a tearful ovation. Jamaica’s prime minister, standing beside Rubio, pushed back to his face: the Cuban doctors “have been incredibly helpful to us”. St Lucia’s leader said plainly that “our medical system would basically collapse without them”. And when the US leaned on St Vincent and the Grenadines, Prime Minister Ralph Gonsalves responded firmly: “I will prefer to lose my visa than to have 60 poor and working people die.”

That is the choice the United States is forcing on the region: get rid of the Cuban doctors, or be punished. The world’s richest country would rather the poor of the Global South go blind and die than tolerate Cuban solidarity.

Why? Because those missions are not only Cuba’s largest export – some $5.3 billion in 2024, half of all its foreign earnings – but the clearest proof of what a small socialist country can offer humanity. That is the real target. Not “trafficking”, but the threat of a good example: a blockaded island of 11 million that sends doctors where empires send gunboats.

To wage war on Cuba’s doctors is to admit you have nothing to offer the world. Solidarity with Cuba has never been more urgent. ¡Venceremos!

[New Left EViews @NewLeftEViews]

The United States of America were founded by wealthy slave owners and arch-Stuart reactionaries who rejected their monarch because he couldn’t prevent Parliament from taxing their colony, whose violent settler peasantry just wanted to continue murderously expanding their frontier.

They were one of the last countries to abolish slavery and didn’t become a formal democracy until the 1960s. Their advantage of being a freer and more open society was short-lived and their attempt to build anything resembling a social state crumbled. Instead of a society of mass affluence, they ended up with a barbaric carceral system of historically unprecedented proportions, a top-heavy rapaciously extractive economy, a state thoroughly captured by oligarchic interests.

The last decades have been marked by America’s centrality to nearly every damaging social, cultural and ideological trend. It continues to export its accelerating domestic psychoses to the world. It has become the ultimate destabilising hegemon, blundering around like dying ogre, ever swelling a mountain of rotting corpses.

American isn’t the cause of all ill in the world, but the increasingly nihilistic, zero-sum social culture of contemporary capitalism, that has ramified into every corner of society, is fundamentally American, and the umbilical chord is very much still attached. There is no Post-American world—but with a little luck there will be one day.

Happy 4th of July

[Afshin Rattansi @afshinrattansi]

History they don’t teach you: on this day in 1960, Fidel Castro nationalised Esso, Shell and Texaco in Cuba🇨🇺, breaking the United States’ draconian control of the Cuban economy.

After the Soviet Union began supplying Cuba with crude oil, Texaco, Esso, and British-Dutch Shell refused to refine Soviet oil for Cuba after pressure from the US government.

100% of Cuba’s oil refining capacity was controlled by these 3 corporations, meaning the US government and these corporations effectively held the Cuban economy at gunpoint. Fidel Castro responded to this by nationalising the assets of all 3 corporations.

Before Cuba's revolution, US financial interests owned 90% of Cuba’s mines, 80% of public utilities, 50% of railways, 40% of sugar production & 25% of bank deposits.

In the first 30 months after Fidel Castro and Cuba’s communists came to power, more classrooms were built in those 30 months than had been built in the previous 30 years. Within the first six months of Castro's government, 600 miles of road had been built across the island, while $300 million was spent on water and sanitation schemes.

Over 800 houses were constructed every month in the early years of the administration in a measure to cut homelessness, while nurseries and day-care centers were opened for children and other centers opened for the disabled and elderly.

With the arrival of the revolutionary government, Cuban healthcare was nationalised and expanded with heavy investment, bringing free healthcare access to millions.

Universal vaccination for childhood diseases was introduced, leading to infant mortality rates plummeting. Cuba's 'army of doctors' is now sent to crisis-hit countries around the world. Since 1963, more than 600,000 Cuban health workers have provided medical services in more than 160 countries.

Despite being under the illegal embargo imposed by the US, Cuba now has a higher life expectancy than the US, has more doctors per capita than the US, and is among the top 35 countries for lowest child mortality rates. Under Fidel Castro's rule, UNICEF declared severe child malnutrition to be eradicated.

Donald Trump’s looming war on Cuba is revenge for Cuban revolutionaries daring to break the US’ control of the island nation. Trump wants to return to the times when Cuba was effectively an American economic colony.

[Jimmy Dore @jimmy_dore]

Truly breathtaking taking what Megyn Kelly intentionally leaves out of her rant.

Kelly pretends the problem is some inherent flaw in Haitian “culture” or lack of “work ethic.”

In reality, the conditions forcing people to flee — extreme poverty, gang violence fueled by desperation, collapsed institutions — are the direct legacy of U.S.-backed coups, economic warfare, and neocolonial policies designed to keep Haiti weak, dependent, and a source of exploitable labor.

Direct U.S. interventions destroyed their ability to build a decent life at home.
Demanding they “go back” to the ruins those policies helped engineer is pure hypocrisy. The desperation isn’t innate — it was manufactured by the very powerful economic forces and U.S. government coups Kelly refuses to acknowledge.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

When Jean-Bertrand Aristide — Haiti’s first democratically elected president, backed by the poor and working masses — took office, his government immediately moved to double the minimum wage, mobilize the poor, bolster healthcare and education, foster neighborhood truces, and hold paramilitaries accountable.

These pro-worker steps threatened the sweatshop owners and foreign interests profiting from starvation wages.
The U.S. responded with economic sabotage and a violent coup.

A classified diplomatic cable obtained by The Grayzone reveals veteran CIA operative Janice L. Elmore (operating under State Department cover) meeting coup plotters and disloyal police in Gonaïves right before a strategic 2002 jailbreak that freed paramilitaries and set the 2004 overthrow in motion.

The Bush administration, through the U.S. government-funded International Republican Institute, trained and unified Aristide’s opponents, encouraged them to reject power-sharing, imposed crippling sanctions that froze loans and aid, and ultimately backed the coup that ousted Aristide on February 29, 2004.
Post-coup, the price of rice — the staple food for Haiti’s poor — more than doubled in months.

Looting, chaos, starvation risks, mass layoffs, and paramilitary violence followed. Regime change delivered exactly what the poor had feared: more misery.

This fits a longer pattern. Under Bill Clinton, the U.S. slashed tariffs on subsidized American rice, flooding Haiti and wiping out local rice farmers. Clinton himself later admitted: “It may have been good for some of my farmers in Arkansas, but it has not worked. It was a mistake.”

The result was the destruction of Haitian agriculture and forced dependence on low-wage factory jobs.

Wikileaks cables show U.S. officials and contractors for major American brands actively pressured Haitian governments against even modest minimum wage increases — opposing a rise from 24 cents to 61 cents an hour as supposedly not reflecting “economic reality.”

Aristide’s earlier wage hikes were sabotaged for the same reason: protecting cheap labor for U.S. corporate interests.

[pleistocene funk @pfunkmill]

@SecRubio Damn you’re a real cunt huh

[𝘊𝘰𝘳𝘳𝘪𝘯𝘦 @OopsGuess]

The New York Times accidentally revealed the moral bankruptcy of capitalism.

China is making breakthroughs in cancer drugs, clinical trials, biotech research, and life-saving medicines.

The first American reaction is not:
“How many patients can this save?”

It is:
“Will this threaten U.S. dominance?”
“Will American biotech lose its edge?”
“Will Big Pharma struggle to keep up?”

That tells you everything.

In a sane world, better cancer drugs would be a human victory.
In Washington’s world, even medicine becomes a battlefield the moment China helps people live.

China’s biotech rise is not just about winning.
It is about responsibility to a massive patient population that cannot wait for American monopolies, American prices, or American permission.

Cancer patients do not care about U.S. dominance.
They care about staying alive.

And that is exactly why China cannot leave this field to America.

[New Direction AFRICA @Its_ereko]

China became a superpower because of:

1. The 1949 revolution that ended foreign domination
2. Land reform that broke the old landlord class
3. Industrialization driven by Chinese planning, not foreign aid
4. Massive investment in education and healthcare in the 1950s-70s
5. Strategic opening on China's own terms post-1978

The US never "invested" in China to make it strong. American companies came to China to make themselves richer, not China powerful. Cheap labor. Weak environmental rules. Tax breaks. That was the deal.

China took those crumbs and built its own banks, its own supply chains, its own technology. Huawei. BYD. TSMC. High-speed rail. Beidou satellites. None of that came from US charity.

Meanwhile, look at countries that actually relied on US "investment" as the main strategy. The Philippines. Mexico. Egypt. Where are their superpower statuses?

The revolution created the foundation. Chinese discipline built the rest. The US was just an accidental landlord collecting rent until the tenant bought the building.

[pleistocene funk @pfunkmill]

@Imposter_Edits @HilzFuld He’s trying to fool Americans…Israelis know and they don’t care

[Technomancer @Technomancer69]

Maybe I need a tin foil hat because this angle of the Butler PA shooting is interesting 🤔

⚠️ Note the staffer at the bottom walking to the left to gather photographers and staging them up front

⚠️ Note the flag being lowered as Trump begins to stand up

[Glenn Diesen @Glenn_Diesen]

These people can commit horrific war crimes across the globe, yet still feel comfortable lecturing the world about international law and human rights

[pleistocene funk @pfunkmill]

@MailaMariaRosaa @Harold_2036 Cuba has democracy, and they have rights such as the right to healthcare—can’t say the same for the US. Life expectancy is higher in Cuba than in the US too, despite the cruel blockade

[pleistocene funk @pfunkmill]

@cabbage_content @Fomin_Alexs @Gryffix @Igi_POLCOM Civilian casualties are somewhere around 3% in the Ukraine war. They’re somewhere around 84% in Israel’s assault on Gaza because that’s what a genocide looks like

[pleistocene funk @pfunkmill]

@ArielSterman @dlLambo Israel brutally terrorized the civilian population of Beirut because they were mad about the ceasefire. It had nothing to do with Hezbollah, who are located far to the south of where Israel attacked. You know this, but you’re lying

[pleistocene funk @pfunkmill]

@Mike_from_PA @coryfromphilly What do you mean criminal activities?

[BreakThrough News @BTnewsroom]

Rubio: Imagine if Iran funded the well-being of its people, rather than its military

Trump, two days later: We can’t fund daycare or Medicaid, we need more money for our military