Parth Kulkarni 𑀧𑀸𑀭𑁆𑀣

Failed nation - when your tax money is used to redevelop slums when you slog hours to pay 30% tax to Govt

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.

Horrifying visuals from the massive fire at Flourish Stay B&B in Malviya Nagar, Delhi, today. Nearly two dozen people killed, mostly foreigners. Authorities say the death toll could rise. The victims are mostly patients at nearby Max hospital. The illegal structure had 24 rooms against the sanctioned 6. Moreover, none of the rooms had any form of ventilation. Locals were the first responders. The Saket building collapse is still quite fresh on our minds. And now this. Karol Bagh. Mukherjee Nagar. Laxmi Nagar. Many such congested places in Delhi are nothing but ticking time-bombs.

Rajesh Exports 🤣

CBSE fiasco in nut shell - All of a sudden this year, few months before exam, CBSE decides to change the exam paper evaluation pattern. Earlier answer sheets were evaluated by teachers at valuation centres. This time CBSE introduced OSM (On Screen Marking). What is OSM ? All the answer sheets will be scanned and teachers will evaluate the scanned papers on screen. Why scan the answer sheets? Now we know this unwanted scanning contract was given to Coempt for Rs.390 crore ... Why such a wastage of money for scanning 18 lakh students answer sheets ... Who brought this bogus idea of scanning? 😎

"You're f****** crazy. You'd be in prison if it weren't for me. I'm saving your a***. Everybody hates you now. Everybody hates Israel because of this." That's what a U.S. official tells Axios President Trump unloaded on Israeli Prime Minister Benjamin Netanyahu during a heated phone call over Israel's military actions in Lebanon. Trump was reportedly furious that Israel's moves risked blowing up U.S. diplomatic efforts in the region, at one point also asking Netanyahu: "What the f*** are you doing?"

736 men arrived in Germany in 2006. Only 4 remain in 2026.