BourbonTherapy
29.6K posts

BourbonTherapy
@WDNation
Get Rich or Die Tryin. Crypto/Stonks/Investor. O, can’t forget my Bourbon!
Katılım Ağustos 2011
327 Takip Edilen392 Takipçiler

@JayTC53 Screw that, I’d put my foot to the medal and haul ass if it was me.
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@SaycheeseDGTL Easy, league is crowning Wimby as their new money maker reeling in more France tv commercial deals for the next 15+ yrs. Imagine making more BILLIONS on top of the American market. It’s too hard not to crown Wimby as the future superstar. Spurs in 5 drag to 7 if $ coming in hard.
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@Sleeper_Hoops @SleeperThunder OKC is at best a Play-in team if refs didn’t help them out with all those whistles.
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@Hero_OfThe_Day Bro this SGA fugger is no different from every other bench player in this league skill wise. Nothing special about him other than his flop super power. Ja Morant would eat his breakfast lunch dinner and pound his girlfriend getting her pregnant leaving SGA happy raising Ja kids.
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@sohali2012 That expression from Caitlin told me she was pissed and said to go ahead and take her out then because she’s pissed and fed up.
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@draloneboy Why did you leave out the part where Lutnick said “If you produced it in America”? You can’t build bananas in America but you can produce it.
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@JoelXLorenzi OKC is a done. The league found a new toy that can make them more money. Plus everyone is now onto the flops which will hurt the owners pockets from fans not tuning into watching OKC next season. Watch how this team will not get that girly whistles from here in out.
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Alex Caruso, asked if the Spurs feel like a problem that needs to be solved: “There’s nothing that needs to be solved. We could’ve won the game tonight. You would’ve been asking them the same thing. I don’t think there’s this narrative that this is a bugaboo. We should’ve played better and won the game and been in the NBA Finals. They’re a good team, they’re young. (We’ll) both probably be around for a while. But we’ve gotta get better and try and win next time.”
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@giveashitnature I’m going to have to eat more oysters to help our coastal cities.🫡
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Coastal cities are replacing concrete seawalls with oyster reefs. The oysters are better at the job.
Seawalls start degrading the day they're installed. Waves chew them up, storms crack them, and the repairs never stop.
An oyster reef, on the other hand, doesn't break down. It actually grows. The oysters stack, reproduce, and fuse into living rock that gets stronger every year. A mature reef can cut incoming wave height by up to 83%, trap sediment, rebuild the shoreline behind it, and shelter fish, crabs, and shrimp while it does the work.
A hectare of reef provides up to $85,000 a year in shoreline protection. Concrete costs over a million dollars a hectare to build and only weakens.
Once again, working with nature instead of against it is the answer.


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@fearedlaker Not worth my time to even thinking about this bench player who’s been made by the league.
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@BullTheoryio 🤣🤣🤣 just because this dude was right once doesn’t mean he’s some fugging guru.
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🚨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.



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Michael Carr, long time Promethean author on Amercan System Economics, demonstrates why Promethean Action is always a step ahead.
Michael Carr@StarshipMike
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