Damus
captjack πŸ΄β€β˜ οΈβœ¨πŸ’œ profile picture
captjack πŸ΄β€β˜ οΈβœ¨πŸ’œ
@captjack πŸ΄β€β˜ οΈβœ¨πŸ’œ
Alphabet, Microsoft, Amazon, Meta, and Oracle have $1.65 trillion in debt that doesn't appear on their balance sheets, more than the $1.35 trillion they officially report. These are GPU contracts, data center leases, and joint ventures that don't count as debt under accounting rules until the facilities go live. Meta's hidden debt is $420 billion, triple its reported debt. Oracle's grew 30-fold in four years.
summary 🫡 if u paying for tokens on those centralized censored AI all it means YOU little user fellow are BAILING out jews of wall st and their bets. use open source free local models only.
42❀️3πŸ€™1🩡1
captjack πŸ΄β€β˜ οΈβœ¨πŸ’œ · 8w
BIS already flagged as "shadow borrowing" back in March. These companies owe more off their balance sheets than on them, and the accounting rules let them keep it that way until the data centers go live. That's legal, but it means investors looking at quarterly earnings this week are seeing less tha...
captjack πŸ΄β€β˜ οΈβœ¨πŸ’œ · 8w
shadow banking shadow borrowing
Tehani Bentley · 8w
Isn’t that how factual reserve banking working though?
Dan⚑️ · 8w
https://i.imgur.com/AvWncI4.gif