08-11-26 savo
happening again
Incredible. Jensen is completing the circle.
- Bankers don’t like GPUs as collateral because the depreciation is unpredictable
- It’s unpredictable because a new GPU can obsolete an old one
- Jensen knows his own roadmap
- so he’s offering depreciation insurance to the banks
- the depreciation insurance (up to 25%) helps the banks get marginal deals over the line
Speculation
- Nvidia will also advise the banks on “reference designs” for datacenters that will make them fungible
- Having them be fungible means that the debt can repackaged into Asset Backed Securities, Collateralized Loan Obligations and Collateralized Debt Obligation (ABS, CLOs and CDOs from 2008 haha)
- This allows tranching to get investment grade ratings on the debt so that it can be resold to pension funds and insurance firms
- It also allows the banks to trade idiosyncratic project specific credit risk for sector wide credit risk
So Jensen is trying to get his customers the same cost of financing as real estate rather than venture equity.
This is going to move the data center game out of the VCs and into the big leagues.
https://x.com/8teAPi/status/2086983723913023836 |
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08-11-26 savo
The EU is preparing to print money to prevent others from dumping their bonds.
The ECB is expanding its repo facility for foreign central banks.
Instead of selling their EU bonds when they need liquidity, they can pledge them as collateral and receive freshly printed EUR.
Just what Bessent is planning for Japan...
It's not just the US bond market that's blowing up... It's almost the entire developed world.
The EU and Japan were the poster children for NIRP... negative interest rate policy.
Now rates have surged from negative territory to multi-decade highs...
Their bonds are getting hammered.
Meanwhile, most EU member states are running deficits... They can't afford higher rates.
The path to YCC across the developed world becomes more obvious by the day.
We all don't own enough gold.
https://x.com/ekwufinance/status/2087169196706730488 |
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08-11-26 carib
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08-11-26 victor
Un tribunal sirio condena por ausencia a muerte a Bashar al Assad por crímenes de lesa humanidad
Es la primera sentencia contra el dictador, que huyó a Rusia en diciembre de 2024, tras el levantamiento de las fuerzas rebeldes que provocó la caída del régimen |
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08-11-26 victor
carib..
As of August 2026, Strategy (formerly MicroStrategy) owns approximately 840,447 to 843,775 BTC, representing over 4% of the total Bitcoin supply.
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As of August 2026, approximately 20 million Bitcoins have been minted, representing roughly 95% of the total fixed supply of 21 million. |
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08-11-26 carib
| What % of total mined bitcoins does Saylor own? |
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08-11-26 savo
victor..
of course one can always sell assets to build cash.
The problem comes when assets were bought with debt and are sold below purchase price. The second problem is when one sells common stock below net asset value.
Companies usually pay interest and dividend with income and sell assets to pay debt.
Saylor is selling assets below purchase price and common stock below net asset value to pay interest and dividends not to repay debt.
I do not know what those analysts that you mention are analyzing...
unless I am missing something... after a while selling assets below purchase price to pay dividends and interest or selling common below net asset value to pay dividends and interest, Saylor will run out of assets to sell or buyers of common. |
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08-11-26 victor
savo,
Strategy (formerly MicroStrategy) has significantly expanded its U.S. dollar cash reserves to $3.75 billion as of late July 2026, following a $544.5 million capital raise through common stock sales.
This liquidity buffer is strategically allocated to cover approximately 2.1 years of preferred stock dividend payments and interest obligations, ensuring financial stability without liquidating its 843,775 Bitcoin holdings. The company has paused Bitcoin purchases to prioritize this balance sheet repair, a move that analysts view as a disciplined approach to managing debt and supporting its long-term crypto treasury strategy.
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08-11-26 savo
ample cash reserves
i do not know what that means Victor for a company that has practically no earnings... no income, its only source of cash is selling its assets or common stock and has a mountain of debt and prefs on which they have to pay interest.
I would like to know how much of those ample reserves are "net" after current liabilities. |
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08-11-26 carib
the future of the renminbi?
https://www.ft.com/content/5fbd8dad-7e3d-418b-91dc-b61af9436ca6 |
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08-11-26 victor
savo, because of Stretch
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it was reported that saylor has ample cash reserves. |
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08-10-26 savo
joke of a president...
Trump turns demand on Tehran
Trump said Iran's request for compensation prompted the United States to adopt its own position ahead of future talks.
"I now am likewise demanding compensation from Iran," Trump wrote.
He said the demand would cover Americans killed and injured in roadside bomb attacks, victims of conflicts he attributed to Iran and Gen Qassem Soleimani, the families of those killed in the 2000 USS Cole bombing, and what he described as hundreds of thousands of Iranian protesters killed over the past five decades.
Trump also referenced the deaths of 52,000 people during the recent conflict, saying he had instructed US representatives to make compensation a formal part of "any, and all, future negotiations."
The post marked the first time Trump publicly said reparations would become an official US negotiating position. |
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08-10-26 savo
because of Stretch... he has to pay 11% coupon and maintain the market price at 100% increasing the coupon if the price falls.
It is a con scheme and he a con artist. |
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08-10-26 victor
savo, interesting. what surprises me most is why would he sell so much when the price is not high??
a different story would: btc making new highs, sell and make a tidy profit. this would be understandable.
but this is not the case. how come??
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08-10-26 savo
victor...
Strategy plans to sell up to $5 billion of its Bitcoin holdings to fund dividends and stock buybacks, marking a significant shift from its previous "never sell" approach.
Saylosr lost his remaining sanity...
first he tried to sell BTCs... as BTCs collapsed.. he started selling common... as common collapsed and now trade below NAV... he goes back to selling BTC...
this merry round will end this useless company... and hopefully bring saylor to jail.
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08-10-26 carib
ft
UK regulators are preparing a framework for tokenised gold as part of plans to encourage the digitisation of financial markets and to protect the dominance of London in global bullion trading.
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08-10-26 spal
| Savo if you believe that I hope it is merely some sort of confused coincidence of circumstances for you. |
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08-10-26 spal
israel's bidding.
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A conspiracy theory one that repeats through history unfortunately for my Jewish friends of which I believe I have many.
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08-10-26 savo
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08-10-26 savo
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08-10-26 savo
spal... you are confuse
I lover the country and its people... i regret though to see the country run by an association of mass murderers, thieves and crooks.
I have no opinion about China... never been there... never will... I like though that they do not start wars every year do not mess into other countries affairs and do not do Israel's. |
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08-10-26 carib
Spal: that is obvious.
My point is I would prefer a USA run by sane people, with globally valid values, seeking cooperation more than isolation or imposition by force.
This is still ultimately a choice to be made by US elites and voters. |
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08-10-26 spal
... when things are going well a cold, rational, non-messianic commercial power extracting value from global trade is tres cool beans. Many likes are given here. Probably 9 very nices out of 10.
Under stress a closed, hierarchical Leninist state demands total submission, suppresses internal critique, and prioritizes control over truth.
We know enough to know this to be true. |
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08-10-26 spal
| a state's internal governance model inevitably sets the upper limit on its external performance. ... But I can see how you like the way they move it and shake it with the dictators of the world. The banality of immorality is good for biz - short term. |
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08-10-26 spal
| Carib - if you say so. It sounds so perfect. |
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08-10-26 carib
SPAL: I would say.. China is run by sane people, as far as we can see.They no longer have "values", besides self interest of the country, and no "exportable" ideology.
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08-10-26 spal
| Savo at core China is run by fanatical bureaucrats - that is its core. You can love it all you like, but in essence you will forever have to kiss their asses. Now that may be the taste of some and many will enjoy it ... but you can count me out. |
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08-10-26 spal
Fuck China.
;)
Good morning Colores ... |
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08-10-26 spal
China’s state strategy isn't a contradiction; it is a trade-off.
The state being in charge allows China to capture standards bodies and dominate industrial deployment by sheer force of scale. But that same state control restricts the intellectual friction, capital fluidity, and decentralized risk-taking necessary to invent the very foundational technologies it is trying to standardize. |
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08-10-26 spal
| He treats his audience as morons ... which by and large is actually a reasonable assumption. |
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08-10-26 spal
The empirical data demonstrates why China’s efforts are neither "fading" nor producing pure frontier dominance:
The Volume/Standards Reality: China now accounts for nearly 47% of global patent filings and dominates raw 5G Standard Essential Patent (SEP) declarations. This gives China massive regulatory and licensing leverage globally.
The Quality/Frontier Gap: Network science analyses of global citation networks reveal that while China leads in raw counts, the U.S. maintains significant superiority in mean patent importance and citation centrality across key frontier domains—semiconductors, biotech, AI architectures, and advanced software.
Asymmetric Dependence: Even in cutting-edge fields like Chinese AI development, global citation studies show that Chinese frontier AI models still rely disproportionately on U.S. foundational research and base-model architectures, whereas U.S. reliance on Chinese foundational IP is significantly lower. |
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08-10-26 spal
| Honestly someone needs to call Jensen on his hokey little act. I think he is a devious little prick, but that is my default setting ... |
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08-10-26 Merlino
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08-10-26 spal
not looking good for the US
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In a very large sense it is propaganda for Jensen. He wants something. |
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08-10-26 Merlino
not looking good for the US
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But....but...we (USA) have the S&P and the UST mkt and they don’t |
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08-10-26 savo
not looking good for the US
https://www.youtube.com/shorts/ihfSGmnNIzU |
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