ECP NetHappenings Naked Short Sellers Are Criminals

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arrest Billionaire Les Wexner, founder of Victoria’s Secret, is now unredacted and listed as a co-conspirator.
He gave Epstein power of attorney and a Manhattan mansion.
Redactions had been protecting him.

The FBI said it destroyed evidence from the Palm Beach raid to save storage space. The case was still open. No trial had occurred. Federal law requires preserving evidence in ongoing cases.

NAKED SHORT SELLERS ARE CRIMINALS

“SHORT SQUEEZES AE THE WAY THE MARKET DISCIPLINES BAD BEHAVIOR”
Stephanie @stephmase22
NAKED SHORT SELLERS ARE CRIMINALS BUT SEC PROTECTS THEM
SEC doesn’t want to create Short Squeezes.
But they don’t want to stop the ability for Short Sellers to Naked Short companies entire floats.
Truth is if the SEC actually did their job there wouldn’t be a risk of a short squeezes.
Illegal Naked Short Selling creates counterfeit shares that can’t be delivered because they don’t exist.

TRADE SETTLEMENT
SHOULD BE MANDATORY

BYTES

Actor Matt McConaughey
“If Kamala Harris had become president of the U.S., Trump would be in prison, the Straits of Hormuz would be open, Ukraine would be victorious, gas would be under $3 a gallon, and the U.S. would STILL be respected and supported around the world!”

Another criminal pardoned by Donald Trump! They can lie, steal, cheat, and get pardoned. While you get 0 breaks as a working class American… have you had enough yet?
Trump Pardons Joseph Schwartz, Nursing Home Executive Convicted of Stealing $38 Million from Workers Across 11 States
Joseph Schwartz, a nursing home executive, was pardoned by President Trump after serving three months in prison for stealing $38 million from workers’ paychecks, healthcare funds, retirement accounts, and life savings across 11 states.

Samuel Alito Quoted Fake Data in His Ruling Gutting Voting Rights Act
https://newrepublic.com/post/210174/samuel-alito-bad-data-ruling-voting-rights-act
Justice Alito’s opinion noted Black voter turnout now matches or exceeds whites in recent elections, a point disputed by advocates who say adjusted data shows gaps. Alito cited data provided by the Department of Justice that used faulty methodology.

Lying in a legal briefing would get you disbarred as a regular lawyer. But when you’re an unelected, lifetime appointee with powers to write decisions that completely undo & remake the Constitution, the decision gets to stand & you get to keep your lifetime position. Outrageous. How come only one political party owns virtually every seat election after election even before the illegal gerrymandering? What is that foul smell? Our once proud #SCOTUS has lost any and all integrity it once had, and it’s because of the Heritage Foundation judges. Bought and paid for to do their bidding.

Alito’s brain is scrambled… just like every @FoxNews viewer.
They literally have no clue what *actually is happening. Their entire worldview is warped by 35 yrs of deliberate propaganda.
It’s one thing if your crazy uncle is ‘Fox-brained’… but 1 of 9 Scotus’s?…unacceptable.

Montana Court BLOCKS law reducing the window to register and vote in one trip to the polls on Election Day from thirteen hours to just five hours. Another victory for Elias Law Group, its clients and Montana voters.

GLORIA BOOOOOOOd off stage by the college graduates 
The VP of a private investment firm, Gloria Caulfield, speaking at UCF’s graduation: “The rise of artificial intelligence is the next industrial revolution.” The entire graduating class responded with loud boos highlighting the growing frustration with AI rapidly replacing jobs. The U.S. ruling class is so insulated from reality they cannot see the revolution that is brewing for a new way of life that prioritizes our people and our communities over profits.
https://x.com/ProudSocialist/status/2053855448541823088

DATA CENTERS ARE SURVEILLANCE CENTERS

THEY ARE BUILDING THESE IN FRONT OF YOUR EYES.

THEY WILL MONITOR YOUR SPEECH, AND BEHAVIOR, YOUR  PURCHASES, YOUR SOCIAL POSTS, ALL YOUR CHILDHOOD SCHOOL DATA, YOUR DRIVING BEHAVIOR, YOUR BANK ACCOUNTS, YOUR JOB HISTORY, IT WILL HARVEST YOUR BIOMETRICS,  THIS WILL CREATE YOUR ENTIRE DIGITAL PROFILE FOR THE REST OF YOUR LIVES.

The QTS data center campus in Fayetteville, about 20 miles south of Atlanta. Residents started complaining about low water pressure, which led to the discovery of two unmetered industrial water hookups—one installed without the utility knowing, the other not billed. The facility had used nearly 30 million gallons of water without paying, owing about $147,000 in retroactive charges. The county billed them but didn’t fine them, calling QTS their biggest customer and a partner. The story only came out after a resident got the letter through a public records request.

ESSAY

Ricardo @Ric_RTP
https://x.com/Ric_RTP/status/2053842000705696026″

Big Tech is destroying American farmland to build $700 BILLION data centers filled with chips that will be worthless within 3 years.

They’re literally lying to you about what the math actually looks like:

Nvidia releases a new chip architecture every two years and now ships upgrades annually within each generation. Every release makes the previous generation economically dead for cutting-edge AI.

Jensen Huang literally said it on stage: “When Blackwell starts shipping in volume, you couldn’t give Hoppers away.”

The next generation, Vera Rubin, ships later this year.

10x the performance per watt. 10x cheaper inference.

A Princeton study found that GPUs running standard AI workloads physically survive one to two years, three at most, before thermal stress destroys them.

So the chips die fast and become obsolete even faster.

But here’s the accounting trick that makes the whole thing look profitable:

Microsoft, Google, Meta, and Amazon are depreciating these chips over 5 to 6 years on their books. They used to use 3 years but they extended the schedule right as AI spending exploded.

Meta alone extended its depreciation timeline 3 separate times in 3 years, each extension conveniently boosting quarterly earnings by billions.

If you depreciate a chip over 6 years but it becomes worthless in two, your reported profits are FAKE.

You’re spreading the cost over years where the asset generates zero value. Your earnings look incredible on paper while the actual hardware sits in a rack burning electricity for no economic reason.

Michael Burry ran the numbers on this:

He estimates that from 2026 to 2028, depreciation across the hyperscalers will be understated by $176 billion. That means these companies are overstating profits by over 20%.

He put 79% of his final portfolio into bets AGAINST Nvidia and Palantir before shutting down his fund entirely.

Now here’s where it gets criminal…

These data centers need to go somewhere. And Big Tech is shoving them into rural communities that have ZERO power to fight back.

67% of new data centers are being built outside cities on farmland and in small towns. Trump signed an executive order streamlining permitting for any project over $500 million, which effectively lets developers bypass local opposition entirely.

A Michigan farm town just found out what that looks like in practice:

Saline Township voted NO to a $16 billion OpenAI-Oracle data center. The board rejected it 4-1.

But two days later, the developer sued. And the developer is Related Digital, founded by billionaire Stephen Ross, and one of its vice presidents is married to Michigan’s Secretary of State who is now running for governor.

The township couldn’t afford a legal war against OpenAI, Oracle, and SoftBank. So they settled – and construction started immediately.

Over 100 communities across 12 states have tried to block data center builds this year. Electricity rates are up 32% in 5 years. And every few years the entire computing infrastructure inside these buildings gets ripped out and replaced with the next generation, consuming more power, more water, and more of the local grid each cycle.

The buildings are permanent, the disruption is permanent, but the chips are disposable.

These towns are not hosting infrastructure. They’re just absorbing the physical consequences of a financial model that needs permanent construction and permanent replacement to keep quarterly earnings looking right.

The executives will simply move on and throw away the chips.

But the damage will stay.

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