Most people assume (and argue very vehemently) that tech billionaires are either libertarians who hate government or progressive Silicon Valley tech bros. If you look at what Peter Thiel presented in the last night of his recent 4-part Antichrist lecture series in Nashville, his actual thesis is way more controversial and intense.

He views global cities as parasitic real estate cartels. Thiel argued that places like SF and NYC aren't centers of progress, but economic black holes that extract wealth through housing scarcity while intellectually and agentically sterilizing their populations.

He frames Pax Americana through political theology. Using biblical terms like the katechon/restrainer holding back apocalyptic chaos, he dismisses China, Russia, and the EU, arguing the US is the only state in human history with total military, financial, and cultural dominance.

He doesn't want to destroy the state. He wants to build parallel rails. Thiel argues that post-1945 centralization turned the imperial presidency into a stagnant administrative bureaucracy. Instead of abolishing the system, his goal is using decentralized technology and capital to bypass coastal regulators and build competing power bases.

If you're curious about what else was said during the lecture series, I addended in person and wrote extensively about each night.

Night 1: https://danielforresternash.substack.com/p/what-night-one-left-out

Night 2: https://danielforresternash.substack.com/p/the-counterfeit-church-and-the-epimethean

Night 3: https://danielforresternash.substack.com/p/the-physics-of-consolidation-velocity

Night 4: https://danielforresternash.substack.com/p/translatio-imperii-new-rome-at-the

Hi, I’d like to tell you about how AI industries really work.

I’m south korean and that means i know many knowledge about AI and semiconductor that is not visible from America

I felt need for organize people against damn wall street, so i'm writing this post.

Erase circular financing from your brain. That is not what is really happening.

Current AI scam is run by accounts receivable.

1. Anthropic buys semiconductors and AI computing on credit, without paying money. It is called accounts payable. (Give accounts payable = receive accounts receivable.)

Accounts receivable is credit, but it is instantly added into the revenue. ( Because in accurual method of accounting, every credit is basically expected to be paid. It’s a capitalism magic.)

*It's accurual method of accounting, not cash method. pls read this.
https://ambrook.com/education/ar-ap/accounts-receivable

1. But Anthropic doesn’t pay those accounts receivable (credit). Instead, they offer semiconductor companies (Samsung,Hynx, Micron) and hyperscalers (Google, Nvidia) to convert them into stakes (CB, RSPS, BW) of their company.

2. Semiconductor companies and hyperscalers have no choice but to convert them, because Anthropic doesn’t have money. If they don’t convert them, Accounts receivable which were once added into the revenue in past quarters will be subtracted from their current revenue.

(Bad debt write-off)

1. So, all the credit that semiconductor companies and hyperscalers received from Anthropic are converted into shares of Anthropic, and if you buy stocks of Anthropic, you are paying all the semiconductors and AI computing that Anthropic bought on credit. / Samsung, Hynix, Micron, Nvidia ,Google sold to Anthropic on credit.

And Samsung, hynix, micron, google, microsoft, amazon can make a new start, Tossing all their credit to retail investors.

This trick is possible because Accounts receivable can be paid by other things instead of the money.

[ I have a question, are AI tokens can be also used to pay accounts receivable / credit ? ]

->YES

That token maxing thing was also conducted to remove accounts receivable from the accounting.

-Why the media made you to believe that the current situation is circular financing? (What is the difference from circular financing?)-

Because they want to hide the fact that “you” (investors of anthropic) will actually pay all the semiconductors and AI computing that Anthropic bought on credit.

You don’t want to buy stocks of Anthropic after you heard that they were originally credits of Anthropic right?

It looks like Circular financing because acquisuition of the stake and purchase of semiconductors occur at the same time. And it will keep happening, so the media needed to preemptively suggest the explanation for this, before somebody starts to find what is happening.

The difference between circular financing is, circular financing is anyway the money actually exists. Anthropic, open AI, or hyperscalers have the money, and they pay to them. Whether semiconductor companies re- invest money to them or not, but there’s acutally money.

But this, accounts receivable trick is just making money from no where.

By spamming accounts receivable and offer(=force) semiconductor companies and hyperscalers to convert them into their shares or AI token, they can use their stocks like the real money.

But the value of the share of Anthropic is decided by venture capitals (investment round) Which means venture capitals can make the money like the FED, by just re- value Anthropic.

They can make money. What they need to do is just re calculate the value of Anthropic.

By doing that, they can erase more accounts receivable.

This is why Valuation of Anthropic is going crazy. They don’t expect they can hold that valuation at all. It’s only about the accounting. Because they need to erase more and more account receivables with the 1% of the stake of Anthropic over time. The valuation of Anthropic decides “how much credits can be removed from the accounting”, and also maintain the revenue of companies who receive stakes of Anthropic

By remove accounts receivable, those companies can receive more accounts receivable. Even though Samsung, Hynix, Micron, Nvidia keep removing their accounts receivable from their accounting, still their A/R are keep rising.

What Samsung, Hynix, Micron, Nvidia, Google will get?

They can “forge” their revenue. Receiving trillions of accounts receivable, then convert them into the stake or AI tokens.

1.increase revenue by spamming accounts receivable (credit)

2.convert (burn) it into the stake of Anthropic, or AI tokens.

By doing this, They can keep raise their revenue.

Although they are not actually paid, (and they borrow money from banks) but at least they can avoid the responsiblities for messed up their companies.

In addition, If you recognize current situation as circular financing, you will focus on the debt, Believing that those money are the size of that moneys for buying semiconductors.

But actually, purchase of semiconductor is mostly paid by Accounts receivable, which means actual bubble is way bigger.

*+ account receivable can be traded. Which means other companies or banks can acquire that accounts receivable. It is not visible on the accounting. which means your saving is already not safe.

Manipulate revenue with accounts receivable -2-

There’s one more funny thing. As I told, accounts receivable can be also paid with AI tokens/ AI subscription (B2B)

And those AI tokens will be calculated as the revenue of Anthropic.

Buy semiconductors and AI computing on credit, then pay them with AI tokens instead of money, but that is also calculated as the revenue ? It sounds really dumb, but somewhat makes sense.

Anthropic had to pay those A/R, but paid them by AI Tokens instead.

They don’t need to pay the money that they originally had to pay, so maybe that can be considered as Anthropic earned money.

Anyway, paying Account payable with AI tokens is also calculated as the revenue.

while Anthropic didn’t spend the money, buy semiconductors on credit, made AI with that, then pays that credit with AI tokens, but still those AI tokens are added in to the revenue. which costs nothing to Anthropic.
Just infinite cycle of Continuous creation of revenue, as far as partner companies agree to get their A/R paid to AI tokens.

pls spread this information to other people as much as you can. if you liked.

*Some comments are keep spamming that it's normal IPO.

No, converting A\P into the share of the company is not a normal practice of IPO. The reason they spam A/P is because their debt already reached it's limit. Debt means Anthropic anyway got funded the actual money from somebody. Spamming A\P doesn't need actual money. They are obviously different. It's not a normal practice of IPO