Better Offline - 独白:澳大利亚最可疑的AI IPO是一匹苍白之马 封面

独白:澳大利亚最可疑的AI IPO是一匹苍白之马

Monologue: Australia's Dodgiest AI IPO Is A Pale Horse

本集简介

在本周的《Better Offline》独白中,Ed Zitron 探讨了澳大利亚 AI 数据中心公司 Firmus IPO 的脆弱状态、其可疑的基础数据,以及澳大利亚媒体如何为报道 AI 公司树立了典范。 注意:本文在付印前不久,该 IPO 已正式推迟。但内容依然精彩。 通讯订阅:信用紧缩:https://www.wheresyoured.at/credit-crunch/ https://www.afr.com/technology/firmus-blockbuster-ipo-finds-itself-in-a-36-hour-spiral-of-doom-20261008-p613ul https://www.afr.com/markets/equity-markets/hedge-fund-uncovers-30-red-flags-against-firmus-20261008-p613t7 订阅我的高级通讯订阅一年可节省 10 美元:https://edzitronswheresyouredatghostio.outpost.pub/public/promo-subscription/gzqwkv54e1 现在可以购买 Better Offline 周边商品!访问 https://cottonbureau.com/people/better-offline 并使用代码 FREE99,订单满 99 美元即可免运费。 --- 链接:https://www.tinyurl.com/betterofflinelinks 通讯订阅:https://www.wheresyoured.at/ Reddit:https://www.reddit.com/r/BetterOffline/ Discord:chat.wheresyoured.at Ed 的社交媒体账号: https://twitter.com/edzitron https://www.instagram.com/edzitron https://bsky.app/profile/edzitron.com https://www.threads.net/@edzitron 给我发邮件:ez@betteroffline.com 请访问 omnystudio.com/listener 查看隐私信息。

双语字幕

仅展示文本字幕,不包含中文音频;想边听边看,请使用 Bayt 播客 App。

Speaker 0

这是iHeart播客。

This is an iHeart podcast.

Speaker 0

保证真人。

Guaranteed human.

Speaker 1

丽莎,跟他们说说我们的新节目。

Lisa, tell them about our new show.

Speaker 2

我们有个新播客。

We have a new podcast.

Speaker 2

名字叫《别骗我》。

It's called don't lie to me.

Speaker 1

我是莱克西·伊瓦努。

I'm Lexi Iwanu.

Speaker 1

我们是最好的朋友,相差二十二岁,但非常亲密。

We're two best friends, twenty two years apart, but so close

Speaker 2

心灵上很亲近。

at heart.

Speaker 2

我是Lisa DiGiulio,年纪大的那个,这意味着我们的成长背景完全不同,有时候观点也不一样。

And I'm Lisa DiGiulio, the old one, which means we have wildly different references, occasionally different opinions.

Speaker 2

到了我这个五十多岁的年纪,什么都经历过了。

And at this point in my fifties, I've lived it all.

Speaker 2

而我三十多岁,作为

Now in my thirties, being the

Speaker 1

New Shoes的创始人,好品味就是我的事业。

founder of new shoes, good taste is my business.

Speaker 2

请在iHeartRadio应用、Apple Podcasts或任何你收听播客的地方收听。

Listen on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

Speaker 3

我是Melissa Jeltsin,《她怎么了》播客的主持人。

I'm Melissa Jeltsin, host of the What Happened to Her podcast.

Speaker 3

我们这一季的开篇是Sandra Burchmore的故事,一个被警方认定为暴风雪中自杀的案件。

We're kicking off the season with the Sandra Burchmore story, a case the police wrote off as a suicide in a snowstorm.

Speaker 3

她的家人一直不相信,而他们怀疑的那个人是个警察。

Her family never bought it, and the man they suspected wore a badge.

Speaker 4

你永远不知道那个魔鬼是谁,因为他穿着

You never know who that devil is because he's wearing

Speaker 5

伪装。

a disguise.

Speaker 5

有时候是警服。

Sometimes it's a police uniform.

Speaker 3

通过iHeart真实犯罪Plus订阅,你可以在Apple Podcasts上独家收听所有剧集,完全无广告。

And you can get access to all episodes 100% ad free with an iHeart true crime plus subscription exclusively on Apple Podcasts.

Speaker 3

仅限iHeart真实犯罪Plus订阅用户。

Available only to iHeart true crime plus subscribers.

Speaker 3

所以别等了。

So don't wait.

Speaker 3

前往Apple Podcasts,搜索iHeart真实犯罪Plus,今天就订阅吧。

Head to Apple Podcasts, search for iHeart true crime plus, and subscribe today.

Speaker 6

我是Lacey Mosley,作家、演员、脱口秀喜剧演员、创作者,也是Scam Goddess播客的主持人。

I'm Lacey Mosley, author, actor, stand up comedian, creator, and host of scam goddess podcast.

Speaker 7

这是一个关于抢劫、诈骗的真实犯罪喜剧播客,

The true crime comedy podcast all about robbery, fraud,

Speaker 8

以及那些干这些事的人。

and those who practice it.

Speaker 8

每周,我都会请来一位很棒的嘉宾。

Each week, I bring on an amazing guest.

Speaker 9

哦,我骗他们。

Oh, I scam them.

Speaker 10

什么?

What?

Speaker 10

我可以跟你聊一个小时。

I could talk to you for an hour.

Speaker 11

你跟我一样,是个天生的话痨。

You're a generational yapper like me.

Speaker 12

所以我才把聊天变成了工作。

That's why I had to make yapping a job.

Speaker 13

现在你可以在YouTube上观看我节目的完整剧集了。

And now you can catch full episodes of my show on YouTube.

Speaker 14

开始收听《骗子女神》吧,

Start listening to scam goddess on

Speaker 15

在iHeartRadio应用、Apple Podcasts或者任何

the iHeartRadio app, Apple Podcasts, or wherever

Speaker 16

你收听播客的地方都可以。

you get your podcasts.

Speaker 16

有

There

Speaker 17

成千上万的播客可以教你如何提升自己。

are thousands of podcasts that can tell you how to better yourself.

Speaker 18

《和凯尔·布鲁一起变差》可不是

Get Worse With Kyle Bru is not

Speaker 19

那种播客。

one of those podcasts.

Speaker 19

所以如果

So if

Speaker 17

你想变瘦、去做心理治疗、开始用肽类、设定界限、吃补品、让自己变得更好、得到释怀,那我真心建议你去听别的播客。

you're interested in getting thinner, going to therapy, starting peptides, setting boundaries, taking supplements, making you're better, getting closure, then I would humbly recommend other podcasts.

Speaker 17

如果你对敲诈勒索、爱情轰炸、克隆自己或者复仇感兴趣,那我们这儿还真有点东西,适合你这种坏心眼的人。

If you're interested in blackmail, love bombing, cloning yourself, or getting revenge, then we've got a little something something for a dastardly individual like you.

Speaker 20

收听《和凯尔·普鲁一起变得更糟》

Listen to get worse with Kyle Pru

Speaker 21

在iHeartRadio应用、Apple Podcasts或者任何你收听播客的地方。

on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

Speaker 22

没赶上最新的《罗兰·马丁无删减》播客?

Didn't catch the latest Roland Martin unfiltered podcast?

Speaker 23

下面是你错过的内容。

Here's what you missed.

Speaker 24

人们醒来后会说,哦,天哪。

People wake up and go, oh, damn.

Speaker 24

等等。

Wait.

Speaker 24

等一下。

Hold up.

Speaker 25

他们把那些都改了吗?

They changed all of that?

Speaker 25

是的。

Yes.

Speaker 25

是真的。

It's real.

Speaker 26

这是一次全面的攻击。

This is a wholesale attack.

Speaker 24

它针对的是黑人和所有联邦机构。

It is targeting black people and every federal agency.

Speaker 24

这很直接。

It's raw.

Speaker 24

白人从来不允许那种清算持续超过十年。

White folks have never allowed that reckoning to last more than a decade.

Speaker 23

收听罗兰·马丁在黑人信息网络上的每日评论。

Catch Roland Martin's daily commentary on the Black Information Network.

Speaker 22

并下载罗兰·马丁无删减版,

And download Roland Martin unfiltered

Speaker 27

在iHeartRadio应用、Apple播客上,

on the iHeartRadio app, Apple Podcasts,

Speaker 23

或者任何你收听播客的地方。

or wherever you get your podcasts.

Speaker 1

拨打Zone Media。

Call Zone Media.

Speaker 28

你好,欢迎收听本周的《Better Offline》独白。

Hello, welcome to this week's Better Offline monologue.

Speaker 28

我是主持人,艾德·齐特龙。

I'm your host, Ed Zitron.

Speaker 23

《Better Offline》。

Better Offline.

Speaker 28

在千里之外的澳大利亚那个奇怪的世界里,出现了一匹黑马,那就是Firmus,一家由英伟达支持的AI数据中心公司,年收入只有5000万美元,它正在,或者说曾经试图,通过IPO筹集大约55亿美元,这本来会是,我觉得,澳大利亚历史上第二大IPO。

Thousands of miles away in the strange world of Australia, a pale horse has emerged in the form of Firmus, an NVIDIA backed AI data center company with a whole $50,000,000 in revenue that is, or perhaps was, trying to raise about $5,500,000,000 in its IPO, which would have been, I think, the second largest in the history of the country.

Speaker 28

一开始,Firmus看起来像是另一个澳大利亚版的Core Weave,另一个通过举债购买英伟达GPU的工具,背后有来自黑石和Coatue的100亿美元贷款,还有和一家叫CDC的数据中心巨头合作,计划在曾经被称为“南门项目”的地方建设价值730亿美元的数据中心容量,计划在今年四月建成该国最大的数据中心。

At first, Firmus seemed like it would be another Australian Core Weave, another vehicle to raise debt to buy NVIDIA GPUs backed by a $10,000,000,000 loan from Blackstone and Coatue, and a plan with the data center magnet called CDC to build $73,000,000,000 worth of capacity in what was once called project Southgate with plans to build the country's largest data center by April of this year.

Speaker 28

随便猜猜,押点钱。

Just any guesses, you know, put down some money.

Speaker 28

你觉得那有多可能?

How likely do you think that was?

Speaker 28

你觉得,你觉得它实现了吗?

Do you think do you think it happened?

Speaker 28

你觉得它做到了吗?

Do you think it did?

Speaker 28

总之,Firmus有你能想到的,一家不靠谱的数据中心公司该有的所有背景,资金来自英伟达、Jane Street和黑石,这些公司也都支持过CoreWeave和其他多个AI数据中心项目,还有Meta的初步承诺,通过说“是的,一旦你建好这些数据中心之一,顺便说一句,你以前从来没建过,我们肯定会付钱给你”来人为抬高其潜在收益。

Anyway, Firmus has every back that you'd expect from a dodgy data center company, funding from NVIDIA, Jane Street, and Blackstone, all of whom also backed CoreWeave and multiple other AI data center projects, and an initial commitment from Meta to artificially boost its potential earnings by saying yes, once you build one of these data centers, which you have never done before by the way, we'll absolutely pay you for it.

Speaker 28

在直接假设很多很多年都不会有什么进展的情况下,我也会说正确的那个。

Under the direct assumption that very little will get done for many, many years, and I will say the correct one too.

Speaker 28

数据中心到底发生了什么还不清楚,只知道它们还没建起来。但你可能已经明白为什么我一直用过去时提到南门项目,因为CDC几天前退出了,当时只建了大约2.5%的容量。

It's unclear what happened to the data centers other than the fact they haven't been built, but you've probably worked out by now why I keep referring to Project Southgate in the past tense, as CDC pulled out of the project a few days ago with around 2.5% of the capacity built.

Speaker 28

这距离这家公司原定上市还不到一个月。

That's less than a month from when this company was meant to go public.

Speaker 28

这不是个好兆头。

Not a great sign.

Speaker 28

还不清楚Firmus会跟谁合作建数据中心,但它有更大的问题要处理。

It's unclear who else Firmus will build with, but it's got bigger problems to deal with.

Speaker 28

你看,它最初的IPO估值原本大约是500亿美元。

You see, its initial IPO valuation was meant to be around $50,000,000,000.

Speaker 28

我是澳大利亚人。

I'm Australian.

Speaker 28

我只是在说美元。

I'm just saying dollars.

Speaker 28

别纠结了。

Just get over it.

Speaker 28

但银行开始发行股票时,定价大约每股11美元,估值437亿美元,随后澳大利亚养老基金Unisuper表示,我引用一下,一切都归结于估值,它不会持有任何有意义的敞口,理由是……

Except when banks started offering shares, it priced around $11 apiece or a valuation of $43,700,000,000, followed by Australian pension fund Unisuper saying that, and I quote, it all comes down to valuation and that it will not have any meaningful exposure citing that it...

Speaker 28

Firmus可能有一个引人入胜的故事,但估值并不吸引人。

That Firmus may have a compelling story, but not a compelling valuation.

Speaker 28

对于在家玩这个游戏的人来说,这是好事吗?

And for those of you at home who've been playing, is that good?

Speaker 28

这不是好事。

That is not good.

Speaker 28

据《澳大利亚金融评论》报道,Firmus最初在其条款清单中声称有高于每股11美元的指示性订单,但IPO定价后来被削减至每股8.25美元,而AFR现在报道称,该公司最终可能以每股6到7美元的价格才能让IPO顺利上市。

Per the Australian Financial Review, Firmus has initially claimed in its original term sheet that it had indicative orders that priced above $11 a share, only for the pricing of the IPO to be cut to $8.25 a share, with the AFR now reporting that the company may end up taking anywhere between $6 and $7 apiece to get the thing out the door.

Speaker 28

正如对冲基金PLATO的首席执行官David Allen所说,如果IPO在每股11美元时认购如此火爆,为什么还要降价?

As noted by hedge fund CEO, CEO of PLATO, David Allen speaking to the if the IPO was so well covered at $11 a share, why was it cut?

Speaker 28

嗯,我觉得答案很明显。

Well, I think the answer is obvious.

Speaker 28

Firmus真是个烂货。

Firmus is a fucking stinker.

Speaker 28

它90%的收入积压来自两个客户,一个是之前提到的Meta,另一个是一家未具名的全球科技巨头。

90% of its revenue backlog comes from two customers, Meta, as mentioned, and an unnamed major global technology company.

Speaker 28

另外,虽然招股书里没提,它还有一份多年合同,要在马来西亚的数据中心为OpenAI提供算力,但这些数据中心根本不存在,说实话,永远也不会存在。

As well as, though this wasn't in the prospectus, a multi year deal to provide compute to OpenAI out of data centers in Malaysia that do not exist and, let's be honest, will never exist.

Speaker 28

说实话,我不明白为什么这些报道里没人提到这一点。

Indeed, I don't know why nobody pointed at that within these stories.

Speaker 28

我读了很多关于Firmus的报道,但真的没怎么看到有人讨论这个。

I've read a lot of Firmus stories and I haven't really found found much discussion of that.

Speaker 28

感觉好像大家都默认那是个玩笑。

It's almost like everyone just kind of assumes that that was a bit.

Speaker 28

我觉得这就是个笑话。

I think it's a joke.

Speaker 28

一个有点好笑的笑话,只不过是个数十亿美元的玩笑,就像Firmus一样。

A little funny one except a multibillion dollar joke, you know, much like Firmus.

Speaker 28

就像开头提到的,Firmus 每年收入总共才五千万美元,却计划在未来五年内建设10吉瓦的产能,这要花费数千亿美元,而它根本没有这笔钱,也没人会给它。

As mentioned at the jump, Firmus has a whole $50,000,000 in revenue annually speaking, but plans to build 10 gigawatts of capacity in the next five years, costing it hundreds of billions of dollars that it just doesn't have and nobody's gonna give it.

Speaker 28

Firmus 估值所依赖的每一个承诺,用柏拉图的大卫·艾伦的话来说,都归结于对历史上一些最雄心勃勃的基础设施项目的完美执行。而且正如艾伦指出的,基于 EBITDA 倍数来给 Firmus 估值,也就是根据它可能带来的现金流来估算其价值,就像假设飞机免费且永远耐用,然后以此给航空公司估值一样。

Every promise underlying Firmus' valuation comes down to, to paraphrase Plato's David Allen, flawless execution of some of the most ambitious infrastructure projects in history, and as Allen noted, valuing Firmus based on its EBITDA multiple, as in working out how valuable it is based on the cash that it might bring in, is kind of like valuing an airline based on planes being free and lasting forever.

Speaker 28

无论如何,就我读到的信息来看,Firmus 到底会不会上市,或者如果上市的话实际能融到多少钱,都还不清楚。

In any case, as I read this, it's unclear whether Firmus lists at all or if it does how much it'll actually list for.

Speaker 28

澳大利亚的财经媒体几个月来一直在猛烈抨击它,那种力度足以让美国和英国那些报道数据中心的绝大多数记者感到羞愧。他们几乎反驳了每一个荒谬的说法,采访了一个又一个怀疑论者,嘲笑该公司可疑的指标,并仔细审查支持它的银行。

The Australian financial media has been beating the absolute shit out of it for months in a way that should embarrass the vast majority of journalists that have covered data centers in America and England, pushing back against basically every ridiculous claim and talking to skeptic after skeptic, mocking the company for its dodgy metrics and scrutinizing the banks backing it.

Speaker 28

一个很好的例子是《澳大利亚金融评论》的马克·德斯特凡诺,他昨天早上指出,银行虽然声称 IPO 实际上是以440亿美元的估值提交的,但事实并非如此,因此可能会带来监管问题。

A great example is Mark DeStefano of the AFR who made the point yesterday morning that banks had, as mentioned, said the IPO was effectively filed at $44,000,000,000 despite the fact that it was anything but, and that there'd be potential regulatory problems as a result.

Speaker 28

你能想象 CoreWeave、Nebius、Iron 或者其他那些筹集数十亿美元、也许有一天能建个数据中心的垃圾公司,会遭到这样的反对吗?

Can you imagine any of this kind of pushback against CoreWeave, Nebius, Iron, or any of the other dog shit merchants raising billions to maybe build a data center someday?

Speaker 28

不,不,不,不。

No, no, no, no.

Speaker 28

在美国,我们绝对不可能看到这种情况。

We absolutely couldn't here in America.

Speaker 28

指出他们的财务脆弱性会被认为是不礼貌的。

It would be considered uncouth to point out their financial fragility.

Speaker 28

事实上,如果要说的话,我们应该帮忙抬高这些股票,这样他们就能筹集更多钱,送给我们的荣耀之神——黄仁勋先生。

In fact, if anything, we should help pump these stocks so they can raise more money to send to our glorious god, mister Jensen Huang.

Speaker 28

Firmus计划在10月23日上市,就在接下来的几周内,但有传言说它可能连门都出不了,就算能上市,也会大打折扣。

Firmus is set to go public in the next few weeks on October 23, but the rumblings are that it might not even make it out the door, and if it does, it'll be at a vast discount.

Speaker 28

这标志着投资者终于开始看清AI泡沫的本质了。

It's a sign that investors have finally started to see the AI bubble for what it is.

Speaker 28

一群骗子试图在创新的幌子下,把估值可疑的资产甩给不知情的公众,还让媒体给包装得漂漂亮亮的。

A bunch of grifters trying to dump questionably valued assets onto an unsuspecting public under the auspices of innovation, kind of gussied up by the press.

Speaker 28

我还要补充一点,人们对Firmus的每一个问题和批评——收入集中、交付时间表存疑、现在和未来令人难以置信的债务负担——都可以无一例外地用在每一家美国AI数据中心公司身上,唯一的实际区别是,其中一些数据中心公司因为之前的加密货币挖矿业务,已经建了一些产能,虽然不多。

I'll also add that basically every single problem and criticism that people have with Firmus revenue concentration, questionable delivery timelines, unbelievable debt load today and in the future can be levied against every single American AI data center company without exception, and that the only real difference is that some of those data center companies already had some, but not much, capacity built as a result of their cryptocurrency mining operations.

Speaker 28

CoreWeave在2025年上市是明智之举,而我认为Lambda,另一家由NVIDIA支持的Neo Cloud,计划在2027年上市,会遇到更多麻烦。

Core Web was smart to go public in 2025, and I think Lambda, another NVIDIA backed Neo Cloud planning to do so in 2027, is going to have a few more problems.

Speaker 28

澳大利亚对Firmus的报道应该让美国的金融和科技媒体感到羞耻,因为它展示了真正的新闻业是什么样子。

The Australian coverage of Firmus should be an embarrassment to the American finance and tech press because it shows what actual journalism looks like.

Speaker 28

当我读到这句话时,我看到彭博社的一条头条新闻,说CoreWeave与阿达尼集团签了协议,就是那个曾面临大规模欺诈指控的家伙,但这些指控现在都消失了。

As I read this sentence, I see a headline from Bloomberg about Core Weave signing a deal with the Adani Connects, you know, that guy who was under massive fraud allegations, but they've all gone away.

Speaker 28

谢谢我们的总统。

Thank you, our president.

Speaker 28

在印度,240兆瓦的容量要到2028年年中才能上线,这实际上和Firmus的承诺一模一样。

In India, for 240 megawatts of capacity that won't come online until the middle of twenty twenty eight, which is functionally identical to the promises made by Firmus.

Speaker 28

但文章没有这么说,反而选择谈论CoreWeave如何,我引用一下,“在地理上扩张以提升可用容量,更好地服务全球客户”。

Except instead of saying that, the article chooses instead to talk about how CoreWeave has, and I quote, been expanding geographically in order to boost available capacity and better serve global customers.

Speaker 28

当这一切最终崩溃时,商业和科技媒体必须从根本上改变它们的工作方式。

When all of this shit finally collapses, something has to fundamentally change about how the business and tech press does its fucking job.

Speaker 28

一家新云或AI公司,通过媒体不加质疑地重复其营销材料,来为某个理论项目筹集更多债务或风险投资,这种情况发生的次数,对投资者和公众来说都是极其危险的。

The amount of times a neo cloud or AI company has managed to get a glossy piece about some theoretical project as a means of raising more debt or venture investment off the back of press unquestionably repeating their marketing collateral is actively dangerous for investors and the general public.

Speaker 28

看清这个行业的问题非常非常容易,但我想,如果你故意选择忽视它们,那就难多了。

It is very, very, very easy to see the problems in this industry, but I guess it's much harder to do so if you're intentionally choosing to ignore them.

Speaker 28

Firmus和CoreWeave一样糟糕,也和Lambda一样糟糕。

Firmus is as bad as CoreWeave was and is as bad as Lambda.

Speaker 28

也许他们多一点基础设施,但问题是一样的。

Perhaps they have a little bit more infrastructure, but their problems are identical.

Speaker 28

我知道有些记者在听这个节目,可能会有点不爽,但这不是我的问题,也不是我的错,没人敢批评这些公司。

And I know that there are journalists who are listening to this who might be a little bit butthurt, but it's not my fucking problem or my fucking fault that nobody seems to be able to criticize these companies.

Speaker 28

如果你觉得受伤了,我挑战你去看看关于Firmus的报道,如果你报道AI数据中心的话,看看美国报道和澳大利亚报道有什么区别。

I challenge you, if you feel like your feelings are hurt, to go and read the coverage of Firmus if you cover AI data centers and see what the difference is between the American coverage and the Australian coverage.

Speaker 28

因为区别很明显。

Because it's distinct.

Speaker 28

如果当初有人像澳大利亚人对待Firmus那样,认真对待CoreWeave、Iron、Nebius、Lambda或者任何一家美国公司,也许我们就不会落到今天这个地步,也许未来那场会坑惨所有与新型云相关的投资者(无论是散户还是机构)的股市崩盘,我们本来可以避免的。

And had anyone bothered to take Core Wave or Iron or Nebius or Lambda or any of the American ones seriously like the Australians have with Firmus, maybe we wouldn't be in this situation we're in today, and maybe the future stock crash that happens, which fucks every investor, retail and otherwise, that is connected to a neocloud, maybe we could have avoided that.

Speaker 28

现在来不及了。

We can't now.

Speaker 28

所以幸好,看起来澳大利亚投资者不会像美国投资者那样损失惨重。

So thankfully, looks like Australian investors won't get harmed as much as American ones.

Speaker 28

但当这一切崩溃的时候,当人们受到伤害的时候,大家会问该怪谁,答案有一部分是媒体。

But when it comes down to the point when this stuff falls apart, when it comes to the point when people get hurt, people are gonna ask who to blame, and the answer is partially the media.

Speaker 28

如果你们媒体听到这些,也许这说的不是你们。

And if you remember of the media hearing this, maybe it's not about you.

Speaker 28

也许你们已经尽到了职责。

Maybe you did your job.

Speaker 28

也许你们确实提出了批评。

Maybe you were critical.

Speaker 28

还是说,你们真的做到了吗?

Or were you?

Speaker 28

回去好好检查一下你们的工作吧。

Go and check your work.

Speaker 28

回去看看你们是不是真的批评过、认真审视过,真正对这些公司保持怀疑态度。

Go and check whether you actually criticized and actually scrutinized and were an actual skeptic of these companies.

Speaker 28

还是说,你们花了更多精力去质疑那些提出质疑的人。

Or whether you spend far more effort scrutinizing the scrutinizers.

Speaker 28

因为正是这样,泡沫才会产生,炒作周期才会膨胀,普通人最后才会被坑惨。

Because that's how we get bubbles, that's how hype cycles grow, and that's how regular people get fucked.

Speaker 28

散户投资者,或者那些把保险资金投进这些公司的人,就是这么被坑的。

Fucked as retail investors or those who are having their insurance funds put into these companies.

Speaker 28

你猜怎么着?

And guess what?

Speaker 28

你他妈猜怎么着?

Guess fucking what?

Speaker 28

你知道实际上是谁在背后支持Firmus吗?

You know who actually backed Firmus?

Speaker 28

是黑石的信贷和保险基金。

Blackstone's Credit and Insurance Fund.

Speaker 28

所以当这家公司完蛋的时候——它肯定会完蛋——这直接就是因为没人真正指出这一点,反而允许、甚至批准和吹捧像黑石这样的公司,把养老金和保险资金投进这些不靠谱的破公司。

So when this dog dies, and it will, it will be directly as a result of nobody really pointing that out and allowing and actually green lighting and approving and celebrating companies like Blackstone sinking pension funds and insurance funds into these dodgy goddamn companies.

Speaker 28

这一切本来是可以避免的,你在我声音里听到的愤怒,是因为我已经说了好几年了。

All of this could have been avoided, and my anger that you hear in my voice is because I've been saying it for years.

Speaker 28

我希望这次能带来一些改变。

And I hope something changes as a result of this.

Speaker 28

我会呼吁变革。

I will be calling for change.

Speaker 28

我一直在做详细记录。

Been taking detailed notes.

Speaker 28

哦,我确实记了很多。

Oh, how I have.

Speaker 28

当然,下周我会回来,带来一期关于Bournes的精彩节目,当然还有另一段独白。

And I will, of course, be back next week with a great episode on Bournes and, of course, another monologue.

Speaker 28

能为大家服务总是我的荣幸。

It's always a pleasure to serve you.

Speaker 28

一如既往,感谢大家的收听。

Thanks as ever for listening.

Speaker 28

我爱你们。

I love you all.

Speaker 1

丽莎,跟他们说说我们的新节目。

Lisa, tell them about our new show.

Speaker 2

我们有个新播客。

We have a new podcast.

Speaker 2

名字叫《别骗我》。

It's called Don't Lie

Speaker 1

骗我。

To Me.

Speaker 1

我是莱克西·伊瓦努。

I'm Lexi Iwanu.

Speaker 1

我们是最好的朋友,相差二十二岁,

We're two best friends, twenty two years apart,

Speaker 2

但心贴得很近。

but so close at heart.

Speaker 2

我是丽莎·迪朱利奥,年纪大的那个,这意味着我们的梗完全不同,偶尔观点也不一样。

And I'm Lisa DiGiulio, the old one, which means we have wildly different references, occasionally different opinions.

Speaker 2

到了我这个五十多岁的年纪,什么都经历过了。

And at this point in my fifties, I've lived it all.

Speaker 2

现在到了三十多岁,作为新鞋品牌的创始人,GoodTaste就是我的事业。

Now in my thirties, being the founder of new shoes, GoodTaste is my business.

Speaker 2

可以在iHeartRadio应用、Apple Podcasts或者任何你收听播客的平台收听。

Listen on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

Speaker 3

我是Melissa Jeltsin,是《她怎么了》播客的主持人。

I'm Melissa Jeltsin, host of the What Happened to Her podcast.

Speaker 3

我们这一季的开篇是桑德拉·伯奇莫尔的故事,这个案子被警方定性为暴风雪中的自杀。

We're kicking off the season with the Sandra Burchmore story, a case the police wrote off as a suicide in a snowstorm.

Speaker 3

她的家人一直不相信,而且他们怀疑的那个人是个警察。

Her family never bought it and the man they suspected wore a badge.

Speaker 4

你永远不知道那个魔鬼是谁,因为他戴着伪装。

You never know who that devil is because he's wearing a disguise.

Speaker 5

有时候就是一身警服。

Sometimes it's a police uniform.

Speaker 3

而且,通过iHeart True Crime Plus订阅,你可以在Apple Podcasts上独家收听所有无广告的剧集。

And you can get access to all episodes a 100% ad free with an iHeart True Crime Plus subscription exclusively on Apple Podcasts.

Speaker 3

仅限iHeart True Crime Plus订阅用户。

Available only to iHeart True Crime Plus subscribers.

Speaker 3

所以别等了。

So don't wait.

Speaker 3

前往Apple Podcasts,搜索iHeart True Crime Plus,今天就订阅吧。

Head to Apple Podcasts, search for iHeart true crime plus, and subscribe today.

Speaker 6

我是Lacey Moseley,作家、演员、脱口秀喜剧演员、创作者,也是Scam Goddess播客的主持人。

I'm Lacey Moseley, author, actor, stand up comedian, creator, and host of scam goddess podcast.

Speaker 7

这是一档关于抢劫、欺诈的真实犯罪喜剧播客,

The true crime comedy podcast all about robbery, fraud,

Speaker 8

以及那些实施这些行为的人。

and those who practice it.

Speaker 8

每周,我都会邀请一位很棒的嘉宾。

Each week, I bring on an amazing guest.

Speaker 9

哦,我骗了他们。

Oh, I scammed them.

Speaker 10

什么?

What?

Speaker 10

我可以跟你聊

I could talk to you for

Speaker 25

一个小时。

an hour.

Speaker 11

你跟我一样,天生就是个话痨。

You're a generational yapper like me.

Speaker 12

所以我才把聊天当成工作。

That's why I had to make yapping a job.

Speaker 13

现在你可以在YouTube上看我的完整节目。

And now you can catch full episodes of my show on YouTube.

Speaker 14

开始收听《骗子女神》,

Start listening to Scam Goddess on

Speaker 15

在iHeartRadio应用、Apple Podcasts或任何地方。

the iHeartRadio app, Apple Podcasts, or wherever

Speaker 16

你收听播客的地方。

you get your podcasts.

Speaker 16

《骗子女神》。

Scam goddess.

Speaker 17

有成千上万的播客可以教你如何提升自己。

There are thousands of podcasts that can tell you how to better yourself.

Speaker 18

《和凯尔·布鲁一起变差》不是

Get Worse With Kyle Bru is not

Speaker 19

那些播客之一。

one of those podcasts.

Speaker 19

所以如果你

So if

Speaker 17

想减肥、去做心理治疗、开始吃肽类补品、设定界限、服用保健品、让自己变得更好、或者寻求一个了结,那我建议你去听别的播客。

you're interested in getting thinner, going to therapy, starting peptides, setting boundaries, taking supplements, making you're better, getting closure, then I would humbly recommend other podcasts.

Speaker 17

如果你对敲诈勒索、爱情轰炸、克隆自己或者复仇感兴趣,那我们这儿有点小东西,正适合你这种阴险的人。

If you're interested in blackmail, love bombing, cloning yourself, or getting revenge, then we've got a little something something for a dastardly individual like you.

Speaker 20

欢迎收听《和凯尔·普鲁一起变糟》

Listen to get worse with Kyle Pru on

Speaker 21

在iHeartRadio应用、Apple Podcasts或任何你收听播客的平台都可以找到。

the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

Speaker 22

错过了最新的《罗兰·马丁无删减》播客?

Didn't catch the latest Roland Martin unfiltered podcast?

Speaker 23

以下是本期精彩内容。

Here's what you missed.

Speaker 24

人们一觉醒来,心想:天哪。

People wake up and go, oh, damn.

Speaker 24

等等。

Wait.

Speaker 24

先别急。

Hold up.

Speaker 25

他们把所有东西都改了?

They changed all of that?

Speaker 25

是的。

Yes.

Speaker 25

这是真的。

It's real.

Speaker 26

这是一次全面的攻击。

This is a wholesale attack.

Speaker 24

它针对的是黑人和每一个联邦机构。

It is targeting black people and every federal agency.

Speaker 24

这很残酷。

It's raw.

Speaker 24

白人从来没有让清算持续超过十年。

White folks have never allowed a reckoning to last more than a decade.

Speaker 23

在黑人信息网络上收听罗兰·马丁的每日评论。

Catch Roland Martin's daily commentary on the Black Information Network.

Speaker 22

并下载罗兰·马丁的未删减版。

And download Roland Martin unfiltered

Speaker 27

在 iHeartRadio 应用和 Apple Podcasts 上

on the iHeartRadio app, Apple Podcasts

Speaker 23

或者任何你收听播客的地方。

Or wherever you get your podcasts.

Speaker 0

这是一个 iHeart 播客。

This is an iHeart podcast.

Speaker 0

《保证人类》。

Guaranteed Human.

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