Saturated means that you've filled (or can fill at will) the time you've allotted and targeted, not 100% of your possible time. e.g. 100% of 50% of available time.
>he never claimed to have a continuous stream of $30k/week projects lined up, those are words you're putting in his mouth
He claimed it was his so-called "rack rate". His standard rate. Over a year long period. The prior year his "rack" rate was 20K/week. He didn't say "I put out a ridiculous rate and wouldn't you believe it this one guy bit!", but claimed that it was a ongoing day to day rate that saw continued success. That was sort of the whole, rather odd, basis of that part.
Extraordinary claims, as they say, require extraordinary proof. Yet we don't know a single client, or a single project, that paid these grossly out of the ordinary rates, and I can tell you that I don't know a single organization that would even consider such a rate for an individual freelancer (respected consulting shops -- the sort that you hire because no one ever gets fired for hiring them -- with armies of bodies yield less on their contract). People can wave their hands and say that it's because it saved so much but that sort of argument leaves me agape, wondering if a bunch of people just discovered the business world.
It just doesn't work like that.
I have absolutely no fundamental reason to believe Patrick a "bullshitter", or to accuse him of being so. On the flip side, I have absolutely no reason not to consider that he might be. Because it turns out that a remarkable number of people are -- particularly when they're trying to get attention for something -- somewhat aggrandizing. And we all know how important signalling is, and how if you act the part, maybe, the myth goes, you'll become the part. It plays a part of quite a few HN front pagers.