If that’s the thing that kills the economy, the economy deserves to be killed
Which economy? The billionaire economy of the normies economy?
We will follow the billionaires into it economic hell. In solidarity of course.
Fuck, I wish we had a choice in this.
We could always make them feel like life is hell and death would be welcome, especially considering that they’re doing it to us., and they. Do. Not. Care.
They can fuck all our pensions up for good and starve us. That’s what it took to start the French Revolution, this time it’s gonna be global though.
No our federal government will spend billions to bail out whatever AI companies are favored by trump this week.
It has always been either the economy crashing because the AI bubble pops, or the economy crashes because the bubble didn’t pop due to AI successfully replacing enormous numbers of workers.
It’s not AI it’s UBI. AI is going to happen. What was important was an orderly transition to UBI.
AI is going to happen.
Oh? So there are hard numbers showing a positive ROI now?
That goalpost will soon switch to “well, this wasn’t the real ai anyway”
Let the dominoes fall.
The stability of our economy depends on them quickly changing course.
Oh. Well.
It would be so funny that the economy crashes, making poor people poorer and rich people richer!
Because that is what happened in the past few crashes. So I’m not entirely sure when and where I should start laughing about this
in the past the rich got richer because the poor didn’t understand who to blame.
sentiment towards the wealthy these days is far more volatile than it was in the 1930s.
And because we bailed out the rich.
And it will just happen again. If you think the poor will rise up or something like that, then I have a bridge to sell you.
Do not underestimate the US propaganda apparatus
at this point I couldn’t care less if they do or not. humanity is fucked. we’re in a downward spiral heading for the poop chute.
That’s the point. AI was never meant to succeed. It’s a ransom. They are willing to kill the hostages so to speak.
Too big to fail…again…
I don’t have any money. Crash away. Fuck it.
Same with the GFC, 2007. I was broke, and did not even notice.
Yeah, some of us don’t have much money to begin with lol
Yeah wow hey maybe you should have fucking listened to everyone who’s been saying that for goddamn YEARS.
When you got nothing, you got nothing to lose.
Bob Dylan
Dylan has more good advice here, when it comes to bubbles you don’t need a weatherman to know which way the wind blows!
I didn’t know Bob Dylan was poor! /s
He was at one point in his life.
I thought I was going to learn something new, but he just seems to have done the regular job search that many artists do? He had a stable family with a house and so on, didn’t live on the street or anything. Struggled the first year to get contracts for what I read but that’s about it.
Yeah, I guess poor is over stating it. Not rich maybe.
The economy has not been good since the 70’s and I wish economists would collectively pull their heads out of their asses and stop towing the line of the ones in charge.
What you or I experience is completely decoupled from the stock market, or the GDP, and has been forever.
As a person who is studying economics, I agree with you on this
It’s time for progressive socio economics
I am entirely disconnected from “the economy”. Fuck AI and fuck the market. Tech cunts have it coming.
When the economy crashes, and it will, rich peoole won’t suffer, they will enrich themselves even more. Its always the poor that suffer
So you don’t go grocery shopping?
Did you know the economy has doubled every 20 years, with productivity alongside it, but the benefits don’t show up for us down here?
We should have a 3/4 day workweek with cheap good food, early retirement etc etc but we don’t.
And I’m saying this living in the EU.
And how does one become disconnected from ‘the economy’?
Lying to yourself is a really good start, followed closely by not buying food or services like internet
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What good will that be 'gainst the 20 stout men and their crossbows that will besiege you on the high road as you go to market on the Lord’s Day?
I can burst it quick if I invest in Nvidia and AMD.
AMD is an industry leader with a huge economic moat and I think they will be okay when the bubble pops. I’m not sure about Nvidia though, despite having superb chips, because the problem is they loaned to companies to buy their chips. So, Nvidia’s finances will be strained because Jensen Huang created a ponzi scheme that could not repay or be profitable to itself.
Not really a ponzi, more like circular financing. Nvidia exposed itself to the AI bust for no reason other than to keep the money flowing to buy their chips for a little longer. They were selling shovels in a gold rush and screwed it up by letting people finance the shovels. They’re not in the finance business, they’re in the chip business.
nvidia gives a trillion dollars to AI, AI buys a trillion dollars of future, currently unmade video cards to run the AI, nvidia gives AI another trillion dollars, AI buys another trillion dollars of unmade future cards, etc etc etc.
Its the biggest, highest energy economic ouroborus I’ve ever seen.
I cant see how nvidia survives the pop, and quite frankly, I’d be glad to see nvidia die. its been dragging the GPU market in bad directions for a decade+ now and I think it’d be better to be free of its influence… and it’d open the door to new players to step up and competition again.
I’m usually a rationalist but nothing can convince me that Sod’s Law isn’t somehow baked into the structure of the universe.
The scumbags are getting better at making sure they end up rich when it happens. The only important thing from their point of view.
So the top 7 companies hedged their entire futures on something unsustainable? In the last 12 months Oracle already laid off over 50,000 employees to bottom-line their AI goals (30,000 ish and 21,000ish a couple weeks ago).
Are we at the point of stocking up on materials and pulling $$ from banks for the inevitable collapse?
