That’s the point. AI was never meant to succeed. It’s a ransom. They are willing to kill the hostages so to speak.
Please do. I’m tired of reading PKD novels, they’re more fun happening IRL.
I don’t have any money. Crash away. Fuck it.
The scumbags are getting better at making sure they end up rich when it happens. The only important thing from their point of view.
Sold everything with massive profit early July. Even if it doesn’t crash, I’m happy.
I am entirely disconnected from “the economy”. Fuck AI and fuck the market. Tech cunts have it coming.
And how does one become disconnected from ‘the economy’?
When the economy crashes, and it will, rich peoole won’t suffer, they will enrich themselves even more. Its always the poor that suffer
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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?
Not could. It’s a mathematical certainty that it will. Barring a breakthrough miracle – fat chance.
One day we shall reclaim the sullied em dash for ourselves once and for all!
When you got nothing, you got nothing to lose.
Bob Dylan
I have hundreds of thousands of dollars to lose if the market pops lucky for time is on my side. This feels like the dot com bubble
Sigh. Guess I’m gonna go read Ed Zitron’s latest rant.
Haven’t read it yet, no idea what he’s on about today, but here’s the link.
https://www.wheresyoured.at/the-more-you-buy-the-more-you-lose/Two years ago, NVIDIA CEO Jensen Huang said that “the more you buy, the more you save,”
Well, two years ago he was kind of right. But not in the way he meant it. But I should have bought 64gb instead of 32gb RAM when I built my gaming system
For what? I have 64gb and have almost never utilized it all. Maybe if I used integrated graphics running modded factorio on a big map with all of the graphics overhauls.
Future, not present, requirements.
This is going to be a mix of the 2000 Crash and the 2008 Crash.
I think that’s kind of their idea. Be unsustainable and unprofitable, yet push to be on everything so the Goverment will bail them out.
The current everything bubble is too big to be bailed out. It will take down with it everything. Including the value of currency.
If this one bursting ends the USD status as Reserve Currency, that would be great.
Painful, but in the mid and long term great.
Yippee!
Yeah, like we haven’t been through multiple “generational” recessions.
At this point I feel like I’ve spent more time alive during recessions than not, so what’s one more for the pile - especially if it means getting to watch the AI bros go bankrupt.
Saddle up, sea biscuit
If that’s the thing that kills the economy, the economy deserves to be killed
Which economy? The billionaire economy of the normies economy?
First one, then the other because it’s only fair
ah, because the billionaires are going to suck the blood from the regular economy like a vampire to recover
Recover? No they buy low and double their take (or 100x or whatever the ratio is at this point).
We’re doing trillionaires now don’t forget. Even though Elon might not be anymore, there will be others unless we get our act together.
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.
For normal people it will just mean some inflation increase and interest rates increase
Nothing we havent seen in the past few years
…you don’t remember 2008, do you? Mass layoffs, small businesses closing in droves, difficulty getting loans, new grads unable to get adequate jobs for years (half the millennial cohort is still behind due to it)
No our federal government will spend billions to bail out whatever AI companies are favored by trump this week.
They prepare the too big to fail speech I think
and take the economy with it…
Yeah like the last umpteen times this has happened in my lifetime. We live in a society of greed, who knew it would be so unstable?
But this hype is real. Promise! Really real! Or the next one!
See entry level people believe it’s fundamentals. Smarter people understand that it’s reading people and knowing when they’re dumb enough to invest and knowing when to bail before they wise up. So if you think about it in those respects, it is indeed an honest to goodness “real” thing. People are really being ripped off by con-artist.
But yeah, the days of the 1890s to 1930s of structured investment, measured risk, and mitigation of the unforeseen, those days are dead. There aren’t market fundamentals outside of being able to identify rubes.
