And if the data centers, AI models, and chip fabs - all of which are involved in circular leveraged investing - fail to meet their implausible demand forecasts, there will be a collapse.
They will say, "If we don't keep going, China will beat us!" They will say, "Noone could have predicted this." And they will say, "We are the only ones with the foresight to guide us forward," despite having just fallen flat on their faces regarding investment foresight.
And they will ask for the largest bailout in history.
Tell everyone about this, now. If a collapse starts, everyone needs to start contacting their congresspeople immediately to demand that the billionaires do not get bailed out. Everyone needs to be aware of this in advance, or they're going to take trillions from the commoners and give it to the billionaires whose fault it will be.
You can tell everybody about this. In fact, even if everybody you tell believes you. It will not change a thing.
I don't believe there's a point of return with the current system. Modern day pitchforks are needed, if you want any form of true justice. The majority of those billionaires lack morals, so fear is the only thing that might drive them towards the good side of history.
And when I say billionaires, I also mean the majority of the multi-millionaires.
It may not change the government's response, but in that case, it would foment the anger that is needed for the other thing you suggest.
If the masses see it coming, and speak en masse, and are rejected - it will be a more poignant betrayal. Each additional person who sees it coming adds to the potency of the reaction.
When it pops, its going to take everyones pensions and other savings with it. And its far too large for government bailouts at this point. But those at the top of the "AI" fraud will no doubt have extracted hundreds of billions before that happens.
And of course, if by some miracle someone suddenly works out how to actually deliver any of the bullshit claims, no-one is going to have a job or any money anyway...
273
u/Hashsum88 7h ago edited 5h ago
capitalize profits, socialize losses. Welcome to modern era capitalism
edit: i meant โprivatizeโ profits!