Let´s see! 40 trillions in debt (to a private bank corporation which they will pay interest rate 1 trillion/year (this money disappear in private pocket :)). GDP 32 trillion so even trying hard, can´t pay the debt will be for life growing. But the total debt is 100 trillion not 40, so there is more to it, 60 trillion more to pay interest rate to.
Bitcoin casino is not rendering anymore, people understood that is a pure scam. Now it comes the AI scam that magically drain your wallet out of thin air (tokens). Companies start losing half a billion because they forgot to switch off the tokens, and they call it a business, like the stock market. They found a weakness in people, gambling and they are using it. Even though with all the tricks there is no more money to squeeze out of people. Now 3 AI companies go public asking for more trillions, from where, You squeezed Canada, Australia, England and all your friends and enemies. Digital currency will come live soon, that’s your solution, lame, poor people? How does it work? You create a project open source with free labor, and if it goes well you privatize it non profit, get funded from public tax and switch to profit corporation. Then you get a funding of 30 billion with evaluation 15x 500billions. Then you have a dinner with the gov and suddenly are evaluated 1 trillion. I see, now I Understand, One or more of this companies will fail and take all the blame and I feel sorry for all the pension funds that will hold the bag of this manipulation.
Who will take the fall, X-AI, OpenAI, Anthropic?
I smell the world’s largest bailout in the works.
How do I make money off this?
I want Cassandra levels of fuck you I told you so.
Short all these stocks of course. SOXS is a 3 times leverage short on semiconductors if you are feeling bold.
Short all these stocks of course. SOXS is a 3 times leverage short on semiconductors if you are feeling bold.
comments like this inspire me to become financially literate so that i could understand what was said.
It just means that when they finallystop buying semiconductors to fuel datacenters they aren’t even building and the semiconductor stocks crash, SOXS will go up 3x for every dollar the semiconductors go down. Only problem is that no one can guess when that is, even if many are sure it’s coming. It feels like soon but don’t make financial decisions based on what some idiot says on the internet.
thanks and i’m confused by whatever “SOXS” is/means.
This is probably not a good opportunity for you then. It’s not something a beginner should do. Probably I shouldn’t have brought it up at all.
i wasn’t planning on doing anything besides learning.
SOXS is just the ticker symbol. You type it into a site like Yahoo finance and you can learn about the security or trade it at your brokerage.
The market can stay irrational longer than you can stay solvent
Yeah, I wouldn’t take trading advice from a group of people who are desperately hoping a for a certain technology to not exist.
Is AI overhyped and overused? Absolutely. Is its use doing to decrease? Most likely. Will it “collapse”? Don’t bet on it. Or, well, do - I suppose. It’s your money to lose.
I wish u were right. I’m really not convinced its use will decrease. Agents are being weeded into ever bloody service on the internet. AI and the internet will be one thing. AI is convinient and human nature does not like complexity. Humans thrive in environments that make life easy. Internet, social media and amazon are what they are today because of convinience. AI bring convinience! I do not believe that AI will go down … it eill certainly stop growing so quickly but eventually we will find AI in our coffe machine and our toothbrush.
Oh no, don’t get me wrong - it’s here to stay. In some fields it will grow bigger, and others it will disappear. We’re now just in a phase where it’s being applied to everything to see what sticks - and that hype phase will come to an end at some point.
