What’s mindfuckingly frustrating is that EVERYONE (but the rich ass financial types) see it coming. And there is ABSOLUTELY NOTHING WE CAN DO to prevent or prepare for it.
We met with my mother’s broker a few weeks ago (company rhymes with “Laymond Maims”). My brother expressed his concern about the AI bubble and the broker basically said CEOs are smart people who are legally bound to safeguard their companies and they wouldn’t be so heavily invested in AI if there was any chance of its being a bubble.
Just one of the most dumbassed arguments I’ve ever heard. OK, then how did all the other bubbles in history happen? But it was equally dumbassed of my brother to expect a broker to say anything else. I’ll bet he gets a fucking daily memo telling him not to let anybody de-AI their portfolios – if that’s even possible at this point.
Alas, mom is all “they’ve done such a great job over the years increasing the value of our portfolio”. Bitch, the fucking market went through the roof, that’s why your portfolio has done so well. It has nothing to do with Draymond Claims. You were in mutual funds the whole time!
The last few financial crises have led to massive wealth transfers to the 1%. I wouldn’t be surprised if some of the more accelerationist of them are trying to engineer them at this point.
install a solar system, no matter how big or small
Gee, get a load’a this one, goin round whackin heliocentric planetary systems in people’s yards. Kickin off the gravitational alignment of Earth with their extra “sun and planets” next to the lavender.
I hear they even do dual-star solar systems… pffft… thats just showing off.
What’s mindfuckingly frustrating is that EVERYONE (but the rich ass financial types) see it coming. And there is ABSOLUTELY NOTHING WE CAN DO to prevent or prepare for it.
Oh they see it coming as well, but unlike us, they have the levers and means to come out on top of it.
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They came out on top of 2008/09 as well.
To the extent they “suffer”, maybe some of them go from billionaire to merely hundreds of millions.
We met with my mother’s broker a few weeks ago (company rhymes with “Laymond Maims”). My brother expressed his concern about the AI bubble and the broker basically said CEOs are smart people who are legally bound to safeguard their companies and they wouldn’t be so heavily invested in AI if there was any chance of its being a bubble.
Just one of the most dumbassed arguments I’ve ever heard. OK, then how did all the other bubbles in history happen? But it was equally dumbassed of my brother to expect a broker to say anything else. I’ll bet he gets a fucking daily memo telling him not to let anybody de-AI their portfolios – if that’s even possible at this point.
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Alas, mom is all “they’ve done such a great job over the years increasing the value of our portfolio”. Bitch, the fucking market went through the roof, that’s why your portfolio has done so well. It has nothing to do with Draymond Claims. You were in mutual funds the whole time!
No, I don’t actually call my mom a bitch.
I would immediately change brokers. That’s a level of uneducated and propagandized that is truly dangerous.
I don’t think others differ that much.
Almost certainly true.
most of them like peddles the same propaganda.
The last few financial crises have led to massive wealth transfers to the 1%. I wouldn’t be surprised if some of the more accelerationist of them are trying to engineer them at this point.
except this time, AI costed them more than it returned.
sure there is.
these are just five things you can do now before the bust.
Gee, get a load’a this one, goin round whackin heliocentric planetary systems in people’s yards. Kickin off the gravitational alignment of Earth with their extra “sun and planets” next to the lavender.
I hear they even do dual-star solar systems… pffft… thats just showing off.
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They will keep the scam going until an IPO. Then cash out and let the rest of us fucked
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Save your pennies then you can buy up all the property of the impoverished at a deflated rate and rent it back to them at any price you want.
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