Risk is rising as big tech companies like Oracle — the ultimate financial source of the Ellison media empire — need to turn to the bond market for staggering sums to finance data centers.
And stolen resources.
A.I. Is Running Out of Borrowed Money. FTFY.
Fun fact, over half of the S&P 500 have market caps over 10x revenue.
This has not ended well for companies in the past.
Companies are relying on adds everywhere, planned obsolescence and shitification to show better results every year.
And at some point they’ll claim it back
Is it borrowed money or is it actually fictional non-existent money?
Don’t worry, it will be real money when you have to pay your part.
Kind of an odd phrase, given that money as a concept is fundamentally both of those things at all times.
You know what? That’s completely fair. We made it up, like the easter bunny.
The easter bunny made up money too?
I think it’s both. They borrowed money on the future of AI.
We could have prevented this, but the boomers were cheering that their sons have to go back to the factories from all the office jobs, AI promised to automate…
So are most citizens.
*US-citizens
r/USdefaultism
At a quick search the total debt for all US households is 18.8trillion.
For AI tech companies that is 0.7t, though this probally doesn’t include shadow banking credit, which reports say is estimated to be dangerously high.
The that that these numbers are only one decimal order apart is despicable. We’re talking a handful of AI megacorps vs literally every single individual.
Soon it will be running on tax dollars. That’s the only way this ends.
It really doesn’t have to end that way. Those shithead rich who threw their money into this can just take the L, and not beg for a bailout.
Yeah… Sure. Except that’s not how capitalism actually works. See capitalism is just socialism for the rich.
Ok… but we can take action to make sure they dont just get a bailout for being the failures that they are.
What do you suggest?
Are you armed? If the answer is no, there is an action you can take. Learning to safely use and store firearms takes time.
Having a labor force with the means to defend itself as a deterrent is incredibly important.
