Anyone else concerned that the AI bubble is actually an everything bubble, and more or less represents the devaluation of the US dollar? We have a lot of debt, we can’t necessarily keep raising interest rates to slow down spending (as that would make the debt’s impact far greater), and so they’re printing money onto the deficit. Meanwhile, you have the White House eye balling cryptocurrency, letting banks hold it alongside gold, … what does all of this mean?
Everything means something because meaning is created, not discovered. They can be greedy, idiots, and still know how to come out on top of a failing empire.
I really think there’s a lot more to this than meets the eye. There being winners implies there being losers also. If the ultra wealthy can come out on top, it leaves the rest of the US with a debased currency on bottom.
Is gold up 2x since 2 years ago, or is the US Dollar loosing its purchase power at a rate not seen since 1970s (Nixon took USD off gold) and 2008-11 (global housing crisis)?
Suddenly, Elons stock-performance based bonus benchmarked at $1T makes some sense…
Anyone else concerned that the AI bubble is actually an everything bubble, and more or less represents the devaluation of the US dollar? We have a lot of debt, we can’t necessarily keep raising interest rates to slow down spending (as that would make the debt’s impact far greater), and so they’re printing money onto the deficit. Meanwhile, you have the White House eye balling cryptocurrency, letting banks hold it alongside gold, … what does all of this mean?
https://www.theblock.co/amp/post/333107/jpmorgan-debasement-trade-bitcoin-gold
https://phemex.com/news/article/putin-adviser-accuses-us-of-using-stablecoins-and-gold-to-devalue-debt-17951
https://matrixmag.com/chinas-gold-corridor-a-structural-shift-in-the-global-financial-order/
It doesn’t mean anything. You’re just rules by greedy idiots.
Everything means something because meaning is created, not discovered. They can be greedy, idiots, and still know how to come out on top of a failing empire.
I really think there’s a lot more to this than meets the eye. There being winners implies there being losers also. If the ultra wealthy can come out on top, it leaves the rest of the US with a debased currency on bottom.
Is gold up 2x since 2 years ago, or is the US Dollar loosing its purchase power at a rate not seen since 1970s (Nixon took USD off gold) and 2008-11 (global housing crisis)?
Suddenly, Elons stock-performance based bonus benchmarked at $1T makes some sense…