hhmx.de

JoeBecomeTheSun

JoeBecomeTheSun (@JoeBecomeTheSun@social.vivaldi.net)

Föderation EN Do 12.09.2024 06:01:55

@jon The issue with AI is that this is just another fad pushed from the top down with counterfeit money from the fed. The reason the business cycle is closely related with the election cycle is that the democratic politicians have an incentive to overstimulate the economy to maximize their chances of getting reelected and when they reach their term limit they plug their ears when the ticking time bomb blows up in the next administration. AI is just another example of counterfeit money going into the pockets of privileged corporations with the friends in high places perk. I guarantee you that this AI boom is going to blow up in the face of the next administration and the bubble will burst when the market realizes that it has put too much money into stupid bullshit that people do not actually want at the expense of things that actually matter, like aircraft technicians, engineers, plumbers, truck drivers, carpenters, painters, roofers, manufacturers, food, water, electricity, cars, bicycles and other staples of modern life. The permanent solution is hard gold backed money in a free banking system where the money supply is not up for a vote. End the fed!