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AMD Risks a Hefty 20% of Its Company To Enter Into 'Mega' AI Deals, With the Latest Venture Tied to a Meta Agreement for Next-Gen Infrastructure (wccftech.com)
submitted 8 months ago by to c/pcgaming@lemmy.ca
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Well kiss any sense of getting a new GPU or Processor good bye.

Fuck AI.

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[–] 5 points 8 months ago (3 children)

There’s really no way to escape the bubble pop. Not for us normal people anyway.

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  • [–] 2 points 8 months ago (2 children)

    Normal people can somewhat cushion themselves from any severe crash.

    Debt itself is not the problem. Lots of debt is actually fine - inflationary effects can and will whittle that debt away, assuming you are still servicing it.

    No, the real issue comes down to single-family homes on arable land. If your home is debt-free and completely paid off, there is no legal way to take that away from you, and the land it sits on can allow you to grow food for yourself and even sell a little on the side. While a severe economic crash will be painful for most anyone not of the Parasite Class, those who have debt-free arable land have a chance to ride out that crash better than most.

    Granted, the devil is in the details, but in broad strokes this is a truism. The difference is between virtual or physical assets that depend on appreciation, and those who can work for you.

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  • [–] 2 points 8 months ago (1 child)

    there is no legal way to take that away from you

    Hate to burst your bubble here, but there are two major ways to take people's paid-off homes that I can think of just off the top of my head.

    1. Unpaid property taxes can force a foreclosure

    2. In all US states except Florida your home can be forced to be sold in order to satisfy a debt (like medical debt for example)

    There are other ways you can lose your paid-off home as well:

    1. It is destroyed in a natural disaster in a place where it is difficult or impossible to get insurnace (Florida/California etc) and you can't afford to rebuild

    2. You need expensive end-of-life care and you have to sell your home to pay for that

    I'm sure there are a few others

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