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US Needs Trillions To Stay Ahead of China in AI Race — Blackrock CEO Points to Pensions and Retirement Savings (www.ibtimes.co.uk)
submitted 5 months ago by to c/world@lemmy.world
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[–] 140 points 5 months ago (4 children)

This is not about China. This is about private equity being so desperate for money they want new laws that allow the shadow PE banking system access to government money. Tax payer money.

Be very careful around this topic. Reading headlines isn't going to cut it and this is very dangerous territory.

The house of cards needs money urgently. Your money and they are done asking nicely.

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  • [–] 39 points 5 months ago

    Not just tax payer money, your money, your personal savings.

    They're going to burn it all and then oh too bad, it's too big to bailout so fuck you American people! Keep working in servitude till you die at your post.

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  • [–] 11 points 5 months ago

    No shit it's not about China. The China argument has whatever threat level is convenient at the moment, which is why we couldn't possibly give any chips to China, until actually Nvidia kind of wants to send chips to china because they want that money too. If it was a real threat, the messaging would have any sort of fucking consistency.

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  • [–] 0 points 5 months ago

    Hey, it's a tradition, and you don't want to be the turd in the punchbowl.

    Forget about the money, alright? It's not going to matter in the coming years, so let us take it now and use it, as we best know how.

    Don't you worry about a thing. It will all work out.

    Ideally with the poors dying out, and being replaced by robots, but we can't always have nice things immediately.

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