We met with my mother's broker a few weeks ago (company rhymes with "Laymond Maims"). My brother expressed his concern about the AI bubble and the broker basically said CEOs are smart people who are legally bound to safeguard their companies and they wouldn't be so heavily invested in AI if there was any chance of its being a bubble.

Just one of the most dumbassed arguments I've ever heard. OK, then how did all the other bubbles in history happen? But it was equally dumbassed of my brother to expect a broker to say anything else. I'll bet he gets a fucking daily memo telling him not to let anybody de-AI their portfolios -- if that's even possible at this point.

The last few financial crises have led to massive wealth transfers to the 1%. I wouldn’t be surprised if some of the more accelerationist of them are trying to engineer them at this point.

They will keep the scam going until an IPO. Then cash out and let the rest of us fucked

Save your pennies then you can buy up all the property of the impoverished at a deflated rate and rent it back to them at any price you want.

And there is ABSOLUTELY NOTHING WE CAN DO to prevent or prepare for it.

sure there is.

• get a years supply of shelf stable food, preferably things with a decade long shelf life
• start a garden and fill it with staple foods that are nutritional and abundant
• install a solar system, no matter how big or small
• collect barter goods like alcohol, fabric, paper, hand tools, entertainment media, books, etc
• learn trade skills that can land you a job in a jobless market

these are just five things you can do now before the bust.