Tech Billionaires Are Quietly Rooting for AI Bubble to Collapse

https://futurism.com/future-society/ai-bubble-billionaires-burst

66 points · 13 comments · view on lemmy.world

13 Comments

IAmNorRealTakeYourMeds@lemmy.world · 33 pts · 178d (10 replies)

they are salivating over their upcoming bailout

neukenindekeuken@sh.itjust.works · 17 pts · 178d (2 replies)

It's the stocks at a discount they're after.

Grapho@lemmy.ml · 2 pts · 178d (1 reply)

They can't fathom that the US empire might legitimately collapse and take the exorbitant privilege of the dollar with it

eldavi@lemmy.ml · 1 pts · 177d

even if it were to fall, they would still be in charge and that's what they care about.

fluffykittycat@slrpnk.net · 6 pts · 178d (5 replies)

With the collapse of the petrodollar can America even afford to?

IAmNorRealTakeYourMeds@lemmy.world · 12 pts · 178d (4 replies)

The public will pay for it

fluffykittycat@slrpnk.net · 4 pts · 178d (3 replies)

What if it's so expensive no one buys the bonds for the debt?

IAmNorRealTakeYourMeds@lemmy.world · 5 pts · 178d (1 reply)

illegal taxes,illegal tariffs, illegally slash agencies he hates, fuck, just illegally make the mint print more money... not like he gives a fuck about any consequences.

PolarKraken@lemmy.dbzer0.com · 3 pts · 178d

I think the question is "what will happen" not "what will Trump do".

hanrahan@slrpnk.net · 1 pts · 178d

quantitative easing, the Fed buys the bonds.

SnarkoPolo@lemmy.world · 3 pts · 178d

The one we're going to pay for.

tanisnikana@lemmy.world · 19 pts · 178d

Me too. Except not quietly.

crmsnbleyd@sopuli.xyz · 10 pts · 178d

Hmm the article doesn't actually say they're rooting for it to collapse, it just says they don't mind if it collapses