AI collapsing will bring down the whole USA economy. All that talk about trillion-dollar companies and trillionaires, built on hype and free money printing, will just evaporate into thin air. They are just backed by hype, not old school backing of either gold or solid assets. No, certainly not crypto which is also a scam. I think Jensen Huang is starting to realize his precarious position as a touted five-trillion-dollar outfit. When China finally figures out how to overcome the ASML hurdle, the stew is cooked for the USA.
Honestly, how many people really trust the paper gold trading fiasco when the world cannot even trust the physical gold in Fort Knox being still in existence. The fact that the USA Government refused to let Fort Knox be audited tells a very sobering tale. It is really mind-boggling that there are people believing in make-believe scams proliferated by sleek financial experts to profit at their expense.
SpaceX is another house of cards built by Elon Musk and investors are now left holding the bag. Building Data Centers in space is becoming one big joke. The next big IPO that comes onto the market, which is OpenAI, is going to suffer the deprivation of more hot air pumping, unlike SpaceX that had caught the worm when everyone was still sleeping. Now investors in SpaceX are licking their wounds.
Anonymous
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