I outlined it here a bit. Basically there’s a lot of Wall St fuck fuck games - AI is just one of them - that’s a tottering heap of dollar-denominated accounting entries for lies and trash. But also, the institutions have been white anted. Trump’s pick for the next Fed chair is a bitcoiner who espouses Austrian economics - that is, literally the same gold standard economics that made Great Depression 1 worse.
Fortunately, most of the rest of the world economy is heading in the opposite direction and building new free-trade zones without the US. I think the US in a few years will start to feel a lot like the UK today, with everything falling apart, everyone becoming poorer and less mobile, and anger about Hispanics instead of Poles and trans people.
I guess my confusion is this – at what point does reality exert any influence on the lies-and-trash accounting? What in the physical reality is the reason they can’t just keep fapcircling the economy forever?
I outlined it here a bit. Basically there’s a lot of Wall St fuck fuck games - AI is just one of them - that’s a tottering heap of dollar-denominated accounting entries for lies and trash. But also, the institutions have been white anted. Trump’s pick for the next Fed chair is a bitcoiner who espouses Austrian economics - that is, literally the same gold standard economics that made Great Depression 1 worse.
Fortunately, most of the rest of the world economy is heading in the opposite direction and building new free-trade zones without the US. I think the US in a few years will start to feel a lot like the UK today, with everything falling apart, everyone becoming poorer and less mobile, and anger about Hispanics instead of Poles and trans people.
I guess my confusion is this – at what point does reality exert any influence on the lies-and-trash accounting? What in the physical reality is the reason they can’t just keep fapcircling the economy forever?