Risk is rising as big tech companies like Oracle — the ultimate financial source of the Ellison media empire — need to turn to the bond market for staggering sums to finance data centers.
Risk is rising as big tech companies like Oracle — the ultimate financial source of the Ellison media empire — need to turn to the bond market for staggering sums to finance data centers.
What’s cool is we’ll soon be propping these shitbags up with tax money, so the whole thing doesn’t go bankrupt.
You mean we’ll be in the streets when they try to right? Because just being defeatist about it is an absolute pathetic take.
No worries, it’s only American tax payers footing the bill and they voted for this.
People in the rest of the world will also be affected for at least two reasons:
As I’ve pointed out elsewhere pension funds may be exposed to AI but the money in your personal fund doesn’t need to be. If you haven’t already moved your retirement investment out of shares then see if that’s possible. I’ve changed mine to conservative settings already and looking at the list its mainly in cash, property, farming and a few manufacturers now with no tech stocks at all. That seems a sensible mix for when the market collapses this time around.
You can make a change like this? Wow, I’ll have to look into if my fund can do this
Too big to fail. Privatize the profits, socialize the losses. Unless we can vote in enough representatives that won’t put up with that absolute bullshit.
We can also mobilize, and get very armed as a deterrent to illegal violence towards protestors.